You have now read or scanned through several articles that embrace the concept of adding value by illustrating how one can improve the return on capital for their own oil and gas properties.
Where is the VIG going for 2015 and beyond?
We will be looking for a wide range of papers and topics to publish in the 2016 VIG Edition of the RECORDER in order to expand the knowledge base of the “Value in Geophysics”. We will continue to search for new articles, case histories and stories that clearly show the value in using geophysics to improve the profitability of the company’s assets. We will be looking for exploration examples that sometimes don’t share the obvious short term economic benefits, non-seismic methods, such as those that help identify geo-hazards or help prospect for gravel, sand and fresh water. We look forward to receiving case histories from our hard rock engineers and geo-scientists using 3D and microseismic to manage their projects, extend their mines and keep their employees safe.
There is a spectrum of geophysical applications that have added value, so we will also be looking for more examples from offshore, non-Canadian, processing value etc. and closer to home, SAG D, Cap Rock integrity, 4D Seismic and reserve additions. We would like to show some case histories of completion tactics and strategies that changed once the seismic, microseismic and other downhole applications (i.e. DTS, DAS) were installed and recorded. Lastly, case studies will be needed that push reservoir characterization imaging and provide clear value add by integrating the geophysics, geology and reservoir engineering.
We will encourage dialogue between the SPE and the CSEG through special convention sessions, new grad activities and cross-society luncheon talks.
The VIG committee will also focus on enhancing the VIG course to make it two days with exercises, as requested by last year’s attendees.
So, please send us your examples, we look forward to gathering new stories and case histories that clearly illustrate the value in using geophysics to reduce risk and provide capital value to the shareholders of the companies that employ us!
To 2015 and beyond!
About the Author(s)
John L.J. Duhault, P.Geoph. is a “hunter finder mentor” who graduated with a Bachelor of Science in Geological Engineering in 1979 from the University of Manitoba and has over 35 years of industry experience including over 47,000 hours of interpretation experience in Canada and overseas. He has worked for and consulted to integrated senior and intermediate producers (Chevron, CS, Lightstream, Pengrowth, and Canadian Hunter) and he has also found oil and gas for numerous junior independents. He founded and led two private juniors (Dragonheart Energy and Dragonheart Resources) and is currently the Principle Consultant for Starbird Enterprises. Mr. Duhault has presented papers for the CSEG, SEG, CSUR and ASEC on geophysical interpretation, reservoir characterization, microseismic, hydraulic fracturing and induced seismicity. He won Best CSEG RECORDER paper in 2012 and co-presented the Value in Geophysics course with Lee Hunt in 2014. He is currently Chair of the CSEG’s Value of Integrated Geophysics Committee. Mr. Duhault is a member of CSEG, SEG, CSPG, APEGA, and SPE.