EMGS and Schlumberger have announced the intention to enter into a cooperative agreement effective from 3 January 2012 in which the parties will offer to the industry their respective expertise in the marine electromagnetic related fields of processing, advanced modelling and earth model building.
Schlumberger will immediately withdraw from the on-going patent disputes in the United Kingdom, The Netherlands and the European Patent Office.
Schlumberger and EMGS have further entered into a cross-licence of patents relevant to the CSEM acquisition business.
“We look forward to building on both companies’ strengths and are hopeful that this agreement will enhance the adoption of EM technology,” says Roar Bekker, EMGS chief executive officer . “Furthermore, our combined service offerings will provide the global oil and gas industry with improved integration capabilities and accelerate the growing portfolio of EM applications.”
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 600 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.
[mappress] Subsea World News Staff , December 15, 2011; Image: EMGS