ABERDEEN company ffA (Foster Findlay Associates) and TerraSpark Geosciences have agreed to mutually explore advancement of 3D seismic analysis and interpretation capabilities and to explore parallel research and development programmes.
The duo say that the challenges faced in exploration and production demand radically new seismic interpretation workflows.
They say, too, that by defining rapid, accurate and robust methods for building geologically consistent 3D representations of the subsurface, new levels of interpretation productivity and insight can be reached.
They point out that the process is technically demanding, requiring novel interactive tools that efficiently harness the expert knowledge of the interpreter within a highly interactive, data-driven process.
ffA and TerraSpark already deliver these tools and say that innovation may be greatly accelerated by combining their individual strengths in image analysis, interpretation, and visualisation.
Jonathan Henderson, ffA’s MD, said: “ffA believes in working openly with other leading technology companies to facilitate converting innovation into practical solutions.
“ffA and TerraSpark share a vision that includes delivering tools that will dramatically improve interpretation accuracy, productivity and confidence through positioning 3D seismic analysis at the heart of next-generation interpretation workflows. In working together, we have the potential to bring the benefits of this vision to our users much more quickly and cost-effectively.”
Geoffrey Dorn, CEO at TerraSpark, said: “We are excited about the potential of this agreement to accelerate the development of new interpretation technologies for today’s E&P challenges, capitalising on the synergies between TerraSpark’s Insight Earth, our flagship platform providing revolutionary 3D interpretation techniques, and ffA’s world-leading SVI Pro and SEA 3D Pro seismic analysis software.
“Working with ffA offers an opportunity for us to extend TerraSpark’s True Volume value proposition by achieving new thresholds in performance.”
ffA has so far maintained its independence despite its willingness to enter close collaborations. The company is located on Aberdeen’s science and energy park.