Statoil signs OYO for preliminary seabed seismic work

Statoil (OSE:STL; NYSE:STO) has signed a non-binding letter of intent for OYO Geospace (NASDAQ:OYOG) to supply a 600-km (373-mi) long seabed seismic monitoring system for Snorre and Grane fields on the Norwegian continental shelf.

Sep 5th, 2012

Offshore staff

HOUSTON –Statoil (OSE:STL; NYSE:STO) has signed a non-binding letter of intent for OYO Geospace (NASDAQ:OYOG) to supply a 600-km (373-mi) long seabed seismic monitoring system for Snorre and Grane fields on the Norwegian continental shelf.

Statoil will pay OYO $2.5 million for preliminary work related to a potential final contract. If awarded in October, the project value would be $160 million across three years.

Statoil can cancel the project at any time prior to execution of a definitive contract.

9/5/2012

More in Geosciences

Orinduik partners commit to second-phase exploration offshore Guyana

Tullow Oil and its partners in the Orinduik block offshore Guyana have agreed to enter the next exploration phase.

The survey was performed in August in water depths of 600 m (1,968 ft) using the geophysical survey Fugro Equator and the Fugro ES-V AUV.

Fugro completes deepwater AUV, geotechnical site surveys for BSP

Fugro has completed the first deepwater autonomous underwater vehicle site survey for Brunei Shell Petroleum Co. Sdn Bhd.

Websiteimage Sunset

TGS seismic data to support North Sea CO2 study

TGS has sold one of its seismic datasets to OGCI Climate Investments’ Net Zero Teesside project, a carbon capture, utilization and storage initiative planned for northeast England.

The Polarcus Asima vessel began acquiring the Petrelex 3D seismic survey last weekend and the 2,900-sq km (1,119-sq mi) program should continue through late January.

Polarcus starts Petrel broadband survey offshore Australia

Neptune Energy will receive new 3D seismic over the Petrel field in the Bonaparte basin offshore northwest Australia, under a non-exclusive data licensing agreement with Polarcus Asia Pacific.

Declaration Refocus will process data from the prolific Mississippi Canyon, Viosca Knoll, and De Soto Canyon areas of the US Gulf of Mexico.

TGS launches Gulf of Mexico reimaging project

TGS has started the Declaration Refocus next generation M-WAZ imaging program in the Mississippi Canyon area of the US Gulf of Mexico.

Websiteimage Sunset

Jadestone joins offshore Australia 3D seismic survey

Jadestone Energy has signed up to a new multi-client 3D seismic survey that Polarcus will acquire offshore Western Australia, starting early next year.

The expanded 3D seismic survey covers blocks A2/A5 offshore The Gambia.

TGS expands seismic data bank offshore The Gambia

TGS is acquiring a further 1,500 sq km (578 sq mi) of 3D seismic data offshore The Gambia.

OBX 750E nodes ready for deployment.

Consortium completes first 3D OBN seismic survey offshore Poland

Polish consortium MEWO S.A. and Pro Geofizyka Kraków has completed the Wolin 3D seismic project, the first ocean bottom node survey in the Polish Economic Zone of the Baltic Sea.

The company will deploy the Polar Empress for the one-month 3D seismic survey in the western Black Sea.

Polar Empress staying in Black Sea for Shell seismic survey

Shell has contracted Shearwater GeoServices to acquire a 600-sq km (231-sq mi) seismic survey in the western Black Sea.

Websiteimage Sunset

Petrobras to factor OBN data into next-phase development of Búzios offshore Brazil

Petrobras and its partners have completed a seismic survey over the Búzios concession in the Santos basin, 200 km (124 mi) from Rio de Janeiro.

Ultra-deepwater 3D survey to support Senegal licensing round

TGS and GeoPartners have initiated a new 3D seismic survey over the MSGBC basin offshore northwest Africa.

Following this award, the Polarcus core fleet is fully booked to early 2Q 2020.

Polarcus books XArray survey offshore Malaysia

Polarcus Ltd. has secured an XArray marine seismic acquisition project in Malaysia.

The Hugin Explorer will be deployed in the Gulf of Mexico.

Seabed Geosolutions books another 3D OBN survey in the GoM

Seabed Geosolutions has received a letter of intent for a 3D ocean bottom node survey in the US Gulf of Mexico for an unnamed major energy company.

The Malvinas 3D seismic survey will now cover about 17,800 sq km (6,873 sq mi).

TGS increases 3D multi-client seismic survey offshore Argentina

TGS has expanded the Malvinas 3D multi-client seismic program offshore Argentina.