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EMGS Reports Sale From its Multi-Client Library in the Barents Sea, Norway


Published Sep 15, 2016
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Electromagnetic Geoservices ASA (EMGS) has announced that the company has entered into a data licensing agreement for the provision of 3D CSEM data from the multi-client data library in the Barents Sea providing net revenue of USD 2.1 million to EMGS.

The revenue will be recognised in the third quarter of 2016.

“EMGS is pleased with the oil company’s purchase of the 3D CSEM data to evaluate the exploration for hydrocarbons in the Barents Sea,” says Christiaan Vermeijden, CEO.


Tags: Electromagnetic Geoservices ASA (EMGS)




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