Month: October 2017

 

 

 

 

 

NCS Subsea: Collaboration with Kietta

NCS SubSea is developing the Navigation and Position solution for Kietta’s new nodal system, FreeCable, which was introduced at the 2016 SEG Conference. FreeCable is an innovative solution using controlled-depth cables, kept precisely in place with ASVs utilizing NCS’s navigation and positioning solution.

FreeCable is the key to uncompromising data quality that can be acquired at high daily productivity rates. With broadband, long offsets and full azimuth coverage, FreeCable data will provide the best data for an exploration drilling campaign.

 

 

 

 

 

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SeaBird Exploration: Calling notice of Extraordinary General Meeting

The directors of SeaBird Exploration convene the Extraordinary General Meeting (“EGM”) of the shareholders for the 23 October 2017 at 11.00 (local time) at Diagoras House 7th Floor, 16 Pantelis Catelaris Street, CY 1097 Nicosia, Cyprus. The company advises that the EGM convened hereby is the extraordinary general meeting referred to in the stock exchange announcement from the company on 15 September 2017 at 19:07 CET, concerning the conversion of Class A shares into ordinary shares through the reduction of the company’s authorized share capital. The calling notice also contains proposed changes to the board of directors and nomination committee.

The agenda and other relevant documents including proxy forms are distributed to the shareholders, attached hereto and are listed on the company’s web-page: www.sbexp.com

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SeaBird Exploration: Extraordinary General Meeting completed

Reference is made to the stock exchange announcement of SeaBird Exploration PLC (“SeaBird”) on 18 September 2017, regarding the calling of an Extraordinary General Meeting (“EGM”) concerning the authorization to create and issue Class A shares after the successful completion of the Private Placement.

The EGM is now completed. The proposals on the agenda were adopted with requisite majority.

The company shall convene a 2^nd extraordinary general meeting today concerning the reduction of the company’s authorized share capital and the conversion of the Class A shares into ordinary shares.

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Expanded Abstracts from SEG Annual Meeting 2017

Link to Expanded Abstracts

 

 

 

 

Qeye Labs: Time-lapse rock physics inversion of thermal heavy oil production

Time-lapse (4D) seismic monitoring of thermal heavy oil production represents a simple, robust and cost-effective method of characterizing changes in reservoir conditions. Conventional 4D seismic monitoring techniques track changes in a reservoir by comparing differences in seismic amplitudes over time.

These amplitude differences offer insight into the spatial extent of production and injection effects, but the physical cause of the observed amplitude differences remains ambiguous. In order to properly distinguish between the effects of heated oil, steam, pressure and temperature we must extract more information from our seismic data. In this study, we combine AVO analysis and rock physics modeling in a rock physics inversion to quantify petrophysical changes in the reservoir thereby offering a more complete description of subsurface conditions.

This paper appears in SEG Technical Program Expanded Abstracts 2017

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Vessel utilization for Q3-17

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s third quarter 2017 vessel utilization as follows:

Utilization	Q3 – 2017	Q3 – 2016	FY – 2016
Utilization	92%	90%	83%
By category:
Contract Seismic	92%	86%	71%
Multi-Client	0%	4%	12%
Transit	8%	10%	12%
Yard	0%	0%	2%
Standby	0%	0%	3%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015

The Company will be releasing its third quarter 2017 report on 27 October 2017 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CEST (11:00hrs UAE).

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EAGE/ASGA Petroleum Exploration Workshop – 2nd to 4th Oct 17 in Luanda

Angola presents some interesting exploration challenges, which our acquisition and imaging solutions toolboxes are well equipped to tackle. PGS experts are looking forward to discussing how at this workshop on petroleum exploration in deepwater Angola.

Over 110 discoveries have been made offshore Angola, yielding over 20 billion barrels of oil equivalent. PGS has played an active role in this province since the 1990s. We have a long history of engagement in both pre-salt and post-salt exploration, with a comprehensive MultiClient data library on both sides of the Atlantic.

Following three decades of successful offshore exploration, in the Congo basins, this EAGE/ ASGA workshop aims to address some of the challenges faced by Angolan deepwater explorers.

Exploration of the Congo Basin was followed by the pre-salt exploration of the Kwanza Basin triggered in part by the pre-salt successes in the Santos and Campos Basins offshore Brazil. Although some pre-salt exploration within the Kwanza basin had taken place prior 2000, a large pre-salt exploration campaign formally started in 2011 with contracts for new exploration acreage within the Angolan Deep Water Congo and Kwanza/Benguela Basins. Discoveries by Maersk and then a string of discoveries by Cobalt seemed to suggest that the Kwanza Basin was likely to yield similar results to those of the Santos and Campos Basins. Disappointingly after the initial successes, the subsequent series of wells were unsuccessful, sub-commercial or encountered gas and condensate rather than oil in large commercial volumes. In addition, a number of wells encountered CO₂, sometimes associated with dry gas or even condensate.

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Announces overwhelming acceptance by creditors entitled to vote on the  Chapter 11 Plan

CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of New York by CGG SA’s 14 main foreign, direct and indirect subsidiaries, each a borrower or guarantor in respect of CGG Group’s funded financial indebtedness, have accepted the plan overwhelmingly.

Specifically, all holders who have cast ballots in respect of the Secured Loans, and 97.14% in number and 97.96% in amount of those casting ballots in respect of the Senior Notes, voted in favour of the plan.

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Geoscientists from more than 70 countries across the globe will connect in Anaheim to discuss the common threads of geophysics shared among numerous disciplines, including unconventionals, high-performance computing, near surface, seismicity, geohazards, deep water, Circum-Pacific, and more. SEG 2018 is your must-attend information exchange and networking event!