Exploration news

The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.

The consortium of Bharat Petroleum Corp. Ltd and Indian Oil Corp. Ltd. will hold a 100% stake in the exploration phase to explore for and appraise oil and gas opportunities.

Following a record five years of sustained production rates of over 97%, CGG Multi-Physics finished 2018 with a production rate for Marine GravMag of over 99% for the second year in a row.

The company has successfully completed the Froskelår Main exploration well in licence 869 in the Alvheim area.

SigmaWave is fully integrated with Sercel’s existing downhole seismic tools and enables continuous, real-time seismic measurements along the entire length of a fibre optic cable.

The company has commenced its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect.

The solution can be fitted to all Sercel Nomad seismic vibrator trucks and works by optimising a truck’s travel time to the next vibrating point (VP) and reducing baseplate dead time.

The Abu Dhabi National Oil Company signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX CORPORATION.

Jo Firth and Priyabrata Pradhan, CGG, UK, explore the value in reprocessing legacy seismic data sets.

Frontera Energy Corporation and GeoPark Limited, as part of a consortium, have announced that they have been awarded production sharing contracts on two blocks in Ecuador's Intracampos Bid Round.