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Business & Finance, Equipment, Operations & Maintenance
Spectrum Geo has expanded their in-house seismic imaging solutions with an agreement to purchase licenses of the Echos™ processing package from Paradigm. Spectrum vetted the Paradigm Echos software based upon industry position as the leading commercial seismic processing system for generating 2D and 3D images of the subsurface. Pre-stack multiple attenuation tools inherent in […]
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Business & Finance, Operations & Maintenance, Project & Tenders
Spectrum has secured a significant 2D seismic acquisition capacity with Seabird for expansion of their Multi-Client library, together with a re-let agreement for Spectrum’s vessel, the GGS Atlantic. As part of the continued growth of Spectrum’s Multi-Client library, the company has now committed to the acquisition of 2D seismic data worth 23 million dollars […]
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Business & Finance, Operations & Maintenance
Spectrum has completed the purchase of the Marine 2D Multi-Client library of CGGVeritas effectively doubling their Multi-Client portfolio. This conclusion follows endorsement by the Board Members and shareholders of both companies and the completion of a US$40 million transaction. The combined size of Spectrum’s library now exceeds 1.1 million kilometres of 2D Multi-Client seismic […]
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Effective from midnight May 20th 2011, Spectrum has secured a significant 2D seismic acquisition capacity with Seabird for expansion of their Multi-Client library, together with a re-let agreement for Spectrum’s vessel, the GGS Atlantic. As part of the continued growth of Spectrum’s Multi-Client library, the company has now committed to the acquisition of 2D seismic […]
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Effective from midnight May 20th 2011, Spectrum has secured a significant 2D seismic acquisition capacity with Seabird for expansion of their Multi-Client library, together with a re-let agreement for Spectrum’s vessel, the GGS Atlantic. As part of the continued growth of Spectrum’s Multi-Client library, the company has now committed to the acquisition of 2D […]
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Spectrum has completed the purchase of the Marine 2D Multi-Client library of CGGVeritas effectively doubling their Multi-Client portfolio. This conclusion follows endorsement by the Board Members and shareholders of both companies and the completion of a US$40 million transaction. The combined size of Spectrum’s library now exceeds 1.1 million kilometres of 2D Multi-Client seismic making […]
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Spectrum ASA has started a 3,600 km Multi-Client 2D seismic survey offshore Uruguay. According to the company, the new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultra deep water acreage in the Oriental del Plata and Pelotas basins, anticipating the third licensing round in Uruguay expected to be held in […]
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Business & Finance, Project & Tenders
Spectrum has commenced the next phase of its 2D campaign in Brazil to acquire an additional 6,000 km over the Foz do Amazonas basin. The program immediately follows on from the phase 1 survey of 15,000 km, which was completed successfully and ahead of time. The phase 2 survey will be completed in the fourth […]
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Business & Finance, Operations & Maintenance
Spectrum commenced the next phase of their Brazilian Equatorial Margins program this week taking the first shot on the 15,000 kilometer Foz do Amazonas survey. After completion of this survey in the third quarter 2012, Spectrum will have collected over 27,000 kms of new long offset data over this highly prospective region. The program […]
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Business & Finance, Operations & Maintenance, Project & Tenders
Officials from the Lebanese Ministry of Energy and Water have signed a contract extension with Spectrum for the licensing of the highly successful “LEB-02” and “EMED-00” Multi-Client seismic datasets offshore Lebanon. The signing ceremony was attended by leading figures in the Ministry including the Honourable Minister Gebran Bassil. The ceremony was also covered by local […]
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Spectrum commenced the next phase of their Brazilian Equatorial Margins program this week taking the first shot on the 15,000 kilometer Foz do Amazonas survey. After completion of this survey in the third quarter 2012, Spectrum will have collected over 27,000 kms of new long offset data over this highly prospective region. The program is […]
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Business & Finance, Equipment
Spectrum announced today that its vessel has arrived in Mexico and started the acquisition of the Gulf of Mexico 2D campaign, in collaboration with Schlumberger. The two companies entered into cooperation agreement to jointly acquire and process Spectrum’s offshore Mexico Campeche-Yucatan 2D regional Multi-Client program in May 2015. The first phase of the acquisition program, named “Mexico […]
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Spectrum has started the next phase of its 2D campaign in Brazil to acquire an additional 6,000 km over the Foz do Amazonas basin. The program immediately follows on from the phase 1 survey of 15,000 km, which was completed successfully and ahead of time. The phase 2 survey will be completed in the fourth […]
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Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development
Spectrum announces a major Multi-Client transaction with CGGVeritas priced at USD40mill. Spectrum will acquire the 2D Marine Multi-Client library from CGGVeritas encompassing more than 500,000 km of seismic data. This transaction is in line with the growth strategy of Spectrum to become a leading MultiClient company. The new combined Spectrum library will exceed 1.000.000 km […]
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Business & Finance, Operations & Maintenance
Multi-Client seismic specialists, Spectrum, informed that its vessel has arrived in Mexico and started the acquisition of their Mexico Gulf of Mexico 2D campaign, in collaboration with Schlumberger. Earlier in May, Spectrum entered into a cooperation agreement with Schlumberger to jointly acquire and process Spectrum’s offshore Mexico Campeche-Yucatan 2D regional Multi-Client program. The cooperation agreement includes more […]
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Spectrum announces a major Multi-Client transaction with CGGVeritas priced at USD40mill. Spectrum will acquire the 2D Marine Multi-Client library from CGGVeritas encompassing more than 500,000 km of seismic data. This transaction is in line with the growth strategy of Spectrum to become a leading MultiClient company. The new combined Spectrum library will exceed 1.000.000 km […]
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Spectrum has started a 3,600 km Multi-Client 2D seismic survey offshore Uruguay. The new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultra deep water acreage in the Oriental del Plata and Pelotas basins, anticipating the third licensing round in Uruguay expected to be held in 2015. The data is being collected by the […]
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Spectrum has completed the reprocessing of approximately 9,000kms of regional 2D seismic data from the Italian sector of the Adriatic Sea on a Multi Client basis. The original surveys were acquired by the Italian government as part of a study to highlight the hydrocarbon potential of the Adriatic Sea. The majority of production in […]
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Business & Finance, Equipment
Spectrum ASA has entered into an agreement for the acquisition of Fugro’s Multi-Client library for a price of $115 million on a cash- and debt-free basis. Spectrum says that the transaction is fully funded through a combination of bank debt and a fully guaranteed share issue. Spectrum will, after the transaction, increase its 2D library […]
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Business & Finance, Operations & Maintenance
Spectrum is set to commence acquisition of a new 2D Multi-Client seismic survey in early November 2011 which covers several areas in the northern equatorial margin offshore Brasil. The survey area includes sector blocks expected to be announced in the 11th license round in the second quarter of 2012. The acquisition will focus on the […]
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Spectrum ASA, a seismic specialist listed on the Oslo Stock Exchange, today announced it has completed the acquisition of Carmot Seismic AS and Carmot Processing AS. The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes covering approximately 125,000 square kilometers of the Norwegian Continental Shelf and more than […]
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Business & Finance, Operations & Maintenance, Research & Development
As part of the company’s ongoing strategic growth plan Spectrum has announced considerable strengthening of the Executive Management Team with the appointment of a new Chief Financial Officer (CFO) and the creation of a Chief Operating Officer (COO) position. Henning Olset has been appointed as the new CFO of Spectrum ASA with effect from […]
