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GEO_ExPro_v12i6

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A M<strong>in</strong>ute to Read…<br />

News from around <strong>the</strong> world<br />

Broadband HDFD<br />

There has been a significant growth <strong>in</strong> <strong>the</strong> use of broadband<br />

seismic acquisition <strong>in</strong> <strong>the</strong> <strong>in</strong>dustry’s attempt to better image<br />

<strong>the</strong> geology of <strong>the</strong> subsurface. Important structural and<br />

stratigraphic features are visible <strong>in</strong> much higher quality<br />

through obta<strong>in</strong><strong>in</strong>g a broader bandwidth, and this has created a<br />

press<strong>in</strong>g need for high resolution analysis techniques that are<br />

compatible with <strong>the</strong> complex waveforms of broadband data.<br />

Amidst <strong>the</strong> options available to <strong>in</strong>terpreters, software such<br />

as GeoTeric’s Broadband HDFD is suitable for High Def<strong>in</strong>ition<br />

Frequency Decomposition that is applicable to both broadband<br />

and conventional data. Their Broadband HDFD utilises<br />

patented, advanced frequency splitt<strong>in</strong>g techniques developed<br />

for <strong>the</strong> complex waveforms of broadband seismic data, and<br />

provides a high def<strong>in</strong>ition description of <strong>the</strong> geology which is<br />

o<strong>the</strong>rwise not visible. It provides illum<strong>in</strong>at<strong>in</strong>g and <strong>in</strong>formative<br />

results, lead<strong>in</strong>g to a more precise del<strong>in</strong>eation and extraction of<br />

<strong>the</strong> geological features from <strong>the</strong> data.<br />

This level of software is required to not only enable <strong>in</strong>terpreters<br />

to understand reservoir heterogeneity, but reduce time and<br />

<strong>in</strong>crease bus<strong>in</strong>ess value <strong>in</strong> a critical time for <strong>the</strong> <strong>in</strong>dustry.<br />

GeoTeric<br />

NAPE Goes Global – At Home<br />

Our goal at NAPE is to br<strong>in</strong>g <strong>the</strong> upstream oil and gas<br />

<strong>in</strong>dustry toge<strong>the</strong>r. We are tak<strong>in</strong>g steps toward fur<strong>the</strong>r<br />

achiev<strong>in</strong>g that goal by implement<strong>in</strong>g changes to our<br />

<strong>in</strong>ternational component at NAPE Summit, 10–12 February<br />

2016, <strong>in</strong> Houston. International prospects will no longer be<br />

featured <strong>in</strong> a separate exhibit but <strong>in</strong>stead will be <strong>in</strong>tegrated<br />

alongside <strong>the</strong> domestic booth spaces on <strong>the</strong> ma<strong>in</strong> expo<br />

floor. Now companies that deal both <strong>in</strong> North America and<br />

around <strong>the</strong> world may showcase domestic and <strong>in</strong>ternational<br />

opportunities from one centrally located booth.<br />

Additionally, we are expand<strong>in</strong>g our traditional NAPE<br />

Bus<strong>in</strong>ess Conference <strong>in</strong>to <strong>the</strong> NAPE Global Bus<strong>in</strong>ess<br />

Leverag<strong>in</strong>g Technology and Techniques<br />

A revival of activity on <strong>the</strong> UKCS needs to be married with<br />

high success rates of significant discoveries, and for this<br />

we need to leverage <strong>the</strong> latest generation data – broadband<br />

seismic – and quantitative prediction techniques to provide<br />

a better understand<strong>in</strong>g of <strong>the</strong> subsurface.<br />

UK explorer Az<strong>in</strong>or Catalyst is mak<strong>in</strong>g significant early<br />

phase <strong>in</strong>vestments to exploit technology and data to f<strong>in</strong>d<br />

<strong>the</strong> rema<strong>in</strong><strong>in</strong>g UK giants. Fewer wells will be drilled but<br />

those undertaken will have a higher Chance of Success<br />

(COS). With<strong>in</strong> eighteen months Az<strong>in</strong>or Catalyst has built a<br />

portfolio of 12 licences and identified 250 MMb of net risked<br />

resources via access to 90,000 km 2 of convention seismic,<br />

but more importantly squeez<strong>in</strong>g <strong>the</strong> <strong>in</strong>formation out of<br />

its 16,000 km 2 of broadband seismic. Ownership of such a<br />

seismic library <strong>in</strong> one bas<strong>in</strong> is second to only a few majors<br />

and a sure sign of commitment to future UKCS exploration.<br />

To extract <strong>the</strong> maximum value from <strong>the</strong>se seismic libraries,<br />

quantitative exploration and development (QED) best<br />

practices are be<strong>in</strong>g used alongside seed<strong>in</strong>g new <strong>in</strong>itiatives<br />

<strong>in</strong> R&D. QED no longer can be expected to sit outside<br />

<strong>the</strong> conventional workflow. Its application br<strong>in</strong>gs value<br />

14 GEOExPro November 2015<br />

Conference, which will highlight <strong>in</strong>ternational topics and<br />

feature speakers present<strong>in</strong>g worldwide forecasts. The most<br />

heralded expansion aspect is <strong>the</strong> addition of a prospect<br />

preview <strong>the</strong>atre located on <strong>the</strong> exhibit floor featur<strong>in</strong>g a full<br />

day of <strong>in</strong>ternational prospect preview presentations – a mustattend<br />

opportunity for <strong>in</strong>ternational players.<br />

NAPE Summit provides a unique opportunity to network<br />

with global colleagues with wide-rang<strong>in</strong>g <strong>in</strong>terests and expertise.<br />

For 2016, we anticipate over 35 countries be<strong>in</strong>g represented. For<br />

<strong>in</strong>ternational <strong>in</strong>vestors and decision makers, NAPE represents<br />

an unparalleled venue for mak<strong>in</strong>g connections and explor<strong>in</strong>g<br />

opportunities. Come to NAPE. Where deals happen.<br />

throughout <strong>the</strong> subsurface <strong>in</strong>terpretation and provides an<br />

improved solution which can quantifiably impact <strong>the</strong> COS and<br />

generate material returns for shareholders. Az<strong>in</strong>or Catalyst is<br />

a member of <strong>the</strong> Seacrest Capital group of companies.<br />

Az<strong>in</strong>or

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