Advances In Geophysics & Sub-surface Description
Tuesday, March 16, 2010
London
The Geological Society
'Advances in geophysics' are a mainstay of our Forums; this time (the 3rd in our Geophysics/Seismic series) we had a focus on how such advances aid reservoir description.
Three or four interesting messages came out of the half day:
Firstly, as Matt Luheshi pointed out in his presentation “4D – the story so far”, the main purpose of 4D surveys seems to have become to help locate in-fill wells, that is, reducing the risk of drilling these ‘exploratory’ wells (and following the time-honoured notion that the best place to discover oil is inside an oil field!).
Secondly, permanently installed seismic monitoring seems like a great idea but, so far, only the Valhall, Clair and Ekofisk fields have permanent monitoring installed. Why? Martin Bett of Stingray Geophysical pointed out that the truth is that with current technologies installation of permanent ‘kit’ is very expensive, and practical folk like production engineers have concerns about both the reliability of the installed equipment and the disruption that might be caused by its installation. Perhaps fibre optics – as offered by Stingray – shines a light on a new approach?
Thirdly, Sandeep Gulati of Vialogy gave a tantalising glimpse of what may be a brand new approach to seismic data processing.
Fourthly, Kevin Hermansen of Kongsberg Oil & Gas Technologies gave a great answer to the question "what size field needs the sort of visualisation you are taking about?" which was "any field that has more than one person working on it!". (I paraphrase in both cases)
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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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RPS Energy provides a range of technical, commercial and project management support services to the
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ViaLogy was founded in 1999 as a spin-off of the National Aeronautics and Space Administration (NASA
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Martin Bett has over 30 years’ oil industry experience working in operational and management positions for Schlumberger, Landmark, I-NET, Trade-Ranger and QinetiQ. Prior to founding Stingray Geophysical, he has established and grown businesses in Europe, USA, South America and Africa, and has a track record for closing large transactions for new and pioneering products and services. Martin has a BSc in Geophysics from Southampton University, UK, and an MBA with Distinction from the International Institute for Management Development (IMD), Lausanne, Switzerland.
Stingray Geophysical Ltd
Stingray Geophysical, a TGS Company, provides advanced Permanent Reservoir Monitoring (PRM) solution
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Ikon Science is a global geoprediction technology company providing industry leadership in the predi
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KONGSBERG is an international, knowledge-based group that supplies high-technology systems and solut
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