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Hydro forms “permanent” seismic joint venture

Published Jun 15, 2007

seabed seismic input output

Hydro Technology Ventures has formed a joint venture company with Input-Output, Inc. and Reservoir Innovation to develop, pilot test, and commercialize a full-wave seismic system for the permanent monitoring of offshore reservoirs.

Permanent sea-bottom systems enable geoscientists to take time-lapse (4D) measurements of seismic responses from which they can infer both pressure and saturation changes, as well as fluid movements, within hydrocarbon reservoirs.

The companies will hold equal shares in the new company, however I/O will license technology to the group, including the sale of VectorSeis® full-wave seismic sensors. Hydro will supply the capital.

“We needed an oil & gas company to step ahead of the pack and work with us to develop and field test the system, Input-Output chief exec Bob Peebler said in a statement.

 

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