New underground mapping may mean more oil and gas, fewer cut trees

The climate impact of fossil fuels is in the spotlight as world leaders prepare to head to the COP28 climate negotiations in the United Arab Emirates. Environmental impacts arise from many steps in the oil and gas production process, including the underground mapping that must be done before companies can drill wells. The seismic survey process requires tree cutting that can fragment forests, as well as equipment that emits greenhouse gases.

OptiSeis Solutions is a company in Canada that is developing a new technology that reduces the environmental impact of the seismic survey process. Andrea Crook, the CEO of OptiSeis, joins the podcast to tell us about the technology, which can be used not only for oil and gas development, but also for geothermal and carbon capture and storage.

Stick around after the interview for Jeff Mower with the Market Minute, a near-term look at oil market drivers.