IPA PROFESSIONAL DIVISION
LUNCHTIME TALK DATE : Tuesday, February 18, 2003 TIME : 11:45 Hrs. VENUE: Golden Ballroom, Jakarta Hilton International Subject: "Amplitudes, Risk and all that Geophysical Malarkey" Speaker: Martyn Millwood Hargrave1 Dr. Rob Simm2 and Dr. Andrew Armour1 1 IKON Science Ltd 2 Rock Physics Associates Ltd. ABSTRACT At conference I recently attended, the explorer responsible for discovery of a 1.1 billion bbl STOOIP field stated proudly, "there was no Geophysical malarkey involved in the discovery of this field". He received a cheer of appreciation pointing to an almost visceral connection with the audience. Now, 'malarkey', meaning humbug, foolishness or nonsense, is an interesting choice of word. We take it to mean that there was some satisfaction in being spared the frustration and agony of incorporating geophysical information into the decision to drill that on previous occasions has proved confusing and even misleading. It points to a significant problem in the industry. The problem is that although it is recognised that seismic can show effects that are related to the presence of hydrocarbon (and if they are recognised as such they may be used to lower the perceived exploration, appraisal or development risk), the practice of using seismic information as an input to drilling decisions is not uniformly good or understood by all. In our opinion there is a good deal of 'malarkey' going on, particularly when unrealistic claims are made for the significance of amplitude information. Guarding against such 'malarkey' is the subject of this talk. FUTURE TALKS Suggestions and volunteers for talks are always welcome. Topics should be relevant to exploration and production in Indonesia and/or be of interest to a wide range of disciplines. Please contact the Luncheon Talks Chairman, Peter Butterworth, at VICO Indonesia, phone 5236018, e-mail: [EMAIL PROTECTED] and/or [EMAIL PROTECTED] - 2 - BIOGRAPHY Martyn has 23 years experience as a Geoscientist in the oil and gas industry, working in new ventures roles for oil companies (Trafalgar House Oil and Gas, Acre Oil and BG) and since 1990 in founding and developing oil and gas technology and consulting business's including IKODA and TROY-IKODA. In 2001 he was appointed managing director of IKON Science a quantitative Interpretation technology developer. Martyn has an Honours degree in Geology from Durham University UK and a post graduate certificate in Geophysics from Queen Mary College, University of London. He is an active member of SEG, GeoNetUK, Institute of Petroleum, and the Petroleum Exploration Society of Great Britain. COST : Rp. 115.000,00 (IPA Prof. Div. Member) or Rp. 135.000,00 (Non IPA Prof. Div. Member) excluding drinks, payable at the entrance of the Golden Ballroom; payment in cash is preferred. · Reservations and cancellations will be accepted until 15:30 hours on Monday, February 17, 2003. Phones: 572.4284-4286; fax: 572.4259; e-mail: [EMAIL PROTECTED] or [EMAIL PROTECTED] · No reservations and cancellations will be accepted after this time. · Members of the Ikatan Ahli Geologi (IAGI) (The Indonesian Association of Geologists) and Ikatan Ahli Teknik Perminyakan Indonesia (IATMI) are welcome. Please make sure that if you hold a reservation and are unable to attend that you notify the IPA Office as soon as possible otherwise you will be charged for cost of the luncheon. Titi Tabusalla Phone: +62 (021) 5724284, 5724285 Email: [EMAIL PROTECTED] Website: http://www.ipa.or.id -------------------------------------------------------------------------------- The 29th Annual Indonesian Petroleum Association (IPA) Convention and Exhibition, will be held October 14-16, 2003 at the Jakarta Convention Center, Indonesia Mark your agenda now, Don't Miss the biggest Petroleum Industry Event in SE Asia!