Business news for the week of 23 May 2011

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Seismic crew survey reports

FairfieldNodal helps Apache tame Alaskan challenge
 
16 May 2011—FairfieldNodal announced the successful employment of ZLand and Z700 cable-free equipment on an Apache Corporation seismic test survey in the onshore and shallow-water region of Cook Inlet, Alaska.

Due to restrictive state and federal permits, the test took place on a condensed timeline from mid March to early April of this year. Unpredictable ice and ground conditions in the area put additional demands on the operations.

Apache contracted NES, LLC to organize and test a variety of seismic recording and source systems to determine optimum equipment and acquisition parameters for potential future exploration over their lease holdings in the area.

FairfieldNodal contributed to the test by organizing and assembling its own true cable-free ZLand and Z700 recording systems, and installing a Z700 deployment/retrieval system on a local vessel. For the limited test, FairfieldNodal supplied 725 ZLand nodes and 200 Z700 nodes, plus support and operations personnel.

 

Seymour ventures subsidiary rare Earth Industries acquires Lanthanum-Yttrium Exploration Property

16 May 2011—Seymour Ventures' wholly owned subsidiary Rare Earth Industries Ltd (REI), has secured a rare earth element exploration property in Fremont County, Colorado, known historically as the Henry Pegmatite.

A total of 66 claims were staked from the US Bureau of Land Management, and consist of approximately 1320 acres.  The claims are located approximately 3 km north-northeast of Cotopaxi, Colorado, and are easily accessible by paved roads.  Existing infrastructure will greatly assist REI in conducting exploration work.

The Henry Pegmatite, which has a minimum strike length of 84 m and width of 12 m, is situated along the contact between the Pikes Peak batholith and clastic metasedimentary host-rocks.  Mining was initiated in 1939 when several hundred tons of potash feldspar was produced by the Colorado Feldspar Company from open cuts. Rare earth element minerals were first documented in an investigation by Heinrich (1948, The American Mineralogist, vol.33).

REI will develop a thorough exploration program to fully quantify and assess REE and rare metals potential of the Henry Pegmatite.  This will include mapping, geophysical analysis, trenching and sampling, and design of an initial drill program to outline resources. Specifically, REI will look to identify high-value drill targets.

 

TGS expands 2D multiclient seismic data library in northwest Europe with three surveys

18 May 2011—TGS commences the 2011 summer season with three 2D surveys in cooperation with Fugro: North Sea Renaissance 2011(NSR11), Mid-Norway Regional 2011 (MNR11), and Norwegian Barents Sea 2011 (NBR11).  The data to be collected includes approximately 10,000 km for NSR11 which is a regional infill West of Shetland utilizing the M/V Bergen Surveyor, approximately 10,000 km for MNR 11 which is a regional infill in the Norwegian Sea utilizing the M/V Akademik Shatskiy and approximately 10,000 km for NBR11 which is a regional infill in the Barents Sea utilizing the M/V Akademik Lazarev.

These projects will enable TGS to continue building on the regional long offset grid in northwest Europe. Upon completion of the 2011 acquisition season, the long offset grid will total approximately 285,000 km.  The new long-offset projects together with the previous year's programs will be important for companies in the early exploration phase as well as for license round preparation in both Norway and the UK.

The data will be jointly processed by TGS and Fugro and time and depth products will begin to be delivered later this year.  Completion of all three projects is scheduled for the end of the first quarter in 2012. 

 

Paradigm appoints Bruce P. Koch as chief financial officer

18 May 2011—Paradigm has appointed Bruce P. Koch as the company's chief financial officer. He will be accountable for all aspects of Paradigm's finance. Koch is based at the company's US headquarters located in Houston, Texas.

Koch has over 25 years of financial, accounting, tax, treasury, information technology and merger and acquisition experience. He has a long history in the oil and gas service sector, having previously served as executive vice-president and chief financial officer for Cal-Dive International; and vice-president and chief financial officer for Nabors Industries Ltd., the world's largest land drilling company.

 

Expanding multiphysics applications with COMSOL version 4.2

18 May 2011—COMSOL announced the release of the latest version of COMSOL Multiphysics, its simulation environment. Version 4.2, which expands the scope of applications covered by COMSOL, is now available and will be shipped to all customers with current subscriptions.

