The future of seismic exploration geophysicists

Oil and natural gas exploration -- geology and geophysics
Quark Scan Inc.
Anatolie
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Re: The future of seismic exploration geophysicists

Post by Anatolie »

what is future of seismic interpretation, it is a very difficult question.

quantitative interpretation will be very important in the near future

machine learning and combination seismic attributes will be an awesome tool to predict facies and reservoir parameters

new algorithms for seismic horizons and fault will be fast and enable the interpreter to create geological model very fast

seismic interpretation will focus on quantitative and how to connect information with reservoir engineering
Quark Scan Inc. - underground utility locating and geophysical survey services in NJ NY and PA
Ingrid
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Re: The future of seismic exploration geophysicists

Post by Ingrid »

Seismic Exploration Geophysics is the branch of geophysics using primarily reflection seismology to explore for petroleum - oil and gas.

The industry has suffered severe cutbacks in the past three years of low priced oil and oil oversupply. Oil companies have cut back on exploration budgets considerably.

In the short term there appears to be little relief from low prices. Basically that is a result of years of overly aggressive predatory pricing by OPEC and the eventual technical breakthroughs that often follow a period artificially high prices and high demand - conservation, switch to alternate sources, and alternate supply (Namely fracking).

Seismic equipment and processing and interpretation have also played a large part in making large offshore finds productive in the 90’s and 00’s to fight OPEC. But those finds were to compete with near $100 oil.

So until oil reaches those heights again, intensive seismic exploration is not on the oil companies to do list - no oil co exec wants to spend that kind of money in this price environment. Which is a shame because those kinds of fields take 10 years to bring online in response to a price shock. Which will lead to more big oscillations in pricing.

But there will be a need for exploration geophysics, because the use for oil will not go away - ships, airplanes it is nearly irreplaceable. For cars, half the use of oil now, there is still growing demand in countries like india and china despite legislation calling for electric cars. And in the West, it will take 10–20 years for cars to make way once EVs get a foot hold - which they haven’t yet because EVs only account for 1% of new car sales… the peak number of ICE cars is still not reached.
rahulp411
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Re: The future of seismic exploration geophysicists

Post by rahulp411 »

Our NMR technology transmits special signals are inherent only the desired substance (e.g. oil, gas) and on the resonance frequency (Larmor frequency) is re-radiated signal that we fix on the surface.There are other non-technical problems such as the government support and public trust. Electric cars are mostly likely prevail first in countries which are not greatly influenced by election campaigns where oil and gas companies can lay their hands on. As a gasoline-thirsty country, China has strong support from the government for electric cars. I suspect China will be one of the first countries where electric cars prevail.No matter how the electric car business goes, it's going to be a lengthy period, 20 or 30 years, I would say, before we feel the real pain from the loss of oil and gas markets. tutuapp routing numbers
bezjosh99
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Re: The future of seismic exploration geophysicists

Post by bezjosh99 »

can i join this?
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