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Sercel announced today the launch of the WTU-508 high-performance X-Tech® node as an extension of its 508XT land seismic acquisition product range. The new node offers even greater flexibility for all types of survey operations, such as complex small-scale urban surveys or high-productivity mega-crews. Fully integrated into the existing 508XT platform, it reinforces the new paradigm created by the 508XT in land seismic acquisition.

TGS has ~14,000 km of modern, high quality 2D data coverage over the blocks on offer. Link

Diakaria Koulibaly, CEO of ONAP, announced the country’s first offshore Licensing Round at the NOC assembly, in Paris.

The round will be open for six months from October 2017, with awards expected by October 2018. Companies will be able to submit bids on all open blocks.

“This is an exciting time for The Republic of Guinea. The recent successes in the Northern MSGBC Basin have increased the industry interest in this relatively under explored region, and this chain of success will steadily and inevitably flow down south to us. We currently have an active rig in our waters, drilling what we hope will be the first of many commercial successes,” commented Diakaria Koulibaly, CEO of ONAP.

 

 

Diakaria Koulibaly, CEO of Guinea’s Office National du Patrole (ONAP), has called for partners to invest in the west African country’s E&P and hydrocarbons training initiative. Guinea has high hopes for its offshore prospects. 

“Globally, Guinea is open to all partners and to anyone interested in working with us in our country,” Koulibaly told the Getenergy Global oil and gas local content event, held this week in London. He said Guinea’s oil and gas industry “draws on experiences from other countries [and is prepared to] work with international partners to achieve this.” In particular, Guinea is looking for partners to collaborate on E&P projects, and in the training of local people.

ONAP was launched in January 2016 and Koulibaly said its plan of action includes strong partnerships, such as the one it has formed with IFP, the French oil and gas training institute.

A seismic library is being established by ONAP so that Guinea’s domestic seismic structures can be better understood. Koulibaly said this is still under construction, but more precise results are required as researchers have been working with older instruments. However, Koulibaly is optimistic about a partnerships with Schlumberger and TGS to improve the quality of seismic acquisitions.

Koulibaly told the conference that the first well in Guinea is expected to be drilled next month.

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Want to know what is hot for the upcoming wells and the 24th Licensing Round in the Barents Sea? Join EMGS at booth #1416 during the EAGE in Paris next week and get an update on the latest technology and CSEM in the Barents Sea. Inquire about data viewing sessions by contacting Kristian Zahl (kzahl@emgs.com)

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Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that Polarcus will hold a series of investor presentations in connection with the 79th EAGE Conference & Exhibition in Paris, France, commencing today, Monday 12 June 2017.

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State of New Jersey Common Pension Fund D maintained its stake in Ion Geophysical Corp (NYSE:IO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,666 shares of the oil and gas company’s stock at the end of the first quarter. State of New Jersey Common Pension Fund D owned about 0.26% of Ion Geophysical Corp worth $149,000 at the end of the most recent reporting period.

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ION Geophysical Corporation (NYSE: IO) and Petroleum Geo-Services (PGS) today announced a joint agreement for ION to continue supplying Orca^® software to PGS’ fleet for another five years.  This contract extends the parties’ technology partnership in marine command and control solutions to over 30 years.

Orca seamlessly integrates and manages data and workflows for seismic data acquisition, enabling geophysical service providers to control operations in the most safe, efficient manner in increasingly diverse modes of acquisition.  The  system streamlines visibility and control to powerfully execute challenging geometries and multi-vessel operations while delivering simple, efficient processes for 2D, 3D and 4D acquisition.  Orca’s automated workflows are designed to significantly improve seismic operational efficiency through reduced downtime, minimal infill, lower costs, and shorter cycle time.

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The motivation to develop Towed Streamer EM technology was to improve CSEM data acquisition rates while increasing the sample density of the acquired data. Improving not only acquisition rates but also EM imaging and resolution has simultaneously reduced the cost of acquiring 3D CSEM while increasing its value.

PGS first commercially deployed the Towed Streamer EM system during the days of over US$100 oil. With the drop in the oil price over the intervening years, this acquisition efficiency and high-resolution data have only become more valuable to the explorationist.

This article will discuss operational and technical advantages of Towed Streamer EM acquisition using real world data and examples. The aim is to provide an objective summary of how Towed Streamer EM can assist in exploration risk reduction and to demonstrate the value of its application at various stages of the E&P lifecycle.

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JumpStart™ is a program of multi-client geoscience projects designed to accelerate industry understanding of petroleum systems and support exploration efforts. 

JumpStart™ provides a comprehensive resource of easily accessible data for evaluating petroleum systems, integrating the full suite of CGG’s geoscience capabilities with our leading acquisition and imaging.  The programs integrate all available data in a specific geographical area and frame it within a geological context. This enables clients to directly access, in one place, the reviewed, validated, calibrated and interpreted data set, in a consistent, accessible and ready-to-use format. There are currently seven JumpStart programs nearing completion, with more in the pipeline.

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Shearwater GeoServices Norway AS has received a Letter of Award (LOA) from Wintershall Norge AS for a 3D survey of Blocks PL 768/768B in the Barents Sea.

The survey covers approximately 965 square kilometers and will be acquired using the Polar Empress in direct continuation of the vessel’s ongoing survey in the Barents Sea.  “This is an important project for Shearwater and we are very pleased to receive this strategic proprietary award from a well established Norwegian operator in an active exploration area. The Shearwater fleet has significant experience operating in the Barents Sea over many years, and by design is capable of operating efficiently and safely in this harsh environment to support our clients in their exploration efforts.

The work program includes delivery of Shearwater’s advanced Pre & Post Stack Time Processing and Imaging products, further assisting our client’s decision making processes” commentedCOO Peter Hooper.

The Wintershall project further strengthens the company’s backlog prior to the Q4 winter relocation of the fleet.  The company’s secured backlog will yield a total utilisation of 90% for Shearwater’s fleet in the first three quarters of 2017.  “Needless to say we are very pleased with our performance so far and the same is reflected in the feedback we receive from our clients” says CEO Irene Waage Basili.

Shearwater GeoServices (“Shearwater”) has a fleet of four modern seismic vessels, a broad offering of high quality geophysical services including advanced processing and acquisition techniques, and two owners with complementing skills and collectively a long experience in the industry. In connection with the establishment of Shearwater, GC Rieber Shipping and Rasmussengruppen invested USD 60 million in equity.

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