IHS Energy Offers U.S. 3-D Seismic Outline Database
Survey outlines help companies leverage existing data, saving time and costly duplication
HOUSTON (July 6, 2005) – IHS Energy, a global source of oil and gas analytical software and consulting services, announced today it has launched a new product, U.S. 3-D Seismic Surveys, following the company's acquisition of a database of U.S. 3-D seismic surveys from Terra Ventures, Inc. of Houston. The acquired surveys were previously marketed under the names Terrabase™ and 3-D Network™.
With the acquisition of this database of more than 3,300 U.S. onshore seismic surveys, IHS Energy can provide this new data layer alongside its well logs, well, production and pipeline data in its data access and integration platform, IHS Enerdeq™, or as shape files to import into industry-standard mapping programs.
“We can now offer U.S. oil and gas companies another critical technical information layer that will aid their workflows and decision-making – saving them time and potentially thousands of dollars by promoting immediate access to locations and detailed information for existing 3-D data,” said Scott Key, senior vice president of Strategic Marketing. “Without these surveys, it is not always readily apparent whether seismic data exists for an area, and in many cases, costly new seismic is shot when it really isn't necessary. In addition, operators can use this data to discover new opportunities, identify potential drilling partners, gain access to data not available on the open market, or even broker their existing surveys.”
With more than 10 years of seismic history, each survey may have as many as 20 associated attributes, ranging from vintage to current owner and bin-orientation. The product is available by subscription, and updates and additional surveys will be added quarterly. View more information on the U.S. 3-D Seismic Surveys.
“As the leading provider of oil and gas data in the U.S. , IHS Energy was the logical choice to acquire this database of 3-D seismic outlines,” said Tricia Dark, president of Terra Ventures. “Integrating these outlines into IHS Energy's map-based applications gives the customer more information to make decisions more quickly, which is a competitive advantage. In addition, IHS Energy has a long history of enhancing and managing databases, so data quality will be assured.”
IHS Energy enables oil and gas companies worldwide to create and maintain best-in-class decision-making processes by providing and integrating essential E&P information, intuitive software and consulting services. IHS Energy is an operating division of IHS Inc. (www.ihs.com). IHS is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics, and automotive.