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

ABS Finds Asian Market Fruitful
AMSEA Awards TSA Project Tracking On Two Ships
Avondale Alliance Claims Victory In LPD-17 Bid War
Avondale: Riding A Wave Of Profit With An Eye To The Future
Cascade Adopts New Labor Agreement
Companies Spanning The Globe Contract For Kvaerner Ships Equipment's Services
EPA Awards Seaward Services $5.6 Million Contract
From Tanker To Grain Carrier: Hyundai Converts The Golden Monarch
Harland And Wolff Awarded Bluewater FPSO Conversion Contract
HDW To Buy Fuel Cell Power Plant From Ballard
Keppel Clinches $21 Million FPSO Conversion Deal
Kvaerner Builds Diesel- Electric Icebreaker, Renovates Russian Vessel
Kvaerner Wins Sealift/ MarAd Contracts
MCN Buys 20 Million Minutes From AMSC
New Sulzer Reports Engine Order Influx
Newbuilding Contracts Continue To Boost Market
Penn Yon Secures California Patrol Boat Award
Pequot Shipworks Launches First Vessel; Wins first Costract
Singmarine Wins $34 Million Contract
SMI Wins Contract For Dinner/Cruise Vessel
Smit Continues Danyard Heavy Lifts For Stolt Nielsen Newbuildings
SSE Secures Further Contract For Two Container Vessels
The Good Life
Tracor Wins Navy Contract For Communications Systems Design
Trinity Wins Contracts To Build Ferries For Three States, Options For Two More
Uniter Wins LGN Turkey Contract
Unitor Contracting Div. Gets Work On RCCL Ships
Walz & Krenzer Awarded Multiple Cargo Access Door Contracts
Westinghouse To Provide Diesel Engines For USCG Icebreaker
YVC Bolnes Dockyard, Rotterdam, Gets Two Conversion Orders
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright