CGG has completed its exit from the seabed data acquisition business and terminated the Seabed Geosolutions’ joint venture agreement.
The Paris-headquartered geophysical services company said that in line with its strategy to exit the data acquisition business, which was effective from December 31, 2019, the company had agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of the first quarter of 2020.
In addition, it was agreed...
Fugro has successfully completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).
Ceri Powell, BSP’s Managing Director, delivered a congratulatory note acknowledging the quality of Fugro’s work and HSSE leadership shown throughout the campaign. BSP’s Project Lead Bilman Pardomuan Hutabarat commented: “This campaign was the first deepwater survey project for Shell in Brunei and its success will lead to many more...
CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region. Both packages are now available and enhance understanding of the prospectivity of these two high-potential regions, allowing the assessment of exciting new plays, the Paris headquartered company said.
JumpStart packages mobilize the full suite of CGG’s geoscience capabilities to accelerate and support exploration efforts. They integrate...
Senex Energy has announced an expansion of its natural gas sales agreement with Orora Limited, agreeing to supply 13.2 petajoules of natural gas from Project Atlas.
On 1 May 2019, Senex announced a two-year gas sales agreement with Orora for supply of 3.3 PJ of natural gas from 1 January 2020.
Senex and Orora have now agreed an expanded gas sale agreement, with Senex to supply a further 9.9 PJ of natural gas from Project Atlas over six years from 2022 to 2027, bringing the total...
The first significant investment in the Petrel field in five years has begun in the Bonaparte Basin with Polarcus commencing a 3D seismic survey in the area on behalf of Neptune Energy.
Neptune said the survey would expand the area of seismic data the company holds and significantly increase the quality and breadth of data, for the company and its partners in the Petrel JV to plan a path forward.
Neptune Energy Australia Managing Director, Janet Hann, said: “The Bonaparte Basin...
Empire Energy has raised $12 million to advance exploration programmes in the company’s 100% owned EP187 tenement in the Betaloo Basin, Northern Territory.
Funds derived from the placement to institutional and sophisticated investors are set to unlock the Northern Territory’s first exploration targeting the Velkerri Shale.
At present 2D seismic data acquired in EP187 is being processed and interpreted to determine final locations for exploration drilling, which is scheduled to...
Mosman Oil and Gas has welcomed a one-year permit extension for a prospect in the Amadeus Basin in the Northern Territory whereby the Sydney-based company has been granted a 12-month suspension of year three work-program commitments.
The company has also been granted a corresponding extension of the permit term.
“This is exactly the decision Mosman had sought and now the company can move forward with the 2D seismic acquisition, seismic processing and interpretation and exploration...
CGG has announced a program to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS).
Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021.
CGG said that in the CNS, where complex salt diapirism has created significant challenges to imaging deeper reservoir targets, this new survey, with its long-offset, full-azimuth coverage and...
From 2020, all vessels in the PGS fleet will share bathymetry information collected using echo sounders, with The Nippon Foundation-GEBCO Seabed 2030 Project. The project aims to map the entire ocean floor by the year 2030, the Norwegian headquartered marine geophysical company said this week.
The bathymetric data will support Seabed 2030’s crowdsourced bathymetry initiative – benefitting seafarers in the form of updated and more accurate sea charts, PGS added.
An agreement to...