I believe Full Waveform Inversion (FWI) has been oversold by the geophysical technical community. When FWI is labeled “the Ultimate Tool”, the “Final and Ultimate Solution“, the old timers in the industry get skeptical. Art Weglein wrote in an article in The Leading Edge (TLE) in October 2013: A central purpose of this article is to bring an alternative voice, perspective, and understanding to the latest geophysical stampede, technical bubble, and self-proclaimed seismic cure-all, the so-called … [Read more...]
Seismic Industry News, Comments, Trivia and Grumbles
It is very depressing nowadays to work in the oil-and-gas services industry. Massive layoffs all around us, Schlumberger cut 30,000 jobs out of a total of 120,000, Halliburton and Baker Hughes combined cut 27,000 jobs, Weatherford cut 20,000 jobs out of 56,000, ION cut 50% or more of its workforce, Chevron and Shell cut thousands of positions globally, Cameron, CGG, Devon Energy, Marathon Oil, BP, Noble Energy, the list goes on and on. It is not pretty to look at the stock values either, CGG … [Read more...]