WGP to begin North Sea shoot in April

Marine seismic services provider WGP Group, a subsidiary of Thalassa Holdings, has been preparing to mobilize for its 2017 Spring North Sea projects.

WGP’s parent company said on Tuesday that preparations are now well underway with operations anticipated to start during April, as scheduled.

The company did not reveal any further details about its spring campaign in the North Sea. However, at the end of last year WGP was awarded a contract from ConocoPhillips for seismic data acquisition on the Eldfisk field in the North Sea.

The companies agreed to begin the shoot in the second quarter of 2017 with the duration expected to be at around two months.

Eldfisk is an oilfield that also contains some gas, discovered in 1970, approved for development in 1975, and started production in 1979. It is the second largest of three producing fields in the Greater Ekofisk Area and one of the largest on the Norwegian continental shelf.

Previously, WGP in December 2015 entered into a contract to provide long-term seismic acquisition services to ConocoPhillips. The contract had an initial five-year term.

Also, Thalassa added on Tuesday that it anticipates that WGP’s 2017 revenue from seismic operations will be between $15 and $16 million, up by 30-40% as compared to corresponding estimated revenue of $11.6 million for 2016, assuming there are no cancellations or significant adverse weather conditions.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply