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Market Update

Articles

Argentina: Unconventional Discoveries

Spanish international oil company Repsol has made its biggest ever oil discovery after drilling 15 wells in the Neuquén province of western Argentina.

Mozambique: Successful First Well

Recent discoveries by Anadarko in Mozambique have propelled that country to the fore in the hydrocarbon industry in the last year, and the first well drilled in offshore Area 4 looks set to continue the trend.

The Great Crew Change

The professional workforce in the hydrocarbon industry is aging and over half of today's workforce will retire within the next 10 years. This ‘brain gap' must be addressed before it is too late.

Global Exploration Update

GEO ExPro, together with IHS, presents some of the most significant discoveries made throughout the world in recent months.

Barbados: A Need to Explore the Offshore

It’s about time to explore the offshore in more detail. That means the international oil industry is now welcome to bid in the next licensing round closing in April.

More gas to be found

Following a 25 year break, the labrador Shelf offshore Canada is now again available for licensing.

Entering the Oil Sands

Statoil and North American Oil Sands Corporation (NAOSC) have entered into an agreement whereby Statoil will acquire all shares at a price of about USD 2 billion. Statoil will become operator and get access to large recoverable resources that will add to the company's production in about 4 years time.

Knowing Exactly Where the Data Is

“Both oil companies and seismic companies are increasingly more interested in accurate positioning,” says Peder Solheim, Managing Director at Geograf. “With prospects decreasing in size, and specific reservoir targets in development drilling that are very small, it is of utmost importance to know the exact position of the drilling targets.”

Introducing Viking Ship Design

‘This was too good an opportunity to say no to,’ says Rolf Rønningen, CEO of the new seismic company Eastern Echo. The company is building 4 high-end 10 streamer seismic vessels for delivery in 2008 and 2009 with the unique Ulstein XBow® – a design that provides an exceptionally smooth ride through rough sea.

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