EMGS, TGS expands Barents agreement

Electromagnetic Geoservices (EMGS) and TGS-NOPEC Geophysical (TGS) have agreed to expand the companies' cooperation agreement in the Barents Sea. 

TGS will be investing in a 3D CSEM data acquisition project related to the 24th licensing round in Norway. The contribution from TGS will be booked as a reduction of the carrying value of EMGS' multi-client library.

In addition, EMGS reports late sales of multi-client data in Norway.

The above agreements total US$2 million. This will be recognized in Q1 2017.

Current News

Ørsted Strengthens Offshore Wind Position in South Korea

Ørsted Strengthens Offshore Wi

Eolink's 5MW Floating Wind Turbine Starts Taking Shape in Brest

Eolink's 5MW Floating Wind Tur

Enhanced Drilling Wins Equinor Contract for Norwegian Ops

Enhanced Drilling Wins Equinor

Perenco Spuds Appraisal Well Offshore Gabon

Perenco Spuds Appraisal Well O

Subscribe for OE Digital E‑News

Offshore Engineer Magazine