• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.3
• /
• pp.399-409
• /
• 2021

This study examines whether oil and gas companies comply with the requirements of the International Financial Reporting Standards (IFRS) 6 on Exploration and Evaluation (E&E) of Mineral Resources. For this purpose, a comprehensive checklist divided into eight different parameters was prepared by including every requirement of IFRS 6. While building on the previous studies, the annual reports of the top five Indian and top five Global companies engaged in this business have been investigated in detail against the checklist using content analysis as the research method. Results show that a majority of the companies (both Indian as well as global companies) have not been complying with the requirements of IFRS 6. In five out of eight parameters the companies have not complied with even half of the requirements. The overall compliance ratio is as low as 41.54 percent and 43.68 percent for Indian and Global companies respectively. While analyzing the non-compliance, it has been observed that despite having distinct accounting standards, different kinds of companies are reporting differently. Thus, it is not in line or consistent with the goal of IFRS i.e., to establish a universal language for the companies to prepare the accounting statements. The research findings identify the exact area of non-compliance while citing the relevant paragraph number of IFRS 6.

• 한국지구물리탐사학회:학술대회논문집
• /
• 2003.11a
• /
• pp.590-597
• /
• 2003

Processing and smelting of copper containing sulphide concentrates result in the accumulation of impurities into various process streams. All primary copper smelters and refineries around the world produce significant amounts of slag, dust, sludge, residues and others, which contain copper and precious metals. The recovery of these valuable metals is essential to the overall economics of the smelting process. Physical, chemical and mineralogical characterization of particular slag and Cottrell dusts from primary smelters and $Dor\'{e}$ furnace (TBRC) slag and Pressure Leached Anode slimes from a copper refinery have been carried out to understand the basic behind the recovery processes. Various process options have been evaluated and adapted for the treatment of slag from different smelting furnaces and Cottrell dusts as well as the intermediate products from copper refineries. Besides the hydro- or pyro-metallurgical treatments, the above mentioned physical separation options such as magnetic, gravity separation, flotation and precipitation flotation processes have been successfully identified and adapted as the possible process options to produce a Cu-rich or precious metal-rich concentrates for in-house recycling and other valued by-product for further treatment. The results of laboratory, pilot plant and production operations are presented, and incorporation of several alternative flowsheet is discussed in this paper.

• Journal of Soil and Groundwater Environment
• /
• v.28 no.spc
• /
• pp.18-39
• /
• 2023

Rapid development of geophysical exploration and hydrogeologic monitoring techniques has yielded remarkable increase of datasets related to groundwater systems. Increased number of datasets contribute to understanding of general aquifer characteristics such as groundwater yield and flow, but understanding of complex heterogenous aquifers system is still a challenging task. Recently, applications of data science technique have become popular in the fields of geophysical explorations and monitoring, and such attempts are also extended in the groundwater field. This work reviewed current status and advancement in utilization of data science in groundwater field. The application of data science techniques facilitates effective and realistic analyses of aquifer system, and allows accurate prediction of aquifer system change in response to extreme climate events. Due to such benefits, data science techniques have become an effective tool to establish more sustainable groundwater management systems. It is expected that the techniques will further strengthen the theoretical framework in groundwater management to cope with upcoming challenges and limitations.

• Journal of the Korean earth science society
• /
• v.30 no.6
• /
• pp.699-708
• /
• 2009

Recently as the interest in the development of domestic ore deposits has increased, we can easily find some studies on exploration geophysics-based ore-deposit survey in literature. Based on the fact that mineralized zone are generally more conductive than surrounding media, electrical resistivity survey among several geophysical surveys has been applied to investigate metallic ore deposits. Most of them are grounded on 2-D survey. However, 2-D inversion may lead to some misinterpretation for 3-D geological structures. In this study, we investigate the feasibility of the 3-D electrical resistivity survey to 3-D vein-type ore deposits. We first simulate 2-D dipole-dipole survey data for survey lines normal to the strike and 3-D pole-pole survey data, and then perform 3-D inversion. For 3-D ore-body structures, we assume a width-varying dyke, a wedge-shaped, and a fault model. The 3-D inversion results are compared to 2-D inversion results. By comparing 3-D inversion results for 2-D dipole-dipole survey data to 3-D inversion results for 3-D pole-pole survey data, we could note that the 2-D dipole-dipole survey data yield better inversion results than the 3-D pole-pole data, which is due to the main characteristic of the pole-pole array. From these results, we are convinced that if we have certain information on the direction of the strike, it would be desirable to apply 2-D dipole-diple survey for the survey lines normal to the strike. However, in most cases, we do not have any information on the direction of the strike, because we already developed the ore deposit with the outcrops and the remaining ore deposits are buried under the surface. In that case, performing 3-D pole-pole electrical resistivity survey would be a reasonable choice to obtain more accurate interpretation on ore body structure in spite of low resolution of pole-pole array.

