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Exploration in the post-Macondo world!

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Thursday, October 7, 2010

Video Presentation

The light bulb as a symbol of innovation and other things – how to enlighten your reservoir

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Martin Bett
Stingray Geophysical Ltd

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Talk Description
The light bulb has long been used as a symbol of innovation, denoting the origination of a smart idea, the sudden flash of understanding or insight into how to achieve something - often in a new, different and pioneering way.

Yet this very symbol of innovation, the incandescent light bulb, has been banned from sale within the EU since September 2009 to force the uptake of more energy-efficient light bulbs.

There are a number of parallels between this and the emergence of fibre-optic based seismic permanent reservoir monitoring (Seismic PRM) solutions. By “listening with light”, optical sensing systems allow operators to maximise production and total recovery whilst reducing risk and cost over the life of a field. Yet, although the business case is compelling, in both situations, adoption has been resisted.

This presentation will explore some of the parallels between the slow adoption of energy-efficient light bulbs and Seismic PRM and postulate on the logical reasons behind illogical behaviour. It will also suggest some approaches for improving our industry’s ability to adopt new technologies in a more timely manner and access the benefits earlier, having a positive and proactive impact on our stewardship of precious hydrocarbon resources.

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