OCTIO AS acquires Gravitude AS

On August 1st 2013, OCTIO AS  acquired all the shares of Gravitude AS from Statoil Technology Invest (STI). Gravitude AS was established in 2012 within Statoil to commercialize an advanced method for 4D gravimetry and seafloor deformation monitoring. Currently, the technology is used to measure mass redistribution from production in hydrocarbon reservoirs and injection of CO2 for sequestration. The methods have been used on several fields operated