• Geophysics and Geophysical Exploration
• /
• v.19 no.1
• /
• pp.37-44
• /
• 2016

$CO_2$-EOR (Carbon Dioxide-Enhanced Oil Recovery), one of the enhanced oil recovery methods, helps to not only enhance the production of oil, but also store carbon dioxide in underground. However, if micro fractures occur when during the injection of $CO_2$, it is difficult to make permanent storage of $CO_2$ in reservoir and can cause contamination of groundwater and soil. Therefore, in this study, we performed microseismic monitoring to investigate the occurrence of fractures during the $CO_2$ injection at the Meruap oil reservoir, Indonesia. To pick the first arrivals of microseismic events, Improved MER (Modified Energy Ratio) method was used. After picking the first arrivals, hodogram analysis was carried out by using the data recorded at three component geophones to calculate the back azimuth of events. Finally, locations of microseismic events were decided by using the results of first arrival picking and hodogram analysis. Estimated locations showed that all microseismic events were occurred at surface and any fracture did not occur around the reservoir. Moreover, by analyzing noise characteristic, we confirmed that almost of picked first arrivals were due to the repetitive mechanical noise.

• Geophysics and Geophysical Exploration
• /
• v.12 no.3
• /
• pp.255-262
• /
• 2009

Conventionally, vertical-seismic-profiling (VSP) survey that provides high-resolution information has mainly performed to obtain the exact depth of the gas hydrate-bearing sediment, which is one of the key factors in the development of the gas hydrate. In this study, we extracted interval velocities and created corridor stacks from the first domestic zero-offset VSP data, which were acquired with three component receivers at UBGH09 borehole in Ulleung Basin where gas hydrate exists. Then we compared the corridor stacks with a CMP stacked section from surface seismic data. First of all, we converted the signals recorded with three component receivers to true vertical and horizontal components by phase rotation, and divided the data into direct waves and reflected waves by wavefield separation processing. The trend of the interval velocity extracted from the zero-offset VSP was similar to that of the sonic log obtained at the same borehole. Because the interval velocity of the gas hydrate-bearing sediment above the BSR was high, and it decreased suddenly through the BSR, we could infer that free gas is accumulated below the BSR. The results of comparing the corridor stacks to the CMP stacked section of the surface seismic data showed that most reflection events agreed well with those in the surface CMP stacked section and that the phase-rotated VSP data corresponded better with the surface seismic data than the VSP data without phase rotation. In addition, by comparing a corridor stack produced from the transverse component with the CMP stacked section of the surface seismic data, we could identify PS mode-converted reflections in the CMP stacked section.

• Geophysics and Geophysical Exploration
• /
• v.19 no.4
• /
• pp.220-227
• /
• 2016

Marine seismic data have not only primary signals from subsurface but also ghost signals reflected from the sea surface. The ghost decreases temporal resolution of seismic data because it attenuates specific frequency components. For eliminating the ghost signals effectively, the exact ghost delaytimes and reflection coefficients are required. Because of undulation of the sea surface and vertical movements of airguns and streamers, the ghost delaytime varies spatially and randomly while acquiring seismic data. The reflection coefficient is a function of frequency, incidence angle of plane-wave and the sea state. In order to estimate the proper ghost delaytimes considering these characteristics, we compared the ghost delaytimes estimated with L-1 norm, L-2 norm and kurtosis of the deghosted trace and its autocorrelation on synthetic data. L-1 norm of autocorrelation showed a minimal error and the reflection coefficient was calculated using Kirchhoff approximation equation which can handle the effect of wave height. We applied the estimated ghost delaytimes and the calculated reflection coefficients to remove the source and receiver ghost effects. By removing ghost signals, we reconstructed the frequency components attenuated near the notch frequency and produced the migrated stack section with enhanced temporal resolution.

