Exploration

TopSeis, a marine source-over-spread acquisition and imaging solution, is the outcome of five years of close technical collaboration between CGG and Lundin Norway AS.

Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorised by Mozambican institutions, Eni has acquired a 10% stake in the three blocks. The blocks are located in the deep waters of Angoche and Zambezi Basins.

Chris Sugahara is to succeed Charles (Chuck) Davison as CEO of the company.

The software will be used to teach quantitative seismic interpretation within the Exploration Geophysics module of the Department’s Master of Petroleum Geoscience programme.

According to Westwood's 'State of Exploration' report, exploration drilling increased by nearly 30% in 2018 compared to 2017 but performance was down, with fewer big discoveries and a lower commercial success rate.

India's national oil company will use Sercel's X-Tech solution to conduct various 3D surveys for a total of 40 000 channels across the country.

Visions will be implemented at four of Seplat Petroleum's facilities in Nigeria.

Calima will receive US$2.0 million on completion of the transaction.

BW Energy was established in late 2016 and has since developed a portfolio of upstream oil and gas assets in West Africa and Brazil.

The assets are located in the SCOOP, STACK and Merge plays as well as the broader Anadarko Basin.

The Merak-1 well is in 755 m of water in the North El Arish concession, also known as Block 6.

The Dinkov and Nyarmeyskoye fields' recoverable gas reserves total 390.7 billion m3 and 120.8 billion m2 respectively.

The winning companies offered bids totalling US$724 million, the government said in official statements, and won the rights to explore for up to 13 years in areas of the South Atlantic.

The partnership aims to acquire large, high-margin oil and gas production and development assets across the Lower 48 states of the US.

The presence of gas clouds has been used as an effective exploration tool in prolific basins worldwide, contributing to the discovery of significant amounts of oil.