Version 4.2 expands the applications covered by COMSOL with three new application modules—Microfluidics, Geomechanics, and Electrodeposition—and new LiveLink interfaces for AutoCAD(R) and SpaceClaim(R).

 

Blueback Reservoir announce the release of the Blueback Toolbox 2011.1
 
20 May 2011—Blueback Reservoir announced the release of the Blueback Toolbox 2011.1.
 
The Blueback Toolbox suite of Petrel plug-ins contains Petrel functionality features not available in standard Petrel. It has been developed by the Blueback Reservoir development team using the Petrel development framework called Ocean. All functionality has been developed based on requests from Petrel users around the world and the development is coordinated with the Petrel software teams at Schlumberger.

The Blueback Toolbox suite now contains four different modules: Blueback Geology Toolbox, Blueback Geophysics Toolbox, Blueback Project Management Toolbox, and the brand new Blueback Reservoir Engineering Toolbox. The main focus for the Blueback Toolbox 2011.1 release is on Petrel Reservoir Engineering. The four separate modules enclose a large number of plug-ins filling functionality gaps in standard Petrel. The development focus is to provide Petrel users with functionality features speeding up and improving the various workflows.

 

Geomage Group acquires Petro Trace Services

20 May 2011—Geomage Corporation has acquired Petro Trace Services (PTS). The combination of PTS with Geomage current activity in Russia, will likely form one of the largest geophysical service providers in Russia.

Geomage will continue to use Paradigm's software and expertise for conventional processing, interpretation, and migration in addition to its proprietary multifocusing processing solutions for enhanced imaging.

PTS will be combined with the operation of Geomage RU, the multifocusing service provider of the Russian market.   

Following the acquisition, Geomage Corporation becomes a full processing service shop that provides the complete processing workflow, plus multifocusing technology.

 

CGGVeritas announces seismic permit in the Gulf of Mexico

23 May 2011—CGGVeritas has been granted a seismic permit in the Gulf of Mexico.      

Based on the award of this permit, CGGVeritas is currently in discussions with various E&P companies operating in the Gulf of Mexico to finalize the design of a new multiclient program. The program will utilize BroadSeis in a wide-azimuth configuration. Subject to standard prefunding considerations, the Gulf of Mexico program is targeted to commence in the fourth quarter of 2011.

 

Survey for Brunei Shell Petroleum

23 May 2011—CGGVeritas has completed a BroadSeis seismic survey in Brunei Darussalam for Brunei Shell Petroleum Company.

BroadSeis, the new CGGVeritas broadband marine solution, combines Sercel Sentinel solid streamers, a unique variable-depth towing configuration and a proprietary deghosting and imaging algorithm.

The program comprised a number of 2D lines located in deepwater and combined BroadSeis technology with a bigger source array and a long streamer. CGGVeritas acquired the survey on the block operated by BSP and in cooperation with Total E&P Deep Offshore Borneo B.V.

 

Ikon Science releases Rokdoc 5.6 for unconventional reservoirs

23 May 2011—Ikon Science releases RokDoc 5.6 software to model unconventional reservoirs including shales, fractured reservoirs, heavy oils, and compacting reservoirs. This release provides unique functionality for quantitative interpretators and reservoir teams. 

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CECON ASA: New office in The Netherlands—Leiden 1st June 2011
 
23 May 2011—Cecon, the Norwegian-based independent offshore subsea contractor, has announced a firm commitment for its new office in Leiden, The Netherlands, including the creation of 15–25 new jobs and a further significant investment over the next 12–24 months.
 
It is intended that Cecon's Dutch branch will support existing and potential international oil and gas clients, located in and around the North Sea and international companies, with a presence in The Netherlands. The expansion of Cecon is part of the company's long-term strategy to grow its presence internationally. Specifically the exclusive agreement with Zafiro Marine for marketing and operating the DP3 Pipelay & Crane vessel Sampson has underpinned the requirement for a Dutch office.
 
 
CGGVeritas begins acquisition on first BroadSeis multiclient program

CGGVeritas has initiated acquisition on the first 3D multiclient program that uses BroadSeis, its broadband marine solution. Located in the Central North Sea, Quad 29 Phase 1 covers 2100 km² and is being acquired by the CGGVeritas Oceanic Challenger operating with a 10 x 75 x 6000 m long-offset configuration. A number of major oil companies have precommitted to the project and data delivery is expected around the end of the year.

