EMGS reports multi-client sales worth $ 3.7 million (Scandinavian Oil-Gas Magazine)

EMGS reports multi-client sales worth $ 3.7 million

Published Oct 2, 2014

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 3.7 million, after adjustment for partner's share of the revenues, for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea.

The multi-client revenues will be booked in the third quarter 2014.

EMGS' multi-client data library in the Barents Sea now covers 42,000 km2, 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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EMGS reports multi-client sales worth $ 3.7 million

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