Press Release.
A further 14 U.S. and 10 European patents covering key signal processing techniques are pending.
Spectraseis, the leading provider of low frequency seismic solutions to the oil and gas industry, today announced that the US Patent and Trademark Office has issued the seventh notice of allowance for a Spectraseis patent application. Previously, Spectraseis has been awarded six US and two European Union (EU) patents with 14 US Patent Applications still pending at the US Patent and Trademark Office and another 10 applications pending before the European Patent Office.
The Spectraseis research program continues to make patentable discoveries that help their customers more efficiently find and produce hydrocarbon reserves. The issued patents and pending applications cover proprietary technologies that Spectraseis uses for processing low frequency seismic data as well as tools for better integration and interpretation with other G&G data for exploration and development projects.
The patents issued to Spectraseis thus far include methods for hydrocarbon reservoir mapping, signal analysis, and direct detection of fluid systems within the earth. In particular, Spectraseis' patented Time Reverse Imaging algorithms yield remarkable images of subsurface fluid locations in client's exploration and production properties. TRI images, when integrated with structural information from conventional seismic surveys, greatly lower exploration risk and improve knowledge of the fluid system for field development.
The latest applications pending before the US and European patent offices include Spectraseis' new generation of powerful imaging condition methods that separate signal from noise to locate fluids in depth.
Rob Habiger, Chief Technology Officer (CTO) at Spectraseis, said:
"Spectraseis' patent position covers the leading edge of LF research, with our research commitment to developing the best possible signal analysis methods to extract reservoir associated seismic signals from client data providing patentable inventions on a regular basis. Spectraseis' comprehensive patent program provides a clear signal to our existing and prospective customers that we are committed to providing a complete LF seismic solution that enhances all G&G data, from efficient acquisition through interpretation and visualization."
David Walker, Intellectual Property (IP) Counsel at Spectraseis, said:
"Spectraseis' IP strategy is to acquire a valuable, protected position in LF seismic technologies by quickly converting our scientists' discoveries into defensible patents, in order to provide our customers with a sustainable competitive advantage. Our steadily growing patent portfolio is a testament to the success of Spectraseis' research and development effort, which we expect will continue to yield patentable new breakthroughs in geophysical data processing and acquisition techniques".
