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GeoTeric
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Short description

Developer of seismic imaging technology for the oil & gas industry

Founded in 1986
Founded in

Company type Private Public ()
Company type

Industry Group resources & environmental management

Sector environmental monitoring

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Aberdeen, United Kingdom
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Updated by Sunena Gupta at on 03/14/2025

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Date Company
04/30/2010

Statoil Statoil

The companies have signed a 6-year deployment agreement concerning ffA's software and services.

Confirmed by Statoil

Partnerships
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Date Partner Type
01/26/2010
TerraSpark Geosciences TerraSpark Geosciences
The companies have entered into an agreement to explore parallel research and development programs in 3D seismic imaging and workflow for the oil & gas industry.
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Confirmed by TerraSpark Geosciences
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IPO INFORMATION

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Description

Date Investors Type Amount
07/11/2010 Energy Ventures Energy Ventures (1)
Post-money valuation of
Local investment denomination was in GBP
Growth Equity $5,164,800
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Products
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GeoTeric Services

Services for clastic, carbonate, sub-salt and shale environments.

Wide Commercial Availability Service - Per Unit
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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