NEOS to Acquire CGG Multi-Physics Business

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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, read the Press Release

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.

NEOS’ SIG Launches Frequency Enhancement Offering

Time slice of Mid-Continent USA data near the reservoir interval. Yellow highlights an interpreted graben feature. Data courtesy of ION GeoVentures.
Time slice of Mid-Continent USA data near the reservoir interval. Yellow highlights an interpreted graben feature. Data courtesy of ION GeoVentures.

The Seismic Imaging Group (SIG) at NEOS has launched a new seismic data processing offering.  This technique for structurally oriented frequency enhancement (SOFE) significantly improves the recovery of high and low frequency acoustic signal. The result is an improvement in the vertical resolution of seismic images and an increase in the quality and utility of the seismic data that geoscientists use for attribute extraction, inversions, and rock and fluid property determination.

According to Dr. Edward Jenner, Research Director at SIG,

SOFE works by applying a frequency-dependent filtering technique that uses the mid-range spectrum, in which we have the highest signal-to-noise, to guide the filtering and attenuation of noise in the low- and high-range frequency spectra, in which we have the lowest signal-to-noise.  The technique typically results in a significant increase in useable bandwidth of 30-50 Hz at the high-end of the spectrum, thus significantly increasing the resolution of the resulting seismic images.”

While SOFE will be of great value in almost every geologic setting, the greatest uplift will likely be realized by interpreters working in thin, stacked-pay reservoirs (such as those found in the Permian Basin) or those trying to image and determine rock properties in stratigraphic plays.

For those who will be at SEG in New Orleans next week, Dr. Jenner will be hosting an invitation-only Lunch & Learn on Tuesday October 20th.

Data before and after SOFE. a) input seismic section; b) seismic section after SOFE; c) input seismic section after spectral balance - note significant high-frequency artifacts; d) SOFE section after the same spectral balance as in (c) – note high-frequency artifacts are eliminated and the result is a broad-band, high-resolution, interpretable section that ties the well data. Data courtesy of ION GeoVentures.
Data before and after SOFE. a) input seismic section; b) seismic section after SOFE; c) input seismic section after spectral balance – note significant high-frequency artifacts; d) SOFE section after the same spectral balance as in (c) – note high-frequency artifacts are eliminated and the result is a broad-band, high-resolution, interpretable section that ties the well data.
Data courtesy of ION GeoVentures.

To learn more about NEOS, click here.