Business News for the week of 10 June 2013

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EMGS receives letter of intent for contract extension in Asia

11 June 2013—Electromagnetic Geoservices ASA (EMGS) has received a letter of intent for an extension to the ongoing US $35 million contract in Asia. The value of the contract extension is at least $15 million, which brings the total contract value to a minimum of $50 million. It is expected that the vessel BOA Thalassa will complete the entire work program, including the contract extension, in October 2013. Final confirmation and award of the extension is subject to the customer's internal tender board approval.

 

Schlumberger releases Petrel 2013 software platform for improved E&P decisions

11 June 2013—Schlumberger released the 2013 Petrel E&P software platform that delivers integrated analysis from exploration to production.

Petrel 2013 brings advances in integration, multiuser collaboration, and applied science, including improved petroleum system modeling, structural interpretation, and production analytics—as well as additional workflow improvements and productivity enhancements.

 

Sercel launches multisensor Sentinel solid streamer

11 June 2013—Sercel launched Sentinel MS, its new multisensor solid streamer. Sentinel MS builds on the Sentinel solid streamer. In addition to the high-quality pressure measurement provided by its hydrophone sensor the new Sentinel MS features two additional acceleration components offering directional measurements for both crossline and vertical-wave fronts, to deliver multisensor data sets for enhanced broadband imaging. Fully compatible with Nautilus, Sercel’s all-in-one streamer positioning system, Sentinel MS extends marine acquisition capabilities.