Shearwater GeoServices has announced a technology sale and transfer agreement between its US subsidiary Shearwater GeoServices Software Inc. and ConocoPhillips, involving seismic imaging technology that will be implemented in Shearwater’s Reveal software.
With this partnership, the companies will collaborate closely to allow Shearwater to incorporate ConocoPhillips’ Compressive Seismic Imaging (CSI) and other imaging-related algorithms into Reveal. CSI enables geoscientists to reconstruct more accurate and higher quality seismic images with less data, and has enabled ConocoPhillips to improve decision quality, reduce cost and improve efficiency when exploring new areas. The technology will be commercialized for existing and future customers.
“This is a significant collaboration agreement for both companies, and a commitment by Shearwater to developing and deploying state-of-the-art technology and software to the benefit of our clients”, said Simon Telfer, SVP Seismic Processing and Imaging at Shearwater. “Partnering with clients on technology is a key element of our strategy, enabling them to increase value-add from their core activities by leveraging the Reveal seismic platform.”
Compressive seismic imaging
As part of the collaboration, ConocoPhillips will become a user of Shearwater’s industry leading Reveal seismic processing and imaging software while Shearwater has committed to support future development and use of the CSI technology, and to provide ConocoPhillips with potential future seismic acquisition design and imaging services. The agreement also involves world-leading high-performance computing infrastructure with over 4,500 compute nodes and 50 Petabytes of storage, which will be deployed throughout Shearwater’s seismic acquisition fleet.