MicroSeismic, Inc. to Install BuriedArray for Husky Energy, Inc.
MicroSeismic's 40th Installation Globally
CALGARY, AB -- (Marketwire) -- 03/21/13 -- MicroSeismic, Inc.
(MicroSeismic) announced today that it has been awarded a contract to
install its 40th BuriedArray(TM) microseismic monitoring program.
MicroSeismic will install the array, which will provide microseismic
monitoring, mapping and analysis for hydraulic fracturing for Husky
Energy, Inc.'s (TSX: HSE) field development program. This will enable
them to improve recovery efforts in a variety of reservoir conditions
for their wells.
"This is another milestone for MicroSeismic as we celebrate our tenth
year in business," said Peter Duncan, Ph.D., Founder and CEO of
MicroSeismic. "We were the first to commercialize near surface
microseismic acquisition in 2009 with the BuriedArray. The rapid
adoption of the solution by customers helps demonstrate its value. It
is an excellent solution for companies who want to cost effectively
improve field development plans and not extrapolate from single well
results. We are pleased to work with Husky to assist them in
achieving their production goals."
MicroSeismic's BuriedArray data acquisition service deploys a
permanent array of geophone strings installed in the near surface and
can monitor areas of more than 500 square miles. BuriedArray
monitoring service uses patented PSET(R) technology to provide
results that show how fractures are propagating during the well
treatment. In addition, by determining source mechanisms, PSET
processing provides a greater understanding of the effectiveness of
the stimulation treatment.
The BuriedArray service is ideal for operators who need to monitor
multiple wells or require monitoring through the life-of-field. The
wide area coverage provides economies of scale. As more wells are
monitored under the same array, costs decline dramatically relative
to any other microseismic acquisition techniques. The ability to
monitor large areas repeatedly with the same equipment leads to more
strategic field planning and development and the ability to monitor
MicroSeismic, Inc. is an oilfield services company providing
real-time monitoring and mapping of hydraulic fracture operations in
unconventional oil and gas plays in nine countries and every major
shale play in North America. Founded in 2003, MicroSeismic is the
pioneer in monitoring microseismic activity utilizing surface and
near-surface arrays. The company helps oil and gas companies
understand how the reservoir responds to stimulation and its impact
on customer economics.
For more information visit: www.microseismic.com
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