Geophysical Insights licenses seismic attribute technology from AASPI Consortium
DALLAS, Texas -- The Attribute Assisted Seismic Processing & Interpretation (AASPI) Consortium at the University of Oklahoma and Geophysical Insights, headquartered in Houston, Texas, have announced a major cooperative agreement. The initiative is designed to make the research results of the AASPI Consortium available to more interpreters across the oil and gas industry.
Per the agreement, Geophysical Insights will license AASPI seismic analysis software technology and incorporate the technology in the commercial Paradise software platform. Geophysical Insights will also provide maintenance and support services for commercial products built using the AASPI technology that will run on Paradise.
The agreement was announced jointly by Dr. Kurt Marfurt, principal investigator of the AASPI Consortium, and Dr. Tom Smith, president and CEO of Geophysical Insights.
“We are delighted to work with Tom Smith and the Geophysical Insights team, one of the members of the AASPI Consortium, and make available products of our research,” said Marfurt. “Enabling consortium members to license and incorporate the results of our research benefits both AASPI Consortium members and the industry by increasing access to our technology through commercial products like Paradise. We also anticipate that new insights will be gained as AASPI technology is applied more broadly by interpreters working in many geologic settings through commercial software products.”
“The outstanding research work done by the AASPI Consortium aligns with our work of applying machine learning processes to seismic interpretation via the Paradise platform,” said Smith. “Under Dr. Marfurt's leadership, the researchers at the AASPI Consortium are generating world-class seismic analysis technology, even better than many commercial products on the market. This is particularly true of their large library of robust geometric seismic attributes. The Paradise platform is already a rich statistical analysis workbench. The addition of AASPI Consortium technology in Paradise will place more powerful tools in the hands of interpreters. The first application of the AASPI technology in Paradise will be an expanded library of geometric attributes in the Paradise Attribute Generator."
