Republic of Yemen awards major project for oil and gas reserves and resources evaluation and certification to Knowledge Reservoir. 9 March 2012—Knowledge Reservoir has been awarded a major project by the Republic of Yemen Ministry of Oil and Minerals, Petroleum Exploration and Production Authority (PEPA) for oil and gas reserves and resources evaluation and certification for the Republic of Yemen. The project will comprise a detailed evaluation of the region's hydrocarbon basins culminating in a documented assessment of the country's resources. All producing fields will, additionally, be studied and reserves assessed and certified in accordance with international oil and gas standards. Knowledge Reservoir's team will be based in Sana'a and will work closely with a team of geoscientists and engineers from PEPA who will be trained in the latest resource assessment workflows and knowledge management techniques.
CGGVeritas acquires its first ever 3D multiclient survey in Alaska 8 March 2012—CGGVeritas has begun acquiring the Tabasco 3D multiclient survey near the Kuparuk and Alpine oil fields on Alaska's North Slope. The program has received high industry prefunding. The company is deploying two of its proprietary acquisition technologies for the first time on the tundra to acquire the 133 m2 survey. Firstly, high-productivity vibroseis acquisition (HPVA), which has been deployed in the Middle East for many years, is being brought to Alaska to produce the highest density 3D survey ever acquired on the North Slope, with more than 1500 vibration points per square mile (a new benchmark in offset and azimuth sampling). Secondly, with the addition of EmphaSeis broadband vibroseis to achieve a vibrator sweep of more than four octaves of frequency, the CGGVeritas crew will acquire a high-density, broadband data set for optimal depth migration and reservoir attribute work. The combination of these two technologies is necessary for imaging the complex reservoirs in this area, and for characterization of rock properties relative to the emerging shale oil resource play on the North Slope. The seismic data will be imaged with anisotropic prestack depth migration at the CGGVeritas Calgary processing center. The first migrated data are scheduled to be delivered in July 2012
Spectrum, in partnership with CGGVeritas and GeoData Ventures, commence a broadband 2D multiclient seismic survey offshore West Timor, Indonesia 12 March 2012—Spectrum, in partnership with CGGVeritas and GeoData Ventures, have commenced a broadband 2D multiclient seismic survey offshore West Timor, Indonesia, utilizing CGGVeritas' BroadSeis technology. The largely prefunded program will cover 3340 km over the Timor trough, with CGGVeritas providing acquisition and processing services. The survey is within an underexplored region with a complex geology, making the combination of BroadSeis acquisition and prestack depth migration (PSDM) an advanced technology solution for this area. Final deliverables are expected to be available in November 2012. 6 March 2012—Two digital core imaging and analysis companies, Digitalcore Pty Ltd of Canberra Australia and Numerical Rocks AS of Trondheim Norway, have signed an agreement to merge and form a new company, subject to completion of documentation and satisfaction of conditions usual for this type of transaction. Odd Hjelmeland, currently CEO of Numerical Rocks, will serve as CEO of the new company while Victor Pantano, CEO of Digitalcore, will serve as COO. The new company will have offices in Trondheim, Norway, and Canberra Australia, and serve clients in every major market in the world. Operations are planned for the Middle East and North America in the coming 12 months.
Saudi Makamin Oil & Gas Services Company and Digitalcore Pty Ltd sign agreement to merge 7 March 2012—Saudi Makamin Oil & Gas Services Company in Kingdom of Saudi Arabia, and Digitalcore Pty Ltd of Canberra Australia, are forming a joint venture to provide advanced core imaging and analysis services within the Kingdom. The joint venture will be based in Dhahran, and will make use of Digitalcore's HeliscanTM micro-CT system, which is able to image reservoir samples at micron resolutions. Digitalcore's proprietary image analysis software will process the micro-CT acquired images to create 3D representations of the rock suitable for further processing and the derivation of key petrophysical and geological properties used in oilfield simulations.
Hampson-Russell commercializes LithoSi application for improved reservoir lithology and fluid prediction 15 March 2012—Hampson-Russell Software & Services, a CGGVeritas company, has launched LithoSi, the newest addition to its HRS-9 suite of reservoir characterization applications. LithoSI is designed to predict facies type and fluid content from seismic inversion attributes, while quantifying the uncertainty in the prediction. The LithoSI workflow is based on the modeling of multivariate probability density functions from log data or from inverted elastic attributes at well locations. The probability functions are then mapped to elastic property volumes from seismic inversion using a supervised Bayesian classification. The outputs are a series of litho-probability cubes and a cube of the most probable facies.
MIT Research: Study finds room to store CO2 underground 20 March 2012—A new study by researchers at MIT shows that there is enough capacity in deep saline aquifers in the United States to store at least a century's worth of carbon dioxide emissions from the nation's coal-fired powerplants. Though questions remain about the economics of systems to capture and store such gases, this study addresses a major issue that has overshadowed such proposals. The MIT team's analysis—led by Ruben Juanes, the ARCO Associate Professor in Energy Studies in the Department of Civil and Environmental Engineering, and part of the doctoral thesis work of graduate students Christopher MacMinn PhD '12 and Michael Szulczewski—is published in the Proceedings of the National Academy of Sciences.
Study of Patagonian Glacier's rise and fall adds to understanding of global climate change 20 March 2012—Glaciers play a vital role in Earth's climate system, and it's critical to understand what contributes to their fluctuation.
Schlumberger announces agreement to acquire SPT Group 20 March 2012—Schlumberger has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing is subject to customary regulatory approvals.
SIGMA3 bridges geoscience and engineering with strategic acquisitions 21 March 2012—SIGMA Integrated Reservoir Solutions Corporation, a Symphony Technology Group company, announced the acquisition of three companies: Colorado-based APEX Petroleum Engineering, APEXHiPoint, and HiPoint Reservoir Imaging. Terms of the acquisitions were not disclosed. |
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