EMGS in $2 Mln Barents Data Agreement

  • Business & Finance

Norway’s Electromagnetic Geoservices (EMGS) has secured two new data licensing deals for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea.

In accordance with the company’s multi-client data library update, EMGS’s in Norway now covers 50,000 square kilometers of 3D full azimuth Multi-Client data in the Barents Sea.

According to the company’s Oslo stock exchange filing, both deals are worth USD 2 million in total.

The company did not disclose the client and when the data will be delivered.

EMGS will book the full amount as sales in the second quarter 2015.

Subsea World News Staff
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