EMGS Awarded 3D EM Data Acquisition Contract in Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a customer worth USD 2.3 million (NOK 13.5 million) for 3D EM data acquisition in the Norwegian Sea.

The survey is expected to commence in June, using the vessel BOA Thalassa.

In addition, EMGS has signed two data licensing agreements with two new customers, amounting to a total of USD 2.0 million. The agreements relate to provision of 3D EM data from EMGS’s multi-client data library in the Barents Sea and the Norwegian Sea.

Press Release, June 17, 2014