Company Updates

CGG to Acquire 8,000 km of Multi-Client Data Offshore Malaysia

20/11/2023 Posted by Dale

CGG, in association with PETRONAS, has announced the start of the Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia.

Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024.

Experts at CGG’s Kuala Lumpur subsurface imaging center will apply its latest proprietary full-waveform inversion (FWI) and Q-tomography imaging technologies to provide the industry with a better regional understanding of the petroleum systems in this underexplored basin, with a focus on the prospective pre-tertiary target.

Mohamed Firouz Asnan, Senior Vice President, Malaysia Petroleum Management (MPM), PETRONAS, said: “PETRONAS continues to invest in data enrichment for Malaysian basins, like the emerging Langkasuka Basin. I

CGG Launches Outcome-as-a-Service Offering for HPC and AI Solutions

13/11/2023 Posted by Dale

CGG has announced the launch of its new Outcome-as-a-Service (OaaS) offering, designed to deliver customized, capability-focused HPC and AI solutions for scientific and engineering domains including generative AI and life sciences.

CGG and LightOn Collaborate to Evaluate Industrial HPC and AI Models

06/11/2023 Posted by Dale

CGG and LightOn, a pioneering artificial intelligence (AI) company, have joined forces under a new contract to leverage CGG’ss industrial High- Performance Computing (HPC) solutions.

Petronas-Exxon JV Strikes Oil in Suriname

06/11/2023 Posted by Dale

Petronas Suriname E&P, in tandem with ExxonMobil Exploration and Production Suriname have announced an oil discovery in Block 52 offshore Suriname.

PGS Announces Contract Award in the Med

06/11/2023 Posted by Dale

PGS has been awarded a 3D exploration contract* in the Mediterranean.

PGS said the Ramform Titan had been scheduled to mobilize for the survey in December and the contract had a total duration of approximately 160 days.

“We are very pleased with this contract award securing work for the Ramform Titan through the winter season. The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region,” says Rune Olav Pedersen, President & CEO in PGS.

PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of two months or more, and strategically important contracts.

Tamboran Purrs on Fracture Injection Test Results at Shenahdoah South 1H Well

30/10/2023 Posted by Dale

Tamboran Resources has welcomed diagnostic fracture injection test results of the Mid Velkerri B Shale from the Shenahdoah South 1H well in the Betaloo Basin.

CGG Opens New UK HPC Hub, Increasing its Global Total HPC Capacity to 500 Petaflops

23/10/2023 Posted by Dale

CGG has opened its new UK HPC (High-Performance Computing) Hub in Southeast England. The initial capacity of the center is 100 petaflops, bringing the company’s global total to an industry-leading 500 petaflops.

Trouble Down Under: ‘Australia’s Electricity Market is the Most Volatile in the World’

23/10/2023 Posted by Dale

Australia’s power market is now the most volatile in the world as unexpected losses of supply from unplanned coal generation outages and transmission line issues related to natural disasters lead to huge price fluctuations, according to Rystad Energy research.

Kelvin.ai and Santos forge “groundbreaking partnership” for advancing autonomous operations in onshore upstream production

17/10/2023 Posted by Dale

Kelvin.ai, a pioneer in artificial intelligence and autonomous technologies, has signed a multi-year enterprise software agreement with Santos.

Tamboran Drills A3H in Record Time in Less Than 18 days

17/10/2023 Posted by Dale

Tamboran Resources has drilled the Amungee NW 3H well in EP 98 in a record 17.9 days, at an average daily rate of 214m and 20 days faster than the Amungee 2H well.