Norwegian electromagnetic seismic player EMGS said it expects to report Q3 revenues of approxi- mately US $42m, and EBITDA of around US $7m. The figures are below market expectations mainly due to lower-than-expected multi-client sales, the previously announced cancellation of a $7m contract in Asia and proof of concept sur- veys designed to expand the application of 3D EM into new market segments, the company said.
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