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SCHLUMBERGER ACQUIRES AOA GEOMARINE OPERATIONS
12 October 2004 - Schlumberger
| Schlumberger announced today at the annual meeting of the Society of Exploration Geophysicists that it has acquired AOA Geomarine Operations, LLC (AGO), a privately owned company. AGO provides pioneering marine controlled-source electromagnetic (CSEM) and marine magnetotelluric (MMT) services for use in offshore exploration activities. |
Schlumberger announced today at the annual meeting of the Society of Exploration Geophysicists that it has acquired AOA Geomarine Operations, LLC (AGO), a privately owned company. AGO provides pioneering marine controlled-source electromagnetic (CSEM) and marine magnetotelluric (MMT) services for use in offshore exploration activities. 'Deep resistivity measurements are important in determining the presence of oil and gas accumulations particularly when used in association with other data sources,' said Dalton Boutte, executive vice president, Schlumberger, and president, WesternGeco. 'The acquisition of AGO will extend customer benefits by adding operational expertise, domain knowledge and technology to our current Schlumberger exploration service offerings.' AGO, which will operate as a Schlumberger Company, will continue its operations under the ongoing leadership of Lionel Fray, AGO president and CEO. About AGO
AGO is a leading provider of CSEM and MMT technologies. Services include survey planning design and execution, advanced data processing, geophysical modeling and inversion together with data interpretation and prospect evaluation. With full data sets, CSEM and MMT can confirm the existence of hydrocarbons, map reservoir boundaries and lead to clarity where seismic methods are ambiguous. The company develops and manufactures its own specialized equipment, much of which is patented. For more information, visit, www.AGOem.com
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About: Schlumberger
Schlumberger is the world's leading oilfield services company supplying technology, project management and information solutions that optimize performance for customers working in the oil and gas industry. The company employs more than 52,000 people of over 140 nationalities working in more than 80 countries, and comprises two business segments.Schlumberger supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management and IT infrastructure services that support core industry operational processes. WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services. |
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