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Company Updates

Searcher releases MapStand and NVentures data layers on its on-demand sAIsmic platform

15/01/2021 by Dale Granger

Searcher has launched new data layers functionality on its on-demand seismic web platform, sAIsmic, from Searcher’s partnerships with MapStand and NVentures.

The new MapStand and NVentures layers functionality on sAIsmic with an info tab that allows users to view blocks, wells and field information, anywhere in the world, providing valuable location context for sAIsmic users.

“We are very excited to have launched this latest functionality on sAIsmic through the partnerships...

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PGS picks up as multiclient sales double in fourth quarter

15/01/2021 by Dale Granger

PGS expects to report segment revenues for Q4 2020 of approximately $158 million. Contract revenues ended at approximately $21 million. MultiClient pre-funding revenues were approximately $61 million and MultiClient Late Sales approximately $70 million.

“We achieved a sequential revenue increase from our vessel operations in Q4, and a MultiClient pre-funding level benefitting from additional sales from ongoing surveys. Our MultiClient Late Sales more than doubled, compared to the...

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Searcher announces onshore Peru multiclient campaign

15/01/2021 by Dale Granger

Searcher has announced a new onshore Peru Campaign, in collaboration with PeruPetro S.A. 2D & 3D Seismic Rectification and a Well Atlas including post-drill analysis to provide a renewed and enhanced dataset to support future bid rounds, regional evaluations and due diligence of existing commercial opportunities.

The Onshore Peru 2D & 3D Rectification consists of both 2D and 3D vintage seismic data which has been rectified with Searcher’s proprietary post-stack reprocessing method. The...

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CUE Permits NWS

Ironbark exploration well delivers a disappointing duster

12/01/2021 by Dale Granger

The eagerly-anticipated Ironbark exploration well offshore north-western Australia has failed to produce hydrocarbon discoveries and will be plugged and abandoned.

The well in WA-359-P had hoped to discover up to 15Tcf of gas, measuring up to Gorgon and was drilled to a total depth of 5,618m, intersecting the primary target of the Mungaroo Formation at 5,275m.

However, Beach Energy announced the disappointment last week, saying in a statement: “no significant hydrocarbon shows were...

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Santos Building Adelaide

Santos makes FID for Timor Sea drilling and expansion

12/01/2021 by Dale Granger

Santos has made a final investment decision for the $306 million, Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea offshore Timor-Leste.

The Adelaide-based company said the program would include three production wells (two platform and one subsea) to develop additional natural gas and liquid reserves, extending field life as well as production from the offshore facilities and the Darwin LNG plant.

Santo, with 68.4 per cent of the Bayu-Undan joint venture,...

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Gippsland-Basin-Vic-P47

Emperor Energy given drilling extension for Gippsland Basin permit

05/01/2021 by Dale Granger

NOPTA has approved Emperor Energy’s application to extend the primary term of the VIC/P47 exploration permit in the Gippsland Basin.

Emperor Energy said the extension had been given based on two factors, the imminent availability of new seismic data that will be generated from the Multi Client 3D seismic acquisition completed across the Offshore Gippsland Basin, including the Judith Gas Field in Vic/P47 in July 2020 by CGG.

COVID consideration

The second criteria was the combined...

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Shearwater Empress

ShearShearwater GeoServices signs US$437 million refinancing of main debt facilities

28/12/2020 by Dale Granger

Shearwater has signed new debt and guarantee facilities totalling US$437 million, as part of the planned refinancing of the company’s maturing debt.

The new facilities include the refinancing of the US$325 million bridge facility originating from the acquisition of the marine seismic acquisition assets and operations of WesternGeco in November 2018.

“We enjoy continued confidence from our lenders whose long-term backing has supported Shearwater in driving the necessary...

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CGG, PGS and TGS announce strategic partnership for shared multi-client data

22/12/2020 by Dale Granger

CGG, PGS and TGS have announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries.

The independent, cloud-based ecosystem will offer a single search point to access all three companies’ multi-client data and allow customers to interactively find, visualize and download their subsurface assets and entitlements all in one place.

All three companies released a joint media statement and commented on...

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Shearwater SW Vespucci

Shearwater GeoServices awarded 3D contract by ONGC

22/12/2020 by Dale Granger

Shearwater GeoServices has announced the award of a 3D broadband marine seismic acquisition contract by ONGC in the Western Offshore India area. The project is scheduled to commence in Q1 2021.

The four-month campaign covers two areas totalling 2,800 sq. km in the Arabian Sea off the west coast of India. Shearwater plans to use the SW Duchess and SW Vespucci for the surveys.

“Shearwater has a strong, long-standing relationship with ONGC and adding this award to our 2021...

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Sercel CGG

Sercel wins second Saudi Mega-Crew Equipment Contract

15/12/2020 by Dale Granger

Sercel has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia.

It has also won a smaller contract to equip a 2D survey to be conducted by the same contractor. These two new contracts closely follow the recently announced award to Sercel of a similar large-scale contract to equip a separate Saudi 3D mega-crew survey.

Advanced electronics

The new 3D contract includes a Sercel 508XT seismic...

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Upcoming Events

Thu 28

PESA SA/NT Technical Luncheon: Is there any room for gravity in petroleum exploration? Let’s open the door again!

Thursday, 28 January @ 12:00 pm - 2:00 pm (Australia/Adelaide time)
Feb 09

LIVE WEBINAR – The Energy Transition – Challenges and Opportunities for the Oil and Gas Industry and its Professionals

Tuesday, 9 February @ 11:00 am - 12:00 pm (Australia/Perth time)
Feb 18

PESA WA Technical February lunch talk- Spatial and Stratigraphic Controls on Burial Diagenesis and Reservoir Quality in the Triassic Mungaroo Formation

Thursday, 18 February @ 12:00 pm - 2:00 pm (Australia/Perth time)
Sep 15

Save the Date – AEGC 2021

Wednesday, 15 September @ 8:00 am - Monday, 20 September @ 5:00 pm (Australia/Brisbane time)

View all events »

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PESA MAGAZINE – LATEST EDITION

PESA News Issue 159

Previous Editions

Most Popular Posts

Popular Posts

  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster
  • Shell’s Prelude resumes production after almost one year
  • Santos Building Adelaide Santos makes FID for Timor Sea drilling and expansion
  • Total Mozambique LNG Plant Total withdraws workers as attacks close in on Mozambique LNG project
  • Total Mozambique LNG Plant Mozambique soldiers repel insurgent attack on Total LNG project
  • Gippsland-Basin-Vic-P47 Emperor Energy given drilling extension for Gippsland Basin permit

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PESA members please use this group to help with “social license to operate” issues.

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PESA - Petroleum Exploration Society of Australia

The Petroleum Exploration Society of Australia is a non-profit association of individuals involved in the exploration of oil and gas.

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