EMGS, TGS to Jointly Develop North-Western Europe Projects

Electromagnetic Geoservices ASA (EMGS) and TGS have signed a cooperation agreement to develop joint multi-client projects in defined areas of north-western Europe.

With this agreement, EMGS will be given access to TGS’s 2D seismic data as the basis for planning new 3D controlled-source electromagnetic (CSEM) projects, while TGS obtains access to 2D/3D CSEM data to design and acquire new 3D seismic projects.

“This agreement underpins our strategy to integrate 3D EM with seismic data in the exploration workflow and provides further evidence of increased industry recognition of our technology. We look forward to developing projects with TGS and expanding our multi-client footprint,” said Roar Bekker, CEO of EMGS.

[mappress]

Press Release, May 23, 2013