A Strong Start to CSEM Services in 2019
EMGS has to date acquired 950 surveys in 36 countries and territories, from Spitsbergen to New Zealand. The list of customers includes six major IOCs, seven major NOCs and 17 international independents. Currently 12 national authorities/regulators are including CSEM services in license work programs.
The company was hit by the recent downturn, but has now emerged out of it and has maintained a motivated and competent staff. Together with key customers Equinor and Shell, EMGS has used the tough years to invest in R&D, leading to significantly improved technology with the latest generation Deep Blue acquisition system and the Gauss-Newton full 3D inversion software. The results are technically great, allowing the imaging of targets down to 4,000m. Although not a silver bullet, key customers on both sides of the Atlantic have reported a prediction strength of 80% and above. Results are also visible on the commercial side, with the recent closing of contracts and the company is now well positioned to benefit from the upswing in the exploration activity and is ready to provide key data which will improve exploration results.