Postgraduate students at Pakistan’s Bahria University (Karachi Campus) can now conduct more complex research into quantitative geophysics thanks to the donation by CGG GeoSoftware of a full suite of its advanced geoscience software. Exploration & production companies around the world use this software to better understand the Earth’s subsurface, manage exploration and development risks, and maximize the potential of oil and gas reserves.
Company Updates
Spectrum and TGS announce collaboration on expanded Santos Basin Multi-Client 3D Survey
Spectrum and TGS have joined forces and expanded the Santos 3D seismic program to 15,000 square kilometers over the prospective southern Santos Basin offshore Brazil. TGS and Spectrum will be equal partners with seismic data processing and imaging to be performed by TGS. The survey covers an area south of the high profile discoveries of the Santos Basin and the recent sought after blocks offered in Rounds 2,3,4,5 and 15. Rune Eng, CEO Spectrum, comments, “Spectrum is excited to cooperate with TGS in this survey over such a highly prospective area.
Wood wins new IRPC contract in south east Asia
Wood has been awarded a new contract by IRPC Plc for its Maximum Aromatics (MARS) project, leveraging its operations in the south-east Asian oil and gas market. Wood will provide frontend engineering design (FEED) for the world-scale paraxylene complex to be built at IRPC’s existing integrated petrochemical complex in Rayong Province, Thailand. The one-year contract will be delivered from Wood’s offices in Sriracha, Thailand, and secures around 100 jobs in-country.
High-End Seismic Imaging Solves Shallow Gas Challenges
The latest Q modeling, and Q-compensating imaging techniques bring greater clarity to Northern Viking Graben, CGG has announced. CGG has recently completed seismic depth imaging of its entire Northern Viking Graben multi-client survey, in the Norwegian North Sea. The latest visco-acoustic (“Q”) velocity modeling and seismic imaging technologies have been applied to BroadSeis™ broadband variable-depth streamer field data, acquired between 2014 and 2016. The final output forms a contiguous data volume covering 35,400 km².
Po Valley retains north Italian oil assets after key shareholder in private UK buyer blocks sale
Australia’s Po Valley Energy is to retain full ownership of two onshore oil fields in northern Italy after their sale to a private London-based resources company, Delta Energy Limited, was blocked by one of Delta’s large shareholders. After a year of substantial expenditure, due diligence and rising oil prices, Delta’s management is understood to have fully endorsed the acquisition of the large Cadelbosco di Sopra (Po Valley 85%) oil exploration licence and adjoining smaller Grattasasso (100%) oil exploration licence in northern Italy.
Woodside confirms successful Shwee Yee Htun-2 appraisal well offshore Myanmar
Woodside has announced that the Shwe Yee Htun-2 appraisal well in Block A-6, located offshore Myanmar, has successfully appraised the 2016 Shwe Yee Htun-1 discovery. The Shwe Yee Htun-2 appraisal well was drilled down-dip from the Shwe Yee Htun-1 well and intersected a gross gas column of 168 m (measured depth rotary table (MDRT)) (143 m true vertical thickness). A total of 41 m of net pay (true vertical thickness) has been interpreted within a high quality-reservoir.
Jadestone satisfies conditions for Montara acquisition from PTTEP
Jadestone Energy has satisfied all conditions precedent to its proposed acquisition of the Montara oil project, offshore Australia, from Thailand’s PTTEP. The independent oil and gas producer announced on Friday that the transaction was expected to complete within 10 days. PTTEP announced its decision to divest its 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in strategic locations back in mid-July.
Cairn evaluating FPSO tender bids for SNE
Cairn Energy is assessing tender responses for the FPSO facility and subsea infrastructure for its SNE field development, offshore Senegal, ahead of the front end engineering and design (FEED) phase planned for the fourth quarter of this year. Cairn, as operator, has a 40% working interest in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rufisque Offshore) alongside partners, Woodside 35% WI, FAR 15% WI, and the Senegal National Oil Company, Petrosen 10% WI, which has the right to increase its equity to 18% on development.
TGS announces new 3D multi-client survey off West Africa
Norwegian geoscientist data company TGS has announced that it will commence a new 3D multi-client in West Africa in the early fourth quarter of this year. TGS said that Jaan, a fully harmonized 3D multi-client project, will cover the southern portion of the MSGBC Basin from northern Senegal, through Gambia and the AGC zone into Guinea-Bissau and down to the Guinea transform fault. The project will consist of 11,135 square kilometres of new acquisition complemented by the reprocessing and full stack merging of existing multi-client 3D. The new data will be acquired using triple source broadband acquisition.
CGG’s MotionMap UK Data ‘Enhances Ground Risk Reports of Terrafirma Search’
High-precision ground stability measurements from CGG’s recently released MotionMap UK database will now be used to enhance the specialist ground risk reports of Terrafirma Search, the UK’s leading independent advisor on ground hazards. After signing a multi-year agreement with CGG, Terrafirma becomes one of the first UK companies to include the latest-generation MotionMap UK data, which reveals millimeter-scale changes in ground and building heights, in their suite of geological, geotechnical and environmental services.