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Advanced Field Data Acquisition and Technology Evaluation Contract, Gas Research Institute: Since 1994 Providence has been GRI's contractor for 12 separate seismic field data and/or technology evaluation contracts, testing various advanced geophysical concepts and evaluating market potential of advanced technologies. Technologies have included state-of-the-art reservoir characterization tools, borehole tomography and crosswell seismic imaging, as well as high definition 3D seismic. Providence has formulated several detailed market evaluations and strategies for advanced technologies developed under this contract which are approaching commercialization. Advanced Computational Technology Initiative, ARCO, Conoco, Cray, Fairfield, IBM, Intel, Oryx Energy, Paradigm Geophysical, Providence Technologies, University of Texas-Dallas: Providence was one of the original successful proposers for competitive award of this multi-million dollar DOD/DOE research venture, and continues to participate in this effort to develop a robust new software approach to migration of large volumes of complex 3D seismic data more accurately, using a Finite Difference algorithm. Providence has provided a large, complex onshore 3D dataset for test and evaluation of the algorithm development and owns a license to the technology Block 32 2D Swath Reconnaissance Project, Republic of Yemen, TransGlobe Energy: Providence consulted on and provided technical field oversight in 1998 for data acquisition of approximately 120 kilometers of advanced 2D swath reconnaissance imaging for TransGlobe Energy. Block 32 incorporates areas of the Hadramat Highlands region of Yemen, and is known as an extremely difficult imaging area and a challenging operations area due high limestone/shale plateaus and deeply incised erosional wadis (valleys). Brown Bassett Field Advanced 2D Swath Tests, ARCO Permian: This experimental 1997 multi-line 2D swath test was designed, bidded, contracted, acquired and delivered by Providence to advance imaging of stratigraphic targets in an extremely challenging data environment, complicated by terrain, high Q problems and field noise, with excellent results. Buckhorn 3D Project, Schleicher County, TX, Louis Dreyfus Natural Gas: Atop the notorious poor-data surface of the Edwards Plateau of Texas, Providence designed, contracted, operated and delivered this advanced, high quality 17 square mile 3D data volume for proprietary exploration purposes in 1997. Comprehensive Test- New Downhole Hydraulic Axial Vibrator, Massachusetts Institute of Technology, Earth Resources Laboratory and Gas Research Institute: Providence contracted GRI's participation and support for this state-of-the-art Michigan Basin 1998-1999 evaluation of advanced borehole imaging tools, combined with random data acquisition strategies. Datasets included 3D imaging from downhole sources and surface sources into surface receivers and reverse VSP's, with the multiple objectives of improved resolution of economic targets and to prototype enhanced field operational efficiencies of random acquisition. Crosswell Drilling Demonstration Program and Crosswell Education Series, Gas Research Institute and TomoSeis Inc.: Providence funded through our GRI contract a 1996 series of presentations by Tomoseis to potential users and interested industry scientists, on the current state-of-the-art of borehole tomography and crosswell seismic imaging, as part of the commercialization strategy and process for the promising technology. Crosswell Seismic Profiling Market Analysis, Gas Research Institute and TomoSeis Inc.: Providence conducted extensive market and geologic research, evaluating every producing gas and oil reservoir in the United States with <50 MMBOE, for applicability of borehole tomography and crosswell seismic imaging technologies. This 1994 project provided detailed market strategy and interviews to facilitate industry technology adoption and commercialization. The technology has become a successful commercial business venture today through the development of markets and strategies identified by Providence. Fiber Optic Sensor Sea Test, Gas Research Institute and Input/Output, Inc.: This innovative technology was tested under funding provided by GRI through Providence with confidential results. Financial Analysis and Capital Structure Evaluation of TomoSeis Corporation, Deloitte & Touche and Gas Research Institute: Providence interacted with the subcontractor on behalf of GRI to consult and assist in the preparation of detailed financial and business plans to launch the company, which is a successful going-concern today. Heijah 