emgs Wins Award for Seabed Logging

The Society of Exploration Geophysicists (SEG) Honors and Awards Committee and the SEG Executive Committee have by unanimous decision selected the founders of emgs, Terje Eidesmo and Svein Ellingsrud, to receive SEG's Virgil Kauffman Gold Medal.

The Virgil Kauffman Gold Medal is awarded to a person who has made an outstanding contribution to the advancement of the science of geophysical exploration as manifested during the previous five years. SEG is bestowing the honor on Eidesmo and Ellingsrud—emgs' CEO and Vice President Research and Development, respectively—for initiating and organizing the world's first controlled source electromagnetics (CSEM) test for direct hydrocarbon indication.

"We would like to express our deepest gratitude to the Society for being awarded this honor in recognition of our work," Ellingsrud and Eidesmo said in a joint statement. "What started out as a science project by two eager scientists 10 years ago for electromagnetics to identify hydrocarbons, has developed into a global industry and is poised to change oil exploration forever. emgs` more than 100 patents are based on the very first work the Society today is honoring, which makes receiving this award particularly special."

Official presentation of the award will take place during SEG's 2007 Annual Meeting in San Antonio, Texas, September 23-28. In addition to receiving the SEG honor, emgs' proprietary seabed logging survey method won the Hart's E&P Meritorious Engineering award in the "Exploration System" category in 2006.

emgs is the global market leader for the provision of seabed logging services, a technology that enables the detection of hydrocarbons beneath the seabed prior to drilling. emgs has developed this proprietary and patented technology over the past 10 years. Since its incorporation as a separate company in 2002, emgs has conducted more than 200 commercial surveys for many of the world`s leading oil and gas companies and offshore operators.

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