Woodside: Safety regulator gives nod for offshore drilling plan

 

 

 

Woodside: Safety regulator gives nod for offshore drilling plan

Australia’s oil and gas regulator NOPSEMA has accepted Woodside Energy’s environment plan for the operations at WA‐404‐P block offshore Western Australia.

Woodside plans to drill up to three exploration wells and up to three appraisal wells including the Ferrand exploration well, using a semi-submersible drilling rig. A MODU with similar specifications to the Ocean Apex or Atwood Osprey will be contracted for the Petroleum Activities Program.

The company also plans to re-enter previously drilled and suspended Noblige‐1 for well plug and abandonment. The MODU will be positioned at the Noblige-1 location and the BOP will be deployed onto the wellhead. The abandonment of Noblige-1 may include drilling through the existing cement suspension plug to gain access to the Noblige-1 wellbore to allow pumping of cement abandonment plugs.

Drilled cement cuttings (8 m3 total volume) would be discharged to sea bed in the same manner as conventional cuttings. The well will then be abandoned and BOP will be removed.

The proposed activities will be taking place approximately 260 km north‐west of Dampier, Western Australia. The closest landfall to the permit area is the Montebello Islands which is approximately 138 km south at the closest point.

The Australian oil and gas company expects to start working in the offshore block during the first quarter of 2018, with the drilling of the Ferrand-1 well.

Drilling of the Ferrand-1 and other exploration wells is expected to take approximately 90-120 days per well (including mobilization, demobilization and contingency) to complete.

Similarly, appraisal wells are expected to take approximately 90-120 days, excluding well testing activities. Well testing is expected to take approximately 25 days. The re-entry plug and abandonment of Noblige-1 is expected to take approximately 30 days.

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Geospace Technologies: Q1-18 Results and Conference Schedule

 

 

 

Geospace Technologies: Q1-18 Results and Conference Schedule

Geospace Technologies has announced that it will release first quarter 2018 financial results on Tuesday, February 6, 2017 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Wednesday, February 7, 2018 at 10:00 a.m. Eastern Time (9:00 a.m. Central).

What: Geospace Technologies First Quarter 2018 Conference Call
When: Wednesday, February 7, 2018 at 10:00 a.m. Eastern Time (9:00 a.m. Central)
How:

Live via phone – U.S. participants can dial toll free (866) 518-6930. International participants can dial (203) 518-9797. Please reference the Geospace Technologies conference ID: GEOSQ118 prior to the start of the conference call.

For those who cannot listen to the live call, a replay will be available for approximately 60 days and may be accessed through the Investor Relations tab of our website: www.geospace.com.

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

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Rosgeo: Awarded 3D survey in Kara Sea for Gazprom Geologorazvedka

 

 

Rosgeo: Awarded 3D survey in Kara Sea for Gazprom Geologorazvedka

JSC ROSGEO has won the open request for proposals for the selection of a contractor for 3D field seismic surveys in the Leningradsky and Nyarmeysky license blocks of the Kara Sea for the needs of LLC Gazprom Geologorazvedka. The relevant tender evaluation report has been posted on the website of the electronic trading platform. The tender commission of PJSC Gazprom has recognized the application of JSC ROSGEO as the best.

The main objective of the work is to obtain high-quality seismic data in the volume of 1,650 sq. km on the full offset area within the license blocks. The surveys will provide the study of the geological structure of the area of work on the Cretaceous and Middle Jurassic deposits, with which the main part of the oil and gas potential is associated.

The scientific-research vessel Akademik Primakov will perform the work. The vessel, acquired by the holding company in 2017, tows up to 16 seismic streamers. The scientific-research vessel Akademik Primakov has a high sea endurance and is able to operate in remote water areas. A modern laboratory and a computer complex for express processing of primary geophysical data are on board the vessel. According to the results of the field season of 2017, the scientific-research vessel Akademik Primakov showed a productivity 15% higher than that of the main market members, and also high quality of the geophysical data obtained.

