NORWEGIAN company EMGS, which is the arch rival to Offshore Hydrocarbon Mapping (OHM) of Aberdeen, has secured a multi-year controlled source electromagnetic imaging contract worth a minimum of $150million from one of the world's largest oil companies. The 3D electromagnetic campaign will employ one of EMGS's purpose-built 3D EM vessels continuously throughout the contract period, so providing substantially improved vessel utilisation levels.
UK independent Rockhopper says it has identified five oil and gas plays with a recoverable reserves potential of billions of barrels offshore the Falkland Islands and that there is a "substantial increase" in drillable targets.
