EMGS in New Multi-Client Data Sale

EMGS Barents Sea data, Photo: EMGS

Electromagnetic Geoservices ASA (EMGS) has entered into new data licensing agreements providing it with a net revenue of approximately USD 2 million.

USD 1.8 million of these revenues will be recognised in the fourth quarter of 2016, while the remaining USD 0.2 million is prefunding of planned multi-client data acquisition relevant for the 24th licensing round in the Barents Sea.

Christiaan Vermeijden, CEO of EMGS, said that he is pleased with the interest in 3D CSEM data from the Barents Sea and encourages customers to take advantage of the vessel being active in the area in the spring of 2017.

According to the company’s multi-client data library, EMGS in Norway covers 50,000 square kilometers of 3D full azimuth multi-client data in the Barents Sea.

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >