UTEC: Appoints new Business Unit Director and is awarded milestone contracts in the Middle East

 

 

 

UTEC: Appoints new Business Unit Director and is awarded milestone contracts in the Middle East

UTEC, a global survey company in subsea services group Acteon, appoints Bill Hickie as Business Unit Director of its Middle East and Caspian operations and announces the award of multiple geophysical survey contracts in Saudi Arabia in conjunction with it’s in Kingdom partner, Zamil Offshore.

Previously with UTEC in the role of Global Director of Business Development for the Eastern Hemisphere Bill has developed strong relationships in the region and provides continuity for UTEC’s clients as he moves into this new role. Bill has over 12 years’ experience in the oil and gas industry, working internationally with companies including Ceona and Subsea 7.

The contracts which include multiple work-sites are for geophysical surveys in the Safiniyah, Marjan and Zuluf fields, offshore Saudi Arabia. UTEC will utilise the Zamil 51 offshore support vessel using a combination of multibeam and side scan sonar survey techniques. The projects will be executed out in January and February this year.

Stuart Cameron, UTEC Chief Executive Officer, said, “Having spent the past year with UTEC, Bill has been instrumental in driving business strategy and growth in the Middle East and these contract awards are a fantastic achievement and a great start to 2018.”

Bill Hickie, said, “Over the last two years we have been building our presence here in the Middle East in preparation for projects like this and have recently relocated to a new regional HQ in Abu Dhabi which supports all projects and operations in the region. During this time, we have taken our Middle East geophysical strategy from concept to reality and through our partnership with Zamil we are now executing geophysical surveys in the region.”

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ExxonMobil: Acquires exploration acreage offshore Ghana

 

 

 

ExxonMobil: Acquires exploration acreage offshore Ghana

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification.

Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in 2018. The Deepwater Cape Three Points block, located 57 miles (92 kilometers) off the coast of Ghana, measures approximately 366,000 acres (1,482 square kilometers) in water depths ranging from 5,085 feet to 9,350 feet (1,550 meters to 2,850 meters).

“The addition of this block reaffirms ExxonMobil’s commitment to pursuing high-quality projects in areas with large resource potential,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We are excited to partner with the government of Ghana as we employ our significant upstream experience and technological expertise in assessing the exploration opportunities in this block.”

ExxonMobil will carry out the work program as operator, and holds 80 percent interest. Ghana National Petroleum Corporation holds 15 percent interest. ExxonMobil will work with the government to identify a Ghanaian company to potentially hold up to 5 percent interest.

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Energy Analyst Kojo Opoku has praised Ghana’s new oil deal with Exxonmobil Corp, describing it as the ‘best deal’.

President Akufo-Addo after a meeting with officials of Exxon Mobil Thursday urged the company to help develop Ghana’s oil sector.

The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender due to the nature of the field, where the depth ranges from 2,000 to 4,000 meters.

The deal which yet to be approved by Parliament is the first to be signed after the International Tribunal for the Law of the Sea last September drew an ocean boundary favoring Ghana in a dispute with its neighbor Ivory Coast.

Exxon Mobil, lead operator, holds an 80-percent interest in the DWCTP, while state-run Ghana National Petroleum Corporation holds 15 percent. Exxon is yet to select a local partner to own the remaining 5 percent as Ghana’s laws requires.

Commenting on the pact, Mr. Opoku told Francis Abban on the Morning Starr Friday that Ghana stands to benefit from the arrangement without incurring any cost.

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Schlumberger: To Exit Land, Marine Seismic Acquisition Business

 

 

Schlumberger: To Exit Land, Marine Seismic Acquisition Business

Oil-services giant Schlumberger Ltd. (SLB) said it will exit the marine and land seismic acquisition market and transform its WesternGeco product line into an asset-light business over concerns about future returns.

Seismic acquisition involves generating and recording data about the composition of rocks or fluid content deep underground. Schlumberger recorded a $198 million impairment charge on its seismic data operation in the third quarter.

WesternGeco is a part of the company’s Reservoir Characterization Group, where fourth-quarter revenue declined 8% sequentially and 2% from the prior year.

“The only product line that does not meet our return expectations going forward, even factoring in an eventual market recovery, is our seismic acquisition business,” Chief Executive Paal Kibsgaard said.

Shares fell 2.2% to $74.68 during premarket trading. The stock is down 12% over the past 12 months.

