BRIEFS – FB October 2020

Ocean Floor Geophysics (OFG) has acquired the exclusive rights to use PGS’s towed-streamer CSEM system. Dr Lucy MacGregor, principal scientist at OFG Multiphysics said: ‘The PGS towed streamer CSEM system is capable of rapid acquisition of high-quality marine CSEM and is a perfect complement to existing seismic data.’ 

Axxis Geo Solutions (AGS) has struck a data licensing agreement with an international oil company. The late sale is related to the company’s OBN seismic data library over Utsira in Norway. The survey, completed in partnership with TGS and DUG, will be ready for licensing in September 2020. The Utsira OBN survey is the world’s largest multi-client project of its kind.

Industry body Oil & Gas UK (OGUK) has appointed three business leaders to its board: Alexandra Thomas, the UK managing director of Neptune Energy, Emeka Emembolu, BP’s senior vice-president for the North Sea, and Mark Abbey, regional director for CHC Helicopter’s European, Middle East and African business.

Research by Wood Mackenzie has shown that the power generation sector in Asia Pacific could attract $1.5 trillion worth of investments by 2030. Solar and wind represents a $1 trillion investment opportunity in Asia Pacific through 2030, while fossil fuels, mainly coal and gas, make up the remaining $500 billion.

Total has resigned as operator for five exploration blocks in the Foz do Amazonas Basin, 120 km offshore Brazil. The exploration blocks are FZA-M-57, FZA-M- 86, FZA-M-88, FZA-M-125 and FZA-M-127.

ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well, which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block. The well is located approx. 2.5 km northwest of the Yellowtail discovery.