Survey outfit Electromagnetic GeoServices, or EMGS, has struck a deal worth as much as $16 million in reservoir-scanning work and options with “an international supermajor”
The company will attempt to sort water from oil in “potential reservoir structures” in the frontier Mediterranean oil province of Libyan leader General Mohomar Ghadaffi.
The company’s technology boasts “pinprick accuracy” using a technique called seabed logging.
Meanwhile, Italian oil company ENI said this week a strategic pact with Libya “confirms ENI as the leading foreign operator in the country”. ENI got a jump on other supermajors with the El Feel (Elephant) and Western Libya Gas Project.
ENI has also promised Libya “the most advanced technology” in efforts to recover as much as possible from existing oilfields. ENI said Libya investments could reach $28 billion over 10 years.
The use of EMGS would help explore the prolific NC41 offshore area.
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