EMGS sells Barents Sea data

  • Business & Finance

Norwegian geophysical services Electromagnetic Geoservices (EMGS) has entered into a pre-funding and late sales agreement related to 3D CSEM data surveys in the Barents Sea in Norway.

The agreement represents revenues of approximately $1.8 million, EMGS said in an Oslo Stock Exchange filing on Tuesday.

The data will be acquired during the third quarter of 2017.

The geophysical company was awarded a similar deal in late June with a value of $2.5 million.

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