• Economic and Environmental Geology
• /
• v.39 no.4 s.179
• /
• pp.441-450
• /
• 2006

The on-land seismic survey in Korea was begun in mid-1960s. Kim et al.(1967) of Korea Geological Survey reported on the result of gravity and seismic reflection surveys conducted in the Pohang area for the period of 1963-64 to assess its possibility of oil entrapment. Hyun and Kim (1966) carried out a refraction survey on the tunnel wall. Since then, the KGS geophysicists had conducted seismic surveys on Kyungsang sedimentary basin as a main project for several years. In 1970s, on-land seismic surveys had been conducted for various purposes such as site investigation for the nuclear power plants and industrial complex, exploration for ground water, mineral resources and underground tunnel. The first reflection survey with CMP acquisition was attempted in 1978 by using a digital recording system. But most of on-land seismic surveys had employed the refraction method until 1980s. In 1990s, high resolution reflection and various borehole seismic surveys such as tomography, uphole, downhole, cross-hole methods have been attempted by universities and engineering companies. The applications of on-land seismic surveys have been enlarged for both academic and industrial purposes such as investigation of geologic structure of the fault and tidal flat area, construction of highway, railroad and dam, geothermal energy and mineral resource exploration, environmental assessment for waste disposal sites and archaeological investigations. In 2002, the first crustal seismic survey was carried out on the profile of 294km length across the whole peninsular. It is expected that the advanced technology and experience acquired through offshore seismic surveys, which have been conducted in continental shelf of Korea and foreign oil fields, will stimulate the more active on-land seismic explorations.

• Geophysics and Geophysical Exploration
• /
• v.21 no.3
• /
• pp.150-161
• /
• 2018

Recently, unmanned aircraft EM (electromagnetic) survey based on ICT (Information and Communication Technology) has been widely utilized because of the efficiency in regional survey. We performed the theoretical study on the unmanned airship EM system developed by KIGAM (Korea Institute of Geoscience and Mineral resources) as part of the practical application of unmanned aircraft EM survey. Since this system has different configurations of transmitting and receiving loops compared to the conventional aircraft EM systems, a new technique is required for the appropriate interpretation of measured responses. Therefore, we proposed a method to calculate the EM field for the arbitrary shaped transmitter and verified its validity through the comparison with analytic solution for circular loop. In addition, to simulate the magnetic responses by three-dimensionally (3D) distributed anomalies, we have adapted our algorithm to 3D frequency-domain EM modeling algorithm based on the edge-FEM (finite element method). Though the analysis on magnetic field responses from a subsurface anomaly, it was found that the response decreases as the depth of the anomaly increases or the flight altitude increases. Also, it was confirmed that the response became smaller as the resistivity of the anomaly increases. However, a nonlinear trend of the out-of-phase component is shown depending on the depth of the anomaly and the used frequency, that makes it difficult to apply simple analysis based on the mapping of the magnitude of the responses and can cause the non-uniqueness problem in calculating the apparent resistivity. Thus, it is a prerequisite to analyze the appropriate frequency band and flight altitude considering the purpose of the survey and the site conditions when conducting a survey using the unmanned aircraft EM system.

• 한국지구물리탐사학회:학술대회논문집
• /
• 2002.09a
• /
• pp.139-162
• /
• 2002

Since weak zones or geological lineaments are likely to be eroded, weak zones may develop beneath rivers, and a careful evaluation of ground condition is important to construct structures passing through a river. Dc resistivity surveys, however, have seldomly applied to the investigation of water-covered area, possibly because of difficulties in data aquisition and interpretation. The data aquisition having high quality may be the most important factor, and is more difficult than that in land survey, due to the water layer overlying the underground structure to be imaged. Through the numerical modeling and the analysis of case histories, we studied the method of resistivity survey at the water-covered area, starting from the characteristics of measured data, via data acquisition method, to the interpretation method. We unfolded our discussion according to the installed locations of electrodes, ie., floating them on the water surface, and installing at the water bottom, since the methods of data acquisition and interpretation vary depending on the electrode location. Through this study, we could confirm that the dc resistivity method can provide the fairly reasonable subsurface images. It was also shown that installing electrodes at the water bottom can give the subsurface image with much higher resolution than floating them on the water surface. Since the data acquired at the water-covered area have much lower sensitivity to the underground structure than those at the land, and can be contaminated by the higher noise, such as streaming potential, it would be very important to select the acquisition method and electrode array being able to provide the higher signal-to-noise ratio data as well as the high resolving power. The method installing electrodes at the water bottom is suitable to the detailed survey because of much higher resolving power, whereas the method floating them, especially streamer dc resistivity survey, is to the reconnaissance survey owing of very high speed of field work.