Kelman reports i-Glass revenue success

As seismic processing business declines, data management sees ‘double digit growth’ in US.

In its annual report for 2009, Calgary-based Kelman Technologies reports growth in its seismic data management division in the face of declining revenues from data processing division. Data management revenue totalled $10.5 CDN million compared to $9.8 million in 2008, driven by ‘double-digit growth’ in the US data management business. Overall, revenue in 2009 was $21.6 million compared to $29.6 million in 2008.

Kelman’s ‘iGlass’ seismic data management solution was introduced to industry at last year’s SEG (Oil IT Journal November 2009). iGlass client software is a fully functional data management tool that allows oil and gas companies to manage their seismic assets. The iGlass portal adds a map view of data assets.

According to president and CEO Rene VandenBrand, ‘Clients now recognize the need for increased efficiency in dealing with large volumes of seismic data and in avoiding the growing legacy data problem. We expect this business unit to continue to grow in 2010 and beyond.’ More from

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