Offshore seismic research. (Source: Shutterstock)
Seismic companies CGG, TGS and Shearwater announced a trio of new programs offshore Brazil on Jan. 4.
One program, carried out by CGG and TGS, is the second phase of the Foz do Amazonas 3D multi-client survey, which extends coverage in the Brazil Equatorial Margin. Shearwater GeoServices won the other two contracts for 4D seismic from Petrobras for the operator’s Jubarte and Tartaruga Verde fields.
According to CGG, the Foz do Amazonas 3D survey will cover 11,425 sq km.
CGG’s geologists will use technologies such as “time-lag FWI and least-squares migration to provide the high-resolution, high-fidelity data and images necessary to better understand this frontier basin,” CGG CEO Sophie Zurquiyah said in a press release.
Existing 2D data and adjacent 3D data indicate the presence of reservoir depositional fairways in this location, which overlies a source interval contemporaneous with the Guyana Basin petroleum system. Basin model studies predict a mature Early Cretaceous petroleum system with extensive regional reservoir distribution.
The nearby Zaedyus discovery in French Guyana and the Narina and Venus wildcat discoveries on the conjugate margins of Liberia and Sierra Leone support resource potential in the Foz do Amazonas Basin, according to CGG.
Early-out PSDM products will be available in the fourth quarter of 2023, with final products available from the third quarter of 2024. The project is supported by industry funding.
Elsewhere offshore Brazil, Petrobras awarded Shearwater 4D survey contracts for Campos Basin fields.
The first contract is for a second 4D monitor survey over the Jubarte (Humpback) and Baleia Anã fields. Shearwater expects the project to start in the third quarter of 2023.
The second contract covers the acquisition of a high-resolution baseline 4D survey, together with gravity and magnetic measurements, over the Tartaruga Verde (Green Turtle) field. The survey is expected start in early 2024.
Recommended Reading
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-01-31 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-01-31 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
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.