Geological Data NEWS

Total E&P South Africa has given a conditional letter of award for a 2D seismic acquisition and fast-track processing project to Shearwater Geoservices. This will also be Shearwater’s first project offshore South Africa. The two-month-long project will commence in Q4 2019 and includes fast-track processing, facilitated by Multi-Purpose Vessel (MPV) SW Cook and experienced processing teams.

World’s largest oilfield services firm, Schlumberger has entered into a strategic collaboration with IHS Markit, through its geophysical data solutions division WesternGeco. Through the collaboration, the firms intend to consolidate their data, technology and experience in exploration and production (E&P) and enable access to it through the GAIA digital subsurface platform. The GAIA platform was launched by WesternGeco and is powered by the DELFI cognitive E&P environment.

The new supercomputer of Total is said to enhance efficiency, enable its geologists to find oil faster, cheaper and with a better success rate. Total informed, "The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before". This computer has secured top rank among supercomputers in the oil and gas sector, according to TOP500 table.

Norway-based Resman AS has entered in a share purchase agreement to acquire tracer service provider, Restrack. The merger move will combine Resman’s reservoir monitoring and intelligent chemical tracer systems and Restrack’s full portfolio of integrated tracer services. This will allow them to provide even more detailed information to operators on their reservoirs and wells.

UAE’s Polarcus Limited is an offshore geophysical company which has been awarded a project of 3D marine seismic acquisition in West Africa. Under the scope of this project, there are two surveys each of approximately 3 months. As per the information, the first survey is expected to start in the second-quarter of 2019 while the second survey will commence in the fourth quarter of 2019.

Houston-based Fairfield Geotechnologies has farmed out its Seismic Technologies business. The firm informed today that it entered into an agreement with Norway-based Magseis ASA. Fairfield’s Seismic Technologies business comprises of data acquisition, nodal and system sale & rental activities. Magseis will also get ownership of all shares in Fairfield's wholly-owned, WGP Group.

British satellite, the NovaSar satellite, programmed for monitoring the oceans, was launched from the Satish Dhawan Space Centre in India on Sunday. Supported through a £21 million Government investment, the satellite’s functions will also include monitoring for oil spills and floods, apart from tracking doubtful shipping activities. The NovaSar satellite can capture images night or day, through the cover of heavy clouds.

Shearwater GeoServices entered into an acquisition deal to acquire Schlumberger’s geophysical services product line, WesternGeco. Post-acquisition, Shearwater will become a global, customer-focused and technology-driven supplier of marine geophysical services. The agreement shall grant Shearwater the ownership of 10 high-end seismic acquisition vessels, including seven 3D vessels and three multipurpose vessels (MPVs), along with Norway and Malaysia’s development and manufacturing facilities.

The NAPE trade show this year saw the unveiling of Ai PRIME, a tech start-up offering high-res imagery to the oil and gas industry. The platform enables oil firms to share run sheets, ownership reports and other documents online. Chief Executive, Ai PRIME, Nelson Paez counted down-time, wasted travel to remote sites and slow gathering of inaccurate information as the reasons why Ai PRIME is the need of the hour.

Oil and gas sector regulator of UK, Oil and Gas Authority (OGA) has awarded two contracts to a consortium of Lloyd’s Register and others in UKCS. The contract pertains to stimulation of exploration activity on the continental shelf. The consortium will provide OGA with a compiled database of geochemical data acquired across the UKCS from the last five decades.

Houston-based Fairfield Geotechnologies recently announced the award of two projects. The first project is in the Gulf of Mexico, expected for completion in November of this year. The second project is in the Delaware basin, and also covers merging of existing data with new acquisition. The Delaware project is projected for completion in March 2019. Fairfield is expecting a significant reduction in project turnaround time.

Houston-based Fairfield Technologies will commence an extensive Z700 acquisition project in the Persian Gulf. The project, which will begin in December 2018, is expected to be completed in the following eight months. Z700 features a simplified deployment and retrieval process, which is an ideal match for the dense infrastructure of a major gas field, and helps in safe navigation.

Houston-based Fairfield Geotechnologies has formed a joint venture with Ikon Science to provide complete geoprediction services to the oil and gas industry in the North America. Fairfield recently rebranded itself from Fairfield Nodal, and the JV formation is in line of its growth strategy. The JV will utilize industry-leading geoprediction technology of Ikon Science, which includes RokDoc Ji-Fi inversion software, with Fairfield’s seismic acquisition, processing, and multi-client data library.

Ocean Infinity has won Woodside’s contract to provide data to support the Scarborough field development in Australia. The companies have come to an agreement to conduct a deepwater geophysical pre-engineering route survey, extending approximately 300 kilometers from the Scarborough subsea field in 950 to 1400 meter water depths. Ocean Infinity owns xix HUGIN autonomous underwater vehicles (AUV), capable of operating in 6,000 m water depth collecting high-resolution data.