NEOS to Acquire CGG Multi-Physics Business

NEOS_CGG_homepage2

Earlier today, NEOS and CGG announced that they entered into a Definitive Agreement in which NEOS has agreed to purchase CGG’s Multi-Physics business line & General Geophysics Italy business (read:  press release).  These two businesses are part of the CGG group of companies, a leading provider of geoscience technologies, services and equipment.

DASH-7-RebrandedThe Multi-Physics business operates the world’s largest fleet of geophysical data acquisition aircraft, is the leading provider of airborne gravity gradiometry (AGG) systems and acquisition services, owns one of the industry’s largest non-exclusive libraries of gravity and magnetic data, and has a distinctive capability in acquiring and processing airborne electromagnetic (EM) data.

According to NEOS CEO, Jim Hollis,

“We are combining two of the leading proponents of multi-measurement interpretation, albeit with different strengths.

CGG’s Multi-Physics & General Geophysics Italy business is acknowledged for its advanced geophysical sensor technologies, efficient data acquisition platforms, and excellence in all facets of airborne operational execution, particularly in its HSE philosophy and performance.

NEOS has focused in the areas of multi-physics data processing, integration and interpretation, as well as predictive analytics.

By combining the entities, we will be able to better deliver a full-scope exploration offering that encompasses multi-measurement survey design, data acquisition, processing and analytic interpretation.  Moreover, the combined entity will have a truly global operational footprint in key natural resource centers, with a client base that includes the world’s leading oil, natural gas, and mining firms.”

After the transaction closes in a number of months, the combined company will feature:

  • Aircraft: world’s largest fleet of geophysical acquisition aircraft;
  • Data libraries: one of the largest non-exclusive libraries of gravity and magnetic data;
  • Gravity gradiometry: industry’s largest portfolio of airborne gravity gradiometry (AGG) systems;
  • EM technologies: unique capabilities in electromagnetic data acquisition, imaging and interpretation;
  • Seismic imaging: industry-leading capabilities in seismic data processing in complex geologic regimes, including subsalt, naturally fractured, and stacked-pay reservoirs;
  • Geophysical software: proprietary geophysical software supporting multi-physics data integration and interpretation;
  • Marine acquisition services: the leading provider of marine potential fields acquisition services to the oil & gas industry;
  • Analytic interpretation: proprietary predictive analytics algorithms and methodologies used to highgrade exploration acreage and identify new exploration targets;
  • Global team: 350 professionals positioned in key natural resource exploration centers in the United States, Canada, Australia, South Africa, Italy and Brazil.

To learn more about this transaction, visit the Transaction Summary page on the NEOS web site.

Our Geothermal Solution

Geothermal - Earth Core

NEOS has created a solution to meet those geothermal challenges that each explorationist faces, allowing companies to de-risk their prospects through an enhanced understanding of the geothermal system.

The delivery of an integrated, congruous, and consistent earth model provides geothermal operators with the insights required to make informed field development decisions, including:

  • Attributed of the geothermal system as a whole
  • Geologic and structural controls on the geothermal field
  • Characteristics of the geothermal reservoir and fluids

Click here to read more about the NEOS Geothermal Solution.

Resistivity Imaging in a Fold and Thrust Belt

Resistivity Volume

3D Resistivity Volume

Be sure to grab your April issue of First Break, and turn to this month’s special topic: EM & Potential Methods, where NEOS discusses the results from resistivity imaging using ZTEM and MT data in the geophysical study of a ~2900 km2 region of the northern Raton Basin in southern Colorado.

Because of the land access and permitting issues, as well as the large amount of terrain needing to be traversed during the geophysical survey, we decided to incorporate a dense airborne ZTEM survey along with the sparse MT stations.

To read the full article, Resistivity Imaging in a Fold and Thrust Belt using ZTEM and sparse MT Data, click here or on the image above.

For more on NEOS’ use of EM as a part of its Multi-Physics methodology, click here.

Interactive Seismic Imaging Overview

Now available: the NEOS Seismic Imaging Group’s (SIG) interactive capabilities overview.

