TGS will acquire Spectrum in a deal which has been announced as a merger set to create a “leading provider of 2D and 3D seismic data”. This follows an agreement of shareholders of both companies, triggering a transaction which is expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS and Spectrum. Under the terms of the agreement, Spectrum shareholders will received 0.28 shares for one Spectrum share in addition to a cash consideration of US$0.
Archives for May 2019
May 2019
Santos spuds appraisal well at Dorado
Santos has started drilling the Dorado-2 appraisal well in WA-437-P offshore Western Australia. Dorado is operated by Santos with Carnarvon Petroleum as a partner with a 20% interest. Carnarvon Petroleum said the Noble Tom Prosser jack-up drilling rig had been mobilized from the Corvus-2 well location to the Dorado-2 well on April 26. After arrival at the Dorado-2 location, located 2.2 km from the original Dorado-1 well, the rig had concluded the ready to operate process and had drilled the surface hole and installed the surface casing.
Shearwater set to shoot seismic at SNE field
Shearwater has won a contract to conduct a 3D seismic survey over the SNE field offshore Senegal. This was revealed in a first quarter update recently by FAR, which said the high-definition 3D marine seismic survey contract was awarded to improve reservoir definition supporting SNE well positioning and optimization. FAR said the survey was scheduled to begin in June as part of the SNE field development encompassing the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which is operated by Woodside and includes JV-partners Cairn Energy, FAR Limited, and Petrosen.
EMEA leads oil and gas contract awards with 569 contracts in Q1 2019
In Q1 2019, the oil and gas industry reported 1242 contracts, of which 1178 were awarded contracts, according to data and analytics company, GlobalData. EMEA (Europe, Middle East and Africa) recorded the most contracts with 569 contracts, representing around 48% of the total awarded contracts in Q1 2019, followed by the Americas region with 366 contracts, accounting for 31% of the total awarded contracts. The company’s latest report states that the upstream sector reported 73% of the total awarded contracts, with 862 contracts.
UK Regulator Authorizes Deployment of Sercel’s QuietSea Marine Mammal Monitoring System
Sercel has announced that ‘successful deployment’ of its QuietSeaTM Passive Acoustic Monitoring (PAM) system has been extended to the UK, following approval by the UK Department for Business, Energy & Industrial Strategy (BEIS) and Joint Nature Conservation Committee (JNCC) of its use for a seismic survey operated by CGG in waters off the Shetland Islands. QuietSea is a fully integrated PAM system that Sercel claims ‘overcomes many of the limitations of its present-day competitors. The sensors are designed to fully integrate with seismic acquisition or navigation systems, and are incorporated with the hydrophones in the Sentinel streamer.
PESA WA April Evening Talk – Rosine Riera
Rosine Riera’s talk outlining her current PhD thesis analyzing the Oligo-Miocene subtropical carbonate overburden of the Northern Carnarvon Basin was very well attended. This was PESA WA’s third evening talk for 2019 and was held at “The George” on Tuesday 30th April. Many thanks to Discover Geoscience for sponsoring the evening and to the University of Western Australia for allowing Rosine to present to PESA WA. Perth’s first cold evening for the season saw pre-talk drinks and networking at the bar welcomed by attendees.