EMGS announce additional cost reductions
Electromagnetic Geoservices ASA (EMGS) announces that the Company implements additional cost reduction measures reflecting the challenging market conditions in the oil service industry.
EMGS signs agreement with Directorate General of Hydrocarbons in India
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to acquire 3D EM multi-client data within a 325,000 square km area off West coast India, crossing eight different tectonic provinces from Kutch-Saurashtra in North to Ratnagiri in South.
Prospectivity evaluation with 3D CSEM published in First Break
Daniel Baltar and Neville Barker describe a method to update a prospect’s existing evaluation with 3D CSEM data. The resulting improvement to risk and volume assessments enables operators to reduce uncertainty and meliorate investment decisions.