Spectraseis Announces Joint Industry Project (JIP) for Low Frequency Seismic Research
24 October 2009
Spectraseis today 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 India, 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 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."
Established in 2003, Spectraseis is the principal technology and service provider in the fast-emerging field of low frequency seismic geophysical surveys and data analysis. Spectraseis helps oil and gas companies reduce risk and more efficiently find and produce hydrocarbon reserves by providing new subsurface information. In October 2007, Spectraseis won the 2007 World Oil Award for Best Exploration Technology. In 2009 Spectraseis received the annual Swiss Economic Award in the category high-tech/biotech.
Established in 2003, Spectraseis is the principal technology and service provider in the fast-emerging field of low frequency seismic geophysical surveys and data analysis. Spectraseis helps oil and gas companies reduce risk and more efficiently find and produce hydrocarbon reserves by providing new subsurface information. In October 2007, Spectraseis won the 2007 World Oil Award for Best Exploration Technology. In 2009 Spectraseis received the annual Swiss Economic Award in the category high-tech/biotech.