Oil Ministry, Schlumberger to host convention on Red Sea exploration
Oil Ministry, Schlumerger to host international convention in November on energy exploration in the Red Sea. The Oil Ministry and Schlumberger Ltd. will organize a conference in Hurghada this November to promote and market available concessions and oil and gas exploration areas in the Red Sea area, according to a ministry statement. The news came […]
Shearwater acquires Schlumberger marine seismic business
Transaction includes marine seismic vessels, proprietary acquisition technology and facilities. Shearwater GeoServices Holding AS and Schlumberger today jointly announced that they have entered into a definitive agreement for Shearwater to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The transaction is subject to regulatory approvals and […]
Schlumberger to start Gulf of Suez seismic survey before end of 2018
Oilfield services company Schlumberger is set to start seismic survey in the Gulf of Suez before the end of this year, a source tells Youm 7. Norway’s TGS also expects to deliver final data in December this year after completing a 10,000-km 2D seismic survey along Egypt’s Red Sea border with Saudi Arabia. Schlumberger and […]
TGS completes 2D seismic survey in Red Sea off Egypt
TGS has completed acquisition of a 10,000-km (6,214-mi) 2D long-offset, broadband multi-client seismic survey in the Egyptian Red Sea, and expects to deliver final data in December. The project was part of an agreement with South Valley Egyptian Petroleum Holding Company (GANOPE) that gives Schlumberger and TGS a minimum 15-year period of exclusive multi-client rights […]
Petroleum Minister visits Chinese geophysical survey vessel at Safaga
Minister of Petroleum Tarek El-Molla received the Dong Fang Kanten ship in Safaga, which is carrying out the work of the geophysical data collection project on Egyptian economic waters in the Red Sea, implemented by the alliance of WesternGeco-Schlumberger and TGS with investments of $750m. According to El-Molla, the seismic research conducted by the alliance […]
Egypt signs Gulf of Suez seismic survey agreement with Schlumberger
Egypt has signed a deal with oilfield services company Schlumberger to conduct a seismic survey in the Gulf of Suez, the oil ministry said on Wednesday, part of efforts to encourage firms to invest in exploration work in the area. The oil ministry announced an agreement with an international company on Monday to conduct a […]
WesternGeco to exit onshore & offshore seismic acquisition business
WesternGeco is exiting the business of marine and land seismic acquisition. This was revealed by its parent company Schlumberger which said that WesternGeco did not meet return expectations going forward. Schlumberger Chairman and CEO Paal Kibsgaard said:”With the significant changes seen in customer priorities and buying habits in recent years, we have also continued to […]
TGS, Schlumberger announce Red Sea multi-client 2D seismic survey offshore Egypt
TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new 2D seismic project offshore Egypt. The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition […]
WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt
Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]
GE seals Baker Hughes buyout deal, becomes no. 2 oilfield service provider
General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]
