EMGS announced today that it has executed an option and signed a contract for chartering a second custom-built vessel to carry out the company's proprietary Seabed Logging operations for oil and gas exploration companies worldwide. The charter is for 5-years plus options.


The vessel - the sixth to join the fleet - has been ordered from the Norwegian Taubåtkompaniet/BOA group and will be built at the Fosen Mekaniske Verksteder (FMV) shipyard, north of Trondheim, for delivery late 2008.


EMGS has plans to expand its capacity further, as a larger fleet will enable it to boost overall fleet utilization.