Exploration news

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.

The contract covers the supply of digital well products to the OGA, the UK Government industry regulator, as part of a wider tender for comprehensive subsurface databases and information sources to encourage further exploration in underexplored areas of the UKCS.

CGG’s has launched Multi-Physics Imaging group, consolidating its recognised expertise in multi-physics data processing and interpretation, trusted technical consulting services and specialised commercial software development into a single global team.

Faroe Petroleum has announced the commencement of the Faroe-operated Brasse appraisal well 31/7-2S in the Norwegian North Sea (Faroe 50%).

TAG Oil Ltd. has announced the successful drilling and flow testing of the Cheal-E8 exploration well, which will now be tied-in to TAG Oil’s existing infrastructure as a permanent producer.

Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the joint venture is now ramping up its 3D seismic acquisition in Newfoundland Labrador with these additional projects, reflecting high customer interest in this region.

CGG has announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing centre (DPC) in Muscat.

Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7300 km2.