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SEG: Wide Azimuth Data: Does It Really Pay Back? – Workshop

 

 

 

SEG: Wide Azimuth Data: Does It Really Pay Back?

Workshop by Paradigm
February 06 – 08, 2018
Muscat, Oman

Paradigm is proud to announce that a paper co-authored by Kashif Shaukat, Geophysics Technical Advisor, and Richard James Leaver, Senior Geophysicist, has been accepted to the SEG Workshop: Wide Azimuth Data: Does It Really Pay Back?, to be held in Muscat, Oman from February 6-8, 2018.

 

The paper, “Improved Imaging for Prospect Definition on Conventional and Full/Wide-Azimuth Data“, includes case studies that use the wavefield separation approach to deliver significant enhancements in structural resolution in different geological settings.

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CGG: Geosoftware donates Jason characterisation software to University of Oslo Geoscience Department

 

 

 

CGG: Geosoftware donates Jason characterisation software to University of Oslo Geoscience Department

CGG GeoSoftware has donated its Jason reservoir characterization software suite to the University of Oslo (UiO). Complementing an existing donation of GeoSoftware’s HampsonRussell software, UiO’s Department of Geosciences will now benefit from a more complete seismic reservoir characterization package to enhance scientific research and expand the theoretical and practical knowledge of its students in quantitative reservoir characterization and inversion techniques.

As Norway’s oldest institution for research and higher education UiO contributes to innovation directly through commercialization of research findings, and through cooperation with business partners and the public sector. Following a merger between its Geology, Physical Geography and Geophysics departments in 2003, the Department of Geosciences is the widest-ranging earth sciences department in Norway, offering a broad spectrum of disciplines from deep mantle processes to atmospheric sciences.

Dr. Nazmul Haque Mondol, Associate Professor, Petroleum Geology and Geophysics, said: “Having seen the extensive and integrated range of solutions the Jason software package can offer, we wanted our students to have access to such tools by incorporating them in our teaching and research program. Now students can use industry-leading technology like Jason for their learning and research and also become familiar with the software they are likely to use when they enter the workplace.”

Kamal al-Yahya, Senior Vice President, GeoSoftware, CGG, said: “Through our University Donation Program, CGG GeoSoftware is committed to supporting the technological education of the next generation of geoscientists. Given that UiO offers the broadest research-based geoscience advanced learning environment in Norway, it is a privilege to develop close ties with students at the Department of Geosciences to help them understand how Jason’s innovative reservoir characterization techniques can be successfully applied to the challenges of real-world scenarios, particularly those looking to pursue a career in geoscience.”

CGG GeoSoftware has been donating its software for research and training purposes since 1986 and over 130 universities and colleges now participate worldwide.

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Polarcus: Notice of Extraordinary General Meeting

 

 

 

Polarcus: Notice of Extraordinary General Meeting

Reference is made to the stock exchange notice published on 26 January 2018 in which Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announced the successful allocation of subscription for new shares subject to the satisfaction of certain conditions. Issue of these shares requires an increase in the Company’s authorised share capital.

In this connection, notice is hereby given of an Extraordinary General Meeting of Polarcus to be held on 15 February 2018 at 10:00 (Dubai time) at the offices of Polarcus DMCC, Almas Tower, Level 32, Jumeirah Lakes Towers, Dubai, United Arab Emirates.

Please find the Notice and shareholder proxy attached. Attendance slips and shareholder proxies should be returned to the company secretary in accordance with the instructions set out in the Notice.

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OGA: Excellent response to 2017 UKCS Stewardship Request, Activity Section 97% complete

 

 

OGA: Excellent response to 2017 UKCS Stewardship Request, Activity Section 97% complete

On 1 November 2017, the OGA launched the 2017 UKCS Stewardship Survey (the Survey) incorporating feedback from Operators and Licensees. Submission of the Activity sections of the Survey was requested by 19 January 2018, with the remaining sections to be submitted by 28 February 2018.

