ViaLogy expands into shale oil exploration

ViaLogy is using its seismic technology to help an unnamed global oil major locate shale oil deposits.

ViaLogy is using its seismic technology to help an unnamed global oil major locate shale oil deposits.

The technology minnow, with a market cap of barely £18m, will use its patented QuantumRD processing technology to analyse 3-D seismic data and locate unconventional oil deposits in "tight" shale formations where porosity is very low. It will then map optimal horizontal drilling well trajectories through the sufficiently porous shale it has located, specifically through zones that are amenable to fracking.

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