Spectraseis Launches New Borehole Tool for LF and Microseismic Surveys

Spectraseis Launches New Borehole Tool for LF and Microseismic Surveys

ID: 22416

(Thomson Reuters ONE) -
Spectraseis AG / Spectraseis Launches New Borehole Tool for LF and Microseismic Surveys processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Barcelona, Spain, June 15, 2010. Spectraseis, the leading provider of low
frequency (LF) seismic solutions to the upstream oil and gas industry, today
announced the launch of a high-tech new borehole receiver array for low
frequency and microseismic measurements. The announcement was made at the
72(nd) EAGE Conference & Exhibition being held in Barcelona.



The new 4.4" OD (outside diameter) tool, which features six levels of
high-sensitivity active receivers, has been designed for multiple downhole
applications, including LF seismic surveys and microseismic monitoring projects.
It is designed to be safely deployed and recovered on a tubing string in casing
as small as 5.5" OD and in wells with temperatures of up to 160 degrees
Fahrenheit (70 degrees Celsius).



Scheduled for delivery in October 2010, the tool has been developed by
Spectraseis through the integration of a group of scientists and specialist
engineering firms. The first deployment is planned shortly afterwards.



This unique instrument includes the following features:

* Broadband recording  The tool acquires three-component broadband
measurements from 0.1 to 1000 Hz, allowing for both low frequency and
microseismic applications.

* High-sensitivity receivers  Active geophones capable of recording wavefields
to -190 dB are used in a multi-component configuration to fully sample weak,
ambient or induced seismic activity.

* Multi-level array  The receiver array has six independent levels to
facilitate source localization and directional analysis with adjustable
vertical configurations.





* Deployable in deviated wells  A specially-designed gimbaling mechanism
allows for accurate measurements in boreholes which are deviated up to 24
degrees.

* Safe deployment  A high degree of deployment confidence is a key design
feature. The tool is fully self-contained and operates autonomously, with no
cables running to the surface. All data is recorded and digitized downhole,
using onboard power sufficient for up to eight days of deployment.



Rob Habiger, Chief Technology Officer (CTO) at Spectraseis, commented:



"This new broadband multi-level receiver array is unique in providing a highly
sensitive, safe and flexible downhole tool that can be used in a wide range of
geophysical applications. Our program for the tool includes measurements in
multiple wellbores combined with surface LF data acquisition. I look forward to
seeing a number of successful deployments over the coming months."



The 72(nd) EAGE Conference & Exhibition with the conference theme 'A New Spring
for Geoscience' is being held from June 14 to 17 2010.  Spectraseis will be
presenting six papers at the conference this year, covering a wide technical
spectrum ranging from theoretical research to applied case studies. The
Spectraseis exhibition stand is at #733.




Note to editors



About Spectraseis



Established in 2003, Spectraseis is the principal technology and service
provider in the fast-emerging field of Low Frequency (LF) 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 2009 Spectraseis received the annual Swiss Economic
Award in the category high-tech/biotech. In October 2007, Spectraseis won the
2007 World Oil Award for Best Exploration Technology.



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 improve the industry's environmental performance.



For more information, please visit www.spectraseis.com




###



All product and company names herein may be trademarks of their respective
owners.



For further information, contact:



Robert (Rob) Habiger, Chief Technology Officer, Spectraseis AG
Tel. +41 43 500 5827

rob.habiger(at)spectraseis.com



Brice Bouffard, Vice President Marketing, Spectraseis

Tel. +41 43 500 5849 or +41 78 907 0549

brice.bouffard(at)spectraseis.com



Paul Fisher, Axiom Communications Management
Tel: +44 (0) 1285 713 776

pfisher(at)axiomcomms.com







[HUG#1423696]



--- End of Message ---

Spectraseis AG
Giessereistrasse 5 Zurich Switzerland



Spectraseis press release New Borehole Array 15 June 2010 EAGE.pdf: http://hugin.info/137808/R/1423696/372534.pdf




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Datum: 15.06.2010 - 08:00 Uhr
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News-ID 22416
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