BP, Schlumberger, Rosneft team up to advance seismic technology

During the Eastern Economic Forum (EEF) recently in Vladivostok, Russia,  Rosneft, British Petroleum (BP) and Schlumberger signed agreements to combine their resources on seismic research and development.

“By combining Rosneft’s wide experience of operating and innovation in challenging Russian conditions, BP’s global expertise in advanced imaging and Schlumberger’s technological and marketing experience, the companies anticipate unique opportunities for the creation and rapid deployment of leading-edge seismic technologies,” BP Russia President David Campbell said.

BP and Schlumberger have an existing project in the latter’s seismic business, which seeks to improve 2D and 3D seismic surveys, as well as subsurface imaging. These new deals aim to provide greater efficiency for exploration, appraisal and field development. Rosneft will join the project as an equal partner under the new agreements.

“These agreements turn the page in the development of upstream technologies," Rosneft CEO Igor Sechin said. "By teaming up with such industry leaders as BP and Schlumberger, we are bound to succeed. The fact that Rosneft, Russia’s leading oil and gas company, will be involved in the development of state-of-the-art technologies is of prime importance. As a result, innovative solutions will be tailored for specific Russian settings. Given the international status of the research project, the product to be created will have a significant potential on global markets.”