Joint Fugro-EMGS survey for Woodside
(Thomson Reuters ONE) -
Fugro has been awarded a CSEM contract by Woodside, Australia's largest
publically traded hydrocarbon exploration and production company. The
acquisition part of this contract, which is worth in excess of USD 2 million,
will be subcontracted to Electromagnetic Geoservices ASA. The survey will take
place on the North West Shelf offshore Australia in the fourth quarter of 2010
using the 3D EM vessel BOA Galatea.
Fugro and EMGS look forward to executing the first proprietary contract under
the Fugro-EMGS alliance and jointly adding value to Woodside's exploration
program in this highly prospective area.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About the Fugro-EMGS alliance
In April 2009, EMGS and Fugro entered into a global cooperation agreement aimed
at establishing marine EM as a standard tool for the oil and gas explorationist.
Under the terms of the agreement, Fugro has full access to EMGS's marine EM
methods for hydrocarbon exploration and production, and EMGS has full access to
Fugro's worldwide marketing network and marine operating expertise.
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The company's 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 has conducted more than 500 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 for more information.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1445931]
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Source: EMGS via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2010 - 08:08 Uhr
Sprache: Deutsch
News-ID 42910
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contact information:
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Kategorie:
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