Bell Geospace: Completes FTG survey for GTK in Finland

Bell Geospace, the world leader in Gravity Gradiometry, has completed a FTG survey for GTK, an agency of Finland’s Ministry of Employment and Economy.

The survey was conducted in the municipality of Inari, Finland and has provided GTK with a solid basis for geological research and mineral potential evaluation.

Work was completed ahead of time and with both environmental and livestock issues to overcome, the service provided by Bell Geospace was sensitive to local factors.

Use of Bell Geo’s Basler Turbo aircraft ensured extremely low noise emissions during the project, which minimised disruption for reindeer husbandry, a vital part of the culture and livelihood in northern Finland.

The outcomes will now be modelled with interpretation for the agency to facilitate evaluation and modelling of ore and mineral deposits.

John Macfarlane, executive vice president of Bell Geospace, comments: ‘This is the second survey we have undertaken for GTK and it has been successful in producing high quality results. FTG is a valuable source of information for the agency and having observed the logistical demands required, it is a good demonstration of how we work in partnership with our clients.

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OGA: Proposed regulations for the retention and disclosure of information and samples

OGA’s consultation seeks views from industry on the OGA’s proposals for two sets of regulations relating to the retention, and to the public disclosure by the OGA, of petroleum-related information and samples pursuant to the Energy Act 2016:

  1. Retention regulations will set out what information and samples industry will be required to retain, and for how long. Part 1 of this consultation seeks views from industry on the OGA’s proposals for what the retention regulations should contain.
  2. Disclosure regulations will set out which information and samples the OGA may disclose publicly, and the time period after which disclosure may take place. Part 2 of this consultation seeks views from industry on the OGA’s proposals for what the disclosure regulations should contain.

These proposals for regulations aim to fulfil one of the key recommendations of the Wood Review, of ensuring greater access to timely and transparent data to facilitate MER UK, while minimising burden on industry.

OGA’s consultation will close on 25 August 2017.

EMGS: Reports multi-client sales in the Barents Sea

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into a prefunding and late sales agreement related to 3D CSEM data surveys in the Barents Sea in Norway. The agreement represents revenues of approximately USD 2.5 million. The data will be acquired during second half of 2017.


Pause for thought

Seismic testing firms blasting Atlantic

Number of companies seeking federal permits to disturb marine mammals while conducting seismic tests for offshore oil and gas reserves along the Atlantic Coast from Delaware Bay to Florida’s Cape Canaveral: 5

Date through which the National Marine Fisheries Service is taking public comments on those permits: 7/6/2017

Month in which the Obama administration denied all pending permits for seismic testing in the Atlantic in response to widespread opposition from coastal communities, businesses and scientists: 1/2017

Miles away that blasts from seismic airguns can be heard, with sound levels that can harm ocean life and disrupt fisheries: 2,500

Once underway, number of hours a day the testing would take place, with blasts about every 10 seconds: 24

The shortest period of days for which a company has proposed conducting the tests: 70

The longest: 300

Number of times that marine mammal behavior would be disrupted in the first years of the testing program, according to U.S. Interior Department estimates: 13 million

Number of endangered North Atlantic right whales, whose habitat would be affected by the proposed seismic testing, left in the world: about 500

Number of East Coast municipalities that have formally opposed seismic testing and/or offshore drilling over environmental and economic concerns: 126

Number of businesses that have done so as well: 41,000

Number of commercial fishing families that have also joined the formal opposition: more than 500,000

Number of marine scientists who have warned of “significant, long-lasting, and widespread harm” to ocean life should the blasting proceed: 75

Date on which more than 100 members of Congress from both major parties, led by Reps. John Rutherford of Florida and Don Beyer of Virginia, sent a letter to Interior Secretary Ryan Zinke opposing the Atlantic seismic testing plans: 6/29/2017

Date on which South Carolina Gov. Henry McMaster, a Republican, said he also opposed seismic testing in the Atlantic: 6/21/2017

Date on which President Trump issued an executive order aiming to expand offshore exploration and drilling to new areas including the Atlantic: 4/28/2017

Of the five seismic testing companies whose permit applications are now open for comment, number that are based solely in the U.S.: 1*

Number that are based in the Southeast: 0

* The companies seeking the permits are CGG of France; Ion GeoVentures, a division of Houston-based Ion Geophysical; Spectrum Geo, the Houston division of Norway’s Spectrum ASA; TGS-NOPEC Geophysical of Norway; and WesternGeco, a division of Schlumberger, an international firm with principal offices in Paris, Houston, London and The Hague. TDI-Brooks International of College Station, Texas, also sought permits but its application was returned for revisions.



