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ElectroMagnetic GeoServices ASA (emgs) and Schlumberger Announce EM Industry Agreement
ElectroMagnetic GeoServices ASA (emgs) announced that together with Schlumberger, it has contemplated the intention to enter into a cooperative agreement effective from January 3, 2012 in which the parties will offer to the industry their respective experience in the marine electromagnetic related fields of processing, advanced modeling and earth model building. Schlumberger will immediately withdraw from the on-going patent disputes in the United Kingdom, The Netherlands and the European Patent Office. Schlumberger and emgs have further entered into a cross-license of patents relevant to the CSEM acquisition business.
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