Company Updates

CGG Develops a Centre for Advanced Imaging for PETRONAS Carigali Sdn Bhd

03/09/2018 Posted by Dale

CGG and PETRONAS Carigali, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), have agreed on collaboration to provide access to CGG’s latest technology and expertise in high-end seismic and multi-physics imaging and reservoir characterization, the Paris-based geoscience company announced. CGG said it had received a five-year contract by PETRONAS Carigali to develop a Centre for Advanced Imaging (CAI) to be operated by PETRONAS Carigali at its headquarters in the landmark...

FAR finalises well location for exploration program in Gambia

27/08/2018 Posted by Dale

FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration programme. This follows reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR announced recently. The Samo Prospect lies immediately to the south and along trend from the giant SNE oil field in Senegal – a trend which has so far seen nine successful exploration and appraisal wells (at 100% success rate). The...

Dorado oil well discovery is right off the top Shelf

21/08/2018 Posted by Dale

Carnarvon Petroleum has announced that 171 million barrels of oil discovered at the Dorado well represented “one of the largest oil resources ever found on the North West Shelf”. The Perth-based explorer said oil fields of this scale were not often found, with the last large field discovery on the North West Shelf occurring about 30 years ago. “It is common for additional resources to be discovered in the surrounding area after a large discovery. In this regard we expect to...

Bass says steady oil prices piqued production in July

21/08/2018 Posted by Dale

Melbourne-based oil and gas producer Bass Oil says continued high monthly average oil prices of US$68.52 had piqued performance at its 55%-owned Tangai-Sukananti oil field onshore Sumatra, Indonesia, in July. The company said during July production volumes had totalled 11,350 barrels of oil (6,243 barrels net to Bass) and sales volumes 11,628 barrels of oil. However, production and sales had been impacted by scale problems at production wells. Bass said a remediation program underway...

MGPalaeo and Petrosys to expand GPinfo’s Capabilities

20/08/2018 Posted by Dale

MGPalaeo, Australian biostratigraphic experts, and Petrosys, an industry leader in mapping, surface-modeling and data-management software solutions, have signed an agreement that will allow data from MGPaleo’s AUSTRALIS™ geological database to be made available within the GPinfo data visualisation and manipulation package. In a media release, MGPalaeo announced that from August 2018, GPinfo subscribers will be able to view a high-level summary of all available geological data...

Ironbark takes its Cue for a delayed crescendo

13/08/2018 Posted by Dale

Cue Energy has been granted a 12-month extension and suspension on exploration permit WA-359-P, host to the Ironbark gas prospect offshore Western Australia, entailing work commitment deferrals. The Melbourne headquartered oil and gas company said the National Offshore Petroleum Titles Administrator had notified it of the extension, which was to allow Cue to time for detailed well planning using newly available data and preparing for drilling the Ironbark-1 well, which is targeted for...

Wood wins new contract for Scarborough gas field development

13/08/2018 Posted by Dale

Wood has been awarded a new contract by Woodside to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia. Wood said secured under a long-standing master services agreement, this latest contract extends the company’s 35-year relationship with Woodside across their asset portfolio. Concept definition level engineering associated with the floating production unit, subsea umbilicals, risers and flowlines, flow assurance...

TGS announces updates to Australian data library

09/08/2018 Posted by Alison McLeod

TGS is pleased to announce that the purchase of the Capreolus 3D seismic survey from Polarcus has been completed. The Capreolus, full broadband 3D seismic survey is 22,130 km² and covers two hydrocarbon provinces with proven, but underexplored, oil and gas plays both in the Beagle and Bedout sub-basins offshore north-west Australia.

Capreolus 3D includes modern 3D coverage over the Phoenix South and Roc oil and gas discoveries. Additionally, Capreolus 3D also spans the Dorado-1 exploration...

Phoenix South-3 slow but steady to target

07/08/2018 Posted by Dale

Quadrant has cemented the liner to around 5,205 meters and is drilling ahead to target depth at the Phoenix South-3 well off north Western Australia. Carnarvon Petroleum, which has a 20% interest in the Phoenix project with JV partner and operator Quadrant holding the 80% balance, announced that the GSF Development Driller-1 semi-submersible rig was drilling ahead to a depth of approximately 5,500m. The previously drilled Phoenix South-2 well was unable to fully evaluate the Caley...

Bight offers huge benefits for State and nation

07/08/2018 Posted by Dale

Potential Bight benefits great for State and nation Successful oil exploration in the Great Australian Bight could see the creation of more than 2,000 jobs in South Australia and generate over $7 billion in average annual tax revenue to Federal and State governments over the next four decades, a new study has found. The indirect benefits of the activity and the associated tax revenue could see almost 5,000 jobs created across Australia in the period between 2020 and...