This course will explain the basic theory and implications of acquisition, processing, and interpretation as a function of the amount of investment in the data. It covers basic theory and how the technology advanced from the initial gravity and seismic reflection experiments to the modern data and its impact on the overall success in exploration and production in of oil and gas industry as well as water, minerals, geothermal and recently CCUS. The concepts of Value of Information when determining how much or whether to invest in geophysics is introduced.
Duration
Four Days
Who Should Attend?
Non-geophysicists need to understand the value and correct application of geophysics to subsurface understanding.
- Managers, engineers, geotech, land and legal professionals working in E&P
- Procurement professionals needing to approve and evaluate bids for geophysical products of services to be ‘acquired’ or licensed
- Curious geoscientists who want an overview to better understand the use and basic theory of geophysics
Prerequisites (Knowledge/Experience/Education Required)
General audience
Learner Outcomes
- Learn how application of geophysics to subsurface resource Exploration and Production impacts the overall value of project.
- Learn fundamental theory of seismic reflection method and how it impacts cost and value.
- Basic theory of reflection seismic method
- Historical background and evolution of the method as technology improved.
- Impact of acquisition parameter choices on ultimate costs to costs and results.
- Learn terminology and associated concepts including:
- Anatomy of a seismic reflection Image (2D vs 3D vs 4D)
- Analogue vs. Digital –
- Sampling, time vs spatial, why its important and how it affects the overall cost.
- Stacking, Fold, Gathers, Statics, geometry
- Migration, Velocity
- Learn about ‘Buying’ seismic, including:
- Seismic Data Acquisition – proprietary vs. Underwritten speculative
- Buying existing data withal attendant rights to disclose
- Licensing data- most economical and risk free; limited disclosures.
- Trading data with other owners.
- Learn the value of Information introduction – applying economic values to outcomes with and without getting seismic data.
