Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data from EMGS’s multi-client data library in the Barents Sea. The agreement is worth approximately USD 3 million.
The data will be delivered in March 2015 and EMGS will therefore book the full amount as late sales in the first quarter 2015.
Contacts
Charlotte Knudsen, Head of investor relations, +47 97561959