Annual Report 2011 - PGS
Annual Report 2011 - PGS
Annual Report 2011 - PGS
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MultiClient<br />
Oil companies have<br />
embraced MegaSurvey<br />
products in their quest<br />
to place their acreage in a<br />
larger regional context<br />
for near-field exploration<br />
and for evaluation of<br />
open blocks<br />
survey, where GeoStreamer will be used for<br />
the first time in the Gulf of Mexico, is planned<br />
to commence in the second half of 2012.<br />
MegaSurveys and MegaProjects<br />
MegaSurveys and MegaProjects are well<br />
recognized <strong>PGS</strong> MultiClient products that are<br />
key <strong>PGS</strong> business enablers. MegaProjects<br />
integrate 2D with 3D coverage, while<br />
MegaSurveys are merged 3D data sets. These<br />
products are constructed by seamlessly<br />
combining many MultiClient surveys — both<br />
<strong>PGS</strong> data sets and those of third parties<br />
— into large, contiguous regional surveys.<br />
These products enable oil companies to<br />
map, with unparalleled insight, the geology<br />
and hydrocarbon potential of entire basins.<br />
Oil companies have embraced MegaSurvey<br />
products in their quest to place their acreage<br />
in a larger regional context for near-field<br />
exploration and for evaluation of open blocks or<br />
farm-in and farm-out opportunities. In addition,<br />
<strong>PGS</strong> uses MegaSurveys as a pathfinder for<br />
developing new MultiClient projects. These<br />
large, integrated survey products also bring<br />
value to governments by updating and<br />
including their national databases for these<br />
projects. <strong>PGS</strong> has extensive MegaSurvey<br />
coverage in the North Sea, West Africa, Brazil,<br />
the Gulf of Mexico and Northwest Australia.<br />
Reservoir Services<br />
<strong>PGS</strong> Reservoir Services provides skills that are<br />
integral to <strong>PGS</strong>’ MultiClient projects and vital<br />
to <strong>PGS</strong>’ Data Processing businesses. Reservoir<br />
Services employees are experts in sub-surface<br />
interpretation and reservoir characterization.<br />
They provide consultancy to national, major<br />
and independent oil companies, governments<br />
and financial institutions.<br />
To meet the oil industry’s growing demand<br />
for enhanced oil recovery and improved<br />
reservoir understanding, <strong>PGS</strong> is investing in<br />
state-of-the-art reservoir characterization skills<br />
and technologies. The Company’s goal is to<br />
provide clients with additional solutions that<br />
integrate seismic data, advanced processing,<br />
characterization and interpretation. Reservoir<br />
Services provides the skill sets essential to<br />
a significant improvement in hydrocarbon<br />
exploration and recovery. <strong>PGS</strong> reservoir<br />
focused services help clients to better image<br />
reservoirs, quantify reservoir and fluid<br />
properties and, ultimately, improve drilling<br />
success.<br />
Reservoir teams produce interpretation<br />
products and services, including exploration<br />
play studies and inversion volumes that<br />
complement <strong>PGS</strong> MultiClient services, such as<br />
MegaSurveys, and enhance the value of <strong>PGS</strong><br />
data. Through these projects, <strong>PGS</strong> has gained<br />
extensive knowledge about petroleum basins<br />
around the globe and an ability to accurately<br />
assess the variety of sub-surface risks a client<br />
faces.<br />
24 <strong>PGS</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
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