Search results for: Electromagnetic Geoservices

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A list of search results

  • 18 October 2017
    Operations & Maintenance

    Electromagnetic Geoservices and its wholly owned subsidiary Electromagnetic Geoservices Canada (together EMGS) have started preparations for a pre-funded multi-client survey west of Newfoundland, Canada. The survey represents a minimum level of revenues to EMGS of approximately USD 2.5 million, the company said. The survey is expected to be executed in the fourth quarter of 2017.

  • 16 March 2017
    Project & Tenders

    Norwegian Electromagnetic Geoservices (EMGS) has entered into agreements involving data licensing as well as processing and interpretation services related to 3D EM data in Norway and Mexico. The agreements will bring revenues of approximately USD 2 million to the company. “We are excited about being given the opportunity by our customers to reduce their exploration uncertainty […]

  • 16 November 2017
    Business & Finance

    Electromagnetic Geoservices (EMGS) has received letters of intent for two contracts for prefunded multi-client acquisitions offshore Indonesia.

  • 23 December 2013
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) and TGS have agreed to expand the cooperation agreement in the Barents Sea from 11 to 17 blocks. In addition, TGS will increase its investment in all the 17 blocks. “The expansion of this agreement confirms our strategy to integrate our 3D EM data with seismic data and sell this as a combined dataset. We […]

  • 18 October 2017

    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 […]

  • 24 April 2009

    Fugro N.V. (Fugro), the world’s leading geotechnical, survey and geoscience company, today announced that it has entered into a global cooperation agreement with Electromagnetic Geoservices ASA (EMGS), the market leader in marine electromagnetic (EM) imaging. The agreement is in effect through 2011.

  • 21 July 2010

    Fugro N.V. today announced that it has entered into an agreement to purchase USD 20 million worth of senior secured bonds issued by Electromagnetic Geoservices ASA (EMGS). This represents Fugro’s continuing interest to establish marine electromagnetics as a valuable tool in oil and gas exploration.

  • 31 August 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Electromagnetic Geoservices ASA (EMGS) has entered into an agreement to acquire OHM Surveys Holding AS (OHM), a marine electromagnetic (EM) acquisition company, from certain funds controlled by Sector Asset Management and Seatrans Group (Euro Trans Skips AS) for USD 15.75 million in a stock-for-stock transaction. As a part of the transaction, EMGS has entered […]

  • 25 March 2019
    Project & Tenders

    Electromagnetic Geoservices (EMGS) has received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea. The total value of the letter of intent is approximately USD 2.5 million. The company will mobilize the vessel Atlantic Guardian to carry out the survey. The acquisition work is expected to be completed within […]

  • 29 January 2014
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) and Apache have signed a contract for 3D EM data acquisition in the Asia Pacific worth approximately USD 5 million. The contract follows the Letter Of Intent (LOI) announced on 11 November. The vessel BOA Thalassa commenced the survey in north west Australia on 25 January. [mappress] January 29, 2014

  • 16 May 2019
    Operations & Maintenance

    Electromagnetic Geoservices (EMGS) has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea. The contract has a value of USD 1.25 million. The survey is expected to be executed in the second quarter of 2019. The company will mobilize the Atlantic Guardian vessel for the survey.

  • 21 December 2012
    Business & Finance

    Norway’s Electromagnetic Geoservices ASA (EMGS) today signed a three-year global frame agreement with Shell International Exploration & Production B.V. (Shell) for the provision of 3D electromagnetic (EM) services. Roar Bekker, EMGS chief executive officer, commented: “We are pleased to enter into this agreement with such an experienced user of EM technology. Shell was one of […]

  • 23 December 2013
    Business & Finance

    Electromagnetic Geoservices ASA (EMGS) will receive about USD 1.25 million in multi-client sales from Tullow Oil. The sales will be recognised in the fourth quarter. The sale is related to pre-funding on previous investments in the Barents Sea. Press Release, December 23, 2013  

  • 2 June 2014

    EMGS will acquire 3D electromagnetic data in Norwegian Sea for Norway’s oil giant Statoil.

  • 28 December 2015

    Norway’s Electromagnetic Geoservices ASA (EMGS) has secured a 3D EM data sale deal. The company on Monday said the data licensing agreement was with an oil company. While it did not disclose the identity of the client, EMGS said the deal was for the provision of 3D EM data from the multi-client data library over the […]

  • 13 September 2012
    Business & Finance

    Fugro announced today that it has sold its financial investment (27,777,778 shares representing up to 14%) in Electromagnetic Geoservices ASA (EMGS) in Norway for a total value of approximately NOK 444.4 million (EUR 60 million). Fugro obtained the shares in April 2011 as result of the conversion of a convertible loan that Fugro provided to […]

  • 30 April 2020
    Business & Finance

    Electromagnetic Geoservices (EMGS) has entered into a late-sales multi-client licensing agreement for its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately $1.7 million. The majority of the revenue will be recognised in the second quarter of 2020, EMGS said. EMGS did not reveal the name of the client.

  • 11 March 2019
    Operations & Maintenance

    Electromagnetic Geoservices (EMGS) has confirmed a purchase order from an undisclosed customer for the proprietary data acquisition survey in south-east Asia. The company received the letter of award for the survey in February 2019. According to EMGS, the total value of the purchase order is approximately USD 24 million. Based on the purchase order and […]

  • 1 August 2017
    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. […]

  • 16 November 2017
    Project & Tenders

    Electromagnetic Geoservices ASA (EMGS) has received letters of intent for two prefunded multi-client acquisitions offshore Indonesia. The two contracts represent a combined minimum gross contract value of USD 2.8 million. Subject to inter alia final and binding contracts for the work, EMGS expects to start the surveys in December 2017. The company did not disclose the […]

  • 1 July 2015
    Business & Finance, Equipment

    Electromagnetic Geoservices ASA (EMGS), a Norwegian geophysical services company, has entered into two new data licensing agreements for the provision of 3D EM data from EMGS’ multi-client data library in the Barents Sea. EMGS did not name the companies it is entering into an agreement with, but it did reveal that the agreements are worth […]

  • 2 July 2018
    Operations & Maintenance

    Electromagnetic Geoservices (EMGS) has entered into an agreement for pre-funding of a non-exclusive, multi-client 3D CSEM acquisition in the Norwegian North Sea. The pre-funding amounts to approximately USD 1.5 million. The company expects to complete the survey in the third quarter of 2018. EMGS did not disclose any further information regarding the survey.