VLADIVOSTOK, September 2. /TASS/. Rosneft will join as an equal partner in BP’s ongoing project with Schlumberger’s seismic business, WesternGeco, to develop innovative cableless onshore seismic acquisition technology, according to the agreement signed on Friday at the Eastern Economic Forum 2016 (EEF2016).

"BP and Rosneft will have preferential access to this technology for an initial period, after which Schlumberger will have the exclusive rights to market the system," according to Rosneft press release.

The technology aims to revolutionize the design and acquisition of 2D and 3D seismic surveys, which in turn will improve subsurface imaging and the efficiency of exploration, appraisal and field development. The ability to deliver faster and better quality seismic data acquisition at lower cost compared to conventional seismic surveys will also bring environmental and safety benefits in difficult to access areas and extreme climates.

"These agreements turn the page in the development of upstream technologies. By teaming up with such industry leaders as BP and Schlumberger we are bound to succeed. … Given the international status of the research project, the product to be created will have a significant potential on global markets," Rosneft CEO Igor Sechin commented of the signed agreements.