Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an international oil company worth US1.8 million for the provision of 3D EM data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil.
The basin is at the western portion of the Brazilian equatorial margin, alongside the coast of the Amapá and Pará States. It occupies an area of approximately 261,170sq km, including the continental platform, slope and deepwater region, to the boundary between continental and oceanic crust.
"This sale is an indication of the sales potential of our multi-client data in this basin. We see the equatorial margin as an exciting and large region for the EM technology going forward," says Roar Bekker, CEO of EMGS.
The data will be delivered in December 2014 and EMGS will book the sales in Q4 2014.
Last week, EMGS informed all license holders of EMGS data from the Norwegian territorial waters that the Norwegian Petroleum Directorate (NPD) had requested access to (i) all CSEM inversion data owned by EMGS acquired in the Norwegian territory from 2008 through 2014 and (ii) the CSEM data to be acquired in the Tiddly and Nordkapp basins in 2015, with reference to the petroleum regulation of 18 June 2001.
The NPD will treat the data as confidential for 20 years from when the data was inverted by EMGS, in accordance with the petroleum regulations of 27 June 1997.
The NPD has received the data with full user rights. EMGS’s 3D EM multi-client data library includes approximately 42,000sq km in the Barents Sea, including areas relevant for applications in the 23rd licensing round, in addition to approximately 10,000sq km in the Norwegian Sea and 1400sq km in the North Sea.