Bridgeporth: Presenting at Paris EAGE workshop

Jonathan Watson, General Manager at Bridgeporth, will be presenting at an EAGE workshop on 12 June. His poster presentation will concentrate on the latest advances in gravity instrumentation, how to apply the correct technique for the correct target and how to maximise its impact on the exploration cycle.

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Geometrics: Asian Representative Meeting in Tsukuba, Japan

In April of this year, Geometrics Inc. held its first ever Asian Representative Meeting. With the amazing help of their parent company, OYO Corporation, Geometrics hosted representatives from India, Singapore, Korea, China, and Taiwan at OYO’s headquarters in Tsukuba, Japan. This was also a great opportunity for Bart Hoekstra, VP of Sales, as well as sales people, Nick Odlum and Naiema Jackson, to become better acquainted with OYO personnel.

A similar meeting was held in February of 2015 with invitations to our representatives from all over the world. What a great turn out it was! Representatives from 15 different companies flew to San Jose, California to meet and talk with us. Although this was a good turnout, there wasn’t enough time to hear from everyone. This fact prompted Geometrics to host a meeting in Asia where our Asian representatives would not have to travel so far and could have another opportunity to express their successes, concerns, and recommendations.

The Asian Representative Meeting began on April 19th with presentations by Geometrics’ sales staff about new products and future company plans. On April 20th, the entire group joined together in the evening for a spectacular traditional Japanese dinner. April 21st was Demo Day, and the sales people set out our newest products from each product line and gave demonstrations on these products. The products demonstrated include the highly anticipated Atom Passive Seismic System, the unique GeodeEM3D AMT/CSAMT System, and the innovative G-864 Cesium Magnetometer with Android Data Logger.

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Seabird Exploration : Harrier Explorer to NW Europe

2D work in NW Europe.
SeaBird Exploration is pleased to announce that it has signed a letter of award for some 2D work in NW Europe for an undisclosed client, subject to contract. The project is due to commence in third quarter and will have a duration of approximately two to three weeks. SeaBird will be using the Harrier Explorer for the project.
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PGS: President & CEO Jon Erik Reinhardsen Retires

Petroleum Geo-Services ASA  (“PGS” or “the Company”) today announce that President & CEO Jon Erik Reinhardsen (60) has informed the Board of Directors that he wishes to retire, in accordance with his employment contract. The Board has accepted August 31, 2017 as his last day of service, and initiated the process to find his successor.

Chairperson Walter Qvam said in a statement:

“We are grateful for Jon Erik Reinhardsen’s strong and very capable leadership of PGS during 10 important years for the Company. He has led the Company through the challenging years of the financial crisis and recently the oil price fall. During this period PGS has become the world’s leading marine seismic acquisition company through a strategic decision to upgrade the Company’s Ramform fleet with the most productive acquisition vessels in the world, equipped with the state of the art GeoStreamer technology. PGS has as well taken a leadership position within its MultiClient and Imaging businesses through efficiency gains and quality improvements.

After the recent successful refinancing and with the considerably reduced cost base, the Company is now well-positioned to take advantage of future market opportunities.”

Jon Erik Reinhardsen commented:

“I am honored to have met and worked with so many great people during my tenure at PGS. I thank colleagues and the Board for all their support and great cooperation and look forward to following their future success.”

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PGS and TGS Ramp Up 3D Activity Offshore Eastern Canada

      

Petroleum Geo-Services ASA (“PGS” or “the Company”) and TGS announce two new MultiClient 3D seismic projects offshore Eastern Canada. Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the joint venture is now ramping up its 3D seismic acquisition in Newfoundland Labrador with these additional projects, reflecting high customer interest in this region.

East Flemish Pass 3D Phase II is a 1,950 square kilometers extension of a 3D survey that was acquired by the joint venture in 2016 in the Eastern Newfoundland region. The survey will extend eastwards into block EL1150, which is expected to see drilling activity in the future.

Harbour Deep 3D will comprise a minimum of 2,700 square kilometers of 3D GeoStreamer data in the Eastern Newfoundland region covering a mix of held and open acreage to be included in the November 2018 licensing round under Newfoundland Labrador’s Scheduled Land Tenure system.

Following completion of these surveys the jointly-owned library will have more than 175,000 line kilometers of 2D GeoStreamer data and 19,400 square kilometers of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced MultiClient interpretation products that will improve play, trend and prospect delineation.

“Our growing MultiClient data library benefits the oil companies exploring this high potential area, and makes us well positioned for upcoming license rounds. This will be our most active season in the Newfoundland Labrador region to date, reflecting high customer interest,” says Jon Erik Reinhardsen, President & CEO of PGS.

“Newfoundland Labrador continues to attract high interest from E&P companies. We have built significant geological and operational experience in this region over many years which, combined with the leading multi-client data library, positions us well to support E&P companies in their drilling and exploration activities,” commented Kristian Johansen, CEO of TGS.