Norwegian offshore oil and gas survey company EMGS has signed a cooperation deal with Equinor for its second full-scale controlled-source electromagnetic CSEM well calibration study project.
“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 the Company’s 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,” EMGS said.
CEO of EMGS, Bjørn Petter Lindhom, comments: “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.”
EMGS said the revenue associated with the second well calibration study is expected to be approximately $1 million over a one-year period.
According to info on EMGS’ website, exploration companies can use CSEM data together with seismic to interpret lateral extents of prospects to gain insight into just how large and extensive a prospect is.
Offshore Energy Today Staff
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