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PROSPEX: It’s All About Deals & Networking

Mike Bowman, Head of Geoscience for BP until 2010, and now Professor of Development and Production Geology at Manchester University, is President-Elect of the UK-based PESGB (Petroleum Society of Great Britain) and Chairman of PROSPEX, which will be held in London in December. We talk to him about this prospects fair – and whether there are too many events to attend in the industry now.

Do We Need Another Seismic Company?

New kid on the offshore seismic block, Dolphin Geophysical, started trading in 2010 and has been growing steadily ever since. But with a few notable exceptions, seismic companies seems to come and go with great rapidity, so does the industry need yet another? We ask Atle Jacobsen, Chief Executive Officer of Dolphin, to answer this question.

Negotiating the Oil Industry

Chris Moyes, who has over 40 years experience in the energy sector, is President of the Association of International Petroleum Negotiators (AIPN), an independent professional membership association supporting international energy negotiators around the world. He talks to GEO ExPro Magazine about the organisation and how the market for deals is looking in 2011.

Significant Conference

Every two years the Petroleum Society of Great Britain organises PETEX, a major conference and exhibition in London concentrating on developments in North-West Europe.

Understanding Our Energy Future

Dr. Scott Tinker travels the world extensively, speaking on his favorite subjects; global energy, the environment, the economy and education. Now, he is making a feature length documentary on global energy with the working title “The Bridge” and was kind enough to give us a sneak preview.

Possible Oversupply

Peak oil will happen, eventually, but possibly not before the 2030s. In the meantime, we may be faced with oversupply, partly driven by increased production in Iraq.

On AAPG, Oil, and Geoscience

Although geologists working in the industry have access to tremendous subsurface data, relatively few of the data become public domain, says Dr. John Lorenz, President of the American Association of Petroleum Geologists.

Using 4D Seismic

4D geophysics, in particular 4D seismic, has come of age. Repeated surveys with or without permanent receivers are now increasingly being used in monitoring production. This applies in particular to clastic reservoirs, meaning that one of the future challenges will be to make the technology also work for carbonates. Professor Dr. Martin Landrø now takes our questions.

Making More and Bigger Discoveries

A significant number of discoveries have been made on the Norwegian continental shelf (NCS) for the last two years. Even more important, the trend is towards making bigger finds. Since the merger between Statoil and Norsk Hydro exactly two years ago (October 1, 2007), StatoilHydro's international and Norwegian exploration efforts have proven more new resources than what has been produced.

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