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STRYDE – contracts for land seismic data processing

Thursday, December 22, 2022

STRYDE has secured eight new contracts in the US, Canada, the UK, the Middle East and Africa.

UK land seismic company STRYDE reports that five months after launching a seismic data processing service, it has secured eight new contracts. It has contracts in the US, Canada, the UK, the Middle East and Africa.

Until recently, STRYDE's focus was on providing land seismic survey equipment, rather than data processing. The company was founded in 2019 and is owned by BP.

One of the new contracts is with a 'prominent oil and gas operator in Africa', to process 900km of 2D seismic lines, 12 lines in total, gathered by STRYDE's 'Node' seismic receivers.

The final processed images will be delivered in under three months, which is 'typically two to three times faster than conventional approaches,' STRYDE says.

It is able to deliver the processed images so quickly because the data collected from STRYDE's sensors have a particularly high quality and density, it says.

'The operator was able to deploy more seismic receivers in the field, without incurring additional cost or time, resulting in a denser dataset, despite the numerous structural and environmental challenges the acquisition team faced in the field.'

STRYDE's team also processed what is thought to be the world's densest land seismic survey, acquired in Canada in 2021 with Carbon Management Canada and Explor.

As well as for oil and gas production, the services have been provided for geothermal and CO2 sequestration projects.

Contract with Polaris

STRYDE has announced a 'seven figure' contract with Polaris Natural Resources, a Canadian seismic services company. Polaris will buy a 13,000 node system, and use it for oil and gas exploration in Africa.

The contract follows Polaris' successful use of the system to acquire 2D seismic data in Namibia and Zimbabwe. The processed data was used by an unnamed independent oil and gas operator to identify prospects in the Cabora Bassa Basin, northern Zimbabwe.

Drilling of the Muzarabani-1 well is now underway, with the prospect considered to be the largest undrilled conventional oil and gas prospect onshore Africa, STRYDE says.

'As a direct result of using STRYDE Nodes we were able to reduce the size of the survey crew and decrease the number of vehicles and logistics required, and therefore the project timeline and associated costs and risk,' said Bill Mooney, chief executive officer, Polaris.

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