Monday, September 26, 2022

Exxon awards contract to Magseis Fairfield for geophysical work in Stabroek Block

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Oslo-listed marine seismic survey firm, Magseis Fairfield, has been awarded a contract by ExxonMobil Guyana to conduct geophysical work in the Stabroek Block.

According to Magseis, the contract is for a “large Ocean Bottom Node (OBN) project”, to be conducted using its ZXPLR technology. Though the value was not disclosed, the project is expected to last for a minimum of 14 months.

“We are very pleased to have been awarded this large OBN project, which potentially sets the stage for other projects in this region,” said Chief Executive Officer (CEO) of Magseis, Carel Hooijkaas.

Magseis Fairfield touts itself as the global leading provider of ocean bottom seismic (OBS) technology and data acquisition projects.

Its ZXPLR technology is a hybrid system capable of dual-mode deployment in both deep and shallow water, designed to further simplify node management, maintenance, and inventory control, reducing overall costs by supporting multiple operations.

ExxonMobil ramps up search for more hydrocarbons offshore Guyana | OilNOW

Magseis said ZXPLR can be deployed with a passive rope or by a remotely operated underwater vehicle (ROV).

“In deepwater applications, High-Speed Loader (HSL) capacity is increased, employing mid-water docking and active heave controls on HSL and ROV systems. In shallow water operations, hands-free rope connection / disconnection and automated retrieval / deployment enhance safety and efficiency,” the company explained.

It was only back in April, that ExxonMobil wrapped up 4D seismic operations in the 6.6 million acres Stabroek Block.

The U.S. oil major has discovered close to 11 billion barrels of oil equivalent since 2015 at the Stabroek Block and continues to pursue an aggressive exploration campaign that could see this increasing significantly.

In fact, company officials have said resources in the Guyana basin could be double that which has already been found.

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