Barents Sea and Mid-Norway Regional Rock Physics Atlases

RSI recently completed several late sales of its 79-well Barents Sea Rock Physics Study and Atlas of Seismic Expression; in total 17 companies have now licensed this product. The Company also delivered the first edition of its companion 61-well Mid-Norway Rock Physics Study to the underwriters. The total value of the Barents Sea late sales and Mid-Norway exceeds $900,000.

RSI CEO Richard Cooper stated, “It is clear that the recent high impact discoveries made by Statoil and partners at Skrugard and Havis have reinvigorated interest in the Barents Sea. With more than 70 blocks available as part of the 22nd licensing round in the Barents Sea, we are delighted that many E&P companies view our comprehensive rock physics study as a key tool for assessing the prospectivity of the region. In addition, significant interest has been shown in our recent proposal to launch a research project that investigates the causes and effects of electrical anisotropy and its impact on controlled source electromagnetic (CSEM) data. “

Gareth Taylor, RSI President, further commented: “We have concluded our 61-well Mid-Norway Study on schedule. This study focused, in the first phase, on the relatively new play types being explored in the Cretaceous Springar, Nise, Lysing and Lange formations. Given similar levels of support we expect to launch a second phase that will be targeted toward an understanding of the seismic signature of reservoir properties in the more conventional plays in the Jurassic section.”

ABOUT RSI:

RSI is an independent geoscience consulting firm offering quantitative reservoir characterization with the goal of reducing exploration drilling risk and optimizing reservoir appraisal and development plans. The Company is an industry leader in the interpretation and integration of seismic data with well log, CSEM and MT data, and uses advanced rock physics methods combined with sophisticated geologic models to deliver robust and reliable predictions of reservoir geometries and properties to our customers.