Petroleum Africa
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Thursday, October 2, 2014
Release
MicroSeismic, Inc. (MicroSeismic) and PanAmerican Geophysical Company Limited (PanAmerican) announced today that they have entered into a partnership to jointly provide microseismic monitoring services in select geographical areas.
The partnership will initially focus on Latin America and Canada with subsequent expansion planned for other international locations. The joint services will combine PanAmerican’s substantial surface seismic capacity and expertise with MicroSeismic’s advanced Hydraulic Fracture Monitoring (HFM) and Completions Evaluation and Optimization Services.
Jeff Foster, President and CEO of MicroSeismic said, “We’re very pleased to partner with PanAmerican. The relationship is exclusive with initial focus areas in Latin America, in particular the rapidly emerging markets in Argentina and Brasil, and Canada providing our clients easy and efficient access to our services. We will be working closely with PanAmerican to provide seamless project management and execution as well as a single point of contact to enhance customer service.”
David Pratt, Chairman, PanAmerican said, “We chose to partner with MicroSeismic because of the company’s recognized industry leading technology and proven track record of providing results that assist in optimizing production. We have the dedicated expert resources and capacity required to expand the market use of HFM and look forward to leveraging both our strengths to deliver integrated, premium HFM services to the industry.”
Under the terms of the agreement, MicroSeismic’s PSET™ and Completions Optimization technologies will be utilized as an integral part of the processing and interpretation services provided. Both FracStar™ and BuriedArray™ installations will be deployed and operated using PanAmerican’s acquisition services.
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