An unnamed international oil company has signed a $1.5m data licensing agreement with Electromagnetic Geoservices (EMGS) to use the Oslo-listed company’s 3D electromagnetic (EM) data at a project in the US Gulf of Mexico.
The data from EMGS’ multi-client data library will be used at the Daybreak project, located in the west of the Gulf.
“The Daybreak data set is bordering Mexico’s Perdido offshore oil province, and we find it encouraging that sales also are emerging from cross-border exploration strategies in this region,” Juan M. Santana, EMGS president – NSA, said in a statement.
EMGS completed its 3D EM survey of around 80 blocks in the Alaminos Canyon protraction of the US Gulf of Mexico during 2014.