Archives for August 2019

Searcher has reached agreement with Perupetro to produce four new multi-client projects as part of its Offshore Peru Multi-client Campaign. Searcher said this would be the first time any single company has presented the industry with the opportunity to interact with such an expansive collection of “highly enhanced exploration data which will have benefited from modern processing, interpretation and digitising techniques”. “Confident interpretation, regional reconstruction and play level evaluation will be delivered to participants through the delivery of four new projects; Huayno 2D Pre-Stack Reprocessing, Peru Offshore Rectified Seismic Data on SaismicTM, Peru Offshore Well Atlas and an interpretative report…

CGG begins new 3D broadband survey in deepwater Brazil
CGG has commenced acquisition of Nebula 3D, a new, large, long-offset BroadSeis™ survey located in the Campos and Santos Basins, offshore Brazil. With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean and a portion of the survey will provide 3D data coverage where no other 3D data currently exists. CGG said the company’s Geoscience’s Subsurface Imaging Centre in Rio will employ the latest, most advanced data processing techniques to deliver exceptional imaging of pre-salt structures in these prolific basins. Dechun Lin, EVP, Multi-Client & New Ventures, CGG, said: "CGG has…

Gulf of Mexico Lease Sale Yields More Than $159 Million in High Bids
United States Interior’s Deputy Assistant Secretary for Land and Minerals Management Andrea Travnicek has announced that region-wide Gulf of Mexico Lease Sale 253 generated $159,386,761 in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the lease sale, submitting $174,922,200 in all bids. “We are excited about the results from today’s lease sale, which show a continued upward trend for the year. The total from today’s lease sale and the March sale is the highest since 2015 for high bids,” said Deputy Assistant Secretary Travnicek. “The…

Oil and gas sector tops Forbes 2019 list of world’s largest public firms in revenue generation
Oil and gas edged past technology and communication to emerge as the top sector in the Forbes 2019 list of world’s largest public companies with a 16.2% year-on-year (YoY) growth in revenue generation, according to data and analytics company, GlobalData. GlobalData analyzed the year-on-year change in sales and profits of the top 10 sectors by sales and the geographical spread of Forbes Global 2000 largest public companies and normalized into appropriate sectors. Parth Vala, Company Profiles Analyst at GlobalData, says: “The Declaration of Cooperation between OPEC member countries and 11 non-OPEC oil producing countries on 30 November 2017 for voluntary…

US oil boom breaks records
The United States leads the world in crude oil production and continues to set new records. The US produced an average 12.2 million barrels of crude oil per day in April. That marked the first time monthly oil production surpassed 12 million barrels per day, according to the U.S. Energy Information Administration. “We are in the midst of a transformational energy era with America leading the world in oil and gas production,” Secretary of Energy Rick Perry said in a July 16 tweet. American ingenuity sparked the shale oil revolution, as U.S. oil producers kept innovating and experimenting with new…

Shearwater completes survey over Shell’s Pensacola prospect
Shell, in conjunction with non-operated partner Cluff Natural Resources, has completed a 3D seismic survey extending to approximately 420 km2 over the Pensacola prospect on Licence P2252 in the Southern North Sea, offshore the UK. The survey, conducted by Shearwater GeoServices using the Polar Express, was completed on time and with no adverse incidents on 21 August, Cluff Natural Resources said. Under the farm-in agreement, Shell are paying 100% of costs of the seismic acquisition, processing and interpretation work programme until the end of 2020 or until a well investment decision is made. Cluff holds a 30% interest in Licence…

2019 PESA HORSTMAN FEDERAL POSTGRADUATE SCHOLARSHIP
PESA is offering a new postgraduate scholarship to eligible students currently conducting research in a petroleum geoscience related project within Australia. The award, known as the Horstman Federal Postgraduate Scholarship, consists of an annual prize of $5000 to the successful recipient as part of PESA’s program to promote and encourage petroleum geoscience research and education in Australia.
This award is open to postgraduate research students enrolled in a PhD or Masters program at a recognised Australian tertiary institution. Research topics must have a petroleum geoscience focus and have direct relevance to the exploration, development…

PESA WA, August Technical Lunch
Chris Fielding, a current editor of Earth Science Reviews, was the guest speaker at the PESA WA Technical Lunch for August. The presentation showcased the critical importance of high quality field work in understanding depositional processes and environments of coastal to shallow marine sandstone bodies in the Cenomanian/Turonian succession of Utah and Wyoming. The talk included details on the mapping and interpretation of Frontier deltas across a 70km by 5km section in the Vernal area of northern Utah and left the audience keen to get out and about and look at some outcrops. The Hilton did an excellent job of…

Meet our Bright Sparks
Bright Sparks are people that light up our industry in ways you won’t expect. Read the unique stories of the extraordinary individuals powering our homes, towns and cities, every day. Find it here: www.bright-r.com.au/ brightsparks Included in the initial group of Bright Sparks are the following 14 individuals, including several PESA members:
- Ishtar Barranco Mendoza, Senior Geologist Barrow Island & North West Shelf, CHEVRON (WA)
- Yazan Arouri, PhD Candidate – Petroleum Engineering, AUST. SCHOOL OF PETROLEUM (SA)
- Candice Lam, Technology Resource Management Partner, BHP (QLD) …

ConocoPhillips files environmental plan for Barossa field development
ConocoPhillips and its joint partners SK E&S Australia and Santos have submitted an environment plan to NOPSEMA to develop the Barossa Gas Field, located 300km northwest of Darwin. The development includes bringing gas and condensate from subsea wells to a floating production storage and offloading (FPSO) facility via a network of subsea flowlines and risers. Initial processing would occur on the FPSO to separate the gas, water, and condensate. The condensate would be transferred from the FPSO to specialised tankers for export. The resulting dry gas would be sent to Darwin via a new 260-kilometer pipeline connected to the existing…