This is not your typical PDF – viewers can easily access cool data toggles with before/after results featuring AZIM, PSMD, and our new SOFE method.  Check it out when you have time to click around and discover what makes our SIG team unique.

blogpicThe page ‘flipping’ sound effect is pretty cool too!

NEOS Presenting in London

fp2012NEOS welcomes the opportunity to share some recent advances in geophysical technology at Finding Petroleum’s aptly named, “New Geophysical Technologies” exploration tech event in London, tomorrow, February 24th.

James Dodson will represent NEOS and present on our multi-physics solution demonstrating, with case examples, where NEOS has taken a phased approach to multi-physics interpretation and integration, by relying heavily on, airborne non-seismic measurements, seismic data and predictive analytics to identify resources in the subsurface.

Click here to learn more.  I understand, for you locals in and around London, attendance tomorrow is still possible (register here to attend). We hope to see you there!

Extending the Usable Bandwidth of Seismic Data

SIG-First-Break_JAN16

 

Published in the January 2016 issue of EAGE’s First Break magazine, NEOS’ Seismic Imaging Group (SIG) discusses a frequency-dependent filtering technique that can significantly increase the available bandwidth of the seismic data. Click here or on the image above for the full article.

For more information on SIG, click here.

Holiday Reading List: Abundance

I ran across a great book recently, written by a couple of really interesting guys.  One – Peter Diamandis – is an MIT rocket scientist, Harvard-trained physician, satellite entreprenneur, and founder of the X Prize Foundation (which provides grants to fund private, passenger-carrying spaceships).  The second is Steven Kotler, a prolific author and Forbes blogger on topics that frequently deal with the intersection of science and culture.

The premise of Abundance is that the future will be fundamentally better (or that any future state we imagine will materialize sooner) than any of us can imagine due to the convergence of exponentially improving technologies in food production, genomics, nanomaterials, computing, robotics, etc.

It’s an exceptionally well written and approachable book that made me feel like I was sitting in the study, with a fire crackling in the fireplace and a cognac in hand, while a group of the world’s greatest visionary thinkers (be they venture capitalists, futurists or high-tech entreprenneurs) shared their views on the great advances they were anticipating for humanity.

Abundance was a #1 Amazon and #2 New York Times best seller.  Buy it for your loved one(s) or yourself this holiday season.

Overview of NEOS’s Seismic Imaging Group (SIG)

SIG101Mark Wallace, Technical Marketing Geophysicist in NEOS’s Seismic Imaging Group (SIG), provides an overview of the group’s experience, technology differentiators and focus areas in a 7-minute narrated slideshow.

Click here (or on the image above) to view the presentation.

Note that Dr. Edward Jenner, Research Director for SIG, will be reprising his SEG Lunch & Learn presentation via Webinar on Tuesday December 9.  Ed will be speaking about SIG’s latest technological innovation – structurally oriented frequency enhancement (SOFE), a technique to use mid-range acoustic signal to boost low- and high-end frequency content, ultimately improving seismic image resolution and the utility of the resulting seismic data for thin-bed or stacked-pay reservoir characterization and seismic inversion.

Analyst Sees $130 Oil in 2017

Interesting prediction, somewhat against the currently prevailing conventional wisdom. Lays out the rationale behind his ‘call’ and which market sectors to bet on if he’s right.

Focus on the Middle East – NEOS at the SEG 2015

Lebanon_hyperspectral_NEOSExploration interest in the eastern Mediterranean region has increased substantially in the last several years, driven in part by the very large gas discoveries made by several E&P operators offshore. Geoscientists are curious about the broader, regional implications of these offshore discoveries, as well as understanding how Syrian onshore petroleum systems extend into Lebanon.

NEOS conducted a geophysical airborne survey designed to map the regional prospectivity of 6,000 square kilometers, including the onshore northern half of the country and the transition zone along the Mediterranean coastline, by integrating legacy well and seismic data with newly acquired airborne geophysical datasets.

Mark your calendar and plan to attend:
Triassic hydrocarbon potential in the Eastern Mediterranean
Sole Velasco – Senior Geoscientist / Project Manager
Tuesday, October 20th | 2:20 pm
Special Global Session: Focus on the Middle East  |  Room 222

For more information about the Lebanon program, click here.

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