Spectraseis Appoints Vice President of Sales and Marketing
Appointment to Strengthen Partnerships with Major Oil and Gas
Customers Worldwide
Zurich, Switzerland, November 7, 2007. Spectraseis, a leading
provider of low frequency geophysical solutions to the upstream oil &
gas industry, today announced that Brice Bouffard is to be the
company's new Vice President of Sales and Marketing.
Brice's brief will be to oversee the delivery of Spectraseis services
to its fast growing customer base of top-tier Exploration &
Production (E&P) companies and to increase market penetration in the
fast-emerging field of low frequency passive seismic surveys. Through
its technologies, Spectraseis helps oil and gas companies find and
produce their hydrocarbon reserves more efficiently.
Said Spectraseis CEO, Ross Newman:
"Today's announcement is a coup for Spectraseis as we continue to
expand our team with first class industry professionals, such as
Brice."
"With operators focusing more and more attention on reducing risk and
maximizing returns in their exploration activities, and with the
shortcomings of conventional surveying and seismic techniques
becoming ever more acute, Brice's experience in bringing technology
solutions to market will be invaluable. And with increased customer
demand for our solutions, we expect to make more new senior
appointments over the coming months."
Brice Bouffard continues:
"I am delighted to be joining Spectraseis at what I believe is a very
exciting time in their development. There is no doubt to me that the
analysis of low frequency seismic wavefields offers huge
opportunities to the industry and I look forward to making the case
to existing and prospective customers."
Brice comes to Spectraseis with extensive experience in sales,
marketing and management roles, having spent 13 years with leading
oilfield services provider, Schlumberger. Prior to joining
Spectraseis, Brice was sales and marketing manager of Schlumberger
Oilfield Services in Continental Europe and, before this, Vice
President for Information Management at Schlumberger Information
Solutions.
Brice graduated in geophysics from Institut Français du Pétrole (IFP)
and in naval architecture and oceanography from the Ecole Nationale
Supérieure des Techniques Avancées (ENSTA). He speaks English, French
and Spanish.
The appointment follows a number of new milestones for Spectraseis
over the last few months. This includes the completion of contracts
with Pemex and Ecopetrol as well as a Saudi Aramco joint-venture; the
filing of its tenth patent application; and a successful North Sea
marine trial, where passive low frequency data was recorded at more
than 130 locations on the seabed.
In October 2007, Spectraseis won the 2007 World Oil Award for Best
Exploration Technology.
Note to editors
About Spectraseis
Zurich-based Spectraseis is the principal technology and service
provider in the fast-emerging field of low frequency passive seismic
geophysical surveys to help oil and gas companies more efficiently
find and produce hydrocarbon reserves. Customers include Petrobras,
StatoilHydro, Pemex and Kuwait Oil Company.
Spectraseis researches and applies proprietary technologies, on land
and offshore, to acquire and analyze low frequency (<10 Hz) seismic
background waves continuously present in the Earth's subsurface in
order to identify spectral attributes indicating the likely presence
or absence of hydrocarbons within a survey area. The resulting
information can greatly reduce the risk and improve the success rate
of costly oil exploration and drilling activities and improve
decision-making throughout the life of a field. Broad adoption of the
company's technology by the global oil and gas exploration and
production industry can be expected to save billions of dollars each
year which is currently expended on non-productive exploration
surveys and dry wells, as well as significantly improve the
industry's environmental performance.
Spectraseis was established in 2003 in partnership with leading
European universities. Hydro Technology Ventures AS, a unit of
Norwegian oil and gas giant StatoilHydro, owns 22%.
www.spectraseis.com
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All product and company names herein may be trademarks of their
respective owners.
For further information, contact:
Ross Newman
Chief Executive
Spectraseis AG
Tel. +41 43 500 5828 or +41 78 697 5888
ross.newman@spectraseis.com