Brief: Carbon Transition Signs Deal Worth USD 2.5 Mln

Fjord Defence ASA

22/12/2022 12:09

Dec 22 (Reuters) - Carbon Transition ASA  CARBN.OL :
    * CARBON TRANSITION ANNOUNCES NEW UTSIRA MULTI-CLIENT LATE
SALE
    * SIGNS  USD 2.5 MILLION (NET TO CARBON TRANSITION)
MULTI-CLIENT
SEISMIC DATA LICENSING CONTRACT
    * DEAL WITH EXISTING CUSTOMER
    * UPLIFTS WILL BE RECOGNIZED AS LATE SALES REVENUE WHEN
MILESTONES
OCCUR
    * AGREEMENT INCLUDES SIGNIFICANT ADDITIONAL UPLIFT REVENUES
RELATING TO SET MILESTONES

Source text for Eikon:  ID:nObi5sBL9a 
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