Exploration news
CGG anticipates 3Q19 revenue above US$350 million
CGG is expecting to generate positive Net Cash Flow this year, for the first time since 2012.
Croatia awards onshore exploration licences
The licenses were given to INA, Vermilion Energy, Aspect Croatia and Crodux Derivati.
Gabon aims to increase crude oil production by 50% by 2020/2021
Vaalco Energy has announced that it will begin its drilling campaign in the country’s offshore this September.
Enverus acquires geological well datasets from Reservoir Visualization
The acquisition of approximately 200 000 datasets quadruples Enverus’ interpreted well log catalogue.
Union Jack Oil says West Newton represents "significant oil and gas discovery"
Evaluation of the West Newton A-2 openhole data has identified an estimated gross hydrocarbon column of approximately 65 m in the Kirkham Abbey formation.
S-Cube algorithm helps Tullow discover oil in Guyana
The XWI algorithm, which enables data-driven earth model building, helped Tullow Oil to strike oil at the Jethro-1 well earlier this month.
CGG commences new 3D broadband survey in deepwater Brazil
CGG Geoscience’s Subsurface Imaging Center in Rio will deliver imaging of pre-salt structures in the Campos and Santos Basins.
Shearwater establishes subsidiary in Brazil
The company has also opened a new office in Rio de Janerio.
Lundin Petroleum announces oil discovery at Goddo prospect
The preliminary gross resources from well 16/5-8s, approximately 14 km south of the Edvard Grieg field in the Norwegian North Sea, are estimated to be between 1 and 10 million boe.
IHS Markit to host Angola's licensing round promotions for 10 hydrocarbon blocks
Presentations will take place in Luanda, Angola, Houston, US, London, UK, and Dubai, United Arab Emirates, during September.