EMGS awarded survey by Statoil

EMGS awarded survey by Statoil

ID: 55880

(Thomson Reuters ONE) -


Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has signed
a contract with Statoil to acquire high-resolution, full-azimuth 3D
electromagnetic (EM) data for continued research purposes in the Barents Sea.
The survey will be performed by the vessel Atlantic Guardian using densely
sampled receiver grids, thereby providing high-resolution data.

Following the survey in the Barents Sea, which is expected to take approximately
twelve days, the vessel will complete its campaign of back-to-back surveys with
a work programme in the North Sea before heading to the Americas towards the end
of July.

Contacts
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 pursuant to section
5-12 of the 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
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originality of the information contained therein.

Source: EMGS via Thomson Reuters ONE

[HUG#1526150]


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Datum: 27.06.2011 - 10:25 Uhr
Sprache: Deutsch
News-ID 55880
Anzahl Zeichen: 2455

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