Schlumerger buys AGO (October 2004)

Following ExxonMobil’s ramping of its ‘R3M’ deep electromagnetic prospecting (see last month’s Oil IT Journal) Schlumberger has snapped up ExxonMobil’s contractor for EM services, AOA Geomarine Operations (AGO). AGO provides marine controlled-source electromagnetic (CSEM) and marine magnetotelluric (MMT) services for deepwater offshore exploration.

Boutte

Dalton Boutte, Schlumberger VP and president of WesternGeco, announced the acquisition at the annual meeting of the Society of Exploration Geophysicists this month saying, ‘Deep resistivity is important in determining the presence of oil and gas accumulations particularly when used with other data sources. The acquisition of AGO will extend customer benefits by adding operational expertise, domain knowledge and technology to our current service offerings.’ AGO will operate as a Schlumberger company under the leadership of president and CEO Lionel Fray.

Replace seismics?

In the SEG Q&A, Boutte made the remarkable claim that CESM ‘could replace seismic.’ Oil IT Journal could find nobody else in either the seismic or the CSEM communities present at the SEG who would endorse this view!�

Click here to comment on this article

If your browser does not work with the MailTo button, send mail to info@oilit.com with PDM_V_3.3_ as the subject. Web use only - not for intranet/corporate use. Copyright © 2004 The Data Room - all rights reserved.