Archives for April 2019

CGG’s Dan Hampson and Brian Russell Honoured at the GSH-SEG Spring Symposium

29/04/2019 Posted by Dale

Dan Hampson and Brian Russell from GeoSoftware, part of CGG’s Geoscience Division were honoured for their groundbreaking achievements in geophysics by the Geophysical Society of Houston and the Society of Exploration Geophysicists at their jointly sponsored 2019 GSH-SEG Spring Symposium and Exhibition in Houston. The theme of this year’s GSH-SEG Symposium, held from 16-17 April in Houston, USA, was ‘The Resurgence of Seismic Inversion’. Brian Russell spoke at the event about the ‘History of Inversion’ while Jon Downton, Senior Research Advisor for CGG GeoSoftware, gave a technical talk on the latest innovations in ‘Machine Learning Inversion’. GeoSoftware’s HampsonRussell Emerge technology…

QLD gas delivers for local jobs

29/04/2019 Posted by Dale

South-west Queensland natural gas from Senex Energy’s Project Atlas will fuel more than 200 Queensland manufacturing jobs in a national first. Mines and Energy Minister Dr Anthony Lynham congratulated gas producer Senex on sealing the first supply contract from Project Atlas with south-east Queensland manufacturer CSR Limited. In an Australian first, Project Atlas in the Surat Basin is delivering Queensland gas quarantined for sale to the Australian market only. Senex expects first gas production later this year. “This is the outcome the government was seeking when it made this land available for development of domestic-only gas in 2017,” Dr Lynham…

It’s Mama Mia for Po Valley in Italy

29/04/2019 Posted by Dale

Australia’s Po Valley Energy has announced maiden oil and gas condensate Prospective Resource estimates for its large onshore oil exploration holdings in northern Italy. The gains cover the Torre del Moro Exploration Licences southeast of Bologna, the Bagnolo SW prospect in Cadelbosco licence, and a large 334% increase in the 2C resources in its Bagnolo in Piano and Ravizza oil fields in the Cadelbosco Grattasasso Exploration Licences. These two oil fields and the oil / condensate prospects are 100%-owned by Po Valley. The maiden Prospective Resources estimates for Torre del Moro and Bagnolo SW prospects were validated by France’s respected…

DUG announces arrival of immersion tanks for Houston supercomputer

29/04/2019 Posted by Dale

DownUnder GeoSolutions (DUG) is excited to announce tanks are arriving at Skybox Houston for its huge geophysically configured supercomputer, Bubba. Part of a unique cloud service tailored specifically to the geophysics community, called DUG McCloud, the supercomputer will be housed in a purpose-built exascale compute facility in Houston. Construction began on the Texas facility in late 2018. After initial setbacks caused by winter storms, work has continued on DUG McCloud at a remarkable pace ever since. In February, along with immense concrete slabs for the facility’s 10 enormous cooling towers, 20 km of cooling pipes were installed for Bubba, and…

Anadarko deal ups Chevron’s US oil production to 1.6 mmboed in 2019

16/04/2019 Posted by Dale

Following the recent news that Chevron Corp (Chevron) will acquire Anadarko Petroleum Corp (Anadarko) for US$33 billion, the oil and gas major has significantly increased its oil production output in the United States. Jonathan Markham, Upstream Oil & Gas Analyst at GlobalData, said of the deal “The acquisition is a continuation of Chevron’s recent focus on upstream operations in the US. The combined portfolios of Chevron and Anadarko will make Chevron the leading producer in the US, with forecast production of over 1.6 million barrels of oil equivalent per day (mmboed) in 2019, according to GlobalData. “Major contributors will be…

Otway Basin can play a lead role in gas famine

15/04/2019 Posted by Dale

New sources of gas need to be found to offset the emerging gas crisis in the east coast market and the Otway Basin bordering the South Australian-Victorian border can be part of that solution, according to one of Adelaide’s newest ASX-listed petroleum explorers. Addressing the first day today of the two-day Paydirt 2019 South Australian Resources and Energy Investment Conference in Adelaide last week, Vintage Energy’s Managing Director, Mr Neil Gibbins, said the Victorian gas supply market alone is expected to fall from 435 petajoules (PJ) two years ago to around 187PJ by 2022. “The supply profile is further impacted…

CGG completes 2D survey offshore Gabon

15/04/2019 Posted by Dale

Acquisition of CGG’s 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed. Fast-track data sets will be delivered in batches from the end of April, giving interested oil companies sufficient time to understand offshore petroleum systems and appraise blocks offered in Gabon’s 12th offshore licensing round planned for September 2019. This modern data set will help define the full extent of existing and new plays in the region. It will also aid in understanding the thickness variations in the sediment overburden for source rock and maturity analysis. Broad bandwidth data will…

Karoon still courting farm-in partner to expedite FID for its Neon oil field

09/04/2019 Posted by Dale

Australian oil and gas company Karoon is still courting a farm-in partner for its 100% owned Neon oil field in the Santos Basin, offshore Brazil, as it considers FPSO options and the possibility of drilling another well to de-risk the prospect. The company has carried the blocks containing two oil fields, Neon and Goia, to a development and production phase but also extended a final investment decision initially targeted for last year to 2019. Last week Karoon said the development plan was due for submission to Brazil’s national oil and gas regulator ANP during the third quarter of this year…

Shell applies for 3750 km2, 3D seismic survey off Western Australia

09/04/2019 Posted by Dale

Shell has applied to offshore safety regulator NOPSEMA to conduct a 3750km2seismic survey offshore Kimberley, Australia. The oil and gas major plans to launch the “Factory” 3D marine seismic survey within the Browse and Bonaparte Basin, off Western Australia. The Factory 3D survey will comprise acquisition of approximately 3,750 km2 of 3D seismic data in Exploration Permits AC/P65, AC/P41, WA-534-P, and a smaller section of adjacent acreage to acquire data to fully-image the prospects on the titles, NOPSEMA said. The Factory Operational Area (OA) is located approximately 100km offshore in the northern part of WA and is located about 200km…

Sercel Brings its Technical Expertise to Structural Health and Earth Monitoring Markets

09/04/2019 Posted by Dale

CGG has transferred its geophysical seismic technology to structural stability and earth monitoring markets The company said that Sercel has created two new brands, Sercel Structural Monitoring and Sercel Earth Monitoring, to bring the benefits of its advanced sensor technology to the high-potential Structural Health Monitoring (SHM) and Earth Monitoring markets. Renowned in the global geophysics industry as a leading provider of innovative seismic equipment and reservoir monitoring instruments, Sercel has designed and manufactured an extensive range of cutting-edge sensors for natural resource exploration for over 60 years. CGG said that QuietSeis™ is currently the most sensitive MEMS (Micro Electro-Mechanical…