Volume 75, Number 2
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Celebrating 60 Years of Trends, Tools, and Technology
DRILLING MARKET REVIEW
Offshore drilling market faces an uncertain year .................. 32
As a slew of newbuild drilling rigs hit the market in 2015 coupled with
oil companies slashing budgets due to surging costs, it is speculated
that the industry will witness an acceleration in the rate of marginalization of legacy assets.
Brazil remains center stage in rig market.............................. 42
Brazil has ambitions to become one of the largest oil exporters in the
world over the next decade or two, but the country’s ability to reach
that goal is the pressing question. In September 2014, Brazilian federal
energy planning company Empresa de Pesquisa Energetica laid out its
10-year plan for energy expansion, which foresees that the country will
be able to produce 5 MMb/d of oil by 2023.
New venture offers step change in reservoir recovery.......... 46
In May 2013, Cameron and Schlumberger announced the creation of
OneSubsea, a joint venture to manufacture and develop products, systems, and services for the subsea oil and gas market. Recently, Offshore
met with OneSubsea CEO Mike Garding to discuss the company’s
achievements to date, the challenges he sees for the industry going
forward, and the ways in which the new venture can help the offshore
oil and gas industry address those challenges.
Industry addressing challenges
of deepwater, data management ............................................ 54
For 30 years, INTECSEA has provided frontier technology leadership
for the energy industry’s most challenging offshore field development
and pipeline projects. Recently, Neil Mackintosh, president of INTECSEA, met with Offshore to discuss the latest trends in offshore oil and
gas development, subsea engineering, data management, and the
outlook for the industry in the next five to 10 years, and beyond.
GEOLOGY & GEOPHYSICS
Unstructured data management
shifts industry to unified IT infrastructure ............................. 58
Managing the associated unstructured data generated by seismic
images is a major investment of money, resources, and equipment.
Moreover, as increased resolution continues to come online, survey
technologies in field and processing techniques stretch decade-old
computing constructs. Raw data sizes are also growing exponentially.
The advances made in seismic data acquisition technology factor in this
growth; however, post-processing, compression, high-fidelity master
archiving, and data redundancy schemes all serve as multiplier effects
on the raw data ingest rate.