OptaSense signs follow-on contracts with Shell
Above: OptaSense engineers in the field.
OptaSense is the world leader in distributed fibre sensing and operates in 40 countries globally. It is managed as an autonomous subsidiary of the QinetiQ Group, providing a platform technology which has applications in a number of markets, including infrastructure security where the technology is already in use to monitor 10,000kms of assets, principally providing leak detection and third party intrusion detection for oil and gas pipelines.
The new contracts include:
- Customer-funded product development, worth £10m, which will focus on new tools for flow monitoring, as well as enhancements to proven tools for hydraulic fracture monitoring and vertical seismic profiling (VSP);
- The addition of VSP to the global commercial framework agreement, which gives any Shell business worldwide access to OptaSense services under a standard set of terms and conditions;
- Access for other companies across the oil and gas industry to OptaSense services that were previously exclusive to Shell.
Leo Quinn, QinetiQ ceo said: “We are delighted that our relationship with Shell is continuing with the further development of OptaSense applications for the downhole oil and gas market. This is a key step in realising the potential of OptaSense, by deploying its technology within a services model throughout Shell, as well as to other oil and gas companies.”
