inApril exhibited at SEG 2015 in New Orleans and decides to speed up remaining test plans

October 28, 2015

This years show had fewer visitors than previous years and the general mood was as expected, subdued.  But for the three of us that manned inApril’s booth, the exhibition was just another confirmation that we are doing the right things and that the timing is good for introducing a cost-efficient Ocean Bottom Node (OBN) solution. We had three busy days and experienced a strong interest from oil companies, potential customers, analysts and not the least, competitors.

There was a consensus amongst participants that there will be a growing demand for seabed seismic in the coming years, and that this growth will come from more use of cost-efficient OBN seismic systems as inApril has developed (Venator). The picture below is representative for how it was most of the time; busy with people learning more about Venator and watching the animations. A handful of potential customers expressed the desire to come to Norway to see the Launch and Recover System (LRM) demonstrated. This unit is being built and will be ready for internal testing in second half of November. Potential customers will be invited for a demonstration in January.

Based on the positive feedback from SEG we have decided to speed up the remaining test plans, which involves building 50 – 100 nodes to collect seismic data during next spring / summer.