EMGS, Fugro sign global cooperation agreement

Electromagnetic Geoservices (EMGS) has entered into a global cooperation agreement with Fugro.

Offshore staff

OSLO -- Electromagnetic Geoservices (EMGS) has entered into a global cooperation agreement with Fugro.

Under the terms of the agreement, Fugro will gain full access to EMGS's marine EM methods for hydrocarbon exploration and production, and EMGS will gain access to Fugro's worldwide marketing network and marine operating expertise. Both companies have also entered into a non-exclusive worldwide multi-client cooperation agreement, as well as a non-exclusive global technology licensing agreement.

The agreement is in effect through 2011.

04/24/2009

More in Company News