SeaBird Secures LOI for 2D/3D Surveys in Far East

- SeaBird Secures LOI for 2D/3D Surveys in Far East

Tuesday, July 05, 2011
SeaBird Exploration plc

SeaBird provided a contract update regarding its business activities.

After completing half of her multi client survey in the Gulf of Mexico mid April, Osprey Explorer, will from mid July continue her multi-client survey following dry dock and standby waiting on environmental and other governmental approvals. This survey will be completed end August. Management expects cost recovery during the survey period including standby time with potential uplift following sales of survey data in the second half of 2011. She will then immediately mobilize for her previously reported survey in South America until early December 2011.

After completion of her current survey in South Africa around mid July, Northern Explorer will immediately mobilize for West Africa following an award for a survey with expected completion end September 2011 and thereafter commence a short survey through to end October.

SeaBird has received Letter of Awards for 2 further contracts for 2D/3D surveys in Far East, with expected completion January 2012.

These contracts have a combined value of about US $25-30 million. In addition, the harrier Explorer is continuing on her long term charter with PGS to mid September 2011.

CEO, Tim Isden, commented, "We are encouraged by the increase in volume and continuity in the 2D and low end 3D market. In addition we experience slightly firmer rates. SeaBird has a high quality fleet and an excellent reputation with clients, and this brings a higher expectation of awards. To date in 2011, SeaBird has reported contracts worth around US $70 million with potential MC sales uplift above that figure."

Oil & Gas Post

Promote Your Page Too
LINK

TGS Begins 2011 Summer Season with 3 Surveys

- TGS Begins 2011 Summer Season with 3 Surveys

Wednesday, May 18, 2011
TGS-NOPEC Geophysical Co. ASA

TGS commences the 2011 summer season with three 2D surveys in cooperation with Fugro; North Sea Renaissance 2011(NSR11), Mid-Norway Regional 2011 (MNR11) and Norwegian Barents Sea 2011 (NBR11). The data to be collected includes approximately 10,000 km for NSR11 which is a regional infill West of Shetland utilizing the M/V Bergen Surveyor, approximately 10,000 km for MNR 11 which is a regional infill in the Norwegian Sea utilizing the M/V Akademik Shatskiy and approximately 10,000 km for NBR11 which is a regional infill in the Barents Sea utilizing the M/V Akademik Lazarev.

The above mentioned projects will enable TGS to continue building on the successful regional long offset grid in NW Europe. Upon completion of the 2011 acquisition season, the long offset grid will total approximately 285,000 km. The new long offset projects together with the previous year's programs will be important for companies in the early exploration phase as well as for license round preparation in both Norway and the UK.

The data will be jointly processed by TGS and Fugro and time and depth products will begin to be delivered later this year. Completion of all three projects is scheduled for the end of Q1 2012.

These projects are supported by industry funding.

Oil & Gas Post

Promote Your Page Too

Antrim Begins Pre-Drilling Site Surveys in North Sea

Antrim Begins Pre-Drilling Site Surveys in North Sea

Tuesday, April 19, 2011
Antrim Energy Inc.

Antrim has contracted the survey vessel Kommander Jack and has commenced work to obtain site surveys in preparation for the 2011 UK North Sea drilling program.

Surveys will be obtained over the West Teal, Carra and Erne prospects, located in the Greater Fyne Area in Blocks 21/24b, 21/28b and 21/29d. The West Teal and Carra surveys are expected to confirm the surface drilling locations for two wells targeting the Jurassic Fulmar and Eocene Tay formations respectively, as previously disclosed on March 28, 2011. The West Teal prospect (Antrim 100%) is located in the northeast portion of the Greater Fyne Area approximately 3 km west of the Teal Field. The Carra prospect (Antrim 100 %) is located adjacent to and southeast of the Fyne Field. The Erne survey in Block 21/29d (Antrim 100%) has been added to the program to identify a surface location for a contingent well on that feature, an oil prospect in the Eocene Tay Formation located between the Fyne and NW Guillemot fields at a drilling depth of 6,500 ft.

Well project management and drilling services, including management of the site survey, are being provided to Antrim by AGR Petroleum Services. The site surveys should be completed in May in preparation for the exploration drilling program scheduled to start mid-year 2011. This exploration drilling program is in addition to the planned appraisal well to be drilled on the Fyne Field later this year, as announced on April 04, 2011.

Cue Commences Seismic Surveys in Taranaki Basin

Cue Commences Seismic Surveys in Taranaki Basin

Tuesday, April 05, 2011
Cue Energy Resources Ltd.

Cue announced that acquisition of the Te Whatu and Pungarehu 2D Seismic Surveys has commenced in permits PEP 51313 and PEP 51149 in the Taranaki Basin of New Zealand.
The Te Whatu survey comprises 636 km of 2D seismic data and is being acquired with the Seabird Exploration vessel M/V Aquila Explorer. The survey acquisition is expected to take approximately 14 days to record subject to weather.

The Pungarehu survey comprises 150 km of conventional 2D marine data, 29 km of conventional land data and 60 km of shallow water "transition zone" data. The survey acquisition is expected to take approximately 14 days to record subject to weather.
Participants in PEP 51313 are:

• Cue Taranaki Pty Ltd 20%
• Todd Exploration Limited 50% (Operator)
• Horizon Oil (New Zealand) Limited 30%

Participants in PEP 51149 are:

• Cue Taranaki Pty Ltd 20%
• Todd Exploration Limited 61.425% (Operator)
• AGL Energy Limited 18.575%

----------------------------------------------------------------------------------------------