Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a large-scale seismic imaging project in the offshore Orphan Basin in Eastern Canada by BHP. CGG said that in line with its continued investments in high-end imaging technology, supercomputing capacity and digitalization, the company will employ its industry-leading FWI and least-squares migration algorithms over the entire survey area of more than 10,000 km². Through these advanced technologies and close collaboration with the client’s interpretation and imaging geophysicists, CGG fully commits to providing a step-change in subsurface imaging in a timely manner to support E&P investment decisions, CGG said.
Archives for September 2019
September 2019
Australia hits one billion barrels record production milestone
Australia hit a record in petroleum production in 2018-19 to a peak of 1,010 million barrels of oil equivalent in a milestone moment according to data compiled by energy consulstancy, EnergyQuest. This was primarily driven by record gas production, which was up 16% to 5,082 PJ as LNG export revenue soared 61% to %50 billion with production also up 22% to a record 75 million tonnes. From east to west production records were recorded with east coast gas output up 2% to 1,865PJ and coal seam gas also summiting, up 5% to 1,461PJ.
‘New WA EPA guidelines must not risk investment’
APPEA has lodged a submission to the Western Australian Environmental Protection Authority’s Background Paper on Greenhouse Gas Assessment Guidance, urging national and international emissions reduction policies over ad-hoc regional measures. APPEA Chief Executive Andrew McConville said the effective and efficient management of greenhouse gas emissions was an issue the oil and gas industry took very seriously, and APPEA and its members have been engaged constructively in policy development for more than 25 years.