Investment in North Sea seismic leading to new opportunities

Abstract

Investment in seismic data leads to continued opportunities for redevelopment of existing oil and gas fields and for near-field exploration. This investment could range from acquisition and processing of new seismic where value is seen in applying modern acquisition techniques, purchasing existing processing of multiclient speculative data, or targeted reprocessing of spec or proprietary data. From our experience, seismic projects deliver the most value when they are undertaken with focus on the business objectives, when they are planned from end to end (preshot to seismic on the interpretation workstation and on to the drill bit), and when they are executed in an open and trusting contractual relationship. We demonstrate this for our North Sea region with evolutionary improvements in both seismic data quality and efficiency.