The Paradigm 2015 Virtual Lecture Series has begun

The 2015 Paradigm Virtual Lecture Series has begun. In each brief video session (15-30 minutes), you will discover high-definition seismic imaging, quantitative seismic interpretation, and unique modeling approaches that redefine workflows to minimize risk and maximize production 

 

BP to acquire additional interest in the West Nile Delta project

The acquisition will bring BP’s working interest in both concessions of the West Nile Delta project to 82.75 per cent. 

The West Nile Delta project agreement, concluded in March 2015, involves the development of 5 trillion cubic feet of gas resources and 55 million barrels of condensates. Production from WND is expected to be around 1.2 billion cubic feet a day (bcf/d), equivalent to about 25 per cent of Egypt’s current gas production. All the produced gas will be fed into the country’s national gas grid. Production is expected to start in 2017.    

Commenting on the deal Hesham Mekawi, BP North Africa Regional President said: “BP is proud of the successful partnership it has had with Egypt for more than 50 years, and its role in the development of Egypt’s energy sector.We are pleased to be increasing our interest in the WND project, which is a strategic project for BP and will play a key role in helping to secure Egypt’s energy supply for many years to come. This deal is another example of our commitment to help unlock Egypt’s oil and gas potential through continued investme

Landmark and CGG have announced a geosciences technology collaboration

The collaboration will allow shared customers to seamlessly access best-in-class interpretation and reservoir characterization technologies and geoscience data from both companies, using the industry’s first E&P enterprise class platform; Landmark’s DecisionSpace. A series of unique workflows enabled by the platform will be delivered through connectivity of geoscience applications and data.

As the E&P industry remains challenged to do more with less in the current economic climate, increased efficiencies are derived by better work processes and data. The technology collaboration will significantly enhance existing unconventional and 4D workflows by providing full interoperability of combined capabilities, across the complete lifecycle of the reservoir. This will provide immediate potential to save costs and improve outcomes for our joint customers.

Additionally, Landmark and CGG will engage with customers to develop a new class of E&P workflows to meet existing and emerging industry challenges. These next generation software suites will support improved prospect generation, well location and path definition, completion design, development planning and reservoir management.

"Landmark has been working with both customers and partners to drive the pace of innovation with our goal of helping customers maximize recovery rates in less time,” said Nagaraj Srinivasan, vice president of Landmark. “We believe that the deep insights CGG brings on the future vision of seismic data, combined with our modern and scalable platform and application suite, will enable our customers to achieve a much richer understanding of reservoir performance to help drive higher oil recovery and cash flows.”

 

Schlumberger and Ikon Science sign joint software development agreement

Schlumberger and Ikon Science announced today an agreement to further develop the existing quantitative seismic interpretation capability in the Petrel E&P software platform. The collaboration will make high-value seismic workflows fully available to customers and allow easy access to advanced reservoir characterization tools.

Bringing key capabilities of the RokDoc software platform, developed by Ikon Science, into the Petrel platform will enable geoscientists to derive enhanced geologic understanding from seismic data. The new workflows will democratize what was once considered only an undertaking for specialists, enabling all geoscientists and petroleum engineers to use the workflows for prospect or field development.

 Schlumberger and Ikon Science have worked closely in the past few years to develop innovative workflows for seismic reservoir characterization. Ikon Science is an approved Ocean* software development framework partner and has developed nine plug-ins for the Petrel platform covering key steps of the exploration workflow from well-tie, through rock physics modeling to pore pressure prediction. 

 

How to be good oil finder part 1

Great oil, gas, and mineral finders have common characteristics that allow them to succeed.

By surveying a select group of successful explorationists, they love the thrill of discovery and the deep satisfaction of being able to use science and art to find a valuable resource for the benefit of all mankind. Specifically, we identified the following common characteristicsc (Norman H. Foster and Edward A. Beaumont,:

1. Think positively (negative-thinking people do not find oil and gas)

2. Are self-motivated and self-starting

3. Are persistent

4. Have vivid imaginations controlled by facts

5. Develop creativity through visual thinking

Who Finds Oil?

Only a small percentage of people exploring for oil, gas, and other natural resources actually find those resources in commercial quantities. We fervently believe, however, that one learns to be an oil and gas finder. Two of the best ways to learn to become oil finders are (1) to familiarize ourselves with the successful approaches and techniques of other oil and gas finders and (2) to develop our visual thinking skills.

Academic training (master degree or higher in geology)

Impact of technology (follow latest technology, microseismic,log image,inversion,4d)

TEAM (use all available techniques)

Creativity (Given that most geologists and geophysicists are scientifically and technically competent, what it that separates the oil and gas finders from the crowd is? Creativity is the most important ingredient in exploration)

Visual training (Geology is a visual science. To make insightful observations and dream more imaginative concepts, the visual skills of the geologist must be developed fully)

What is different between petrophysic and rock physics?

  

after Jan Dewar and  Scott Pickfor,2001