PGS completes 3D survey offshore PNG
The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.
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The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.
The two wells drilled and completed in Block B-80 are expected to have an average production of 8000 bpd.
A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about US$1 trillion in 2020, a drop of 40% to US$1.47 trillion from last year’s US$2.47 trillion.
Wildcat well 30/6-31 S encountered poorly developed sandstones in the Intra Heather Formation with poor reservoir quality and no traces of petroleum.
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
The decision document, received on 24 April from the UK Environment Agency, grants a variation to the permit for the West Newton A site and associated WNA-2 testing operations.
Pre-Stack Pro enables users to fully leverage 100% of their seismic data using advanced tools for AVO processing and quantitative amplitude interpretation.
The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet.
The company is reducing its 2020 CAPEX and cold-stacking two vessels in 2Q20.
Well 6507/8-10 S, 10 km east of the Heidrun field, will be permanently plugged and abandoned.
Rystad is estimating that the industry's revenues will fall this year by 51% in a US$30 Brent scenario and by 77% if the Brent falls to US$20, compared to levels seen in 2019.
The contract is expected to start in 3Q20, with a duration of about 30 – 45 days.