ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship, encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. The Lau Lau-1 well, drilled by the Noble Don Taylor drillship, hit around 315 feet (96 meters) of high-quality hydrocarbon-bearing sandstone reservoirs.
Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite 'Huge'
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6.6 million acres (26,800 square kilometers) offshore block. The well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery that was announced in January 2020 and approximately 3 miles west of the Yellowtail field. Whiptail-1 is being drilled in 5…
Noble Reports 2013 Results
Noble Corporation has reported fourth quarter 2013 net income of $174 million, or $0.68 per diluted share. Results for the fourth quarter included an after tax charge of $36 million, or $0.14 per diluted share, relating to an impairment taken on the FPSO Seillean. Excluding the impairment charge, net income for the fourth quarter would have totaled $210 million, or $0.82 per diluted share. For the third quarter of 2013, the Company reported net income of $282 million, or $1.10 per diluted share, which included after tax gains totaling approximately $63 million, or $0.25 per diluted share.
Offshore Drilling Contractor Noble Corp – Fleet Status Report
Noble Corporation recently released a Fleet Status Report showing that the company's 2012 guidance on average fleet unpaid operational downtime is expected to total 3.5%. The Company says it will continue to report planned periods of downtime by rig covering regulatory inspections and upgrade projects. Timing and length of planned shipyard stays are subject to, among other things, changes in Noble's and its customers’ schedule(s). North Sea Noble Ton van Langeveld: Early Oct 2012 – Early Oct 2014 at a dayrate of $275,000. Noble George Sauvageau: Early Jan 2013 – Late Dec 2013 at a dayrate of $140,000. Newbuild - Noble Regina Allen (JU3000N I): Received letter of intent starting in the 2Q2013 – 4Q2014 at a dayrate of $230,000.
SCI Dedicates Houston Facility
Seaman’s Church Institute (SCI), recently opened a simulator training facility in Houston. SCI's third facility represents state-of-the-art technology as well as world-class instruction for professional mariners. After attending the Center's first training class in April, Kirby Instructor John Moyle said, "The simulation was so real that when they stopped the simulator, I actually lurched forward." Moyle has over 30 years of experience as a captain and is now an instructor. "Training is more than increased efficiency. A well-trained crew saves lives and protects the environment," said Captain Eric Larsson, Director of the Center for Maritime Education that also includes SCI training facilities in New York City and Paducah, Ky.
