Scandoil  

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


Published Dec 2, 2014
EMGS - Atlantic Guardian-2

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 8 million for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea.

"This sale confirms the increased recognition of the value of EMGS' EM technology as an important exploration tool. The addition of a new supermajor to our expanding customer base proves the breakthrough our technology has had in Norway this year," says Roar Bekker, CEO of EMGS.

Of the total sale, data worth USD 4.8 million will be delivered in Q4 2014, of which EMGS will book USD 4.5 million in the quarter after partner's share of the revenues. Data for the remaining USD 3.2 million of the agreement will be booked in 1H 2015.

Tags: Electromagnetic Geoservices ASA (EMGS)




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml