Electromagnetic Geoservices ASA (EMGS) has signed a data-licensing agreement with a customer worth USD 3.5 million for the provision of 3D EM data from EMGS’s multi-client data library in the Barents Sea.
“It satisfying to note that our multi-client library continues to provide value for new and existing clients in the Barents Sea. An increased acceptance of EM as a value-adding exploration tool in the region, and our vast coverage coupled with customer’s success, bode well for the future” says CEO Roar Bekker.EMGS’s multi-client data library in the Barents Sea now covers 42,000 km2, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.
Contacts
Svein Knudsen, EMGS chief financial officer, +47 911 41 149