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
Allied Systems To Supply Cranes On Avondale/USCG Project Management Assistance
Astilleros Espanoles Delivers Marie Knutsen, A 124,000-dwt Double-Bottom Shuttle Tanker
Avondale Wins Preliminary NAVSEA Design Contract
Avondale: Riding A Wave Of Profit With An Eye To The Future
Board Approves Modernization Of inree rori m Bammoro vranes
Bollinger's Barge Business Is Booming
Brookville Shipping Asks Subsidy Board To Use Unused Operation-Differential Subsidy
Evergreen And Uniglory To Upgrade Container Fleets
Flender Werft Launches Containership Santa Elena
GE, Raytheon Supply Trinity- Built Electric Plant Barge
Harland And Wolff Awarded Bluewater FPSO Conversion Contract
HDW To Buy Fuel Cell Power Plant From Ballard
Kvaerner Builds Diesel- Electric Icebreaker, Renovates Russian Vessel
Lindenau Delivers Tanker
Marine Accommodations Inc. Celebrates Past, Looks To Successful Future
McNeece To Design Royal Clipper's 4-Masfed Barquentines
Oceaneering Affiliate Wins Part Of $10 Million Platform Contract
Penn Yon Secures California Patrol Boat Award
Racal-Decca ISIS Engine Room Monitoring Systems Chosen For Aramco Arabian Gulf Support Fleet
Raytheon, Software Co. Win Technology Contract
Reorganization In Germany
Singmarine Wins 2nd LPG Contract From Thai Oil
SMI Wins Contract For Dinner/Cruise Vessel
TEXTRON Marine & Land Wins $26.6 Million USCG Contract
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
Westinghouse To Provide Diesel Engines For USCG Icebreaker
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright