EMGS in Norwegian Data Sale

Electromagnetic Geoservices (EMGS) said it has entered into various agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the library in the Norwegian Sea and Barents Sea.

The agreements represent revenues of USD 3.5 million.

According to the company’s multi-client data library, EMGS in Norway covers 50,000 square kilometers of 3D full azimuth multi-client data in the Barents Sea.

EMGS’ multi-client data in the Norwegian Sea covers the Ormen Lange area, the Nordland Ridge and basalt provinces in the Vøring and Møre Basins.