TGS multi-client 3D seismic data sweep offshore Liberia
2008.10.07 -
Company News
TGS-NOPEC Geophysical Company (TGS) today announced that it has commenced the acquisition of approximately 9,000 square kilometers of multi-client 3D seismic data located offshore Liberia. Additional planned phases could increase the size of the program significantly by the end of 2009. This substantial program covers a number of blocks recently awarded by the National Oil Company of Liberia ("NOCAL") and has achieved a high level of pre-funding. The first phase of acquisition commenced in September. A second vessel will be added in November for the second phase and will continue through most of 2009.
TGS first acquired regional multi-client 2D data in Liberia in 2001. Since that time Liberia has held a number of successful bid rounds. Companies now operating or sharing in offshore contracts in Liberia now include Anadarko Liberia Company, Woodside Petroleum, Repsol, Oranto, Broadway Consolidated and European Hydrocarbons.
"It has been exciting to participate in the growth of Liberia's offshore oil and gas exploration industry. TGS' ongoing multi-client data investments in Liberia reflect our confidence in Liberia's offshore potential as well as our commitment to further our relationship with NOCAL" said David Hicks, VP AMEAP.
The Liberia data will processed in TGS centers in London and in Houston. The first data deliveries are expected to be in Q2 of 2009.
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
