Angus Energy: Provides Update on Lidsey & Brockham Fields

 

 

 

 

Angus Energy Provides Update on Lidsey & Brockham Fields

Angus Energy is pleased to announce that operations at the Lidsey Oil Field are on schedule. Guidance given by the Company in its RNS of 8 September 2017 is unchanged.

A 9 5/8″ steel casing has now been set and cemented and the Company is preparing for the next phase of operations: drilling the 8 1/2″ section which will pass through the Kimmeridge layer. This will be followed by a 6″ section to be drilled through the Great Oolite production reservoir.

Upon completion of this well, the drilling rig will be mobilised off-site and the field is expected to recommence production.

Brockham Oil Field

Following Angus Energy’s guidance from its RNS of 11 May 2017, the Company has completed and submitted amendments to its FDP Addendum after consultation with the Oil & Gas Authority (“OGA”) to include provisions for on-site power generation. These provisions detail a safe and efficient production process which will have the added benefit of allowing the Company to repurpose surplus power to the National Grid.

In addition, the Company has now received approval for its planning application to regularise the upgraded surface infrastructure at Brockham.

Accordingly, the Company is preparing for final site preparation and subsequent production once the amended FDP Addendum is approved by the OGA. Given the required amendments to the FDP Addendum, the Company’s previous guidance regarding bringing Brockham into production by the end of the summer is now delayed. The Company will work to commence production as soon as practical following OGA approval of the FDP Addendum and will update Shareholders in due course.

Paul Vonk, Angus Energy’s Managing Director, commented:

“We are pleased with the progress of drilling Lidsey-X2 and look forward to start producing again from the Lidsey oil site in October.

We welcome these further enhancements to the Brockham site and its power generation as we continue to prepare for safe production for years to come.”

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CGG: Commences new CWAZ survey in GOM

 

 

 

 

CGG: Commences new CWAZ survey in GOM

CGG announces the start of acquisition of its first Complementary Wide-Azimuth (CWAz) survey, known as AC CWAz, a BroadSeis™ 3D multi-client program in southern Alaminos Canyon, Gulf of Mexico.

Extending over 130 OCS Blocks and covering Great White and the recent Whale discovery, AC CWAz is supported by industry funding and complements CGG’s existing surveys in the area by adding azimuth and offset coverage to the historic wide-azimuth data. All the data will be combined and reprocessed using the latest 3D deghosting, Full-Waveform Inversion (FWI), especially Reflection-based FWI (RFWI), and Tilted Transverse Isotropy (TTI) imaging technology. Fast-Trax PSDM products will be available shortly after the completion of acquisition.

Download the full size image

Jean-Georges Malcor, CEO, CGG, said: “Our AC CWAz multi-client survey builds on the success of the Encontrado survey by extending our high-quality images across the US portion of the Perdido Fold belt. This new program will provide the best images available of the complex geology and reservoirs of this highly prospective area. It also reflects CGG’s commitment to innovate and invest in solutions that enable our clients to optimize their development plans and evaluate the exploration potential in this proven region.”

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PGS: Rapid RTM Scenario Testing Improves Image Quality Beneath Salt

 

 

 

 

Rapid RTM Scenario Testing Improves Image Quality Beneath Salt

A new model building process delivers reliable high-quality images beneath very complex and rugose salt bodies such as those in the Gulf of Mexico and offshore Brazil.

Producing reliable images beneath salt bodies is a challenge. The distortions to the seismic wavefields, introduced by local subsurface complexities, are so great, that meaningful images are entirely dependent on our ability to create a velocity model that sufficiently represents the actual salt geometry. Any divergence from the geometry results in a very rapid deterioration of the image quality for all layers beneath it.

Scenario testing of different salt geometries has been employed for some time. This aims to speed-up the model building process and ensure rapid convergence towards the best subsurface image. PGS has further advanced the salt scenario testing technique with a highly efficient and interactive workflow that uses the most accurate Reverse Time Migration (RTM) imaging technology available to date.

Real-time Quality Control
The new workflow combines holoSeis 3D visualization and interpretation capabilities with some of the most advanced imaging technology. These include RTM True Amplitude Angle Azimuth Gathers (TA3GS) along with quantitative QC, to assess the seismic image quality iteratively throughout the velocity model building process. Locations of substantial image uncertainty, caused by variable subsurface illumination effects, will be identified. These areas can then be targeted for velocity model improvement, focusing salt scenario testing efforts on areas that have the biggest uplift potential.

Visit us at SEG booth #1034 to find out more about our imaging technology and the Santos Vision product.

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Spectrum Geo: Q3-17 Results

 

 

Spectrum Q3-17 Results

Spectrum ASA Will Publish Its Q3 2017 Results At 08:30 CET October 13th 2017 At Danske Bank, Bryggetorget 4 Oslo.

Spectrum ASA will publish its Q3 2017 results at 08:30 CET October 13 2017 at Danske Bank, Bryggetorget 4 Oslo. The presentation will made by CEO Rune Eng, CFO Henning Olset and COO Jan Schoolmeesters and it will also be available as webcast at www.spectrumgeo.com.

