EMGS Sells Barents Sea Data

Electromagnetic Geoservices ASA (EMGS), a provider of EM technology to the offshore market, announced a sale from its multi-client library in the Barents Sea.

The company will receive uplift revenues of USD 2.5 million related to the licensing round for mature areas on the Norwegian continental shelf.

EMGS’ multi-client data library in Norway now covers 44,000 km2 in the Barents Sea, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.

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