Collaboration, cost reduction key to speeding take-up of new seismic technology

A key issue facing the petroleum industry in its efforts to find and produce more oil and natural gas is the slow take-up of new technology.Nowhere is that more so the case than in the seismic business-a high-cost sector that nevertheless has yielded technology advances with greater impact than any other in the industry’s recent history.Seismic services contractors have undertaken the bulk of the field’s technology research and development in the past 2 decades, watching their returns on investment in promising new technologies dissipate as operators remained reluctant to adopt them. That occurs despite the game-changing impact on operators’ bottom lines in recent years ...

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