EMGS awarded 3D EM survey offshore Greenland
(Thomson Reuters ONE) - Electromagnetic Geoservices ASA (EMGS) has been awarded a contractworth about USD 4 million by the Cairn Energy group through itssubsidiary Capricorn and its joint venture partner Nunaoil, toperform a 3D electromagnetic (EM) survey in the Disko West areaoffshore Greenland.The survey is due to start around 25 August and will be performedusing the newly launched, purpose-built 3D EM vessel BOA Galatea.This vessel is currently completing a survey worth about USD 1million for a customer in Norway.Roar Bekker, EMGS chief executive officer, commented:"The Arctic regions of Greenland are increasingly recognised as amajor remaining source of undiscovered hydrocarbons, and Cairn Energyhas established a leading acreage position in this promising frontierarea. We are confident that our EM data, combined with othergeological and geophysical information, will greatly enhance theunderstanding of the West Greenland basin and its potential forhydrocarbons."A photo of EMGS's vessel BOA Galatea can be downloaded by clicking onthe following link:http://hugin.info/137402/R/1334074/316524.jpgContactsRoar Bekker, EMGS chief executive officer, +47 73 56 88 10Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00About EMGSEMGS uses its proprietary electromagnetic (EM) technology to supportoil and gas companies in their search for offshore hydrocarbons. Thecompany is the EM market leader, and provides Clearplay, the world'sfirst fully integrated EM system.Three service offerings - Clearplay Find, Test and Evaluate - havebeen designed to assist operators in the exploration and productionphase. Clearplay supports each stage in the workflow, from surveydesign and data acquisition to processing and interpretation. Theservices enable integration of EM data with seismic and othergeophysical and geological information to give explorationists aclearer and more complete understanding of the subsurface. Thisimproves exploration efficiency, and reduces risks and the findingcosts per barrel.EMGS operates the world's largest EM survey vessel fleet and hasconducted more than 400 surveys to improve drilling success ratesacross the world's mature and frontier offshore basins. The companyoperates on a worldwide basis with main offices in Trondheim andStavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Pleasevisit www.emgs.com for more information.About CairnCairn Energy PLC ("Cairn") is an Edinburgh-based oil and gasexploration and production company listed on the London StockExchange. Cairn's exploration acreage position in Greenland is heldthrough its 90% owned international exploration subsidiary Capricorn.A total of six offshore blocks were acquired during 2008.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.08.2009 - 08:15 Uhr
Sprache: Deutsch
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