Gulf of Mexico agreement with Rocksource
(Thomson Reuters ONE) - Electromagnetic Geoservices ASA (EMGS) has entered into adata-licensing agreement with Rocksource, in which Rocksourcepre-committed to license newly acquired Clearplay Test EM data over anumber of prospects in the Gulf of Mexico. This agreement willgenerate fourth quarter revenues in excess of USD 2.5 million. EMGSand Rocksource are evaluating additional prospects to extend theprogram, including additional new acquisition as well as late salesof existing data library.This new program to de-risk prospects in the Gulf of Mexico is anextension of the pre-existing relationships between FOCUSExploration, Rocksource and EMGS.ContactsRoar Bekker, EMGS chief executive officer +47 73 56 88 10Svein Knudsen, EMGS chief financial officer +47 22 01 14 00Dave Ridyard, president EMGS Americas, +1 281 368 8804About 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 first purpose-built 3D EM vessel fleet andhas conducted more than 450 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.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Bereitgestellt von Benutzer: hugin
" alt="PMI Gold Corp.: OBOTAN RESOURCE VERIFICATION DRILLING STARTEDDatum: 18.11.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 8546
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