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Fairfield Geotechnologies wins processing contracts

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Oilfield Technology,

Fairfield Geotechnologies has been awarded two processing projects in core areas.

The first project, scheduled for November 2018 delivery, is 67 OCS blocks of reverse time migration in the Gulf of Mexico. The second is a 552 miles2 pre-stack depth migration in the Delaware Basin that includes the merging of existing data with new acquisition, slated for final completion in March 2019.

Since the company has moved to cloud-based computing, it anticipates a significant reduction in project turnaround time. Tom Scoulios, SVP of Geosciences and Chief Technology Officer of Fairfield Geotechnologies expects computational speeds five times faster than what could be achieved with on-premises computing. Scoulis said: “Our initial move to cloud computing was very encouraging. And we have yet to approach the limits of cloud scalability for these complex imaging projects.”

“The transition to cloud computing represents our commitment to delivering the most cost-effective and reduced time-to-market data processing solutions to our clients,” said Charles (Chuck) Davison, President and CEO of Fairfield Geotechnologies.

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