CGG Veritas and OHM to combine seismic and electromagnetic imaging
Posted: 07 August 2007
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CGG Veritas and Offshore Hydrocarbon Mapping plc (OHM) will jointly develop a global market for Controlled Source Electromagnetic imaging (CSEM) and capitalise on seismic and CSEM integration opportunities.
CGG Veritas will also acquire 15%of OHM’s share capital at a price of 240 pence per share.
The alliance is expected to provide CGG Veritas with access to the CSEM technology, and OHM with an immediate access to the marketing and operational network of a leading seismic player.
High valuable information may be gained from combining seismic and CSEM datasets.
These technologies make complementary measurements which, when properly combined, can lead to quantitative measurement of important rock and fluid properties such as permeability and hydrocarbon saturation.
CGG Veritas believes the combination of seismic and CSEM data will be of significant value to oil companies in managing their reservoirs and in enhancing recovery from their subsurface reserves.
CGG Veritas, listed on the Eurolist of Euronext Paris, is an international pure-play geophysical company. AIM-listed OHM is a leading provider of controlled source electromagnetic imaging services, including surveying, data processing, and data interpretation services to the offshore oil industry. |
