Geotrace Wins Processing Contract for 4D Survey of Visund

Geotrace 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.

The work will include the re-processing and merging of two previous data sets as well as the processing of a newly acquired seismic survey. The acquisition will use ten 5000-meter cables with a spread of 675 meters, using single-sensor marine seismic streamers.

This survey is part of Statoil's plans to optimise existing fields and the goal of the survey program is to identify where Statoil should drill to tap additional reserves, and to map existing discoveries in order to ensure profitable tail production.

The Visund 4D processing was awarded to Geotrace based on the previous successful processing with their leading-edge capabilities in the field of time-lapse technology.

The Visund field is well into its production cycle and the license holders (Statoil, Norsk Hydro, Petoro, ConocoPhillips and TFE) are using 4D monitoring to monitor changes of physical parameters within the field.