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Update on Seismic Acquisition Contract in South America

Source: www.gulfoilandgas.com 1/7/2019, Location: North America

PGS updates on changes of the contract for the 3D survey in South America announced November 14, 2018. The vessels Ramform Atlas and Ramform Tethys mobilized early December 2018 for this survey. The contract had an estimated total duration of approximately 13 vessel months and an estimated value in excess of $75 million.

Due to unresolved issues affecting the survey, both vessels have been on paid standby from December 23, 2018. The client, ExxonMobil, has notified PGS that the Ramform Atlas is no longer required. PGS will receive payment for mobilization, work performed, standby and demobilization. PGS expects to deploy the vessel on a MultiClient program or contract survey shortly, but will incur idle time relating to steaming and possibly standby before commencing an alternative project.

ExxonMobil plans to deploy the Ramform Tethys to acquire a 4D survey offshore Guyana. The vessel will continue on paid standby until she commences the redefined program. PGS expects the vessel to be operating in the area for at least three months.

Seismic survey News in United States >>

Senegal >>  5/21/2019 - Shearwater GeoServices Holding AS is pleased to announce the award of a high-density multi-azimuth 3D seismic acquisition contract over the SNE field ...
Canada >>  5/20/2019 - PGS and TGS announce the Torngat 3D MultiClient project in Offshore East Canada. Torngat 3D will cover approximately 3,287 square kilometers and encom...

Norway >>  5/16/2019 - Electromagnetic Geoservices (EMGS) has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea. The ...
Australia >>  5/15/2019 - 3D Oil Limited (3D Oil) is pleased to inform the market that it has been awarded the necessary environmental approvals from the Commonwealth Statuary ...

China >>  5/15/2019 - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has advised that comprehensive analysis...
Guinea >>  5/15/2019 - PGS’ latest MultiClient 3D GeoStreamer acquisition covering blocks A4 and A5 of the Republic of Guinea was completed on 8th May 2019. Fast-track proce...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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