Exploration

The contract covers an area of 1600km2 for 3D seismic with associated 2D work to be executed over a 1.5-month period from end 3Q19 for the undisclosed client.

South Sudan, Equatorial Guinea and Gabon will continue their bidding round efforts at the Africa Oil & Power conference and exhibition on 9 – 11 October in Cape Town, South Africa.

The wellhead installation marks the beginning of Gusar’s contracted work with Gazprom for the first year of an up to five-year jack-up gas exploration drilling programme on the Kara Sea Shelf.

The company will work with BP to drill and evaluate the Puma West prospect , while it has acquired from ExxonMobil the Hershey prospect.

The survey is taking place in the MSGBC Basin, with fast-track data available four months after acquisition.

CGG Multi-Client & New Ventures have been applying seismic technology in the Delaware Basin to overcome the challenge of a near-surface evaporite formation.

Europa will be assigned a 75% interest in, and operatorship of the licence, located in the Agadir Basin.

The survey is in the the Salina del Istmo Basin in the Bay of Campeche and includes the recent Zama-1 discovery.

Recoverable resources in the Ørn exploration well are estimated at 8 – 14 million m3 of oil equivalent, corresponding to 50 – 88 million boe.

Evaluation of logging and sampling data has confirmed that Joe-1 has encountered 14 m of net oil pay in high-quality oil bearing sandstone reservoirs.

Analysis of the logs, use of offset comparison data and cut-offs, in conjunction with advanced wireline tools has indicated an increase in net pay of 17 m, which brings the total net pay to 58 m using the cutoffs from the nearby Waitsia field.

The 6-month project will cover approximately 8500 km2 and will be acquired by the Amazon Warrior using 14-streamers and Flexisource triple source.

At an event in Rio de Janeiro, firms paid a total of US$3.74 million for the rights to explore the areas in question.

The company has upgraded its full year oil production guidance to 21 000 – 23 000 bpd from 19 000 – 22 000 bpd.

The marine acquisition surveys will be carried out by the Amazon Conqueror, starting in 3Q19.