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Advanced Geophysics


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Tuesday, October 14, 2008
London
The Geological Society

What might be described as 4th Generation Seismic? The first Forum, on the theme of 'Advanced Geophysics', which was held at the Geological Society in London, on October 14th 2008, addressed this question by asking what it is that oil & gas companies seem willing to pay a premium for nowadays, as opposed to accepting the temporarily high prices for, say, conventional 3D seismic, driven by an out-of-kilter supply/demand balance?

Summarising, it seems that 4th Generation Seismic = Total Seismic, the ability to:

  • acquire data with equal ease, and at similar unit costs, offshore, onshore and in transition zones;

  • acquire full wave data at any azimuth, any offset, any depth, for any geological target;

  • use massive computing power to process and analyse it;

  • add to the interpretation of stratigraphy, facies and structure from seismic, the new and reliable evaluation of rock physics; and

  • integrate and visualise the results.


Who are the leaders, who can command a premium? Well, if one was to attend a conventional, large geophysical conference run by the SEG or EAGE, there would be any number of presenters and exhibitors claiming that they had a ‘silver bullet’.

However, the first Forum picked out just four, namely CGGVeritas, ION, RXT and Ikon Science, to present the latest insights and developments to an invited audience of oil & gas professionals.

All four of these companies are taking the seismic world “Beyond 3D!” But don’t just take our word for it: their presentations can be viewed here!
Read the full commentary here.

Agenda

 
9:00 Arrivals and Registrations
9:30 David Bamford - Director
Finding Petroleum

Welcome and Introduction



David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He was on the board of Premier Oil from May 2014 to May 2016.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.

From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on t
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9:45 Roger Taylor - Technical Director
CGGVeritas

Wide azimuth - not just the Gulf of Mexico


CGGVeritas is the world's leading international pure-play geophysical company delivering a wide rang
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10:30 Paul Brettwood - Technical Director
ION

FireFly operations update - a glimpse into the future of land seismic acquisition


Ion Science Ltd is an international manufacturer of technologically advanced gas detection, leak det
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11:00 Chris Walker - Vice President Geophysics
RXT

Ocean bottom seismic data - a paradigm shift in appraisal and development?


Reservoir Exploration Technology is a marine geophysical company specialising in multi-component sea
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11:30 Martyn Millwood Hargrave - Chief Executive Officer
Ikon Science

Understand the rocks - modelling and prediction in reservoir geophysics


Martyn founded Ikon Science in 2001. He has over 30 years experience in new ventures and technology application in the oil and gas industry, working in International Geoscience and commercial roles for GSI Inc, Candecca Resources plc, Hardy Oil and Gas, Jebco Inc, Acre Oil plc and BG Plc. Prior to IKON Science, he was Managing Director of IKODA Ltd and built the company from a start up to one of the largest independent upstream consulting groups dealing with some of the highest profile upstream deals over the past decade including the North Caspian PSA negotiations and awards to the OKIOC consortium and related deals including a half billion dollar disposal of these assets.

He has a long term interest in the public role of Geoscience and has provided this expertise on the board of a number of Industry R&D "think tanks" such as the Petroleum Science and Technology institute (PSTI) and Centre for Marine and Petroleum Technology (CMPT). He is currently a member of the CeREES Geo-Energy board of Durham University. He has been a founding shareholder or director of a number of oil companies including the Africa focused AIM listed Fusion Oil and Gas plc, Virgo Energy plc a private oil and gas explorer sold to Encore oil plc in 2006 and Ophir Energy Plc.

Martyn earned an Honours degree in Geology from Durham University UK and a post graduate qualification in Geophysics from Queen Mary College University of London. He is an active member of the Society of Exploration Geophysicists, Institute of Petroleum, and the Petroleum Exploration Society of Great Britain.

Ikon Science
Ikon Science is a global geoprediction technology company providing industry leadership in the predi
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12:00 David Bamford - Director
Finding Petroleum

Thank You's



David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He was on the board of Premier Oil from May 2014 to May 2016.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.

From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on t
More...
12:30 Lunch

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