News
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EMGS reports multi-client sales in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of approximately USD 1.5 million.
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EMGS reports multi-client sales in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of approximately USD 1.2 million.
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EMGS extends EM application window with the new DeepBlue source
EMGS has completed the development of the next generation Controlled-Source Electromagnetics (CSEM) source system DeepBlue. The first commercial project, in the Norwegian Sea, was announced in June 2017 and the data acquisition was successfully completed in July 2017.
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EMGS reports second quarter 2017 results
Company has reduced its quarterly cost base, consisting of all operational costs including multi-client investments, from USD 15.8 million in the second quarter last year to USD 9.2 million this quarter. The Company recorded EBITDA of USD 4.5 million, up from USD 2.8 million in the second quarter 2016. Free cash decreased with USD 0.9 million from the previous quarter.
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EMGS will present its result for the second quarter 2017 on Thursday 27 July
Link to Webcast
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EMGS reports multi-client sales in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into a prefunding and late sales agreement related to 3D CSEM data surveys in the Barents Sea in Norway. The agreement represents revenues of approximately USD 2.5 million. The data will be acquired during second half of 2017.