Electromagnetic Geoservices ASA Provides Update on Framework Contract for Multi-Client Data
August 12, 2021 at 11:00 am EDT
On 25 June 2021, Electromagnetic Geoservices ASA announced that it had entered into a framework contract with an existing customer for licensing of multi-client data from the Company's international multi-client library. EMGS announced that the customer has now confirmed that they will license data under the framework contact worth approximately USD 2.5 million, which will be recognized as revenue in the third quarter.