Microseismic 2012-technology for surface hydrofrac monitoring.
Frac without monitoring:• $million losses of production wells• ecological problemsMonitoring options:• Boreholes: wells are expensive - unbeatable• Surface: signals are buried in noise - solvableFrac is theonly tool forshale gas PROBLEMproduction
World Shale Plays Just the United StatesCovering only 10% of the conducts more than 25 000potential monitoring market hydrofracs for shale gassegment in the US brings recovery a year withapproximately $600million a estimated frac monitoringyear. market of $6 Billions.
Economic benefits: our OSA surface jobs vs. borehole jobs:Competitive cost reduction up to 20Advantages times . . Microseismic Inc., attracted more than $100 million of venture investments in 2011 Our technology allows to excavate substantially more useful information about source signal
Fracture Technology and IP Injection well OSA produces high quality information needed for higher quality frac mappingOUR IP: 4 patents RF, 1 patent submitted, 1 patent undergoes РСТ procedure. Software: copyrighted
TEAM A world lead expert in seismic monitoring theory prof. Alexander Kushnir is our Head Scientist. The team coreM. Rozhkov Ph.D in Geophysics, Russian and US industry, US and UK UniversitiesA. Epiphansky Ph.D in Geophysics, Russian industry and High SchoolI. Driker Ph.D in Geophysics, US industry and UniversitiesD. Shkarin Ph.D in Mathematics, US industry and High School (Yale University)A. Varypaev Ms.D researcher, graduate student in stochastic theoryN. Rozhkov Ms.D researcher, data processing engineer
Business model Project Outcomes Tested prototype of microseismic monitoring platform aimed at post-processing products (frac mapping). Service company SYNAPSE+ jointly with our US partner and co-investor Instrumental Software Technologies, Inc. (ISTI), Or service companySYNAPSE+ & CORPORATE INVESTOR: equity, board of directors. equity, board of directors
120 100 Skolkovo 80 Investor Project 60 Budget M.Rub budget and 40 returns 20 0 2013 2014 2015 TotalOur foreign and Russianpartners and customers invested more than$500,000 into the project Full investment return in 2 quarters