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Seismos Founder and CEO Speaks at Greek Parliament
Mason Nasizadeh • Nov 18, 2022
Europe is strategically targeting its energy independence by leveraging a fast-track pursuit of clean energy solutions while securing safer access to traditional forms of energy generation.
On Monday Oct 31 2022, the Research and Technology Committee of the Greek Parliament conducted a meeting on the theme of Accelerating Clean Tech Innovation and Startup Entrepreneurship in the energy space.
Christos Tarantilis, Chairperson, and member of Parliament voiced that Clean-Tech startups can do more than ever to help solve Europe’s energy challenges. Such challenges would include the safe and reliable storage of renewable energy, the effective usage and management of smart energy grids and super grids, cuts in carbon dioxide emissions, the optimization of energy efficiency throughout the entire chain – from production to transportation, to distribution and to final consumption.
The CEO of Seismos, Panos Adamopoulos, spoke about Seismos' work in improving pipeline safety and in enabling natural gas & oil production efficiencies in the United States via its real-time acoustic sensing technologies. In addition, Panos described fundamental elements of the American innovation ecosystem that could eventually be applied in Greece. One of them, the "Startup America" initiative (introduced in the US in 2011) set clear priorities for the acceleration of innovation and entrepreneurship: The facilitation of partnerships between the Public and the Private sector in identifying opportunities and funding new businesses, the active support of startup companies navigating through the "valley of death" (the painful trajectory from research to commercialization), the encouragement of innovation in strategic fields of national interest (healthcare, national security, education etc.) and more.
Panos also made a reference to the critical US Bayh-Dole Act of 1980, which enabled universities, nonprofit research institutions, and small businesses to own, patent, and commercialize inventions developed under federally funded research programs within their organizations. He also said, "One proven way to speed up the invention process is to encourage groups of creative thinkers to work together (innovation clusters) in a certain field or region,where the government could invest in such private businesses.
He ended his presentation by recommending a balanced approach across the energy sector; given the continuing dependency on hydrocarbons - which realistically is not expected to change in the next decades - innovation strategies should span from both the conventional sources of energy (there is much room for optimization) to renewables and other Clean Tech initiatives.
Seismos and FastPack Partner to Monitor Chile's Mining Pipeline Assets
AUSTIN - SEISMOS INC, leader in advanced acoustic sensing and non-invasive monitoring systems, announced today a partnership with Liberty Energy to expand the toolset for real-time quality control of stimulation performance. Liberty and Seismos will focus on maximizing value to E&P operators by offering the Seismos-MWF™ (Measurements While Fracturing) QC and analytics system alongside Liberty’s completion services. Through a simple surface connection, without a need for downhole equipment or offset well instrumentation, the Seismos-MWF™ system uses active controlled acoustics to directly probe the near-wellbore fracture network, providing a Near Field Connectivity Index (NFCI) for each stage. The connectivity between the fracture system and the wellbore can be an important contributor to productivity at both the well and stage level thus providing information on the quality of the fracture stimulation. The extended data collection of the Seismos-MWF™ system after each stage also allows for better fracture model calibration with pressure decline data. This QC metric is used to benchmark in real-time every stimulated stage & well against the best producing wells of a similar geological and reservoir profile. The NFCI targets, ‘trained’ by a database of 15,000+ stage measurements and production repository, are fine-tuned for the localized acreage and continuously re-calibrated as new production data becomes available, helping Liberty customers optimize fracture designs, make changes while completing the well and improve well performance. ”We are excited to offer the Seismos-MWF™ system, a completions quality control tool that complements our industry leading portfolio of fracture optimization technologies,” said Dr. Mike Mayerhofer, Director of Technology at Liberty. “The Seismos-MWF™ system can provide a cost-effective measurement of stimulation quality in each stage and well. If NFCI falls well below target while completing the well, design or perforation changes can be made to improve NFCI on the subsequent stages.” Panos Adamopoulos, CEO of Seismos stated, “Every stage counts. The biggest limitation to real-time fracture optimization was the lack of practical, cost-effective technologies that can be applied in every well as mainstream practice. We are thrilled to partner with Liberty, a team of experts setting the standards for engineering and customer delivery in our industry.” About Seismos Inc. SEISMOS INC, based in Austin, TX, USA is a pioneer in AI-powered acoustic sensing systems enabling real-time, non-intrusive, cost-effective QC and monitoring. The company, backed by Quantum Energy Partners and Javelin Venture Partners, operates in the US, Canada, and China. Contact info: info@seismos.com About Liberty Energy Liberty (NYSE: LBRT) is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com.
As diverter technology becomes more relevant in wellbore stimulation, DiverterPlus and Seismos have teamed up to advance technologies in the near-field. In the recent SPE Live Tech Talk “The Near-field Drives Production,” representatives from the two companies shared how their partnership and technology help promote near-field stimulation.
Seismos kicks-off MWF™ (Measurements While Fracing) operations in China. MWF™ is the only system capable of detecting and correcting understimulation in real-time and is now available to the Chinese market. Contact info@seismos.com for any related inquiries.
In an interview with Oilfield Network News, Seismos Founder and CEO Panos Adamopoulos discusses Seismos products and how clients are using Seismos to leverage real-time decisions at the field level. Follow the Oilfield Network News to receive the latest update about oilfield businesses, innovative technologies, and remarkable people. https://www.linkedin.com/company/oilfieldnetworknews/
This case study appeared in the July 2018 edition of E&P Magazine
This case study appeared in the September 2018 edition of E&P Magazine
Dale Logan, C&J Energy Services and Panos Adamopoulos, Seismos, USA, examine a combination of new technologies designed to optimize horizontal completions.