TGS releases 1Q20 results
TGS has reported EBITDA of US$125 million in 1Q20, 1% above 1Q19.
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TGS has reported EBITDA of US$125 million in 1Q20, 1% above 1Q19.
Electromagnetic Geoservices' adjusted EBITDA for 1Q20 was negative US$0.8 million, up from negative US$1.2 million in 1Q19.
The farm-out agreement with Georgina Energy is for the exploration permit 155 in the Amadeus Basin in Australia's Northern Territory.
The project is taking place in the Viking Graben.
Well 30/2-5 S will be drilled from the West Hercules drilling facility.
Petrobras has discovered oil in the southeast area of the Búzios field and in the pre-salt of the Albacora field.
The ocean bottom nodes survey was carried out in the North West El Amal block, offshore Egypt.
The company is acquiring about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.
Cuts in the industry's investment budgets will leave only US$60 billion worth of greenfield tenders for contractors to compete for, the lowest in two decades, according to Rystad Energy.
The survey in the North Sea is expected to commence later in 2Q20 and will have a duration of approximately 30 days.
The country's Ministry of Mines and Hydrocarbons has signed a Ministerial Order granting oil and gas companies a two-year extension on their exploration programmes.
The Ehecatl-1 exploration well on Block 7, located in the Sureste Basin offshore Mexico, did not find reservoired hydrocarbons.