EMGS secures buyer for offshore Newfoundland 3D data

Offshore staff

TRONDHEIM, NorwayElectromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an unnamed major oil company.

This concerns provision of 3D electromagnetic (EM) data from EMGS’ multi-client data library over the Flemish Pass basin offshore Newfoundland, acquired during 2014. The value of the agreement is $3.9 million.

EMGS CEO Christiaan Vermeijden claimed the agreement “represents a breakthrough for the application of our technology in this region.

“The offshore basins of Newfoundland are largely underexplored and the use of 3D EM data will aid companies in developing a better understanding of the basin’s complex geological structures and its hydrocarbon potential.”

05/24/2016

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 ...