Iraqi Kurdistan All in the Timing
GEO_ExPro_v12i6
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