Business news for the week of 18 January 2012 News section front Past news briefs Seismic crew survey reports

Kongsberg Geoacoustics invited tosurvey the Venetian Lagoon

18 January 2012—The Venice Institute of Marine Science, engaged in research and monitoring projects of the Venetian lagoon, has invited Kongsberg Geoacoustics to demonstrate their technology for gathering high-resolution bathymetry data in the lagoon with the aim of effectively covering large very shallow water areas with portable installation, providing highly repeatable data to allow monitoring of even the smallest changes through time.

 

Sercel acquires the assets of Geophysical Research Company

18 January 2012—CGGVeritas announced that its subsidiary Sercel has acquired the assets of Geophysical Research Company (GRC). Headquartered in Tulsa, USA and established in 1925 by Amerada Petroleum Corporation, GRC is a provider of downhole sensors and gauges for the oil and gas industry. With approximately 120 employees, GRC is expecting 2011 revenues in the order of US $22 million.

 

Producers of Clean Gulf event to launch Shale EnviroSafe Conference and Exhibition

19 January 2012—The producers of the Clean Gulf Conference & Exhibition are launching the inaugural Shale EnviroSafe Conference and Exhibition at the New Orleans Ernest N. Morial Convention Center in New Orleans, USA. Taking place 14–15 November 2012, Shale EnviroSafe will focus exclusively on the environmental, safety, and health challenges faced by the oil andd gas community at shale plays around the country.

 

Letter of Award for a 3D survey offshore India

20 January 2012—Dolphin Geophysical has received a letter of award from an undisclosed client for the acquisition of a 3D survey offshore India. The survey will be acquired with the M/V Artemis Arctic and is expected to be completed in early April 2012.

 

Dolphin secures a multiclient agreement and 3D seismic acquisition contract for Polar Duke 

20 January 2012—Dolphin Geophysical has reached final agreement with Petrosen to commence acquisition of a 3D multiclient survey covering nearly 3600 km² offshore Senegal. The survey will commence early March and is funded by industry. Dolphin already has 2D seismic data over this area, acquired in 2011.

Further, Dolphin Geophysical has received a LOA for additional 3D contract work and combined with the existing backlog and multiclient commitment, Polar Duke will have a firm backlog until end of late 2012.

 

Advanced petrophysics for better drilling decisions and greater profitability

20 January 2012—Fugro-Jason released the newest version of its petrophysical software, PowerLog. The software offers new functionality for multi-interpreter collaboration, capillary pressure analysis, and visual presentation.Visuals are automatically updated by dynamic viewers and can present field data for review by peers, senior management and clients. PowerLog's multiwell capabilities let clients view and manage thousands of wells. The database also allows organizations to push standards to every interpreter in the company so that all displays are comparable.

 

Letter of intent from the Norwegian Petroleum Directorate

23 January, 2012—Dolphin Geophysical has received a letter of intent from the Norwegian Petroleum Directorate for the acquisition and processing of 8.000–10.000 km of 2D seismic data on the Norwegian Continental Shelf north of 64° North. The program will be acquired with the ice-class vessel Artemis Atlantic, commence early May and is expected to run for approximately three months. The contract value is up to a maximum of NOK 72 million.

 

IHS launches IHS Connect

24 January 2012—IHS announced the release of IHS Connect Oil and Gas, a scalable platform that provides energy upstream decision makers access to IHS integrated energy information through a single user interface. The platform allows customers to optimize the value of their existing IHS subscriptions by providing tools that support their business workflows, making them more effective and efficient.

 

ffA's global launch of GeoTeric

1 February 2012—ffA has launched its new seismic interpretation workflow software, GeoTeric. GeoTeric directly translates geophysical data into geological information. ffA's 3D seismic analysis, frequency decomposition, and RGB colour blending technologies are retained within the GeoTeric suite.

GeoTeric brings to the market ffA's adaptive geobodies technology, developed with Lundin Norge, which makes it possible to handle situations requiring 3D geobody delineation.

With Adaptive Geobodies interpreters can generate 3D geobodies based on single or multiple attribute responses intuitively and interactively. 3D manual manipulation tools and the ability to account for the interplay between different elements of the geology makes it possible to extract 3D geobodies in areas such as braided channel or karst systems.