Vessel update and activity for the first quarter 2020
(WorldNews Norway)

Electromagnetic Geoservices ASA (the `Company` or `EMGS`) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. Vessel utilisation for...