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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BP    BP.   GB0007980591

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BP : Report Summarizes Geophysics Study Findings from BP p.l.c. (Identifying and mitigating against potential seafloor and shallow drilling hazards at a...

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10/05/2017 | 07:32pm CEST

Report Summarizes Geophysics Study Findings from BP p.l.c. (Identifying and mitigating against potential seafloor and shallow drilling hazards at a complex Gulf of Mexico Deepwater site using HR3D seismic and AUV data)

By a News Reporter-Staff News Editor at Physics Week -- Current study results on Geophysics have been published. According to news reporting out of Houston, Texas, by VerticalNews editors, research stated, "This paper presents an integrated and iterative approach to the identification and understanding of seafloor and shallow geohazards at a complex geologic setting in the deepwater Gulf of Mexico. The approach, focusing on geophysical data gathering and processing, allowed continuous improvement in the understanding of individual geohazard risks ahead of any eventual selection of wildcat drilling locations."

Our news journalists obtained a quote from the research from BP p.l.c., "The progressive development of increased image resolution has included the use of the following data types: exploration 3D, autonomous underwater vehicle seabed clearance, short-offset 3D, a full-waveform inversion velocity model, HR3D acquisition, HR3D, autonomous underwater vehicle high-resolution sonar, and seabed photographic transects. Data have assisted in revealing the presence and the understanding of, numerous seafloor and sub-seafloor geologic features that could potentially affect the choice of well location, well trajectory, and final drilling practices. Features that have been defined have included active benthic communities, widespread seafloor faulting, multi-scale active seabed expulsion features, slope-failure scarps, mass transport complexes, shallow gas, and various effects from the presence and transmission of shallow overpressure towards the seafloor."

According to the news editors, the research concluded: "The final, integrated geologic model that is developed will allow selection of well surface locations and trajectories that meet local regulatory requirements for safe drilling and environmental protection, as well as the adoption of safe drilling practices to mitigate identified hazards."

For more information on this research see: Identifying and mitigating against potential seafloor and shallow drilling hazards at a complex Gulf of Mexico Deepwater site using HR3D seismic and AUV data. Near Surface Geophysics, 2017;15(4):415-426. Near Surface Geophysics can be contacted at: European Assoc Geoscientists & Engineers, PO Box 59, 3990 Db, Houten, 00000, Netherlands.

Our news journalists report that additional information may be obtained by contacting K. Kassarie, BP Amer Inc, Houston, TX 77079, United States. Additional authors for this research include S. Mitchell, M. Albertin, A. Hill and R. Carney.

Keywords for this news article include: Houston, Texas, United States, North and Central America, Geophysics, BP p.l.c.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Science Newsletters

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Financials ($)
Sales 2018 303 B
EBIT 2018 20 832 M
Net income 2018 10 508 M
Debt 2018 36 346 M
Yield 2018 5,68%
P/E ratio 2018 13,07
P/E ratio 2019 11,68
EV / Sales 2018 0,58x
EV / Sales 2019 0,55x
Capitalization 138 B
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Average target price 8,26 $
Spread / Average Target 18%
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Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
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