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GEOTRACE SPOTLIGHT

October 2009
Reducing the exploration cycle with effective onboard processing

First Break

BP’s first 3D marine survey in Libya’s Gulf of Sirt was one of the world’s largest, covering 17,000 km2. The company awarded Wavefield-Inseis and its subcontractor, Geotrace Technologies, the acquisition and onboard processing contract in June 2008 (Figure 1). The contract split the area into four tracts of approximately equal area and stipulated onboard processing, including 2D SRME and full pre-stack time migration with velocity model picking, within six weeks of last shot for each tract. The aim was to produce a high quality image for prospect identification and to enable the complete well planning process to begin in 2009 leading to early exploration drilling.

This paper seeks to show that exploration cycle times and image quality for vast surveys need not be overly limited by onboard processing constraints, provided that proper planning and investment are undertaken and that the appropriate levels of geophysical expertise and computer resources are available to meet project objectives. It is possible to deliver high quality, pre-stack time processing onboard while keeping pace with acquisition for very large surveys.

July 13, 2010 Working with Pore Pressure
(Digital Energy Journal)
June, 2010 Pelotas Basin, Brazil: Seismic reprocessing project data available for licensing
April 13, 2010 Geotrace Names New Chief Technology Officer
(Rigzone)
April 13, 2010 Find Your Niche and Grow: Career Tips from Geotrace CEO Bill Schrom
(The Total Career Success Blog)
April, 2010 Fractured reservoirs come alive with offset vector tile technology
(Hart's E&P)
March 30, 2010 New fracture detection tool promises sharper view of shales
(JPT Online)
March 5, 2010 Fracture Detection made Simple
(E&P video interview with Dr. Jaime Stein, Chief Geoscientist with Geotrace)

February 4, 2010 Geotrace Taps New Area Manager for Far East
(Rigzone)
February 4, 2010 Robinson joins Geotrace to lead Asian market expansion
(Oil and Gas Financial Journal)
January 7, 2010 Geotrace completes major onboard processing gig for BP
(Rigzone)
January 7, 2010 Geotrace completes onboard data processing offshore Libya
(Offshore)
September 26, 2009 Going for oil and gas where no one has gone before
(radio interview with Bill Schrom, CEO of Geotrace on The Business Makers Radio Show)
September 1, 2009 Data Storage and Retrieval in Russia; ROGTEC Talks Exponential E&P Data Growth with the Industry Leaders
(ROGTEC)
August 20, 2009 Geotrace opens Libya, Malaysia offices
(Oil & Gas Financial Journal)
August, 2009 Input all around - how to get better ideas
(Smart Business Houston)
July 22, 2009 Geotrace opens Libya and Malaysia offices
(press release)
June 10, 2009 inc.spots - Bill Schrom named as finalist for Ernst & Young Entrepreneur of the Year 2009 Award
(Memorial Examiner)
May 29, 2009 Working out the grain of the rock
(Digital Energy Journal)
May 27, 2009 Geotrace releases GeoBrowse 3.2
(Digital Energy Journal)
May 22, 2009 Top Houston CFO's honored at luncheon
(Houston Business Journal)
May 22, 2009 Geotrace releases GeoBrowse 3.2
(Oil and Gas Eurasia)
May, 2009 Rethinking the hunt for oil
(Continental Magazine)
April 29, 2009 Dell Blade Servers Make Seismic Exploration Smooth Sailing
(Dell Press Release)
April 16, 2009 Geotrace Introduces Ray-traced Anisotropic PSTM
(Digital Energy Journal)
April 2009 Beluga Terrace 2009 Reprocessing Project
(SearcherSeismic)
April 2009 Oceangoing Multi-Core
(Intel Case Study)
April 7, 2009 HBJ to honor area CFO's
(Houston Business Journal)
March 2009 The Data You Need May Be the Data You Already Own
(Zeus Technology Magazine)
March 2009 Hitting the High-Performance Seas
(Dell Case Study)
March 23, 2009 "Find Your Niche and Grow"
(VoiceAmerica Internet Radio Show - William Schrom, CEO of Geotrace, is interviewed.)

View the Press Release
February 2009 A successful statics methodology for land data
(The Leading Edge)

View the article on the SEG website
February 2009 Holistic reservoir characterization
(Hart's E&P)
January/February 2009 Doing pore pressure predictions
(
Digital Energy Journal)
February 6, 2009 Geotrace Announces Winners of 2008 NAPE Challenge
(Press Release)
January 27, 2009 Geotrace Granted Patent for Well-log Technology
(Hart's E&P)
January 19, 2009 Vega Resources seeking strategic partner to develop Rostov licences
(Your Oil and Gas News)
January 7, 2009 Geotrace sees data management service growth in 2008
(Digital Energy Journal)
December 17, 2008 Geotrace Sees Strong Demand for Data Management Services in 2008
(Zeus Technology Magazine)
December 1, 2008 The Time Factor
(Energy Today)
October, 2008 World Class Onboard Data Processing from Geotrace
September 30, 2008 BP Libya Launches Historic Offshore Exploration Programme
(Wavefield-Inseis)
September 9, 2008 Geotrace gets Bangladesh contract
(Hart's E&P)
September 2008 Pore pressure prediction sees improvements
(Hart's E&P)
August 22, 2008 Delving deep for data
(Houston Business Journal; background in photos provided by Dynamic Global Advisors)
August 19, 2008 Geotrace joins the Edinburgh anisotropy project
(Digital Energy Journal)
August 15, 2008 Largest onboard processing project complete
(Hart's E&P)
August 4, 2008 Geotrace Involved in Largest Onboard Data Processing Project Worldwide
(Oil & Gas Eurasia)
July 2008 Resolving thin stringer sands
(Hart's E&P)
June 26, 2008 Geotrace adds seasoned advisor to team in Europe
(Press Release)
June 25, 2008 Wavefield, Geotrace complete Marathon project
(EnergyCurrent)
June 2008 Extending seismic bandwidth using the continuous wavelet transform
(First Break)
May 30, 2008 Geotrace plays a critical role in identifying the highest quality prospects
(CNBC’s World Business Review Talks with Our Industry Partner, Bret Boteler)
May 2008 Time-lapse survey challenges
(Hart's E&P)
May 2008 GEOTRACE’S CFO Named Among the Best by the HOUSTON BUSINESS JOURNAL
(Press Release)
May 2008 GEOTRACE CEO BILL SCHROM Named Ernst & Young Entrepreneur Of The Year® 2008 Award Finalist in Houston & Gulf Coast Area
(Ernst & Young Press Release)
April/May 2008 Geotrace - extending the resolution bandwidth
(Digital Energy Journal)
February, 2008 What is all the buzz about?
(Hart's E&P)

March 24, 2008 Geotrace names new Marketing Manager for Latin America
(Press Release)
January 2008 Seeking Balance
(Smart Business Houston)
January 29, 2008 Geotrace and Reliance Work on Improving Seismic Resolution
(Oil and Gas Eurasia)
January 2008 Geotrace - one integrated database
(Digital Energy Journal)

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