17 December, EMGS signed another data licensing agreement with an international oil company, worth USD 3.3 million for the provision of 3D EM data from EMGS’s multi-client data library in the Barents Sea.
After adjustment for partner’s share of the revenues, EMGS net revenue from the sale will amount to approximately USD 1.7 million.
In addition, EMGS has also entered into some smaller agreements, worth a total of USD 2.4 million, whereof EMGS’s net revenue will amount to USD 1.8 million.
Svein Knudsen, Chief Financial officer +47 911 41 149
Charlotte Knudsen, Head of investor relations, +47 975 61 959