Vessel utilisation for the third quarter 2019 was 73% compared with 29% for the third quarter in 2018.

In the third quarter of 2019, the Company's vessels were allocated 73% to proprietary work and no time was spent on multi-client projects. In the comparable quarter of 2018, the vessels were allocated 29% to multi-client projects and no time was spent on proprietary work.

EMGS had two vessels on charter and recorded 6.0 vessel months in the quarter. In the third quarter 2018, the Company also had two vessels on charter.

Vessel activity
The Atlantic Guardian commenced a proprietary survey for Pemex in Mexico on 25 July 2019. This survey is still ongoing. The vessel's utilisation for the third quarter was 66%.

The BOA Thalassa spent the entire third quarter of 2019 acquiring EM data for Petronas in South-East Asia. The vessel's utilisation for the third quarter was 79%.

Multi-client revenues in the third quarter
The Company expects to record approximately USD 6 million in multi-client revenues for the third quarter 2019.

KeyFacts Energy Industry Directory: EMGS