Exploration

Shearwater GeoServices has announced the award of a large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total E&P Bulgaria B.V.

Ecopetrol drilled 20 wells in 2019, with a 40% success rate.

The company is to acquire a 12.5% interest in Block 2B located in the Orange Basin.

The contract is expected to start in April 2020.

The contract is with an unnamed major international oil company.

Final data is now available for the PGS Mawson MultiClient 3D seismic survey covering the prospective North Carnarvon Basin of Australia.

The South East Etame 4P appraisal wellbore in the Etame Marin permit area has successfully encountered oilsands in the Gamba formation.

The move follows on from the company’s recently announced exits from seabed and marine data acquisition.

The company has commenced another survey in northern Senegal, following the completion of another in the south of the country.

Octavio Romero, CEO of Pemex, has said he expects all the related contracting for this year’s projects to be finalised by the middle of this year.

Fredrik Amundsen has been appointed Chief Financial Officer (CFO) of the company.

The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.

The reprocessing project marks the next phase of imaging over the mature, hydrocarbon producing areas of Main Pass and Viosca Knoll.

Neptune Energy has signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal offshore concession.

TGS has reported net segment revenues of US$232 million for 4Q19, a growth of 23% compared to US$188 million in 4Q18.