EMGS to perform seismic studies for Petrobras and DevonEquipment & Technology // August 3, 2006
BNAmericas.com reports that Norwegian electromagnetic seismic studies company EMGS has obtained the first license to perform electromagnetic studies in Brazil for Petrobras, and will do similar work for US oil company Devon Energy.
"This is a new technology that will change the way seismic studies are done because it reduces the risk significantly," EMGS Brazilian representative Márcio Mello told BNamericas.
Brazil's federal environmental protection agency Ibama awarded the license on July 11th for the studies of the northeastern basins of Barreirinhas and Pará-Maranhão, according to Ibama licensing department head Luiz Kunz. The license expires year-end and the studies could start in August or September.
"These companies have hired EMGS to carry out the studies in deepwater blocks in these frontier basins, which have known potential," Mello told BNAmericas.com
BNAmericas said these would be the licences for electromagnetic studies in Brazil.
"This is totally new technology in Brazil and is very new in the world," said Kunz.