Electromagnetic Geoservices (EMGS) has announced that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of US$ 4.1 million.
A letter of award has been announced and signed by Electromagnetic Geoservices (EMGS), worth approximately US$15.3 million, with a repeat customer in India. The survey, which is located off the eastern coast of India, is expected to start in early January 2016 by the vessel BOA Thalassa…
Electromagnetic Geoservices EMGS signed a US$7 million contract extension with an oil company in Malaysia. The vessel BOA Thalassa commenced the extension of the survey on 21 October, and expected duration of the survey is approximately 1…
Farstad Shipping’s Norwegian operations are taking a hit as the company sets to lay up five vessels, and lay off about 100 employees that is due to the further weakening of the offshore market. The Far Sleipner…
Electromagnetic Geoservices ASA (EMGS) is extending its cost reduction plans by removing another vessel from its fleet, and reducing staffing levels in a move that will reduce operation costs by up to US$35 million annually, and $70 million for 2015…
Electromagnetic Geoservices ASA (EMGS) signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two-year permit to acquire 3D EM multi-client data within a 325,000sq km area off West coast India…
Electromagnetic Geoservices (EMGS) has received a letter of award (LOA) for a contract worth approximately US$4.2 million from an oil company for 3D EM data acquisition over their operated area in Malaysia. The two parties have entered into a two-year contract…
Dolphin Geophysical has commenced the East Campeche 2D long offset multi-client survey in Mexico, utilizing the M/V Artemis Arctic. The licensed approved 19,597 line-km survey is well positioned towards the recent Mexican announced five-year…
Mexico's Comisión Nacional de Hidrocarburos (CNH) authorized permits for Electromagnetic Geoservices (EMGS) to acquire about 88,000sq km of 3D electromagnetic (EM) multi-client data over a five-year period off Southern Mexico. SENER’s…
Electromagnetic Geoservices (EMGS) entered into two new data licensing agreements for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The agreements are worth a total of US$2 million. The multi-client revenues will be booked in the 2Q 2015…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
Petróleos Mexicanos (PEMEX) discovered four new shallow water fields offshore Mexico with the potential to produce at least 200,000 b/d of crude oil and 170 Bcf/d of gas. Map of shallow water discoveries off Campeche and Tabasco…
Electromagnetic Geoservices (EMGS) will return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D electromagnetic (EM) acquisition that was part of a 2013 contract between the two companies. The BOA Galatea…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…
Norway-based geophysical services company Electromagnetic Geoservices ASA (EMGS) says it is going to appeal a Court decision over its Towed Streamer EM patent. The firm had issued a claims against Petroleum Geo-Services (PGS) in the High Court of Justice…
