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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Post by Devanand1on May 19, 2021 5:54pm
216 Views
Post# 33234911

Halliburton’s new logging service delivering hi-res images i

Halliburton’s new logging service delivering hi-res images i



StrataXaminer delivers the sharpest images in oil-based mud to visualize and quantify reservoir characteristics and reduce subsurface uncertainty.

Halliburton Company (NYSE: HAL) today announced StrataXaminer™, a new wireline logging service that helps operators acquire more accurate well data to better evaluate production potential. The tool delivers high-resolution images of the reservoir structure to identify bedding, fracture patterns, fault zones and potential flow barriers with increased accuracy.

Obtaining high resolution images in oil or synthetic-based fluid systems has been an industry challenge for decades. StrataXaminer has ten different operating frequencies and customers can select any three frequencies to record simultaneously. This dynamic range allows operators to customize the image quality based on the formation type, fluid system, and record in a single pass.

Halliburton revenue increases in first quarter, company forges ahead with Guyana expansion

“Our team used StrataXaminer to target sedimentary features in tight sands to better understand our fracture network and maximize production,” said a representative from Tarim Oil Company. “Halliburton successfully completed the logging in one run and collected valuable imaging data with fractures characteristic of the target formation.”

The tool is available in three versions to optimize the acquisition quality in various size boreholes and can operate in higher pressures than previous technologies. The 8-pad tool provides the greatest borehole coverage as it records data up and down a well, improving data quality and providing more acquisition options on a single run-in hole.

“StrataXaminer reduces reservoir uncertainty by providing the industry’s highest resolution images in the widest variety of borehole conditions,” said Trey Clark, vice president of Wireline and Perforating. “This service is the latest in a series of formation evaluation technologies that Halliburton has introduced to help operators better understand the subsurface for more accurate decision-making and maximized asset value.”

Halliburton will service 100% of its Guyana operations in-country from this year

Halliburton has operations in approximately 70 countries around the world and has provided services to some of the largest oil and gas companies including ExxonMobil, in Guyana, and elsewhere

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