EMGS awarded contract worth USD 7.5 million
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth USD
7.5 million to provide 3D electromagnetic (EM) data acquisition, processing and
interpretation services for a repeat customer. The survey is expected to
commence in the third quarter of 2010, subject to vessel availability.
This is the second part of a global 3D EM campaign for a major oil company, the
first part of which was a Caribbean contract announced in mid-December.
Roar Bekker, EMGS chief executive officer, commented: "This major oil company
has become one of the world's leading users of 3D EM technology, and is applying
our technology strategically as an integrated part of its exploration programme
and workflow. We look forward to developing this longstanding customer
relationship further and continuing to deliver high-quality data and,
consequently, adding value to their exploration processes."
Contact
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About EMGS
EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas
companies in their search for offshore hydrocarbons. The company is the EM
market leader, and provides Clearplay, the world's first fully integrated EM
system.
Three service offerings - Clearplay Find, Test and Evaluate - have been designed
to assist operators in the exploration and production phase. Clearplay supports
each stage in the workflow, from survey design and data acquisition to
processing and interpretation. The services enable integration of EM data with
seismic and other geophysical and geological information to give explorationists
a clearer and more complete understanding of the subsurface. This improves
exploration efficiency, and reduces risks and the finding costs per barrel.
EMGS operates the world's first purpose-built 3D EM vessel fleet and has
conducted more than 450 surveys to improve drilling success rates across the
world's mature and frontier offshore basins. The company operates on a worldwide
basis with main offices in Trondheim and Stavanger, Norway; Houston, USA; and
Kuala Lumpur, Malaysia. Please visit www.emgs.com
more information.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1401333]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2010 - 09:16 Uhr
Sprache: Deutsch
News-ID 18711
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contact information:
Town:
Trondheim
Kategorie:
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