Repsol, Emerson Pact for Geoscience R&D
Emerson and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to reduce the time to prospect and produce first oil.Emerson, a global engineering and technology company, will work collaboratively with Spanish energy company Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol as part of Kaleidoscope, its 10-year innovation project."These advances will be used by a broad range of the geoscience community within Repsol and in all oil and gas companies that choose to license the technologies. The solution combines the latest in high-end visualization…
ULSTEIN Delivers Seismic RV
ULSTEIN delivered the seismic research vessel Oceanic Sirius to Eidesvik and CGGVeritas on 3 October. Oceanic Sirius is designed and built in accordance with strict environmental standards and equipped with state-of-the-art technology for advanced seismic research operations. She is owned by a joint venture between Eidesvik and CGGVeritas. The vessel was named in a ceremony in Ulsteinvik on 1 October. Oceanic Sirius is sister vessel to the Oceanic Vega, delivered by ULSTEIN in July 2010.
Deepwater Drilling Provides Good Long Term Prospects
According to the U.S. Department of the Interior's Minerals Management Service (MMS), deepwater drilling (1,000 ft. and deeper) shows the greatest potential of development, and certainly has garnered the attention (as well as the E&P dollars) of offshore oil production industry leaders. By yearend 2003, the MMS estimates as much as 63 percent of the oil production and 29 percent of the daily gas production will come from deepwater reserves. In August of 1998 there were 30 (temporary and permanent) deepwater rigs drilling simultaneously in the Gulf of Mexico's Outer Continental Shelf (OCS), at depths greater than this. The proliferation of deepwater development projects will likely continue to grow…
