Spectraseis wins World Oil Award

The prestigious annual award was announced before close to 350 industry leaders at a black-tie gala dinner in Houston, Texas on Wednesday October 17, 2007.

Spectraseis was recognized for its advanced low frequency signal processing technologies used to identify and delineate hydrocarbon reservoirs from the surface without drilling.

“The World Oil Awards showcases the tremendous innovation and technological breakthroughs driven by the global petroleum industry," said John "Rusty" Meador, President and CEO of Gulf Publishing Company. "It's a way for the industry to come together to recognize their peers and to continue to inspire the best and the brightest to join the ranks of this global business."

Spectraseis is the second company backed by StatoilHydro to win the award in the past five years, after emgs took home the trophy for Best Exploration Application in 2003.

About the World Oil Awards
The World Oil Awards, now in its fifth year, exists to recognize outstanding accomplishments, applaud and showcase innovative thinking and foster new leadership in the oil and gas industry. This year's program featured 12 award categories spanning virtually all aspects of the upstream industry, from Best Drilling Technology to Best Outreach Program, and drew candidates from throughout the globe. En masse, the 12 categories represent the greatest innovators and innovations in global upstream petroleum industry.