Shearwater GeoServices has announced the award of a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA.
This will be Shearwater’s first OBS ROV (Remotely Operated Vehicle) survey and will leverage the company’s strengths in source capabilities, operational scale and flexibility, Shearwater Geoservices said.
“Shearwater has an extensive track record of innovation and commercial success in Ocean Bottom Seismic.
Shearwater GeoServices has announced the award of a large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total.
The contract award follows an active 2019 season in the Black Sea for Shearwater, the company said.
The survey covers 5,500 sq. km in the Han Asparuh block 1-21 using Flexisource triple source together with Fast Track processing enabled by Shearwater’s proprietary Reveal software. The three-month survey starts in the first quarter of this year and will be carried out by the Oceanic Vega.
“Shearwater has a strong working relationship with Total from the execution of multiple projects and we have through 2019 built a unique working experience in the Black Sea,” said Irene Waage Basili, the CEO of Shearwater GeoServices.
CGG has announced that it had completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.
Following on from the company’s recently announced exits from seabed and marine data acquisition, this milestone marks the successful completion of CGG’s strategy to exit the seismic data acquisition business, the company said.
To date, CGG still retains a minority shareholding in the ARGAS company operating in the Middle East.
Sophie Zurquiyah, CEO of CGG, said:
Marine geophysics company PGS said it was using its digital transformation process to accelerate strategy execution and had entered into an agreement with Cognite to expedite this process.
In cooperation with Cognite, PGS has launched two digitalization workstreams aiming at improving fleet performance; refining approaches to optimize fuel consumption and reducing maintenance cost by actively monitoring equipment via contextualized data.
“As part of our digital transformation journey we are partnering with Cognite in order to extract the full value of our vessel operations and assets.
CGG announced that its Geoscience division has been awarded a contract renewal by Total, for the continued operation of its Dedicated Processing Center (DPC) in Pau, France. The new contract will run for five years starting in January 2020.
The two companies have been working in close collaboration at the DPC since 2006. Through this long-term relationship and CGG’s timely delivery of its innovative technologies and tailored workflows for a variety of environments around the world, the DPC has established a reputation for excellence, especially in 4D processing.
Sophie Zurquiyah, CEO, CGG, said:
More than 455,000 households and small businesses connected to natural gas in South Australia are set to receive significant reductions in their bills, on average ranging from about $30 to $270 per year respectively.
This follows Australian Gas Networks’ (AGN’s) publication of its South Australian Draft Plan for the five-year period commencing 1 July 2021. The Draft Plan was developed following an extensive period of consultation with customers and stakeholders.
The Draft Plan proposes an 8% reduction to gas distribution charges in real terms from 1 July next year.
CGG and Fairfield Geotechnologies have signed a second cooperation agreement to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin located in West Texas.
The new wide-azimuth datasets will provide a better understanding of the structural complexity of the transition between the CBP and surrounding basins to enhance industry drilling efforts, CGG said.
The CBP is a tectonically uplifted geological structure that separates the deep Delaware Basin and the shallower Midland Basin, which, all together, make up the greater Permian Basin of West Texas.
“Suddenly, the global LNG market is being buffeted from all directions. The market was already soft with a warm winter in North Asia and rapidly growing US production. Now the outbreak of the coronavirus has hit oil prices (to which Australian LNG prices are indexed) and spot LNG prices.”
This is according to the latest EnergyQuest report which revealed that Brent had started the month at US$67.05/bbl (A$96.03/bbl) and rose to US$70.25/bbl (A$101.34/bbl) but then fell steadily through the month to US$54.00/bbl (A$80.65/bbl) on 3 February, reflecting the expected fall in Chinese oil demand.
“There has also been a dramatic fall in Asian spot prices with the Platts JKM spot price, dropping to below US$3.00/MMBtu.
Searcher is pleased to announce the completion of its Offshore Peru OpenSeis 2D and 3D Seismic Dataset as part of its Offshore Peru Multi-Client Campaign.
The Offshore Peru OpenSeis Seismic Dataset consists of both 2D and 3D vintage seismic data which has been rectified in a post-stack reprocessing method. The data package comprises of 44,389 km of 2D and 15,526 km2 of 3D seismic data along the coast of Peru.
Offshore Peru offers high impact, moderate-risk exploration in shallow water, with high prospectivity in multiple, unexplored basins, supported by Perupetro that is welcoming foreign investment.
3D Oil Ltd, has executed a farmout agreement with ConocoPhillips Australia whereby the latter will acquire a 75% operated interest in the T/49P exploration permit in the Otway Basin offshore Tasmania for $5 million cash.
Prior to the deal 3D Oil held a 100% interest in the T/49P exploration permit, which covers 4,960km of the Otway Basin and is located adjacent to the producing Thylacine and Geographe gas fields.
The most recent agreement was finalised with ConocoPhillips on Dec 18.
“The beginning of this relationship represents an important step towards 3D Oil’s overarching strategy, to provide much needed...