Polarcus: Financial Calendar 2018

 

 

 

Polarcus: Financial Calendar 2018

FINANCIAL YEAR 2017

27.02.2018 – Quarterly Report – Q4

FINANCIAL YEAR 2018

11.05.2018 – Quarterly Report – Q1

26.07.2018 – Half-yearly Report

01.11.2018 – Quarterly Report – Q3

27.04.2018 – Annual Report

10.05.2018 – Annual General Meeting

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Fugro: Oil seepage mapping collaboration wins environmental leadership award

 

 

 

Fugro: Oil seepage mapping collaboration wins environmental leadership award

Fugro has been honoured with an Environmental Leadership Award from The Maritime Alliance, a California-based non-profit organisation that promotes sustainable, science-based ocean and water industries.

The recognition was received in San Diego during the organisation’s BlueTech Week, an international gathering of over 485 marine professionals from academia, government, and industry.

Sharing in the award was Planck Aerosystems, a drone intelligence company specialising in highly autonomous unmanned aerial systems. Fugro collaborated with Planck Aerosystems on a project to identify and map oil seepage from abandoned offshore well sites in Santa Barbara County. The work was performed for long-time Fugro customer Aqueos Corporation under contract to the non-profit environmental group Heal the Ocean. Results from this project prompted the California State Assembly to pass legislation SB-44 funding a legacy oil and gas well removal and remediation programme through 2028. The legislation was signed into law in October.

The Maritime Alliance cited the Fugro/Planck Aerosystems collaboration as a prime example of member companies working together for mutual benefit, as well as to the benefit of the ocean environment. Craig McLean, assistant administrator and acting chief scientist for the National Oceanic and Atmospheric Administration (NOAA), presented the awards.

“We are grateful to be recognised by The Maritime Alliance for this collaboration,” said Todd Mitchell, remote sensing manager for Fugro. “Partnerships such as this are an important part of our business process, and we are pleased to have helped facilitate a solution that has effected legislative change for the good of all stakeholders.”

In addition to the Environmental Leadership Award, Fugro received a Certificate of Special Congressional Recognition, signed by Representative Duncan Hunter.

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Schlumberger: Digital Technology

 

 

 

Schlumberger: Digital Technology

Harvesting collaboration with digital technologies to optimize efficiency and production

Collaboration is at the core of Schlumberger digital efforts with one of the company’s latest technology offerings bringing together diverse domains to improve efficiency and production.

Schlumberger introduced its DELFI cognitive E&P environment, which leverages digital technologies such as security, analytics and machine learning, high-performance computing and the Internet of Things to improve operational efficiency and deliver optimized production, in September during the SIS Global Forum in Paris. Schlumberger also released the DrillPlan digital well construction planning solution which is the first step in the DELFI cognitive E&P environment.

Following the SIS Global Forum, Gavin Rennick, president of Software Integrated Solutions, spoke to Hart Energy about the new releases, technology, next steps and more. The DrillPlan solution and DELFI environment are two examples of how the company is using technology to improve collaboration both within companies and in the industry.

In the article “Schlumberger Talks Harvesting Collaboration With Digital Technology” Rennick describes how digital technologies can improve efficiency and production, and how DrillPlan is developed with a focus on enhanced user collaboration—providing a new way of working for drilling teams with a solution that enables access to all data and science needed in a single, common system.

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Fugro: Data brings successful close to the search for the lost sub AE1

 

 

 

Fugro: Data brings successful close to the search for the lost sub AE1

Fugro’s role in the expedition to find HMAS AE1 has helped to solve Australia’s oldest naval mystery, 103 years after the First World War Australian submarine vanished off Rabaul, Papua New Guinea.

In waters over 300 metres deep, Fugro deployed its autonomous underwater vehicle (AUV) from survey vessel, Fugro Equator. On Wednesday, 19th December an object of interest was located and further inspection confirmed that it was AE1.

Using specialised survey technology, including a multibeam echosounder mounted on the hull of Fugro Equator and its Echo Surveyor 5 AUV, Fugro scanned the seafloor to collect detailed data. The AUV flew at a constant altitude of 35 metres, through strong undersea currents and the complex terrain of the search area, that was located between two land masses.

