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.
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