News
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EMGS signs agreement with Directorate General of Hydrocarbons in India
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to acquire 3D EM multi-client data within a 325,000 square km area off West coast India, crossing eight different tectonic provinces from Kutch-Saurashtra in North to Ratnagiri in South.
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Prospectivity evaluation with 3D CSEM published in First Break
Daniel Baltar and Neville Barker describe a method to update a prospect’s existing evaluation with 3D CSEM data. The resulting improvement to risk and volume assessments enables operators to reduce uncertainty and meliorate investment decisions.
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Stig Eide Sivertsen appointed CEO of EMGS
Bjarte Bruheim has decided to step down as Chief Executive Officer of Electromagnetic Geoservices ASA with immediate effect. He has held this position since 7 January 2015, and before that, he held the position as the company's executive chairman since 2004. The board of directors wishes to express its gratitude to Bjarte Bruheim for his valuable contribution to the company through many years.
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EMGS reports second quarter 2015 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. Contract sales ended at USD 4.8 million, while sales from the multi-client library ended at USD 7.3 million.
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EMGS reports multi-client sales from Barents Sea and Norwegian Sea
EMGS has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library over the Barents Sea and the Norwegian Sea worth USD 1.6 million.
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Presentation and webcast of second quarter 2015 results
Electromagnetic Geoservices ASA (EMGS) will release its second quarter 2015 results on Thursday, 20 August 2015.