Electromagnetic Geoservices ASA has signed a new charter agreement for the vessel BOA Thalassa with BOA SBL AS at new and improved commercial terms. The new terms are valid through October 1 2019 with an option to extend the new agreement through April 1, 2021. EMGS and the owners have agreed to a reduction of the charter hire rate by approximately 20%. EMGS and BOA SBL AS have also agreed to some additional flexibility during 2017. The new contract will have a firm start on October 1, 2017, but the vessel remains available, as an option to EMGS, on a project by project basis between April 1 (expiry date of current contract) and October 1 2017.