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With the EAGE St.Petersburg taking place in April - what are you looking to achieve through this event?

We hope, as in 2006, that this will be a very successful meeting for all involved. With the current buzz surrounding the regions geo market we hope more people will be find the solutions they seek for their businesses. Basically, we are looking to put the latest technologies from the region and around the world in front of the end users.

What technologies do you think will steal the headlines at this year show?

Well that's a tough question . . . I think that simultaneous pre-stack migration, Q-technologies and sparse surveys are found to be the most important in geophysics - these will be among the technologies to look out for at the show.

With more and more international players looking to enter the regions geophysical sector, how do you see them integrating with local Russian competitors?

There are different methods to get integrated in the Russian geophysical sector and different companies chose different strategies. It looks likely that partnership with Russian companies may be a good option and we see more and more international companies taking this route.

What major investments are planned for exploration in 2008? And are there any state incentives for growth in this area?

Investments into exploration are numerous with most majors planning some sort of exploration spend. It also seems that the State is going to accelerate exploration in East Siberia to make sure that sufficient amount of oil is available the East Siberia - Pacific Ocean pipeline. It is a tremendously ambitious project which needs a lot of investments, hard work and luck in exploration and related activities

What regions do you see as being a hotbed of exploration activity in the coming couple of years?

Aside from East Siberia mentioned in the previous answer, a number of areas will prove to be exploration "hotbeds" in the coming years including Timan-Pechora, offshore Far East and Caspian - I think these areas are likely to of key interest in terms of exploration.

With the Russian artic being touted as the final frontier for hydrocarbon exploration, will the harsh and remote environment hold back exploration studies?

On the contrary, as I know almost all major oil companies are involved in studies of exploration potential of the Russian Arctic.

Of course explorers are going to face the most difficult, sensitive and challenging environment ever found, let's not forget the difficulties of working in such conditions. But despite these issues, interest in the hydrocarbon potential of this area will grow massively, providing new and exiting opportunities for regional majors and providing a huge market to the local and international geo-industry.

Even with such interest and potential, it will take no less than a decade to evaluate the full potential of this area.

Is there a demand for geophysical technologies on current brown field sites?

Demand for geophysical technologies in brown field developments will be on the rise for years to come. This is due mainly to the current state of affairs in brown field site and of course the strong oil price.

How will the marketplace have changed before EAGE St.Petersburg 2010 takes place?

I think it is clear that exploration developments are on the rise and that the oil business will be supporting many of us by EAGE 2010 and well beyond.

The Russian oil industry will become more consolidated and quality G&G services will be in greater demand with many new and exiting projects underway. Additionally the development of Russia's harsh and sensitive regions, a lot more emphasis will be placed on correct geo technology development.

Labels: EAGE, KONSTANTIN SOBORNOV, oil gas russia, rogtec, St Petersburg

posted by The Rogtec Team @ 15:23 

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