Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into a late-sales multi-client licensing agreement related to its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately USD 1.7 million.

The majority of the revenue will be recognised in the second quarter of 2020.

Anders Eimstad, EMGS Interim Chief Financial Officer, +47 948 25 836