Norway: Major Player Joins EMGS, Shell in Developing Cutting Edge 3D EM System

Electromagnetic Geoservices ASA (EMGS)  announces that a major international oil company has joined EMGS and Shell in a joint industry project (JIP) to plan and design the next-generation 3D EM system.

“We are delighted that yet another customer with extensive EM experience has joined the JIP,” says Roar Bekker, EMGS chief executive officer. “Both Shell and the new partner are early adopters of EM technology, and we value input from two companies with such wide-ranging experience in the use of integrated EM data.”

The ongoing feasibility study includes laboratory tests, design solutions, specifications and a project plan for the development of the next generation of source, receivers and positioning system.

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;

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Source:EMGS , April 7, 2011;