Magspec: Diggers and dealers mining forum 2017

MAGSPEC Airborne Surveys will be attending the Diggers & Dealers Mining Forum in Kalgoorlie WA on August 7th 2017

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CGG: Extends Santos VII MC survey to optimise Saturno Field imaging

CGG announced today the completion of an extension of its Santos VII broadband 3D multiclient survey offshore Brazil. The 1,867 sq km extension to the original footprint gives CGG a total of almost 16,000 sq km of newly acquired and imaged pre-salt coverage.

The extension was made to fully image this highly prospective area after images recently delivered from the Fast-Track PSDM over a priority area of the Saturno field clearly indicated further structure to the east. This addition will aid in the interpretation and understanding of the Saturno field well in advance of the May 2018 lease round.

Jean-Georges Malcor, CEO, CGG, said: “Having the fast-track data available so soon after acquisition and working in close client consultation increased our confidence to extend our Santos VII survey. This addition to our already very large 3D multi-client library in the Santos Basin underlines our commitment to offering the industry ultramodern exploration data sets to support the next pre-salt licensing round.”

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OGA: Launches 30th Offshore Licensing Round focusing on mature areas of the UKCS

The Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS) totalling an area of 114,426 km2 (28,275,280 acres).

Blocks are on offer in the Southern, Central and Northern North Sea, the West of Shetland and East Irish Sea, featuring a large inventory of prospects and undeveloped discoveries. The round will make use of the new Innovate Licence, developed by the OGA in collaboration with industry to create flexible, variable licences.

To support companies in their technical assessments, the OGA recently released around 140 datapacks on undeveloped discoveries which are included in the latest round offering. Of these, around 60 contain ‘technical montages’ which provide the discovery’s history, static and dynamic information and digital subsurface data.

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UTEC: Contract with Saipem to support in Zohr field development

UTEC, a global survey company in subsea services group Acteon, has been awarded a contract with global subsea construction company Saipem to support its operations as part of the Zohr Field Development Project.

As the largest global operator of low logistics systems, UTEC will bring its experience in Autonomous Underwater Vehicles (AUVs) to the project, which is expected to be one of the biggest gas field discoveries in the Mediterranean Sea, with an estimated 850 billion cubic metres (30 trillion cubic feet) of gas in place.

UTEC will work with Saipem in performing surface positioning on-board the Saipem operated barges, Bautino and Castoro 10, and associated Anchor Handling Vehicles (AHVs), while also providing trenching support, including trench monitoring services and as-trenched surveys utilising UTEC’s Teledyne Gavia AUVs in water depths ranging from 2.5m to 20m. The contract is expected to last around five months.

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Channel Ship Services: CSS attain 2 more QHSE standards

Congratulations to CSS Limited they are the first Seismic & Offshore recruitment company to be certified in all 3 Quality, Health & Safety and Environmental internationally recognised standards.

Following a 12 month rigorous assessment process, CSS first received certification for the Quality standard ISO9001:2015 back in November 2017. Proving that they take QHSE seriously and wanting to be unique from other recruitment agencies, CSS decided to apply for the remaining two Health & Safety and Environmental standards, ISO14001:2015 and OSHAS18001:2007. Today they are pleased to announce that they have achieved all three standards.

The hard work does not stop there as they will continue to be assessed annually by external auditors for each standard completed.

Where next?

CSS plan to apply for the ISO27001:2013 Information Security Standard which deals with all aspects of information security within the organisation. This can vary from physical, intellectual to electronic security in which they will establish what is critical to their business and add controls by implementing company protocol.

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GAP Geo: Invents new technology, clinches offshore Windfarm Project in the Netherlands

A Queensland company has helped win a major contract with one of the world’s top dredging companies to find unexploded bombs in the Netherlands.

Gap Explosive Ordnance Detection (EOD) invented the technology for Dutch dredging giant Boskalis to find the unexploded munitions from WWII in the Borssele Wind Farm Zone in the North Sea.

The project is part of a multi-million dollar deal between the geo-intelligence company Fugro and Boskalis for the Dutch transmissions systems operator TenneT.

It includes survey work involving underwater cables for the planned grid connection between offshore platforms and a substation on the Dutch coastline.

Foundone

“The team will be delivering the technology in October,” said Dr Stephen Billings, director of Gap EOD.

“We’re no stranger to marine projects, having previously undertaken similar jobs over the past several years, including a major project with Boskalis Westminster in Portsmouth Harbour in the UK.”

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GAP Geo: GapEOD

Gap Explosive Ordnance Detection Pty Ltd (Gap EOD) is an industry-leading company dedicated to detection of explosive ordnance and other near-surface targets that require high accuracy and high fidelity results.

Gap EOD was established as a joint venture between Gap Geophysics and Bridgewater Geophysics in 2013, combining advanced sensor technologies and software developed over the last 25 years.

Our goal is to provide clients with better quality and less ambiguous data that are obtained in more efficient and cost-effective ways than possible with conventional instruments and techniques.

Our services are based on innovative technologies that have proven their success in a range of conditions.

Eodsurveymedium

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Polarcus: Mention – Upcoming Oil & Gas GCC IPOs To Track

Polarcus (PLCS) and Burgan Drilling have been the worst performing energy listings with shares down 100% and 79% since their public issuances in 2009 and 2005. Polarcus is a UAE based marine geophysical company while Burgan Drilling is a Kuwait based company engaged in drilling, exploration and development services for oil and gas companies.

Upcoming Oil & Gas GCC IPOs To Track

  1. Aramco, the Saudi Arabian state-owned oil company, is planning to sell 5% of its stake through a $100 billion IPO. This would be the largest IPO ever giving Aramco a valuation of $2 trillion, significantly larger than heavyweights Exxon Mobil, Apple and Alibaba. Although the actual listing may still be 2 years away, it is pushing other GCC countries to consider making the most of the opportunity by listing their companies.
  2. Kuwait Energy, Oil and gas Exploration Company is planning to list its shares on the London Stock Exchange, a first for Kuwait. The company expects to raise $150 million from this IPO, filed for an IPO in May 2017, and is expected to be valued at $1 billion after going public.
  3. Abu Dhabi’s state owned oil company, Abu Dhabi National Oil Company (ADNOC) plans to list its retail business in an IPO on the Abu Dhabi Stock Exchange by the end of 2017. As per Bloomberg reports, the company could achieve a valuation of $9 billion, and as much as $14 billion after the IPO. The company is expected to raise $1.5 – $2 billion from the public listing.
  4. Oman, the largest Arab oil producer outside the Organization of Petroleum Exporting Countries is planning to divest some assets of its state owned energy company – Oman Oil Co. The company is in talks with banks to list its shares on the Oman Stock Exchange.

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Philippines Oil & Gas: Coffee time

Coffee time with some of the Filipino National seismic crew. Great to see the guys who, as usual, are all keen to get back to work soon. Thanks for your time to meet with me.