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Stingray Geophysical Limited – www.stingraygeo.com - has been contracted by BP to conduct two Life of Field Seismic (LoFS) feasibility studies. The studies will identify the requirements for an integrated approach to LoFS or Permanent Reservoir Monitoring (PRM) on the Clair and Schiehallion fields, operated by BP in the UK North Sea.

The first study will focus on the challenges of installing LoFS solutions on the Clair field. The second study will evaluate the impediments and risks associated with cost-effective LoFS solutions for the Schiehallion field on the Atlantic margin. The field is produced through sub-sea completions and an FPSO, resulting in an obstructed and changing seabed environment which presents new challenges for the installation of PRM systems.

Recognising BP’s position as an industry leader in the commercial application of Life of Field Seismic, Martin Bett, Stingray’s Chief Executive, said: “We are delighted to be pooling our collective knowledge and experience with BP to address the issues surrounding cost-effective and successful LoFS projects. Stingray has adopted a full life-cycle approach to reservoir monitoring and has been working on novel installation methods for its Fosar® seismic PRM solution for some time. The most effective project approaches will understand the interdependencies and opportunities provided by taking an integrated approach to the supply of equipment and its installation. We look forward to working closely with BP on these studies so that LoFS can make an increasingly important contribution to optimising BP’s reservoir management strategies.”

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For further information, please contact:

Tracey Ives, Stingray Geophysical Limited
Tel: +44 (0)1483 685 407
Fax: +44 (0)1483 688 106
Email: ti@stingraygeo.com

NOTES FOR EDITORS

About Stingray Geophysical Limited

Stingray’s sole focus is providing the most advanced permanently installed reservoir monitoring solutions to the global oil and gas industry. Founded in March 2006 to commercialise a unique fibre-optic sensing technology – now called Fosar® - for Seismic Permanent Reservoir Monitoring (Seismic PRM), Stingray enables oil and gas companies to accelerate production and increase their reserves while reducing cost and risk through improved reservoir management strategies.

The core technology was originally developed for anti-submarine warfare and security purposes by the UK’s defence research laboratories and is now being exploited for advanced fibre-optic oil and gas seismic sensing applications by Stingray under exclusive licence. Together with its partners, Stingray offers a complete solution from planning through to processing and answer products.

“Stingray”, “Fosar” and “Listening with light” are registered trademarks of Stingray Geophysical Limited.

This press release was distributed by ResponseSource Press Release Wire on behalf of Stingray Geophysical Limited in the following categories: Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.