MMS, Hydro join A2D Technologies Gulf of Mexico Well Project
Well log data to be processed to Workstation Ready standard across the region
Houston, Texas (March 21, 2006) - A2D Technologies, well log data subsidiary of TGS-NOPEC Geophysical Company, has begun a project to convert all Gulf of Mexico (GOM) deepwater and key shelf exploration logs to the industry recognized Workstation Ready format. Project underwriters include Hydro Gulf of Mexico, L.L.C. and, under a modification of an existing agreement with A2D, the Minerals Management Service (MMS).
The Workstation Ready format (WSR) is based on a raw LAS log, which is then researched to ensure completeness, processed and verified to high quality assurance standards and delivered to the end user in a standardized format that allows for efficient loading into interpretive applications.
Processing of the GOM WSR project is expected to take 30 months. Together with A2D’s existing inventory of Workstation Ready data, the number of wells in the project will exceed 25,000. As underwriters, the MMS and Hydro designate higher-priority wells for their operations, and receive the data at a cost savings. The project is structured to accommodate a third participant, an option under consideration from several energy companies active in the Gulf of Mexico.
“Acquisition of A2D’s Workstation Ready well log data is an important tool that will provide us with high quality data when evaluating expansion in the Gulf of Mexico.” said Scott Griffiths, Senior Vice President and COO of Hydro, Gulf of Mexico, L.L.C.
“This joint initiative will complete A2D’s Workstation Ready dataset in the Gulf of Mexico, and should be of interest to any company active in the region,” states Dave Kotowych, President of A2D Technologies. “This dataset is a strategic asset for the entire industry, as is underscored by the participation of both commercial and government interests. A2D is working to replicate this model in other highly active exploration regions worldwide.”
Other parties interested in participating as underwriters in this project should contact A2D at 1-888-LOG-LINE or www.a2d.com for further information.
A2D Technologies, a TGS-NOPEC Company, is the energy industry’s well log data marketplace offering the largest online database, immediate delivery, conversion services, data management services and worldwide well log data sourcing. TGS is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry.
TGS-NOPEC Geophysical Company (TGS) is a leading global provider of multi-client geoscientific data, associated products and services to the oil and gas industry. TGS specializes in the creation of non-exclusive seismic surveys worldwide. The company also provides advanced depth imaging solutions and software through its TGS Imaging division. A2D Technologies, a wholly-owned subsidiary, is the energy industry’s well log data marketplace offering the largest online database, immediate delivery, conversion services, data management services and worldwide well log data sourcing. The TGS family of companies places a strong emphasis on providing high-quality data and the highest level of service to the industry.
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS’ reliance on a cyclical industry and principal customers, TGS’ ability to continue to expand markets for licensing of data, and TGS’ ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
- Contact Information
- Ryan Clark
- Senior Marketing Coordinator - A2D
- A2D Technologies
- Contact via E-mail
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