AGS wraps up OBN survey offshore India for ONGC

One of AGS' vessels. Source: Wikimedia

Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has completed a major field acquisition for ONGC of over 2,000 square kilometers in oilfields encompassing D1 and NH fields on the western continental shelf of India.

The campaign contract was awarded in August 2018 to AGS and its strategic partner.

Announcing the completion of the survey on Friday, AGS said that its part of this contract is valued at over $70 million. AGS has been responsible for the entire offshore acquisition operation, and the strategic partner has provided field quality control, data processing support, contract holding and client interface.

“This is a major milestone for AGS. We have completed a profitable Ocean Bottom Node (OBN) project on schedule and we have positioned the company for additional surveys in the region,” says Lee Parker, the CEO of AGS.

“We see a growing interest in ocean bottom seismic acquisition services and we experience increased demand from oil companies across the board. I am very excited about the prospects,” he adds.

The campaign used five seismic specific vessels, two dual source vessels and three ocean bottom node handling vessels.

AGS is now mobilizing two of the vessels back to the Norwegian North Sea to complete the Utsira Ocean Bottom Node (OBN) Multi-Client project. Namely, AGS and TGS last November entered into a strategic collaboration for multi-client ocean bottom node projects in the North Sea.


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