CERAWeek 2017 Energy Innovation Pioneers Houston, M arch 8th 2017 - - PowerPoint PPT Presentation

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CERAWeek 2017 Energy Innovation Pioneers Houston, M arch 8th 2017 - - PowerPoint PPT Presentation

Jun 09, 2023 255 likes •449 views

CERAWeek 2017 Energy Innovation Pioneers Houston, M arch 8th 2017 AGENDA History Why do the Industry need OBS? What is the core of our Technology? M arket 2 This is M agseis Founded 2009 First operation in 2013

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SLIDE 1

CERAWeek 2017

Energy Innovation Pioneers

Houston, M arch 8th 2017
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SLIDE 2

AGENDA

  • History
  • Why do the Industry need OBS?
  • What is the core of our Technology?
  • M arket
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SLIDE 3

This is M agseis

  • Founded 2009
  • First operation in 2013
  • Develop and operates

proprietary OBS equipment.

  • Head office in Norway
  • Branches in Stockholm,

Singapore and Brazil

  • Listed on Oslo Axess
  • 85 employees
  • Strong client base and QHSE

record

  • Set for rapid expansion
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SLIDE 4

M ove towards better subsurface imaging

Data quality

2D streamer 3D streamer High end 3D Waz, M Az OBS

1960s ~1990 2005-10 Today Source: M agseis 4

Exploration Field Development and IOR

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SLIDE 5

Towed Streamer Seismic Acquisition

P

P S P

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SLIDE 6

Seabed Seismic Acquisition

P PS PP

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SLIDE 7 Streamer data OBC 4C Top reservoir Albatross NW

OBS data acquired by M agseis

OBC area OBC area Streamer interpretation OBS interpretation Source: Statoil

OBS provides superior image quality

  • gaining market share over high-end streamer seismic
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SLIDE 8

Larger spread driving substantial cost reductions

100K

$ per.km²

25K

$

per.km²

2014 75km 2015 150km 2016 350km 2018 >600km

Cable length Large spreads - rolling operations M ultiple patch deployment 8 Source: M agseis
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SLIDE 9

M iniaturisation of 4-component seismic nodes

COM PETITOR M ASS

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SLIDE 10

Industrial inspiration - M iniaturization of the mobile phone

NOKIA Talkman - 1984 APPLE iPhone 2 - 2007

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SLIDE 11

M arine Autonomous Seismic System

M iniaturised node sensors Handling system Applications

ROV deployment Ultra deep water deployment Cable deployment 11
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SLIDE 12

M ASS - M arine Autonomous Seismic System

Cable deployment ROV deployment Ultra Deep deployment

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SLIDE 13

Red Sea S78 survey

Receiver line layout and seabed topography Combined cable and TZ deployment of 4C sensors Scale: v/ h=1

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SLIDE 14

ConocoPhillips North Sea project

Contract highlights

  • 4D, full-azimuth survey over Eldfisk field
  • ROV and source vessels operated by ConocoPhillips
  • M agseis provides crew, nodes and handling
  • Potential for repeat work

High capacity, mobile ROV operation

  • Unlimited capacity of nodes
  • M odular handling system
  • Very strong interest from clients
  • Smart operations
M ASS modular solution 14 Source: M agseis
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SLIDE 15

Strong market outlook

Source: M agseis/ Arkwright/ Rystad Energy 15 2020 2019 2018 2017 2005 2016 2 250 2 000 1 575 1 500 1 250 1 000 750 500 250

USD >650m

$ MILLION
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SLIDE 16

Growth strategy

  • T
  • wards $25K/ km²
Marlim Leste Roncador Parque das Baleia Valhall Eldfisk Thunder Horse Nowruz Albacora Lobster Parque das Conchas Grane Balder/Ringhorne/Jotun Andrew Champion Marlin Edvard Grieg Golden Eagle Area Development Dan Agbami-Ekoli Bonga Shearwater Torpille Marine Arne South Beryl Stones Jack/St Malo Nene Marine Bokor Buzzard Heidrun Ceiba Alwyn North Knarr Kristin Ravva Norne Captain Valemon Visund Clair Sepinggan Kvitebjorn BBLT Foinaven Akpo Salsa Bahar Shah-Deniz Cleeton Daman Offshore Dalia Snohvit Sole West 1 2 3 4 5 6 1 10 100 1000 Historical OBS surveys No observed OBS survey Source: M agseis/ Rystad Energy

COM PLEXITY

Reduced costs and maturity of technology
  • Key Goals
– Expand use of OBS through reducing costs > 50%
  • Business model:
– Operate large equipment spreads – Share pool of nodes across platforms – Build a flexible OPEX base
  • By 2020:
– Node pool of >30,000 nodes – 2-3 high capacity cable vessels – 2-3 modular ROV/ Node Deployer systems 16

FIELD SIZE (mmboe)

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SLIDE 17

Node Deployer

  • Nodes deployed at speeds from 1-2 knots
  • 1000 to 3000m water depth
  • 2 knots continuous speed
  • +/ - 5m from preplot
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SLIDE 18

ONE core technology – multiple applications

Node deployer for ultradeep waters 3-5 x ROV deployment speed ROV deployment supplying ultra-deep and infill around installations Cable deployment Unlimited coverage and amount of sensors Transition zone and land
  • 3000…
. 0 – 50… . Permanent Reservoir M onitoring
  • 70…
.. -800 Water depth M iniaturised node sensors M ASS generation I-II & III 18