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The company has been awarded a three–year contract with Petronas through its local agent, Time Marine Services, to provide all required tools, chemicals and services for the company’s wellbore cleanup operations in east Malaysia.
CGG’s Sensing & Monitoring division acquired the company as it specialises in high-value services and products for geotechnical risk management and infrastructure monitoring.
The company has provided operational updates on the drilling of the Sasanof-1 exploration well and will issue further updates upon the completion of campaign milestones.
The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Centre for Scientific Research (CNRS) and University of Reims Champagne Ardenne.
Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands.
The new agreement will give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), significantly enhancing their imaging capabilities.
The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.
DNV has been selected by the International Association of Oil & Gas Producers (IOGP) to support the decarbonisation initiatives of IOGP members – producers of 40% of the world’s oil and gas.
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
The company plans to drill the main target horizon, the Sasanof-1 Well, in this prospect during May/June 2022.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.
The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.