By OGJ editors
HOUSTON, Dec. 29 -- Shell International Exploration & Production BV and ElectroMagnetic GeoServices AS (EMGS) signed a 1-year agreement to collaborate on expanding the applications EMGS's proprietary seabed logging technique.
Terms include an option to extend the marine electromagnetic survey research and development agreement for another year.
EMGS will receive funding for conducting research, testing concepts, and developing software. Shell will secure access to EMGS's software resources and computers, and the participation from its employees to achieve common objectives. In addition, Shell will fund exclusive seabed-logging surveys.
Meanwhile, both companies also will conduct parallel in-house development of the method. An EMGS vessel was expected to start the first experimental 3D survey for Shell within days. Statoil ASA formed EMGS in early 2002 (OGJ Online, Jan. 31, 2002).