OCTIO Group completes a successful offshore test of its new 4C/4D permanent monitoring system
2009.10.20 -
Technology
OCTIO Group, a subsidiary of GC Rieber Shipping, completed last week a successful test of its new Permanent Reservoir Monitoring system offshore Haugesund, on the west coast of Norway.
The test marks a transition to commercial service and operation. OCTIO's Reservoir Monitoring System will offer the best available permanent monitoring system in the market today. "This will be the best solution for enhanced oil and gas production, early safety warning and monitoring of CO2 storage and other environmental issues", states CEO of OCTIO Group Bjarte Fagerås.
Sven Rong, CEO of GC Rieber Shipping, is pleased with OCTIO Group's progress: "While OCTIO Group is a long term investment for GC Rieber Shipping, we are happy to see that the company has already managed to prove its system. This is yet another proof of creativity and technology development in the Bergen seismic cluster. The future market for 4C/4D permanent reservoir monitoring is bright and we believe that OCTIO Group will gain an important role in this market".
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