POINT OF VIEW: Technology called key to geophysical industry's recovery

10/20/2003
Recovery of the troubled geophysical industry will spring from the industry's core strength, predicts the incoming president of the Society of Exploration Geophysicists.That strength, says Peter M. Duncan, founding president of MicroSeismic Inc., is technical innovation.To escape what Duncan calls "a double whammy" now plaguing it, the industry must develop technologies that improve returns on money spent on exploration. Incoming SEG PresidentPeter Duncan"The western companies will have to invent some technology that gives them a market edge."Click here to enlarge imageA surge in seismic activity in the 1990s produced a surfeit of data without yielding enough profitably large discove...
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