Electromagnetic Geoservices ASA (EMGS) has entered a data licensing agreement with a repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea, the company said in a news release.
The pre-funding amounts to US $1 million.
Plans are for the new acquisition, which will become part of the company’s multiclient library, to occur in third-quarter 2016.
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