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The state of land seismic
- Source: First Break, Volume 36, Issue 1, Jan 2018, p. 65 - 67
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- 01 Jan 2018
Abstract
Abstract
It has been said that when the oil and gas industry catches a cold, geophysical contractors get the flu, and the equipment manufacturers get pneumonia. This metaphor describes the leveraged financial impact of the periodic collapses in the price of oil. The oil companies cut back on exploration, and the contractors reduce the number of active crews. Surplus equipment is warehoused and the contractors stop buying hardware altogether. Why buy gear when you have it on the shelf?
EAGE Publications BV