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.