Gulf Oil and Gas accountACCOUNT

Woodside Invests in Emerging Technology for Seismic Data Acquisition

Source: www.gulfoilandgas.com 9/13/2019, Location: Not categorized

Woodside has signed a Shareholders Agreement with Perth-based Blue Ocean Monitoring Ltd (BOM) to invest in Blue Ocean Seismic Services Ltd (BOSS). BOSS is developing an innovative solution that has the potential to make ocean bottom seismic data acquisition cheaper and more accessible.

Seismic data is critical for understanding geological formations and the nature of hydrocarbon resources that may be contained within them. Current methods use remotely operated vehicles to place nodes on the ocean floor that capture and record soundwaves.

The concept was jointly developed by Woodside and BOM and focuses on using Autonomous Underwater Vehicles (AUVs) in place of remotely operated vehicles. The AUVs are small submarines that are preprogrammed to self-deploy to the ocean floor and reposition multiple times. This method will improve efficiencies, lower costs and reduce people’s exposure to health and safety risks.

Subject to satisfaction of conditions precedent, Woodside will take a 35% shareholding in BOSS.

Woodside Executive Vice President Sustainability Shaun Gregory noted the agreement with BOM continued Woodside’s support of Western Australian technology companies.

“The use of AUVs is a priority in our technology strategy, and has global applications. We see ocean bottom monitoring playing an important role in helping us to understand more complex geological settings,” he said.

Simon Illingworth, Blue Ocean Monitoring’s Group Managing Director, commented: “It has been a pleasure collaborating with Woodside over the last two years on this project. Woodside is committed to investing in innovative and disruptive technologies in the oil and gas industry, whilst striving to continuously improve safety. We look forward to continuing to develop this promising technology with Woodside’s support.”

The project participants are focusing on small sea trials in 2019, ahead of the first seismic test in early 2020.

Seismic survey News in Australia >>

United Arab Emirates >>  11/13/2019 - The Abu Dhabi National Oil Company (ADNOC) and Total have announced their collaboration to deploy the world’s first automated seismic acquisition syst...
United Arab Emirates >>  11/13/2019 - The Abu Dhabi National Oil Company (ADNOC), in collaboration with France’s Total, is to deploy drones and unmanned vehicles to collect 3D seismic data...

United Arab Emirates >>  11/12/2019 - Polarcus has announced that a Memorandum of Understanding has been signed with Arabian Geophysical and Surveying Company ('ARGAS') to collaborate on s...
Norway >>  11/7/2019 - Shearwater GeoServices Holding AS (Shearwater) has been awarded a 3D seismic survey in the Eastern Mediterranean. The one-month survey will be execute...

South Africa >>  11/4/2019 - Shearwater GeoServices Holding AS has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total...
Argentina >>  10/30/2019 - TGS announced a new 3D multi-client project offshore Argentina. The Malvinas 3D survey will cover approximately 7,300 square kilometers of highly pros...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Australia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.