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The survey is due to start around 25 August and will be performed using the newly launched, purpose-built 3D EM vessel BOA Galatea. This vessel is currently completing a survey worth about USD 1 million for a customer in Norway.
Roar Bekker, EMGS chief executive officer, commented:
"The Arctic regions of Greenland are increasingly recognised as a major remaining source of undiscovered hydrocarbons, and Cairn Energy has established a leading acreage position in this promising frontier area. We are confident that our EM data, combined with other geological and geophysical information, will greatly enhance the understanding of the West Greenland basin and its potential for hydrocarbons."
A photo of EMGS's vessel BOA Galatea can be downloaded by clicking on the following link: http://hugin.info/137402/R/1334074/316524.jpg
Contacts Roar Bekker, EMGS chief executive officer, +47 73 56 88 10 Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About EMGS EMGS uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. The company is the EM market leader, and provides Clearplay, the world's first fully integrated EM system.
Three service offerings - Clearplay Find, Test and Evaluate - have been designed to assist operators in the exploration and production phase. Clearplay supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The services enable integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency, and reduces risks and the finding costs per barrel.
EMGS operates the world's largest EM survey vessel fleet and has conducted more than 400 surveys to improve drilling success rates across the world's mature and frontier offshore basins. The company operates on a worldwide basis with main offices in Trondheim and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
About Cairn Cairn Energy PLC ("Cairn") is an Edinburgh-based oil and gas exploration and production company listed on the London Stock Exchange. Cairn's exploration acreage position in Greenland is held through its 90% owned international exploration subsidiary Capricorn. A total of six offshore blocks were acquired during 2008.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
SOURCE: EMGS
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