Norway’s Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement valued at $1.8 million, with an international oil company, for the provision of 3D EM data from a portion of the EMGS’ multi-client data library in Foz do Amazonas in Brazil.
“This sale is an indication of the sales potential of our multi-client data in this basin. We see the equatorial margin as an exciting and large region for the EM technology going forward,” says Roar Bekker , CEO of EMGS.
The data will be delivered in December 2014 and EMGS will therefore book the sales in the fourth quarter 2014.