Hydro invests in new geophysical technology
Published in
Oilvoice
Date of publication
21 November 2005
Summary
Zurich-based Spectraseis Technologie AG provides surveys and data processing services using ultrasensitive spectrometers and proprietary software to generate maps showing probable distributions of hydrocarbon deposits in a survey area, based on the analysis of passive, low frequency seismic data.
"The method increases the probability of discovery and helps improve exploration efficiency by reducing costs and the time it takes to find oil and gas," says Arne Frøiland, Technology Ventures' investment manager.
"New upstream technologies are a strategic focus for Technology Ventures," adds Frøiland. "We are working closely with Hydro's research team in Bergen. The company's seismic expert group is working jointly with Ventures and Spectraseis in order to identify applications for the technology internationally, both offshore and onshore."
"The method increases the probability of discovery and helps improve exploration efficiency by reducing costs and the time it takes to find oil and gas," says Arne Frøiland, Technology Ventures' investment manager.
"New upstream technologies are a strategic focus for Technology Ventures," adds Frøiland. "We are working closely with Hydro's research team in Bergen. The company's seismic expert group is working jointly with Ventures and Spectraseis in order to identify applications for the technology internationally, both offshore and onshore."
