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First Break January 2011 2012-01-02

The new January 2012 issue of First Break starts off with the current EAGE and Industry News followed by News Feature on Competitive challenge for oil majors: sustaining the rate of technology innovation. The two Technical Articles cover the issue of 3D OBC seismic survey geometry optimization offshore Abu Dhabi and The impact of conjugate margins analysis on play fairway evaluation – an analysis of the hydrocarbon potential of Nova Scotia. Finally, this month’s Special Topic is devoted to Land Seismic and includes four interesting articles.


Entering 2012 with the confidence of a global association 2012-01-02
John Underhill, president, EAGE.Having reached ‘half-time’ in his term of office, EAGE president John Underhill reviews the Association’s recent developments and future initiatives.

EAGE continues to grow and thrive despite the uncertain financial climate that Eurozone nations are facing up to. Furthermore, after events in Japan last March and the resultant knockon effect that the devastation at the Fukushima Daiichi plant has caused for energy sources in general and the political appetite for nuclear energy in particular, it is clear that additional geo-challenges confront us in securing safe and efficient energy supplies.
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Workshop identifies solutions for Middle East tight gas 2012-01-02
Break during the proceedings.The recent EAGE/AAPG Middle East Tight Gas Workshop ‘An Integrated Perspective Summary’ held in Dubai in November explored one of the major E&P issues facing the region. This is the report.
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Bucharest field camp is an example for student chapters everywhere 2012-01-02

Geophysical students involved in the field camp.Do you want to be the next EAGE Student Chapter? That’s the question for all you students out there. And here’s a good example of why you might want to join the 22 student chapters around the world already supported by EAGE.

We are talking about the first geophysical field camp of the Bucharest Student Chapter of EAGE, held in Jurilovca, Tulcea county, Romania. This is a small historic village that hides an old fortress and the city of Argamum (Orgame), which is believed to be over 2700 years old.
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ExxonMobil pushes its energy predictions out to 2040 2012-01-02
Rex Tillerson, chairman and CEO, ExxonMobil.Demand for energy will rise through 2040 as global economic output doubles and prosperity expands across a world where population will grow to nearly 9 billion people, according to ExxonMobil in its ‘The Outlook for Energy: A View to 2040’. Extending its annual long-term energy forecast to 2040 for the first time, the company said this year’s ‘Outlook’ reveals several trends that will influence how the world uses energy over the coming decades.
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Helium survey boosts Shelton’s hydrocarbon prospects in Russia 2012-01-02
A 2010 Shelton operation in Bashkiria.Swedish company Shelton Petroleum has obtained positive results from its exploration operations on the Suyanovskoye block in Bashkiria, Russia where it conducted a helium survey covering approximately 100 km2. The survey marked the beginning of exploration on the Suyanovskoye field where measurements of abnormally high concentrations of helium have been obtained indicating an active petroleum system in underlying formations.
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Figure 3 East Coast Magnetic Anomaly (ECMA) with locations of relevant seismic lines (after Oakey and Dehler, 1998).

Technical Article

The impact of conjugate margins analysis on play fairway evaluation – an analysis of the hydrocarbon potential of Nova Scotia

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Figure 2 Eagle Ford Reservoir Grade 3D Data.

Special Topic

Land seismic data library concept may change the game for unconventional resources

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Figure 1 Peer group profitability (ROCE) versus Brent oil price (annual average 2001–2011; Alboran Research, EIA, and 10-K filings SEC).

News Feature

Competitive challenge for oil majors: sustaining the rate of technology innovation

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January 2012