Electromagnetic Geoservices (EMGS) has signed a data licensing agreement with a customer worth US$3.5 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea.
"It satisfying to note that our multi-client library continue to provide value for new and existing clients in the Barents Sea. An increased acceptance of EM as a value adding exploration tool in the region, and our vast coverage coupled with customer's success, bode well for the future" says CEO Roar Bekker.
EMGS' multi-client data library in the Barents Sea now covers 42,000sq km, in addition to approximately 10,000sq km in the Norwegian Sea and 1400sq km in the North Sea.