Wavefield Inseis awarded 3 year 3D seismic contract by ONGC
2008.10.02 -
Contracts
Wavefield Inseis today announced that they have been awarded a long term contract for 3D seismic services by ONGC. Commencing during the fourth quarter this year the contract is for a programme of 3D surveys offshore India to be acquired each season through to 2011. The total contract value is in excess of $170million.
The first season’s programme will be acquired by the Geowave Commander which will be mobilized from Europe. This significantly increases Wavefield’s market share in the region and will strengthen our Singapore office operation.
Earlier in the year Wavefield acquired a 2D project offshore India and this valuable operational experience will positively impact on this first large 3D contract in the country. Commenting on the award, CEO Atle Jacobsen stated “This is not only our first 3D in India, this 3 year contract is also our largest to date and our first with ONGC for whom we are delighted and proud to be providing services on such a prestigious project”.
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
