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EMGS โ€“ Update on operational review
Globenewswireยท 2025-10-01 18:00
Core Viewpoint - Electromagnetic Geoservices ASA (EMGS) is currently reviewing its operational model, which includes the decision not to extend the charter agreement for the Atlantic Guardian vessel, set to be redelivered on 20 October 2025 [1][2]. Group 1 - The company is undergoing a review of its operational model to determine the necessity of a permanently rigged vessel [1]. - As a result of this review, EMGS has decided not to extend the charter for the Atlantic Guardian, which will be returned to its owners at the end of the current charter period [1]. - The operational review aims to identify a sustainable and flexible operational model that can generate sufficient revenues for the company [2]. Group 2 - EMGS will provide additional details regarding the operational review as they become available [3].