Seismos uses acoustic sensing and AI-driven data analysis to provide real-time mapping of enclosed …(+) structures such as wells and pipelines.
Image provided by: Seismos Co., Ltd.
Good environmental management must include improving the safety, efficiency and productivity of conventional resource extraction. That’s exactly what Seismos is doing. The Austin, Texas-based company focuses on predictive analytics for oil and gas, mining, geothermal, and other related industries using a non-invasive, cloud-based data acquisition and insights platform.
The company uses AI-driven acoustic sensing to provide valuable insights within enclosed structures such as drill holes and pipelines, enabling everything from more complete and efficient extraction to predictive and proactive failure detection. make it possible. Founded in 2013, Seismos currently has more than 100 customers and 45 patents on its technology, received $15 million from growth equity firm Edison Partners earlier this year, and is expanding its operations in the Middle East, South America and Asia. Funded continued development and further expansion at.
Origin of oil and gas
Seimos started by using acoustic detection to improve the mapping of oil reservoirs. “Our expertise can be summed up in one word: sound manipulation,” said Panos Adamopoulos, founder and CEO of Seimos. “We can transmit sound, acoustics, and extract information (from) acoustic reflections, albeit over very long distances. Of course, the most obvious use when we founded the company was to You know, in the oil and gas industry, what we do is send sound through a confined column, the well itself, and send it through many miles of formation. All of the advances we’ve brought to the industry are creating acoustic signatures that travel over kilometers and the moment they reach the geological reservoir, captured in real time and translated into physical properties that are important to engineers. It means we can now do that in real time. There’s a big dollar sign because our information can improve the productivity of our assets, and we can also improve efficiency.”
Panos Adamopolis, Founder and CEO of Seismos
Image provided by: Seismos Co., Ltd.
With previous technology, it could take six to nine months from the time data was captured to the time it was delivered to customers, Adamopoulos said. “We are now moving from diagnosis to prognosis,” he said.
Additionally, the company boasts that its technology is plug-and-play and can be connected to existing well infrastructure without impacting normal operations.
“This industry and some other industries are becoming more automated, and Seismos technology (using) converts voice into data, and that data is essentially being used by these energy producers to make better decisions in real time. It helps us make decisions,” added Ryan Ziegler, general partner at Edison Partners. .
real world results
Their capabilities are now being demonstrated in the real world. “This eliminates the need to go back and add six wells at a cost of $6 million to drill and make changes in real time,” said Juan Coronado, completions manager for Double Eagle Energy Holdings in Midlands, Texas. I was able to add.” “This has been very helpful in making adjustments between wells and increasing production. We are doing more cumulative (final) development and there are different formations, so the calculation I check the dimensions and adjust the work size. It’s really helpful to be able to make adjustments in real time.”
Seismos technology may also offer productivity benefits unique to today’s stacked bench horizontal well development. “In certain areas, we have developed three different benches, for a total of six per half section, but what we are currently looking at is…the possibility of trialling one bench added to the bench. Acoustic information provides data to support that decision. “If you look at the analysis they produced, you can see that the coverage is a little lacking. There are some reserves that could be exploited by adding another well.”
Other business opportunities
The addition of pipeline evaluation and monitoring technology adds significant potential to Seismos. The company’s PPHM system uses periodic, controlled acoustic monitoring to detect tiny defects in pipelines before they develop into failures. While this has potential application in any pipeline system, it is particularly valuable for applications such as chemicals where leaks can quickly become dangerous and costly, especially hydrogen, which is notoriously corrosive. there is. Geothermal and carbon sequestration systems are equally promising opportunities, as investment funds are poured into ways to reduce CO2 emissions.
“Eighty percent of America’s infrastructure is outdated,” Ziegler said. “It is estimated that $5 trillion will be needed for global infrastructure development by 2040. That is essentially rebuilding all infrastructure. Seismos is a great example of this, and we’re seeing it across multiple industries.”
Adamopoulos is confident in Seismos’ growth plans. “In this new energy mix, we need to build efficiency to do things in the safest and most efficient way. Seismos makes a difference in terms of productivity, efficiency and safety. And all of this That translates into money, which is a big deal.”
