EMGS awarded $ 10 million contract by PEMEX

EMGS has been awarded a contract by the major national oil company PEMEX to determine the hydrocarbon content of deep water drilling locations located in Mexican side of the Gulf of Mexico. The contract is worth about USD 10 million.

Preacquisition services will complete in 2007 and the survey is expected to start in first quarter 2008 with follow on processing and interpretation services carried out in close cooperation with the client by EMGS in Houston.

PEMEX is one of the world’s largest national oil companies, and the Company is putting a lot of effort in deep water exploration.

PEMEX is a new client for EMGS and we are enthusiastic about the market growth potential in this region, comments CEO Terje Eidesmo.