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.”
Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.
Nichols Brothers retained Continental Energy Advisors for the sale of operated assets in New Mexico, Oklahoma and Texas as part of a Chapter 11 bankruptcy.
The project is bolstered by Shell’s global LNG prominence and Energy Transfer’s extensive pipeline network.