Challenges for Offshore Exploration
The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive, says Clarksons Research. As a result of weaker oil prices and E&P spending cuts, offshore exploration is severely challenged. It has also reflected in a perhaps less prominent element of exploration, namely, block awards. The basic framework for offshore exploration is provided by blocks. Blocks are areas in which specific oil companies (the licensees) have set E&P
Conners Named CEO of Umbilicals International
Robert “Bob” Conners has been appointed CEO of Umbilicals International, a Houston-based provider of high performance umbilicals, cables and hoses to the oil and gas, diving, seismic and defense industries. Conners will be responsible for developing the company’s global umbilicals, and cables business for the offshore, onshore and defense sectors. Formerly Vice President of the SURF Business unit at the Prysmian Group, Conner has 35 years’ experience in a range of senior management roles in engineering companies. This included President of HL Technologies (now Umbilicals
Atle Jacobsen CEO, Dolphin Geophysical Atle Jacobsen the CEO of Dolphin Geophysical, is, in many ways, a bit of a paradox. An experienced, no-nonsense, veteran of the marine seismic surveying industry, he is also disarmingly easy to ‘talk shop’ with, engaging and has an obvious thirst for new ideas and technology. But the core contradiction lies in his approach to business. This is a man that shows no qualms about ripping up the rulebooks and making brave decisions, but at the same time there is a steadfast caution that underpins the very essence of the Dolphin business model.
Ove Bråthen strengthens Scandinavian sales team at MARIS
; Mr Bråthen, who holds an electronics degree with focus on radar and underwater acoustics, brings more than 25 years’ international sales experience to the company, having spent the first six years of his career with the Royal Norwegian Navy. After working at sea on a number of seismic research vessels, Mr Bråthen spent the next decade as Sales Manager for Schlumberger Oilfield Services, selling high-tech products to the seismic, offshore and defence industries. He moved to Abu Dhabi to become Project Manager for Vessel Traffic Systems (VTS) in the Kongsberg Group, with
Seismic Handling System Contracts for Kongsberg Evotec
Kongsberg Maritime’s wholly owned deck equipment specialist Kongsberg Evotec reports a strong start to the year with three separate new contracts for advanced Seismic Handling systems. Two contracts, for customers located in China, are for delivery of Seismic Handling systems for a six streamer vessel and a two streamer vessel. Both vessels are currently under construction in China and Kongsberg Evotec will start equipment deliveries from October 2016. Kongsberg Evotec also signed a contract with a Norwegian customer for a Seismic Handling system featuring a containerised gun system.
Bourbon and CGG: Partners in Innovation
In 2011, Bourbon entered a five-year charter agreement with CGG for a series of six new seismic support vessels, an industry first. Two years later, the Bourbon Petrel and the Bourbon Fulmar are already in service in the Black Sea and Northern Europe, and a third vessel, the Bourbon Gannet, will also be operational in the near future. The Grandweld Shipyard in Dubai is building the vessels and delivery of the remaining sister ships is scheduled for 2014. Customized solutions to meet CGG’s specific operational requirements These custom-built vessels were designed to provide fuel, equipment
DNV Introduce Seismic Vessel Notation
DNV has developed a class notation for seismic vessels in consultation with key industry players, WesternGeco, PGS and Fugro-Geoteam. The need to have enhanced redundancy and proper deck arrangements to ensure continuous operation without loss of speed is the backbone of these new technical requirements. Seismic vessels contain high end computerized technology to find resources below the seabed, and represent a key element in the value chain leading to future offshore field developments. Any interruptions in the ships forward movement can complicate the seismic data processing, and continuous
Polarcus Expands Broadband Project Off Australia
survey project offshore Australia to expand northwards with an additional 7,130 square kilometers. Consequently the Capreolus 3D Project, which was announced in October 2014, will now comprise approximately 22,130 sq. km overall, providing exploration companies with basin-wide broadband 3D seismic dataset across the Roebuck Basin, offshore North West Shelf, Polarcus said. Seismic acquisition on the original program commenced early January 2015 with two Polarcus A-Class 3D seismic vessels utilizing the company's RightBAND technique for broadband data acquisition. The expanded survey
Polarcus Innovation in Seismic Vessel Design
Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet of the Ulstein SX134 design. The marine geophysical company Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet
Polarcus Awarded Broadband 3D Project in Indonesia
Polarcus Limited announced it has received an LOI from an undisclosed client for a 3D marine seismic contract in Indonesia utilizing Polarcus' XArray technique for enhanced productivity and data quality. Cameron Astill, Senior Vice President Asia Pacific, said, “It is a significant milestone to be awarded our first project in Indonesia. We look forward to deliver our client a high quality and efficient survey with the Polarcus XArray technique utilizing our triple-source configuration.” The project will commence in Q3 2016 and run for approximately two months.
