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Understanding Subsurface Pressures

subsurface pressures

Estimated reading time: 3 minutes   Understanding subsurface pressures and their effects on the hydrocarbon system is a key input into developing successful exploration strategies, efficient well planning and ensuring…

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Advantages of Production Sharing Contracts

Industry Petroleum Oilfield Pump Jack Fuel Oil

Estimated reading time: 5 minutes Production Sharing Contracts 2019   A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies)…

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Understanding Production Sharing Contracts

Production Sharing Contracts

Estimated reading time: 3 minutes Production Sharing Contracts 2019   The Production Sharing Contract is one of the most significant form of legal contracts/agreement to be found in the oil and…

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The Future of Gippsland Basin

CGG[1] has commenced the start of Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin. This project will be presenting the highest-resolution 3D seismic data available in this industry.…

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Geological Risk Assessment

The exploration and production of oil and natural gas requires high levels of capital expenditures and are subject to natural hazards and other uncertainties, including the physical attributes of oil…

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