Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt. The contractor received the award from an undisclosed client for the shoot utilising Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will start before the end of this month and is expected to run for approximately 50 days.
Analysts are optimistic about Argentina's offshore oil and gas sector, while concerns surround development of the Vaca Muerta Shale.
Bahrain’s state-owned Tatweer Petroleum said it would sign agreements within a few weeks with Italian oil major Eni and Japan’s JX Nippon to develop the Bahrain Field.
The agreement covers Block A offshore Ras Al Khaimah, one of the seven United Arab Emirates (UAE).