Adrok has developed a technology, Atomic Dielectric Resonance (ADR) Scanner, which can identify and image any substance down to molecular or atomic level.
The company said that the technology provides exploration companies and operators with the capability to pinpoint the location of hydrocarbons before costly drilling programs begin. ADR can also quantify oil or gas reserves, give insights into the mix of sand and water, map geological structures to a higher resolution and undertake scans of large remote areas.
Companies specializing in natural resources (oil, gas, water and minerals) can use this data for subsurface exploration, to develop new reserves, and to monitor their producing fields, the company added.
The technology is currently being used primarily during onshore exploration although some offshore activity has been undertaken. The agreement with IBD Group will involve Adrok’s technology being licensed to the group who will provide the ADR Scanner directly to oil and gas companies in the region.
In addition, reaching depths of up to 4km, the technology works by learning how different substances, including hydrocarbons, interact with the light waves passing through them, which are then reflected back to the surface.
Gordon Stove, managing director of Adrok, said: “The new partnership with IBD marks a critical milestone in the firm’s expansion into international territories. The Middle East is a key target for Adrok and IBD will undoubtedly assist us in building enhanced access to market opportunities, reduced operating costs and utilization of local resources in the region.”
Sayyid Mohammed Al-Said, CEO of IBD Group, said: “This technology has the potential to change the way oil & gas companies conduct business, not only in new exploration but also in finding the oil or gas that was left behind in old fields.
“I believe the technology will significantly contribute to reducing oil or gas extraction cost which would translate into savings in overall cost to the end user. We are excited that this partnership will bring the technology to the Middle East”
