Magseis, Shell sign joint development agreement

Offshore staff

LYSAKER, Norway Magseis has entered into an agreement with Shell for the further joint development of a system to deploy Magseis’ MASS technology in ultra-deepwater.

According to the company, the agreement regulates the further work leading up to a full-scale pilot test which is planned for completion in early 1Q 2016 and through to the commercial deployment of the system which is planned for early 2017. The project will be jointly financed by Shell and Magseis with a significant contribution from Innovation Norway.

Magseis CEO Ivar Gimse said: “The agreement marks an important milestone in our work to capitalize on the unique characteristics of our sensors (small size, low cost, depth rated to 3,000 m) in order to supply highly efficient ocean bottom seismic acquisition in ultra-deepwater with the positioning accuracy required for 4D work. This system will be an important add-on to our product portfolio and, based on the feedback from clients, we believe it holds great commercial potential.”

11/16/2015

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...