EMGS clinches multi-client contract

Offshore survey service provider Electromagnetic Geoservices (EMGS) has entered into a $8m multi-client contract with an undisclosed customer.

Under the contract, the customer will license certain data from the company’s existing EM multi-client library in Norway and settle future potential uplift obligations towards the company for certain multi-client data already licensed by the customer.

The contract furthermore includes a number of user licenses to the company’s proprietary EMU and SBLwiz software, and prepayment for consulting services.

The company expects that the full contract value will be recognized in the fourth quarter.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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