Seismic companies CGG, TGS and Shearwater announced a trio of new programs offshore Brazil on Jan. 4.
One program, carried out by CGG and TGS, is the second phase of the Foz do Amazonas 3D multi-client survey, which extends coverage in the Brazil Equatorial Margin. Shearwater GeoServices won the other two contracts for 4D seismic from Petrobras for the operator’s Jubarte and Tartaruga Verde fields.
According to CGG, the Foz do Amazonas 3D survey will cover 11,425 sq km.
CGG’s geologists will use technologies such as “time-lag FWI and least-squares migration to provide the high-resolution, high-fidelity data and images necessary to better understand this frontier basin,” CGG CEO Sophie Zurquiyah said in a press release.
Existing 2D data and adjacent 3D data indicate the presence of reservoir depositional fairways in this location, which overlies a source interval contemporaneous with the Guyana Basin petroleum system. Basin model studies predict a mature Early Cretaceous petroleum system with extensive regional reservoir distribution.
The nearby Zaedyus discovery in French Guyana and the Narina and Venus wildcat discoveries on the conjugate margins of Liberia and Sierra Leone support resource potential in the Foz do Amazonas Basin, according to CGG.
Early-out PSDM products will be available in the fourth quarter of 2023, with final products available from the third quarter of 2024. The project is supported by industry funding.
Elsewhere offshore Brazil, Petrobras awarded Shearwater 4D survey contracts for Campos Basin fields.
The first contract is for a second 4D monitor survey over the Jubarte (Humpback) and Baleia Anã fields. Shearwater expects the project to start in the third quarter of 2023.
The second contract covers the acquisition of a high-resolution baseline 4D survey, together with gravity and magnetic measurements, over the Tartaruga Verde (Green Turtle) field. The survey is expected start in early 2024.
Energy A&D Transactions from the Week of Jan. 25, 2023
2023-01-25 - Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
Energy A&D Transactions from the Week of Jan. 4, 2023
2023-01-04 - Here’s a snapshot of recent energy deals including Marathon's $3 billion Eagle Ford acquisition and Targa Resources Corp. deal to buy the remaining stake in the Grand Prix NGL Pipeline.
Energy A&D Transactions from the Week of Feb. 1, 2023
2023-02-01 - Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.
Marketed: Anschutz Exploration Corp $9 Million Non-op Working Interests
2023-01-24 - Anschutz Exploration Corp. exclusively retained Eagle River Energy Advisors LLC to divest certain wellbore only, non-operated working interests that generate $9 million annualized cash flow from 430 boe/d of net production in the Powder River Basin of Wyoming.
Marketed: Lone Oaks Minerals West Virginia 13-Well Package
2023-01-27 - Lone Oak Minerals retained EnergyNet for the sale of a RI and NPRI 13-well package located in Wetzel County, W.V.