The UKCS has 3 billion barrels in technically recoverable, but stranded resource, in Small Pools. At current exploration rates, it would take 14 years and 500 wells to discover this same volume. As an ultra-mature region, this level of discovered resource can no longer be ignored. Small Pools have been overlooked previously due to the challenges they present which makes them not economically viable. However, exploiting them could significantly aid Maximizing the Economic Recovery from the UK’s offshore oil and gas resources (MER). New technology is at the core of the solution, holding the potential to help unlock these Small Pools.
Aberdeen based company, Tenzor GEO, specialists in micro seismic surveying, are part of this new solution with the design and development of their new technology.
A challenge Operators face in exploration is the unknown and the associated time and financial implications that brings when drilling new wells, especially in the case of Small Pools.
Tenzor GEO’s technology mitigates the risk of oil and gas exploration of small pools by in its simplest form, providing increased accuracy of what’s going on subsurface to aid decision making related to drilling.
Based on geophysical and sonar principles, it combines micro-seismic data acquisition and interpretation to precisely locate hydro-carbon deposits.
Tenzor GEO’s technology is not an alternative to the conventional methods currently being utilised but is a bolt-on service which due to its flexibility can be run in parallel to the existing method and offer comparison data to confirm what it has found. This extra layer of certainty helps to support making the right drilling decisions and ensure viable projects. The improvement in accuracy offers a significant potential saving of millions.
So how does it work? The specialist equipment is designed to reliably record low-frequency signals. A hermetically sealed device (Ocean Bottom Seismometer) hosts a three-component low-frequency seismometer, a low-noise amplifier, a recorder, a battery, a horizontal level stabilization system, and a gyroscope. They are deployed from vessels in a free-fall fashion and are submerged using a GPS locator. These “listening units” then reliably record low-frequency signals before an automatic resurfacing system allows the units to be recovered and the data collected. A high precision report is then compiled for drilling. The design of the automatic resurfacing system method allows the user to quickly install and remove the devices from depths of up to 6000m. The design also ensures there is no environmental impact. On recovery of the device, it unfastens the ballast, leaving it on the seabed to eventually turn into environmentally harmless sand.
So far, the technology has been used onshore with commercial success in Russia, India and Latin America since 2010 and has also been successfully tested in coastal waters.
Tenzor Geo are now as part of the current co-hort of TechX Pioneers at the Oil and Gas Technology Centre looking for an industry partner to carry out an offshore trial of the technology and take it to the commercial market.
As part of the intensive 16-week TechX programme, Tenzor Geo will be giving individual client-oriented technical presentations in Aberdeen between 13-17 August where the scientific background of the technology will be discussed in detail. For further information or to attend one of Tenzor Geo’s presentations please contact Ivan Starostin firstname.lastname@example.org.
1. Tenzor Geo Ltd, a Company registered in Scotland with Company Number SC587661 and having its registered office at 31 – 33 Union Grove, Aberdeen, AB10 6SD (hereafter Tenzor Geo); and
2. [Your Company Name] of [Your Company Address] (hereafter Partner).
Tenzor Geo and Partner agree as follows:
Affiliate means in relation to either party any entity that from time to time, directly or indirectly controls, is controlled by, or is under common control with that party, or that is a successor (including, without limitation, by change of name, dissolution, merger, consolidation, reorganization, sale or other disposition) to any such entity or its business and assets. An entity will be deemed to control another entity if it has the power to direct or cause the direction of the management or policies of such entity, whether through the ownership of voting securities, by contract or otherwise.
Business Purpose means discussions relating to Tenzor Geo introduction, including but not limited to its structure, technology, processes, clients, counterparties, project, plans, etc. Group means each contracting party and its respective advisers, agents and representatives from time to time and its Affiliates and their respective advisers, agents and representatives from time to time.
Information means information in any form (including, without limitation, methodology, software and computer outputs) which is not excluded under clause 4 below, whether written or oral, of a business, financial or technical nature which is marked or otherwise indicated as being or is, or ought reasonably to be, known to be confidential and which is disclosed by one party to this Agreement (the Disclosing Party) or any member of its Group to the other party (the Receiving Party) or any member of its Group or otherwise come to its attention during the parties’ involvement in the Business Purpose. Information includes information relating to the involvement of either party’s Group in the Business Purpose.
1. The Receiving Party agrees:
(a) to hold the Information in confidence and, not without the Disclosing Party’s prior written consent, to disclose any part of it, to any person other than those directly concerned with the Business Purpose and whose knowledge of such Information is essential for such purposes. The Receiving Party will ensure that those persons comply with the obligations imposed on the Receiving Party under this Agreement. The Receiving Party shall be liable for such person’s default;
(b) not, without the Disclosing Party’s prior written consent, to use the Information for any purpose other than the Business Purpose;
(c) to delete from any device containing any Information and/or return to the Disclosing Party upon demand the Information except for one copy of such Information as is required to be retained by law, regulation, professional standards or reasonable business practice by a member of Receiving Party’s Group; and
(d) to use reasonable endeavours to provide the Disclosing Party with prompt notice if any member of the Receiving Party’s Group becomes legally compelled to disclose any of the Information, so that the Disclosing Party may seek a protective order or other appropriate remedy. If such order or remedy is not available in time, the obligation of confidentiality shall be waived to the extent necessary to comply with the law.
2. The Receiving Party agrees that no right or licence is granted to the Receiving Party’s Group in relation to any part of the Disclosing Party’s Information.
3. Neither party nor any member of its respective Group warrants the accuracy or completeness of the Information. Accordingly, neither party’s Group shall have any liability to the other resulting from the use of the Information, save in respect of liability arising from fraudulent misrepresentation.
4. Clause 1 does not apply to Information which:
(a) at the time of disclosure is, or subsequently through no fault of the Receiving Party’s Group becomes, generally available to the public;
(b) becomes rightfully known to the Receiving Party’s Group through a third party with no obligation of confidentiality;
(c) the Receiving Party is able to prove was lawfully in the possession of the Receiving Party’s Group prior to such disclosure; or
(d) is independently developed by the Receiving Party’s Group.
5. The obligations in this Agreement shall be binding on both parties for so long as the Information retains commercial value.
6. Each of the parties acknowledges that a person with rights under this Agreement may be irreparably harmed by any breach of its terms and that financial remedies alone may not necessarily be adequate. Accordingly, a person bringing a claim under this Agreement may be entitled to injunctive or other equitable relief for any threatened or actual breach of its terms.
7. Members of the parties’ respective Groups shall have the right under the Contracts (Rights of Third Parties) Act 1999 (the Act) to enforce the terms of this Agreement. The Act shall not affect any right or remedy available to any member of either party’s Group apart from the Act.
8. This Agreement is made by the Receiving Party on its own behalf and as agent for each member of its Group.
9. This Agreement will be governed by, and construed in accordance with, English law. Each party irrevocably submits to the jurisdiction of the English courts
Authorised Signatory: [your-name] verified via email
Tenzor Geo Ltd
Authorised Signatory: Ivan Starostin