EMGS launches 21st licensing round campaign

EMGS launches 21st licensing round campaign

ID: 12339

(Thomson Reuters ONE) - Electromagnetic Geoservices ASA (EMGS) is pleased to announce the launch of amajor multi-client 3D EM campaign ahead of the 21st licensing round in Norway.This is a continuation of the highly successful Barents Sea project in 2008,which was the world's first large-scale multi-client 3D EM survey.Carl Hutchins, EMGS president multi-client group, stated:"EMGS now offers significantly improved imaging and integration tools, and ourpurpose-built 3D EM vessels mean that we can cost-effectively deliver denselysampled regional coverage for the 21st licensing round."The 3D EM program will reveal valuable information related to the prospectivityof the survey areas. This will give bidders a competitive advantage during thelicensing round, and will help to target their exploration resources moreeffectively."ContactsRoar Bekker, EMGS chief executive officer, +47 73 56 88 10Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00Carl Hutchins, EMGS president multi-client group +1 713 819 4883About EMGSEMGS uses its proprietary electromagnetic (EM) technology to support oil and gascompanies in their search for offshore hydrocarbons. The company is the EMmarket leader, and provides Clearplay, the world's first fully integrated EMsystem.Three service offerings - Clearplay Find, Test and Evaluate - have been designedto assist operators in the exploration and production phase. Clearplay supportseach stage in the workflow, from survey design and data acquisition toprocessing and interpretation. The services enable integration of EM data withseismic and other geophysical and geological information to give explorationistsa clearer and more complete understanding of the subsurface. This improvesexploration efficiency, and reduces risks and the finding costs per barrel.EMGS operates the world's first purpose-built 3D EM vessel fleet and hasconducted more than 450 surveys to improve drilling success rates across theworld's mature and frontier offshore basins. The company operates on a worldwidebasis with main offices in Trondheim and Stavanger, Norway; Houston, USA; andKuala Lumpur, Malaysia. Please visitwww.emgs.com for moreinformation.This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1383253]



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Bereitgestellt von Benutzer: hugin
Datum: 11.02.2010 - 08:13 Uhr
Sprache: Deutsch
News-ID 12339
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