CGG has completed the first phase of its multiyear program to deliver the largest OBN multiclient survey ever acquired in the U.K. Central North Sea (CNS) and immediate commencement of the second acquisition phase, the company said on Sept. 24.
The Norwegian oil and energy ministry has received applications from 33 companies for oil and gas licenses in so-called mature offshore areas, it said on Sept. 25.
The deal between the Norwegian Shipowners’ Association and the Industri Energi, Safe and DSO labor unions comprises around 7,500 workers.
Based on current and expected future activity, including additional services through our engineering, rentals and oiltools divisions, the extension has an estimated value of up to $100 million.
Supply of the 1.3 billion cubic meters of gas is expected to begin in December and last for 30 months, or until the Karish and Tanin gas fields begin commercial operation.
Tensions flared in August after Ankara sent its Oruc Reis seismic survey ship into disputed waters, escorted by gunboats, to map out sea territory for possible oil and gas drilling.
CGG has unveiled a fourth-quarter delivery of the fast-track results from its recently acquired 3D multiclient seismic survey of the Gippsland Basin in South East Australia on Sept. 22.
Bids for a portfolio of Exxon Mobil’s British North Sea oil and gas fields, which is expected to fetch around $1 billion following this year’s oil price weakness, are due on Oct. 28, sources say.