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| comment | | "parent_author":"",<br>"parent_permlink":"india",<br>"author":"utkarshvarma",<br>"permlink":"oil-exploration-in-india-article-5-seismic-industry-status",<br>"title":"Oil Exploration in India- Article 5- Seismic Industry Status",<br>"body":"I wrote sometime back on status of seismic industry in India. You can find my article at .\nhttps:\/\/steemit.com\/india\/@utkarshvarma\/status-of-offshore-seismic-survey-in-india-for-oil-and-gas-exploration-for-india\n\nYesterday Schlumberger Q4 results were announced,<br> where in Chairman and CEO of Schlumberger announced the following:\n\n>\u201cWith the significant changes seen in customer priorities and buying habits in recent years,<br> we have also continued to evaluate the present and future return prospects for all of our product lines,<br> as we look to maximize all aspects of the Company\u2019s long-term financial performance. Based on this in-depth analysis,<br> the only product line that does not meet our return expectations going forward,<br> even factoring in an eventual market recovery,<br> is our seismic acquisition business. We have therefore taken the difficult decision to exit the marine and land seismic acquisition market,<br> and instead turn our WesternGeco product line into an asset-light business,<br> built on our leading position within multiclient,<br> data processing,<br> and geophysical interpretation services.\n\nSo,<br> after exit of Schlumberger,<br> there will be only 4 major international players,<br> Polarcus,<br> Shearwater and PGS,<br> CGG. Polarcus and PGS are not active in Indian market,<br> so leave only two international players active in India\n\n\nFull report at\nhttp:\/\/investorcenter.slb.com\/phoenix.zhtml?c=97513&p=irol-EventDetails&EventId=5266390\n\nSo,<br> after exit of Schlumberger,<br> there will be only 4 major international players,<br> Polarcus,<br> Shearwater and PGS,<br> CGG. Polarcus and PGS are not active in Indian market,<br> so leave only two international players active in India\n\nSo the question is: Is seismic industry dying or an opportunity for other players.\nIndia have few Land Seismic Companies,<br> and are doing a decent work,<br> however there is only once marine seismic company in India. Is there any opportunity for Indian investors for promoting Indian Marine Seismic Companies?\n\nSeismic Data Image: Taken from Google\n![seismic 1.PNG (https:\/\/steemitimages.com\/DQmTx8aQDwFrg6d31y9woEMy2jdZRSEYLyH1SVaCRMQXehb\/seismic%201.PNG) \n\n\n![seismic.PNG (https:\/\/steemitimages.com\/DQmVfiRZeB9mwEyWcfPBfqz1RcbMZ6LMNWG68XbeVBzVu3W\/seismic.PNG)",<br>"json_metadata":" \"tags\":[\"india\",<br>\"oil\",<br>\"exploration\",<br>\"blog\",<br>\"opportunity\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmTx8aQDwFrg6d31y9woEMy2jdZRSEYLyH1SVaCRMQXehb\/seismic%201.PNG\",<br>\"https:\/\/steemitimages.com\/DQmVfiRZeB9mwEyWcfPBfqz1RcbMZ6LMNWG68XbeVBzVu3W\/seismic.PNG\" ,<br>\"links\":[\"https:\/\/steemit.com\/india\/@utkarshvarma\/status-of-offshore-seismic-survey-in-india-for-oil-and-gas-exploration-for-india\",<br>\"http:\/\/investorcenter.slb.com\/phoenix.zhtml?c=97513&p=irol-EventDetails&EventId=5266390\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"utkarshvarma",
"author":"utkarshvarma",
"permlink":"oil-exploration-in-india-article-5-seismic-industry-status",
"weight":10000 |
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