Land Imaging with FireFly

Transcription

1 Land Imaging with FireFly Presented at the Lehman Brothers Investor Day By Jim Hollis (Executive VP and COO, ION Solutions) December 6, 2007 Houston, Texas USA

2 Getting Grounded: The Seismic Imaging Market Land Equipment Sector ~$700 Million per Year Annual Revenues by Sub-sector ($ Millions) 12,000 10, Processing Land equipment Land acquisition 8,000 6,000 Marine equipment Seabed acquisition Streamer acquisition 4,000 2, E [ 2 ]

3 Getting Grounded: ION Business Segments Sold $206 Million of Land Systems in 2006 Mix of Business by Segment (Percentage of 2006 Revenues) 100% = $504 million GXT Imaging ($147M = 29%) Land Systems ($206M = 41%) CSL Software ($23M = 5%) Marine Systems ($128M = 25%) [ 3 ]

4 FireFly Vision in 2004 Improve the image using full-sampling and full-wave Eliminate cables & develop infrastructure to facilitate high productivity and complete scalability Reduce impact on the environment and improve safety Scale station count without scaling people, cost, and environmental impact [ 4 ]

5 What Made FireFly Possible Enabler #1: Technology Convergence Digital compass Low power processing chips WiFi Bluetooth Ultra fast Ethernet Flash memory GPS and WAAS GPS Low cost inertial navigation LiDAR Discriminating radios MEMS technology Lithium ion and solar power solutions [ 5 ]

6 At the Center of What Makes It Possible The Field Station Unit and Full-wave Sensor FireFly FSU (recording unit) Internal flash memory Internal micro-processor Multiple datacom protocols Bluetooth Ethernet VHF VectorSeis (sensor) Digital, full-wave (3C) sensor MEMS (micro-electro-mechanical systems) technology [ 6 ]

7 What Made FireFly Possible Enabler #2: Industry Collaboration with BP and Apache Acquisition system requirements Environmental impact requirements Supply chain management and guidance Image expectation Technology financing Acquisition system requirements Environmental impact requirements Productivity expectation Technology financing Field trial NE Texas Field trial Wamsutter, Wyoming [ 7 ]

8 What Made FireFly Possible Enabler #3: An Ecosystem Approach Surveying Station Density Equipment Deployment Layout & Shooting Pre- Processing Conventional Cable Stakes & flags Cable-constrained (200 x 1800 ) 25 tons Visual & resource heavy Manual LIDAR & stakeless Image-driven (150 x 150 ) 5 tons GPS-driven & light footprint Automated [ 8 ]

9 FireFly in Action The Client Challenge at Wamsutter The Customer Challenge: Identify sweet spots in a large, tight gas field in order to optimize a multi-year, $2.2 billion exploitation drilling program Short acquisition window Severe pressures to minimize environmental disturbance Mandate to minimize health & safety risk Desire to obtain densely sampled, full-wave seismic images BP s Wamsutter, Wyoming USA Strategic Production Asset [ 9 ]

10 Delivering the Results The Application in Action Summary of Key Operating Benchmarks Image Quality Conventional Fold Fold Crew Size Conventional 45 Man Crew 75 Man Crew Cycle Time Conventional Layout Shooting Pickup Days Pre- Processing Days [ 10 ]

11 Understanding the Imaging Improvements Rose Diagram Conventional vs. FireFly Wamsutter Legacy Surveys (40 fold) Wamsutter with FireFly (~1,000 fold) [ 11 ]

12 Understanding the Imaging Improvements Legacy Wamsutter Data Sub-optimal Resolution After basic signal processing and two iterations of velocities and statics [ 12 ]

13 Understanding the Imaging Improvements Resolution Improvement with FireFly After basic signal processing and two iterations of velocities and statics [ 13 ]

14 Understanding the HSE Improvements One Example Route Planning for Safe, Efficient Operations LiDAR (Light Detection and Ranging) Cultural sites Hazards Land access Safe and efficient field movement [ 14 ]

15 Understanding the Operational Improvements Next-generation Positioning and Deployment Command & Control Real Time Navigation & Positioning Portable Navigation Tool [ 15 ]

16 Understanding the Operational Improvements Dynamic, Source-driven Acquisition Speeds Shooting Operations Automated source-driven acquisition for speed and safety Dead-reckoning for safe navigation and positioning [ 16 ]

17 Understanding the Operational Improvements Preserving Data Integrity to Speed Pre-processing [ 17 ]

18 Operational Flexibility Deployment in Flooded Areas [ 18 ]

19 Operational Flexibility Retrieval in Harsh Environments [ 19 ]

20 FireFly Evolution with Field Trials Learnings for our Version 2 System Changes built into Version 2 to enhance original goals Design changes for hardening equipment Improvements for better and more flexible telecommunications Improvements for power systems and power management Increased training for crew and contractor operational management [ 20 ]

21 Version 2 FireFly Expected Version 2 Total Project Cost Achievement over Cable Systems* Wamsutter, WY Analog $600,000 $500,000 Cost ($/mi 2 ) $400,000 $300,000 $200,000 $100,000 $0 9 fold Today 36 fold 156 fold 625 fold 2500 fold Over the Next 2-5 Years 10x increase in fold 25% increase in cost Cable Analog - Vibroseis Cableless Digital - Vibroseis Stations of Equipment on Crew * Project management, survey, drilling, acquisition, weather [ 21 ]

22 ION Strategy for FireFly Commercial Release Deploy the FireFly technology globally with the survey commitments from companies like BP or SINOPEC Deploy FireFly on projects that require very high-station-count systems for imaging and operational efficiency Create a backlog of projects to support a contractor in moving to the next generation of recording system and system support ecosystem Back the FireFly full-wave acquisition projects with the new processing and interpretation technologies developed and supported by ION [ 22 ]

23 Discussion [ 23 ]