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HOUSTON -- Noble Energy plans to resume exploration drilling in the Falkland Islands in 2015 following the acquisition and evaluation of an extensive 3D seismic program over portions of the company' s 10 million acre position. Noble Energy’s initial operated prospect has been named Humpback and is located in the Fitzroy sub-basin of the Southern Area License.
RIO DE JANEIRO – The Libra consortium has signed a letter of intent (LOI) with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform designed for the extended well test campaign at the Libra area, in the Santos basin pre-salt. The delivery of the FPSO and the start-up of the first extended well test are scheduled for the fourth quarter of 2016. The plan is to conduct tests in several areas of the block, in order to evaluate the production performance and acquire information about the Libra area. Based on these data, future definitive production systems will be later designed.
STAVANGER, Norway (Bloomberg) -- Statoil ASA is preparing to drill a last exploration well in the Barents Sea this year after disappointing results for Norway’s largest energy company in its efforts to unlock Arctic resources since 2013. The company will move the Transocean Spitsbergen rig to the Saturn prospect after its Isfjell well resulted in only a small gas discovery, spokesman Knut Rostad said by email. Isfjell is estimated to hold 1 billion to 2 billion cubic meters of natural gas, the Norwegian Petroleum Directorate said earlier.
LONDON (Bloomberg) -- BP Plc, almost 50 years after acquiring its first North Sea license, is preparing to start a 700 million-pound ($1.1 billion) project in the region that’s expected to produce oil and gas into the next decade. BP, the second-largest British oil producer, will start production from the Kinnoull field this month, CEO Bob Dudley said at an event in London Oct. 9.
LONDON -- Perenco, an independent E&P company, failed to find a commercial hydrocarbon pay with its Sputnik-1 exploration well offshore Gabon. Perenco’s Sputnik-1 well, which was targeting a pre-salt structure in Gabon’s offshore Arouwe block, encountered a noncommercial hydrocarbon pay in up to 300 m of net sandstone reservoir.
LONDON -- Tullow Oil’s subsidiary Tullow Oil SK Limited has completed the sale of 53.1% of its Schooner unit interest and 60% of its Ketch asset in the UK Southern North Sea to Faroe Petroleum. Operatorship of Schooner and Ketch will now transfer to Faroe.
STAVANGER, Norway -- Statoil Petroleum, operator of production license 714, is currently completing the drilling of wildcat well 7220/2-1. The well found between 1 and 2 Bcm of recoverable gas, the Norwegian Petroleum Directorate reports.
ASKER, Norway -- TGS is expanding its Constitution group of WAZ 3D projects with the commencement of the Declaration survey. Declaration will cover 6,061 sq km (260 OCS blocks) in the Mississippi Canyon and Viosca Knoll protraction areas of the Central Gulf of Mexico and will be acquired orthogonal to TGS' underlying Justice WAZ 3D survey.
STOCKHOLM, Sweden -- Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has started drilling exploration well 33/2-1 in PL555. The well will investigate the hydrocarbon potential of the Storm Prospect in PL555, which is located 200 km west northwest of FlorØ on the Norwegian west coast and approximately 65 km northwest of Snorre field.
2H Offshore developing Managed Pressure Drilling system riser equipment for Weatherford HOUSTON 2H Offshore has been appointed by Weatherford Secure Drilling services to manage the design and delivery of the riser equipment for its Managed Pressure Drilling (MPD) system. The
Ocean Rig UDW has signed definitive documentation, following the previously announced contract award, for a 6-year contract for drilling operations offshore Angola for its ultra-deepwater drillship the Ocean Rig Skyros, with Total E&P Angola (Block 32).
The contract is expected to commence in the third quarter of 2015 and has an estimated backlog of $1.3 billion.
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.
Cairn hits pay at FAN 1 exploration well off Senegal EDINBURGH, Scotland Cairn together with its JV partners has reported that the FAN 1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 m water depth and
Cairn hits pay at FAN 1 exploration well off Senegal EDINBURGH, Scotland Cairn together with its JV partners has reported that the FAN 1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 m water depth and
Petrobras’ Tanganika well hits gas in EspÃrito Santo basin RIO DE JANEIRO Petrobras has discovered a new gas accumulation in the EspÃrito Santo basin post salt cluster. The discovery was made when drilling well 3 ESS 222, known as Tanganika,
ABERDEEN, United Kingdom -- Faroe Petroleum has been awarded three new licensing options -- LO 14/1, 14/2 and 14/3 -- in the Celtic Sea, offshore Ireland. The two-year licensing options are located on the southern margin of the North Celtic Sea basin, in relatively shallow water depths of between 80 and 110 m, which together cover an area of 3,458 sq km and are all situated within 75 km of the south coast of Ireland.
Soma Oil & Gas Exploration reported the completion of its offshore seismic acquisition program which commenced in February 2014.
The seismic acquisition program was carried out by SeaBird Exploration and concluded in June 2014 with over 20,500 km lines of 2D seismic data having been acquired across a 122,000 sq km offshore evaluation area. The processing of the seismic data is expected to take until late 2014 to complete.
Soma Oil & Gas will provide the processed seismic data to the Ministry of Petroleum & Mineral Resources, Federal Government of Somalia, for use by the Ministry and storage in the Ministry’s data room in Mogadishu.
Under the terms of the Seismic Option Agreement signed by the Ministry and the company, Soma Oil & Gas has the right to apply for Production Sharing Agreements for an area of up to 60,000 sq km.
Robert Sheppard, CEO of Soma Oil & Gas, said, “The completion of the 2D seismic acquisition programme is a significant milestone for both Soma Oil & Gas and the Federal Government of Somalia. The quantity and quality of seismic data acquired is at the top end of our expectations and importantly we have managed to complete the seismic acquisition program with no security or HSE incidents.
Our efforts are now focused on the processing, reprocessing and interpretation of the seismic data in order to identify leads and prospects by the end of 2014. At that point, Soma Oil & Gas will be ready to apply for PSAs in the areas of most interest to the company.
Somalia remains a significantly under-explored region despite large recent discoveries elsewhere in East Africa and Madagascar and we are continuing to assist the Federal Government of Somalia in accelerating the development of its oil and gas potential.”
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Providencehelp Worldwide Foundation, online.
