EMGS in 3D EM Barents Sea data sale, CFO leaving

Norway’s Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with a new client for the provision of 3D EM data.

The deal is for the data from the multi-client data library over the Barents Sea, and is worth $2.8 million.

In a press release on Wednesday, EMGS said it would receive $1.6 million net after adjustment for partner’s share of revenues.

EMGS did not disclose the name of the company it has entered into agreements with.

CFO leaving

In a separate statement on Wednesday, EMGS announced that Svein Knudsen, the company’s Chief Financial Officer (CFO), has tendered his resignation.

Knudsen has held the position as CFO of EMGS since January 2005.

Prior to joining EMGS in January 2005, Knudsen served as vice president of finance and treasury with Norway-headquartered Petroleum Geo-Services ASA (PGS) from March 1994.

Stig Eide Sivertsen, CEO of EMGS said: “Svein and I go way back, and he has been an instrumental part of the EMGS history since 2005. I regret that he has chosen to pursue other endeavors outside EMGS.”

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply