Welcome!

News Feed Item

OceanGeo Receives Ocean Bottom Seismic Contract Award

HOUSTON and RIO DE JANEIRO, Jan. 29, 2014 /PRNewswire/ -- OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic acquisition, today announced that it has been awarded a contract for a 510 square kilometer ocean bottom 3D seismic survey in the Gulf of Paria offshore Trinidad for Petroleum Company of Trinidad and Tobago Limited (Petrotrin).  Acquisition of the survey began in late December 2013 and is expected to be complete in April or May 2014.

Jamaludin Khan, Petrotrin's Vice President Exploration and Production, commented, "The Gulf of Paria has produced in excess of 1.5 billion barrels of oil since 1955 and still has significant hydrocarbon producing potential. Meeting Petrotrin's five-year strategic challenge of reserves replacement and increased production requires a new and superior quality seismic data set in the Gulf of Paria.  A best-in-class ocean bottom seismic 3D survey provided by OceanGeo will provide the wide azimuth data we need to identify deeper Cretaceous plays and bypassed opportunities adjacent to existing reservoirs."

Colin Hulme, OceanGeo's Chief Executive Officer, added, "We are extremely pleased to announce this award.  While we have a new name and ownership, we have a proven track record of successfully acquiring ocean bottom seismic data, safely and efficiently, with over five years of operation offshore Brazil, delivering superior reservoir understanding for our E&P clients.  We are now pleased to put that expertise to work for Petrotrin.  Ocean bottom seismic continues to rapidly grow and gain market share from towed streamer by meeting oil and gas companies' requirements for higher quality seismic data to better develop and manage their reservoirs.  With the full support of our parent companies ION and Georadar, we are well positioned to compete and thrive in the growing ocean bottom seismic market, and we are truly excited about the future of OceanGeo."

About OceanGeo
OceanGeo is a global geophysical company specializing in multicomponent ocean bottom seismic acquisition.  The company provides a full suite of ocean bottom seismic services, including survey design, planning, and optimization, data acquisition, and geophysical QC and, through ION, provides data processing, interpretation, and reservoir services.  A joint venture of ION Geophysical and Georadar Levantamentos Geofisicos S/A, OceanGeo is headquartered in Houston and Rio de Janeiro.  To learn more about OceanGeo, visit www.oceangeo.co.

Contacts
Colin Hulme
Chief Executive Officer
+1 281.879.3630

Roy Devereux
Executive Vice President Sales and Marketing
+1 281.221.7000

The information included herein contains certain forward-looking statements, such as benefits expected to be achieved and other statements that are not of historical fact.  Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties.  These risks and uncertainties include risks associated with the OceanGeo business and related markets and other risks that could impact the company's business and results.

SOURCE OceanGeo

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).