Geotrace Technologies Inc. and Prospectiuni SA have formed a strategic alliance providing processing and interpretation services to exploration and production (E&P) companies in Southeastern Europe. The venture will operate within Prospectiuni’s Bucharest headquarters.
The partnership will capitalize on Prospectiuni’s seismic data processing and interpretation services, and on Geotrace’s seismic imaging technology and reservoir services.
“This venture expands the Geotrace branded subsurface imaging into Eastern Europe,” said Bill Schrom, CEO of Geotrace. “When these technologies are combined with Prospectiuni’s excellence in service and support, you have a situation that can’t be matched in the region.”