EMGS and TGS join hands for 3D multi-client EM survey in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) and TGS have signed an agreement to jointly invest in a 3D electromagnetic (EM) multi-client survey programme covering 11 blocks, or approximately 3300 km2, in the Hoop area of the Barents Sea, Thomson Reuters One reports.
The 3D EM data, which is currently being acquired by EMGS's vessel Atlantic Guardian, will be sold by both EMGS and TGS. The two companies will split revenues according to their respective investments.
Under the terms of the previously announced collaboration agreement, EMGS will be given access to TGS's 2D seismic data for survey planning and integration purposes, while TGS will obtain access to 3D EM data to evaluate and plan subsequent multi-client work over the area.
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 700 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 Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
