Chinese software to help detect reserves

China has independently developed a software for resources exploration that aims to raise the operational efficiency of oilfields and coal mines, a process which promises to break the monopoly of international companies in the sector.

The software, call iPreSeis, is an application using seismological waves to image and quantitatively predict oil and other reserves.

The idea of developing such software was initiated in 2003. After more than a decade, the Research Institute of Petroleum Exploration and Development - under the China National Petroleum Corporation, the country's largest energy developer - announced the success of the innovation.