NEOS GeoSolutions
 | |
| Private | |
| Industry | Oil & Gas, Minerals |
| Founded | 2009 |
| Headquarters | Houston, USA |
Area served | Worldwide |
Key people | Mike Long, Jim Hollis (CEO) |
| Services | Geological and geophysical surveys |
| Owner | Energy Capital Group, Bill Gates, Goldman Sachs, Kleiner Perkins Caufield & Byers, Passport Capital |
| Website |
neosgeo |
NEOS GeoSolutions is a geoscience services company that services exploration teams in the onshore oil & gas and mining industries. The company acquires and simultaneously interprets multiple geological, geophysical, and geochemical datasets to identify hydrocarbons and minerals in the subsurface. NEOS is privately held and headquartered in Houston, Texas.
History
NEOS was formed in 2008 when a group of investors extracted the necessary acquisition and interpretation technologies from a natural resource exploration company.
The company is an advocate of the multi-measurement interpretation approach to natural resource exploration, which involves integrating the broadest possible range of geological, geochemical, geophysical, and petrophysical measurements.[1]
The company seeks to make use of geo-data from a variety of sources, including publicly available information, data available for license, and data resident within the archives of its customers. However, airborne remote sensing systems – including satellites, fixed-wing aircraft, and helicopters – provide the vast amount of newly acquired measurements interpreted by the company.[2]
Other companies that acquire airborne geophysical datasets include ARKeX, CGG, Fugro-Airborne, and Sander Geophysics. Airborne geophysical acquisition allows service providers to survey and assess large swaths of acreage on behalf of oil & gas and mining firms in order to determine their prospectivity potential for natural resource exploration and development. Unlike the more conventional seismic acquisition technique, airborne methods do not require personnel and equipment to be placed directly on the ground for multi-week operations. This reduces the risk to the health and safety of acquisition personnel and minimizes the environmental footprint of the surveying operation. Companies that process and interpret multi-measurement geophysical datasets using various simultaneous inversion techniques include Fugro-Jason, Mira Geoscience, and Schlumberger.
By 2008, the company’s scientists had developed unique methods to integrate hyperspectral measurements with other geophysical data – including seismic, gravity, magnetic, electromagnetic, and radiometric.[3]
In January 2010, the company hired a new CEO – Jim Hollis, formerly COO at ION Geophysical. During the year, the company announced that it was acquiring a hyperspectral survey over a 29,000 square kilometer region of the Gulf Coast that had been impacted by the April 2010 blowout at BP’s Macondo oil prospect in the Gulf of Mexico.
In January 2011, the company announced that it had raised more than $60 million in expansion capital from its existing investors – Goldman Sachs, Kleiner Perkins Caufield & Byers,[4] and Passport Capital – as well as from new investors including Microsoft founder Bill Gates and Energy Capital Group.
Products & Services
By applying its multi-measurement interpretation methodology, NEOS generates 3-D subsurface models of the Earth in which the distributions of minerals, hydrocarbons, fractures, and lithologies can be probabilistically determined and mapped.
NEOS has recently undertaken projects in the following areas: Argentina’s Neuquén Province;[5] Pennsylvania’s Marcellus Shale;[6] California’s Ventura Basin; and Nevada’s Cortez Gold Trend.
See also
• List of Oilfield Service Companies
References
- ↑ Jackson, Dr. David. "An integrated approach to frontier exploration". Hart Energy. Retrieved June 2, 2010.
- ↑ Fahey, Jonathan (January 21, 2010). "Sniffing Oil from the Sky". Forbes.com. Retrieved January 21, 2010.
- ↑ Boutte, Dalton. "Integrating technologies creates a new dimension in geophysical capability". Hart Energy. Retrieved December 2, 2008.
- ↑ Long, W. Michael. "E&P Intrigues Silicon Valley". American Oil & Gas Reporter. Retrieved January 2011.
- ↑ Project to Help Highgrade Oil & Gas and Mining prospects in the Neuquén Basin, Market Watch August 2011.
- ↑ NEOS GeoSolutions' Study Of Marcellus Shale Kicks Off In Pennsylvania, OilVoice August 2011.