Offshore staff

TRONDHEIM, Norway –Electromagnetic Geoservices ASA (XOSL:EMGS) has signed a data-licensing agreement for $8 million that covers its complete 3D EM multi-client data library of the Norwegian continental shelf.

EMGS’s data library in the Barents Sea will cover 22,000 sq km (8,494 sq mi), or 69 blocks, upon completion of this year’s program.

The agreement with an unnamed oil and gas company includes pre-funding on EMGS’ ongoing Barents Sea program, and late sales of previously acquired 3D EM data.

6/26/2012