Company Updates

Searcher announces partnership with NVentures on the GeoClerk platform

17/11/2020 Posted by Dale

Geoscience data service provider Searcher has entered into a strategic partnership with upstream explorer NVentures for hosting and integrating the NVentures competitor intelligence database on its advanced geo-imagery search engine - GeoClerk.

The partnership will provide users of GeoClerk with the ability to add the NVentures database onto their GeoClerk subscription. Searcher said that in doing so, users will be able to search for geo-imagery through GeoClerk’s open-file database and the NVentures database with the platform intelligently identifying and classifying images into relevant categories.

The NVentures global E&P database consists of geology-rich reporting, maps and presentations, providing valuable and up to date information and insight to exploration teams monitoring upstream activity and local exploration results.

Sercel sells a WiNG land nodal acquisition system to Paragon Geophysical Services

17/11/2020 Posted by Dale

Sercel has announced the sale and delivery of a WiNG wireless land nodal seismic acquisition system to Paragon Geophysical Services.

Sercel announced that Paragon had selected its latest nodal technology to conduct high-production seismic surveys across the USA and to provide their clients with “the most accurate seismic acquisition data. This is achieved through the key advantages of WiNG’s System-Certified Data delivery and the proven high performance of Sercel’s QuietSeis® broadband digital sensor.”

John H. Beury III, Paragon’s CEO/Owner, said: “Paragon has always believed in providing its clients with the latest technology.

Searcher announces seismic project offshore South Africa

09/11/2020 Posted by Dale

Searcher has announced a new multi-client 2D and 3D seismic rectification project Offshore South Africa, in collaboration with the Petroleum Agency of South Africa.

The South Africa seismic data covers the Outeniqua Basin and its sub-Basins; the Bredasdorp, Infanta, Pletmos, Gamtoos, Algoa and Southern Outeniqua Basins.

Searcher said it has applied its proprietary post-stack reprocessing method to rectify navigation, metadata, amplitude, phase and time creating a contiguous database that can be easily loaded into any interpretation software.

Neil Hodgson, Searcher's VP GeoScience, said: “With the success of the Luiperd-1 well proving the spectacular commercial resource potential offshore South Africa, this then is an incredible time to be bringing a ready-to-interpret dataset over the basin to the industry.

Senex announces sale of Cooper Basin business

09/11/2020 Posted by Dale

Senex has entered into a binding agreement with Beach Energy to sell its South Australian Cooper Basin assets for an $87.5 million cash consideration.

The sale will result in Senex’s exit from the Cooper Basin after more than 20 years, and will support plans to accelerate the development of its Surat Basin natural gas assets, increasing the supply of natural gas to the east coast to support manufacturing and jobs.

Senex said that together with strong and increasing cash flow generation from its low-cost, high-margin natural gas assets, the company is well positioned to materially enhance shareholder value through its suite of Surat Basin natural gas production acceleration and expansion opportunities, and resultant capital management initiatives.

Searcher commences Perth Basin Airborne Survey

02/11/2020 Posted by Dale

Searcher has announced the acquisition of two proprietary airborne exploration surveys over the onshore Perth Basin, to be acquired on behalf of Mitsui E&P Australia (MEPAU).

The new airborne geophysical data includes two surveys over three of MEPAU’s onshore Perth Basin permits (EP455, L4 and L5) located in the Shire of Coorow and Shire of Carnamah.

Searcher have assisted MEPAU with the project planning and regulatory approvals, including obtaining feedback from local stakeholders and land managers, and operational management.

Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery

27/10/2020 Posted by Dale

Bentley Systems has announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.

Bentley said that with a plan to deliver several subsea tie-back projects over the next 10 years, Shell Deepwater Projects has recognized a significant opportunity to accelerate capital project delivery and cut project delivery time by implementing an integrated digital project and engineering environment. The solution spans project conception in the early phase design through to handover.

“Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. “

INPEX signs up for DUG McCloud

27/10/2020 Posted by Dale

DUG Technology has signed a deal with Japanese energy company INPEX to provide HPC cycles and software using DUG McCloud.

DUG Technology Managing Director Matt Lamont said the INPEX collaboration had the potential to lead to the DUG McCloud platform being used for other INPEX projects as part of a long-term relationship.

INPEX tested the platform at DUG’s headquarters in Houston before signing the contract.

“We know that once prospective clients try the software, test the algorithms and use the platform, the inherent benefits become obvious,” Dr Lamont said.

“The momentum continues to build around our High-Performance Computing as a Service business, with several companies evaluating the benefits DUG McCloud can provide.

Katalyst Data Management Launches Katalyst 360 Data Analytics Platform

17/10/2020 Posted by Dale

Katalyst Data Management has announced the launch of their new Katalyst 360 data analytics platform for the oil and gas industry.

Katalyst said This self-service data analytics environment “provides a 360-degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets.”

Katalyst 360 features analytics dashboards that are synchronized to an oil and gas company’s subsurface data.

Senex’s $30 million Roma North expansion set to create 50 construction jobs

15/10/2020 Posted by Dale

Senex has taken a Final Investment Decision to increase its gas production near Roma, in south-west Queensland, by 50 per cent.

About 50 construction jobs are set to be created and more than $30 million will be invested in expansion of the natural gas processing facility at the Roma North development, drilling of wells and construction of supporting infrastructure. The expansion is expected to be finished within the next year.

The announcement comes after Senex said last month it was set to create 100 construction jobs and support hundreds of manufacturing roles after winning a competitive tender for gas acreage that will expand its successful Atlas domestic gas project 50 per cent.

CGG’S Smart Data Solutions business wins data management contracts

15/10/2020 Posted by Dale

CGG Geoscience has announced that its Smart Data Solutions (SDS) business group has recently been awarded data management contracts representing a total backlog of about $10 million. Given the current industry context, these awards reflect the continued high priority that clients have on digitalizing and thus enhancing the value of their legacy data.

The most significant contract is for a global framework agreement signed with a major international energy company that provides for the digitization and multi-year storage of its legacy data and procurement of services related to understanding and extracting the maximum value from this asset.