Electromagnetic Geoservices

Trondheim, Norway Founded: 2002 • Age: 24 yrs
3D electromagnetic data provider for offshore oil and gas exploration
Annual revenue - Latest available
Total funding $30.0M 1 rounds
Employees 16 Tracked headcount
Investors - Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About Electromagnetic Geoservices

Electromagnetic Geoservices is a company based in Trondheim (Norway) founded in 2002. Electromagnetic Geoservices has raised $30 million across 1 funding round. The company has 16 employees as of December 31, 2021. Electromagnetic Geoservices offers products and services including CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library. Electromagnetic Geoservices operates in a competitive market with competitors including Petroleum Geo Services, Acceleware, MicroSeismic, Wireless Seismic and ION Geophysical, among others.

  • Headquarter Trondheim, Norway
  • Employees 16 as on 31 Dec, 2021
  • Sectors
    Energy & Utilities
  • Email
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  • Phone
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  • Website
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  • Legal Name Electromagnetic Geoservices Asa
Operational Areas
Energy & Utilities → Oil & Gas Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $30 M (USD)

    in 1 rounds

  • Latest Funding Round
    $30 M (USD), Series A

    Jun 22, 2010

  • Investors
    Not available
  • Employee Count
    16

    as on Dec 31, 2021

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Products & Services of Electromagnetic Geoservices

Electromagnetic Geoservices offers a comprehensive portfolio of products and services, including CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library.

Product name locked
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Primary

Service for acquiring electromagnetic data in marine environments

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Method for collecting geophysical data using magnetotellurics

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Tools for processing and inverting electromagnetic survey data

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Access to shared geophysical data for exploration purposes

People of Electromagnetic Geoservices

Headcount 200-500
Employee Profiles 17
Board Members and Advisors 2
Employee Profiles
People
Dag Helland-Hansen
EVP Global Sales And Markting
People
Anders Eimstad
Chief Financial Officer
People
Bjørn Petter Lindhom
CEO
People
Atle Johan Bull Lund
VP Global Operations

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Board Members and Advisors
people
Frederik W. Mohn
Chairman
people
Jørgen Westad
Board Member

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Funding Insights of Electromagnetic Geoservices

Electromagnetic Geoservices has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in June 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investments & Acquisitions by Electromagnetic Geoservices

Investments
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Investment portfolio details for Electromagnetic Geoservices

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Financial Statements - Electromagnetic Geoservices

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Electromagnetic Geoservices Comparisons

Electromagnetic Geoservices Primary company
Description
3D electromagnetic data provider for offshore oil and gas ex...
Location
Trondheim, Norway
Founded Year
2002
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
16
As of 2021
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Peer comparison for Electromagnetic Geoservices

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Competitors of Electromagnetic Geoservices

Electromagnetic Geoservices operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Petroleum Geo Services, Acceleware, MicroSeismic, Wireless Seismic and ION Geophysical, among others.

Company Name Domain Founded year HQ Location Description
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Provider of marine-focused geophysical services
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Seismic imaging software and enhanced oil recovery solutions are provided.
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Microseismic monitoring services for hydrocarbon exploration and production are provided.
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Developers of wireless seismic recording systems
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AI-driven seismic solutions are provided for oil and gas exploration.
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Seismic data is analyzed and processed for hydrocarbon identification.
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Detailed competitors of Electromagnetic Geoservices

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Latest news on Electromagnetic Geoservices

Result of written resolution by bondholders
GlobeNewswire3 months ago
Notice of written resolution by bondholders
GlobeNewswire3 months ago
Change to financial reporting schedule
GlobeNewswire3 months ago
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Frequently Asked Questions about Electromagnetic Geoservices

Electromagnetic Geoservices was founded in 2002 and raised its 1st funding round 8 years after it was founded.

Electromagnetic Geoservices is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.

Electromagnetic Geoservices is a funded company, having raised a total of $30M across 1 funding round to date.

As of Dec 31, 2021, the latest employee count at Electromagnetic Geoservices is 16.

Electromagnetic Geoservices was founded in 2002 in Trondheim, Norway, and operates in the offshore oil and gas exploration sector. 3D electromagnetic data is supplied to support exploration activities. Services include the Inversion tool for depth-conversion and geo-model testing, as well as EMU for electromagnetic surveying simulations and technical assessments. Data insights are offered on portfolio polarization, hydrocarbon levels, well placement, and exploration decision-making.

Electromagnetic Geoservices's top competitors include Petroleum Geo Services, Acceleware and MicroSeismic.

Electromagnetic Geoservices offers CSEM Data Acquisition, MT Data Acquisition, EM Processing Software, and Multi-Client Library.

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