EMGS builds sales of northwest Europe frontier data

Offshore staff

TRONDHEIM, NorwayElectromagnetic Geoservices (EMGS) has signed a data licensing agreement valued at $6.4 million.

The company will provide 3D controlled-source electromagnetic and magnetotelluric data from its multi-client data library over the Norwegian Sea.

EMGS has almost $15 million of multi-client sales from its basalt mapping program in the west of Shetland area and over production licenses 598 and 527 in the Norwegian Sea.

In addition, the company has initial pre-funding for the first phase of its 2013 Barents Sea multi-client survey program, covering about 3,000 sq km (1,158 sq mi) of 3D EM data over the western Bjarmeland platform and Fingerdjupet sub-basin.

On completion the 3D EM multi-client data will cover around 27,000 sq km (10,425 sq mi). The Atlantic Guardian is expected to complete Phase 1 of the 2013 Barents Sea multi-client survey by the end of June.

5/03/2013

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