CGG has commenced acquisition of Nebula 3D, a new, large, long-offset BroadSeis™ survey located in the Campos and Santos Basins, offshore Brazil. With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean and a portion of the survey will provide 3D data coverage where no other 3D data currently exists. CGG said the company’s Geoscience’s Subsurface Imaging Centre in Rio will employ the latest, most advanced data processing techniques to deliver exceptional imaging of pre-salt structures in these prolific basins.
Feature Articles
Gulf of Mexico Lease Sale Yields More Than $159 Million in High Bids
United States Interior’s Deputy Assistant Secretary for Land and Minerals Management Andrea Travnicek has announced that region-wide Gulf of Mexico Lease Sale 253 generated $159,386,761 in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the lease sale, submitting $174,922,200 in all bids. “We are excited about the results from today’s lease sale, which show a continued upward trend for the year. The total from today’s lease sale and the March sale is the highest since 2015 for high bids,” said Deputy Assistant Secretary Travnicek.
Oil and gas sector tops Forbes 2019 list of world’s largest public firms in revenue generation
Oil and gas edged past technology and communication to emerge as the top sector in the Forbes 2019 list of world’s largest public companies with a 16.2% year-on-year (YoY) growth in revenue generation, according to data and analytics company, GlobalData. GlobalData analyzed the year-on-year change in sales and profits of the top 10 sectors by sales and the geographical spread of Forbes Global 2000 largest public companies and normalized into appropriate sectors.
US oil boom breaks records
The United States leads the world in crude oil production and continues to set new records. The US produced an average 12.2 million barrels of crude oil per day in April. That marked the first time monthly oil production surpassed 12 million barrels per day, according to the U.S. Energy Information Administration. “We are in the midst of a transformational energy era with America leading the world in oil and gas production,” Secretary of Energy Rick Perry said in a July 16 tweet. American ingenuity sparked the shale oil revolution, as U.S.
Shearwater completes survey over Shell’s Pensacola prospect
Shell, in conjunction with non-operated partner Cluff Natural Resources, has completed a 3D seismic survey extending to approximately 420 km2 over the Pensacola prospect on Licence P2252 in the Southern North Sea, offshore the UK. The survey, conducted by Shearwater GeoServices using the Polar Express, was completed on time and with no adverse incidents on 21 August, Cluff Natural Resources said. Under the farm-in agreement, Shell are paying 100% of costs of the seismic acquisition, processing and interpretation work programme until the end of 2020 or until a well investment decision is made.
Meet our Bright Sparks
Bright Sparks are people that light up our industry in ways you won’t expect. Read the unique stories of the extraordinary individuals powering our homes, towns and cities, every day. Find it here: www.bright-r.com.au/brightsparks Included in the initial group of Bright Sparks are the following 14 individuals, including several PESA members: Ishtar Barranco Mendoza, Senior Geologist Barrow Island & North West Shelf, CHEVRON (WA) Yazan Arouri, PhD Candidate – Petroleum Engineering, AUST.
ConocoPhillips files environmental plan for Barossa field development
ConocoPhillips and its joint partners SK E&S Australia and Santos have submitted an environment plan to NOPSEMA to develop the Barossa Gas Field, located 300km northwest of Darwin. The development includes bringing gas and condensate from subsea wells to a floating production storage and offloading (FPSO) facility via a network of subsea flowlines and risers. Initial processing would occur on the FPSO to separate the gas, water, and condensate. The condensate would be transferred from the FPSO to specialised tankers for export.
Gorgon starts up massive CO2 injection system on Barrow Island
Chevron Australia and the Gorgon Joint Venture participants have announced the safe start-up and operation of the carbon dioxide injection system at the Chevron-led Gorgon natural gas facility on Barrow Island, off the northwest coast of Western Australia. Chevron Australia managing director Al Williams said: “We are pleased to reach the first milestone of safely starting the operation of the Gorgon carbon dioxide injection system, one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry.
Beach submits plan to drill exploration well in the Otway
Lattice Energy, which is wholly owned by Beach Energy, has submitted an environment plan to drill a single exploration well in the Otway Basin, located approximately 32km off Victoria’s south west coast. The environment plan is under assessment with NOPSEMA and proposes that the Artisan-1 be drilled by the Ocean Onyx semi-submersible mobile offshore drilling rig. The Ocean Onyx is a conventionally moored, non-self-propelled, column-stabilised semi-submersible owned and operated by Diamond Offshore. The proposed Artisan-1 well location is at a water depth of approximately 71m.
AGS sets OBN production records in the North Sea
Norwegian ocean bottom node seismic company AGS has announced a number of seismic production records during an Utsira multi-client ocean-bottom node (OBN) seismic program. AGS said that this season’s Utsira multi-client ocean-bottom node (OBN) program, in conjunction with TGS, began on Saturday, July 3 and delivered a new company record marine source count in a single day. The crew achieved recording more than 50,000 marine sources in what was one milestone of a record seven-day acquisition window in all areas of the OBN program in the North Sea.