Company Updates

Notification of Airborne Gravity Survey Operations in Victoria

21/12/2023 Posted by Dale

The 2024 airborne gravity survey across southern and eastern Victoria is about to recommence operations over the Gippsland and Hume regions including offshore, having previously completed survey areas in the Colac-Otway, Gippsland and Hume regions.The airborne survey is being collaboratively organised through Surveyor-General Victoria within the Department of Transport and Planning (DTP), Geological Survey of Victoria within the Department of Energy, Environment and Climate Action (DEECA) and Geoscience Australia (Commonwealth Government).

The objective of the project is to collect consistent and evenly distributed gravity measurements.

PGS to Commence 3D Seismic in Asia Pacific

11/12/2023 Posted by Dale

PGS has been awarded a 3D exploration contract in Asia Pacific. The company has not revealed which country this is in.

PGS and TGS Shareholders Approve Merger Plan

02/12/2023 Posted by Dale

TGS and PGS jointly announced that their respective boards of directors have unanimously approved and decided upon a definitive merger agreement in line with terms previously announced.

Petrobras and Shearwater Enter Collaborative Agreement to Reshape Seismic Exploration and Field Developments

27/11/2023 Posted by Dale

This multi-year strategic partnership is set to evolve the seismic industry to new levels of performance.

Tamboran Starts Stimulation at SS-1H

27/11/2023 Posted by Dale

Tamboran has commenced stimulation activities at the Shenandoah South 1H (SS-1H) well pad within its 38.75 per cent owned and operated EP 117 permit.

The program, which is planned to include 10 stimulation stages over a 500-metre (1,640-foot),horizontal section within the Mid-Velkerri B Shale, is expected to be completed in December.

The campaign is being conducted by Condor Energy Services.

On completion of the stimulation campaign, production tubing will be installed ahead of the flowback of stimulation fluid and gas breakthrough.

Tamboran expects to release 30-day initial production (IP30) flow rates in the first quarter of 2024, subject to weather conditions and the timing to flow back stimulation fluid to achieve gas breakthrough.

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.