Fugro will also have the exclusive option to purchase the remaining shares.
EMMET has offices in St. Petersburg and Moscow in the Russian
Federation and is a technology developer and provider of marine
electromagnetic services for hydrocarbon exploration. Electrical and
electromagnetic methods have been used for natural resource exploration
in the Russian Federation for decades and EMMET has benefited from this
pedigree in creating a group of technical specialists with a background
in marine applications. Fugro will augment EMMET’s expertise with its
marine operational and navigation capabilities in providing marine
With this acquisition Fugro further strengthens its general
geophysics business of non-seismic geophysical methods. This includes
marine electromagnetic, gravity and magnetic methodologies as well as
the existing suite of airborne and land-based methods presently
operating within the Airborne Survey business line.
The recently announced acquisition of the Falcon® airborne gravity gradiometry technology will also form part of this group.