3D Project, Masila Block 14, Republic of Yemen, Canadian Oxy, Occidental Petroleum and Pecten (Shell) International: This project was one of 2 major 1996 - 1997 3D seismic reacquisition programs, comprising a total of approximately 140 square kilometers, to define giant oil discoveries by our clients. At the time, corporate reports suggested total proven reserves in the range of 250 MMBO on Block 14; recent corporate reports and industry literature now suggest total proven reserves in the range of 750 MMBO. High Resolution Borehole Seismic Commercialization Study, Gas Research Institute and Gelb Consulting Group, Inc.: This 1995 project involved Providence's consultation and interaction with the subcontractor in preparation for the commercial business launch of technology, now a successful going-concern. Improved 3D Reservoir Modeling Through Multi-Data Integration Program, Gas Research Institute and Northern Illinois Gas Company: Providence contracted under our GRI contract a robust reservoir recharacterization in the Illinois Basin, integrating 3D seismic and various subsurface datasets, for an improved understanding of fluid flow paths and possible reservoir heterogeneities, with potentially important economic impact on gas storage reservoir management. Lazarus 3D Bone Spring Prospect, Lea County, NM, Providence Technologies, Stevens Oil Company and Yates Petroleum: This 1994 - 1995 project created a 1.5MMBO oil prospect using subsurface and 2D seismic prospecting, further delineated by 5 square miles of 3D evaluation, prospect marketing and placement with an industry operator for ultimate drilling. La Escalera 2D Swath Reconnaissance Project, Pecos County, TX, Chevron: This high channel state-of-the-art 1994 2D swath recon data program, approximately 30 linear miles, was developed, operated and delivered turnkey for advanced exploration and analysis of overthrust and stratigraphic potential. Masila 2D Swath Reconnaissance Project, Masila Block 14, Republic of Yemen, Canadian Oxy, Occidental Petroleum and Pecten (Shell) International: Part of CanOxy's 1996 - 1997 Seismic Program, Providence designed 3D reacquisition parameters and processing parameters, in conjunction with Fairfield, based upon reprocessed improvements to 1995 - 1996 CanOxy 3D volumes in this extreme topography. In addition to delivering and licensing the use of design parameters, Providence assisted CanOxy's contract management in the development of the bid tender, non-disclosure agreements, bid analysis, acquisition and processing contracts. Based upon results in Masila Block through 1998, CanOxy has taken 4 additional concession areas in Yemen. Reservoir Characterization Project, Colorado School of Mines and Gas Research Institute: One of several major industry research consortia sponsored by GRI through Providence's Field Data Acquisition and Analysis Contract. Providence benefits from the opportunity to review detailed results and techniques being developed in this important venture. Sunah 3D Project, Masila Block 14, Republic of Yemen, Canadian Oxy, Occidental Petroleum and Pecten (Shell) International: This project was the second of 2 major 1996 - 1997 3D seismic reacquisition programs, comprising a total of approximately 140 square kilometers, to define giant oil discoveries by our clients. At the time, corporate reports suggested total proven reserves in the range of 250 MMBO on Block 14; recent corporate reports and industry literature now suggest total proven reserves in the range of 750 MMBO. Seismic Technology Improvements to 2001: An Assessment of U.S. Operator and Vendor Needs, Gas Research Institute and Spears & Associates: Providence both contracted portions of this market survey and conducted first-hand market and government surveys and analysis in Calgary and Washington, DC to supplement subcontractor's work in US oil centers. A broad range of industry needs and support were identified for GRI research & development decision making. Seismic Unix Project, Colorado School of Mines and Gas Research Institute: This industry research consortium is one of several important projects receiving past support from GRI through Providence's contract. Providence benefits from the continued exposure to emerging technologies in numerous geophysical disciplines. 2D Seismic Evaluation of Royal Center Gas Storage Field, Gas Research Institute and Northern Illinois Public Service Company: This project tested high definition field acquisition and processing techniques using mini-vibrator technology and small, portable recording systems for reservoir characterization of gas storage reservoirs. |
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