SAN FRANCISCO, July 6, 2016 /CNW/ - Neos Inc. will develop a new generation gravity gradiometry sensor which
will be 20 times more powerful than current technology to find oil, gas
and minerals beneath the earth's surface.
Neos and Lockheed Martin are building a unique sensor, which is so
advanced it could find a 10-meter tall hill buried one kilometre below
the earth's surface. Put another way, the technology could find an
armoured truck full of gold 20 meters below the earth, purely by
sensing the effect the bullion imparts on the local gravity field.
The new technology, called Full Tensor Gradiometry (FTG) Plus, has 20
times the sensitivity and 10 times greater bandwidth than current
"FTG Plus transforms what we can do and what we can see from the air,"
said Chairman of Neos Inc. Jonathan Faiman, "Remote sensing is going to
dominate the exploration market and with this sensor Neos will have the
most advanced in the world. It will enable us to image resources
cleaner, quicker and at a lower cost to our customers."
Lockheed Martin is building the prototype specifically to detect natural
resources from aircraft owned and operated by Neos.
Neos acquired the FTG Plus program as part of its acquisition of assets
from CGG SA announced April 29, 2016.
"The advances we will make here are extraordinary. One of the reasons is
that in the past we and competitors have used military hardware,
modified for geophysical survey purposes," said Gregory Paleolog, FTG
Plus program lead for Neos, "FTG Plus is the first time Lockheed Martin
has specifically built a sensor for our precise use and needs. That is
a fundamental change; it is an entirely new design for us and we have
exclusive rights to use it."
Neos has exclusive use of the technology for applications related to
oil, gas and mining and will use FTG Plus in its fleet -- either
Twin-Engined Basler BT-67s, single turbine engine Cessna C-208B Caravan
aircraft or Reims-Cessna F406 twin turbine airplanes. The sensors can
also be used in helicopters.
The technology has the potential to change the way governments, energy
ministries and exploration teams find valuable resources, and
ultimately lead to faster, more informed decisions about where to
explore, lease and drill.
"At a time when so much marine seismic equipment is being cold-stacked,
we will be able to use non-seismic technology with a new sensor 20
times better than anything we have ever seen before," Paleolog said.
"This means we will find more resources, quicker and with more accuracy
than ever before. It will be transformative."
NOTES TO EDITORS
CGG and Neos: On April 29, 2016, Neos announced an agreement with CGG SA
to acquire its Multi-Physics business group, its General Geophysics
Italy group and its data libraries for an undisclosed sum. The FTG Plus
programme was acquired as part of the transaction as were a fleet of
aircraft used in non-seismic work including those that will fly the FTG
Greg Paleolog and the FTG team are based in Toronto, Canada and in
Melbourne and Perth, Australia, and the flights made with existing and
future sensors are made all over the world. Media access to flights is available: Please approach David Yelland at
KTP: firstname.lastname@example.org or +44-207-652-4348.
Neos helps governments, energy ministries and exploration teams in the
natural resources industries make faster, more informed decisions about
where to explore, lease and drill. In partnership with its clients,
Neos acquires and simultaneously interprets multiple geological,
seismic, non-seismic and geochemical datasets to identify valuable
resources in the subsurface, including hydrocarbons, minerals and
Jonathan Faiman invested in Neos in May 2015 and became Chairman with
overall control of the company. Before becoming Chairman at Neos,
Jonathan co-founded Ocado PLC, a U.K. business started in 2000.
Investors in Neos include Jonathan, Goldman Sachs, Kleiner Perkins
Caufield & Byers and Passport Capital. For more information, visit http://www.neosgeo.com Jonathan Faiman and Greg Paleolog are contactable via David Yelland at
KTP or Neos' Communications Team (Courtney Ford: Office
+1-925-738-2168, email@example.com ) Or at Lockheed Martin contact Jim Archibald, Gravity Systems Business
FTG stands for Full Tensor Gradiometry. FTG, like many sensors used in
non-seismic work was originally used for military purposes.
Neos is primarily a non-seismic company but it does also have a seismic
processing group. The major difference between the two is that seismic
work, the mainstay of the oil and gas industry for many years, often
involves the use of ships using older technology to detect resources.
Non-seismic work, which can be over land or see, uses advanced
technology to map what is under the earth.
It is then Neos' digital teams which add the company's competitive
advantage in the market by analysing the data in order to produce maps
showing where resources are. Neos has a world leading record in doing
However, the combination of the new Lockheed Martin sensors and advances
in the analysis will produce maps which surpass any currently
SOURCE Neos Inc.