EMGS gains from Barents Sea license offers

Offshore staff

TRONDHEIM, NorwayEMGS says it expects to benefit from the Norwegian government’s recent decision to award 10 production licenses to 13 companies under Norway’s 23rd licensing round.

All 10 licenses are in the Barents Sea, with three in the newly opened southeastern Norwegian Barents Sea.

The awards should deliver EMGS around $9.5 million in data-licensing agreements related to its multi-client library covering the Barents Sea.

05/31/2016

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...