>I don't know if this technology is a branch of this or not, but if it is, it should be very accurate, as long as it is downhole, I could not see it being possible from the surface.

I think they work on the same principle. Another thing is also similar they both depend on software programs. However MIR programs do not need to be recalibrated for every other human being, because the composition of the human body is constant. But we cannot make the same claim for the geological composition of different basins around the world; therefore the programs may require some fine tuning.

By the way there is a downhole method of this technology.

“In the area of real-time measurement, the DOE/NETL Deeplook consortium has initiated an effort to use borehole seismic imaging supplemented with electromagnetic methods, to map fluid content at distance up to 200 meters from the bore hole with resolution comparable to existing logging methods. The hypothesis being that seismic methods will provide information on the structural and mechanical properties of the medium and the conductivity will provide independent information on the fluid state. Jointly, these measurements will provide a more complete map of the fluid distribution and matrix properties.”

http://www.netl.doe.gov/technologies/oil-gas/EP_Technologies/ReservoirChar/DownholeMeasurement/Downhole_Measurement.html