Geology & Geophysics ///
In line with its continued investments in high-end imaging technology, supercomputing capacity and digitalization, CGG will employ its FWI and least-squares migration algorithms over the entire survey area of more than 10,000 km².
Lasser owns, maintains and licenses a nationwide U.S. well production database. The data will be added to TGS’ current Well Performance Database and provides TGS clients access to previously unavailable historical production data.
The United States District Court for the Southern District of Texas refused WesternGeco's request to reinstate a $100 million lost profits award against ION Geophysical, and instead ordered a new trial to determine what lost profits, if any, WesternGeco is entitled to from surveys performed by ION's customers outside of the United States.
CGG announced that its third quarter 2019 segment revenue is expected to be above $350 million, based on strong multi-client sales in the range of $160 million (including transfer fees) and steady demand for Geoscience technology and equipment.
Searcher Seismic has reached agreement with Perupetro to produce four new multi-disciplinary projects as part of its Offshore Peru multi-client campaign.
With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean, and a portion of the survey will provide 3D data coverage where no other 3D data currently exists.
Kristian Johansen, CEO of TGS, said “The acquisition fits well with our asset-light business model and provides significant momentum to deliver on our long-term strategy. Further, the combination of TGS and Spectrum has been well received by our clients who will benefit from our comprehensive data library, quality and service.”
ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set.
TGS and EnergyIQ announced the EIQ TGS Data Loader, providing advanced analysis and decision-making support by enabling clients to automatically blend industry leading data with proprietary customer data in an enterprise well master data management platform.
Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).
Halliburton launched 3D reservoir mapping, providing detailed representation of subsurface structures to improve well placement in complex reservoirs.
Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.
The AB1 recoverable oil reserves of Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft.
Aker BP is about to complete the Liatårnet exploration well in license 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 MMboe.
CNOOC Limited has announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation (Sinopec Corp.) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu basin.
Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3.
Subsea services group Acteon is adding subsea cutting expertise to its Claxton brand with the acquisition of Proserv’s international Field Technology Services and Survey business units.
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken.
Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano basin, offshore Ghana.
With Africa Oil Week (https://Africa-OilWeek.com) in Cape Town in its 26th year, this year’s event – from Nov. 4-8 – will feature, for the first time, a day-long “South African Showcase.”