There have been no seismic data acquired in the U.S. portion of the Atlantic Ocean in decades. It hasn’t been for lack of trying.
In 2008 the moratoria prohibiting the development of new Outer Continental Shelf (OCS) acreage was lifted, and the following year the U.S. Department of the Interior initiated the regulatory process to allow seismic surveying in the Atlantic OCS. Until July 13, 2015, no new permits were forthcoming.
Then ARKeX, a company offering airborne full-tensor gravity gradiometry (FTG) surveys, received its permit. At first blush it seems like a huge stride. But it comes with a caveat. FTG data are a nice complement to seismic data, but not a replacement.
At a recent hearing before the House subcommittee on energy and mineral resources, the mood was tense. Rep. Doug Lamborn (R-Colo.), chairman of the committee, noted that a research vessel was launched in 2014 to do seismic surveys. The vessel received a permit within five months. Eight seismic companies, meanwhile, have been waiting for more than a year.
“Spectrum first met with [the National Marine Fisheries Service, or NMFS] in December 2014,” said Richie Miller, president of Spectrum Geo Inc. “At that time we understood that we would complete the process in the spring and could then begin acquiring seismic data this summer. That time has since slipped considerably, and our application has still not been deemed complete.”
The major holdup is the need for companies to obtain an incidental harassment authorization (IHA) before surveying can commence. The NMFS recently announced that these IHAs would be put up for public review, a move that Miller referred to as “unprecedented” in his testimony.
Added Jim White, president of ARKeX, “Everything depends on what NMFS is going to do with the information that they receive from the public review. That’s going to dictate what’s going to happen as far as the process moving forward.
“We have 12 months to get the project executed and completed, and the clock started ticking the day we received our permit,” he said. He added that it would take about nine months to complete the survey with one aircraft.
Recommended Reading
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Record NGL Volumes Earn Targa $1.07B in Profits in 3Q
2024-11-06 - Targa Resources reported record NGL transportation and fractionation volumes in the Permian Basin, where associated natural gas production continues to rise.
OMS Energy Files for IPO, Reports Revenue Growth
2024-11-06 - Singapore-based OMS Energy, a wellhead system manufacturer, has not yet determined its price range and number of shares.
Helix Secures Multi-year GoM Contract with Shell Offshore
2024-09-04 - Under the contract, to begin in 2025, Helix Energy Solutions will provide well intervention services for Shell Offshore in the U.S. Gulf of Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.