TGS-EMGS Expand Cooperation

Norway’s Electromagnetic Geoservices (EMGS) and TGS-NOPEC Geophysical (TGS) have agreed to expand the cooperation agreement in the Barents Sea.

TGS will be investing in a 3D CSEM data acquisition project related to the 24th licensing round in Norway.

The contribution from TGS will be booked as a reduction of the carrying value of EMGS’ multi-client library.

In addition, EMGS reported late sales of multi-client data in Norway.

The above agreements are valued at USD 2 million.

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>

<< Feb 2019 >>
MTWTFSS
28 29 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 1 2 3

Shallow and Deepwater Mexico Oil and Gas Conference

Shallow and Deepwater Mexico is a community gathering for the offshore sector focusing on the future of offshore in Mexico…

read more >

FPSO Europe Congress 2019

FPSO Europe Congress 2019 will therefore shine a spotlight on revitalising oil fields through effective project…

read more >

Oceanology International Americas

The three-day conference and exhibition will be returning in 2019 newly branded as Oceanology International Americas…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >