Electromagnetic Geoservices (EMGS) has signed its final contracts with Equinor Energy in a deal worth around $8m.
Under the deal, Equinor will license Barents Sea, Norwegian Sea and North Sea data from EMGS’s existing multi-client library in Norway.
The Norwegian energy producer will also prefund a new multi-client data acquisition project in an unspecified area of the North Sea.
The contracts follow a multi-client letter of intent (LOI) signed between the two companies in late February.
