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Rune Eng: multi-client man region. We now employ a team of end of this value chain. At all stages geoscientists who use geological we can add value by integrating

Before joining Spectrum in 2010 knowledge combined with any remote sensing exploration

Rune Eng held various executive available seismic or remote sensing technologies to improve the quality positions at Petroleum Geo-Services data to evaluate the hydrocarbon and bandwidth of imaging for (PGS). He also has a broad range of potential of offshore basins around the client. If there was a hybrid experience in the seismic industry, the world. company that sits between seismic principally with Fugro-Geoteam,

Geology & Geophysics This information helps us to companies and oil companies, that

Sevoteam, an operating company select prospective regions where is Spectrum and we are getting involved in offshore seismic studies, our multi-client projects can target there.

and Digital Equipment Computing plays key to the industry, or (DEC), a company which promotes identify new, unrecognized Inevitably people will compare the use of reservoir simulation in the potential-plays. you with TGS which has been oil industry.

Our seismic expertise then extremely successful specializing enables us to solve the imaging in multi-client. Are you following challenges and allow our clients to the same business model?

make better exploration decisions Spectrum have been likened to with the data they purchase. a mini-TGS by some industry analysts. That is not something

What is the value of multi-client we would argue against. Investors seismic surveys to oil companies, have seen the success of TGS and and how do they differ from appreciate the asset-light nature of exclusive surveys? the business model. For example,

Just 10 years ago it was important we are using technology to the for oil companies to own their extent that we want to enhance our seismic data. They were using multi-client data, though we have seismic as a competitive advantage no major R&D spending.

and ring fencing any proprietary However, our vision is to information. differentiate ourselves in the 2D Over the years the culture has market so that we are delivering changed signi? cantly. We now companies with prospects rather see a greater level of transparency than data. We have to be able to and oil companies now prefer to companies which resulted in the give them the results of previous compete on the interpretation of multi-client model becoming more wells and tell them why they were data rather than on the data itself. widespread and accepted. dry. We have to think like an oil

Owning data is expensive and going company and develop exploration back 20 years oil companies used Rumour has it that you are play understanding that focuses to have their own in-house seismic developing an expanded model our risk-reduction work? ows. departments and assets. for multi-client surveys. What To develop our own exploration Operations within oil companies does that look like? plays, we are employing former are being increasingly streamlined My vision for the company is that exploration managers from oil to allow them to concentrate on when a client enters our interactive companies who are the ‘storytellers’ their core subsurface assets, rather data room with a global map of in our company and they bring than supporting businesses such as seismic data they will ask for credibility to the logic and passion seismic. information on a region and we will of the understanding through the As a result of these changes, call in our relevant expert who will speci? c experience they have 2012 has been a peak year in have an encyclopedic knowledge of gained. seismic. Global multi-client that region. We aim to astound the investment will exceed client with our in-depth analysis of Without giving away any secrets,

US$2 billion. This ? gure accounts seismic data, play types, and local where do you see as the most for the revenues from various licensing knowledge of basins from prospective areas of the world different multi-client seismic around the world. for future exploration? Can we providers such as WesternGeco, I see the seismic value chain expect any surprises like offshore

TGS, CGG, PGS, Spectrum and, to as starting with airborne gravity East Africa and the eastern some extent, Dolphin Geophysical. magnetics, moving to 2D lines, Mediterranean?

This growth is thanks to the in? lling those lines, then 3D Brazil’s Northern Margins is an area changes within the structure of oil seismic, and we want to be at the where we predict big discoveries in

OE | March 2013 oedigital.com 38 oe_spectrum_rev1.indd 38 27/02/2013 11:39