EMGS and Schlumberger announce EM industry deal
(Thomson Reuters ONE) -
EMGS and Schlumberger have announced the intention to enter into a cooperative
agreement effective from 3 January 2012 in which the parties will offer to the
industry their respective expertise in the marine electromagnetic related fields
of processing, advanced modelling and earth model building.
Schlumberger will immediately withdraw from the on-going patent disputes in the
United Kingdom, The Netherlands and the European Patent Office.
Schlumberger and EMGS have further entered into a cross-licence of patents
relevant to the CSEM acquisition business.
"We look forward to building on both companies' strengths and are hopeful that
this agreement will enhance the adoption of EM technology," says Roar Bekker,
EMGS chief executive officer. "Furthermore, our combined service offerings will
provide the global oil and gas industry with improved integration capabilities
and accelerate the growing portfolio of EM applications."
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 600 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
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1571599]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2011 - 16:03 Uhr
Sprache: Deutsch
News-ID 97674
Anzahl Zeichen: 2881
contact information:
Town:
Trondheim
Kategorie:
Business News
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"EMGS and Schlumberger announce EM industry deal"
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