Archives for August 2016

TopSeis, solution for imaging shallow reservoirs, launched

30/08/2016 Posted by Dale

CGG has announced the launch of TopSeis™, touted by the company as the “latest evolution in offshore broadband seismic, specifically designed to overcome the intrinsic lack of near offsets inherent in 3D towed-streamer seismic”. CGG said that, exacerbated by the use of progressively wider spreads to meet the industry’s quest for greater efficiency, the lack of near offsets leads to an inability to image shallow geological features, such as faults, gas pockets, channels and stratigraphic pinch-outs, effectively. By overcoming this shortcoming, TopSeis enables exploration and development teams to make critical investment decisions on the basis of superior high-density…

Geo students scoop epic Paris prize

24/08/2016 Posted by Dale

THE city of Light became a dream come true for two geoscience students who had never met before this year’s ASEG-PESA-AIG Conference, but teamed up to win a trip to Paris to attend next year’s 79^th Geophysical Conference . On her first visit to Adelaide, 22-year-old Perth honours student in petroleum geology, Victoria Seesaha, and 22-year-old Dennis Conway, who is doing a geophysics PHD at the University of Adelaide, pulled off a stunning one point win in the student quiz night at the Richmond Hotel on Tuesday to claim the coveted prize courtesy of the European Association…

Past reflects promise of exciting exploration future

24/08/2016 Posted by Dale

PESA President Steve Mackie drew on the archives of exploration history in Australia to strike a note of optimism in sobering times at the opening of the ASEG-PESA-AIG Conference in Adelaide. Addressing delegates at the opening of the 25th conference at the Adelaide Convention Centre, Dr Mackie said the event theme, Interpreting the Past, Understanding the Future, was appropriate when it came to reflecting previous legacies of discoveries in Australia. “Going back 60-years the Australian government was becoming quite concerned about the lack of exploration in the country and commissioned an international consultancy to come and conduct…

MEO sets spud target date for Cuba

16/08/2016 Posted by Dale

MEO Australia is targeting early 2017 as a spud date for Cuba’s Block 9, taking its cue from Canada’s Sherritt International’s identifications in adjacent Bock 10, as it ponders a high impact exploration well in New Zealand and seeks to complete farm out processes in Australia. The Melbourne-based explorer said following assessment of the Lower Sheet play, continuing assessment of the remaining two plays, the Upper Sheet and Shallow Tertiary plays, was progressing as planned. Preliminary assessment was expected to be completed in the fourth quarter. MEO is the only ASX listed company with exposure to Cuba’s energy…

Light at the end of jobless tunnel for Geos?

08/08/2016 Posted by Dale

The jobs outlook for Australia’s geoscientists has shown the first small signs of improvement in two years with the number of professional geoscientists in Australia seeking work or unable to secure satisfactory self-employment, falling in the June quarter compared with the preceding period. This is the first sign of any improvement in the sector – hard hit by the retreating mining resources boom – since September 2014 but the outlook remains dire with higher numbers looking to leave the profession for opportunities elsewhere. The profession’s latest survey shows that at 30 June 2016, the unemployment rate amongst Australian…