PXGEO has won an OBN marine seismic acquisition project in the North Sea, commencing Q2 2022 and lasting 3 months.
PXGEO has won an OBN marine seismic acquisition project in the North Sea, commencing Q2 2022 and lasting 3 months. PXGEO has also signed an agreement with DUG for the provision of its DUG Insight software for real-time data acquisition quality control and onboard data processing and visualization in the vessel PXGEO 2. PXGEO chief executive officer, Duncan Eley, said: ‘We will leverage DUG’s software to deliver our innovative acquisition and subsurface imaging solutions in both the OBN and towed streamer seismic segments.’
Magseis Fairfield has won an ocean bottom node contract in the North Sea for a multi-client company. The survey will be executed during Q3 2021 using approx. 500 MASS nodes.
ACTeQ has struck an agreement with GeoResources Consultancy International (GRCI) to make its TesserACT 3D geophysical survey planning and optimization software available to GRCI and its partners, including Vision Project Services.
Guyana is redrafting its profit-sharing agreement to increase its oil royalties and revamp other contract terms for oil and gas licensing.
The Abu Dhabi National Oil Company has awarded offshore block 5 to a consortium of four Pakistani companies in the emirate’s second competitive block bid round. The consortium of Pakistan Petroleum Limited, Mari Petroleum Company Limited, Oil and Gas Development Company Limited, and Government Holdings (Private) Limited will invest $304 million during the exploration phase of the 6225km2 area northeast of Abu Dhabi City.
Iraq has approved BP’s plan to spin off its operations in the country as the British oil company looks to shift focus to low-carbon investments. The new company, Basra Energy, would hold BP’s interest in Iraq’s giant Rumaila oil field and be jointly owned by China National Petroleum Corp, one of BP’s partners at the site.
