Bob Peebler, President and CEO of ION, helped turn the company around knowing "there will be bumps in the road."
Vol. 5, No. 5
Understanding the deposition of evaporites and how the subsequent deformation history can influence salt basin petroleum systems is crucial for successful resource exploration.
A beautiful but frequently overlooked area, the Welsh Marches of Shropshire, not only has delightful scenery, ranging from rural rolling fields to bleak moorlands, but is also one of the cradles of geology, where both the famous geologist Roderick Murchison and naturalist Charles Darwin formulated many of the founding principles of the science.
Roughly 25 million Euros will be spent next year by the Norwegian government on mapping two regions offshore Norway that have not yet been offered for licensing. The reason for omitting the frontier provinces of Nordland VII and Troms II (offshore Lofoten and Vesterålen) from licensing, is strong resistance from environmentalists claiming that exploring for oil and gas will harm the fisheries and the overall environment.
Over the last decade we have experienced several step-changes in marine seismic acquisition technologies. Because acquisition and seismic imaging are inextricably linked, these changes have impacted positively on the seismic image of subsurface geology. But have we found the ultimate acquisition technique? In this article, we speculate what the future may bring.
2008 marks the 100th anniversary of oil discovery at Masjid Sulaiman in southwest Iran (Persia), which ushered in a new era in the history of the Middle East. This is the story of the men who made this discovery.
Sverre Strandenes of PGS recently gave his view of the geophysical industry at an AAPG international conference in Oslo, Norway. We used this opportunity to ask him about the past, present and future of geophysical technology.
A significant discovery of light oil in sandstones with excellent porosity has been made on the Tampen Spur in the North Sea. Prior to this find, the area was thought to be both gas-prone and to have poor reservoir parameters.
Hidden by a thick veil of salt and once thought too deep for liquid hydrocarbons, recent deep water discoveries off the southeastern Brazilian coast could be the largest in the past 30 years.
While well geochemistry is a routine service in exploration drilling, surface geochemistry is now growing in popularity, in particular in deep water frontier basins. That's a market Geolab Nor wants their fair share of.
Polarcus is a new seismic company with an unusual agenda - to pioneer the acquisition of high quality towed streamer seismic data while causing minimal impact on the environment.
New approach makes geophysical results available to engineers in a form they can use. History matching, volumetric calculations and reserve estimates may all be improved.
The question is not when we run out of oil, but when we are no longer able to increase our total energy output. In the meantime, like it or not, we will have to rely on the coal industry.
Covering an area about half the size of Europe, Brazil's onshore basins could hold large quantities of oil and gas like their Northern Hemisphere counterparts. Yet they have remained barely explored, overshadowed by the huge successes in the offshore.
Recent seismic reprocessing work performed by geophysical contractor, Spectrum Geo Ltd., under an agreement with the Indian Directorate General of Hydrocarbons (DGH) has shown that the application of modern seismic processing techniques (specifically Radon Demultiple, PSTM and PSDM) to data acquired in 2002 has considerably improved the final result.