ElectroMagnetic GeoServices ASA (DE:E2M) has released an update.
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Electromagnetic Geoservices ASA (EMGS) announced additional prefunding for a seismic survey in the Barents Sea, bringing the total contract value to approximately USD 1.5 million, in partnership with Velocitas Geo Solutions. EMGS also secured a total prefunding of USD 3.2 million for an electromagnetic acquisition project in Norway. The company specializes in using electromagnetic technology to aid oil and gas explorations, contributing to more efficient exploration and reduced risks.
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