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Technology agreement
Gippsland Offshore and BHP Billiton shared a landmark agreement in which Gippsland Offshore had rights to use the BHP Billiton FALCON® airborne gravity gradiometry technology (AGG) on a global basis for oil and gas exploration. The agreement has expired in March leaving Gippsland Offshore free to use their in-house data integration and interpretation tools developed for the AGG technology unencumbered.
The AGG technology was key to successful bids in Jamaica, Kenya and most recently in France and Madagascar for Gippsland Offshore.
Updated 6 Apr 2009
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How airborne gravity gradiometry works
Airborne gravity gradiometry technology (AGG), has been important to many of GOP’s exploration plays around the globe. It not only makes high resolution rock density mapping possible, it also accelerates the exploration process, reducing costs and increasing the rate at which targets are identified, ranked and drilled.
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