"Deep resistivity measurements are important in determining the presence of oil and gas accumulations particularly when used in association with other data sources," said Dalton Boutte, executive vice president, Schlumberger, and president, WesternGeco. "The acquisition of AGO will extend customer benefits by adding operational expertise, domain knowledge and technology to our current Schlumberger exploration service offerings."
AGO, which will operate as a Schlumberger Company, will continue its operations under the ongoing leadership of Lionel Fray, AGO president and CEO.
AGO is a leading provider of CSEM and MMT technologies. Services include survey planning design and execution, advanced data processing, geophysical modeling and inversion together with data interpretation and prospect evaluation. With full data sets, CSEM and MMT can confirm the existence of hydrocarbons, map reservoir boundaries and lead to clarity where seismic methods are ambiguous. The company develops and manufactures its own specialized equipment, much of which is patented.
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