PanGeo Subsea, Global Geophysical Services form JV
Geophysical service and technology providers PanGeo Subsea and Global Geophysical Services (GGS) have signed an agreement for development and commercialization of the Acoustic Zoom product line.
Acoustic Zoom uses steered beams of acoustic energy to produce 3D seismic images of the subsurface with higher definition than can be attained with conventional seismic migration techniques.
The product line also offers the potential for providing new insight into the internal character of petroleum reservoirs, the companies said.
An Acoustic Zoom project of 12.5 sq km has already been jointly acquired by the parties over GGS's Wrangler 3D multi-client survey in Wilson County, Texas, over the prolific Eagle Ford (shale), Austin Chalk (chalk), and Buda (limestone) formations.
Under the latest deal, GGS becomes a minority shareholder in the jointly owned entity Acoustic Zoom formed in Canada.
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Exploration & Development Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.