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EMGS reports prefunding for multi-client acquisition in the North Sea

01/05/2018

Electromagnetic Geoservices ASA has entered into multi-client prefunding and various service agreements. The agreements represent combined revenues to the Company of approximately USD 2.2 million.

The prefunding revenue is related to 3D CSEM multi-client data surveys in the North Sea using the DeepBlue source. The surveys are expected to be executed in Q2 and / or Q3 2018.

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