EMGS Enters Prefunding Agreements in Norway

Electromagnetic Geoservices ASA (EMGS) has entered into prefunding agreements related to 3D CSEM data surveys in the Barents Sea and Norwegian Sea using the conventional technology and the new Deep Blue source.

The agreements represent revenues of approximately USD 3 million.

The data will be acquired during the 2017 summer season, the company said.

EMGS also announced that the original JIP agreement has been amended wherein the Deep Blue source is now available to the industry.

The Deep Blue source provides a higher output when compared to the conventional system.

“After the successful JIP test surveys during the summer of 2016, we are very pleased to see the first commercial uptake of the new equipment. Providing the industry with a much stronger source output is a breakthrough for EMGS and our EM technology as we will be more sensitive to deeper targets and smaller targets close to infrastructure,” said Christiaan Vermeijden, CEO.

Share this article

Follow Subsea World News

Events>

<< Jan 2018 >>
MTWTFSS
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

Subsea Expo 2018

The largest wholly-focused subsea event in Europe, Subsea Expo is organised by industry body Subsea UK…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

European Gas Conference 2018

The European Gas Conference celebrated its tenth anniversary amid an air of increasing optimism following considerably shifting markets in the last few years…

read more >

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >