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Vision, Mission, Values

TenzorGEO’s vision is to make our integrated solution the go-to standard for imaging and monitoring operations across subsurface-related industries. We strive to provide, in one package, all the tools necessary for operators to obtain extensive knowledge of their subsurface problem.

Our mission is to equip the industry with the most innovative and cost-effective imaging and monitoring approach that will enable efficient management of subsurface assets across the globe. TenzorGEO’s ambition is to provide a fully integrated solution that will reduce the complexity and economic hardship associated with implementing multiple imaging and monitoring methods.

Innovation is at the heart of what we do. We continuously evolve and improve our performance to best serve our customers. We are passionate about delivering technologies that enable industries to meet their environmental and economic goals alike, and work hard on minimising our own negative impact on the environment. TenzorGEO strives to meet our customers’ needs by providing an end-to-end service, from equipment deployment to data recovery and interpretation.

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History

Headquartered in Aberdeen, UK, TenzorGEO was founded with the aim of maximising economic recovery of hydrocarbons in the North Sea by utilising a unique interpretation software and methodology not previously applied in the offshore domain. The company leverages on decades of experience acquired up by our passive seismic specialists and a high success rate across numerous subsurface applications.

Since its formation, TenzorGEO has continued to push boundaries, expanding into new industries. In 2020, TenzorGEO established itself in the Carbon Capture and Storage industry by upgrading its proven interpretation software to meet the requirements of CO2 injection monitoring.

The History of Low Frequency Seismic Technology

The history of TenzorGEO’s Low Frequency Seismic (LFS) technology is unique and highlights the importance of rediscovering valuable knowledge from the past, before it gets swept away by the tides of time.

Historically, the Institute of Physics of the Earth at the Russian Academy of Sciences was the global leader in geophysical research, well-funded for political and military reasons. Following the collapse of the Soviet Union in the early 1990s, the funding and support for the research was drastically cut back. Although the concept of LFS remained strong, any research of this nature required a substantial outlay of resources: large data sets for experimentation, high-level academics to create algorithms and software, a high-power supercomputer, and the recognition of the method viability from the petroleum industry. None of this was available during the years of the post-Soviet upheaval.

The advance and commercialisation of any technology requires massive investments and support of industry supermajors. LFS method was shelved, as major operators focused mainly on tactical improvements and were unwilling to change their processes, regarding it as an unnecessary risk.

By the time LFS attempted to make inroads into the Russian market, active seismic has already become the dominant method for exploration and appraisal and breaking into the market proved difficult. Mainstream beliefs that shorter waves (higher frequencies) were more informative turned most of key industry players away from LFS.

Currently, discovering conventionally structured reservoirs is becoming increasingly rare. Remaining assets are located in complex geological hydrocarbons traps, where the application of conventional seismic is less effective and significantly more expensive. Complex geology requires full wave inversion and complex mathematics, two challenges where LFS truly delivers.

For some time, LFS technology seemed to have been lost. It was revived by Professor Evgenii Birialtsev, the father of the methodology, who persuaded the Russian supermajor, TatNeft, to use it. Having secured the funding, the obstacles mentioned earlier were overcome and LFS was successfully used and developed over the past 14 years on shore. Three years ago, Professor Birialtsev co-founded TenzorGEO to begin a new chapter in LFS innovation. Today, the LFS methodology is applied in offshore environments using the bespoke German subsea robotic technologies

Watch the “Webinar part 1: An introduction to passive low frequency, taking a look at its history and the potential it holds for the oil and gas industry in current times of oil crash

OUR

Team

TenzorGEO is a diverse team with a collective set of skills and experience spanning across science, engineering, operations, finance and entrepreneurship backgrounds. We provide thought leadership in the area of passive seismicity and are the first of our kind to develop a solution for its offshore application. Since emerging in 2018, TenzorGEO was identified as holding the key to some of the energy industry’s greatest challenges by authoritative bodies and professional networks such as the OGTC, Oil & Gas Vision and Subsea UK.

Leadership

IVAN STAROSTIN, MSC

FOUNDER AND CEO

EVGENY SMIRNOV

COO

DR ROY BITRUS, PHD

DIRECTOR OF SALES

Advisory board

ARNE SCHWENK

OBS TECHNICAL ADVISOR

PROFESSOR ANDREW HURST, PHD

GEOSCIENCE ADVISOR

DENIS PINTO

BUSINESS ADVISOR

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Partnerships

TenzorGEO has established long-lasting, valuable relationships with various organisations and companies, recognised as industry leaders in their respective fields. We will continue to develop, leverage and build upon these relationships, forging them into long-lasting symbiotic and synergistic partnerships to ensure we deliver on our vision.

K.U.M.
A renowned provider of subsea data acquisition equipment, frequently working in partnership with top international academic centres, KUM supplies TenzorGEO with its market leading Subsea systems, endorsed by the European Union and the German state of Schleswig-Holstein. KUM has extensive experience in marine engineering with successful projects completed in the UK, India, China and at over 60 other locations. TenzorGEO is leveraging on KUM’s expertise to research and develop subsea equipment fit for the purpose of recording seismic data that meets the requirements of their unique interpretation software.

Molyneux Advisors
A leading provider of subsurface advice to the upstream energy industry. Molyneux Advisors supports TenzorGEO by providing marketing and technical services in Australia and S.E. Asia. Molyneux Advisors generates value for their clients throughout the asset lifecycle from exploration, through development, production, re-use and abandonment using innovative technology (such as TenzorGEO), practical industry experience, technical knowledge and commercial networks.

TrueOcean
71% of our planet’s surface is covered by oceans. Oceans play a vital role in fighting the climate change and provide resources and energy for the growing global population. The United Nations Ocean Decade will set new standards by 2030 in decarbonisation and sustainable utilisation of resources and energy. To achieve maximum return and minimum impact, decision making associated with the ocean applications must rely on best subsurface information.
TrueOcean is a software technology start-up that enables the processing of large and heterogenous maritime sensor data. To cope with growing “maritime Big Data”, they created a collaborative platform which hosts the emerging Ocean Intelligence. Their vision is to create digital twins of specific subsurface sites to make the unknown below surface accessible.

TrueOcean processes sensor data in different file formats and provides ocean applications with access to scalable compute infrastructure and Software-as-a-Service (SaaS) solutions. SaaS caters for advanced data management, processing and visualisation by applying innovative algorithms and AI applications for analysis. Digital tools for lean data handling and automised data analysis raise accuracy and quality of the retrieved information within a streamlined process.

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Sustainability

It is more prevalent than ever that today’s business is conducted in a sustainable manner that supports the global net-zero goals and, most importantly, safeguards the planet for future generations.

From day one, TenzorGEO’s vision was to advance the sustainability of the UK energy industry in both hydrocarbon exploration and production sectors. By integrating our technology, operators spend fewer resources on discovering hydrocarbons in commercial quantities, do not need to drill as many or any exploration wells, save costs and time on seismic surveys and have a substantially lower bill on energy consumption. The processes offered by TenzorGEO help the operators to reduce their use of fossil fuels, thus decreasing their emissions and carbon footprint.

We also demonstrate our commitment to sustainability by supporting the drive to enhance hydrocarbon recovery operations in the UKCS. Research shows that oil and gas will remain a vital part of the UK’s energy mix as the country moves towards net zero. Therefore, it is essential to maximise economic returns and meet national energy demand by extracting maximum value from the declining North Sea production, minimising greenhouse gas emissions and reducing reliance on hydrocarbon imports.

TenzorGEO’s technologies can be deployed on the path to reaching 2050 targets. Our hydrocarbon delineation and monitoring services can identify small pools and track injected fluid, providing extensive knowledge of the subsurface to the operators, enabling them to maximise recovery from the UK fields.

More recently, TenzorGEO has pushed the boundaries of innovation by successfully modifying the tested interpretation method to provide a monitoring solution for Carbon Capture and Storage (CCS) operations. CCS has been identified as an essential operation in supporting the UK’s net zero transition, protecting the climate and environment upon which we and future generations depend. CCS will support the levelling up of the UK economy, particularly in creating a green economic recovery from the COVID-19 pandemic. In order to achieve net zero targets, CCS systems will need to capture, transport and store up to 176 MtCO2 per year by 2050. This level of CO2 storage will require comprehensive monitoring, to prevent any leakages from the reservoir and to ensure the storage integrity of the site. CCS operations are by nature long-term processes, spanning over many years. The process requires monitoring both at the time of injection and for years after. Current monitoring technologies deployed at these sites are unsustainable due to the long-term nature of these operations and mounting economic costs of repeated seismic surveys. TenzorGEO provides a sustainable, permanent and passive monitoring service that offers continuous recording and near real-time alerts. We strongly believe our solution will unlock the barriers currently preventing large scale growth of CCS across the globe.

MUTUAL NON-DISCLOSURE AGREEMENT

THIS AGREEMENT BETWEEN:

1. Tenzor Geo Ltd, a Company registered in Scotland with Company Number SC587661 and having its registered office at 13 Queen’s Road, Aberdeen, AB15 4YL (hereafter Tenzor Geo); and

2. [Your Company Name] of [Your Company Address] (hereafter Partner).

Tenzor Geo and Partner agree as follows:

Affiliate means in relation to either party any entity that from time to time, directly or indirectly controls, is controlled by, or is under common control with that party, or that is a successor (including, without limitation, by change of name, dissolution, merger, consolidation, reorganization, sale or other disposition) to any such entity or its business and assets. An entity will be deemed to control another entity if it has the power to direct or cause the direction of the management or policies of such entity, whether through the ownership of voting securities, by contract or otherwise.

Business Purpose means discussions relating to Tenzor Geo introduction, including but not limited to its structure, technology, processes, clients, counterparties, project, plans, etc. Group means each contracting party and its respective advisers, agents and representatives from time to time and its Affiliates and their respective advisers, agents and representatives from time to time.

Information means information in any form (including, without limitation, methodology, software and computer outputs) which is not excluded under clause 4 below, whether written or oral, of a business, financial or technical nature which is marked or otherwise indicated as being or is, or ought reasonably to be, known to be confidential and which is disclosed by one party to this Agreement (the Disclosing Party) or any member of its Group to the other party (the Receiving Party) or any member of its Group or otherwise come to its attention during the parties’ involvement in the Business Purpose. Information includes information relating to the involvement of either party’s Group in the Business Purpose.

1. The Receiving Party agrees:

(a) to hold the Information in confidence and, not without the Disclosing Party’s prior written consent, to disclose any part of it, to any person other than those directly concerned with the Business Purpose and whose knowledge of such Information is essential for such purposes. The Receiving Party will ensure that those persons comply with the obligations imposed on the Receiving Party under this Agreement. The Receiving Party shall be liable for such person’s default;

(b) not, without the Disclosing Party’s prior written consent, to use the Information for any purpose other than the Business Purpose;

(c) to delete from any device containing any Information and/or return to the Disclosing Party upon demand the Information except for one copy of such Information as is required to be retained by law, regulation, professional standards or reasonable business practice by a member of Receiving Party’s Group; and

(d) to use reasonable endeavours to provide the Disclosing Party with prompt notice if any member of the Receiving Party’s Group becomes legally compelled to disclose any of the Information, so that the Disclosing Party may seek a protective order or other appropriate remedy. If such order or remedy is not available in time, the obligation of confidentiality shall be waived to the extent necessary to comply with the law.

2. The Receiving Party agrees that no right or licence is granted to the Receiving Party’s Group in relation to any part of the Disclosing Party’s Information.

3. Neither party nor any member of its respective Group warrants the accuracy or completeness of the Information. Accordingly, neither party’s Group shall have any liability to the other resulting from the use of the Information, save in respect of liability arising from fraudulent misrepresentation.

4. Clause 1 does not apply to Information which:

(a) at the time of disclosure is, or subsequently through no fault of the Receiving Party’s Group becomes, generally available to the public;

(b) becomes rightfully known to the Receiving Party’s Group through a third party with no obligation of confidentiality;

(c) the Receiving Party is able to prove was lawfully in the possession of the Receiving Party’s Group prior to such disclosure; or

(d) is independently developed by the Receiving Party’s Group.

5. The obligations in this Agreement shall be binding on both parties for so long as the Information retains commercial value.

6. Each of the parties acknowledges that a person with rights under this Agreement may be irreparably harmed by any breach of its terms and that financial remedies alone may not necessarily be adequate. Accordingly, a person bringing a claim under this Agreement may be entitled to injunctive or other equitable relief for any threatened or actual breach of its terms.

7. Members of the parties’ respective Groups shall have the right under the Contracts (Rights of Third Parties) Act 1999 (the Act) to enforce the terms of this Agreement. The Act shall not affect any right or remedy available to any member of either party’s Group apart from the Act.

8. This Agreement is made by the Receiving Party on its own behalf and as agent for each member of its Group.

9. This Agreement will be governed by, and construed in accordance with, English law. Each party irrevocably submits to the jurisdiction of the English courts

Partner

Authorised Signatory: [your-name] verified via email

 

Tenzor Geo Ltd

Authorised Signatory: Ivan Starostin


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    DR ROY BITRUS, PHD

    DIRECTOR OF SALES