Seismic
CGG GeoSoftware has donated its Jason and HampsonRussell seismic reservoir characterization software suites to Delft University of Technology (TU Delft) in the Netherlands.
The donation of a full HampsonRussell suite and the renewal of an enhanced Jason package will enable students at the Department of Geoscience & Engineering to expand their theoretical and practical knowledge of quantitative reservoir characterization and inversion techniques.
Myrna Staring, PhD student at TU Delft,...
Sercel Delivers Land Acquisition System and Neo Vibrators to Algeoland
Sercel has announced the delivery of a 25,000-channel 508XT land seismic acquisition system and 15 Nomad 65 Neo broadband vibrators to Algeoland, Algeria’s leading private geophysical company.
Algeoland will deploy the Sercel equipment to conduct a major 3D seismic survey over a 2,000-km² area of the Rhourde-Nouss desert region in north east Algeria, on behalf of the national oil company.
Sercel said the 508XT system drives productivity, data quality and adaptability to an...
Largest lease sale in history attracts a luke warm response
Seventy-seven million acres were up for grabs in the US Gulf of Mexico, however bids were only made for 815,403 acres.
The largest lease sale in history generated $124,763,581 in high bids for 148 tracts covering 815,403 acres, with 33 companies participating in the lease sale submitting $139,122,383 in bids.
Lease Sale 250 included 14,474 unleased blocks, located from three to 231 miles offshore in water depths ranging from three to 3,400 meters.
BP, with 27 bids, submitted the...
$9.1bn will be spent on Mozambique’s upstream capex by 2020, says GlobalData
An average capex of US$3 billion per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020. Capital expenditure into Mozambique’s oil and gas projects, will add up to $9.1bn over the three-year period in upstream capital expenditure by 2020, according to data and analytics company GlobalData.
Ultra-deepwater projects will be responsible for over 65 percent of $9.1bn of upstream capital expenditure in Mozambique, or $6.2bn by 2020. The deepwater projects...
CGG adds new Santos VIII multic-client survey to broadband coverage offshore Brazil
CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin.
The geoscience company said Santos VIII is the most recent survey in CGG’s vast on-going pre-salt program that delivers “ultramodern seismic data, enabling exploration companies to better evaluate pre-salt opportunities in advance of Brazil’s pre-salt licensing rounds”.
Santos VIII covers an area of over 8,000 km2 adjacent to the Peroba, Pau Brasil and...
Transocean rig heading for Phoenix South well
The Transocean-owned semi-submersible drilling rig GSF Development Driller-1 has started the final leg of its journey from Port Louis (Mauritius) to Australia for the task of drilling the Phoenix South-3 well for Quadrant Energy.
Quadrant is the operator of the Phoenix project off Western Australia with an 80% interest with Carnarvon Petroleum holding the remaining 20%.
Carnarvon said in a market update that slower than anticipated towing speeds had delayed the rig’s arrival, which...
CGG appoints three new board members
Following a board meeting on March 8, CGG has appointed three new board members.
The company announced that Colette Lewiner will replace Hilde Myrberg, who will step down following a meeting to approve the financial statements for the fiscal year ending 31 December 2018.
Lewiner graduated from Ecole Normale Supérieure and has a PhD in Physics. She is a nuclear energy specialist and worked for many years in the consultancy business in energy, utilities and chemicals. She is presently...
Stalled oil and gas exploration is a major economic risk
The latest Australian Bureau of Statistics (ABS) exploration data confirms that the slump in petroleum exploration in Australia continues.
“Yesterday, the ABS released data for 2017, confirming that exploration in Australia is stalled. Exploration expenditure is well below trend, especially in offshore basins, said APPEA Chief Executive Dr Malcolm Roberts.
“Falling exploration activity has been evident for many years but the latest offshore expenditure numbers are alarming,” he...
Sercel Sells a Sentinel HR High-Resolution Streamer System to German AWI Research Institute
CGG announced today that Sercel has sold one of its new Sentinel HR high-resolution solid streamers to the Alfred Wegener Institute (AWI), a German research foundation specializing in polar and marine research in the Arctic and Antarctic.
AWI will use the Sentinel HR on research projects it is conducting to record critical data about the relationship between geological activity and ecosystems in order to gain a better understanding of the Earth’s system.
CGG said that Sentinel HR,...
CGG GeoConsulting and Petroleum Corporation of Jamaica Announce First Reported Discovery of Live Oil Onshore Jamaica
CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.
The oil seeps were found during fieldwork for a recently completed multi-client Robertson Study (Red...