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BGP: Sues Kenya based UK oil company

 

 

 

BGP: Sues Kenya based UK oil company

A firm prospecting for oil and gas in Lamu is locked in a court battle with its sub-contractor over a Sh90 million debt.

BGP Kenya has taken Zarara Oil and Gas Limited to court for failing to settle $873,561 (about Sh90 million) payment for services offered. BGP claims that it was engaged by Zarara to undertake seismic surveys on blocks L4 and L13 but only part of its debt was settled.

Zarara has been prospecting for gas and oil in Pate island, Lamu East.

“The defendant has for a period of over four years neglected and or declined to fully settle its debt herein but has instead elected to shift goal posts and give the plaintiff empty promises on payment of the same despite having fully acknowledged the debt and confirmed the outstanding amount,” says Zhao Enhui, the BGP general manager.

BGP says it fears that Zarara might silently dispose of its interest in the two blocks and exit the country, arguing that in such a scenario it lacks recourse since the firm has no known assets in Kenya.

The firm wants the High Court to restrain Zarara from disposing of the two blocks until it settles the claim. Zarara is the main operator on the two blocks with a 75 per cent stake, while Swiss Oil Holdings controls 15 per cent with the remaining 10 per cent interest held by the Kenya government.

Zarara has, however, filed a separate application requesting the High Court to refer the dispute for arbitration.

The firm says their agreement provides for all disputes to be resolved through arbitration in accordance with the Rules of the London Court of International Arbitration.

Zarara further claims that the payment for the alleged services was disputed due to sub-standard work, adding that the firm has maliciously jeopardised its interests in the two blocks.

The firm denies allegations that it plans to dispose of the blocks, terming them unsubstantiated.

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BGP: CNPC registers in Roumania

 

 

 

 

BGP: CNPC registers in Roumania

BGP Inc., China National Petroleum Corporation (CNP) Hebei, Bucharest Branch was registered with the Trade Registry, according to data published in the Official Gazette of January 19th. The company has filed for registration in Romania on December 14th.

The company’s empowered is Guo Zhengfei, based in China.
BGP Inc. is part of China National Petroleum Corporation and provides geophysical services, as well as delivers technologies, services, and equipment for 200 oil and gas customers from 53 countries. Established in 1961 in China, BGP services include onshore, marine, TZ and shallow water, borehole, and micro-seismic data acquisition; seismic data processing and interpretation; GEM and geo-chemical services; and reservoir geophysics.

The company also manufactures geophysical equipment that include vibrators, seismic data recording systems, drilling rigs, desert vehicles, and swamp transportation tools. In addition, it provides information technology (IT) services, including IT planning and consulting, ERP, information system software research and development, project implementation, system operation and maintenance, system integration, digital oilfield, industrial control meter, intelligent building, information security, finance, business intelligence, data center construction, and maintenance, etc.

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Schlumberger: Q4-17 and FY-17 Results

 

 

 

Schlumberger: Q4-17 and FY-17 Results

Highlights

  • Fourth-quarter revenue of $8.2 billion increased 3% sequentially
  • Fourth-quarter pretax operating income of $1.2 billion increased 9% sequentially
  • Fourth-quarter GAAP loss per share, including charges of $2.11 per share, was $1.63
  • Fourth-quarter EPS, excluding charges, was $0.48
  • Full-year and fourth-quarter cash flow from operations were $5.7 billion and $2.3 billion, respectively

Full-Year Results

(Stated in millions, except per share amounts)
    Twelve Months Ended Change
    Dec. 31, 2017 Dec. 31, 2016 Year-on-year
Revenue   $30,440 $27,810 9%
Pretax operating income   $3,921 $3,273 20%
Pretax operating margin   12.9% 11.8% 111 bps
Net loss (GAAP basis)   $(1,505) $(1,687) n/m
Net income, excluding charges and credits*   $2,085 $1,550 35%
Diluted EPS (loss per share) (GAAP basis)   $(1.08) $(1.24) n/m
Diluted EPS, excluding charges and credits*   $1.50 $1.14 32%
         
*These are non-GAAP financial measures. See section below entitled “Charges & Credits” for details.
n/m=not meaningful

Full-year 2017 revenue of $30.4 billion increased 9% year-on-year. This included a full year’s activity from the acquired Cameron businesses as compared to three quarters of activity in 2016. Excluding the addition of Cameron, revenue growth was driven by land activity in North America, which increased by 82% in line with the increase in rig count. Full-year Production Group revenue increased 21%, Reservoir Characterization Group revenue improved 2%, and Drilling Group revenue declined 2%.

Full-year 2017 pretax operating income grew 20% and pretax operating margin of 13% expanded 111 basis points (bps). This was driven by improved profitability in North America due to the growth in land activity that benefited both the Production and Drilling Groups.

Fourth-Quarter Results

(Stated in millions, except per share amounts)
    Three Months Ended Change
    Dec. 31, 2017 Sep. 30, 2017 Dec. 31, 2016 Sequential Year-on-year
Revenue   $8,179 $7,905 $7,107 3% 15%
Pretax operating income   $1,155 $1,059 $810 9% 43%
Pretax operating margin   14.1% 13.4% 11.4% 73 bps 272 bps
Net income (loss) – (GAAP basis)   $(2,255) $545 $(204) n/m n/m
Net income, excluding charges and credits*   $668 $581 $379 15% 76%
Diluted EPS (loss per share) – GAAP basis   $(1.63) $0.39 $(0.15) n/m n/m
Diluted EPS, excluding charges and credits*   $0.48 $0.42 $0.27 14% 78%
             
*These are non-GAAP financial measures. See section below entitled “Charges & Credits” for details.
n/m=not meaningful

Schlumberger Chairman and CEO Paal Kibsgaard commented, “We closed the year with fourth-quarter revenue growing 3% sequentially while pretax operating income rose 9%. Sequential growth was driven by strong activity in North America, Saudi Arabia, and Latin America, while revenue in the Europe, CIS, and Africa Area seasonally declined. Earnings per share of $0.48, excluding charges, were 14% higher than the third quarter.

“Among the business segments, the fourth-quarter revenue increase was led by the Production Group, which grew by 7%. Production Group performance was driven by strong international activity, with more than 20% sequential growth in Saudi Arabia, Russia, and Argentina. In North America land, revenue grew 6% following the redeployment of additional pressure pumping fleets, despite a slight sequential decline in market activity.

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Fugro: Undertakes surveys for UAE Hail and Ghasha Gas development

 

 

 

 

Fugro: Undertakes surveys for UAE Hail and Ghasha Gas development

Fugro has commenced a programme of geophysical and geotechnical surveys for Artelia, Abu Dhabi as part of the Hail and Ghasha development, a landmark project by the Abu Dhabi National Oil Company (ADNOC).

Located offshore in the Arabian Gulf, the Hail and Ghasha gas development is part of ADNOC’s largest sour gas field project and directly supports the company’s strategy to unlock its developed sour gas reserves to ensure a sustainable and economic gas supply to the United Arab Emirates.

Fugro’s ability to provide turnkey survey solutions was a key factor in the award of the contract following a highly competitive bidding process. In order to meet the fast track schedule Fugro mobilised to the Ghasha field with specialised equipment including self-elevating platforms for geotechnical work and crew accommodation. In the Hail field, an inter-tidal shoal area, it is conducting surveys with amphibious buggies while in deeper water, marine geophysical and bathymetric surveys are being performed using its state-of-the-art survey vessel, Fugro Proteus.

“We’re meeting the requirements of this key project with our expertise in both geotechnical site investigation and marine survey,” explained Chris Arnott, Fugro’s Project Delivery Manager. “The geotechnical workscope includes boreholes, grab samples, vibrocores, cone penetration tests, pressuremeters and down hole seismic.” Bathymetric, multibeam echo sounder, tide gauges, ultra high resolution seismic sub-bottom profiling, magnetometer and side scan sonar make up the geophysical survey activities at the site.

Louis Burnard, Fugro’s Country Manager, UAE added, “Our involvement in this strategic project for the United Arab Emirates further strengthens Fugro’s relationship with ADNOC. It follows more than 30 years of collaboration across all of the company’s subsidiary operating companies in Abu Dhabi.”

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CGG: In support of SNH for 2018 Cameroon Licensing Round

 

 

 

CGG: In support of SNH for 2018 Cameroon Licensing Round

CGG announced today that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

The Licensing Round opened on 15th January 2018 and will close on 29th June 2018. Roadshows will be held in London on 28th February to 2nd March 2018 and in Houston on 7th to 9th March 2018, with the participation of specialists from both SNH and CGG.

