EMGS has entered into a data licensing agreement worth USD 1.8 million with an international oil company for the provision of 3D EM data from a portion of the EMGS’s multi-client data library in Foz do Amazonas in Brazil.
“This sale is an indication of the sales potential of our multi-client data in this basin. We see the equatorial margin as an exciting and large region for EM technology going forward,” says Roar Bekker, CEO of EMGS.
The data will be delivered in December 2014 and EMGS will therefore book the sales in the fourth quarter 2014.
Svein Knudsen, Chief Financial Officer +47 911 41 149