SeaBird Exploration has signed a contract to acquire a 2-D seismic survey for an international oil and gas company in the Africa region on Sept. 19.
The survey is due to commence towards the end of September and is estimated to run for approximately three weeks. The company will be using the Nordic Explorer for the work.
The 2-D survey in the Africa region fits well with the previously reported 10,000 km (6,213 miles) 2-D contract in Australasia region securing back-to-back utilization of the Nordic Explorer in fourth-quarter 2019 and for most of first-quarter 2020.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.
Encana, currently based in Calgary, Alberta, also plans to change its name to Ovintiv Inc. as part of its move out of Canada.
Oklahoma producers are intensifying multisection-lateral and multizone development of their liquids-rich leasehold, bringing production nearer to first spend. They’re also paring costs by millions per well.