Texaco Announces Discovery Off Australia

Friday, February 02, 2001
Texaco announced two new gas discoveries in the Northern Carnarvon Basin, offshore Western Australia by joint ventures comprising Texaco, Chevron, ExxonMobil, Shell and BP. The Iago-1 well, located in Exploration Permit WA-25-P and the Io-1 well in Exploration Permit WA-267-P follow successful wildcat discoveries Geryon-1 (1999), Orthrus-1 (1999), Urania-1 (2000), Maenad-1 (2000) and Jansz-1 (2000) made by Texaco and its partners in the same area adjacent to the giant Gorgon gas field. The Iago-1 well was drilled to a total depth of 11,100 feet in a water depth of 387 feet. Wireline logs and formation tests have been run and indicate that a hydrocarbon column has been intersected in the Triassic Mungaroo Formation primary objective. The well was plugged and abandoned as a gas discovery on January 3rd. The Io-1 well was drilled to a total depth of 9,941 feet in a water depth of 4,436 feet. The well was plugged and abandoned as a gas discovery on January 14th. Both wells were drilled by the Marine 500 which is a `fit for purpose' deepwater drilling rig capable of operating in water depths up to 5,000 feet.

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Ports

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

Shenzhen Port to Adopt China ECA Regulation

China's Shenzhen port is set to to adopt requirements for ships at berth requiring to burn marine fuel with sulfur content not exceeding 0.5 percent starting October this year,

Cochin Port Gets a Little 'Breathing Space'

The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Narendra Modi, has given its approval for waiver of penal interest on Government

 
 
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