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EM survey over India’s Round 7 acreage
An extensive multiclient electromagnetic (EM) survey covering 2,000sq km will be carried out in India’s Krishna-Godavari basin ahead of the country’s 7th New Exploration Licensing Policy (NELP) round.
Electromagnetic Geoservices (EMGS) will perform the survey, which is due to start before the end of this month. The survey is fully pre-funded by India’s state-owned Oil and Natural Gas Corp. (ONGC). Processed data will be available for licensing to other potential bidders in the round, which will conclude in April. EMGS will perform the survey in co-operation with India’s Directorate General of Hydrocarbons.
EMGS Chief Executive, Terje Eidesmo, said, “An increasing number of the world’s leading energy companies are turning to our advanced EM imaging technology to improve their exploration performance because of its proven ability to indicate hydrocarbons before drilling. Our unique EM scanning technology is reinventing how operators search for hydrocarbons. Explorers now have a means for rapidly identifying leads and assessing the prospectivity of new license blocks more accurately than previously possible, before bidding or committing significant resources to new ventures. This gives them a tremendous competitive advantage and significantly reduces their exploration risks.
“The project has been fully underwritten, and we are experiencing a high level of interest from other parties. The survey area is extensive, equivalent in size to almost 100 blocks in the Gulf of Mexico. This confirms the popularity of EM scanning as a potent exploration tool and its attractiveness as a multiclient product.”
EM scanning technology searches for electrical properties (resistivity) that indicate the location of hydrocarbons directly. Scanning with EM techniques offers the additional benefit of revealing potential leads such as stratigraphic traps, which are often not easily visible on seismic images.
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