Golden spike oil and gas
Many of the fields were found by Imperial Oil, but other major oil companies, such as British American, Gulf, Anglo-Canadian and Home Oil, were also having success. The use of gravimeters (or gravity meters) and improving seismic technology contributed greatly to these discoveries. In 1948, Imperial Oil was faced with a choice to drill near Golden Spike, AB or surrender the land back to the Government. Their seismic data for the area was poor quality and the geophysicist could not identify a drillable target. Imperial’s Calgary Manager ordered the drilling superintendent, Tately beat three other bidders for the Palmerah block in South Sumatra, which was said to be one of the most sought-after by oil companies. The other three bidders were Golden Spike Energy Indonesia, ConocoPhillips and Elnusa Harapan.