Dallas, TX, November 12, 2010 --(PR.com
)-- Lombardia S.A. an independent oil and gas exploration and production company announced today that it has partnered with Houston, Texas based Octave Reservoir Technologies (“Octave”) with plans to deploy Octave’s cutting-edge technology products and services.
Octave Reservoir Technologies is quickly emerging as a leading oilfield service company by offering game changing permanent microseismic coupled with time-lapse VSP imaging for energy exploration and production.
As part of an ongoing strategic growth initiative, Lombardia has partnered with Octave Reservoir Technologies with plans for the development of select Oil and Gas assets in the Continental United States. The initial partnership with Octave will be the cornerstone of Lombardia’s seismic and microseismic capabilities and will help accelerate Lombardia’s aggressive growth and development plans.
The agreement with Octave will supply Lombardia with permanent ReservoirAlpha direct reservoir imaging services throughout Lombardia’s Oil and Gas operations, currently focused on major oil and gas fields in the US, such as the Eagle Ford, Bakken and Marcellus shale regions. Through the partnership with Octave, Lombardia will gain access to the most advanced seismic and microseismic well monitoring solutions available today.
The project plan represents the first time permanent microseismic and time-lapse VSP will be utilized from the inception of a production play on the Eagle Ford Shale. The technology will be listening to the drilling and stem tests all the way through to targeted hydraulic fracture stimulation. This project will set a new standard of reservoir surveillance and transparency. The objective of this program is to provide enhanced risk quantification with Octave’s seismic technology to reduce costs, improve production, and maximize value to investors.
Lombardia views this as an important step to enhancing returns to its investors within a fully "green-gas" production model, which ensures environmental risk is fully addressed from inception to exit.
Scott Taylor, President of Octave stated, "We are excited to be working with Lombardia and have established common objectives to be achieved with our long term partnership. Our goals are to assist Lombardia to achieve clear operational and financial goals."
About Octave Reservoir Technologies
Octave has assembled a comprehensive service, ReservoirAlpha, that deploys highly-sensitive, proven, all-optical fiber sensing technology with superior performance and reliability as compared to legacy electronic-based sensor systems together with software imaging solutions. By utilizing these highly-advanced acoustic systems manufactured by US Sensor Systems Inc. and applying it with a proprietary deployment and installation system, Octave is revolutionizing the microseismic field in terms of both cost and performance. ReservoirAlpha provides oil and gas operators a progressive, transparent disclosure of exploration and direct imaging of the production related activities. With this game changing technology, Octave is quickly emerging as a leader in industry.
About Lombardia S.A.
Lombardia S.A. is a Panamanian-based privately held company focused on Energy, Natural Resources and Capital Markets. Lombardia combines global project management expertise with extensive access to capital sources - providing a proven platform for executing real-world development strategies. The Lombardia team is headed by seasoned industry veterans who leverage their experience and proven success to provide a range of strategic advisory services in mergers and acquisitions, fundraising, capital markets, management, operations and corporate finance. The Lombardia executives have a proven track record of success in fundraising & capital markets with $5B+ in international onshore/offshore investment transactions. Lombardia’s merchant banking model also provides for direct investment into energy and resource companies.
Oil and Gas
Lombardia has significant experience in the Oil and Gas industry. The Company is led by a seasoned executive team experienced in the acquisition, development and management of oil and gas assets on behalf of qualified and institutional investors. The team has a proven track record of success building value for investors with experience managing over $200MM in assets.
The Lombardia partners have experience with operational and regulatory oversight of 1,000+ wells with direct drilling management of 350+ wells.
Commitment to Sustainable Development
Lombardia S.A. is committed to both quality and safety and the sustainable and responsible development of our resources.
Please contact us at: firstname.lastname@example.org