Gulf Oil and Gas accountACCOUNT

SeaBird Exploration announces sale of seismic data licence

Source: www.gulfoilandgas.com 3/11/2019, Location: South America

SeaBird Exploration has announced a license sale of seismic data over Rio Grande Rise in Brazil. SeaBird's share of the sale is approx. $0.8 million. The license sale relates to assets which previously have been written down to $0.2 million on the balance sheet. The company will therefore report a gain of $0.7 million in quarter one, related to this transaction.

SeaBird holds a number of assets with zero book value following impairment testing and write-downs in recent years. These assets comprise of both multi- client surveys as well as trade receivables. The company will continue working towards monetizing these assets going forward.

Seismic survey News in Brazil >>

Ivory Coast (Cote D'Ivoire) >>  5/22/2020 - This new 900 sq. km multi-azimuth broadband seismic survey from PGS provides increased resolution and sharper imaging of prolific Upper Cretaceous pla...
Australia >>  5/21/2020 - Neptune Energy announced the successful acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of...

Saudi Arabia >>  5/19/2020 - Industrialization and Energy Services Company (TAQA) and CGG - the shareholders of Arabian Geophysical & Surveying Company (ARGAS) - announced that t...
United Kingdom >>  5/18/2020 - Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award by Apache of a 4D seismic survey with 3D extension over the Forties ...

Saudi Arabia >>  5/14/2020 - Sercel announced the successful large-scale deployment of its industry-leading seismic data acquisition technology on a mega-crew survey currently bei...
Equatorial Guinea >>  5/12/2020 - Subsidiaries of Russia's Rosgeologiya, Zarubezhgeologiya and Yuzhmorgeologiya have signed with the Ministry of Mining and Hydrocarbons of Equatorial G...

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 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.