Electromagnetic Geoservices ASA 2020 AR2
The report highlights Electromagnetic Geoservices ASA's (EMGS) activities and financial performance for the fiscal year 2020. During the year, EMGS faced significant market challenges due to the Covid-19 pandemic and project cancellations, leading to a transition to a low-cost setup and restructuring measures. Despite these challenges, the company released the industry's first TTI 3D Gauss-Newton inversion product, enhancing image quality for CSEM data. EMGS also continued its focus on cost optimization and maintained its technological leadership in marine electromagnetic surveying.
Company: Electromagnetic Geoservices ASA
Sector: Energy
Country: Norway
Year: 2020
Type: AR2
Pages: 100
Electromagnetic Geoservices ASA
Annual Report
The report highlights Electromagnetic Geoservices ASA's (EMGS) activities and financial performance for the fiscal year 2020. During the year, EMGS faced significant market challenges due to the Covid-19 pandemic and project cancellations, leading to a transition to a low-cost setup and restructuring measures. Despite these challenges, the company released the industry's first TTI 3D Gauss-Newton inversion product, enhancing image quality for CSEM data. EMGS also continued its focus on cost optimization and maintained its technological leadership in marine electromagnetic surveying.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees