MTEM
gets T&T contract, local oil company employs
cutting edge survey technology
The Trinidad Guardian
Port
Spain
Petroleumworldtt.com
03 04 07
An
Edinburgh-based onshore and offshore hydrocarbon
mapping company, MTEM, (multi-transient electromagnetic)
has won a contract from Ten Degrees North Energy
Ltd to survey a mature producing oil field in T&T.
The
company is using its revolutionary R-Land system
in the Tabaquite, south Trinidad, field.
MTEM
can find bypassed oil in mature producing fields.
It can also determine, before the need for drilling,
whether deep underground reservoirs contain hydrocarbon
deposits.
Jason
Robinson, MTEM’s vice president for North
and South America, said: “We have been actively
seeking out markets for our technology and are currently
carrying out work in India.
Similarly,
there are opportunities in the Caribbean—and
indeed in many parts of North and South America—to
utilise our system in order that a company like
Ten Degrees North can prolong the life of its resources.”
Dr
Jim Lee-Young, CEO of Ten Degrees North Energy,
said: “Any new development which can extend
the operational life of a field has to be welcomed,
and we welcome the opportunity to work with MTEM
at the cutting edge of hydrocarbon recovery.”
MTEM
believes its technology will radically reduce drilling
risk and potentially save the oil industry billions
of dollars per year. Industry experts estimate the
potential market for MTEM at around £500 million
annually.
Electromagnetic
surveys are designed to provide a measure of changes
in subsurface resistivity with depth below ground.
This information can be useful in locating recoverable
oil and gas since hydrocarbons are more resistive
to electrical current than the water typically found
at similar depths.
Trinidad Guardian
Thursday 1st March, 2007
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