The nearly eight-month project in the Middle East is a significant 4-D opportunity for Fairfield Geotechnologies.
Owned and operated by Saudi Aramco, Safaniya is the world’s largest offshore oil field located in the Persian Gulf.
The company’s chief executive says more global E&P spending is needed to minimize an impending production deficit.
Fugro has commenced a program of geophysical and geotechnical surveys for Artelia, Abu Dhabi as part of the Hail and Ghasha development, the company said on Jan. 18.
Jordan enjoys significant reserves of oil shale, which underlie more than 70 percent of Jordanian territory.
The first part of the two-piece South Pars Phase 11 project in the Persian Gulf could cost about $2 billion.
Abu Dhabi will look increasingly to the offshore as it bids to ramp up oil output to 3.5 MMbbl/d over the next five years from 2.7 MMbbl/d currently.