American Association of Petroleum Geologists Exhibition Proceedings

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Research and Markets (http://www.researchandmarkets.com/research/ db842c/american_associati) has announced the addition of the “American Association of Petroleum Geologists Proceedings – Long Beach, 2007″ report to their offering.

American Association of Petroleum Geologists Proceedings – Long Beach: April, 2007

Around 5,200 attended the 2007 Conference and Exhibition of the American Association of Petroleum Geologists, held in Long Beach California. The conference took place right on top of the Willmington field which has produced 2.65 billion bbls of oil and 1.2 TCF gas over 75 years. It still produces 75,000 bopd from 1,300 wells.

Despite the sessions on CO2 sequestration and alternative energy, the AAPG is a somewhat unreconstructed skeptic when it comes to global warming. The party line, as expressed by president Lee Billingsley, is that a human origin is ‘not proven’ and that taxing energy to reduce consumption will have a deleterious effect on the exploration and production effort. The AAPG is likewise doubtful that ‘peak oil’ is real – preferring a future of ‘plateau’ production lasting out through 2050 and beyond. The fly in the ointment is the possibility of runaway consumption using up these plentiful reserves before that time.

On the exhibition floor, we spotted new offerings in the field of seismic-less interpretation, including Fugro-Jason’s PowerBench which now handles extreme well log counts. GeoGraphix also offers flexible cross section-based geologizing from well logs, with structural model building on the fly. For Schlumberger, the big event was the launch of Petrel 2007 which is moving into basin-wide exploration of large data sets on a PC. Landmark’s response is a revamped GeoProbe with enhanced model building and currently, a 64 bit advantage.

A special session on automated interpretation included a Terraspark’s automated fault extraction and ‘fault probability volume.’ Paradigm was showing a seed parent count technique that is used as a facies indicator. But the most popular activity for the modern geologist is model building – for just about everything from structural geology, sedimentation, rock mechanics and geochemistry. The visualization session offered a good snapshot of where the majors are with high-end virtual reality. ExxonMobil described use in training geologists through virtual field trips. A presentation on BP’s HIVES showed a growing application portfolio used across the company from exploration to engineering offshore platforms.

Key Topics Covered:

— Presidential address – Lee Billingsley

— Role of independents – from wildcat to Wall Street

— World oil reserves – Hedberg Conference summary

— Alternative Energy Session

— Division of Professional Affairs (DPA) Lunch – Bobby Ryan, Chevron

— Automated interpretation session

— Visualization Session

— Exhibitors

— ‘Data’ Poster Session

— Other papers, conferences and consortia of note

— Technology Watch subscription information

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