Feature Articles

Searcher expands into mining sector with QLD airborne survey

15/02/2021 Posted by Dale

Oil and gas geoscience company Searcher has expanded into the mining sector with the completion of an airborne exploration survey in Queensland.

The new airborne magnetic and radiometric geophysical survey was acquired on behalf of Longreach in the latter’s exploration permit (EPM27423), located approximately 40 km northeast of Clermont, Queensland. The survey covers 387 square kilometres and includes 8,770km of data acquisition lines.

Searcher were contracted by Longreach to assist with project management.

Shearwater GeoServices awarded two WA multisensor 3D surveys

15/02/2021 Posted by Dale

Shearwater GeoServices has announced the award of two 3D surveys in offshore Western Australia.

“Shearwater has extensive experience operating offshore Australia and we are delighted to strengthen our position with new work in this active region. We look forward to leveraging one of Shearwater’s advanced multisensor equipped vessels to support our client in achieving their objectives”, said Irene Waage Basili, CEO of Shearwater.

The three-month campaign comprises more than 3,200 sqkm and is expected to commence in Q2 2021, employing the Geo Coral using her multisensor streamer system with a zero-offset configuration.

The announcement of this work coincides with Shearwater’s decision to open a processing and imaging centre in Perth to serve Australian and Asia-Pacific clients.

Sercel strengthens land seismic acquisition system in India

15/02/2021 Posted by Dale

Sercel has significantly increased the market position of its 508XT land seismic acquisition system in India.

The system is currently being deployed by over 30 crews, representing a total of over 110,000 508XT channels countrywide and making it clearly the system of choice in India.

Sercel said that based on its cutting-edge and unique cross-technology (X-Tech®) architecture, the 508XT land seismic acquisition system enables automatic data re-routing and local storage for seamless and uninterrupted operations with a highly flexible and robust system that adapts to the toughest terrain and weather conditions and meets all 2D/3D land seismic project requirements.

Ashutosh Kumar, CEO, Asian Energy, said: “By choosing Sercel’s 508XT, we have ensured we are using the best technology to meet our final customers’ expectations. We ha

Carbon neutral or Green LNG? GECF looks at the options

05/02/2021 Posted by Dale

Dr Hussein Moghaddam, Senior Energy Forecast Analyst Energy Economics and Forecasting Department, says demand for Green LNG is growing and has the potential to preserve natural gas as a crucial part of the energy mix.

According to the latest, 2020 edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to rise by 50% from 3,950 billion cubic metres (bcm) in 2019 to 5,920 bcm in 2050, as gas remains the cleanest-burning hydrocarbon.

In spite of that, meeting global targets for climate change mitigation is one of the biggest challenges.

PGS completes coverage of the emerging plays of the outboard Campos Basin.

04/02/2021 Posted by Dale

The Norwegian surveyor said the survey provided the first 3D seismic for Brazil’s 17th Round, scheduled for October 2021 with fast-track anisotropic PSDM products for the additional acreage set to be available in July.

The Ramform Titan began towing the largest spread ever offshore Brazil in June 2020 and returned to Campos in December. The acquisition configuration, with 14 streamers each 10 km long, is “tailored to the challenges of the Campos area”.

The vessel and its “exceptional equipment spread” maximize subsurface illumination and minimize environmental impact, acquiring the targeted coverage faster.

PGS said Ramform Titan will continue in the area on the “next phase of this exciting Multiclient program, which will deliver multi-azimuth illumination (MAZ) of presalt targets.

Long-term investment vital for Australia’s continued recovery

04/02/2021 Posted by Dale

The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission.

Acknowledging the Government’s actions taken during 2020 and as part of the previous Federal Budget, APPEA has made a number of recommendations to the Government that build on the success of these reforms.

APPEA’s five key recommendations will help to create certainty for capital-intensive industries – including oil and gas – for sustained investment that will drive job creation, increase employment opportunities and promote domestic spending.

APPEA Chief Executive Andrew McConville said reforms from the Government’s 2020-21 Budget – including the temporary full expensing and loss carry back measures – helped to guide Australia out of recession by the end of 2020.

Shearwater is awarded 3D Survey in SE Asia

04/02/2021 Posted by Dale

Shearwater GeoServices Holding AS has announced the award of a marine seismic 3D survey in South East Asia.

Shearwater did not give any details of the precise survey location, or the schedule, but said the two-month project would commence in the second quarter of 2021, covering approximately 1,500 sqkm.

MCR announces BEX Multi-Client 3D Advanced Reprocessing Project

02/02/2021 Posted by Dale

Multi-Client Resources (MCR), in collaboration with DUG, has commenced a very large 3D seismic reprocessing project over the hydrocarbon prolific Northern Carnarvon Basin, Northwest Shelf, Australia.

The Barrow-Exmouth “BEX” Multi-Client 3D Project incorporates 23 legacy 3D surveys, reprocessed using DUG’s advanced Broadband, least-squares anisotropic PreSDM and high frequency FWI imaging technology to produce one seamless 26,400 square kilometer 3D seismic dataset over the major gas producing fairways of the Barrow Sub-basin and Exmouth Plateau.

The BEX MC3D survey covers large tracts of high impact Petroleum Acreage Release areas, field development and production acreage.

CGG Commits to carbon neutrality by 2050

01/02/2021 Posted by Dale

Aligned with the company’s longstanding commitment to act responsibly and minimize the impact of its activities on the environment, in every sector of its business, CGG has announced its pledge to become carbon neutral by 2050 in scopes 1 & 2 of the Greenhouse Gas (GHG) Protocol.

CGG said that company-wide efforts are focused on continuing to improve the power usage efficiency of its data centers, offices and factories, along with increasing the share of sustainable energy in its energy supply mix, mainly through the energy purchased from utility providers.

To reach this long-term target, CGG has also set itself an intermediary milestone to reduce by half its 2019 levels of scope 1 & 2 GHG emissions by 2030.

Polarcus’ lenders take over seismic vessels after debt default

01/02/2021 Posted by Dale

Polarcus has defaulted on US$130 in debt repayments and announced that it was halting all interest and instalment payments to lenders.

On the Oslo Stock Exchange, Polarcus shares dived 30% as the company went into a trading halt, before emerging to announce that lenders had taken over six of its vessels.

The lenders are now in control of Polarcus’ Shipholding and the seismic vessels; Polarcus Asima, Polarcus Amani, Polarcus Adira, Polarcus Nadia, Polarcus Alima and Polarcus Naila.