Petrolern is an industry leader in developing subsurface technologies for exploring, developing, and generating profitable geothermal electricity and heat from both lower-temperature sedimentary formations and Enhanced Geothermal Systems, and specifically repurposed late-stage oil and gas wells. Petrolern has innovative and proprietary technologies to map geothermal play fairways and to characterize, monitor and visualize geomechanical characteristics of subsurface formations and fractures.
Tesseral uses a proprietary and patented technology in the field of seismic modeling and imaging that is critical to defining opportunity and de-risking projects in geothermal well conversions or exploratory wells. The success of geothermal projects depends on understanding fracture systems regarding risk mitigation, geohazards and crucial reservoir information.
Petrolern's CEO, Dr. Hamed Soroush remarks, "We are delighted to work with Tesseral to integrate our award-winning subsurface technologies with their outstanding duplex wave migration technology that is a great fit to significantly improve the current state-of-the-art in characterization of geothermal systems. This alliance represents a major step in our strategy to grow Petrolern's global footprint in geothermal, while we equally envision applications to carbon storage and oil and gas use cases, as well."
"Current industry imaging technologies are capable of delineating the top and bottom of each geologic interval with a high degree of resolution. However, their ability to delineate lateral changes (sub vertical boundaries) within the geologic unit is extremely poor," states Ivan Iantsevitch, President of Tesseral. "Our technology can delineate the lateral subvertical boundaries with high resolution; therefore, these technologies complete the image such that the subtle traps that have been missed in the past can now be delineated."