Axxis Geo Solutions to carry out North Sea OBN survey

Published by Nicholas Woodroof, Editor
Oilfield Technology, Monday, 24 February 2020 15:00

Axxis Geo Solutions ASA has signed a Letter of Intent (LOI) with a major international oil company to commence an ocean bottom node (OBN) survey in the North Sea.

Subject to fulfillment of certain conditions, the work is expected to commence in 2Q20. The scope of work will include acquisition of 67 km² of receiver area, comprising of approximately 30 days of operation for an OBN crew consisting of two seismic vessels.

"This LOI confirms AGS' ability to continue to be awarded work by utilising its unique asset-light operational model coupled with best in class operational excellence demonstrated in recent campaigns by our dedicated crew personnel", said Lee Parker, CEO of AGS.

Read the article online at: https://www.oilfieldtechnology.com/exploration/24022020/axxis-geo-solutions-to-carry-out-north-sea-obn-survey/

Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale

Tuesday 28 March 2023 09:25

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.

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