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Called Amendment, the project will comprise acquisition of a 2,350-sq-km multiclient seismic survey in the Mississippi Canyon and Atwater Valley protraction areas of the GoM.
Seismic is not always a standalone tool in stratigraphic traps.
A Barnett Shale case study demonstrated the value of estimating dynamic Biot’s coefficient from well logs using rock physics.
Leverage software to reduce risk, improve safety and add value.
PGS’s April-June core operating earnings (EBITDA) rose to $136.0 million, below the $144 million expected by analysts in a Reuters poll, but up from $112.5 million in same quarter last year.
Operators use science to help further tweak their development plans in the Permian Basin.
PGS will start acquisition of a large 3-D GeoStreamer survey in the Barents Sea in partnership with TGS in late May 2018, PGS said May 29.
Sri Lanka will sign agreements with French oil and gas major Total and a subsidiary of U.S. firm Schlumberger for a seismic study off its east coast to evaluate any prospective oil resources, a top official said May 4.
Some of the world’s most prolific basins were discussed at a recent conference.
The basin continues to gain attention following the historic Zama and Amoca discoveries in 2017, which came about 40 years after the game-changing Cantarell supergiant oil field find.
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.