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EMGS signs a data licensing agreement in the Barents Sea


Published Dec 19, 2014
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EMGS - Atlantic Guardian-2

Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with an international oil company worth USD 3.3 million for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea.

After adjustment for partner's share of the revenues, EMGS net revenue will amount to approximately USD 1.7 million.

In addition, EMGS has also entered into some smaller agreements, worth a total of USD 2.4 million, whereas EMGS' net revenue will amount to USD 1.8 million.

Tags: Electromagnetic Geoservices ASA (EMGS)



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