2014

• EMGS – Sales from the multi-client library in Brazil

  EMGS has entered into a data licensing agreement worth USD 1.8 million with an international oil company for the provision of 3D EM data from a portion of the EMGS's multi-client data library in Foz do Amazonas in Brazil.

• EMGS – New sales from the multi-client library in the Barents Sea

  17 December, EMGS signed another data licensing agreement with an international oil company, worth USD 3.3 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea.

• Norwegian Petroleum Directorate has requested access to all inverted EM data acquired by EMGS

  EMGS has informed all license holders of EMGS data from the Norwegian territorial waters that the Norwegian Petroleum Directorate (NPD) has requested access to (i) all CSEM inversion data owned by EMGS acquired in the Norwegian territory from 2008 through 2014 and (ii) the CSEM data to be acquired in the Tiddly and Nordkapp basins in 2015, with reference to the petroleum regulation of 18 June 2001.

• EMGS – Sales from the multi-client library in the Barents Sea

  EMGS has entered into a data licensing agreement worth USD 7.1 million with an oil company for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea.

• EMGS research aims for up to 80% reduction in computation time

  EMGS and the University of Oslo have developed a fast and efficient way of performing multi-model 3D electromagnetic simulations. The scheme led to a significant reduction time in inversion. Specifically, for a focused inversion of the Troll oil field in the North Sea, as much as 80% of the total modeling time was reduced using the new approach.

• EMGS extends charter agreement for EM Leader at improved commercial terms

  EMGS has signed an extended charter agreement for the vessel EM Leader with Seatrans (owner of the vessel) at new and improved commercial terms. The previous agreement was up for renewal.