Executing the Repeat Contract - a Case Study from Brazil

PRM and 4D surveys utilizing bottom equipment present a unique contracting challenge to the operator due to the very different installation and acquisition phases. The services of such a survey can be considered a commodity as opposed to the sensor equipment, and the equipment’s installation, which may hold a technological value. Therefore the services portion can be separated to attract market rates. To fully realize the gains and improvements of the repeat surveys, the collective survey timeline should be considered to check that the process is accommodated both during and between the interval surveys.