JV to develop, test, sell permanent full-wave seismic system

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

Offshore staff

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

It is expected that a pilot system will be in place on a producing Hydro asset before the end of 2008.

Permanent sea-bottom systems enable 4D measurements of seismic responses which can infer pressure and saturation changes as well as fluid movements within reservoirs.

I/O will license technology to the JV, including sale of VectorSeis full-wave seismic sensors, and contribute technical personnel to system development. HTV will provide the capital for the program and identify an asset for the field trial of the initial system.


06/27/2007

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