Javier Rubio
General Manager
View from the Top

Moving Undergrounds Data to the Cloud

Wed, 10/25/2017 - 12:01

Q: What are the main trends for Geoprocesados’ customers and how are you preparing to tackle them?

A: In the last few years, data management for new operators has emerged as a big opportunity. The amount of data that operators are receiving from regulators is massive. Sometimes operators, especially the new ones, are not used to managing all this subsurface information and have difficulties because the data is very specific, with seismic data, gravity data, magnetics, wells, maps, reports and a lot more information. If the data is not properly managed, efforts could easily be duplicated. We have developed a solution to manage all the subsurface data from operators under a cloud environment in partnership with a company in Norway. This solution facilitates access to all the subsurface technical information, from anywhere in the world, on any device. It is possible to graphically view the location of the blocks, wells and the status of a seismic study. Operators can even remotely access their seismic and other information and collaborate with groups in other locations.

Q: To what extent are the multiclient ARES contracts working and what are the difficulties with this model?

A: We believe that the market in multiclient seismic is very different for offshore than for onshore. The offshore market is pretty well covered right now. We would like to focus on boutique solutions for onshore seismic that could add value for operators looking for more specific data and not just the typical imaging solution for offshore projects. However, the way the ARES are legally structured means a company first must apply for an ARES permit and then do the seismic study. Care must be taken to match this application process with the timing of the rounds, otherwise a study could be released after a block was already assigned. A study takes from six months to one year to conclude. If that study is not marketed fast enough and the block is already assigned to a company, then the potential market is reduced to one company, namely the operator that won the block. In Mexico, the system differs from the US, where there is a much larger pool of potential clients. In Mexico, there are more long-term contracts so we need to be very careful with the kinds of solutions that we are offering and the timing. It is necessary to ensure profitability with the different players that want to participate in a licensing round.

Q: In the context of the large number of blocks being released for bidding in Rounds 2.4 and 3.1, how does that impact Geoprocesados?

A: We are trying not to get distracted by the different companies that are trying to enter the market. Our model is to be very focused on our existing clients, making sure that they are receiving the best quality from us. Once new operators have won their blocks then we start to work with them, making sure that we are adding value in the specific area they have won. We have the advantage of having worked in exploration in Mexico for over 20 years. We know all the basins and the challenges that operators will face in the different regions. When a new operator is launching operations or planning to start exploration within a block, it is much more effective for us to approach it and explain exactly how we can add value to its process. 

Q: How does Geoprocesados contribute to PEMEX’s data processing, reprocessing and its field management?

A: Our most important contribution is that we do not consider ourselves purely a processing or an imaging company. We have a very large group of geologists, petrophysicists and engineers working integrally with the people processing the data. For us, the value is that from the start we approach the project with the client’s final objective in mind. If the client is planning to drill a prospect and focus on a particular type of reservoir, we start working with the seismic from the very early stages. We then involve the specialists further along in the project. They will work with the data to address that operator’s specific needs. Our approach with PEMEX is that we always see the projects in an interdisciplinary and integral way.