Acorn Energy’s subsidiary company dealing with manufacture, design and sales of fiber optic-based sensor systems, US Seismic Systems has announced that Ocean Bottom Cables will also be made a part of their product offering.
The ultra high sensitivity fiber optic sensor designed for undersea surveillance is a vital component for permanent reservoir monitoring (PRM). The Ocean Bottom Cables will be on exhibit from 18-23 September at the 2011 Annual Meeting of Society of Exploration Geophysicists held at San Antonio, Texas.
PRM is an essential component of the 4D seismic market. The value of the market in 2010 was estimated at over $1 billion with towed streamers occupying majority of the market share. It is projected that within the next few years, the marine 4D market will grow by more than $2 billion. Fiber optic-based solutions are expected to revolutionize the industry since they offer higher reliability and better performance at a lower cost.
The Chief Executive Officer of US Seismic Systems, Jim Andersen stated that due to the continuing decline of oil production from operational offshore fields, offshore oil operators need to expand their enhanced oil recovery techniques to ensure the curtail the issue. The Ocean Bottom Cables is a cost effective solution as compared to recurring 3D seismic surveys. The product tremendously reduces the expenses associated with PRM.
The Chief Executive Officer of Acorn Energy, John Moore stressed that the team at US Seismic have developed the technology from security, defense and oilfield downhole reservoir stimulation applications.
Source: http://www.ussensorsystems.com