PETROALLINCE BUYS INPUT/OUTPUT'S VECTORSEIS FOR SEISMIC DATA.
"PetroAlliance's purchase of I/O's VectorSeis System Four illustrates another of our key investments in next-generation technology that will further build our leadership in the Russian market," said Andre Niziev, PetroAlliance's vice president of Seismic Operations. "VectorSeis enables us to deliver leading edge imaging solutions for our customers while reducing cycle-time and cost through faster field deployment. As we expand our partnership with I/O, we are positioned to deliver significant improvement in operational efficiencies and seismic image quality, including providing our customers with an option to cost-effectively acquire full wave, multicomponent data."
Jorge Machnizh, I/O's COO, added, "Input/Output is very excited to expand our partnership with PetroAlliance, a premier seismic acquisition contractor and a leader in this key market. PetroAlliance's purchase of I/O's VectorSeis System Four supports our strategy to expand I/O's international business and increase our penetration in hydrocarbon-rich regions such as the Former Soviet Union. Our new and existing clients are already generating returns on their investment in VectorSeis digital technology by reducing E&P risks, optimizing well placement, and maximizing production. I/O's technology provides geoscientists and reservoir engineers with the highest confidence in their subsurface interpretations and reservoir management decisions."
VectorSeis technology improves the resolution of seismic images and more accurately defines subtle hydrocarbon accumulation features. VectorSeis enables seismic contractors to obtain best-in-class, single component pressure wave data on behalf of their oil company customers, while also providing the flexibility to record full wave, multicomponent data needed to take reservoir resolution to the next level of detail.
VectorSeis is I/O's technology platform for developing next-generation seismic acquisition systems for land, seabed and in-well imaging. The all- digital acquisition systems have been proven in 60 surveys and more than 400 million traces worldwide.
PetroAlliance is one of Russia's largest service companies, providing a broad range of exploration and development services for oil and gas fields in line with world standards.
For more information, visit http://www.petroal.ru.
Input/Output, Inc. is the major independent provider of seismic equipment and acquisition imaging technology for land, marine, and seabed applications. In addition, through its GMG/AXIS group, I/O offers specialty seismic processing services -- including anisotropic velocity modeling -- that allow oil companies to more accurately image subsurface features in petroleum reservoirs. The company's technologies are applied in traditional 2D and 3D surveys along with rapidly growing areas like time-lapse 4D reservoir monitoring and full wave, multicomponent data acquisition. I/O has offices in the United States, Canada, Europe, China and the Middle East.
For more information, visit http://www.i-o.com or or call 281/552-3000
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|Date:||Jan 1, 2004|
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