Concedo ASA awards contract to PetroMarker

Published: July, 2010

PetroMarker AS and Concedo ASA, a Norwegian exploration oil company, have signed a contract for the acquisition of EM data on the Norwegian Continental Shelf (NCS).

TEMP-VEL, the proprietary marine vertical EM technology of PetroMarker, will be used to provide Concedo with valuable assessment data.

The work will be carried-out this season with the newly mobilized "Volstad Surveyor" and will be completed before the end of August.

Jostein Kjerstad, PetroMarker's CEO, commented that "Petromarker is proud of the confidence shown by Concedo, an oil company for which exploration is the primary goal".

PetroMarker welcomes Concedo as a new customer.

The parties have agreed to keep location, duration and price confidential.