EMGS expands cooperation with TGS in Barents Sea

Posted by Joseph R. Fonseca
Friday, May 09, 2014
EMGS Atlantic Guardian

 

EMGS and TGS have agreed to further expand their companies' agreement of cooperation in the Barents Sea.

Currently, TGS has a 30% ownership in the multi-client EM data over 17 blocks in the Hoop area. The agreement will be expanded with four new blocks in the Hoop area and 14 blocks in the southeastern area of the Barents Sea. TGS will take a 50% ownership in the EM data over all the new 18 blocks.

The expansion of this agreement further confirms the value of integrating 3D EM data with seismic data to reduce risk and discover more in the Barents Sea. The joint sales and marketing efforts will result in broad market exposure of our EM data," said Roar Bekker, CEO of EMGS.

The contribution from TGS related to the expansion of the agreement will be booked as a reduction of the carrying value of EMGS's existing multi-client library.

EMGS will shortly commence acquisition of 3D EM data in the southeast area of the Barents Sea. The vessel Atlantic Guardian will acquire the data in the southeast area. The full survey has a planned duration of four months and is supported by industry funding.
 

EMGS

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

OSV Hull Arrives at Havyard's Leirvik Yard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and

SBI Wins Jack-up Design and Engineering Contract

SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering

Energy

Russia Conducts High North Geophysical Surveys

For the first time, as part of the Arctic-2014 high-latitude expedition, nuclear icebreakers 'Akademik Fedorov' and 'Yamal' have conducted an entire complex of geophysical research at the North Pole,

Mærsk Putting Valuable Experience to Good Use

The Mærsk Deliverer rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent to take on increasingly

CIMC Raffles' COSLInnovator is "Rig of the Month"

In July 2014, the CIMC Raffles North Sea semisubmersible drilling rig unit, COSLInnovator, was awarded as "Rig of the Month” again by STATOIL. It is the fifth

News

Shipping Industry Issues Ebola Virus Red Alert

Three global shipping organisations have issued guidance to their members on the risks posed to ships’ crews calling in countries affected by the Ebola virus, and

Port of Long Beach to the Rescue of Birds

The Port of Long Beach announced Tuesday that it is expanding its partnership with International Bird Rescue, a global expert in oiled wildlife emergencies and aquatic bird care,

Mærsk Putting Valuable Experience to Good Use

The Mærsk Deliverer rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent to take on increasingly

Marine Equipment

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

BWTS SeaCURE Gains USCG AMS Acceptance

Evoqua Water Technologies LLC says that its SeaCURE Ballast Water Treatment System (BWTS) has been granted AMS Acceptance in all salinities. System highlights

Mærsk Putting Valuable Experience to Good Use

The Mærsk Deliverer rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent to take on increasingly

Electronics

Elco Launches Electric Outboard Motor Line

Expansion into outboard category brings benefits of electric propulsion to even more boaters Elco Motor Yachts, a company in electric and hybrid marine propulsion for more than 120 years,

Northrop Grumman Enhances VMFT Software

Northrop Grumman Corporation announced that its latest VisionMaster FT (VMFT) software now includes ADMIRALTY Information Overlay (AIO) as an integral element of

Sperry Navigation Systems for 7 Bulk Carriers

Northrop Grumman Corporation has been awarded a contract by Peter Dohle Schiffahrts-KG to supply the Integrated Bridge Systems, including navigation, voyage data recorders and radio systems,

Vessels

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

New Offshore Vessel Management Mobile App

Telerik says that its customer Bhagwan Marine, a leader in servicing the oil and gas industry, together with partner, Glenfield Digital Group, has released the

North Sea OSVs Liable to Detention if MLC Non-compliant

The Maritime Labour Convention (MLC), an international agreement which safeguards the employment rights, working conditions and health care of seafarers, came into force in the UK on 7 August.

Software Solutions

New Offshore Vessel Management Mobile App

Telerik says that its customer Bhagwan Marine, a leader in servicing the oil and gas industry, together with partner, Glenfield Digital Group, has released the

Northrop Grumman Enhances VMFT Software

Northrop Grumman Corporation announced that its latest VisionMaster FT (VMFT) software now includes ADMIRALTY Information Overlay (AIO) as an integral element of

Vopak Asia Contracts Ramco for HR Systems

Ramco Systems has  announced that it has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider,

 
 
Maritime Contracts Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2587 sec (4 req/sec)