Halliburton Co. and TGS-NOPEC Geophysical ASA have entered a collaboration to bring advanced seismic imaging to fiber optic sensing, the companies said on May 18.
The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. The Halliburton FiberVSP and Odassea distributed acoustic sensing solutions will now incorporate TGS’s seismic imaging workflows that process the entire seismic wavefield to generate high-resolution reservoir images.
“This solution enables enhanced reservoir understanding for our customers with a lower total cost of ownership relative to conventional 4D seismic,” Jan Schoolmeesters, executive vice president of TGS operations and new energy solutions, said. “We’ve leveraged the competencies and know-how of both organizations to drive the change our industry needs for proactive reservoir management. For TGS, this collaboration meets our strategic initiatives to increase our focus on technology and mature basins, capture more repeatable business, and offer customers cost efficient new energy solutions like carbon storage monitoring.”
Work is underway to deliver this combined solution for multiple onshore and offshore reservoir monitoring projects.
U.S. oil rigs rose eight to 373 this week, while gas rigs rose one to 97, according to Baker Hughes.
Companies report drilling and well completions activity and pricing are edging higher.
The oil and gas rig count rose five to 461 in the week to June 11, its highest since April 2020, Baker Hughes Co. said June 11.