Spectraseis Announces JIP for Low Frequency Seismic Research

October 26, 2009 at 9:57 pm Leave a comment

Zurich-based Spectraseis, provider of low frequency seismic solutions to the upstream oil and gas industry, announced the formation of a multi-year Joint Industry Project (JIP) for the research and development of low frequency seismic technologies for hydrocarbon reservoir detection and characterization. This cooperative program is called the Low Frequency Seismic Partnership (LFSP).

            Confirmed participants in the LFSP, which will run for three years through 2012 are Cairn, Chevron, ExxonMobil, GDF Suez and Pemex. An Asian national oil company will join the LFSP over the coming months.

            The scope of the LFSP program will cover key application elements of low frequency seismic technology, such as data acquisition and processing, as well as fundamental theoretical studies, in partnership with researchers at Spectraseis, the Swiss Federal Institute of Technology (ETH) in Zurich and the University of Bern, Switzerland. Participants will be at the leading edge of the latest research on low frequency seismic applications and will learn how to extract the maximum value from this technology for their companies.

            Spectraseis CTO Rob Habiger said: “We are very excited to be launching this industry collaboration today, which will expand the body of core research around this important topic. We are looking forward to working with an outstanding group of international operators. The experience and technical expertise they bring will help us to continue our strong focus on the application of low frequency seismic solutions to meet important industry challenges.”

            Spectraseis researches and applies proprietary technologies to acquire and analyze low frequency (<10 Hz) seismic background waves continuously present in the Earth’s subsurface in order to identify spectral attributes indicating the likely presence or absence of hydrocarbons and other characteristics of subsurface reservoirs within a survey area. The resulting information can greatly reduce the risk and improve the success rate of costly oil exploration and drilling activities and improve decision-making throughout the life of a field. Broad adoption of the company’s technology by the global oil and gas exploration and production industry can be expected to save billions of dollars each year, which is currently expended on non-productive exploration surveys and dry wells, as well as significantly improve the industry’s environmental performance.

www.spectraseis.com

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Entry filed under: Geoscience & Exploration Solutions, The Bleeding Edge. Tags: , , , , , , , , , .

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