On 15th August, ASEG and PESA WA Branches jointly hosted the 2018 SEG/AAPG Distinguished Lecturer Satish Singh on the topic of “Seismic Full Waveform Inversion for Fundamental Scientific and Industrial Problems”. This programme is supported through the SEG Foundation by PGS and Equinor (formely Statoil). Satish had visited Singapore, Indonesia, New Zealand and the eastern states of Australia before arriving in Perth. The evening lecture was held at CGG 's ground floor function room and it kicked off with over 60 members, from various professional and academic backgrounds attending, socialising over food and beverages.
Archives for October 2018
October 2018
PESA QLD 2018 Symposium Exploration: Back in the game
September 6th saw the return of the PESA Queensland annual Symposium. The theme this year was Exploration: Back in the Game, a fitting theme as increasing oil price sees an increase in activity within the state.
The festivities kicked off on Wednesday evening at the Southbank Beer Garden with an Icebreaker where the presenters, organisers, attendees and sponsors mingled. This casual affair was enjoyed by all and has been a regular feature of the Annual PESA QLD Symposium.
As delegates arrived Thursday morning, they were greeted by the aroma from the Comet Ridge Limited sponsored coffee cart and a selection of Exhibition Booths presented by ALS, ERC, GeoConsult, GSQ, Synterra and Velseis.
PESA WA Branch September Lunch – Salt Tectonics within the Petrel Sub-basin
PESA WA Branch hosted Chris Elders, Curtin University at their September luncheon where Chris discussed some of the findings of recent research into the salt tectonics within the Petrel Sub-basin and the salt structures that these processes have formed over time. Chris mentioned a seismic stratigraphic study that showed the relationship between salt structures and the complex multi-phase evolution of the Petrel Sub-basin. Changes in thickness of the surrounding sediments indicate that the salt was deposited as part of the syn-rift sequence, and a significant phase of mini-basin formation across large areas ensued until the end of rifting.
Po Valley retains north Italian oil assets after key shareholder in private UK buyer blocks sale
Australia’s Po Valley Energy is to retain full ownership of two onshore oil fields in northern Italy after their sale to a private London-based resources company, Delta Energy Limited, was blocked by one of Delta’s large shareholders. After a year of substantial expenditure, due diligence and rising oil prices, Delta’s management is understood to have fully endorsed the acquisition of the large Cadelbosco di Sopra (Po Valley 85%) oil exploration licence and adjoining smaller Grattasasso (100%) oil exploration licence in northern Italy.
The value Geoscience brings to Australia
IN an opening address in Adelaide at the first session of the four day Australian Geoscience Council Convention, Geoscience Australia Chief Executive, Dr James Johnson, said geoscience was providing immense value to society, from the economic benefits of resource development through to GPS positioning, underpinned by the science of geodesy. “It is important that we, as geoscientists, act as ambassadors for our science, to raise awareness of the general public on how geoscience benefits society. Even Earth observations from space are becoming increasingly important in monitoring environmental change and in natural resource management,” Dr Johnson said.
Significant UK shale gas development “still a long way off”
Following the announcement that Cuadrilla Resources will start fracking operations at its shale gas exploration wells in Lancashire, leading industry commentators still view hydraulic stimulation at an embryonic phase in Britain. Will Scargill, Senior Oil & Gas Analyst at data and analytics company GlobalData, said of the development: ‘‘Although beginning fracking is an important step for Cuadrilla, we’re still a long way from shale gas playing a significant role in the UK energy sector.
Global rocks stars all set for AGCC 2018
Dr Cornel de Ronde will be one of the five Plenary speakers at AGCC 2018 to be held in Adelaide, 14-18 October. He will be speaking on Wednesday 17th October during the Plenary Session at 8.30am in Hall C of the Adelaide Convention Centre. His talk will focus on the prospectivity of modern seafloor hydrothermal systems associated with submarine arcs for Cu-Au mineralisation. This presentation should not be missed. Dr de Ronde delivered the AusIMM Distinguished Lecturer series in Queensland and NT in 2015, but did not speak in NSW, Victoria, Tasmania, SA or WA.
Woodside confirms successful Shwee Yee Htun-2 appraisal well offshore Myanmar
Woodside has announced that the Shwe Yee Htun-2 appraisal well in Block A-6, located offshore Myanmar, has successfully appraised the 2016 Shwe Yee Htun-1 discovery. The Shwe Yee Htun-2 appraisal well was drilled down-dip from the Shwe Yee Htun-1 well and intersected a gross gas column of 168 m (measured depth rotary table (MDRT)) (143 m true vertical thickness). A total of 41 m of net pay (true vertical thickness) has been interpreted within a high quality-reservoir.
USA soars to top of the oil producing pops
The United States surpassed Russia in crude oil production for the first time in two decades, both in June and August 2018, new figures show. The United States already exceeded Saudi Arabia in oil production back in February 2018, a first in more than 20 years, according to estimates from the U.S. Energy Information Administration. The agency expects that U.S. crude oil production will continue to outdo Russian and Saudi Arabian production for the remaining months of 2018 and through 2019. According to the US Department of State, increased U.S.