Seis News

 

 

 

The GEBCO-NF Alumni team, which together with other teams has now advanced to the semi-finalsof the USD7 million Shell Ocean Discovery XPRIZE competition, is developing technology that can be used directly for mapping the ocean floor by the year 2030.

The aspirational objective of mapping the entire ocean floor by 2030 was announced by the chairman of The Nippon Foundation, Mr Yohei Sasakawa, in his acceptance speech at the ‘Oceans 8’ awards ceremony during the UN Ocean conference in New York, when he launched NF-GEBCO Seabed 2030, as a joint project of The Nippon Foundation and the General Bathymetric Chart of the Oceans (GEBCO).  As he said “understanding the bathymetry of the global ocean is imperative, not only for improving maritime navigation, but also for enhancing our ability to project climate change and monitor maritime biodiversity and resources”. He pointed out that less than 15% of the bathymetry of the world’s ocean floor is currently accurately mapped.

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The US Schlumberger oilfield services company will resume work with Sirte Company for Gas and Oil Production after it has stopped work in Libya for over three years, reported Libyan News Agency (LANA)

LANA added that Schlumberger’s return call came after the positive assessment of the oilfields’ security conditions of Sirte Company by a specialized foreign firm in coordination with the US company.

It also added that the security evaluation included eastern Zilton, Al-Jabal, Alwadi, Al-Laheeb, Al-Mugail, and other oilfields as well as Brega oil terminal, adding that security check will soon be run at Raguba oilfield.

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The outputs of decommissioning workshops arranged by Task Groups that report to the Decommissioning MER UK Task Force are detailed below and available on our website. These support the overall goal of the Task Force, to ‘Minimise the cost of decommissioning in an appropriate manner with a focus on delivering what would otherwise not be delivered by industry.’

• Delivery Capability Theme – Contracting and Execution Model Workshops
• Decommissioning Scope and Practice  – Southern North Sea (SNS): Subsea

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Reference is made to the announcements of 1 August 2017 and 4 August 2017 concerning the completion of SeaBird Exploration PLC’s debt restructuring.

The deposit receipts for the 54,389,711 new shares issued as part of completion of the debt restructuring have now been delivered through the VPS by the Company’s VPS registrar and are tradeable. The Company today has 57,455,145 issued shares, each with a par value of US$0.10. On this basis, the debt restructuring announced by the Company is completed, including the announced changes to the SBX04 Bond Loan.

Link

Diggers and Dealers	7 Aug 17 – 8 Aug 17	Kalgoorlie	Link
Paradigm	8 Aug 17	Lunch & Learn	Link
Spectrum	11 Aug 17	Q2-17 Financials	Link

 

 

CGG announced today the start of its Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin, in South-East Australia. The project will offer the industry the highest-resolution 3D seismic data available in this extremely prospective area.

Historically, imaging the Gippsland Basin’s shelf break and numerous submarine channels has proven extremely challenging. With the application of CGG’s latest high-end technology and workflows, including advanced de-multiple and high-frequency FWI, the Gippsland ReGeneration project will deliver significant reservoir imaging improvements, reveal new potential deep reservoir targets and extensively improve understanding of the basin.

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The seven additional blocks are:

110/5,   110/10,   110/16,   110/18,   113/24,   113/29,   113/30

The Blocks were not initially on offer pending clarification of boundary lines between the Landward and Seaward licensing regimes.

Further details about the 30^th Offshore Licensing Round, which closes for applications on 21 November 2017, can be found here

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Reference is made to the announcement of 1 August 2017 concerning the completion of SeaBird Exploration PLC’s debt restructuring.

As part of completion of the debt restructuring, the board of directors of SeaBird Exploration PLC has resolved to issue 54,389,711 new shares. The new shares will upon registration by the Registrar of Companies in Cyprus be delivered to investors in the VPS, expected to take place on or around 8 August 2017. After the registration of the new shares, the company will have 57,455,145 issued shares, each with a par value of US$0.10.

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The Oil and Gas Authority (OGA) will be hosting a number of seminars at the Aberdeen Exhibition and Conference Centre (AECC) during the SPE Offshore Europe Exhibition and Conference 2017.

The sessions will be as follows:

Tuesday 5th September, 14.15-15.45

Revitalising Exploration through the 30th Licensing Round and Supporting Data, hosted by Nick Richardson – Head of Exploration and New Ventures, Room 1, Main Conference Building (Red Area), AECC

Wednesday 6th September, 11.30-13.00

Overview of Decommissioning, led by Gunther Newcombe – Operations Director and Bill Cattanach – Head of Supply Chain, Room 1, Main Conference Building (Red Area), AECC

Thursday 7th September, 10.30-12.00

An OGA Perspective on Collaboration, led by Scott Robertson – Area Manager (CNS) and Simon Churchfield – Commercial Manager, Room 1, Main Conference Building (Red Area), AECC

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Spectrum, in collaboration with the Direction Generale des Hydrocarbures (DGH), has completed the first phase of its 3D Multi-Client seismic acquisition program offshore Gabon.

The 11,400 km² Gabon South 3D survey which collected data at water depths of 28-850 m over the Gryphon blocks, was successfully accomplished at the end of July ahead of schedule and without incident. Gravity and magnetic data was also acquired in conjunction with the seismic data. The survey now offers the most up-to-date 3D imaging of an area which covers a number of under-explored shallow water open blocks on trend with existing production in Gabon and major new discoveries in the Congo. It will significantly accelerate evaluation of the area for future License Rounds, facilitating immediate activity when the blocks are awarded.

Spectrum plans to continue this shallow water program through the acquisition of a 5,500 km² 3D survey over open acreage in Northern Gabon.

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