Cameroon is a proven hydrocarbon province with oil and gas production from both the Rio Del Rey (RDR) and Douala/Kribi-Campo (DKC) basins. Significant further opportunities exist for commercial hydrocarbon accumulations in both basins with large tracts of open acreage available, particularly in the DKC basin. Recent new petrophysical and geophysical analyses have identified potential missed opportunities from previous exploration, and there is even more potential for large volumes of hydrocarbons to be present across these increasingly prospective basins.

The TerraCube™ suite of integrated data packages of the onshore/offshore DKC and RDR sedimentary basins will offer oil and gas explorers access to workstation-ready 2D and 3D seismic, well data and interpretative products, with unrivalled coverage, enabling them to make a rapid technical evaluation of the hydrocarbon potential of the blocks on offer.

Jean-Georges Malcor, CEO, CGG, said: “The 2018 Licensing Round offers exciting opportunities for the international oil and gas industry to add strategic acreage positions with significant potential in proven hydrocarbon-bearing basins in Cameroon. With the integrated well and seismic packages, CGG is making available, in partnership with SNH, interested oil and gas companies will be able to focus on identifying the petroleum prospectivity for the available blocks.”

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Shearwater GeoServices: Awarded large seismic survey for Total and Eni

 

 

 

Shearwater GeoServices: Awarded large seismic survey for Total and Eni

Shearwater GeoServices (“Shearwater”) has been awarded a 10,000 square kilometer marine seismic acquisition services contract by Total and Eni for their 2018 exploration program located approximately 300 kilometers offshore Myanmar.

Shearwater will deploy the vessel “Polar Empress” for the survey which is expected to take about six months, commencing in January 2018.

Irene Waage Basili, CEO of Shearwater commented, “We are pleased to be awarded this significant contract with two oil majors known for their high HSE & quality standards and requirements for leading operational performance. Shearwater has undertaken a significant effort since its inception to pre-qualify for work with major oil companies. We see this recent award as a validation of that strategy, and appreciate the positive engagement of our clients to achieve this”.

Total and Eni are the operators of the two blocks to be surveyed, YWB and MD-04, off the coast of Myanmar.

The “Polar Empress” vessel was built in 2015, has a capacity of up to 22 streamers, and is one of the most powerful and efficient seismic vessels in the world.

This contract is the second significant recent award to Shearwater, following the November award by an NOC for a 5-6 months contract for which it started mobilizing the vessels “Polar Duchess” and “Polar Marquis” in December.

“The seismic market remains challenging, but on the back of a solid operational performance in 2017 in combination with recently awarded contracts, Shearwater is well positioned through the winter season and for 2018 as a whole”, said Irene Waage Basili.

Shearwater GeoServices is a marine geophysical services company jointly owned by GC Rieber Shipping ASA and RASMUSSENGRUPPEN AS.  The company has a fleet of four modern seismic vessels, a broad offering of high quality geophysical services including advanced software, processing and acquisition techniques, and two owners with complementary skills and collectively a long experience in the industry.

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DownUnder Geosolutions: HPC Optimizes Energy Exploration for Oil and Gas Startups

 

 

 

 

DownUnder Geosolutions: HPC Optimizes Energy Exploration for Oil and Gas Startups

In its quest to meet the world’s ever-increasing demand for energy, the oil and gas industry has become one of the largest users—and leading innovators—of high performance computing. As natural resources deplete, and the cost of accessing them increases, highly sophisticated computational modeling becomes an essential tool in energy exploration and development.

Advanced computational techniques provide a high-fidelity model of the subsurface, which gives oil and gas companies a greater understanding of the geophysics of the region they propose to explore. A clearer picture of the earth enables targeted drilling, reduced acquisition costs, and minimal environmental impact. In an industry where time is money, powerful and sophisticated computational modeling provides a competitive advantage.

Finding economically viable reserves is akin to finding a needle in a haystack. The journey from green-field exploration to first-oil is long and expensive. Energy companies rely heavily on seismic data, and the modeling derived from the data, to provide insight and guidance to the exploration process. When an exploration well in deep water can cost more than $100 million (US), the cost of drilling inaccurately is enormous. High quality and fast processing and analysis of seismic data are paramount to a successful exploration and development program.

