EMGS Reports $1.6m Multi-client Sales

Electromagnetic Geoservices (EMGS) reported multi-client sales from Barents Sea and Norwegian Sea

 

Marine controlled-source electromagnetic (CSEM) data provider EMGS informs it has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library over the Barents Sea and the Norwegian Sea worth $1.6 million.

 

The multi-client revenues, which are a combination of prefunding and late sales, will be booked in the third quarter of 2015.