The resulting 1-metre resolution images provided confidence that positive identification of targets could be made. Following analysis of the data, unusual features were catalogued, assessed and prioritised for additional detailed investigation that included AUV and drop camera operations. The first images captured show the vessel is remarkably well preserved and apparently in one piece.

“The success of this campaign is due to the efforts of all the teams involved and as one of the world’s most experienced operators of AUVs, Fugro is proud to have been a part of the search,” said Paul Seaton, Fugro’s Regional Business Development Manager. “It is particularly rewarding to know that the information gained from this expedition will be held by the Australian National Maritime Museum for future generations to remember.”

Following the discovery of the submarine, a small commemorative service was conducted onboard the Fugro Equator to remember the 35 crew, made up of Australian, New Zealand and British subjects, who lost their lives in 1914. Efforts are being made to contact the descendants of the crew.

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TGS: Announces Alonso 3D multi-client project in US GOM

 

 

 

TGS: Announces Alonso 3D multi-client project in US GOM

TGS announces new multi-client acquisition project, Alonso 3D in the US Gulf of Mexico.

Alonso 3D is a multi-client survey of 6,172 km2 located in the Atwater Valley and Lloyd Ridge protraction areas of the US Gulf of Mexico. Multi-level targets exist, from Miocene to Jurassic. This project allows TGS to extend coverage from a core area in Mississippi Canyon into a more frontier area that is experiencing renewed interest from E&P companies. TGS will acquire new 3D data to provide the higher spatial resolution required to delineate multiple plays at multiple levels. Acquisition is expected to commence in February 2018. Data processing will be performed by TGS using its Clari-FiTM broadband technology.

“Alonso 3D will expand TGS’ modern 3D coverage in the deep-water Gulf of Mexico. After a period of lower activity levels in the US GOM, this survey helps strengthen our position in an underexplored area that is of interest to our clients, ahead of upcoming lease turnover. The Alonso 3D survey further adds to our GOM library which also includes successful WAZ data programs to the north of this area,” commented Kristian Johansen, CEO for TGS.

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Polarcus: Secures XArray contract in Gulf of Mexico

 

 

 

Polarcus: Secures XArray contract in Gulf of Mexico

Polarcus Limited (the “Company”) (OSE: PLCS) is pleased to announce that the Company has received a letter of award from TGS-NOPEC Geophysical Company ASA (“TGS”) for acquiring 6,172 sq.km. of 3D seismic data in the Gulf of Mexico. The survey will commence in Q1 2018 for a period of three months. The survey will be acquired utilizing Polarcus’ innovative XArray multiple source acquisition method to deliver efficient and high quality broadband data.

Following this award, all active Polarcus vessels will be on contract in Q1 2018. In combination with the additional six contract announcements made earlier in Q4, the Company has substantially improved visibility into 2018 with more than 70% of vessel capacity booked for H1 2018

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CGG: Obtains recognition of the French ruling approving its safeguard plan by the US Court as part of the Chapter 15 process

 

 

 

 

CGG: Obtains recognition of the French ruling approving its safeguard plan by the US Court as part of the Chapter 15 process

CGG announces that by an order issued today in CGG’s Chapter 15 Case, the US Bankruptcy Court recognized the ruling of the Commercial Court of Paris dated December 1st, 2017 approving its safeguard plan.

The US Bankruptcy Court’s order gives full force and effect to the French Court’s approval ruling and prohibits CGG’s creditors from taking any action inconsistent with the safeguard plan in the United States.

This order marks the final US in-court milestone before the financial restructuring of the CGG group that is to take place by February 28, 2018 can be implemented.

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CGG: ‘CGG Mistral’ Lost – Soon After MWB Conversion

 

 

15 Years Ago today

The French seismic ship CGG Mistral went down in 750m of water in the eastern Caribbean just before Christmas, a few months after her 22m conversion at Germany’s MWB Motorenwerke in Bremerhaven.

Philippe Louis-Dreyfuss, President of Louis-Dreyfuss Armateurs which owned the ship together with CGG, Compagnie Generale de Geophysique, said the ship sank after ‘a heavy fire on board’ but that all the crew had been evacuated and were safe. He gave no indication of what caused the fire.

 

It was ‘a sad and heartbreaking experience to lose a ship’ and the accident had served as “a reminder to us all that – the sea is a very hard and dangerous environment which needs and imposes respect, Louis-Dreyfuss said.

