Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has received industry funding for a joint project to accelerate the use of 3D EM data in exploration and production. The EDDA project involves acquiring state-of-the-art 3D EM data over known fields on the Norwegian Continental Shelf.
Data acquisition over the Linerle and Valkyrie fields has already started using EMGS's mobile acquisition set deployed on the vessel Siem Mollie. The vessel will subsequently acquire data over the Snøhvit field, and it is expected that this survey will be completed by the end of September.
Roar Bekker, EMGS chief executive officer, commented:
"EMGS has, over the last three years, developed new-generation 3D EM technology. This has triggered customer demand for high-quality, open 3D EM datasets that can be used to calibrate and integrate other geophysical data from well-documented fields.
"Data from this campaign will enable participating customers to develop the use of 3D EM data in various scenarios, from early exploration to improved oil recovery. It is, therefore, an important step in enhancing commercial adoption of our 3D EM technology. We are delighted that this project has generated considerable industry interest."
Contact
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
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 uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. The company is the EM market leader, and provides Clearplay, the world's first fully integrated EM system.
EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. The company is the EM market leader, and provides Clearplay, the world's first fully integrated EM system.
Three service offerings - Clearplay Find, Test and Evaluate - have been designed to assist operators in the exploration and production phase. Clearplay supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The 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 operates the world's first purpose-built 3D EM vessel fleet and 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. Please visit
www.emgs.com for more information.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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