Defence firm QinetiQ announced Thursday that its OptaSense distributed acoustic sensing (DAS) business has signed follow-on contracts with Shell.
The contracts, which it says 'set a clear roadmap' for the provision of services over the next three years, include one for customer-funded product development, worth £10m, which will focus on new tools for flow monitoring, as well as enhancements to proven tools for hydraulic fracture monitoring and vertical seismic profiling (VSP).
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Furthermore, other companies across the oil and gas industry will be given access to OptaSense services that were previously exclusive to Shell.
QinetiQ Chief Executive Officer Leo Quinn said: "We are delighted that our relationship with Shell is continuing with the further development of OptaSense applications for the downhole oil and gas market.
"This is a key step in realising the potential of OptaSense, by deploying its technology within a services model throughout Shell, as well as to other oil and gas companies."
NR
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