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Following completion of these surveys, the jointly-owned library will have more than 175,000 line kilometers of 2-D GeoStreamer data and 19,400 sq km of 3-D GeoStreamer data.
The move follows Secretarial Order 3350, which implements President Trump’s America-First Offshore Energy Strategy, and reverses a decision by the previous administration that ordered BOEM to deny the permit applications.
The data license covers deep and shallow-water areas in the basin near prolific geological trends, including the Cantarell and Ku-Maloob-Zaap reservoirs, the release said.
The technique involves matching seismic simulations with existing seismic data to produce subsurface images that are of better quality, BP says.
Sound Energy’s CEO James Parsons said the extension of the field management agreement will allow cash flow to be spent on the region’s exploration.
More than 2 million sq km (772,204 sq miles) of new 2-D and 3-D seismic are expected to lure companies to Mexico’s E&P sector.
The seismic data obtained are required for updating of the field’s geological model for the discovered formations and prospective horizons, according to the release.
Students at the Colorado School of Mines discussed promising results from a Wattenberg Field study area at the Reservoir Characterization Project spring meeting in Golden, Colo.
The team will work to integrate recently acquired and processed 3D seismic data covering the entire PZ with multiple geological, petrophysical and production data sets to deliver a portfolio of exploration prospects and asset development infill opportunities, according to CGG.
The latest effort involved deploying two geophysical survey vessels—Fugro Gauss and Fugro Brasilis—to acquire multibeam echo sounder (MBES) and sub-bottom profile data over the western, central and eastern regions of the U.S.’ continental slope, according to the release.
The Fusion M-WAZ reimaging program includes data covering more than 1,000 Outer Continental Shelf (OCS) blocks, which span about 23,000 sq km (8,880 sq miles), from 3D WAZ programs previously acquired by TGS and Schlumberger.
PGS posted a fourth-quarter loss before interest and taxes and excluding one-offs of $65 million, deeper than the expected loss of $38 million expected in a Reuters poll.