emgs has ordered two complete back deck systems from ODIM for the amount of NOK 32 million. The equipment will be delivered no later than December 1, 2008.
The automated and containerized handling solutions will be installed on emgs' seventh vessel and secures the current emgs growth plans through 2008.
emgs is the global market leader for the provision of seabed logging services, a technology that enables the detection of hydrocarbons beneath the seabed prior to drilling. emgs has developed this proprietary and patented technology over the past 10 years. Since its incorporation as a separate company in 2002, emgs has conducted more than 200 commercial surveys for many of the world`s leading oil and gas companies and offshore operators.
Trondheim, April 26, 2007
emgs ASA
Terje Eidesmo CEO
+47 73 56 88 10
This press release includes statements that may constitute forward-looking statements. Such forward- looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond emgs` management`s control. All statements other than statements of historical facts included herein may constitute forward- looking statements. Although emgs` management believes that the expectations reflected in the forward-looking statements are reasonable, emgs can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance and other factors.