EMGS - EMGS licenses proprietary 3D EM software to a major oil company

EMGS licenses proprietary 3D EM software to a major oil company

Apr 18 | 2010

EMGS announced today that, for the first time, it has entered into a licensing and consultancy agreement with a major oil company to provide advanced software for processing, interpreting and integrating 3D electromagnetic (EM) data.

EMGS has entered into a software licensing and consultancy agreement with a major oil company.

As a part of the agreement, EMGS's proprietary software package, which includes 3D inversion and modelling, will be installed in one of the customer's in-house processing centres.

Roar Bekker, EMGS chief executive officer, commented, "This agreement confirms our position at the forefront of 3D EM marine technology development and, furthermore, underpins our strategy to enhance the commercial adoption of the technology. We look forward to supporting this oil company in its commitment to capitalise on the benefits of 3D EM data."

Contacts
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
Dag Reynolds, EMGS executive vice president sales, marketing and business development, +47 22 01 14 00

EMGS licenses proprietary 3D EM software to a major oil company

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