Vialogy rose strongly after completing patent filings for its seismic data technology in nine key energy markets.
The firm said the filings for QuantumRD , which interprets core seismic data for the oil and gas industry, would protect its intellectual property ahead of expanded use in countries like India.
"Enforceable coverage in specific national markets is essential because the laws of the country where the technology is used have legal precedence over the technology's country of origin," the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The filings cover QuantumRD use in conventional sandstone reservoirs, carbonates and nonconventional shale oil/gas plays for both onshore and offshore use."
The nine countries are Brazil, China, Russia, India, Canada, Mexico, Qatar, Bahrain and Israel.
Vialogy has also made preliminary filings for the technology in the European region, covering 38 countries signed up to the European Patent Convention.
The companies shares were up 5.9% after an hour of trading on Monday.
-
Are you one of 15 million people at risk of retirement poverty?Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you
