EMGS in Brazil Data Sale

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 1.8 million for the provision of 3D EM data from a portion of the EMGS’ multi-client data library in Foz do Amazonas in Brazil.

According to EMGS, the data will be delivered in December 2014 and EMGS will therefore book the sales in the fourth quarter 2014.

“This sale is an indication of the sales potential of our multi-client data in this basin. We see the equatorial margin as an exciting and large region for the EM technology going forward,” says Roar Bekker, CEO of EMGS.

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