PETRONAS Signs Contract with Schlumberger for Campeche Basin Seismic Survey

Schlumberger reported Thursday that Malaysia's national oil company Petroliam Nasional Berhad's (PETRONAS) wholly-owned subsidiary, PETRONAS (E&P) Overseas Ventures Sdn Bhd, has signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.

"We are pleased to have the opportunity to expand our collaboration with PETRONAS in Mexican waters of the Gulf of Mexico ... We will leverage our extensive U.S. Gulf of Mexico experience to deliver enhanced subsalt imaging and additional exploration solutions to our clients," Maurice Nessim, president, WesternGeco, Schlumberger said in the press release.

PETRONAS indicated that the WesternGeco Campeche WAZ deepwater multiclient seismic survey will provide the firm with a high-quality global growth opportunities and the firm plans to use the best available technology for this purpose.

"The WAZ seismic will help unravel the hydrocarbon potential in the complex and under explored Mexican deepwater basins ... This will enable PETRONAS’ growth efforts in high grading selective new investments to strategically position ourselves and grow in the region, in support of Mexico’s Energy Reform," Emeliana Rice-Oxley, vice president of Exploration, PETRONAS commented.

Schlumberger said more than 30,888 square miles (80,000 square kilometers) of newly imaged subsurface data, which have been acquired in the last 12 months, are available for oil and gas companies participating in exploration in Mexico. The project follows the Mexican government’s opening of licensing rounds to non-government companies for the first time.



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