Spectraseis AG: Spectraseis Launches New Borehole Tool for LF and Microseismic Surveys

Spectraseis AG / Spectraseis Launches New Borehole Tool for LF and Microseismic Surveys
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Barcelona, Spain, June 15, 2010. Spectraseis, the leading provider of low frequency (LF)
seismic solutions to the upstream oil and gas industry, today announced the launch of a
high-tech new borehole receiver array for low frequency and microseismic measurements.
The announcement was made at the 72ndEAGE Conference & Exhibition being held in
Barcelona.

The new 4.4″ OD (outside diameter) tool, which features six levels of high-sensitivity
active receivers, has been designed for multiple downhole applications, including LF
seismic surveys and microseismic monitoring projects. It is designed to be safely
deployed and recovered on a tubing string in casing as small as 5.5″ OD and in wells
with temperatures of up to 160 degrees Fahrenheit (70 degrees Celsius).

Scheduled for delivery in October 2010, the tool has been developed by Spectraseis
through the integration of a group of scientists and specialist engineering firms. The
first deployment is planned shortly afterwards.

This unique instrument includes the following features:

* Broadband recording The tool acquires three-component broadband measurements from 0.1
to 1000 Hz, allowing for both low frequency and microseismic applications.

* High-sensitivity receivers Active geophones capable of recording wavefields to -190
dB are used in a multi-component configuration to fully sample weak, ambient or induced
seismic activity.

* Multi-level array The receiver array has six independent levels to facilitate source
localization and directional analysis with adjustable vertical configurations.

* Deployable in deviated wells A specially-designed gimbaling mechanism allows for
accurate measurements in boreholes which are deviated up to 24 degrees.

* Safe deployment A high degree of deployment confidence is a key design feature. The
tool is fully self-contained and operates autonomously, with no cables running to the
surface. All data is recorded and digitized downhole, using onboard power sufficient for
up to eight days of deployment.

Rob Habiger, Chief Technology Officer (CTO) at Spectraseis, commented:

“This new broadband multi-level receiver array is unique in providing a highly
sensitive, safe and flexible downhole tool that can be used in a wide range of
geophysical applications. Our program for the tool includes measurements in multiple
wellbores combined with surface LF data acquisition. I look forward to seeing a number
of successful deployments over the coming months.”

The 72ndEAGE Conference & Exhibition with the conference theme ‘A New Spring for
Geoscience’ is being held from June 14 to 17 2010. Spectraseis will be presenting six
papers at the conference this year, covering a wide technical spectrum ranging from
theoretical research to applied case studies. The Spectraseis exhibition stand is at
#733.

Note to editors

About Spectraseis

Established in 2003, Spectraseis is the principal technology and service provider in the
fast-emerging field of Low Frequency (LF) seismic geophysical surveys and data analysis.
Spectraseis helps oil and gas companies reduce risk and more efficiently find and
produce hydrocarbon reserves by providing new subsurface information. In 2009
Spectraseis received the annual Swiss Economic Award in the category high-tech/biotech.
In October 2007, Spectraseis won the 2007 World Oil Award for Best Exploration
Technology.

Broad adoption of the company’s technology by the global oil and gas exploration and
production industry can be expected to save billions of dollars each year which is
currently expended on non-productive exploration surveys and dry wells, as well as
improve the industry’s environmental performance.

For more information, please visit www.spectraseis.com http://www.spectraseis.com/

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All product and company names herein may be trademarks of their respective owners.

For further information, contact:

Robert (Rob) Habiger, Chief Technology Officer, Spectraseis AG
Tel. +41 43 500 5827

rob.habiger@spectraseis.com mailto:rob.habiger@spectraseis.com

Brice Bouffard, Vice President Marketing, Spectraseis

Tel. +41 43 500 5849 or +41 78 907 0549

brice.bouffard@spectraseis.com mailto:brice.bouffard@spectraseis.com

Paul Fisher, Axiom Communications Management
Tel: +44 (0) 1285 713 776

pfisher@axiomcomms.com mailto:pfisher@axiomcomms.com

mailto:pfisher@axiomcomms.com

mailto:pfisher@axiomcomms.com

HUG#1423696

Spectraseis press release New Borehole Array 15 June 2010 EAGE.pdf

http://hugin.info/137808/R/1423696/372534.pdf

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Spectraseis AG
Giessereistrasse 5 Zurich Switzerland