EMGS begins preparations for survey off Canada

Electromagnetic Geoservices and its subsidiary Electromagnetic Geoservices Canada have initiated preparations for carrying out a pre-funded multi-client survey west of Newfoundland, Canada.

EMGS said on Tuesday that the survey would represent a minimum level of revenues to EMGS of approximately $2.5 million. The company did not reveal any details about the survey.

EMGS was in the news twice over the last month due to two 3D CSEM multi-client data sales.

Namely, both sales were for multi-client data in the Barents Sea in Norway. The first sale included 3D CSEM data for approximately $1.2 million.

The second multi-client Barents Sea data sale was valued at approximately $1.5 million.

Offshore Energy Today Staff