Sercel expanded its position in the Middle East after winning a major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia.
The company, which is the equipment business of CGG SA, also won a smaller contract to equip a 2D survey to be conducted by the same contractor.
The two new contracts closely follow the recently announced award to Sercel of a similar large-scale contract to equip a separate Saudi 3D mega-crew survey.
In a statement, Sercel CEO Emmanuelle Dubu commented: “The award of this second mega-crew equipment contract in Saudi Arabia significantly strengthens Sercel’s already well-established position in the Middle East.”
“Our equipment was selected for this contract on the strength of our long-term commercial relationship with the client and the proven reliability of our high-performance seismic equipment for these challenging land surveys acquired by highly productive crews,” Dubu continued.
The new 3D contract includes a Sercel 508XT seismic acquisition system of over 60,000 channels equipped with strings of SG-10 geophones, and a fleet of over 30 Nomad 65 Neo all-terrain vibrator trucks with a full VE464 advanced vibrator electronics package.
The equipment will be deployed from March onwards on the desert survey that is scheduled to last three years.
D. Martin Phillips, a managing partner of EnCap Investments, resigned from the Devon Energy board of directors on March 5, effective immediately.
The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.
Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.