The data provided in the Survey is used by the OGA to create a single source of current, aligned and robust data covering the whole asset life cycle across the UKCS. These data underpin all aspects of the OGA’s functions and serves to facilitate a better understanding of issues facing the industry and opportunities that can be exploited to contribute to maximising economic recovery of UK petroleum (MERUK). The OGA also uses the data submitted to generate reports which are shared with industry throughout the year.

Gunther Newcombe, the OGA’s Operations Director said ‘I am very pleased to note that submission of the Activity sections by the deadline exceeded 97%, which is a significant improvement compared with last year, and I would like to thank all those involved so far in the collation, QC and submission process.’

The OGA would like to encourage Operators and Licensees to complete the remaining parts of the Survey at the earliest opportunity ahead of the end February deadline.

In late 1Q 2018, we will be undertaking a short feedback session to gauge the industry response to this year’s Survey and how we can continue to improve.

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OGA: New leaders appointed to MER UK Task Force groups

 

 

OGA: New leaders appointed to MER UK Task Force groups

As the first MER UK Forum in 2018 gets underway in Aberdeen today, the Oil and Gas Authority (OGA) is pleased to announce Task Force chairperson appointments, who will continue to drive change to build a globally competitive UK oil and gas industry:

Bill Dunnett, managing director of Repsol Sinopec, takes up the position as chairman of the Technology Leadership Board, taking over from Paul White, managing director of Baker Hughes GE.

 

Nick Terrell, manging director of Azinor Catalyst, becomes the new chairman of the Exploration Task Force, succeeding Phil Kirk, CEO at Chrysoar.

 

 

Jon Graham, managing director and vice president of Apache North Sea, will chair the Asset Stewardship Task Force, superseding Ray Riddoch, managing director of Nexen.

 

 

The MER UK Forum brings together government, industry and the OGA with the objective of maximising the economic recovery of the UK’s resources (MER UK). The Forum is pleased to welcome the newly-appointed Energy and Clean Growth Minister, Claire Perry to the first meeting of 2018.

As part of the Forum, the new chairpersons sit on the MER UK Steering Group which oversees six task forces which work on the following priority areas – technology, exploration, asset stewardship, decommissioning, efficiency and supply chain and exports.

Mr Dunnett commented on his appointment: “I am delighted to chair the Technology Leadership Board and look forward to working closely with the MER UK Steering Group to create a differentiator for the North Sea industry and to address some long-standing technological opportunities.”

Mr Graham said: “I welcome the opportunity to contribute to the work of the Asset Stewardship Task Force which has made a positive difference in supporting the Steering Group in the journey towards achieving MER in the UKCS”.

Mr Terrell added: “As the industry starts to recover from the recent downturn, the continued revitalisation of UK exploration is fundamental to the longevity of our world class basin. I look forward to working with the MER UK Steering Group and all Task Force members to help drive UK exploration activity forward and attract the globally mobile capital that it deserves.”

Chief Executive of the Oil and Gas Authority, Andy Samuel, and co-chair of the MER UK Forum and MER UK Steering Group, welcomed the new members to the first steering group meeting of 2018, held on January 25, 2018:

“The industry has accomplished many positive changes through the recent difficult times and we have been very fortunate to have the support of talented and experienced leaders in achieving this progress. I would like to take this opportunity to thank those leaving the Task Forces for all their hard work, commitment and service to the industry.

“This year, we are looking forward to drawing on the experience and perspective of our new members as we aim to further strengthen this vital sector and deliver on Vision 2035.”

Dr Samuel added: “We are very much looking forward to welcoming the RT Honourable Claire Perry MP, Minister for Energy and Clean Growth to her first MER UK Forum meeting, held today in Aberdeen.”

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Magseis: Summons and Agenda for EGM – 16 Feb 18

 

 

 

Magseis: Summons and Agenda for EGM – 16 Feb 18

The Board of Directors (the “Board”) hereby calls for an Extraordinary General Meeting in Magseis ASA (the “Company”) to be held on 16th February 2018 at 2 p.m. Norwegian time in the Company’s premises at Dicks vei 10, 1366 Lysaker.

