EMGS awarded Shetland survey by TOTAL and DONG
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA today signed a contract worth approximately USD
1.5 million with Total E&P UK Ltd and DONG Energy to acquire 3D electromagnetic
(EM) data in the West of Shetland area on the UK Continental Shelf. Total has
established a significant portfolio of exploration and development interests in
this area and the 3D EM data acquired by EMGS will be used to de-risk a
hydrocarbon prospect.
The 3D EM survey has already started using EMGS's mobile acquisition set
deployed from the vessel Siem Mollie, thereby extending the charter on this
vessel from 1 to 21 October.
Roar Bekker, EMGS chief executive officer, commented: "We are delighted to
continue our relationship with Total. The new direct contract award follows a
successful 3D EM survey in 2009. The previous survey evaluated its mature North
Sea Frigg field to facilitate decommissioning decisions. The two contracts
demonstrate the value, which companies such as Total recognise, that EMGS can
deliver across the exploration and production life cycle."
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
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)
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Source: EMGS via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2010 - 15:19 Uhr
Sprache: Deutsch
News-ID 44367
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Kategorie:
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