The vessel - the fifth to join the emgs fleet - has been ordered from the Norwegian Taubåtkompaniet/BOA group and will be built at the Fosen Mekaniske Verksteder (FMV) shipyard, north of Trondheim, for delivery in March 2008. emgs also has the option to build a second vessel at the same yard. In September, the company announced that it was in the process of deploying its fourth vessel, the newly converted Relume, for service initially in the North, Norwegian and Barents Seas.
Terje Eidesmo, emgs president and CEO, said: 'This order marks a dramatic expansion of our business in response to increasing international demand for our Seabed Logging services from oil companies and contractors. A built-for-purpose vessel will enable us to provide the optimum service to our clients based on our growing experience with the benefits of Seabed Logging over the last four years. It will also provide us with the perfect platform to develop and trial further applications of the technology which we intend to introduce.'
Seabed Logging, now in use by more than 35 oil majors, independents and national oil companies around the world, is the marine controlled source electromagnetic method originated by Terje Eidesmo and colleague Svein Ellingsrud (emgs vice president, R&D) and commercialised by emgs. The most important application of seabed logging to date has been the reduction of exploration risk in deep water/frontier areas where the technique's ability to detect directly the presence of hydrocarbons has already saved oil companies millions of dollars in unnecessary drilling cost and revealed previously unsuspected reserves. The latest application of the technique, scanning for new prospects early in the exploration cycle, is generating a great deal of excitement in the industry.
The new emgs vessel will be designed to meet the most stringent international HSE standards and will also incorporate impressive facilities for the 50 or more crew on board. Features will include high-comfort cabins, a movie theatre, conference facilities, hospital ward, gym, workstations with broadband connection and a helicopter pad.
'Equipped with state-of-the-art survey instrumentation, onboard processing facilities and much improved equipment handling, the vessel will be an efficient and versatile platform for the deployment of our technology in the years ahead,' Erik Skogen, vice president of operations, explained. 'We believe our clients will appreciate the continuity and level of expertise that we can offer with our own trained full time staff.'
Taubåtkompaniet/BOA will manage the construction and retain ownership of the vessel which will be leased to emgs.
Notes to Editors:
1. Taubåtkompaniet/BOA group, based in Trondheim, Norway, operates or manages nearly 50 marine units around the world principally for the oil and gas business, including some of the biggest offshore construction vessels in the industry, offshore supply vessels, tugs and barges. See www.boa.no.
2. Fosen Mekaniske Verksteder (FMV), located at Rissa, north of Trondheim, was founded in 1918 and is perhaps best known as the shipyard which built the world's first apartment cruiser. The yard is owned and managed by Anna-Synnøve Bye. See www.fosenyards.no.
Terje Eidesmo, emgs president and CEO, said: 'This order marks a dramatic expansion of our business in response to increasing international demand for our Seabed Logging services from oil companies and contractors. A built-for-purpose vessel will enable us to provide the optimum service to our clients based on our growing experience with the benefits of Seabed Logging over the last four years. It will also provide us with the perfect platform to develop and trial further applications of the technology which we intend to introduce.'
Seabed Logging, now in use by more than 35 oil majors, independents and national oil companies around the world, is the marine controlled source electromagnetic method originated by Terje Eidesmo and colleague Svein Ellingsrud (emgs vice president, R&D) and commercialised by emgs. The most important application of seabed logging to date has been the reduction of exploration risk in deep water/frontier areas where the technique's ability to detect directly the presence of hydrocarbons has already saved oil companies millions of dollars in unnecessary drilling cost and revealed previously unsuspected reserves. The latest application of the technique, scanning for new prospects early in the exploration cycle, is generating a great deal of excitement in the industry.
The new emgs vessel will be designed to meet the most stringent international HSE standards and will also incorporate impressive facilities for the 50 or more crew on board. Features will include high-comfort cabins, a movie theatre, conference facilities, hospital ward, gym, workstations with broadband connection and a helicopter pad.
'Equipped with state-of-the-art survey instrumentation, onboard processing facilities and much improved equipment handling, the vessel will be an efficient and versatile platform for the deployment of our technology in the years ahead,' Erik Skogen, vice president of operations, explained. 'We believe our clients will appreciate the continuity and level of expertise that we can offer with our own trained full time staff.'
Taubåtkompaniet/BOA will manage the construction and retain ownership of the vessel which will be leased to emgs.
Notes to Editors:
1. Taubåtkompaniet/BOA group, based in Trondheim, Norway, operates or manages nearly 50 marine units around the world principally for the oil and gas business, including some of the biggest offshore construction vessels in the industry, offshore supply vessels, tugs and barges. See www.boa.no.
2. Fosen Mekaniske Verksteder (FMV), located at Rissa, north of Trondheim, was founded in 1918 and is perhaps best known as the shipyard which built the world's first apartment cruiser. The yard is owned and managed by Anna-Synnøve Bye. See www.fosenyards.no.
For more information:
Ken Feather, vp marketing, emgs; Email: kwf@emgs.com; mobile: +33 6 13 83 0111, or visit www.emgs.com