Magseis Eyes Cheaper OBS Data Acquisition with Seismic Apparition Deal

Magseis and Seismic Apparition have signed an exclusive technology agreement to jointly develop and implement a new technology that could reduce the operational time for ocean bottom seismic.

According to Magseis, technology development will be completed over the next 9 months and commercial field tests are scheduled for 2018.

With the so-called ‘source isolation technology’ the companies aim to reduce cost of acquiring OBS data by 30-50%. The source isolation technology should be applicable both for reservoir 4D projects and more regional surveys.

Johan Robertsson, CEO of Seismic Apparition, said: “We are delighted to be teaming up with Magseis ASA for the introduction of our source isolation technology for ocean bottom seismic services. We have a strong IP portfolio and a pipeline of complementary products that we will be continuing to engineer going forward. Our collaboration with Magseis, which is exclusive for OBS, is an important first step for us and we are excited about helping Magseis improve both quality and productivity at the same time.”

Idar Horstad, CEO of Magseis, said: “Since Magseis was founded in 2009 we have challenged the cost of acquiring OBS data. The combination of our efficient, robust and reliable MASS technology with the source isolation technology from Seismic Apparition, will enable Magseis to deliver the same high quality OBS data to our customers at a significantly lower cost. We are confident that this will be instrumental in increasing the size of the OBS market.”

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