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EXCLUSIVE DIGITALISATION OUTLOOK REPORT
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Geology & Geophysics

Equatorial Guineas oil deposits have ranked it third amongst sub-Saharan African oil producing countries. It is leading the way in Africa in the monetisation of its gas reserves, while other countries are still flaring most of their gas. Government policies in the sector are fuelling an investment climate that is attracting a tremendous amount of international interest in the opportunities in the oil & gas sector.

Equatorial Guineas oil deposits have ranked it third amongst sub-Saharan African oil producing countries. It is leading the way in Africa in the monetisation of its gas reserves, while other countries are still flaring most of their gas. Government policies in the sector are fuelling an investment climate that is attracting a tremendous amount of international interest in the opportunities in the oil & gas sector.

ELECTROMAGNETIC GEOSERVICES ASA (EMGS) has been awarded a multi-year contract worth a minimum of US$150mn by one of the worlds largest oil companies. The 3D EM campaign will employ one of EMGSs purpose-built 3D EM vessels continuously throughout the duration of the contract period, providing substantially improved vessel utilisation levels.

Formal finalisation of contract and contract signature is expected imminently, with vessel mobilisation towards the end of August. EMGS anticipates that the contract will generate 2010 revenues in the range of US$20-25mn, and that the remaining contract value will be recognised in 2011 and 2012.

p>ELECTROMAGNETIC GEOSERVICES ASA (EMGS) has been awarded a multi-year contract worth a minimum of US$150mn by one of the worlds largest oil companies. The 3D EM campaign will employ one of EMGSs purpose-built 3D EM vessels continuously throughout the duration of the contract period, providing substantially improved vessel utilisation levels.

Formal finalisation of contract and contract signature is expected imminently, with vessel mobilisation towards the end of August. EMGS anticipates that the contract will generate 2010 revenues in the range of US$20-25mn, and that the remaining contract value will be recognised in 2011 and 2012.

THE BOS ARCTIC will acquire a number of 3D programs in Cameroon for Euroil (A Bowleven Company) using a six streamer configuration.

p>THE BOS ARCTIC will acquire a number of 3D programs in Cameroon for Euroil (A Bowleven Company) using a six streamer configuration.

FOSTER WHEELER AGs Global Engineering and Construction Group has been awarded a contract by the Ugandan Government  to undertake a feasibility study for the development of an oil refinery with a capacity of up to 150,000 bpd in Uganda.

p>FOSTER WHEELER AGs Global Engineering and Construction Group has been awarded a contract by the Ugandan Government  to undertake a feasibility study for the development of an oil refinery with a capacity of up to 150,000 bpd in Uganda.

GEOTRACE HAS COMPLETED one of the worlds largest onboard data processing projects for BP, as operator in its EPSA 4 NOC/LIC/BP exploration contract in BPs Sirte Basin concession off the coast of Libya.

p>GEOTRACE HAS COMPLETED one of the worlds largest onboard data processing projects for BP, as operator in its EPSA 4 NOC/LIC/BP exploration contract in BPs Sirte Basin concession off the coast of Libya.

More Articles …

  1. Prelim Tanzania license results encouraging
  2. Spectraseis completes survey for shell Egypt
  3. Chariot Oil & Gas completes Namibia 3D seismic acquisition
  4. TGS begins next 3D phase offshore Liberia
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