You are here

MicroSeismic and PanAmerican focus on Latin America and Canada in geoscience alliance

01st October 2014

MicroSeismic and PanAmerican Geophysical Company Limited (PanAmerican) have announced that they have entered into a partnership to jointly provide microseismic monitoring services in select geographical growth areas

MicroSeismic and PanAmerican focus on Latin America and Canada in geoscience alliance
The partnership will initially focus on Latin America and Canada with subsequent expansion planned for other international locations

"We’re very pleased to partner with PanAmerican,” said Jeff Foster, president and CEO of MicroSeismic. “The relationship is exclusive with initial focus areas in Latin America, in particular the rapidly emerging markets in Argentina and Brasil, and Canada providing our clients easy and efficient access to our services.  We will be working closely with PanAmerican to provide seamless project management and execution as well as a single point of contact to enhance customer service.”

The partnership will initially focus on Latin America and Canada with subsequent expansion planned for other international locations.

The joint services will combine PanAmerican’s substantial surface seismic capacity and expertise with MicroSeismic’s advanced Hydraulic Fracture Monitoring (HFM) and Completions Evaluation and Optimisation Services.

“We chose to partner with MicroSeismic because of the company’s recognised industry leading technology and proven track record of providing results that assist in optimizing production,” said David Pratt, chairman, PanAmerican. “We have the dedicated expert resources and capacity required to expand the market use of HFM and look forward to leveraging both our strengths to deliver integrated, premium HFM services to the industry.”

Under the terms of the agreement, MicroSeismic’s PSET and Completions Optimisation technologies will be utilised as an integral part of the processing and interpretation services provided.

Both FracStar and BuriedArray installations will be deployed and operated using PanAmerican’s acquisition services.

Related topics: 

Geoscience

Oil and gas geoscience news updates for the global petroleum industry

Latin America

Oil and gas industry news from Latin America

Got a news tip? Email news@oilandgastechnology.net