EMGS Wins Seabed Logging Contract Offshore India
Electromagnetic Geoservices AS (emgs) has been awarded a contract with Oil and Natural Gas Corporation Limited (ONGC), India, for the provision of marine electromagnetic surveys to locate hydrocarbon reservoirs before drilling.
emgs won the work because of its proven proprietary services, which are known as seabed logging. Work will commence in January with a survey on a recently discovered and relatively small reservoir. ONGC will then embark on an extensive program of surveys to assess several prospects off India's east coast. This program will take an estimated six months to complete.
Andy Lozano, President emgs Asia Pacific, is convinced of the value that seabed logging will bring to ONGC: "Although seabed logging has been successfully used by more than 25 oil companies around the world, ONGC is the first operator to use the technique offshore India. Seabed logging reduces offshore exploration risks by identifying resistive bodies such as hydrocarbon reservoirs in the subsurface and providing valuable data that complements conventional seismic surveys. We are confident that our surveys will help ONGC to fulfill its goal of increasing reserves and will contribute to meeting the nation's energy needs in this exciting period of growth."
ONGC will be the first emgs customer to benefit from the capabilities of the newly commissioned survey vessel MV Sasha (the third vessel in the emgs fleet), which was mobilized to Indian waters directly after being fitted out. An emgs project office in Mumbai will coordinate operations with support from geologists and geophysicists at the company's regional office in Kuala Lumpur, Malaysia, and its head office in Trondheim, Norway.
Terje Eidesmo, President and Chief Executive officer of emgs believes seabed logging has an important role to play in realizing ONGC's strategic vision, which includes doubling its reserves by 2020. "ONGC is a world-class oil and gas company that recognises the competitive advantages that new exploration technologies can bring. With two-thirds of the new reserves expected from deepwater discoveries, the need for the right technologies to minimize exploration risks is clear, and we are pleased that ONGC has adopted seabed logging as part of its exploration strategy. Our method has been validated by drilling in many oil provinces around the world, and commercial hydrocarbon reservoirs have been reliably identified before drilling. Similar results offshore India will contribute to increasing the number of successful exploration wells for ONGC."
Lozano is optimistic about the potential market for seabed logging in India. "Exploration activity offshore India is intensifying and emgs is keen to bring seabed logging to the subcontinent. With the MV Sasha in Indian waters, we are in a good position logistically. We have already opened discussions with other operating companies in India about providing seabed-logging services and confidently predict full vessel utilisation in the area for the foreseeable future."
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Company: Electromagnetic Geoservices ASA (emgs) more info
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