A single seismic survey can result in hundreds of terabytes of data and require many months of processing on some of the world’s largest supercomputers. Converting the raw data into useful models of the subsurface requires complex algorithms, highly tuned for the most sophisticated computer hardware. The seismic processing industry has been at the forefront of implementing innovative computational techniques, hardware, and advanced cooling solutions as it continues to demand the most efficient HPC to deliver its service.

Based in Perth, Australia, DownUnder GeoSolutions (DUG) is a leading global geoscience company that provides essential services to energy companies to enable them to accurately locate new and productive sites for hydrocarbon extraction. From its four sites in Perth (Australia), London (UK), Kuala Lumpur (Malaysia), and Houston (USA), DUG offers a wide range of products and integrated services for oil and gas exploration and production. To achieve this, DUG requires enormous compute power for processing and imaging seismic data and generating high-resolution models of the subsurface.

Growing from humble beginnings in 2003, in a shed in the founding partner’s backyard, DUG has grown to become a major service provider for the oil and gas industry. Investing heavily in research, development, and advanced technologies has enabled DUG to undertake some of the largest processing projects in the industry.

The process of developing a high-quality, three-dimensional (3D) model of the Earth’s subsurface is extremely complex. First, a seismic survey is performed, which records the reflected sound waves from hundreds of thousands of sound impulses made on the Earth’s surface. This data is then processed to remove various types of coherent and random noise, leaving just the primary signal of interest. The reflectors in the data are then spatially located using an earth model, into a 3D volume, producing images of the reflectors in the subsurface. From this data set, the earth model can be updated and the imaging performed again. Many iterations of refinement lead to a very accurate earth model and correct placement of the reflecting geological layers beneath the Earth’s surface.

A processing cycle such as this can take many months to complete. And the compute requirements for a geophysics company continue to increase, with survey areas constantly growing, and with increasing shots and receiver densities. These factors have led to a data explosion, where a project’s input data is measured in hundreds of terabytes.

Simultaneously, processing is using increasingly complex computational methods, which produce more accurate images and earth models at the expense of floating point operations per second (FLOPS). Upgrading to a more accurate computational algorithm can lead to an orders-of-magnitude increase in the computational effort required.

Couple the increased computational requirements with decreasing project timelines and the result is an environment where fast, powerful, efficient HPC is crucial.

DUG adopted and implemented massive clusters based on the Intel Xeon Phi 5110. co-processor. While this computing environment was sufficient to meet current demand, it did not have the capacity for the company’s growing customer base and new technologies.

DUG wanted a flexible and powerful HPC system that could handle large-scale seismic processing and imaging, address escalating demand for advanced algorithms, increase operational efficiency while reducing total cost of ownership, integrate into the DUG ecosystem, and effectively leverage the years of code and algorithm optimization undertaken.

DUG worked with Intel to develop an innovative, energy-efficient solution capable of handling the demanding workloads and escalating compute demands. DUG complemented its existing systems with thousands of the latest systems based on the Intel Xeon Phi processor 7210. Each processor has 64 cores and handles up to 256 simultaneous threads for fast, seamless processing. The clusters are homogeneous and all algorithms can run on the same CPUs, so DUG does not need to target different parts of the cluster with different algorithms. The homogeneous cluster also enables DUG to optimize and prioritize workload scheduling and to process a single job across the entire cluster for faster results.

DUG upgraded its Houston supercomputer, nicknamed “Bubba,” with Intel Xeon Phi processors, doubling its compute power to 12 petaflops single-precision. The company is now upgrading its Houston computer room to give Bubba the ability to grow to a 120-plus PF machine by 2018. DUG is upgrading its other supercomputers, “Bruce” (Perth), “Bohdi” (Kuala Lumpur), and “Bazza” (London) to coincide with new offices and data centers currently under construction. DUG is moving toward an exascale system based on Intel Xeon Phi processors in 2018.

The new supercomputers enable DUG to reduce run times, increase efficiency, and extend the company’s capabilities. Bubba can now run 12,900 square kilometers of 5-kilometer aperture pre-stack migration, or 7,200 square kilometers of large aperture 3D SRME (3D surface-related multiple elimination) in 24 hours. DUG’s HPC environment can run the latest emerging techniques, such as large-scale full waveform inversion (FWI), which uses the entire seismic wavefield to generate high-resolution velocity models for imaging and characterization. The new machine is able to run 3D FWI up to high frequencies of 60 Hz, for example.

