The 12th Annual User Conference will be held on Thursday, February 15, 2018 at BHP's offices in Houston (Register here). As always this event will present details about improvements from the past year and a look at future plans, including a forum for suggestions on that future.
The conference is intended for geologists, geophysicists, engineers, leasing specialists, GIS professionals/techs, and managers. The exchange of ideas and directions for our future development are still the top priority of the conference; we will continue to aim for the informality and small size of past years. Registration is free, though somewhat limited, but we will do our best to accommodate all who wish to attend.
To attend the conference, please click here to register.
This year's conference will debut many advanced features for GOM3, particularly robust new data and analyses derived from existing information. This includes not only the display of seismic lines within ArcGIS (with a conversion tool for proprietary data), but also identification of salt, all within the new Geophysical Add-on. The last two newsletters have focused on the Tie-back tool and Bidding Forecasts in the Business Planning Add-on, advanced web-based tools to analyze and extract the best information and save large amounts of time. The next part of the Business Planning Add-on is detailed below.
Business Planning Add-on: Post-Sale Reports/Charts
The third component of the Business Planning Add-on, Post-Sale Reports/Charts, provides data analysis and visualization for previous lease sales. The reports highlight company and gulf wide behavior (i.e. oil prices, money exposed, number of bids, solo vs. group participation, etc.) for a range of sales or a specific sale going back to 1983.
A total of four types of compiled charts can be chosen:
Once the chart type is chosen and the companies/dates are entered, a zip file is emailed containing a pdf of the compiled charts. Most charts are straightforward, but two of the more complex charts are show below. First, this portion of a network graph shows competition between Chevron and Shell in sale 249. Gold lines indicate winning bids and the red portions of the pie charts are the portions of the bids representing ‘money left on the table’ beyond the second highest bid.
This circular plot shows all companies that partnered in sale 247. The lines in the center connect the partners and the widths of those lines represent the portion of each company’s bids that were partnered with the company on the other end of the line.