Geology & Geophysics

While PGS didn’t reveal the exact location of the contract, recent finds in Namibia and Uruguay suggest the work will take place in these emerging exploration hot spots.

Activities include acquiring over 26,000 km2 of 3D seismic data, drilling at least four deepwater research wells, and geoscientific studies in the Save and Angoche offshore regions.

By combining Chevron’s artificial-intelligence models for automated fault detection, with Eliis’s global methods for advanced seismic interpretation, the time needed to perform structural interpretation, in all geological settings, can be reduced by orders of magnitude.

The survey revealed a Messinian evaporite layer of variable thickness extends across most of the area. The survey is tied to the Kiwi-1 well, one of the few wells in this deepwater area, and primary targets are likely to be pre-salt Oligo-Miocene structures with clastic reservoirs.

TGS has expanded the coverage of its CO2 storage assessment datasets by adding eight additional U.S. onshore basins. These basins include Gulf Coast Onshore, Permian, Illinois, Michigan, Appalachia, North Dakota, Sacramento-San Joaquin and DJ, including interpretation on more than 43,000 wells across 378 million acres.

Leading the new deals is the purchase of 25,000 STRYDE Nodes™ by first-time client, Ukrainian seismic acquisition firm, Georozvidka LLC.  The technology will be used for multiple 2D and 3D seismic surveys in Ukraine, supporting national and global energy security through the enablement of new oil and gas exploration projects.

Aminex announced that interpretation of recently-acquired 338 km2 3D seismic dataset over the Ruvuma PSA has improved the in-place volumetrics for the Ntorya natural gas discovery and revealed a significantly higher resource potential in the wider license area than previously identified on the existing sparse 2D database.

PGS is awarded a 3D project in the Mediterranean for a major energy company. The Ramform Hyperion is scheduled to start the survey early March and the project has a total duration of approximately 30 days.

The solution connects Shell’s exploration teams to relevant seismic data. With rapid access, Shell can now focus on informed decision-making in the dynamic energy landscape.

The survey is expected to have a contract value of approximately $2 million and should commence early March 2024.

The newly added dataset allows real-time delivery of well economic statistics, providing users with valuable insights into oil and gas asset performance based on highly accurate well data and well-specific cost models.

The oil and gas industry recently participated in the Gulf of Mexico Lease Sale 261, where blocks within the survey area attracted 16 winning bids and a total bid value of more than $40 million. The Engagement 5 dataset will support existing and new leaseholders as well as regional operators with the most technically advanced subsurface imaging.

MetaBlue Land is an industry-first solution that connects every stage of a project, from planning through acquisition to data delivery, while monitoring survey progress in real time.

CGG has committed to reimaging over 5500 km2 of 3D seismic data in the complex eastern Columbus basin, using its proprietary TL-FWI imaging technology, which will deliver significantly improved seismic images and provide a better understanding of the geological systems in this underexplored part of the basin.

The new data set is relevant for companies seeking to establish a presence in the area and for existing operators aiming to refine their exploration strategies.

Quantum computing has vast potential to reshape subsurface evaluations, providing capabilities and advanced geoscience analyses that are orders of magnitude faster and superior to any computer system that exists today.

TGS successfully acquired 2,400 km2 of OBN data within a span of 410 days, concluding the data acquisition process 20 days ahead of schedule.

PGS has made available multi-client 2D and 3D data, along with Quantitative Interpretation (QI) products, to facilitate the assessment of farm-in opportunities in Uruguay.

In today’s volatile environment, there is a pressing global need for secure, sustainable and affordable energy. Oil and gas exploration and production companies must optimize performance to remain profitable, while also reducing geological risks—especially for structurally and lithologically complex reservoirs. The future of the upstream industry lies in the adoption of innovative geoscience digitalization solutions to optimize operations. Machine learning applications for geoscience data have been in use for more than 25 years but have become critical in recent years due to the massive growth in the amount of petrotechnical data being acquired. As machine learning evolves and gains acceptance, it will play an increasingly visible role in analyzing surface and subsurface data. Join World Oil and AspenTech for this webinar to learn how to: • Improve digital representations of the subsurface, such as rock prediction volumes, using machine learning and AI • Leverage, QC and de-risk existing data from the subsurface, and display them in a comprehensive manner • Make faster, more educated business decisions at lower cost Register now to join the conversation and hear how you can leverage digital solutions to increase exploration success.

With the ability to access critical data through OBN technology, clients can optimize their reservoir management, streamline decision-making and enhance their overall operational efficiency.

PGS has 2D multiclient data to aid understanding of the areas and evolving plays in the Trinidad and Tobago Shallow Water Competitive Bidding Round 2023.