SAExploration Holdings Inc. has successfully completed the largest shallow water ocean-bottom marine project in the company’s history on June 11.
Contracted to SAExploration by a major national oil company, the project, located in the Arabian Sea off the coast of India, utilized over 20 vessels, which included three ocean-bottom node deployment vessels and two seismic source vessels operating in dual source/simultaneous source mode. A total of 5,400 ocean-bottom nodes and in excess of 1,300 km (807 miles) of rope were deployed on the project to acquire approximately 1,200 sq km (463 sq miles) of full fold seismic data.
“We continue to champion the broader acceptance and cost-effective application of ocean-bottom nodal recording technology and we look forward to offering our technical expertise and enhanced experience within this growing market to other customers in the future,” Jeff Hastings, chairman and CEO, said.
CGG and Fairfield Geotechnologies signed a cooperation agreement on June 6 to acquire a large-scale, multiclient survey in South Central Louisiana.
The Aventine facility and EOR asset acquisitions have begun to see returns.
Companies added seven oil rigs in the week to Feb. 8, bringing the total count to 854, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.