Since July 2023, onshore seismic data company STRYDE has secured 11 new contracts, delivering subsurface insights to companies across the globe, the company announced July 23.
STRYDE provides its conventional and in-field processing services for 2D and 3D seismic surveys in various countries, including Saudi Arabia, Pakistan, Ukraine, the U.S., Colombia and Brazil. STRYDE Lens, the company’s in-field processing solution, has been selected for four of the 11 processing projects.
Earlier this year, DTEK Oil and Gas, Ukraine’s largest private energy operator, purchased STRYDE’s nodal acquisition system and processed the acquired data using the STRYDE Lens solution. The use of STRYDE Lens reduced the time between acquisition and delivery of the seismic image by 88%.
“The quality of the Lens image rivaled that of the conventional processed image that was concurrently being progressed and took four months to deliver,” Yevgeniy Solodkyi, DTEK’s head of exploration, said in a press release. “During a critical phase of our drilling program, this rapid delivery was instrumental. The detailed structural insights provided by the STRYDE Lens image enabled us to swiftly pinpoint optimal drilling locations and move the drilling equipment to the relevant location much earlier than expected.”
Companies in the mining, water exploration and oil and gas sectors have also chosen STRYDE for conventional production processing of 2D lines and 3D seismic surveys.
Recommended Reading
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
2024-09-20 - Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.