The neoBASIN study evaluated a 6,000-square mile area in Lebanon’s onshore northern half and in the transition zone along Mediterranean coast. Only seven wells have ever been drilled in Lebanon. 

Acquisition over a total area of 30,000 sq km will commence in mid-August 2015 and is scheduled to last up to two months, CGG said in a news release.

Data will be acquired during summer of 2015 with final data available to clients in third-quarter 2016, TGS said in a news release.

Laredo Petroleum, earth model, geology, oil, production, Permian, Randy Foutch

Knowledge gained from earth-modeling efforts enables companies to better use geological findings to determine which way to direct the drillbit.

The collaboration includes areas on offer for Mexico’s Round 1 in the Perdido Fold Belt, Mexican Ridges Province, Campeche Deep Sea Basin.

The agreement includes an upfront cash payment, a tiered revenue share from future sales of the divested MC Projects and cash payments for costs deferred under existing contractual agreements. 

“We expect that the resource plays beneath the Blythe and Cronx/Elgood fields are larger than first anticipated, and with additional reservoir understanding we can more than double our proven reserves, which are currently 3.0 MMboe,” IOG CEO Mark Routh said. 

In cooperation with TGS and supported by major oil companies, Dolphin mobilized its high capacity 3-D Sanco Swift vessel to acquire the North Carnarvon Basin survey covering both newly awarded licensed and open acreage, a news release said.

Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.

Managing director Adam Lowry will head 3D at Depth Asia Pacific Pty Ltd.’s office in Perth, strengthening offshore oil, gas E&P market.

Lowry worked for Fugro Australia and Seabed Geosolutions.

Through the new 3-D acquisition, Energean said it aims to improve the seismic imaging of the Prinos Field and the satellite oil fields Prinos North and Epsilon.

The survey will be acquired utilizing the PGS GeoStreamer technology in Eastern Newfoundland Orphan Basin and South Labrador. Data acquisition will commence during summer 2015, the release said.