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EMGS reports sales from the multi-client library in the Barents Sea


Published Jan 30, 2015
EMGS - Atlantic Guardian-2

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. The agreement is worth USD 2.5 million, before potential adjustment for partner's share of revenues.

EMGS' multi-client data library in Norway now covers 44,000 km2 in the Barents Sea, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.

Tags: Electromagnetic Geoservices ASA (EMGS)




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