Archives for June 2019

PGS and TGS announce Jeanne d’Arc HD3D in Offshore East Canada

25/06/2019 Posted by Dale

PGS and TGS have commenced the Jeanne d’Arc High-Density (HD3D) Multiclient project offshore Newfoundland, in East Canada. The project will cover approximately 5,000km2 and encompasses multiple exploration licenses, significant discovery licenses and sections of the open acreage included in the November 2019 bid round. The Ramform Atlas will perform the acquisition, utilizing the high-resolution GeoStreamer® technology. The project is expected to complete in late Q3 2019. The Jeanne d’Arc HD3D survey borders Newfoundland’s prominent producing fields such as Hibernia, Terra Nova, White Rose, North Amethyst, and Hebron. Following this ninth consecutive season of data acquisition in offshore East Canada, the…

CGG Awarded Multi-Year Processing Contract by ADNOC for World’s Largest OBN Seismic Project

25/06/2019 Posted by Dale

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract by the Abu Dhabi National Oil Company (ADNOC). Under its terms, CGG will perform high-end time and depth imaging of massive volumes of very high-spec data from what is believed to be the world’s largest ocean-bottom node (OBN) seismic survey to date. Starting in May 2019 – and for a period of at least five years, during the maximum seven-year contract period – CGG will process a minimum 20,000 sq km of high-density wide-azimuth OBN seismic data at its Abu Dhabi geoscience center. In operation since…

Robotics to drive oil and gas productivity and efficiency

25/06/2019 Posted by Dale

The oil and gas industry is gearing up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments, primarily to drive productivity and efficiency amid volatility in crude prices, according to data and analytics company Globaldata. The company’s latest thematic report: ‘Robotics in Oil & Gas’ reveals that the complex challenges, particularly in the exploration and production of hydrocarbons, are prompting companies to explore the potential of complexly engineered robotics solutions to work autonomously or in conjunction with field operators. According to GlobalData, the global robotics industry is set to grow at a compound…

‘Gas and Oil exploration renaissance finally underway’

25/06/2019 Posted by Dale

Gas and Oil exploration renaissance finally underway There are signs that Australian oil and gas exploration is starting to recover from the doldrums that have been the feature of recent years, a special background report by EnergyQuest Associated and exploration analyst David Upton has revealed. Calendar 2019 has begun strongly with the success of offshore wells Corvus-2 and Dorado-2. Offshore • Offshore exploration and appraisal drilling is finally beginning to recover, with eight wells to be drilled in 2019, up from only five in 2018. • Activity is still well down compared to levels before the collapse in oil prices…

Beehive prospect is further de-risked on seismic survey

18/06/2019 Posted by Dale

Melbana Energy says preliminary interpretation of the newly acquired Beehive 3D seismic survey off Western Australia confirms some key technical characteristics of Beehive, further de-risking the prospect. Melbana Energy, operator of the Beehive prospect, located in the WA-488-P offshore permit, said the near vertical edge of the build-up clearly visible on the 3D seismic provides evidence of its isolated nature. Furthermore, the 3D data details depositional patterns within the platform and the seaway that was not able to be resolved on the existing 2D data. The many benefits of 3D data coverage include that it has allowed for better structural…

EDGE pioneers ‘new way to capture, distribute and monetize stranded and flared gas’

17/06/2019 Posted by Dale

Edge Gathering Virtual Pipelines, a proclaimed “pioneer in delivering low-cost, high quality LNG by converting stranded and flared natural gas,” said it has produced and delivered its first LNG in the United States. “With no need for pipelines, EDGE is the first viable route to market for stranded gas reserves, and a revenue generating alternative to flaring or venting associated gas from oil production,” the company said. EDGE began on-well-site LNG production in the US on May 7 2019, accessing Marcellus gas in Pennsylvania, and making truck-delivered LNG sales to its first customers, which include Emera Energy Services, Inc. To…

Israel will emerge as gas exporter by mid-2020s

17/06/2019 Posted by Dale

Israel has gone through an energy production revolution owing to discoveries of natural gas resources such as the Tamar and Leviathan fields over the past decade. Against this backdrop, the country’s gas production will significantly exceed demand and it will emerge as a gas exporter in the Eastern Mediterranean region by mid-2020s, says data and analytics company, GlobalData. The company’s latest report reveals that gas demand in Israel is forecast to increase significantly to more than 800 billion cubic feet (bcf) in 2029, mainly due to the government commitments to COP 21 (Paris agreement) environmental targets and plan to reduce…

CGG Cuts Cycle Time of OBN Imaging at Mad Dog Field

17/06/2019 Posted by Dale

Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field in the Green Canyon area of the Gulf of Mexico. CGG said that through continued investment in imaging technology and supercomputing capacity, the company was able to reduce project cycle time by almost half while delivering greatly improved subsalt images. Fast access to high-quality images was critical to BP and partners in modifying and optimizing the ongoing drilling program. Ocean-bottom nodes (OBN) seismic data combined with full-waveform inversion (FWI), for velocity model derivation, provided this step-change improvement in imaging at…

Senex and Jemena agree $50 million infrastructure deal

17/06/2019 Posted by Dale

Senex Energy announced that it had agreed to sell its Roma North natural gas processing facility and pipeline to major energy infrastructure operator Jemena for $50 million and entered into a long-term gas tolling agreement. Senex began construction of the Roma North gas processing facility and pipeline in November 2018. Construction has been completed on-time and on-budget, with commissioning now underway. Under the terms of the agreements, Jemena will take ownership of the facility and pipeline on the achievement of agreed performance tests, expected in September 2019 (completion). Jemena will then process and transport natural gas from Senex’s Western Surat…

Cooper pens gas supply deals with AGL Energy

10/06/2019 Posted by Dale

Cooper Energy has signed a new gas supply agreement with AGL Energy from its Sole (Gippsland Basin) and Casino Henry (Otway Basin) offshore gas operation. Cooper said the Sole gas field is poised to become south-east Australia’s newest source of gas supply when it starts production on completion of the Orbost Gas Plant upgrade currently being undertaken by APA Group. Cooper Energy has completed the construction of the offshore development of the Sole gas field and APA is expected to conclude the plant upgrade works and commence commissioning and delivery of sales gas within the September 2019 quarter. The Sole…