EMGS, Equinor Pact for Well Calibration Study

Laxman Pai
Friday, April 5, 2019

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) has signed an agreement for its second full-scale marine controlled-source electromagnetic (CSEM) well calibration study project in cooperation with Equinor.

The revenue associated with this second well calibration study is expected to be approx. USD 1 million over a one-year period, said the the oil and gas company.

The objective of these well calibration studies is to provide global learning and experience integrating CSEM data from EMGS’ global multi-client library with seismic- and well data, thereby allowing EMGS' customers to better understand and assess for each opportunity going forward whether and how CSEM should be applied to further de-risk their exploration portfolios.

CEO of EMGS, Bjørn Petter Lindhom, said: “We are very excited and proud that another one of our customers has decided to carry out a well calibration study in cooperation with EMGS. Through such a study, Equinor’s own personnel can add to their understanding of, and verify when and how, CSEM provides added value."

"We are confident that customers who undertake such a study will achieve an even better understanding of the value of CSEM information, and the added returns and reduced costs which can be achieved when using the product, thereby strengthening their willingness to invest in such information,” he added.

Categories: Subsea Well Operations Geospatial Geophysics Wells

Related Stories

CGG's Sercel Sells 6000 Seabed Nodes to Sinopec

Aker Solutions, Aker BP Extend Subsea Production Systems Agreement

H2Shore: Port of Aberdeen and Subsea 7 to Explore Feasibility of Subsea Hydrogen Storage

Current News

Pertamina Set to Take Over Shell's Shares in Masela Gas Project

Denmark's NKT Set to Provide High-Voltage Export Power Cables for Polish Wind Offshore Farm

Ulmatec to Deliver Gangway for Another Jones Act Offshore Wind Vessel

Seismic Surveys: TGS Expands Multi-Client 3D Coverage in Malvinas Basin

Subscribe for OE Digital E‑News