Geoservices, IFP sign 2.5 million euro product contract

By an OGJ correspondent

PARIS, Apr. 4 -- Geoservices, a worldwide French oil services company, and Institut Français du Pétrole (IFP) have signed a 2.5 million euro, 3-year contract to develop innovative products to aid in oil drilling surveillance and in oil and natural gas production. IFP will contribute its scientific and technological knowledge to the partnership.

The program will involve the development of new materials, new physics, and geochemical measures as well as the modeling of complex oil processes, the companies said.

Applications will be possible in different areas such as measure-while-drilling and production operations, and in interpretation of gases extracted from mud.