Press Esc to close

WorldOil

World Oil News Center



Aker Solutions signs sub-surface velocity cube agreement with TGS

OSLO -- Aker Solutions' geo business has signed a six-year frame agreement with TGS to co-operate in supplying regional sub-surface velocity cubes - hiQbe - for the UK Central North Sea area.

The agreement is valid for a period of six years, with optional extensions, from 29 May 2012. In addition, TGS has options to extend the agreement to other areas on the UK continental shelf.

"This is a very good agreement for us, with an important seismic company with whom we share a successful history of velocity cube co-operation on the Norwegian continental shelf," says Bengt Larssen, president of Aker Solutions' geo business.

hiQbe stands for regional high quality velocity cube and consists of hundreds of seismic stacking velocity data sets, and checkshots from hundreds of wells, all processed into one regionally consistent velocity cube, with anisotropy corrections.

It is created using proprietary Aker Solutions' technology.

"We are one of the largest sub-surface consultancy businesses on the Norwegian continental shelf. This co-operation confirms our technology and is recognition of our competence. As a result, we will be looking at expanding our capacity within this niche market," adds Larssen.

Aker Solutions' geo business delivers products and services through the whole subsurface value chain, from exploration to production, and is a leading velocity and depth conversion provider.

"We consider hiQbe to be a leading product for regional work, saving our customers time and money, with pre-tied regional wells and a complete earth velocity model for seismic depth conversion without disruptions," says Larssen.

05/31/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events