CGG and Fairfield Geotechnologies are teaming up to conduct a large-scale, multi-client seismic survey of the Austin Chalk formation in South Central Louisiana, CGG reported Thursday.
Under their recently signed cooperation agreement to conduct a 578-square-mile wide-azimuth survey called “Bayou Boeuf,” CGG and Fairfield plan to image the Austin Chalk in portions of Avoyelles, Evangeline, Rapides and St. Landry parishes. In a written statement emailed to Rigzone, CGG added that permitting is nearly complete and acquisition is expected to start in September of this year.
“The Austin Chalk is a prospective play that has been gaining interest among operators in the industry,” stated Dechun Lin, executive vice president of CGG’s Multi-Client and New Ventures unit. “The aim of our Bayou Boeuf survey is to provide a better understanding of the geology in the area, unlocking its potential.”
A February 2018 map produced by the Louisiana Department of Natural Resources shows various oil and gas fields within the Austin Chalk.
To put that in perspective, the Bakken will produce more than 1.4 million bbls of oil every day, or 55 million bbls of oil in less than 40 days.
Austin Chalk is a tough nut to crack. That said, if they do, it also gives them an option on the TMS. Which is another tough nut to crack. But still, gotta figure it's at least an added option value.
ReplyDeleteThank you. I appreciate that. I know nothing about oil plays outside of the Bakken. I post other plays, such as the Austin Chalk, just to keep track of what's going on. What surprised me this time, and it completely surprised me, is the cumulative for the Austin Chalk. Puts the Bakken into perspective, at least for me. But I really appreciate you weighing in -- gives me a bit more insight regarding these other plays.
DeleteYears ago (less than ten years ago), the Bakken was a tough nut to crack also, so my hunch is that the rough necks and the geologists will solve the Austin Chalk challenge. Wow, this is fun.