Search results for: EMGS

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  • 4 December 2013
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with OMV Norge AS worth around USD 4 million for the provision of 3D EM data from EMGS’s multi-client data library in the Hoop area in the Barents Sea.   In addition, the agreement contains an uplift model whereby EMGS will receive an undisclosed sum if the customer is […]

  • 17 December 2014
    Business & Finance, Equipment

    Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company worth $7.1 million for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. However, EMGS did not reveal the name of the client. “This sale is yet another confirmation of the increased recognition of […]

  • 31 December 2013

    Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement worth around USD 1.2 million for the provision of 3D EM data from EMGS’s multi- client data library in the Barents Sea, offshore Norway. In addition, the agreement contains an uplift model whereby EMGS will receive an undisclosed sum if the customer is awarded blocks in future licensing rounds […]

  • 28 October 2019
    Operations & Maintenance, Project & Tenders

    Electromagnetic Geoservices (EMGS) has received a USD 8 million multi-client contract from an undisclosed customer. Under the contract, the customer will license certain data from the EMGS’ existing EM multi-client library in Norway and settle future potential uplift obligations towards the company for certain multi-client data already licensed by the customer. The contract furthermore includes […]

  • 10 September 2012
    Business & Finance

    EMGS last month signed a contract worth approximately USD 7 million with a major international oil company to provide 3D EM acquisition and processing services in the Asia Pacific region. The contract has now been cancelled in mutual understanding with the customer due to unforeseen delays in obtaining the government permits required to operate EMGS’s […]

  • 8 January 2015
    Business & Finance, Equipment

    The new Board of Directors of Norway’s Electromagnetic Geoservices ASA (EMGS) has appointed Bjarte H. Bruheim as Chief Executive Officer of the company effective from 7 January 2015. Bjarte Bruheim has been the Executive Chairman of EMGS since July 2004, and he has extensive experience from the oil service sector over the past 30 years. […]

  • 22 September 2010
    Business & Finance

    Fugro has been awarded a CSEM contract by Woodside, Australia’s largest publically traded hydrocarbon exploration and production company. The acquisition part of this contract, which is worth in excess of USD 2 million, will be subcontracted to Electromagnetic Geoservices ASA. The survey will take place on the North West Shelf offshore Australia in the fourth […]

  • 28 October 2019
    Business & Finance

    The Norwegian offshore survey company EMGS has signed an $8 million multi-client contract with an undisclosed company.

  • 17 December 2014
    Business & Finance, Project & Tenders

    Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company worth USD 7.1 million for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. “This sale is yet another confirmation of the increased recognition of the importance of EMGS’ EM data in the Barents […]

  • 25 June 2012
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) has today entered into a data-licensing agreement worth approximately USD 8 million with an oil and gas company, in which the customer will gain access to EMGS’s entire 3D EM multi-client data library on the Norwegian Continental Shelf (NCS). The agreement includes pre-funding of the ongoing Barents Sea multi-client program and […]

  • 25 June 2012
    Business & Finance, Operations & Maintenance

    Electromagnetic Geoservices ASA (EMGS) has entered into a data-licensing agreement worth approximately USD 8 million with an oil and gas company, in which the customer will gain access to EMGS’s entire 3D EM multi-client data library on the Norwegian Continental Shelf (NCS). The agreement includes pre-funding of the ongoing Barents Sea multi-client program and late-sales […]

  • 28 December 2017
    Business & Finance

    Norway’s Electromagnetic Geoservices (EMGS) has entered into two deals with a total value of about $5.9 million. 

  • 10 December 2014
    Business & Finance

    Norway’s Electromagnetic Geoservices (EMGS) has signed an extended charter agreement for the vessel EM Leader with Seatrans (owner of the vessel) at, what the company says are, new and improved commercial terms. According to EMGS, the previous agreement was up for renewal. “We are very pleased with this new agreement. It maintains our flexibility to reduce […]

  • 4 December 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with OMV Norge AS worth around USD 4 million for the provision of 3D EM data from EMGS’s multi-client data library in the Hoop area in the Barents Sea. In addition, the agreement contains an uplift model whereby EMGS will receive an undisclosed sum if […]

  • 6 July 2016
    Business & Finance, Operations & Maintenance

    Electromagnetic Geoservices (EMGS) and vessel owner Euro Trans Skips have agreed to terminate the charter agreement for the vessel EM Leader. The survey vessel EM Leader, which has been laid up since May 15, 2015, left EMGS’ fleet in June 1, 2016. “The termination is to the commercial benefit for both parties,” EMGS said. The Oslo-listed company now operates two vessels, the […]

  • 19 December 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    EMGS announces its decision to mobilise the vessel EM Leader in response to increased market demand in Asia. EMGS has received a Letter of Intent from a major international oil company for a six-week 3D EM data acquisition project offshore Brunei. Surveying is expected to start in early February, following modifications of the EM Leader […]

  • 7 April 2011
    Business & Finance, Equipment

      Electromagnetic Geoservices ASA (EMGS)  announces that a major international oil company has joined EMGS and Shell in a joint industry project (JIP) to plan and design the next-generation 3D EM system. “We are delighted that yet another customer with extensive EM experience has joined the JIP,” says Roar Bekker, EMGS chief executive officer. “Both […]

  • 20 December 2017
    Business & Finance

    Norwegian geophysical services company EMGS has elected new members of the company’s board of directors.

  • 13 April 2016
    Equipment

    Two Norwegian geophysical companies, Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS), have entered into a settlement agreement thus resolving their patent disputes. On December 16, 2013 EMGS filed a complaint in the United Kingdom against PGS in the High Court of Justice, Chancery Division, Patents Court. The complaint alleges that the PGS Defendants had infringed EMGS’s […]

  • 2 December 2014
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with Statoil ASA for the provision of 3D EM data.  According to the company, the data will be provided from EMGS’ multi-client data library in Norway. The contract is worth $10 million. After adjustment for partner’s share of the revenues, EMGS net revenue will amount […]

  • 21 June 2010
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS)  announces that it has been awarded a multi-year contract worth a minimum of USD 150 million by one of the world’s largest oil companies. The 3D EM campaign will employ one of EMGS’s purpose-built 3D EM vessels continuously throughout the duration of the contract period, providing substantially improved vessel utilisation levels. […]

  • 28 October 2015
    Business & Finance

    Norway’s Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with a new client for the provision of 3D EM data. The deal is for the data from the multi-client data library over the Barents Sea, and is worth $2.8 million. In a press release on Wednesday, EMGS said it would receive $1.6 […]