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(OET) Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When this offer expired in October, TGS received accepts for... Continue Reading →
French offshore seismic data company CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project. This project is meant to support Brazil's Permanent Offer initiative in the Equatorial Margin. Supported by industry funding, the project is expected to complete by the end of 2023. CGG said that the related fast-track... Continue Reading →
Offshore seismic data companies TGS and CGG on Wednesday announced the second phase of the Foz do Amazonas 3D multi-client survey, located in the offshore Brazil equatorial margin. This survey, covering 11,425 square kilometers, will broaden the region's 3D coverage and deliver additional high-quality data essential for the exploration efforts in the basin, the companies... Continue Reading →
Marine seismic survey services firm Shearwater GeoServices has won two contracts for 4D seismic surveys with Petrobras for the Jubarte and Tartaruga Verde fields in the Campos Basin offshore Brazil. Combined, the two surveys add eight months to the Shearwater's order book. Financial details were not disclosed. The first contract is for a second... Continue Reading →
Nigeria plans to hold a mini-bid round for seven offshore blocks next year to spur new exploration, the petroleum regulator said on Wednesday, the first round after Africa's top oil exporter passed new fiscal regimes for its oil and gas sector. The last mini-bid round held in April 2007 under the old regulatory regime offered... Continue Reading →
(OET) Brazilian oil and gas giant Petrobras has awarded Norwegian seismic company PGS with a 4D production contract over the Barracuda-Caratinga field in the Campos basin offshore Brazil. The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel, the Norwegian company said. Mobilization is scheduled to start in the... Continue Reading →
Tullow Oil has signed a production sharing contract (PSC) for Ivory Coast's offshore exploration license CI-803. Tullow will operate the license with 90% equity, with the remaining 10% held by PetroCi. The CI-803 offshore block covers an area of 1,345 square kilometers and is adjacent to license CI-524, also held by Tullow (90%, operator) and... Continue Reading →
(TN) The Brazilian Institute of the Environment (Ibama) has granted two important licenses to Petrobras. The first authorizes the start of operations of FPSO P-71 in the Itapu field, in the Santos Basin pre-salt. The document will be valid for eight years. Petrobras expects to start operating the platform in December. As a reminder, the... Continue Reading →
Marine seismic data specialists TGS and PGS have jointly secured pre-funding for the Santos Sul Multi-client 3D project in the southwest Santos Basin offshore Brazil. The TGS/PGS collaboration combines the operational and technical strengths of both companies to provide high-quality multi-client data and timely delivery, which are critical to the exploration efforts in this area. The... Continue Reading →
Dutch offshore survey company Fugro has expanded its geotechnical vessel fleet with the Fugro Quest vessel. According to Fugro, the vessel is equipped with advanced deep-water technology. "Fugro uses this type of vessel to determine the exact composition of the soil; the resulting data are essential to establish the optimal location and design of offshore... Continue Reading →
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