SWISS company Spectraseis, a provider of low-frequency seismic solutions to the upstream oil&gas industry, has reported that Malaysian state oil company Petronas has become the latest petroleum company to join the so-called Low Frequency Seismic Partnership (LFSP).
Petronas has therefore joined existing members Cairn, Chevron, ExxonMobil, GDF Suez and Pemex in the research and development of low-frequency seismic technologies as part of the three-year JIP (joint industry project).
The news follows a number of recent low-frequency (LF) seismic milestones, including the completion of an extensive synchronous survey for Shell in Egypt, and the current acquisition of the most comprehensive LF data set to date over a gas storage facility in France, a project sponsored by the LFSP.
The programme is designed to capture the main application elements of low-frequency seismic technology, such as data acquisition and processing, as well as fundamental theoretical studies, in partnership with researchers at Spectraseis, the Swiss Federal Institute of Technology (ETH) in Zurich and the University of Bern, Switzerland.
In October 2007, Spectraseis won the 2007 World Oil Award for Best Exploration Technology.