EMGS, Schlumberger reach marine electromagnetic exploration agreement

EMGS and Schlumberger have announced the intention to enter a cooperative agreement effective Jan. 3, 2012, to offer marine electromagnetic related processing, advanced modeling, and earth model building.

Offshore staff

TRONDHEIM, Norway – EMGS and Schlumberger have announced the intention to enter a cooperative agreement effective Jan. 3, 2012, to offer marine electromagnetic related processing, advanced modeling, and earth model building.

The two companies also have entered a cross-license of patents agreement regarding CSEM acquisition.

At the same time, Schlumberger will withdraw its patent disputes in the United Kingdom, the Netherlands, and the European Patent Office.

“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 CEO. “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.”

12/15/2011

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