British regulator urges recovery of North Sea gas deposits | Okla. uses monitoring tool to determine induced earthquakes | Sensors aim to provide early tsunami warning
June 23, 2017
SEG SmartBrief
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British regulator urges recovery of North Sea gas deposits
Britain's Oil and Gas Authority wants drillers to follow an eight-step program for tapping tight gas deposits in the southern North Sea. The regulator says about 3.8 trillion cubic feet of gas remain in the southern region, and companies can extract the resources by using new technologies and sharing equipment.
Reuters (6/22) 
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Geophysical Technology News
Okla. uses monitoring tool to determine induced earthquakes
The Oklahoma Corporation Commission's induced seismicity team is gathering data with its Well and Seismic Monitor tool, which identifies earthquake locations and compares them with wastewater injection sites. Well operators provide wastewater data daily to help the commission determine the relationship between injections and earthquakes in the state.
KWTV-TV (Oklahoma City) (6/22) 
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Sensors aim to provide early tsunami warning
Redmond, Wash.-based Paroscientific wants to use its quartz sensors to help detect tsunamis. The devices sense the weight of water above them to monitor the sea floor's depth, providing an early warning of a tsunami after an earthquake moves the ocean bottom.
Nature (free content) (6/21) 
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Big data helps oil majors save billions
Major oil companies, including ConocoPhillips and Occidental Petroleum, are increasingly harnessing the power of big data and data analytics to improve efficiency, cut costs and boost safety. For instance, ConocoPhillips has managed to reduce the time it needs to drill new Eagle Ford Shale wells by half using data collected from hundreds of sensors attached to production equipment, and the company believes these sensors could help it save billions of dollars.
Reuters (6/23) 
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Industry Update
Earthquake causes injuries in Guatemala
An offshore earthquake centered about 38 kilometers southwest of Puerto San Jose, Guatemala, injured four people and caused minor damage Thursday, the country's disaster agency said. The magnitude 6.8 quake, which the US Geological Survey said was about 10 kilometers below the surface in the Pacific Ocean, shook Guatemala and El Salvador.
Fox News/The Associated Press (6/22) 
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Cook Inlet lease sale attracts $3M
The first lease sale in Alaska's Cook Inlet in nearly a decade has garnered about $3 million in high bids from a single energy company, Hilcorp Alaska, the Bureau of Ocean Energy Management said. "Expanded oil and gas production is critical to America's economic and energy security, as we move to strengthen the Nation's energy independence in accordance with the administration's goals," bureau Acting Director Walter Cruickshank said.
United Press International (6/22) 
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India to start new oil, gas exploration policy
India will introduce a database of sedimentary basins and begin an open acreage licensing policy Wednesday that lets investors bid on oil and natural gas exploration blocks of their choice year-round. The policy, which is built on revenue sharing and aims to make it easier for explorers to do business, lets drillers extract conventional and unconventional hydrocarbons from a block with one license.
The Times of India (6/23) 
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US shale production expected to keep surging despite low prices
(Spencer Platt/Getty Images)
Past figures show that US shale drillers continued to produce at high levels during the downturn, even with oil prices in the low $30 range, which suggests they're unlikely to scale back considerably this time, according to Mauldin Economics. In a low price environment, drillers usually suspend exploration activity to get the most out of completed wells.
Mauldin Economics (6/21) 
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Institutes and Academia
Ocean airgun noise kills zooplankton, scientists say
Noise from airguns used for finding oil reserves under the ocean kills microscopic zooplankton in the water, scientists say. Researchers monitored zooplankton before and after an airgun blast and discovered the burst killed two-thirds of them within a 2-kilometer-wide area, possibly because the sound waves damaged zooplankton "hairs" that sense the environment.
New Scientist (free content) (6/22) 
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Scientists study elasticity of Earth's crust
Scientists who measure the seismic and elastic properties of the Earth's crust say the research offers information about mineral composition and the crust's deformation process. Researchers use seismic waves, ultrasonic waves and an optical technique to measure the elasticity in crust, rocks and minerals.
Eos (6/22) 
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SEG News
Call for abstracts deadline extended to July 10 for the SEG OBN/OBC workshop
Ocean-bottom node and ocean-bottom cable seismic technology has gained broader acceptance in recent years. It costs more than towed streamer seismic technology, but the industry has demonstrated that the value of information obtained by modern OBN/OBC data often dwarfs the cost difference. The 2017 SEG OBN/OBC Technologies and Applications Workshop, Sept. 4 to 6 in Beijing, will feature the latest technical developments, share practical work experience and promote OBN/OBC technology. Learn more.
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Register for URTeC 2017 Short Courses on July 22 and 23
Short courses at the Unconventional Resources Technology Conference include value of quantitative seismic interpretation for reservoir characterization; modern production data analysis of unconventional reservoirs; unconventional reservoir development; mitigating bias, blindness and illusion in E&P decision making; understanding seismic anisotropy in exploration and exploitation; understanding and adapting rock physics principles for mudrock (shale) reservoirs; introduction to unconventional reservoir characterization; and re-fracturing -- candidate selection and design. SEG is a sponsoring organization of URTeC. Register today.
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