Exploration

An independent reserves assessment of TAG Oil’s interests suggests an approximate 27% increase in annual reserves revisions.

AWE Limited, the operator of Production Licences L1/L2 in the northern Perth Basin, Western Australia, has announced that the Waitsia-3 appraisal well reached Total Depth (TD) of 3612 m Measured Depth below Rotary Table (MDRT).

In its annual account of global oil resources, Rystad Energy finds that Saudi Arabia has added enough recoverable oil resources to regain its top position ahead of the United States and Russia.

Cooper Energy has announced that Callawonga-17, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, is to be cased and suspended as a future oil producer.

The new contract will run for a further three years, from 1 March 2017 to 28 February 2020.

Rosneft is performing the drilling of the northernmost exploratory well on the Eastern Arctic shelf following a comprehensive geological study.

Geoscientists in the oil & gas industry face many challenges in their quest to de-risk and drill the best wells and more confidently forecast production.

Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, provides an operations update.

OvationData Limited has announced the extension of its current trace management service agreement with PGS to 2023.

CGG’s JumpStart™ multi-client geoscience programs integrate the most advanced seismic data with reviewed, calibrated and interpreted well and geological data for petroleum systems evaluation, supported by regional interpretations and reports.

Halliburton has announced an agreement with GroundMetrics, a San Diego company specialising in the development of electromagnetic sensor systems, to deliver full field reservoir characterisation and monitoring services.

Programme covers both conventional and unconventional lease blocks

Statoil has signed a swap agreement with BP and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.

CGG has announced that the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico’s prolific Perdido fold belt have been delivered on schedule to the Comision Nacional de Hidrocarburos (CNH) and the industry.

With a maiden voyage that takes her to the deep waters of Ireland’s Atlantic margin and the far North of the Barents Sea, Fugro Venturer is the newest of Fugro’s purpose-designed, standardised survey vessels, originally formulated in 2013.