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OMV is ramping up its geological survey work in Austria with a view to increasing its market share, which currently stands at about 10%, the company said Jan. 29.
Of the company’s $3 billion of pretax charges for fourth-quarter 2017, more than $1.1 billion was related to WesternGeco seismic restructuring.
An earthquake Jan. 8 prompted operator NAM to propose halting production at six points at Groningen and lowering its overall production.
The project will comprise acquisition of a 10,000-km 2-D long-offset broadband multiclient seismic survey, according to a news release. The project will integrate all legacy seismic and non-seismic data.
The company, which leads a consortium that includes Mexican state oil firm Pemex and Japan’s Inpex, won the rights to deepwater Block 3 at auction late last year.
Africa Oil Corp. said on Nov. 13 it has entered into a strategic partnership with Eco Atlantic Oil & Gas Ltd. for exploration in West Africa and Guyana.
Tethys Oil has been selected to receive an onshore exploration license covering the southwestern part of Oman towards the border of Saudi Arabia.
CGG to deploy Falcon Full Spectrum solution to acquire about 28,000 line km (about 17,398 miles) of gravity gradient data.
The industry, on which the world depends to meet most of its current and future energy needs, is challenged to keep costs low while working to meet a growing demand. Geophysical data plays a big role.
CGG said it will begin acquisition of a new multiclient survey of up to 40,000 sq km of 3-D data offshore Mozambique after the company signed an agreement Mozambique’s Instituto Nacional de Petroleo (INP).
A team of about 900 people is using advanced seismic technology developed over the last few years to explore 15,400 sq km (5,950 sq miles) around Turayqa in Saudi Arabia, Aramco said in a statement.
ION said the Mexican Ridges 3-D reimaging program contains eight surveys that cover about 28,800 sq km over the Mexican Ridges fold belt.