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Industry

CGG delivers data sets for Gabon South Basin

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CGG has released the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company’s recent 3D BroadSeis™ multi-client survey in the highly prospective Gabon South Basin. As technical consultant to the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons, CGG acquired the broadband seismic survey of over 25,000 km2 to support Gabon’s 11th Licensing Round. The seismic survey is part of an integrated geoscience program that will also include reviewed, resolved and...

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Substantial reserves awaiting development – DW

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MOST E&P companies have seen reserve replacement ratios declining as a consequence of a drop off in exploration and appraisal activity, energy intelligence group, Douglas-Westwood, said in a report.

The country that has bucked the trend is Myanmar, which has shaken off political and economic trade embargoes as a result of reform that saw the lifting of international sanctions in 2012. Shell, Eni and Chevron and a number of independents, notably Reliance Industries and Oil India, have...

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Senex completes pilot development in Western Surat Gas Project

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SENEX Energy has announced completion of the first pilot development in the Western Surat Gas Project on budget and ahead of schedule. The Glenora pilot marks the commencement of the development of Senex’s Western Surat Gas Project, which involves the extraction of gas from coal seams across approximately 915 km2 of acreage located adjacent to gas fields and infrastructure operated by Australian majors Santos and Origin Energy. Senex is 100% owner and operator of the project and has...

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ONGC innovation wins major international award

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INDIA’s Oil & Natural Gas Corporation (ONGC) has surfaced as the star oil and gas performer at the Bentley Be Inspired Awards Ceremony in London, scooping the Innovation in Offshore award for enterprising software and performance modelling that enabled the production and exploration company to extend the lifecycle of its critically ageing assets. With the oil and gas industry firmly focused on trimming the fat during 2016 by lightening operating and capital expenditure loads buckling...

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Geo job prospects begin to brighten

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Employment prospects for Australian geoscientists continue to improve, albeit slowly Employment prospects for Australia’s professional geoscientists continued to improve gradually in the three months between 30th June and 30th September 2016. The picture emerged in results of the latest quarterly survey by the Australian Institute of Geoscientists (AIG) in which respondents provided information about their employment prospects during the September quarter of 2016. At 30th...

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WA Onshore Acreage Release

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WESTERN AUSTRALIAN ONSHORE ACREAGE RELEASE SEPTEMBER 2016 Richard Bruce, Exploration Geologist Petroleum Division The Department of Mines and Petroleum (DMP) continues to provide access to the petroleum potential of Western Australia’s vast sedimentary basins using a specific area release system. On 13 September 2016 DMP released a total of fourteen onshore areas or blocks (see related image). This release comprises six blocks in the Canning Basin and eight blocks in the Officer...

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34th International Geological Congress Travel Grant Scheme for Early-Career Australian and New Zealand Geoscientists

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2016 Call for Applications is now open! Deadline: 31 October 2016 Specific funding is available to provide Australian and New Zealand geoscientists in the early stages of their careers with opportunities to travel internationally to further their careers as geoscientists by, for example, undertaking field work in appropriate areas, visiting and working with appropriate international experts, inspecting appropriate mines or other geoscientific features such as type localities,...

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Geo jobs directly linked to commodity price movements

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The first comprehensive review of long-term jobless data amongst Australia’s geoscientists against mineral commodity price movements over the same period has revealed a startling direct link between the two trends. As commodity prices dip, job prospects for geoscientists plummet – with little or no lag time between one outcome following the other. The results confirm what the profession’s lobby group, the Australian Institute of Geoscientists, has suspected for some time –...

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Polarcus announces broadband 3D project in Australia

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Marine seismic acquisition company Polarcus has announced that it received a letter of award for a 3D marine seismic acquisition project offshore Australia. The company revealed that to deliver the broadband dataset it will be utilizing its XArray acquisition technique - developed to deliver high quality data optimizing larger streamer spreads and which the company claims improves in-line shots by 100-250% and cross-line bin density as much as 400% on any streamer separation. It can be set...

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2D long offset multi-client survey in Barents Sea

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SeaBird Exploration has announced that the company will acquire a long offset 2D multi-client survey in the Barents Sea. SeaBird and Lundin Norway have jointly designed this survey of deep seismic profiles to be acquired in the Barents Sea during September-October 2016. The survey objective is to acquire long-offset profiles that image large scale deep seated crustal structures beneath the Norwegian Barents Sea. Lundin Norway will be supervising the processing of this unique...

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