The notice of the Extraordinary General Meeting has been sent to all shareholders in the Company with known address. In accordance with the Company’s Articles of Association this calling notice with all appendices will be available on the Company’s web-pages, www.magseis.com. Upon request to +47 23 36 80 20 or by e-mail to trine.langoy@magseis.com from a shareholder, the Company will mail the appendices to the shareholder free of charge.

Shareholders who wish to attend the General Meeting, either in person or by proxy, are requested to complete and return the attendance slip attached hereto as Enclosure A to DNB Bank by 14 February 2018 Norwegian time 4 p.m.

The following items are on the agenda:

1. OPENING BY THE CHAIRMAN

2. ELECTION OF PERSON TO CHAIR THE MEETING

3. APPROVAL OF THE CALLING NOTICE AND THE AGENDA

4. ELECTION OF A PERSON TO CO- SIGN THE MINUTES OF MEETING TOGETHER WITH THE CHAIRPERSON

5. APPROVAL OF PRIVATE PLACEMENT

6. APPROVAL OF AUTHORISATION TO THE BOARD TO ISSUE SHARES IN CONNECTION WITH A SUBSEQUENT SHARE ISSUE

7. THE BOARD OF DIRECTORS IS AUTHORIZED TO AMEND THE COMPANY’S ARTICLES OF ASSOCIATION TO REFLECT NEW NUMBER OF SHARES AND SHARE CAPITAL

Full Agenda

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Spectrum Geo: Landmark Agreement Paves the Way for New Seychelles-Mauritius JMA Seismic

 

 

 

Spectrum Geo: Landmark Agreement Paves the Way for New Seychelles-Mauritius JMA Seismic

On 11th January 2018, the Joint Commission administering the Joint Management Area (JMA), located over the Mascarene Plateau between Mauritius and the Seychelles, signed an Agreement with Spectrum Geo to acquire a 20,000 km broadband 2D Multi-Client seismic survey over the JMA. This new dataset, to be acquired and processed by Spectrum, lies within exploration blocks already delineated by the proactive Joint Commission under their Hybrid Open Door Licensing System. This modern broadband seismic dataset will offer a valuable tool for those interested in exploring this area, providing unique insight into the oil and gas prospectivity of the region.

The Agreement was signed by Dr. M. R. Badal, Director General of the Mauritian Ministry of Defence and Mr. Graham Mayhew, Spectrum’s Executive Vice-President, Africa, Middle-East and Mediterranean Regions, with Mr. P. Michaud, Special Advisor to the Vice-President of Seychelles, in attendance. It is the first Agreement of its kind following the ratification of landmark treaties between the two countries in 2012 which concerned management of the continental shelf of the Mascarene Plateau Region, and extended their joint jurisdiction by 396,000 km2. Since then, Mauritius and the Seychelles have been developing a legal and institutional framework. Several documents have already been created including a Model Petroleum Agreement, Environment Code of Practice, Offshore Petroleum Safety Code, and the Joint Fiscal and Taxation Code.

Despite its location in the middle of the Indian Ocean, approximately 20% of the JMA area is in shallow water of less than 1000 m. This area is surrounded by oceanic crust of Cretaceous age, yet this shallow depth demonstrates that the crust has an anomalously low density. Spectrum has modelled gravity response over the JMA to be compatible with a fragment of the Madagascar-West Indian Jurassic and Early Cretaceous Crust.

Neil Hodgson, Executive Vice-President, Geoscience, Spectrum, commented on the unexpected prospectivity of this area, “Our basin modelling puts the potential Seychelles style pre-volcanic source rocks into the oil window; this is corroborated by the presence of high quality oil slicks above the prospective area captured on satellite data. A live working hydrocarbon system lying unexplored below the basalts across this whole area is clearly demonstrated. Modern seismic acquisition and broadband processing techniques will allow us to reveal the oil potential of this fascinating basin.”

Pre-funding opportunities for this unique seismic program are available now.

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