EMGS Enters New Agreements for Barents Sea Data

Electromagnetic Geoservices ASA (EMGS) has entered into three new data licensing agreements with oil companies for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea.

The agreements are worth a total of USD 3.7 million gross, whereas EMGS will receive USD 2.6 million net after adjustment for partner’s share of revenues.

EMGS has >50,000 km2 of 3D full azimuth Multi-Client data in the Barents Sea.

According to the company’s website, 24 clients (65% of companies active in the Barents Sea) have licensed EMGS’s Barents Sea Multi-Client data to identify significant volumes, validate AVO ambiguities and assess charge and seal risk.

Share this article

Follow Subsea World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >