EMGS in prefunding agreement for Barents Sea survey

Norway’s Electromagnetic Geoservices (EMGS) has entered into a prefunding and late sales agreement related to 3D CSEM data surveys in the Barents Sea in Norway.

The company said on Friday that the agreement represents revenues of approximately $2.5 million and the data will be acquired during the second half of 2017.

Earlier this month, EMGS entered into prefunding agreements worth $3 million related to 3D CSEM data surveys in the Barents Sea and Norwegian Sea using conventional technology and the new Deep Blue source.

Only several days before EMGS’ Barents and Norwegian 3D CSEM deal, the company entered into various agreements with oil companies involving 3D EM data licensing worth $2.4 million.

Earlier in the year, namely March and May, EMGS won agreements with oil companies involving data licensing amounting to $9.2 million.

Offshore Energy Today Staff

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

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

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

cippe Shanghai has attracts both…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

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