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 interpreted well and geological data, in order to provide a petroleum systems evaluation supported by regional interpretations and reports.
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Substantial reserves awaiting development – DW
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 been attracted to the country’s gas prospects, specifically in the Rakhine basin.
Woodside, after the discovery of the Thalin-1 well in February, has committed to an exploration program with four to seven drilling campaigns.
Senex completes pilot development in Western Surat Gas Project
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 signed a flexible 20-year gas sales agreement with key LNG counterparty Santos GLNG.
PESA students explore the Core
[caption id="attachment_51183" align="alignnone" width="350"] SAMSUNG CAMERA PICTURES[/caption] PESA WA organised the first student core workshop on the 21st of October 2016 at the DMP Core library, with the aim of providing the opportunity to PESA student members to view, learn, discuss and familiarise themselves with sequence stratigraphy and core logging, writes Marlene Woligroski. This event was planned and coordinated by students from Curtin University (Victoria Seesaha and Jordan McGlew) and University of Western Australia (Matus Kovac and David Hu), through the American Association of Petroleum Geologists (AAPG) Curtin Student Chapter and the PESA UWA Student Chapter.
ONGC innovation wins major international award
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.
Geo job prospects begin to brighten
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 September 2016, the unemployment rate amongst Australian geoscientists was 13.9% and the under-employment rate was 18.9%. The unemployment rate fell 2%, from 15.
WA workshop gets to the Core of the matter
[caption id="attachment_50789" align="alignnone" width="200"] Tidal deposits, the red bar corresponds to one lunar cycle.[/caption] THE WA Branch dug to the Core with a popular and well received annual workshop which took place at the Department of Mining and Petroleum’s Core Library in Perth. The two-day workshop, conducted on September 29-30, was presented by Robert Seggie (Woodside), Dr. Simon Lang (Chevron), Bruce Ainsworth (Chevron), Prof. Peter McCab (University of Adelaide) and Dr. Amely Allgoewe (MGPalaeo). A total of 38 people had registered to follow the course, comprising a majority of geologists and geophysicists, and a few reservoir engineers.
WA Onshore Acreage Release
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 Basin.
34th International Geological Congress Travel Grant Scheme for Early-Career Australian and New Zealand Geoscientists
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, participating in professionally-organised geoscientific conferences or conventions, etc. CRITERIA: The Scheme is open to practising geoscientists resident in Australia or New Zealand who hold a degree in geoscience (or equivalent).
Geo jobs directly linked to commodity price movements
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 – employment prospects for their membership are highly leveraged to prevailing minerals commodity prices.