Carnarvon Petroleum has been awarded the AC/P63 permit within the Southern Vulcan Sub-basin, on Western Australia’s North West Shelf, which will be known as the Eagle Project. This 585km² permit is in shallow water and contains multiple attractive leads in the same proven oil producing basin that includes the Talbot, Jabiru, and Cassini / Challis oil fields. Carnarvon said prides itself on applying leading technologies to its technical work to assist in unlocking an area’s potential.
Archives for February 2018
February 2018
CGG and Ardiseis complete highest-density seismic survey ever acquired
CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of the world’s highest-density broadband seismic survey ever acquired onshore or offshore. The ultra-high density of the data recorded on the West-Kalabsha survey on behalf of Apache Corporation (Apache) heralds a step-change in the quality of seismic that can be economically acquired in Egypt’s Western Desert and a quantum leap in imaging for the Middle East and North Africa region, CGG said in a media release.
CNOOC plans 132 exploration wells and will splash out up to $12.7B in 2018
China National Offshore Oil Corporation (CNOOC) has announced that it will drill up to 132 exploration wells in 2018 and that it will also bring five projects into production.
The giant Chinese oil and gas major said it will acquired about 19000km² of 3-D seismic data as it also strives to bring the Hess-operated Stampede oil field in the United States, the Weizhou 6-13 oil field, Penglai 19-3 oil field 1/3/8/9 comprehensive adjustment project, Dongfang 13-2 gas fields and Wenchang 9-2/9-3/10-3 gas fields offshore China into production.
Bloomberg said the $12,7 billion that CNOOC planned to spend in 2018 represented the company’s highest capex in four years.
‘AWU missing the point with calls to curb gas exports’
The Australian Workers’ Union should be calling for the immediate removal of state government-imposed bans on natural gas development instead of demanding heavy-handed restrictions on gas exports. APPEA Chief Executive Dr Malcolm Roberts said the gas reservation policies being pushed by the AWU would discourage investment in new domestic gas supply, drive up energy costs for businesses and families and, ultimately, cost union members their jobs. Dr Roberts said the AWU was relying on economic modelling that is dated and ignores evidence that gas prices are falling.
Katalyst Data Management Launches Well File and Well Log Scanning “Paper to Digits” Service
Katalyst Data Management announced that it has launched well file and well log scanning services for the oil and gas industry. The company now has the capacity to scan volumes of well logs and associated files that are created during the life cycle of a well into an accessible PPDM database. This announcement follows Katalyst's recent completion of a successful well file scanning project involving the scanning and classification of physical well files associated with over 20,000 wells in the US Lower 48.