Schlumberger Limited (SLB - Free Report) has teamed up with TGS on a new multiclient nodal seismic project in the U.S. Gulf of Mexico.
The Amendment project includes purchase of 2,350-square kilometer multiclient seismic survey in the Mississippi Canyon and Atwater Valley protraction areas of the U.S. Gulf of Mexico.Open acreage, existing producing assets and new discoveries are part of this prolific area. Fairfield Geotechnologies 4C nodal acquisition technology will be used to obtain seismic data. The parties will apply their full azimuth processing expertise.
The operations are anticipated to begin in the fourth quarter of 2018 and final data are expected to be delivered to the customers in the first quarter of 2020.
The Amendment project will benefit E&P companies that are interested in the benefits of nodal seismic data to overcome imaging challenges in the Central U.S. Gulf of Mexico. The project will also boost Schlumbergers’ and TGS’ current data coverage.
In the project, the companies will reimage underlying WAZ seismic data to delivercontemporary, premium nodal seismic data to clients.
This survey is backed by industry prefunding.
The world’s largest oilfield services company, Schlumberger is expected to report results on Oct 19, 2018, before the opening bell. Other major oil services firms like Halliburton Company (HAL - Free Report) , Weatherford International plc and Baker Hughes , a GE company, will report earnings next week.
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Schlumberger Limited (SLB - Free Report) has teamed up with TGS on a new multiclient nodal seismic project in the U.S. Gulf of Mexico.
The Amendment project includes purchase of 2,350-square kilometer multiclient seismic survey in the Mississippi Canyon and Atwater Valley protraction areas of the U.S. Gulf of Mexico.Open acreage, existing producing assets and new discoveries are part of this prolific area. Fairfield Geotechnologies 4C nodal acquisition technology will be used to obtain seismic data. The parties will apply their full azimuth processing expertise.
The operations are anticipated to begin in the fourth quarter of 2018 and final data are expected to be delivered to the customers in the first quarter of 2020.
The Amendment project will benefit E&P companies that are interested in the benefits of nodal seismic data to overcome imaging challenges in the Central U.S. Gulf of Mexico. The project will also boost Schlumbergers’ and TGS’ current data coverage.
In the project, the companies will reimage underlying WAZ seismic data to delivercontemporary, premium nodal seismic data to clients.
This survey is backed by industry prefunding.
The world’s largest oilfield services company, Schlumberger is expected to report results on Oct 19, 2018, before the opening bell. Other major oil services firms like Halliburton Company (HAL - Free Report) , Weatherford International plc and Baker Hughes , a GE company, will report earnings next week.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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