The newly acquired data provides 3D data coverage to complement the existing 2D grid, enhancing geological and geophysical insights to explorers offshore Newfoundland.
The acquisition includes approximately 8400 boe/d (51% oil and NGLs) of predictable low-decline production and 79.5 million boe of 2P reserves.
The sale to Kentech was completed on 15 August, following receipt of Saudi Arabian regulatory approval.
The Lewis Hills 3D volume is positioned in the Orphan Basin, with recent discoveries in the Flemish Pass and connecting further south to the productive Jeanne D’Arc Basin.
The company has completed decommissioning and removal of the Sable Project off the coast of Nova Scotia, Canada.
Hipp Creek 3D will add nearly 200 km2 of seismic data tying into existing TGS 3D seismic coverage within their core area of the Montney Basin in British Columbia, Canada.
Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and a soils investigation.
The transaction includes the transfer of approximately 450 000 net acres in the Fox Creek (Kaybob) and Rocky Mountain House (Willesden Green) areas, along with related infrastructure, currently producing around 30 000 boe/d from more than 270 wells.