Shearwater has announced two project awards. The first, for Oil India Limited, ensuring the company’s return to India following a successful execution of this year’s season. The second, a major Brazil project by CGG under the governing long-term capacity agreement between the companies.
Shearwater said that its first deep-water OBN award was launched successfully in the second quarter, “breaking the cost curve by implementing an industry leading wide-tow triple string and triple...
Searcher has announced the launch of its latest Searcher Technology Product, GeoClerk -- an advanced geo-imagery search engine that utilizes machine learning to intelligently extract imagery and surrounding data from all types of documents and classify them into intuitive and geologically relevant categories.
Traditional search functionality queries documents by text and are unable to instinctively provide context to an image beyond words. GeoClerk, through its use of algorithmic...
PGS and ION Geophysical Corporation have announced an agreement to collaborate globally on 2D exploration data.
Both companies have modern, high-quality MultiClient data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly one million line kilometres of uniquely complementary data, including many areas of genuine broadband seismic that have substantial opportunity for integration and reimaging.
Geoprocesados and DownUnder GeoSolutions have announced the opening of a new DUG McCloud-based seismic processing and imaging centre in Rio de Janeiro, Brazil.
Operating as Geoprocesados Serviços Sismicos, this new centre will offer clients a full suite of P&I services, for both onshore and offshore projects, including advanced least-squares imaging tools such as reverse time migration and high-frequency full-waveform inversion, DUG said in a media release.
Geoprocesados General...
Cooper Energy says 1.8 petajoules of gas from the Sole gas field has been processed and supplied into the Eastern Gas Pipeline from the APA-owned and operated Orbost Gas Processing Facility.
In a market update Cooper Energy, who are contracted to supply the gas to APA Group for customers in south-east Australia, said progress on commissioning activities since March 10 had demonstrated Orbost Gas Plant’s capability to produce sales specification gas from the Sole raw gas stream.
“A...
NOPSEMA has approved a farm-out agreement which will enable ConocoPhillips to earn up to 80% of 3D Oil’s T/49P exploration permit on the proviso that the latter spends the first $43.44 million in exploration funds on the project.
The deal makes provision for ConocoPhillips to front a $5million cash payment and complete a 1580km 3D seismic survey, in return for transfer of the title of the T49P exploration licence.
Following initial drilling, 3D Oil will...
NOPSEMA has approved a farm-out agreement which will enable ConocoPhillips to earn up to 80% of 3D Oil’s T/49P exploration permit on the proviso that the latter spends the first $43.44 million in exploration funds on the project.
The deal makes provision for ConocoPhillips to front a $5million cash payment and complete a 1580km 3D seismic survey, in return for transfer of the title of the T49P exploration licence.
Following initial drilling, 3D Oil will retain a 20% stake in the...
Senex Energy has completed its 100% owned Surat Basin natural gas development project, establishing the Brisbane-based independent exploration and production company as an important supplier of gas to the domestic market.
Senex also revealed in a market update that it has completed its 80 well Surat Basin drilling campaign, down from approximately 110 wells originally planned due to continued production outperformance.
In conjunction with infrastructure partner...
PGS says it will implement further cost reductions to bring annual gross cash cost run-rate to approximately $400 million through staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures.
The Norway-based marine geophysics company said the Covid-19 pandemic and related disruption in the oil market had caused unprecedented challenges for the seismic industry and would temporarily cause a significant reduction of activity...
Senex and GLNG have agreed a short-term re-direction of around 1 PJ of natural gas from Roma North to the domestic market.
This follows GLNG’s currently lower LNG offtake requirements and material production outperformance at Roma North, Senex said in a market update.
The company said Surat Basin production continues to perform strongly, currently above 34 TJ/day, and upgraded its FY20 guidance from 1.8 – 2.0mmboe to 2.0 – 2.1 mmboe with EBITDA increasing to $45 – 55 million...