The slides from the presentation will be available in PDF format at both the Spectrum and Oslo Stock Exchange websites.

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Schlumberger: UK Gas indie to bring in SLB

 

 

 

UK Gas indie to bring in SLB

Small UK gas producer, Independent Oil and Gas (IOG), said September 25 it had signed a letter of intent and consultancy master services agreement (CMSA) with US services giant Schlumberger relating to development of its two Southern North Sea (SNS) gas hubs: Blythe and Vulcan Satellites.

The CMSA provides a framework for Schlumberger to assist IOG in the period prior to final investment decision on the SNS development project, with a joint team to be established.

“We are delighted to attract a major contractor of the calibre of Schlumberger to the project,” said IOG’s CEO Mark Routh: “We look forward to finalising terms with Schlumberger and other key contractors in the coming months.” Discussions with potential gas offtakers are progressing well, he added.

In June, Routh said that IOG has half a trillion ft³ of conventional and tight gas discoveries in the UK southern North Sea.

Meanwhile in the UK West of Shetland area, developer Hurricane Energy said September 25 it has received consent to proceed with its Lancaster oilfield early production system development (EPS) targeting first oil in 1H 2019. Hurricane CEO Robert Trice said: “Lancaster EPS is not only an essential step in planning for the full field development of the company’s Rona Ridge assets, but also represents a substantial development in its own right, with planned production of 17,000 b/d oil.”

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OGA: North Sea exploration funding announced

 

 

North Sea exploration funding announced

Chancellor announces North Sea exploration funding during Aberdeen and Dundee visit.

New exploration in the North Sea will be supported by a £5 million UK government fund for 2018/19, Philip Hammond announced today (25 September) during a visit to Aberdeen and Dundee. The funding will be used by the Oil and Gas Authority (OGA) to survey under-explored areas of the UK Continental Shelf to find potential new deposits.

The announcement came on the same day that the Oil & Gas Technology Centre in Aberdeen, which the Chancellor visited and is part-funded by the UK government, said its work with industry on new subsea technologies could help unlock 400 million additional barrels of oil and gas from the North Sea and £3 billion of additional value to the industry.

Chancellor of the Exchequer, Philip Hammond, said:

The oil and gas industry remains vital for the Scottish economy and the UK as a whole. The £5 million funding I am announcing will help exploration to find potential new deposits, and boost prospects for jobs in Aberdeen and the surrounding area. This continues the UK government’s extensive package of tax and funding support for the industry and the wider Scottish economy.I’ve seen today how Dundee has benefitted from our life sciences and creative sector funding. I now look forward to progress being made on the Tay Cities Deal, which will follow the £1 billion already committed by the UK to Scotland’s City Deals so far.

This government will continue using the UK’s broad shoulders to provide Scotland with the skills and support it needs to thrive in the future.

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Seisware: Free talks at the SEG booth 2100

 

 

 

Free talks at the SEG booth 2100

We’re excited to host a number of exceptional guest presenters at our booth this year at the SEG 2017 Annual Meeting.  

 

We’ve got free guest passes available to attend the exhibit floor, so contact us if you’d like us to send you one.

At each presentation, everyone in attendance is entered to win $100. The winner also selects a Hurricane Harvey relief charity, and SeisWare will donate $100 to the charity as well.

See details and full presentation schedules for each day on Seisware website.

Link     Daily Schedule

 

 

Schlumberger: Global Stewardship

 

 

 

Global Stewardship

Supporting science, technology, engineering, mathematics and HSE education

A long-standing focus on science and engineering has established Schlumberger as the leading technology provider for the oil and gas industry. This forms the educational outreach foundation of the company’s Global Stewardship, which includes programs that support science, technology, engineering and mathematics (STEM) education as well as health, safety and environment (HSE) workshops for youth.

The Schlumberger Global Stewardship report outlines the company’s flagship education initiatives:

Schlumberger Excellence in Education Development (SEED)

SEED is an educational program focusing on communities where Schlumberger people live and work. Through SEED, Schlumberger engages employees, educators, retirees, and volunteers around the world to share their passion for learning and science with students. A hands-on program that relies on the scientific and technological expertise of employee volunteers, SEED focuses on energy education, computer science and robotics through camps, teacher professional development, workshops, and classroom visits.

HSE for Youth

The company’s award-winning HSE for Youth program informs and empowers young people aged seven to 18 years to make responsible, safe, globally and personally considered decisions regarding HSE issues. Using a learner-centered approach with training materials adapted for HSE concerns, employees and their spouses share their expertise within communities through program workshops focused on nine health and safety topics—injury prevention, personal security, Internet safety, road safety, malaria, HIV/AIDS, Ebola, water sanitation, and climate change.

Faculty for the Future

Faculty for the Future enables women from developing economies to pursue advanced graduate studies in STEM subjects at top-tier universities around the world. Since its launch in 2004, the Faculty for the Future program has awarded fellowships to 600 women from 78 developing and emerging countries. In addition to enabling women to attend graduate school, Faculty for the Future hosts forums where fellows and alumnae share their experiences and foster scientific and academic cooperation.

Link     Global Stewardship     Faculty for the Future