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.”
Price Moncrief, a seasoned finance and corporate executive who previously worked for Concho Resources, will lead OWL’s strategic financial management as the company continues its expansion in the Permian Basin.
Chad Stephens had previously been appointed interim CEO of Panhandle Oil and Gas as part of a leadership transition tied to a shift in strategy by the company to increase its focus on the mineral acquisition market.
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