Geology & Geophysics ///

PetroNeft confirms positive results from Sibkrayevskoye well

PetroNeft, an E&P company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, has provided an update on the S-375s delineation well at Sibkrayevskoye oil field.

Rise in Texas earthquakes near oil fields prompts new monitoring

Texas, home to two of the nation’s busiest oilfields, now has a new way for the public to track in real time how many earthquakes are rattling the Lone Star State since the expanded use of new drilling techniques.

Petro Matad provides updates regarding seismic program in Mongolia

Further to its announcement of Oct. 4, 2017, Petro Matad has provided the timelines and details regarding the planned seismic work program following the signing of the BGP contract, as detailed further below. The 220-km2 3D survey will be the first ever 3D seismic acquired in western Mongolia.

Energean reports first CPR results for two blocks, offshore Montenegro

Energean Oil & Gas has announced the first Competent Persons Report (CPR) for its assets offshore Montenegro, compiled by Netherland Sewell & Associates (NSAI), detailing the recoverable gas and liquids resource estimates in respect to Energean’s 100% interest in blocks 4218-30 and 4219-26.

Apache Corp. provides update on Alpine High

Apache Corp. has announced steady progress at Alpine High since revealing the discovery last year.

FairfieldNodal sets sail for deeper waters to acquire data for Libra consortium

FairfieldNodal’s project to acquire and process high-resolution 3D marine seismic for the Libra consortium has left port for deeper waters to begin work.

FairfieldNodal awarded data acquisition project offshore Trinidad

FairfieldNodal will begin a large Z700 acquisition project offshore Trinidad in late October 2017.

Gazprom Neft partnership developing Russia's first integrated IT platform for seismic data

Specialists from the Gazprom Neft Science and Technology Centre, in partnership with Yandex Terra (LLC Seysmotek), Pangea PJSC and the Moscow Institute of Physics and Technology (MIPT) are developing Russia’s first integrated platform for the processing and interpretation of seismic data, supporting the entire seismic-survey cycle, from objective setting to project completion.

Combining several proven drilling technologies makes a compelling value proposition for CTD

Clare Miszewska-Hall, AnTech Ltd.

Well interventions in declining fields are viewed as challenging, yet increasingly necessary. Despite the difficulties, advanced drilling technologies and techniques can deliver increased yields and reduced costs over traditional intervention methods in legacy assets.

Statoil reports oil discovery in Verbier sidetrack on UK continental shelf

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.

Paradigm launches new cloud-based production management solution

Paradigm today unveiled Paradigm k, its new Production Management solution, in the company’s booth #3163, at the 2017 Society of Petroleum Engineers Annual Technical Conference and Exhibition in San Antonio. Paradigm k is a cloud-based, collaborative workflow for production and reservoir engineers to support field operations in maintenance and management of the well system.

Lundin Petroleum spuds exploration well on Hufsa prospect in the southern Barents Sea

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly-owned subsidiary, Lundin Norway AS (Lundin Norway), has commenced drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533, in the southern Barents Sea.

ExxonMobil's Guyana deepwater discovery could total 2 Bbbl, WoodMac says

ExxonMobil's fifth new oil discovery offshore Guyana, proves "that deepwater can still be attractive."

SEG celebrates successful 2017 annual meeting, announces 2018 meeting in Anaheim

The SEG International Exposition and 88th Annual Meeting in Houston concluded Friday 29 September with attendance of 7,266, exceeding SEG’s “Post-Hurricane Harvey” projections by 45%. Geoscientists from more than 70 countries convened for this annual information exchange, educational, and networking event.

ExxonMobil announces fifth discovery offshore Guyana

ExxonMobil today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

Gazprom Neft discovers new offshore field in Okhotsk Sea

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has completed drilling of a prospecting and appraisal well at its Ayashsky license block, located on the continental shelf of the Okhotsk Sea. As a result, a new hydrocarbon field has been discovered, with initial in-place reserves estimated at 255 million tonnes of oil equivalent (MMtoe).

Cheap option to the oil sands emerges as hot play in Canada

Just 125 mi southwest of the Fort McMurray oil-sands hub in northern Alberta, investors are rushing to secure rights to land that produces crude at much lower costs than the massive operations the region’s known for. That’s because beneath the area’s characteristic oil-rich soil, which requires expensive extraction and refining techniques, there’s crude trapped between layers of rock that can be pumped with conventional gear.

Aker BP completes drilling of appraisal, wildcat wells in the central North Sea

Aker BP ASA, operator of production licence 442, has completed the drilling of appraisal well 25/2-19 S and wildcat well 25/2-19 A.

CGG completes first full-scale TopSeis survey in Barents Sea

CGG has successfully completed acquisition of the first-ever full-scale commercial survey using TopSeis, its latest offshore broadband seismic acquisition and imaging solution.

ION extends new 2D multi-client program offshore Panama

ION Geophysical Corporation has announced an approximate 50% extension to its previously announced program offshore Panama, due to strong client interest and prefunding to evaluate offshore Panama in advance of the anticipated license round.