Expands focus to include shallow water settings
Rocksource has developed and tested new proprietary algorithms to deal with the shallow water challenges for the electromagnetic technology. Until recently, the technology has been considered unsuitable for waters shallower than 200 meter due to added noise. The tests carried out have been successful and the company is able to define the critical issues that must be addressed when collecting EM data in shallow water. This will enable screening of areas previously considered unsuitable for the EM technology and will affect the strategy for the company's portfolio development.
The current results will have strategic implications for Rocksource's approach in building a portfolio of exploration licenses as it expands the application of EM technology into larger parts of both the Norwegian and the UK Continental Shelf where the water depth is shallower than 200 meter.
Oslo, 7.9.2006
Rocksource ASA
Trygve Pedersen - CEO
+47 900 97 741
Published: 11.09.2006
Contact Information
Address:
Thormøhlensgate 53 D
Postboks 994 Sentrum
N-5808 Bergen
Norway
| Phone: | +47 05369 |
| From abroad: | +47 21 49 32 69 |
| Fax: | +47 55 36 87 98 |
Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com