NORWEGIAN company EMGS and energy services major Schlumberger on January 3 implemented what they describe as a “co-operative agreement” in which the parties will offer to the industry their respective expertise in the marine electromagnetic related fields of processing, advanced modelling and earth model building.
It is possible that this arrangement is a precursor to the eventual acquisition of EMGS, which last year consumed struggling Aberdeen Offshore Hydrocarbon Mapping.
Part of the deal struck in December is that Schlumberger will immediately withdraw from the ongoing patent disputes in the UK, the Netherlands and the European Patent Office.
Schlumberger and EMGS have further entered into a cross-licence of patents relevant to the CSEM acquisition business.
“We look forward to building on both companies’ strengths and are hopeful that this agreement will enhance the adoption of EM technology,” said Roar Bekker, who is CEO at EMGS.
“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.”
EMGS was established in 2002 and has conducted more than 600 surveys to improve drilling success rates across the world’s mature and frontier offshore basins.
It has an especially close relationship with Statoil.