Earlier BroadSeis North Sea trials demonstrated a significant enrichment of the geological detail visible in the seismic data, greatly enhancing fault mapping, lithology discrimination, and the interpretation of stratigraphic features such as pinch-outs and facies transitions.

BroadSeis enables imaging of the thinner and more complex reservoirs from the deep Carboniferous-Permian section through the Jurassic and up to the shallower Paleogene targets and will be a key solution for unlocking bypassed hydrocarbons in the North Sea.

 

Emerson Process Management has released Roxar RMS 2011
  
24 May 2011—RMS 2011 comes with new features that provide modelers with enhancements to the seismic architecture to allow direct reference between the reservoir models and the 3D and 4D seismic data that the interpretation and modeling is based on. Key highlights of RMS 2011 include new tools to model complex geologies and incorporate 4D seismic into the workflow; geological well correlation improvements; new fracture modeling capabilities; and usability and integration features that make RMS 2011 more accessible and easy to use, while at the same time realistically modeling some of the world's most complex geologies.

 

Sercel announces the path to one-million-channel acquisition

24 May 2011—CGGVeritas announced that its equipment subsidiary Sercel has broken the seismic recording channel capacity barrier with the launch of the Giga Transverse. 

The new Giga Transverse is offered as an add-on set of equipment to upgrade the channel capacity of the Sercel 428XL land seismic acquisition system. It is of particular benefit for high-channel-count surveys.

The new Giga Transverse boasts the fastest transmission rate in the industry, increasing the new optical transverse cable's capacity from 10,000 to 100,000 channels in real time per line. With the higher channel capacity, higher transmission rate, and simplified deployment offered by the addition of the Giga Transverse, the performance of the 400 series is further enhanced.

 

TGS expands 3D multiclient seismic data library in the Barents Sea

24 May 2011—TGS commences the acquisition of multiclient 3D seismic data in the Hoop Fault Complex area of the Barents Sea.  This survey is an extension of the previously announced Hoop Fault Complex survey and will add 1,800 km2 to the existing data in the area. Approximately 500 km2 of the survey are infill in the Northern area of the 2009 survey and the remaining 1,300 km2 are an extension to the east of the 2009 survey area. Blocks have been awarded in the survey area during the last two rounds and with the 2011 acquisition, TGS will be able to provide extended coverage for future rounds.

The M/V Polar Duke towing ten 6000-m streamers with 75-m separation will acquire the 2011 survey. Data processing will be performed by TGS and will be available to clients in late 2011. 

 

 ION introduces DigiBIRD II for marine seismic acquisition

24 May 2011—ION Geophysical Corporation announced the launch of DigiBIRD II, advancing its depth control system for marine seismic data acquisition. DigiBIRD II's new product features and enhancements will enable seismic contractors to acquire seismic data more safely, efficiently, and cost effectively.

DigiBIRD II product enhancements include:

  • Enhanced motor and wing modules designed to double the service life, backed by double the warranty period
  • A new battery and fuel gauge designed to allow users to track energy usage, reducing risk and cost of work boat operations and battery storage and handling
  • A new, more energy efficient electronic module that significantly extends battery life to 280 days, eliminating workboat operations for battery changes during most surveys

 DigiBIRD II will be commercially available in June 2011.

 

ION launches Gator II command & control for seabed seismic acquisition

24 May 2011—ION Geophysical Corporation announced the commercialization and first sale of its next generation command and control system for seabed seismic data acquisition, Gator II. Gator II includes advanced capabilities that can further increase operational efficiency and improve source and receiver positioning, enhancing resolution and data quality. The company announced its first sale of the system, made to China Oilfield Services Limited, an integrated oilfield services provider in the offshore China market.

Gator II product enhancements include:

  • A new central data management platform designed to provide operators with a survey-wide perspective and single point of control for more complex, multi-vessel operations and geometries
  • More simple, automated workflows designed to increase productivity
  • New, more rugged, flexible portfolio of hardware suitable for harsh environments
  • Real-time survey optimization and advanced source and receiver positioning for unrivaled data quality, efficiency, and safety