Annual Report 2011 - PGS
Annual Report 2011 - PGS
Annual Report 2011 - PGS
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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