Shearwater GeoServices, ConocoPhillips Reveal Tech Collab
Summary
Offshore seismic surveyor Shearwater GeoServices has signed a technology sale and transfer deal with the oil firm ConocoPhillips, involving seismic imaging technology that will be implemented in Shearwaters Reveal software. According to Shearwater, Reveal provides time and depth processing and imaging for both land and marine environments from within a single user interface. The software is licensed to oil and gas companies, contractors, consultants and is used by academia for both teaching and research. "With this partnership, the companies will collaborate closely to allow Shearwater to incorporate ConocoPhillips’ Compressive Seismic Imaging (“CSI”), and other imaging-related algorithms into Reveal. “Partnering with clients on technology is a key element of our strategy, enabling them to increase value-add from their core activities by leveraging the Reveal seismic platform.” ConocoPhillips will become a user of Shearwater’s Reveal seismic processing and imaging software while Shearwater has committed to support future development and use of the CSI technology, and to provide ConocoPhillips with potential future seismic acquisition design and imaging services.