X hits on this document

PDF document

Petroleum Geo-Services ASA - page 10 / 26





10 / 26



Data Processing Reservoir Services Geoscience & Engeneering Commercialization & New Ventures

A top tier Position

2008 represents the year PGS caught up and in some areas surpassed our peers in data process- ing capabilities. PGS has a top tier position in high-end data processing imaging and in a recent PGS customer survey almost 90% of clients say the company is industry standard or above in data processing quality.

data Processing Data Processing is focused on provid- ing geophysical solutions to better image and characterize the custom- ers' reservoirs. During 2008, PGS experienced strong growth in its data processing capabilities in general, with particular improvements in depth imaging capabilities.The Company's leading edge data processing now delivers competitive advantage in the marketplace, supplementing the overall position of PGS as a leading provider of seismic to find and char- acterize complex reservoirs. Since 2006, Data Processing has grown by 105% with new offices being opened in Japan, Oman and Mumbai during 2007. PGS has introduced several new products, including the GeoStreamer®, Beam Migration and ReverseTime Migration, further complementing the Company's full suite of state-of-the-art imaging technology.

GeoStreamer® has continued to build strong momentum in the industry dur- ing 2008. In excess of 30,000 line kil- ometer of 2D data have been acquired and processed worldwide and Data Processing has established centers of excellence in Perth, London and Hou- ston to support the implementation in each region.The GeoStreamer® has delivered unsurpassed data quality and operational efficiency, and further improvements in resolution and pen- etration are being experienced with the Company's first commercial 3D project in the Gulf of Mexico.

With the purchase of Applied Geo- physical Services (AGS) in fourth quarter 2007, it was critical to quickly establish improved workflows includ- ing AGS Beam Migration in order to capitalize on the investment. In first quarter 2008, PGS successfully completed its largest depth imaging


project, utilizing Beam Migration for model building, for an external cus- tomer in the Gulf of Mexico. Through training of 20 Beam Migration experts, and establishing best practices, Beam Migration has been accepted by customers around the world and has contributed to 24% of Data Processing’s total revenue. AGS Beam Migration has been applied on several MultiClient 3D surveys including the Gulf of Mexico, Brazil, Africa and the North Sea.This has resulted in higher quality data, cost savings and the ability to have data available in the market faster.

As the customers address more complex reservoirs with algorithms like ReverseTime Migration, which are more compute intensive than Beam Migration, it is critical that PGS contin- ues to deliver timely and cost effective solutions. PGS addresses this by opti- mizing algorithms and the delivery of effective compute resources. In 2007, PGS established a MegaCenter in Kuala Lumpur, Malaysia and in 2008 the Company upgraded its London MegaCenter which increased capacity by an additional 250%.The London MegaCenter is designed to deliver the compute requirements in the coming years by utilizing only 60% of the power requirements and costs of conventional data centers.This state- of-the-art MegaCenter combined with Kuala Lumpur and Houston centers will provide PGS Data Processing with the ability to grow in the coming years.These centers combined with the 20 land-based data processing centers, will allow PGS to better serve customers by providing local


AGS Beam Migration of a line from the deep water Gulf of Mexico through proven hydrocarbon fields and a recent discovery.

presence and access to a worldwide resource.

Reservoir Services PGS Reservoir is a leading team of sub-surface technical interpretation experts, providing skills that are inte- gral to PGS MultiClient, MegaSurvey, Electromagnetic and Data Processing businesses by producing a full range of interpretation and reservoir charac- terization products.These advanced interpretation and reservoir charac- terization services are also performed for PGS’ clients.The team is interna- tionally recognized for ultra large- scale regional interpretation projects, the ability to evaluate and develop exploration and production assets and for providing services to governments in managing exploration licensing rounds. PGS' clients include national, major and independent oil companies, governments and financial institu- tions.Through these projects, PGS has gained a depth of knowledge of petroleum basins around the globe and an ability to assess the variety of sub-surface risks the Company faces.

life of Field Seismic Seismic monitoring of the field production improves recovery and can give the field-owners a very high return on investment. PGS has devel- oped a unique fiber-optical technology for permanent seismic monitoring. In 2008, a PGS OptoSeis® system was successfully installed and trenched on the sea bottom at the Ekofisk field that is operated by ConocoPhillips. Seismic data were also successfully acquired.

Geoscience & engineering PGS' R&D is focused on marine seismic acquisition and data process- ing as well as cable-based electro- magnetic (EM) technology. PGS has large R&D departments in the US, UK and Norway and additional groups have recently been established in The Netherlands, Sweden, Perth and Singapore.

The aim of R&D in PGS is to develop technology and services that sustain a leadership position in operational efficiency and differentiates the Company's service provisions in finding and characterizing customers' complex reservoirs.

modeling and visualization: Successful seismic surveys require careful planning to balance cost and quality objectives. PGS has developed one of the best and most compre- hensive survey planning software packages: Nucleus, which is also widely distributed in the oil and gas industry. It can simulate the result of a seismic survey with different source and receiver configurations through sophisticated seismic modeling. The recent release of Nucleus+, has increased user efficiency significantly. Currently, the scope of Nucleus is be- ing extended towards electromagnetic modeling methods.

3D visualization has become an inte- gral part of the geophysical workflow in PGS.The Company's unique holo- Seis visualization technology is a part of the workflow from quality control of seismic data during acquisition, to building complex velocity models


Document info
Document views70
Page views70
Page last viewedThu Jan 19 07:17:15 UTC 2017