Marine link
 

Russian-Norwegian Venture Awarded 3 -D Contract

Petroleum Geo-Services ASA announced that Exxon Neftegaz Limited awarded a major 3-D marine seismic contract to a Russian-Norwegian joint venture between Dalmorneftegeofizika Trust (DMNG) and PGS.

The work, which reportedly has already begun, is being performed in the Sakhalin - 1 and Sakhalin - 3 areas, offshore Sakhalin, Russia. The 3-D acquisition will be executed by the Russian high technology vessel Orient Explorer, owned and operated by DMNG. Large scale 3- D processing using IBM parallel supercomputers and PGS' proprietary 3-D software will be undertaken onboard the seismic vessel.

PGS owns the majority of the seismic equipment onboard the vessel.

This contract reflects the DMNG-PGS commitment to the region, with a seismic vessel that has been upgraded to the highest industry standards. The award also represents a breakthrough for DMNG-PGS' efforts, which are focused on providing high-tech seismic solutions to a number of major field development projects currently underway in Sakhalin. PGS is dedicated to this region and intends to deploy whatever equipment the oil industry demands to assure the successful rapid development of the existing reserves.

This contract award follows the announcement made by Exxon Corporation on June 10, that an agreement had been reached by the Sakhalin - 1 consortium and the Russian government to formally declare the Sakhalin Production Sharing Agreement effective and begin the evaluation work on the estimated $15 billion Sakhalin - 1 project. The Sakhalin - 1 consortium is proceeding rapidly by acquiring this 3-D dataset, with plans to drill at least one well during 1996.




Maritime Contracts History

Alfa Laval Announces Contract Awards
Astander: Boom Continues In '98
Astilleros Espanoles Wins Tanker Conversion Contract
Avondale Alliance Claims Victory In LPD-17 Bid War
Avondale: Riding A Wave Of Profit With An Eye To The Future
Blount Lands Oyster Boat Contract
Companies Spanning The Globe Contract For Kvaerner Ships Equipment's Services
Crisis And Opportunity: Carrier Prospects After The Asian Turmoil
EPA Awards Seaward Services $5.6 Million Contract
Evergreen And Uniglory To Upgrade Container Fleets
Fednov Signs $100M Contracts For lour Bulk Carriors
Fighting To Retain Repair Leadership
Flender Werft Launches Containership Santa Elena
Kvaerner Builds Diesel- Electric Icebreaker, Renovates Russian Vessel
Lockheed Unit Wins $6.4 M For Radar Development
MCN Buys 20 Million Minutes From AMSC
Oceaneering Awarded Three Long-Term ROV Contracts
Orange Shipbuilding Tackles Multiple Projects For Corps Of Engineers, Navy
Pan-United Wins Two Conversion Contracts
Pressler Introduces Ocean Shipping Reform Act
Russian-Norwegian Venture Awarded 3 -D Contract
Singmarine Wins 2nd LPG Contract From Thai Oil
SMI: Diverse Job Load Keeps Morgan City Yard Busy
Smit Continues Danyard Heavy Lifts For Stolt Nielsen Newbuildings
Texaco E&P Extends Contract With Transocean
The Good Life
Trinity Wins Contracts To Build Ferries For Three States, Options For Two More
Uniter Wins LGN Turkey Contract
Walz & Krenzer Awarded Multiple Cargo Access Door Contracts
YVC Bolnes Dockyard, Rotterdam, Gets Two Conversion Orders
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright