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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  PGS ASA    PGS   NO0010199151

PGS ASA

(PGS)
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PGS : Introducing an Integrated Prospect Derisking Tool

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09/10/2020 | 04:40am EDT

Read the full paper 'Exploration workflow for real-time modeling of rock property and AVO feasibilities in areas with complex burial history - a Barents Sea demonstration'

A major challenge for the industry is to fast-track oil and gas exploration and production from subtle and complex traps more efficiently than before. Integration and automation are key aspects in this process and the paper demonstrates how a novel, integrated and seamless workflow enables geologically constrained and robust real-time prediction of expected rock physics properties away from well control.

In areas with few wells and complex geology, it is challenging to predict reservoir quality in surrounding prospects away from well control. The new workflow uses FWI velocities as input to constrain burial history in areas without well control. A Workflow For All Geoscientists

3D cubes can be generated for any given geological scenario and assessments made on the sensitivity of the elastic response to the input parameters. These can be used to guide, validate, and calibrate quantitative interpretation studies and to derisk prospects.

An example from the Barents Sea illustrates how the proposed workflow can efficiently derisk DHI leads and prospects in a complex geological context. More specifically, it allows the interpreter to account for and analyze the impact of geological information like sand and clay types or tectonic uplift on the final geophysical interpretation, and to run sensitivity analysis of key input parameters in real-time.

Such a workflow can support complex prospect risking procedures and the estimation of risked volumes of hydrocarbon. This can provide an integrated organization-wide consistent approach to the DHI-modified risking process used by the industry.

Disclaimer

PGS - Petroleum Geo-Services ASA published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2020 07:39:01 UTC


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Financials (USD)
Sales 2020 548 M - -
Net income 2020 -257 M - -
Net Debt 2020 1 015 M - -
P/E ratio 2020 -4,43x
Yield 2020 -
Capitalization 1 022 M 112 M -
EV / Sales 2020 3,72x
EV / Sales 2021 3,54x
Nbr of Employees 1 256
Free-Float 100,0%
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Number of Analysts 13
Average target price 0,32 $
Last Close Price 2,64 $
Spread / Highest target -79,4%
Spread / Average Target -87,8%
Spread / Lowest Target -91,8%
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Rune Olav Pedersen President & Chief Executive Officer
Walter Hafslo Qvam Chairman
Rob Adams Executive Vice President-Operations
Gottfred Langseth Chief Financial Officer & Executive Vice President
Anne Grethe Dalane Vice Chairman
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