Shell and EMGS launch Joint Industry Project
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) and Shell have entered into a Joint
Industry Project (JIP) to plan and design the next generation of 3D EM
equipment. Over the next six months the two companies will, in close
collaboration, conduct a feasibility study that includes laboratory tests,
design solutions, specifications and a project plan for the development of the
next generation of source, receivers and positioning system.
"Customer-driven product development is at the heart of our technology strategy.
As the clear technology and market leader, we have a commitment to lead the way
on tomorrow's EM system. We are delighted to team up again with Shell, one of
the most experienced users of EM technology," says Roar Bekker, EMGS chief
executive officer.
Shell was one of the first companies to realise the potential of integrating EM
with seismic and other data, and the company has contracted for approximately
100 EM surveys over the last eight years.
"We are very pleased to be working with EMGS to take CSEM, already a significant
exploration technology for Shell, to the next level. We believe the next-
generation system will at least double the number of hydrocarbon prospects we
can evaluate with EM," says Mark Rosenquist, EM Team Lead at Shell Exploration
and Production Inc, Exploration Research.
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)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1474064]
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2010 - 09:59 Uhr
Sprache: Deutsch
News-ID 49878
Anzahl Zeichen: 3295
contact information:
Town:
Trondheim
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 420 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Shell and EMGS launch Joint Industry Project"
steht unter der journalistisch-redaktionellen Verantwortung von
EMGS (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
