Latest News

Marine seismic service provider WGP Group , a subsidiary of Thalassa Holdings, has won a contract from ConocoPhillips to acquire seismic data in the North Sea. The two month shoot on the Eldfisk field is scheduled to commence in the second quarter of 2017. The Eldfisk oilfield was discovered in 1970 and approved for development in 1975. Production started in 1979 and the field also contains some gas. Eldfisk is one of the largest fields on the Norwegian continental shelf and the second...

READ MORE

APPEA says the results from the latest rounds of bidding for offshore petroleum exploration acreage, released recently, confirm a deepening problem for Australia. “The results announced today will surprise and alarm people across the industry. With just one bid in the first round of releases in 2016, offshore exploration is in dire straits,” said APPEA Chief Executive Dr Malcolm Roberts. “We are witnessing something more fundamental than just a passing, cyclical downturn. Offshore...

READ MORE

CGG announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India, as part of a new national seismic program commissioned by the Indian government. The two Indian clients purchasing the 508XT are Advent, a new seismic company, and Alphageo, a long-standing player. Both companies will use the systems to conduct two surveys each in India. Given the...

READ MORE

SeaBird Exploration has announced that it will provide one of its vessels for a 2D seismic project in South America. In a short statement, the marine seismic surveyor said it had signed an agreement to despatch the vessel for a 2D seismic survey which is expected to commence in late December, 2016 and will have a duration of approximately 45 days. The company said it would deploy the Northern Explorer for the project, but did not release further details.

READ MORE

CGG has announced what the company described as “near real-time imaging results” for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG said it had delivered the “very-fast-track (VFT) RTM PSDM volume to the client only four days after the last shot”. The Paris-headquartered geoscience company said the result was a “technical feat (that) crowned an excellent operational performance by the crew of the CGG Geo Caspian who worked in a safe, collaborative...

READ MORE

The current drilling program will comprise a multi-well oil campaign including exploration, appraisal and development opportunities, and a high impact unconventional gas exploration well. The first two wells of the campaign are located on the producing Worrior and Spitfire fields. Worrior-11 (ex PEL 93: Senex 70% and operator, Cooper Energy 30%) is a development well targeting oil accumulations in the lower Birkhead and Hutton horizons. The well is due to be spudded in mid-December. The...

READ MORE

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...

READ MORE

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...

READ MORE