STRYDE highlights a growing global influence of seismic data processing

STRYDE has confirmed that it has secured 11 new contracts for its seismic data processing solutions since July 2023.

The company is providing subsurface insights to firms in a range of sectors, including geothermal, carbon capture, utilisation and storage (CCUS), oil and gas, mining, and water exploration. The new agreements see STRYDE delivering both conventional and in-field processing services for 2D and 3D seismic surveys.

STRYDE Lens, the company's in-field processing solution, has been selected for four of the 11 contracts. Notably, DTEK Oil&Gas, Ukraine's largest private energy operator, is among the companies benefiting from the STRYDE Lens solution. Earlier this year, DTEK Oil&Gas purchased STRYDE's nodal acquisition system. The data from a recent seismic survey in Ukraine was processed using STRYDE Lens.

The use of STRYDE Lens enabled data processing to begin immediately after the first batch of data was downloaded from the recording devices. This approach reduced the time between the end of acquisition and the delivery of the seismic image by 88% compared to conventional processing.

Amine Ourabah, Chief Geophysicist at STRYDE, commented, "The recent surge in STRYDE Lens processing contracts is a testament to our ability to deliver rapid, high-quality seismic data. This is enabled by our team of highly skilled land processing geophysicists and our ability to transform our acquisition system into a processing environment that our team can access remotely."

Yevgeniy Solodkyi, Head of the Exploration Department at DTEK Oil&Gas, said, "We received fully processed and migrated seismic volumes within just two weeks of concluding our seismic survey in Ukraine. The quality of the Lens image was comparable to the conventionally processed image, which took four months to deliver."

"During a critical phase of our drilling programme, this rapid delivery was instrumental. The detailed structural insights from the STRYDE Lens image allowed us to pinpoint optimal drilling locations quickly and move the equipment to the relevant location much earlier than anticipated," Solodkyi added.

Aside from DTEK Oil&Gas, companies in the mining, water exploration, and oil and gas sectors have opted for STRYDE's conventional production processing of 2D and 3D seismic surveys. These developments position STRYDE as a competitor to major processing firms globally.

Mike Popham, CEO of STRYDE, expressed his pride in the processing service developed in recent years. "I am incredibly proud of the processing service we've developed, transforming STRYDE from a technology start-up into a leading supplier of onshore seismic solutions," Popham said.

He announced that strong market demand for STRYDE's data processing capabilities has allowed for investment in a new Centre for High-Performance Computing (CHPC) at its Asker facility in Norway. This CHPC will allow the team to efficiently process, manage, and store large volumes of data from both conventional and high-density seismic surveys while also providing a platform for research and development to optimise solutions for customers.

Land seismic data has traditionally been exclusive to the oil and gas industry due to high costs associated with acquisition and processing. STRYDE's nodal system has made acquisition operations more affordable for new energy markets. However, many companies in these markets lack the in-house capabilities to process raw seismic data into interpretable subsurface images, leading to increased demand for STRYDE's processing services.

This not only supports the needs of energy companies but also underlines STRYDE's role as a crucial partner in enhancing their exploration and development efforts for new energy opportunities, according to the company.