SOURCE: MicroSeismic, Inc

MicroSeismic, Inc

August 01, 2016 09:03 ET

MicroSeismic, Inc. Awarded First Permanent BuriedArray® in Argentina

HOUSTON, TX AND SAN ANTONIO, TX--(Marketwired - Aug 1, 2016) - MicroSeismic, Inc. (MicroSeismic), the inventor and leader of surface microseismic monitoring, today announced plans to install the first permanent BuriedArray® for a major operator in Argentina. The BuriedArray will be utilized for microseismic monitoring for four lateral wells within the Neuquén Basin.

The BuriedArray system consists of near-surface stations that will initially be used to monitor two pads and is scheduled to install in early 2016 by UGA SEISMIC S.A. (UGA), a PanAmerican Geophysical Company. UGA will also provide the microseismic data acquisition system, while MicroSeismic will deliver both hydrofracturing visualization and analysis of the wells' completions and life-of-field imaging of the reservoir from the BuriedArray. When calibrated by the 3D seismic, the BuriedArray will become a life-of-field asset for 4D reservoir monitoring and refracture imaging.

"Microseismic monitoring will help enhance completions and field development, and the BuriedArray is the most effective solution for monitoring multiple wells and full-field development of shale reservoirs from a cost and operational standpoint. Analysis provided by the BuriedArray system will be used to evaluate fracture geometry, map each well's reservoir drainage pattern, evaluate stimulation plans to enhance development and reservoir modeling throughout the life of the field and provide essential information on the economics of each well," said Dave Pratt, Chairman of The PanAmerican Geophysical Group.

"We are extremely pleased that MicroSeismic's BuriedArray technology has been chosen to kick off a lateral drilling campaign in South America. The BuriedArray continues to be the most economical and operationally effective solution available for long-term full-field microseismic monitoring, typically half the cost of installing equivalent monitoring capabilities in single-deployment arrays," said Peter Duncan, CEO and President, MicroSeismic. "We are also grateful to have UGA as our local partner, who will help provide our client with seamless project management and excellent customer service."

To date, MicroSeismic has installed over 50 BuriedArray systems, monitoring more than 15,000 stages for 230 wells on three continents. When used to monitor multiple wells and pads, the BuriedArray reduces the cost of microseismic monitoring to just a few thousand dollars per stage, realizing an excellent return on investment over the life of the asset.

About MicroSeismic, Inc.
MicroSeismic, Inc. is an oilfield services company providing microseismic-based Completions Evaluation Services in 18 countries. Founded in 2003, MicroSeismic is the leading provider of microseismic monitoring activity utilizing surface, near-surface, and downhole arrays. MicroSeismic's services allow oil and gas companies to gauge the quality of completions, improve production, and reduce costs in unconventional reservoirs. For more information about MicroSeismic, please visit www.microseismic.com.

MicroSeismic, Inc. trademarks are registered marks in the USA, Canada and other countries.

About UGA SEISMIC
UGA SEISMIC, a PanAmerican Geophysical Group company, is the leading seismic acquisition contractor in Argentina, providing comprehensive services in 3D and 2D land seismic data acquisition and the monitoring of hydraulic fracture treatments. With 23 years of accumulated experience and 25,000 square kilometers of data acquired, UGA SEISMIC's team of professionals have worked on a wide variety of terrains in Argentina and neighboring South American countries. UGA SEISMIC's clients depend on the quality and reliability of its services, its modern fleets of vibrators and recording system, and its ability to provide each client with data acquisition solutions customized to their particular needs.

For more information about UGA SEISMIC, please visit www.ugaseismic.com 

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