EMGS Enters into Data Licensing Agreement in Barents Sea

Source: www.gulfoilandgas.com 12/17/2014, Location: Europe

EMGS has entered into a data licensing agreement worth USD 7.1 million with an oil company for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. "This sale is yet another confirmation of the increased recognition of the importance of EMGS's EM data in the Barents Sea," says Roar Bekker, CEO of EMGS.

The data will be delivered in December 2014 and EMGS will therefore book the full USD 7.1 million as late sales in the fourth quarter 2014.

EMGS's multi-client data library in the Barents Sea now covers 42,000 km2, in addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the North Sea.


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

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