News
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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.
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EMGS reports multi-client sales from its Barents Sea library
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has entered into a new data licensing agreement with an oil company for the provision of 3D EM data from the multi-client data library over the Barents Sea worth USD 3.3 million, whereas EMGS will receive USD 1.7 million net after adjustment for partner's share of revenues.
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EMGS continues to work for PEMEX in Mexico
Electromagnetic Geoservices ASA (EMGS) has received a letter from PEMEX to return for 3D EM acquisition in Mexico. The vessel BOA Galatea is expected to re-start the work for PEMEX. The order is confirming a continuation of the existing contract for PEMEX, announced on 27 June 2013.
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EMGS reports first quarter 2015 results
EMGS recorded revenues of USD 32.3 million in the first quarter 2015, down from USD 52.5 million in the fourth quarter 2014 and from USD 61.3 million in the first quarter last year. Contract sales totaled USD 22.1 million, while multi-client sales were at USD 10.2 million this quarter. The Company had an EBITDA of USD 7.2 million and a net loss of USD 1.1 million.
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EMGS unveils opportunities for 23rd round acreage at Hydrocarbon Habitats seminar
21 April at the Hydrocarbon Habitats No. 1 seminar in Stavanger, EMGS's Stein Fanavoll presented a talk titled "3D seismic and CSEM data provide new opportunities in the 23. round acreage".