Seismically Speaking
WAZ 3D technology is fantastic and it has changed the future of geophysics, BUT, right now it is a Gulf of Mexico-centric tool. That does make sense. The GoM has all of the sub-salt imaging issues that WAZ 3D helps to resolve. For the most part, WAZ 3D is being acquired on a multi-client basis and the GoM is the world’s best market for multi-client 3D because of the large number of companies that operate here and the ease of leasing. Although a deal at twice the price (I’m in sales) it still has a sticker shock factor when compared to conventional 3D. So how do we move this technology around the world and into markets where even conventional 3D acquisition is difficult on a multi-client basis?
Over the next two years, the worldwide 3D vessel fleet will increase by 23. This is a 40% increase. We can double or triple the WAZ 3D fleet around the world by only using a fraction of these new vessels and guess what? The Gulf of Mexico can’t hold them all. This will be a problem if not managed properly.
WAZ 3D technology is proven and it sells itself to companies with the technical and financial wherewithal to utilize it. But how do we make that everybody? How do we globalize the most exciting geophysical technology in the last decade?
Oil priced at $90 - $100 is a good start. Experience and case studies will help. An entrepreneurial spirit, an aggressive exploration mindset, and a willingness to take risk on the latest technological developments within our industry are a must.
J. Kim Abdallah
VP NSA New Ventures
TGS-NOPEC Geophysical Co.
This page reflects viewpoints on the political, economic, cultural, technological, and environmental issues that shape the future of the petroleum industry. Offshore Magazine invites you to share your thoughts. Email your Beyond the Horizon manuscript to Eldon Ball at eldonb@pennwell.com.
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Volume 68 Issue 3
March 2008
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