Oslo-listed Electromagnetic Geoservices (EMGS) is teaming up with Canadian player Ocean Floor Geophysics (OFG) to promote the use of controlled-source electromagnetic data acquisition to pinpoint exploration prospects.

The pair have agreed to work together on bringing to fruition such projects under a newly signed co-operation pact as EMGS has seen its revenue and fleet utilisation slashed by industry cutbacks on geophysical work related to exploration.

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