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EMGS Awarded $2.5m in Barents Sea Data Sale

Source: www.gulfoilandgas.com 1/30/2015, Location: Europe

Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. The agreement is worth USD 2.5 million, before potential adjustment for partner's share of revenues.

EMGS's multi-client data library in Norway covers 44,000 km2 in the Barents Sea, 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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