The multi-component seismic company Reservoir Exploration Technology ASA (RXT) and its local partner Delta Plus Ltd (DP), a subsidiary of Bermuda-based Terra Global Ltd., is concluding contract negotiations with Mobil Producing Nigeria for a contract offshore
$180 million, the work represents RXT's largest ever marine ocean bottom cable (OBC) seismic contract and is expected to take approximately 28 months to acquire.
Under the anticipated contract, RXT/DP will acquire both four-component and two-component OBC seismic data over several producing fields.
The survey will be acquired with RXT's operation "RXT2" and is scheduled to commence in the second quarter of 2007. RXT2 comprises the Ocean Pearl, which will be complemented by a second vessel for cable handling.
Recommended Reading
East Daley: New Pipelines Could Open Permian Floodgates
2024-12-18 - Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
2024-11-26 - The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
2025-01-22 - Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027.
Energy Transfer Shows Confidence in NatGas Demand with Pipeline FID
2024-12-11 - Analyst: Energy Transfer’s recent decision to green light the $2.7 billion Hugh Brinson line to Dallas/Fort Worth suggests electric power customers are lining up for Permian Basin gas.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
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.