DUG also uses other cutting-edge technologies in its data center. One remarkable innovation is its unique modular cooling system, in which servers are immersed in circulating dielectric fluid, eliminating the need for fans and offering considerable energy savings. Combining the Intel Xeon Phi processor with DUG’s proprietary cooling method has enabled the company to significantly reduce its computer footprint and has reduced power consumption by 40 percent. The running costs of HPC systems are commonly evaluated using the power usage effectiveness (PUE) metric. DUG has achieved a PUE of 1.05, considerably better than the PUE of high-efficiency “green” data centers.

Moving to Intel Xeon Phi 7210 processors  in DUG’s Houston, London, Kuala Lumpur, and Perth data centers enables greater supercomputing power in significantly smaller spaces. The improved processors require less peripheral equipment on the motherboard, use less energy, and reduce the space required for housing the equipment. This has allowed DUG to install systems with more than 10 petaflops into less than 100 square meters of floor space in a normal office building.

DUG provides hardware and software to marine geophysical company Polarcus*, fitting out its fleet of seagoing vessels for marine seismic data acquisition. Dr. Stuart Midgley, DUG’s systems architect, notes that space is very limited on each vessel, so the onboard supercomputing system must be extremely powerful for data processing and imaging, yet consume minimal electrical power and occupy a limited footprint.

“Marine seismic acquisition has unique restrictions. We can only have a few hardware racks onboard and are limited in weight, space, power, and cooling,” Midgley explains. “All our seagoing systems utilize Intel Xeon Phi to get the maximum supercomputing power in the smallest space allotted. Previously very limited fast-track processing could be delivered; however with the Intel Xeon Phi onboard we can provide denoised, 3D-demultiple, and imaged products in the time it takes the vessel to get back to port.” DUG hardware and software solutions provide industry-leading onboard processing.

Midgley stressed that DUG’s ongoing investments in the latest HPC technology from Intel is a competitive advantage for the company. “The oil and gas industry faces major challenges every day,” he says. “Our clients know that we can provide better quality data and faster insights than our competitors. Even in a downturned market we are expanding and taking on the most challenging projects in the industry.”

According to Midgley, Intel technologies dramatically reduce the time required to accomplish the task. “With Intel’s support, every optimization we do for our systems running the Intel Xeon Phi processor 7200 increases performance of DUG’s technology,” he points out.

Many other innovative HPC technologies from Intel such as Intel Solid State Drives and its Ethernet networking have improved DUG’s data quality, accuracy, and analysis speed. As a result, DUG’s supercomputing systems run faster, more reliably, and have improved energy efficiency. The new processors provide more FLOPS-per-watt by utilizing less electricity, while simultaneously delivering much faster computing. Enterprise-grade equipment means data integrity with full data checksumming, from DRAM all the way to bytes on spinning platters.

Midgley explains that Intel technology has helped DUG meet its large-scale challenges. “For one very large project, the surveyed area covered 24,000 square kilometers and had 200 terabytes of raw input data,” he says. “The latest Intel Xeon Phi processors allowed us to accomplish in seven to eight months what previously would have taken years.”

DUG’s research and development team design, code, and optimize the numerical algorithms to take full advantage of the Intel Xeon Phi processors. This has resulted in the shortest time-to-solution in the industry—while utilizing the highest quality algorithms and without compromising data quality. No shortcuts were needed.

Despite the added computing power, the latest CPUs require less energy to perform the computation-heavy tasks. “At our facilities, we have limits on the amount of power we can access,” Midgley says. “Lower energy consumption by the processors means we can get more flops within our energy budget.”

The latest  processors and other HPC technologies from Intel enable DUG to process its client’s data faster, more efficiently, and more accurately. The solution is energy efficient and requires less physical space than most supercomputers. DUG clearly sees a positive return on its investment in HPC technology, and, in turn, is able to deliver better services at a lower cost.

Midgley believes the new HPC adds to DUG’s value proposition. “Every advancement in supercomputing performance DUG adopts allows us to obtain higher-quality geophysical data at an even higher fidelity and return more insightful information to our clients,” he says. “This empowers them to make the most informed decisions about new drilling sites and maximizes the potential return from each hydrocarbon reserve. Intel’s investments in HPC technology are central to our business. Every improvement in performance is a competitive advantage for us.

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