CGG exits seabed data acquisition business
CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of 1Q20.
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CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of 1Q20.
The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin.
The Dumre Block covers an area of 587 km2 and is located approximately 40 km south of the capital Tirana, in a “proven” hydrocarbon area with good oil prospectivity.
The study will cover an area of approximately 80 000 km2 of the offshore Niger Delta and will incorporate around 150 cores from the seabed.
The data, acquired from a a US based E&P company, is available for licensing immediately.
The survey covers 1600 km2 of 3D and 800 km of 2D data in a deepwater area of the Bay of Bengal.
The National Offshore Petroleum Safety and Environmental Management Authority has accepted Equinor’s environment plan for exploratory petroleum drilling in the Great Australian Bight.
The project will cover approximately 1000 km2 of ocean bottom and towed streamer seismic on Repsol’s operated block offshore Peninsular Malaysia.
The company expects to complete and test the Cascadura-1ST1 well, located in the Ortoire exploration block, in 1Q20.
CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region.
The licensing round is expected to commence in April 2020, with nine blocks on offer in the Harper Basin.
Ocean Infinity will be deploying technology to conduct 2D Ultra High-Resolution Seismic surveys and Seabed Soil Sampling in Block 32 and Block 17.