EMGS Inks Acquisition Agreement with DGH in India
Electromagnetic Geoservices ASA (EMGS) has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India.
The agreement grants EMGS a two year permit to acquire 3D EM multi-client data within a 325,000 square km area off West coast India, crossing eight different tectonic provinces from Kutch-Saurashtra in North to Ratnagiri in South.
The agreement also gives the DGH access to EMGS’ 3D EM multi-client data acquired going forward within the permitted area.
“We are encouraged by the Directorate’s interest in how the use of our technology can improve the understanding of the sub-surface and reduce drilling risk in the defined areas. Some of the proposed areas are very challenging to explore due to the presence of basalt from lava flows that created the DeccanTraps. We believe our EM technology can play an important role in the improvement of sub-basalt imaging in these areas,” says Stig Eide Sivertsen, CEO of EMGS.
In conjunction with oil companies in India, EMGS has identified 8 potential survey areas to evaluate different geologic scenarios within the permit area.