Maritime Journal reported last April on the six-month conversion of the 95m long and 15.6m wide vessel. She was completed Summer and was on her second assignment when she sank. The conversion itself was the biggest ever handled by seismic and research ship specialist MWB.

CGG Mistral, built on the hull of a former Polish fish factory vessel, was completely gutted at MWB and rebuilt with four new decks. She was also widened to incorporate additional 5,600kW of engine power.

 

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Schlumberger: Announce New 2D Multiclient Project in Egyptian Red Sea with TGS

 

 

 

Schlumberger: Announce New 2D Multiclient Project in Egyptian Red Sea with TGS

TGS and Schlumberger today announced a new 2D seismic project offshore Egypt.

Dong Fang Kan Tan 1

The project will comprise acquisition of a 10,000 km 2D long-offset broadband multiclient seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition will commence mid-December and is expected to complete in late Q1 2018.

This project is part of an agreement entered with South Valley Egyptian Petroleum Holding Company (GANOPE) in which Schlumberger and TGS have a minimum 15-year period of exclusive multiclient rights in a ~70,000 km2 open area offshore the Egyptian Red Sea.

“The unexplored offshore Egyptian Red Sea area is made up of large, untested structures and well-established hydrocarbon systems, which offer exceptional growth opportunities for oil companies. New imaging technologies are required to improve subsurface understanding and increase exploration success rates. The upcoming new multiclient 2D seismic acquisition program is the initial step in mitigating the complex salt imaging challenges of this unique opportunity,” said Kristian Johansen, CEO, TGS.

Maurice Nessim, president, WesternGeco, Schlumberger, added: “Our comprehensive geological understanding, innovative seismic imaging techniques and full integration of non-seismic methods will define new exploration trends in these prospective basins. The Schlumberger unique play-to-prospect integrated subsurface evaluation capabilities will enable customers to develop new prospectivity insight and accelerate their exploration decisions in this structurally complex area. Our program will have significant impact on the exploration potential for the entire Red Sea (600,000 km2 across 5 countries). Our collaborative approach will help customers to identify high potential play segments, assess exploration risks and accelerate hydrocarbon maturation cycles.”

GANOPE is responsible for managing the hydrocarbon resource potential at South Valley. This project is supported by industry funding.

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Fugro: To play pivotal role in Norway’s largest ever highway project

 

 

 

 

Fugro: To play pivotal role in Norway’s largest ever highway project

The largest road project in Norway’s history has seen Fugro win a second major contract from the Norwegian Public Roads Administration (NPRA).

The work on the E39 Coastal Highway will involve a 1,100-kilometre-stretch from Kristiansand in the south to Trondheim in central Norway and is estimated to require investment of approximately NOK 340 billion.

Fugro is set to begin a year-long contract, valued at approximately NOK 76 million, to carry out seabed investigations in four fjord locations where vast engineering projects are planned. The fjords – Vartdalsfjorden, Sulafjorden, Romsdalsfjorden and Halsafjorden – are in the county of Møre og Romsdal. The work is in addition to a 12-year environmental measurement programme relating to the major route, won by Fugro in 2016.

The geophysical and geotechnical data acquired by Fugro will help inform foundation designs of the bridge and tunnel solutions for the fjord crossings along the coastal route. Above and below sea level tunnels; an end-anchored floating bridge; a submerged floating tube bridge; and multi-span suspension bridge are amongst the innovative solutions being considered by NPRA to provide an improved E39 without ferries (currently seven ferries are used along the route). The new Coastal Highway will be almost 50 kilometres shorter and will cut in half the current journey time of around 21 hours.

Fugro’s work is split into two phases. Phase 1 encompasses geophysical mapping of the fjord-crossing areas and two vessels will be used to acquire geophysical and shallow geotechnical data. Survey vessel Fugro Helmert will cover shallow, nearshore areas to acquire multi-channel sparker data. From the second vessel Fugro will acquire detailed geophysical data in the deeper parts of the fjords using a remotely operated vehicle (ROV) and will also undertake seabed sampling and cone penetration testing.

“We started working with NPRA on the E39 Coastal Highway project last summer with a long-term programme to measure wind profiles, ocean waves and current profiles at three fjords,” explained Dag Sigurd Stensholt, Fugro’s Business Development Manager in Norway. “It makes us very proud to add our marine site characterisation services to such a huge and important venture.”

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