The Oslo-listed player said it expects third-quarter multi-client revenue of $4 million after recording the $2 million sale in the Barents off Norway where explorers are targeting acreage awarded earlier this year in the country’s 23rd licensing round.
However, EMGS saw fleet utilisation of only 52% in the third quarter, versus 63% a year ago, from sole operating vessel Atlantic Guardian that is set to wrap up a multi-client project in the Barents early this month, with no apparent further work in view.
The
