EMGS to Use ‘Atlantic Guardian’ for Norwegian Sea 3D EM Survey

Electromagnetic Geoservices ASA has received a Letter of Award from Statoil Petroleum AS worth $5.3 million for 3D EM data acquisition in the Norwegian Sea.

The Company expects to start the survey in September, using the vessel Atlantic Guardian.

EMGS uses its proprietary electromagnetic 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 the 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.

Press Release, June 02, 2014

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