EMGS Strikes New Barents Data Deal

Norwegian geophysical services company, EMGS, has entered into a data licensing agreement with an undisclosed client for the provision of 3D CSEM data from the multi-client data library in the Barents Sea.

The Oslo-listed company said that this new deal has generated net revenue of USD 1 million, which will be recognised in the fourth quarter of 2016.

This agreement follows last month’s USD 2.1 million Barents Sea data sale, and 3D EM data acquisition deal over the Hoop area, also in the Barents Sea.

 

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Offshore Site Investigation & Geotechnics Committee 8th International Conference “Smarter Solutions for Future Offshore Developments”

The conference series, which has run since 1979, offers a unique opportunity for geotechnical engineers, geoscientists and academics…

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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