Norwegian Petroleum Directorate has requested access to all inverted EM data acquired by EMGS

Norwegian Petroleum Directorate has requested access to all inverted EM data acquired by EMGS

EMGS has informed all license holders of EMGS data from the Norwegian territorial waters that the Norwegian Petroleum Directorate (NPD) has requested access to (i) all CSEM inversion data owned by EMGS acquired in the Norwegian territory from 2008 through 2014 and (ii) the CSEM data to be acquired in the Tiddly and Nordkapp basins in 2015, with reference to the petroleum regulation of 18 June 2001.

The NPD will treat the data as confidential for 20 years from when the data was inverted by EMGS, in accordance with the petroleum regulations of 27 June 1997.

The NPD has received the data with full user rights. EMGS’s 3D EM multi-client data library includes approximately 42,000 km2 in the Barents Sea, including areas relevant for applications in the 23rd licensing round, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.

Contacts

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

Charlotte Knudsen, EMGS head of investor relations, +47 975 61 959