Geotrace Company News

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Geotrace Names New Chief Technology Officer
Wednesday, April 14, 2010Geotrace, an independent, integrated, reservoir services company that provides subsurface imaging solutions to the oil and gas industry worldwide, has appointed Gary Yu as the company's first-ever Chief Technology Officer.

Geotrace Taps New Area Manager for Far East
Thursday, February 04, 2010Geotrace has hired Mark Robinson as Area Manager Far East. In this position, Mr. Robinson will be responsible for seismic processing and reservoir services in the region.

Geotrace Completes Major Onboard Data Processing Gig for BP
Thursday, January 07, 2010Geotrace completed one of the world's largest onboard data processing projects for BP, as operator in its EPSA 4 NOC/LIC/BP exploration contract in BP's Sirte Basin concession off the coast of Libya.

Geotrace Grabs Patent for Seismic Technology
Tuesday, January 27, 2009Geotrace was granted a patent from the US Patent Office for technology related to the matching of synthetic data derived from well-log information and processes seismic data.

Geotrace to Participate in Seismic Research
Friday, August 15, 2008Geotrace announced its participation in the Edinburgh Anisotropy project as a three year sponsor. This sponsorship will allow Geotrace to enhance its four component processing, and also participate in research into new anisotropic capabilities.

Geotrace Grabs Significant 3D Seismic Project Offshore Libya
Monday, August 04, 2008Geotrace will be providing one of the world's largest onboard seismic data processing projects to BP Exploration Libya Ltd as part of a seismic acquisition contract awarded to Wavefield Inseis by BP Exploration Libya Limited.

Wavefield, Geotrace Wrap Massive 3D Processing for Marathon
Wednesday, June 25, 2008Wavefield and its partner Geotrace have completed a massive 30,000 sq mile 3D onboard processing projects for Marathon in the Makassar Straits, Offshore Indonesia.

Geotrace CFO Named Finalist for Best CFOs Award
Monday, May 05, 2008Jesse Perez, chief financial officer of Geotrace, has been named a finalist in the Best CFOs of the Year Award competition.

Geoscientist Joins Geotrace Team
Thursday, December 06, 2007Steve Svatek has joined Geotrace's technical implementation and production testing group.

Geotrace Establishes Office in Dubai
Thursday, November 08, 2007Geotrace has established its presence in Dubai, United Arab Emirates (UAE), by opening a Marketing office.

Geotrace Unveils New Software Platform
Monday, May 14, 2007Geotrace on Monday announced the introduction of the first of its two-phased Diamond Integrated Geosciences Environment system, a new software platform for processing and integrating all the disparate data types and formats in E&P processes.

Wavefield Completes 2D Campaign Offshore Barbados
Thursday, March 22, 2007Wavefield Inseis has, in cooperation with the Ministry of Energy and the Environment of Barbados, completed the acquisition of a Multi Client Seismic Survey Campaign that covers the entire prospective shelf of Barbados.

Geotrace Wins 'Next Generation' Land and Depth Imaging Project
Wednesday, January 31, 2007Geotrace has been awarded a significant land seismic processing and depth imaging project by BP's North American Gas business unit.

GeoTrace Promotes Mark Carrigan to VP
Monday, September 18, 2006Geotrace announces that effective immediately, Mark Carrigan is promoted to Vice President Western Hemisphere, Tigress Software.

Geotrace Acquires Tigress Geosciences
Tuesday, September 05, 2006Geotrace has signed a definitive agreement to acquire Tigress Geosciences based in Marlow, England, near London.

Geotrace, Wavefield Ink Deal to Supply Onboard Data Processing & QC Service
Wednesday, June 07, 2006Geotrace and Wavefield Geophysical AS have signed of a cooperation agreement whereby Geotrace will provide onboard data processing and QC services on all of Wavefield Geophysical AS's fleet of 2D, and 3D vessels.

Geotrace Wins Seismic Processing Work for a New Survey Offshore Colombia
Wednesday, August 17, 2005InSeis AS has awarded Geotrace a contract for the processing of seismic data from a major new 2D seismic survey to be acquired this autumn offshore Colombia. InSeis is a Norwegian geophysical company providing non-exclusive seismic data services.

Geotrace Awarded Long Offset Survey
Tuesday, July 05, 2005Geotrace has been awarded a long offset survey currently being acquired in the Northern Gulf of Mexico.

Jerry Dees Joins Geotrace Board of Directors
Friday, June 10, 2005GEOTRACE announced that Jerry Dees has been elected a Director to its Board.

Geotrace Awarded Khalda 3D Processing Contract
Thursday, May 12, 2005Geotrace has been awarded a two year contract by the Khalda Petroleum Company for 3D Seismic Processing in their onshore Khalda concession, the Western Desert, Egypt.

Geotrace Awarded Processing of Offshore Madagascar Survey
Thursday, September 30, 2004Geotrace has recently been awarded the seismic processing of Vanco Madagascar Ltd.'s Majunga Offshore Profond block offshore northwestern Madagascar.

Geotrace Wins Processing Contract for 4D Survey of Visund
Friday, July 16, 2004Geotrace has been awarded a processing contract for the processing of a 4D seismic time lapse survey over Statoil's Visund field in the PL120, block 34/8, in the Norwegian sector of the North Sea.

Geotrace Appoints John Ebbern as UK Business Development Mgr
Thursday, April 08, 2004Geotrace has hired John Ebbern as business development manager for its UK operations.

Geotrace Names Steven Larson Vice President
Tuesday, March 30, 2004Steven E. Larson was appointed as Vice President of Reservoir Description Services of Geotrace's Houston office.

Geotrace Opens a New Reservoir Services Center in Cairo
Wednesday, December 17, 2003Geotrace has opened Reservoir Services / Reservoir Seismic Center in Cairo, Egypt.

Geotrace Wins Additional Survey Work at Norne Field
Wednesday, September 24, 2003Geotrace said that following the recent successful completion of the processing of 4D time lapse surveys over Statoil's Norne prospect it has been awarded a further processing contract for the 2003 monitor survey.

Geotrace Wins Two Major 4D Seismic Contracts Offshore Norway
Wednesday, April 16, 2003Norsk Hydro and its license partners have recently awarded the contracts for the 4D seismic data processing over the Troll and Brage fields to Geotrace.