emgs Launches Second SeaBed Logging Survey Vessel

emgs, the SeaBed Logging Company, has launched its second SeaBed Logging (SBL) survey vessel, the MV Atlantic Guardian. The vessel, which underscores the growing reliance of major oil companies worldwide on emgs' SBL technology, is currently conducting SBL surveys for emgs clients offshore Norway.

The MV Atlantic Guardian joins emgs' other SBL survey vessel, the MV GeoAngler, which has just completed a major SBL survey offshore West Africa for emgs client Woodside Energy. The MV GeoAngler also has helped emgs successfully complete nearly 100 surveys for more than 10 oil companies, including Shell, Apache and Statoil in regions as varied as the Mediterranean, South China Sea and North Sea.

"The addition of a second SBL survey vessel is a significant milestone for emgs," said Terje Eidesmo, President and Chief Executive Officer of emgs. "We have generated a lot of momentum in recent months and we are seeing increasing demand for our proprietary SBL technology from oil companies that are looking for a more accurate and efficient way to identify new energy sources around the world."

The MV Atlantic Guardian, a Dynamic Positioning Class II vessel, was built in 2001 and is ideal for safe and efficient SBL survey operations. It contains all-new SBL equipment, including receivers with the latest technology, a newly upgraded source and a new and improved handling system. Operated by an experienced crew from emgs, Multiwave and North Sea Shipping, the MV Atlantic Guardian can handle the most severe conditions and can stay at sea for up to 40 days at a time.

"We have differentiated ourselves in the marketplace through our high- quality services and unique technology, such as our SBL survey vessels and our processing and interpretation capabilities, which gives our clients more certainty in their hydrocarbon data evaluation," said Mr. Eidesmo. "The MV Atlantic Guardian is further evidence of our commitment to continually enhance our services offering and attract and retain clients around the world."

Editors Note: About SeaBed Logging (SBL)

SeaBed Logging (SBL) is a proven exploration method that utilizes electromagnetic signals to detect hydrocarbons before drilling in offshore basins. In combination with seismic, emgs can go beyond traditional methods when it comes to deciding the likelihood of finding hydrocarbons beneath the seabed. While seismic surveying is based on sound waves and an advanced method of defining structures and identifying possible reservoirs, SBL is based on electromagnetic waves and can determine whether the reservoir contains hydrocarbons or water.

Svein Ellingsrud and Terje Eidesmo first developed SBL in 1997 when they were working at Statoil ASA, which had been conducting for some time research in the field using electromagnetic waves in downhole tools to investigate reservoir properties, especially movement of water fronts. During a project in which the Norwegian Geotechnical Institute participated, information about a strong magnetic source triggered the idea of a possible direct hydrocarbon indicator. From this, the idea of "logging from the sea bed" by scaling up the distance, wavelength and power outputs was born.

Editors Note: About emgs

emgs, the SeaBed Logging Company, is a technology company headquartered in Trondheim, Norway with offices in Houston, Texas; Paris, France; and Stavanger, Norway. emgs made the first discovery of hydrocarbons solely on the basis of SeaBed Logging (SBL) in 2001. emgs has successfully completed nearly 100 surveys for more than 10 oil companies, including Shell, Apache, Woodside and Statoil, in regions as varied as offshore West Africa, the Mediterranean, the South China Sea and the North Atlantic.

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