Gulf Oil and Gas accountACCOUNT

EMGS Enters into Second Prefunded Multi-Client Contract in Indonesia

Source: www.gulfoilandgas.com 12/27/2017, Location: Asia

Share |
Reference is made to the stock exchange notification published by Electromagnetic Geoservices (EMGS) on 16 November 2017, wherein it was announced that EMGS had received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

Reference is further made to the stock exchange notification published by the Company on 19 December 2017 wherein it was announced that a final contract with a minimum gross contract value of USD 1.8 million had been entered into under one of the Letters of Intent while the second Letter of Intent remained outstanding.

EMGS announced Dec 20 that a final contract has been entered into under the second Letter of Intent. The contract has a minimum gross contract value of USD 1.0 million, giving a combined minimum gross value for the two contracts of USD 2.8 million.

Both surveys will be executed using the vessel BOA Thalassa, with expected start-up in December 2017 and completion in January 2018.

Acquisitions and Divestitures News in Indonesia >>

United States >>  7/19/2018 - Diversified Gas & Oil PLC, the US based gas and oil producer, completed the acquisition of EQT Corporation's southern Appalachian producing gas and oi...
Papua-New Guinea >>  7/17/2018 - Oil Search has expanded its exploration portfolio in the onshore Gulf Basin, PNG. In July 2018, Oil Search executed a farm-in to PPLs 474, 475 and 476...

Australia >>  7/16/2018 - As part of portfolio rationalization, PTTEP announces the divestment of a 100% stake in the Montara field to align with the company’s business strateg...
Ireland >>  7/13/2018 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (“FEL”) 2/14. ...

Indonesia >>  7/11/2018 - Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising a...
United States >>  7/10/2018 - QEP Resources, Inc. announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to sell natural gas and oi...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.