Bell Geospace has been awarded a contract to acquire about 4,247 sq miles of data onshore Mongolia by Petro Matad Ltd., according to a news release.
The program marks the first time that the full tensor gradiometer technique will be applied to oil and gas exploration in the country, Bell Geospace said. The survey will begin in September 2015 and cover blocks IV and V in central Mongolia, an area of mountainous desert and steppe.
“The program is designed to provide high-resolution gravity coverage, capable of resolving prospect scale structural features, to aid in correlation between 2-D seismic profiles and extrapolate structural networks into frontier areas to optimize future exploration work,” Petro Matad said in a company statement.
Recommended Reading
Dara Energy Acquires Assets in Three States from Vinland
2024-05-06 - Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.
IOG Resources Acquires Interests from Civitas
2024-05-06 - IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
Antero Midstream Buys Summit Midstream Assets in $70M Deal
2024-05-03 - The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.