21.05.2014 Views

Annual Report 2011 - PGS

Annual Report 2011 - PGS

Annual Report 2011 - PGS

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Data Processing and Technology<br />

<strong>PGS</strong>’ strong service capabilities in the<br />

identification and characterization of complex<br />

reservoirs.<br />

<strong>PGS</strong> typically spends more than USD 60 million<br />

annually on research and development. In <strong>2011</strong>,<br />

R&D expenditures were slightly higher, due to<br />

greater investments in developing a towed EM<br />

solution that can be commercially launched in<br />

the second half of 2012.<br />

GeoSource<br />

GeoSource was officially introduced at the<br />

EAGE conference in <strong>2011</strong>. GeoSource is a<br />

source de-ghosting application developed for<br />

GeoStreamer data. The combined technologies,<br />

called GeoStreamer GS, provide a full deghosting<br />

solution: GeoStreamer eliminates<br />

the receiver ghost and GeoSource eliminates<br />

the source ghost. GeoStreamer GS further<br />

improves GeoStreamer’s bandwidth and gives<br />

unrivaled image resolution. (See business case<br />

on page 37 for more details.)<br />

Marine Acquisition Technology<br />

Significant R&D efforts continue to improve<br />

all elements of the Company’s acquisition<br />

systems and capabilities, including ongoing<br />

development of <strong>PGS</strong>’ proprietary GeoStreamer<br />

technology.<br />

The GeoStreamer steering system, called eBird,<br />

developed in cooperation with Kongsberg<br />

Seatex, was first installed onboard a <strong>PGS</strong> 2D<br />

vessel in 2009. 3D tests began in 2010 and a<br />

complete commercial 3D spread was installed<br />

onboard Ramform Challenger in <strong>2011</strong>. The<br />

next vessel to be equipped with eBird will be<br />

the Ramform Vanguard in early 2012. One of<br />

the main features of eBird is that its steering<br />

wings are attached directly to the streamer.<br />

This arrangement creates less drag and noise<br />

compared to conventional devices and results<br />

in safer and more efficient operations.<br />

The next GeoStreamer development stage is<br />

nearing completion. Acoustic pingers, which<br />

provide streamer positioning, and retrievers<br />

(for streamer recovery in the event of a rupture)<br />

are being integrated within the streamer’s<br />

casing. Embedding these devices, instead of<br />

externally mounting them, results in less drag<br />

and noise while making streamer deployment<br />

and retrieval more efficient. Furthermore,<br />

because these devices will get their power<br />

directly from the streamer, there will be no<br />

need for changing batteries in sea, making<br />

operations a lot safer. The new in-line pingers<br />

and retrievers are currently under development<br />

and the Company expects delivery toward yearend<br />

2012.<br />

Modeling and Visualization<br />

Successful seismic surveys require careful<br />

planning to achieve the best-possible image<br />

quality and optimal cost effectiveness. <strong>PGS</strong><br />

provides industry-leading survey planning,<br />

a process enhanced by the Company’s<br />

proprietary survey-planning software package,<br />

Nucleus+. The software applies sophisticated<br />

<strong>PGS</strong> typically spends<br />

more than USD 60 million<br />

annually on research and<br />

development<br />

Data Processing Revenues<br />

In millions of US dollars<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

0<br />

2008 2009 2010 <strong>2011</strong><br />

<strong>PGS</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 35

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!