Business news for the week of 18 August 2008

Past news briefs

EMGS awarded shallow-water contract in Malaysia
13 August 2008—Electromagnetic Geoservices was awarded a contract worth more than US$5 million by a repeat customer in Malaysia. The work has commenced and EMGS is using new technology in water depths of approximately
60 m. 

BOS’s global reach expanding
12 August 2008—Bergen Oilfield Services has opened an Asia Pacific regional office in Singapore.

Approximately 15 guests attended a ceremony at the BOS office in the Premier Centre where CEO Karstein Rød and the Vice President Omar Kulbrandstad officiated.

Kosmos Energy and Tullow select Rock Solid Images for development studies
13 August 2008—Rock Solid Images announced that the company has been chosen to provide rock physics-driven, reservoir property inversion services to Kosmos Energy and Tullow's appraisal and development drilling campaign for the Jubilee Field, offshore the Republic of Ghana.

EMGS completes survey in Barents Sea
15 August 2008—Electromagnetic Geoservices has completed the world's largest multiclient electromagnetic survey in the Barents Sea, ahead of Norway's 20th exploration licensing round.

The survey area, at more than 9000 km² and covering 30 blocks, includes all the Barents Sea acreage in the licensing round.

Sensornet commercializes new fiber-optic DTS cables 
18 August 2008—Sensornet has developed a new high performance SureSight fiber-optic distributed temperature cable range which can withstand extreme heat and operate in the harshest downhole environments.

Used for high temperature wellbore monitoring, the SureSight cables withstand temperatures up to 300ºC (572ºF), which are often experienced in steam-assisted gravity drainage (SAGD) and cyclic steam injection (CSS) wells in steamflood reservoirs. By providing real-time permanent monitoring for enhanced recovery and proactive management, the technology marks a step change in performance from traditional technologies.

Geotrace Joins the Edinburgh Anisotropy Project
14 August 2008—Geotrace announced its participation as a three-year sponsor in the Edinburgh Anisotropy project. This sponsorship will allow Geotrace to further enhance its four-component processing and participate in research into new anisotropic capabilities.

PGS awarded 3D survey onshore Mexico
9 August 2008—PGS Mexicana was awarded a contract by Pemex for an onshore seismic survey in the states of Veracruz and Puebla, Mexico. The survey will be carried out from 2008 to 2012. The area to be surveyed is more than 2000 km². The total contract value amounts to approximately US$165 million.