Page 21 - Ocean Bottom Node News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Peter Uzoho Total Exploration and Production Nigeria Limited has said the deepwater royalties stipulated in the amended Deep Offshore and Inland Basin Production Sharing Contract Act (DOIBPSCA) 2019 and related provisions in the Finance Act 2020, has led to significant value erosion of oil and gas assets and a slowdown in investment in the Nigeria oil and gas industry. Aside the concerns on the new fiscal provisions introduced into the two Acts, the international oil company (IOC) also said the uncertainty coming from the Petroleum Industry Bill (PIB), which it noted does not appear to imp...

GoM: Magseis Fairfield awarded deepwater OBN monitor survey in US Gulf of Mexico 16 Dec 2020 Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico. The survey is anticipated to start in Q1 2021 and run for approx. three months. The OBN study is for a repeat customer, with nodes to be deployed by ROV at 1,000-1,900 meters depth. Magseis Fairfield will mobilize the ZXPLR1 crew for this data acquisition contract. 'This contract ensures a continued backlog on our ZXPLR1 crew well into Q3 2021. The high-quality results and cost-efficient operations means the crew remains in demand even ...