2012-10-23 18:13:19 -
Jersey, Channel Islands, October 23, 2012 /FSC/ has entered into an agreement with NanoSeis LLC to commercialize the Narrow Beam Scan (NBS) microseismic technique.
The technique is the result of extensive research and development by NanoSeis seeking to improve the detectability, spatial mapping, and understanding of the nature of microseismic events during the hydraulic fracturing process. The accurate mapping and understanding of such events allows oil and gas companies to optimize their hydraulic fracturing expenditure and to confirm that the fractures stay within the intended formations.
The technique uses a small number of patches of densely spaced geophones strategically placed over the fracturing zone of interest. The patches allow un-aliased sampling of the 3D wave fields that are generated by
the fractures, which enables a full suite of advanced seismic processing methods to be used to suppress noise, detecting many more real events while eliminating false events caused by poor sampling and noise. The patch geometries facilitate accurate event positioning and the multiplicity of patches can provide increased confidence on the accuracy of each fracture location. The technique can be used in conjunction with a monitor well, or as a stand-alone service.
In a recent proof of concept survey conducted in a high noise area, NBS generated excellent agreement with events detected in a monitor well, and provided a significant increase in accuracy in the location of the events.
PanAmerican is now deploying the NBS capability to its operating companies in Argentina, Brasil, Canada, Colombia, and in the United States, which will then serve as hubs to offer the services in neighboring countries.
Mark Farine, Pan American's CEO commented "We are delighted to have entered into this agreement with NanoSeis which allows us to offer the most impressive surface microseismic technique we have seen. Many of our clients have commented that they would like to see improved fidelity in their fracture monitoring and we are confident that the NBS product will meet this need."
Dave Diller of NanoSeis commented "It's clear that operators are ready for an improved method for surface microseismic monitoring. The Narrow Beam Scan is really just a back-to-basics approach - start with a un-aliased measurement of the wave field, apply 3D filters instead of 2D filters, and good results will follow. We're very pleased to be able to leverage the experience and operation excellence of PanAmerican to commercialize the method."
Learn more about PanAmerican Geophysical by visiting www.panamgeo.com or email
infor@panamgeo.com.
ENDS
For further information please contact:
Mark Farine
Chief Executive Officer
Centro Empresarial Barra Shopping
Av das Americas, 4200, Bloco 04
Ed. Buenos Aires, Sala 309
Barra da Tijuca
Rio de Janeiro, RJ
22640-907
mark.farine@panamgeo.com
Dave Pratt
Chairman
Investor Relations
+44 4534 760000
dave.pratt@panamgeo.com
About PanAmerican Geophysical
PanAmerican Geophysical, headquartered in Jersey, The Channel Islands, provides diversified seismic solutions to the oil and gas industry including conventional and 3C onshore seismic acquisition services, shallow water or transitions zone acquisition services, micro-seismic monitoring utilizing surface to downhole monitoring sensors, VSP acquisition services, and Multi-Client data acquisition. PanAmerican Geophysical applies experience and innovation coupled with leading-edge technology. Delivering on-time quality results through increased operational efficiency, PanAmerican Geophysical is able to significantly reduce costs, without compromising the safety of our personnel and the integrity of the environment.
About NanoSeis
NanoSeis is a company that specializes in reliable surface microseismic monitoring and quality control. For more information visit www.nanoseis.com, or email
info@nanoseis.com.
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