EMGS is pleased to announce that the Company has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin.
EMGS will prioritize acquiring EM data for the future bid rounds in Mexico as outlined in the ''Plan Quinquenal de Licitaciones para la Exploración y Extracción de Hidrocarburos 2015-2019'' announced by theSecretaría de Energía (SENER) in early July.
"We are pleased and encouraged by the recently announced 5 year plan for future licensing rounds offshore Mexico. It pairs well with our plans in Mexico and the received CNH permits and enables us to now actively seek funding of our projects", says Juan M. Santana, President EMGS North and South America.
EMGS has nearly five years of operational experience in Mexico, including in the Perdido Trend near and across the border with the United States. EMGS' delivery of EM data to - and in cooperation with the customer PEMEX has pioneered the integration of seismic and EM data and helped PEMEX begin appraisals of potential reserves.
In Southern Mexico, the Salinas exploration area encompasses major structures with potential for world class reservoirs and oil accumulations. Lower Miocene turbidite systems are considered to be the most attractive reservoir opportunities, containing significant channel facies, with additional indications for basin floor fans. On trend to these structures EMGS has conducted extensive surveys and developed the expertise to identify and interpret EM indicators (resistors) that tie to seismic stratigraphic interpretations, and thus, providing oil companies with additional geophysical information for calibration of the play and trend.
Please find enclosed a map including an overview of the 5 year plan from SENER, EMGS' multi-client project plans and received permits in Mexico.
Contact
Svein Knudsen, EMGS chief financial officer, +47 911 41 149
Charlotte Knudsen, EMGS head of investor relations, +47 9756 1959
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
EMGS operates on a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com
