 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
History
Reservoir Exploration Technology ASA (RXT) was formed in April 2002 by professionals with extensive technological and operational experience from the seismic industry.
A US entity was established in 2004, and the first operation started in the Gulf of Mexico in June 2004. Since 21 December 2006, the shares of RXT have been publicly traded on Oslo Børs (Oslo Stock Exchange, OSE) under the ticker RXT. In the period from 20 July 2005 to 21 December 2006 the shares were listed on the Norwegian OTC market.
Since start, RXT has:
- Operated one operation continuously in the GOM since August 2004.
- Rigged “Ocean Pearl” for “single vessel” seafloor acquisition, active from May 2006.
- Launched a third operation in The Caspian Sea with shallow water abilities, active from june 2007.
- Planned and secured vessels for two more operations in 2008, and one in 2009.
- Introduced new equipment and acquisition techniques which allow for better data quality at less cost.
- Secured exclusivity in the use of VectorSeis Ocean cable system for multi-component seafloor seismic data acquisition.
- Secured exclusive usage of KMS Technologies’ electromagnetic technology (EM) for cable based applications offshore and expects to offer EM services early 2009.
- Become the market leader of multi-component seafloor acquisition of seismic data.