PGS, SeaBird to cooperate on OBN deepwater development

Petroleum Geo-Services and SeaBird Exploration have signed a cooperation agreement to develop ocean bottom node technology for deepwater.

Offshore staff

LYSAKER, Norway – Petroleum Geo-Services and SeaBird Exploration have signed a cooperation agreement to develop ocean bottom node technology for deepwater.

The use of nodes for 3D, 4C and 4D seismic in deep waters, to map challenging reservoirs, will be particularly attractive combined with PGS’ broadband GeoStreamer and GeoSource technology, according to the agreement. PGS will have exclusive rights to offer SeaBird’s autonomous seabed recording technology in Brazil.

In the cooperation agreement, the parties have expressed intentions to explore further areas of cooperation, such as data processing and use of GeoStreamer on Seabirds’ 2D vessels.

“This agreement enables the two companies to provide a complete seismic offering in deepwater areas, in areas with complex geology, and in areas with heavy infrastructure on the sea bottom,” said PGS CEO Jon Erik Reinhardsen. “SeaBird is the market leader for nodal seismic operation in deepwater. The cooperation with PGS will further strengthen that position.”

1/27/2011

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