EMGS begins survey work off Malaysia

Electromagnetic Geoservices ASA (EMGS) has begun work on a $5 million contract to rank potential hydrocarbon reserves, as well as estimate volumes in several prospects in Malaysia.

Offshore staff

TOKYO -- Electromagnetic Geoservices ASA (EMGS) has begun work on a $5 million contract to rank potential hydrocarbon reserves, as well as estimate volumes in several prospects in Malaysia. EMGS is using new electromagnetic imaging technology in water depths of approximately 60 m (197 ft).

"We have recently developed new technology that significantly broadens our market and operating window, enabling EMGS to perform surveys at virtually any water depth," says Terje Eidesmo, EMGS president and CEO. "Important hydrocarbon exploration opportunities remain in many shallow-water basins across the world, and we expect growing demand for our innovative technology in the future."

08/11/2008

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