PGS: Conference Call Details for Q2-17 Results

PGS will release its second quarter 2017 results on Thursday, July 27, 2017 at approximately 8:00 am Central European Summer Time (CEST).

The earnings release and a corresponding presentation will be posted on and on PGS’ web site

A presentation is scheduled the same day at 9:00 am CEST at PGS’ headquarters at Lilleakerveien 4C, Oslo, Norway. A conference call of the event is scheduled for 9.00 am CEST – dial in to listen to the presentation and ask questions after management’s remarks.

 An additional conference call is scheduled the same day at 2:00 pm CEST.


CGG: Completion of FEL3/04 3D Seismic Acquisition

Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company today provides an operational update regarding Frontier Exploration Licence 3/04 located in the southern Porcupine Basin.  FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners Repsol Exploracion Irlanda SA (33.557%), Providence Resources (26.846%*) and Sosina Exploration Limited (2.684%). The licence contains the undrilled Lower Cretaceous “Dunquin South” carbonate exploration prospect.

The JV Partners previously agreed to underwrite and licence new multi-client 3D seismic data which were to be acquired by third party seismic contractor CGG over FEL 3/04 in 2017. The Operator has now confirmed that the 3D acquisition has finished over FEL 3/04.

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APPEA: 2017 HSE Conference is coming


With sustained low oil prices, the petroleum industry must continuously improve its strong safety and environmental performance while also controlling costs and seeking savings.
Join us this year to discuss how human factors and behaviour management, technology and innovation, collaboration with other industries and the adoption and adaption of the latest science, research, development and thought-leadership are reshaping the industry.

Program Launch and Registration Opens mid-July

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EMGS: Mandatory notification of trade

RWC Asset Management LLP, as the discretionary investment manager of the RWC European Focus Master Inc. (RWC), a primary insider of Electromagnetic Geoservices ASA (EMGS), has used their allocated subscription rights to subscribe for 8,060,030 new shares in the ongoing Rights Issue in EMGS. The price per share is NOK 2.45.

Prior to the transaction, RWC held 4,507,948 of the issued shares in EMGS.

An updated overview of the total holding of shares will be published following the issuance and allocation of the new shares.


Schlumberger: NNPC, First E&P and Slb Sign Agreement for Development of OML 83 and 85 in Nigeria

Nigerian National Petroleum Corporation (NNPC), FIRST Exploration & Production (First E&P) and Schlumberger signed today a tripartite agreement for development of the Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria.

Under the agreement, Schlumberger will contribute the required services in kind and capital for the project development until first oil. The joint project team will leverage the technical expertise of Schlumberger and the extensive local knowledge of the partners.

OML 83 and OML 85 are in shallow waters 40 km offshore in the Niger Delta. The Anyala and Madu fields are discoveries with a combined STOIIP of more than 450 million bbl and GIIP of more than 800 Bscf. First E&P holds a 40% interest in the licenses and is the operator of the asset; NNPC holds the remaining 60%.

The project will be developed with an existing FPSO and is designed to add 50,000 bbls of oil per day and 120 MMscf of gas per day. Project FID is expected to be made in December 2017, with first oil production in 2019. The investment in the project, phased over several years, is estimated at $700 million. The agreement is based on a guaranteed project return and includes a payment assurance bank facility.

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Fairfield Nodal: Personnel changes eyeing growth

With an aim to continually improve, build and diversify, FairfieldNodal said it has promoted a new chief sales officer and has added personnel focused on growing its technology portfolio and solidifying its position as a leader in QHSE readiness.

Joe Dryer has been promoted to SVP, Chief Sales Officer to lead FairfieldNodal’s domestic and international sales and business development efforts across the organization. Dryer has been with FairfieldNodal for more than 20 years, and most recently served as SVP, Fairfield Data Licensing, which he will continue to oversee.
FairfieldNodal said it views the current industry environment as an opportunity to add capabilities to its portfolio of technology, products and services, and has therefore hired Jose Xavier as Vice President of Corporate Development. He brings experience across a broad range of large and international entities, and FairfieldNodal believes he will offer great insight into the advantages of timely partnerships or acquisitions.
Additionally, Hemant Juneja joins the team as Vice President of QHSE to help consolidate and streamline accepted practices across the organization.