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Aramco Seeks Bids For Red Sea Seismic Survey

Source: Reuters 3/1/2010, Location: Middle East

Four companies are bidding for a seismic survey in the Red Sea for state oil giant Saudi Aramco, industry sources said. Norwegian surveyor Petroleum Geo-Services (PGS), WesternGeco, a unit of Schlumberger, Fugro NV and CGG Veritas are due to submit their bids in two weeks.

"The invitation (to bid) is still active, everybody is studying their options," he said.

A Fugro spokeswoman confirmed that the Dutch company had received an invitation to submit a proposal, without giving more details.

The "wide-azimuth" seismic survey, due to start in September will be the first of its kind implemented in the Red Sea, a source close to the matter said.

Last week, the oil publication Upstream reported that PGS, WesternGeco, Fugro and CGG Veritas had been invited to bid for the survey of 14,000 square km, expected to be worth up to $200 million.

Aramco is planning to start drilling in deeper offshore frontiers in 2012, Aramco's chief executive Khalid al-Falih said in November.

Falih then specified that Aramco plan to explore for oil and gas in the deep waters of the Red Sea off its eastern coast.

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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