Fairfield Geotechnololgies will begin an extensive Z700 acquisition project in the Gulf, beginning December 2018, the company said on July 23.
The nearly eight-month project in the Middle East is a significant 4-D opportunity for Fairfield Geotechnologies.
Fairfield Geotechnologies’ Z700 data acquisition system is designed to meet the challenging HSE and acquisition requirements of this project. Z700’s simplified deployment and retrieval process are ideally suited to safely navigate through the dense infrastructure of a major gas field.
“The Gulf represents tremendous opportunity for OBN acquisition,” Charles Davison, Fairfield Geotechnologies’ president and CEO, said. “This project has it all: a complex and ecologically sensitive sea floor, crowded infrastructure and demanding geophysical objectives. We have the technology, the operational experience and the node inventory to make this project a success.”
Antero Resources’ latest asset sale is a volumetric production payment transaction comprised of dry gas producing properties in West Virginia with a seven-year term ending 2027.
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Canadian Natural Resources’ agreement to acquire Montney producer Painted Pony follows the acquisition of Kelt Exploration’s position in the shale gas play by ConocoPhillips late last month.