Joint Fugro-EMGS to Conduct Survey for Woodside, Offshore NW Australia

Fugro has been awarded a CSEM contract by Woodside, Australia’s largest publically traded hydrocarbon exploration and production company.

The acquisition part of this contract, which is worth in excess of USD 2 million, will be subcontracted to Electromagnetic Geoservices ASA. The survey will take place on the North West Shelf offshore Australia in the fourth quarter of 2010 using the 3D EM vessel BOA Galatea.

Fugro and EMGS look forward to executing the first proprietary contract under the Fugro-EMGS alliance and jointly adding value to Woodside’s exploration program in this highly prospective area.

About the Fugro-EMGS alliance

In April 2009, EMGS and Fugro entered into a global cooperation agreement aimed at establishing marine EM as a standard tool for the oil and gas explorationist. Under the terms of the agreement, Fugro has full access to EMGS’s marine EM methods for hydrocarbon exploration and production, and EMGS has full access to Fugro’s worldwide marketing network and marine operating expertise.

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.

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Source: EMGS,September 22, 2010,