EMGS Bags New Agreements in Norway and Mexico

Norwegian Electromagnetic Geoservices (EMGS) has entered into agreements involving data licensing as well as processing and interpretation services related to 3D EM data in Norway and Mexico.

The agreements will bring revenues of approximately USD 2 million to the company.

“We are excited about being given the opportunity by our customers to reduce their exploration uncertainty through the use of 3D EM data,” said Christiaan Vermeijden, CEO of Electromagnetic Geoservices.

The company did not disclose the names of the clients.