North Sea Seismic Survey Contracts for Dolphin
Dolphin Group ASA, headquartered in Norway, awarded multiple North Sea 3D seismic contracts for 2013. Dolphin has been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of its 3D seismic vessels with a total duration in the range of 8-12 months. Dolphin sat they will revert with further contract details when they present their 2013 guidance on or about 8 January 2013. "These early awards with major clients improve our earnings visibility and supports our view that we can expect a busy summer in
Nordic Maritime Lands 3D Seismic Contract
Nordic Maritime announced it has been awarded the provision of 3D marine seismic data acquisition and processing services in collaboration with ELNUSA for Husky-CNOOC Madura Limited, Offshore Indonesia. Nordic Maritime said its seismic vessel S/V Nordic Bahari, which recently completed a 2,500 line km 2D marine seismic data acquisition and processing services in East Malaysia's Sarawak T3 Block, for Pexco Sarawak N.V., will start the acquisition of approximately 420 sq.km by the end of May with support from chase vessel M/V Viking Vanguard. The project is expected to be completed by July.
Ocean Bottom Cable Installation: SAIC Choose Makai
SAIC has purchased two MakaiLay Seismic licenses and one MakaiPlan Pro Seismic license for use in their seismic oil and gas exploration projects. (SAIC owns and operates modularized cable engines and cable installation equipment together with certified MakaiLay operators to install submarine cables worldwide. SAIC often leases vessels of opportunity in the project region with which they deploy the Ocean Bottom Cables (OBCs) or node arrays). Makai Ocean Engineering point to a growing interest in their cable installation tools by the seismic exploration community, which has begun to translate
Dolphin Reports Improved Operating Margins
Seismic vessel operator Dolphin Group AS reported its financial results for the third quarter 2013. Quarterly highlights - Q3 2013 Revenues of $70.1 million, compared to $61.2 million in Q3 2012 EBITDA of $26.4 million (38%), compared to $28.9 million in Q3 2012 EBIT of $17.4 million (25%), compared to $16.8 million in Q3 2012 Net Income before tax of $15.4 million, compared to $16.4 million in Q3 2012 EPS of $0.04, compared with $0.05 in Q3 2012 Strong contract seismic margins, but low prefunding on strategic important 3D Multi-Client surveys Successfully
Charter Extended on Seabird's 'Hawk Explorer'
SeaBird Exploration Plc announce that the contract for 'Hawk Explorer' has been extended by Spectrum ASA for a minimum of 2 months. Hawk Explorer is a 2D seismic survey vessel of LOA 66 m, breadth 14.5 m. and draft of 5.8 m with a transit speed of 12 kts. SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. The main focus for the company is
Fugro Awarded a Three-Year Positioning Contract by PGS
Fugro has been awarded a three-year contract by PGS for the provision of precise satellite positioning systems for its entire seismic vessel fleet. PGS is a global provider of marine seismic and electromagnetic services, data acquisition, imaging, reservoir services and multi-client library data. Fugro, a provider of precise satellite positioning to the offshore oil and gas industry, will supply PGS vessels with a number of completely independent Global Navigation Satellite Systems (GNSS). These systems include Fugro’s recently launched Starfix.G4 - the first commercial
Polarcus, Turkish Petroleum Extend Partnership
Polarcus Limited announced two-year support services agreement extension with Turkish Petroleum covering seismic data acquisition management, maritime management and crewing support. Polarcus signed on for long term collaboration agreements with Turkish Petroleum in January 2013. Through this latest extension, Polarcus will continue to provide Turkish Petroleum the support services required to deliver marine seismic operations onboard Turkish Petroleum's seismic vessel, Barbaros Hayreddin Pasa.
Seismic Business Link-up: Mitcham's Seamap & PGS
terms of the arrangement, Seamap will manufacture and sell the PGS SourceLink systems to PGS, as requested. Guy Malden, Executive Vice President of Marine Systems of Mitcham Industries, stated, "We are delighted to have established this new relationship with one of the leaders in the marine seismic business. This is an important expansion of Seamap's market, and we anticipate that over time PGS SourceLink will be deployed on the majority of PGS' fleet of seismic vessels. We look forward to continuing and expanding our relationship with PGS for years to come." PGS' fleet consists
MHI to Build for PGS
Mitsubishi Heavy Industries, Ltd. (MHI) received an order for two vessels capable of three-dimensional (3D) seismic data acquisition for sea bottom resource exploration from Petroleum Geo-Services ASA (PGS). The order for the two vessels, which was signed on April 25 in Tokyo, was placed upon exercise by PGS of the option right that was provided when two same type vessels were ordered to MHI in April 2011. The two newly ordered vessels are scheduled for delivery in the first and second half, respectively, of 2015. With this latest order, MHI will build a total of four vessels to support PGS’s
Arctic-Ready Seismic Workboat Davits
Norway’s Ulstein yard has delivered the next generation seismic research vessel Polarcus Amani to marine geophysical company Polarcus. The 92 mloa vessel is of the SX134 design and is designed and built for operations in Arctic waters. Vestdavit has supplied two PLR-11000 workboat davits and one PLR-3600 MOB davit for the vessel. Vestdavit is proud to be the sole supplier of workboat davits to Polarcus’ fleet of eight advanced seismic vessels. Escape corridors and rescue equipment on the vessel are protected against icing during arctic operations. Although 3D seismic acquisition