DNV has developed a class notation for seismic vessels in consultation with key industry players, WesternGeco, PGS and Fugro-Geoteam. The need to have enhanced redundancy and proper deck arrangements to ensure continuous operation without loss of speed is the backbone of these new technical requirements. Seismic vessels contain high end computerized technology to find resources below the seabed, and represent a key element in the value chain leading to future offshore field developments. Any interruptions in the ships forward movement can complicate the seismic data processing, and continuous operations with focus to avoid any downtime of key functions are hence of utmost importance. With expensive seismic streamer equipment mobilized at sea, sudden loss of service speed may lead to severe consequences as damage to cables impairing the whole seismic vessel operation. The new notation focuses on increased availability of the vessels during critical phases of the seismic operations. As well as vessel operators, DNV has consulted seismic handling and high pressure equipment suppliers to ensure that all current and future industry challenges are comprehensively dealt with. The maintenance of propulsive power is a key issue. The class notation has therefore taken the DNV concept for redundant propulsion one step further so that any failure on board will not lead to loss of more than 50 per cent forward trust
Dolphin Group ASA, headquartered in Norway, awarded multiple North Sea 3D seismic contracts for 2013. Dolphin has been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of its 3D seismic vessels with a total duration in the range of 8-12 months. Dolphin sat they will revert with further contract details when they present their 2013 guidance on or about 8 January 2013.
ODIM has signed a contract with the seismic company Fugro Geoteam on delivery of the remaining parts of a complete handlings system for the 3D seismic new building Geo Celtic. In addition to this contract, ODIM received on January 26 the first part of the complete handling system for this vessel. ODIM has over the last years built up a key expertise on electric drive systems for handlings systems to be used aboard 3D seismic vessels
Dolphin announced that the newly delivered high-capacity 3D seismic vessel, Polar Empress, is in full production towing 14 streamers on the Maud Extension Multi-Client survey in the Barents Sea. At the end of June, the vessel will mobilize for an exclusive contract with duration in excess of three months. Dolphin claims the special purpose built seismic vessel is one of the most advanced vessel in the industry
CGGVeritas and Eidesvik Offshore ASA have entered into an agreement for the supply of two large seismic vessels to be newly built, with a total contract value of approximately $420m. The two vessels will be of an extremely advanced specification, incorporating many unique features, based on the most recent X-BOWdesign of Ulstein Design AS, and will be delivered in 2010 under 12-year time charter agreements. These two high-capacity vessels are components of CGGVeritas' strategy of
Systems integrator Alewijnse Marine Systems has been awarded the contract for the full electrical refit of the seismic vessel Polarcus Naila. The ultra-modern, 12 streamer 3D/4D seismic vessel will arrive in February 2014 at the Damen-owned yard Shipdock Amsterdam for a refit scheduled to last 35 days. The refit involves the replacement of the current thrusters. The ship repair and conversion yard Shipdock in Amsterdam has subcontracted the electrical repairs and modifications to Alewijnse
Announced in June 2011, Bourbon and CGG entered a five-year charter agreement for a series of six custom newbuild seismic support vessels. Now more than two years later, the third ship in the series, Bourbon Gannet, is due to enter service in the early part of 2014, following the launch of the first two vessels, Bourbon Petrel and Bourbon Fulmar, in summer and autumn 2013, respectively. The remaining three sister vessels are under construction in Dubai’s Grandweld Shipyard
Ship repair and conversion yard Shipdock Amsterdam, part of Damen Shipyards Group, received a contract for the propulsion upgrade of the 3D Seismic Vessel Polarcus Naila. The ultra-modern vessel will arrive at Shipdockin February 2014 for its six-week conversion. In addition to the propulsion upgrade the vessel will also undergo modification works in order to be classified as a Special Purpose Ship. Furthermore, the scope of work includes Ballast Water Treatment installation
ABB won a $26m order to supply electrical power and propulsion systems for two next generation ‘Ramform’ vessels, capable of three-dimensional (3D) seismic data acquisition for deep sea resource exploration. The ships will be constructed by Mitsubishi Heavy Industries, and delivered in 2015 to Norway’s Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition, processing and analysis/interpretation services
GC Rieber Shipping has entered into an agreement to sell subsea vessel "Polar Prince", which the company had built in 1999. The transaction gives GC Rieber Shipping an accounting gain of approximately NOK 10 million ($1.3 million). The construction support vessel (CSV) is expected delivered to new owners in early June, states an announcement. The vessel was built at Flekkefjord Verft in Norway in 1999
SeaBird Exploration, a provider of seismic data to the oil and gas industry, will acquire a long-offset survey offshore Belize. "We are pleased to announce that the company will acquire a long-offset survey in Belize, starting mid-October 2016
Petroleum Geo-Services ASA reported revenue fall in their recently released Second Quarter and First Half 2016 Results. It logged a healthy MultiClient Sales and continues to undertake cost reductions. Highlights Q2 2016 * Revenues of $183.0 million, compared to $255
Norwegian marine geophysical company PGS has extended its non-exclusive service agreement with Radio Holland for navigation and communication services onboard nine seismic vessels in its global fleet. Radio Holland is known in the maritime industry for its NavCom and Maintenance services through
Malaysia has opened an area of its offshore waters to the multi-client seismic model for the first time. The move is a result of a new initiative by Petronas to stimulate offshore E&P investment activity. “A consortium comprising of PGS, TGS and Schlumberger WesternGeco
Seismic vessel owner Polarcus Limited announced it has received multiple awards which together extend the fleet backlog by six vessel months. The projects will be carried out by multiple Polarcus vessels and commence in the first and second quarters of 2016.
Offshore geophysical company Polarcus is breaking production records off Myanmar, employing the largest manmade moving object on earth Polarcus is currently acquiring an ultra-wide 3D marine seismic project offshore Myanmar, for which its vessel Polarcus Amani is towing an in-sea
A new concept in ship propulsion developed by Caterpillar has triumphed at the 17th annual Platts Global Energy Awards in New York. Winning the Commercial Application of the Year category, the twin fin system secured the prestigious award for its innovative design and energy-saving
Polarcus Limited announced a two-year extension of the support services agreement with Turkish Petroleum covering seismic data acquisition management, maritime management and crewing support. Reference is made to the stock exchange notice published by Polarcus on 02 January 2013
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, has signed a contract with CGG to provide offshore agency support services for a new oil and gas exploration project in the Barreirinhas Basin in the equatorial margin of northern Brazil.
Polarcus Limited has announced it has received a letter of intent for a 3D marine seismic project in West Africa. The client was not disclosed by the Dubai-based seismic vessel operator, who will utilise its RightBAND technique for the broadband data acquisition.
GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future.
Paris-listed seismic giant CGG and Russia's largest shipowner, SCF Group (Sovcomflot), have formally registered a joint-venture company focused on coldwater surveys, reports Interfax. The joint venture, to be called Arctic Geophysical Exploration (AGE)
TGS-NOPEC Geophysical Company ASA (TGS) signs letter of intent (LoI) for charter of an estimated six months of 3d vessel capacity from Oslo-listed seismic vessel operator Polarcus. TGS intends to charter a vessel from Polarcus in 2016 to acquire a number of individual projects in
Thordon Bearings has received an order for a total of 20 seawater-lubricated COMPAC Propeller Shaft Bearing Systems for Chinese shipyards, marking the Canadian company’s most significant order for commercial vessels. Thordon Bearings
French seismic group CGG said on Thursday it would further cut its fleet of seismic vessels after declining demand from oil and gas clients hit by the falling oil price led it to record an impairment and one-time charges of $643 million in the fourth quarter.