Fugro Gravity & Magnetic Services Inc. and Image Interpretation Technologies Inc. (IITECH) have reached an agreement to jointly promote the use of gravity and magnetic data for petroleum exploration.

The focus will be on existing non-exclusive datasets and development of new acquisition opportunities in Western Canada, with anticipated expansion into the broader North American oil and gas exploration market.

Fugro Gravity & Magnetic Services and IITECH together have a significant percentage of the Western Canadian Sedimentary Basin covered by non-exclusive gravity and magnetic data, all of which is available for license along with detailed interpretation products. In addition to promoting these datasets, the cooperation will develop acquisition and interpretation for High Resolution AeroMagnetic and FALCON™ Airborne Gravity Gradiometry projects.

The FALCON system is exclusive to Fugro and is the only gravity gradiometer system designed specifically for airborne geophysics. Together, the companies will offer educational training in the use of gravity and magnetic data, and its application to both conventional and unconventional petroleum exploration.

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