(EMAILWIRE.COM, July 09, 2010 ) Boca Raton, FL --- While some say the world's fossil fuels will run out in a few decades, others believe there's plenty available, hidden under the sea floor. They are focusing on new ways to find offshore oil and gas reserves, and to locate reserves that traditional methods have missed.
Roar Bekker, CEO of EMGS recently discussed the company's latest technology with 21st Century Business.
3D EM technology has the potential to significantly reduce exploration and production risk in the same way that 3D seismic changed the E&P industry in the 1980's and 1990's. EMGS technology and people have made us the recognized market leader in creating value with 3D EM," added Bekker.
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JL Haber, Vice President of Programming at Multi Media Productions, added, While searching for companies that are conducting their business in an environmentally friendly way, we came upon EMGS. Their exploration solutions are innovative yet environmentally sound. We are excited to have them as a guest on our program.
EMGS uses its proven, proprietary marine electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons.
Marine EM relies on the difference in electrical resistivity between oil- and water-bearing sediments beneath the seabed. High resistivity is an indicator of hydrocarbon presence; this observation has been used since the 1920's by the borehole logging community to confirm oil in place.
What EMGS has achieved, where many others have previously failed, is to apply this principle to measure subsurface resistivity from the seabed. The company pioneered this emerging and environmentally benign exploration method with its first successful application and commercialization in 2002.
Since then, EMGS has conducted over 450 surveys to reduce exploration risk and improve drilling success rates across the world's mature and frontier basins - in water depths ranging from 48 to 3300 meters - for more than 40 customers, including the world's leading energy companies.
EMGS remains the undisputed market leader, training the world's leading experts in the field and ceaselessly refining the technology and systems used to acquire, process, visualize, interpret and integrate marine EM data.
The company's services help a range of exploration and production companies, and can be used to provide early indications of hydrocarbon prospectivity in frontier areas; find bypassed and satellite fields in mature areas; test and rank seismic prospects; prioritise drilling locations and improve delineation of reservoirs. Marine EM measurements of resistivity naturally complement other subsurface imaging techniques, like seismic, which provide a structural picture of the subsurface.
EMGS's newly launched purpose-built 3D EM vessel fleet offers unparalleled capacity and operational efficiency, whilst maintaining the highest safety and environmental standards.
For more information visit http://www.emgs.com
About 21st Century Business
21st Century Business is an award winning business series independently produced by Multi-Media Productions. The show provides its business viewers in-depth industry solutions from top business leaders from across the world. From energy to the financial circuit, from telecom to product development, 21st Century Business covers all corners of industry and innovation.
21st Century Business airs on highest rated cable networks in the United States as well as international venues across the globe. The series can also be viewed through video on demand via http://www.21cbtv.com. Due to its educational value, the 21CBTV Series is also available at more than 25 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.
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