EMGS Provides Update on Framework Contract for Multi-Client Data

Source: www.gulfoilandgas.com 8/12/2021, Location: Europe

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 25 June 2021 wherein the Company announced that it had entered into a framework contract with an existing customer for licensing of multi-client data from the Company's international multi-client library.

EMGS is pleased to announce that the customer has now confirmed that they will license data under the framework contact worth approximately USD 2.5 million, which will be recognized as revenue in the 3rd quarter.


Australia >>  8/5/2022 - OCTIO, a subsidiary of Reach Subsea ASA (“Reach”), has secured a multi-year geophysical monitoring frame contract with an operator offshore Australi...
United Kingdom >>  7/20/2022 - AIM-listed UK Oil & Gas (UKOG) has announced operational updates in respect of its key Turkiye and Portland Hydrogen/Energy Hub projects, together wit...

United States >>  7/20/2022 - The OBX-750E seabed ocean bottom wireless seismic data gathering nodes will be rented by SAExploration, a global provider of marine geophysical servic...
Norway >>  7/15/2022 - PGS and deepC Store Limited (“dCS”) have entered into a Subscription Agreement (“Agreement”) for dCS to issue shares to PGS in exchange for PGS provid...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.