Exxonmobil Exploration News

A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists.The constitutional claim - the first of its kind in the English-speaking Caribbean - asserts that oil exploration and production led by U.S. oil major ExxonMobil off the South American country's coast is unconstitutional, said the case's lead lawyer Melinda Janki.Filed by two Guyanese citizens in late May before the tiny nation's constitutional court, the lawsuit centers on the duty of the state to protect the environment for present and future generations…

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services," said a press release.The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance.

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered. The well was drilled to 5,504 meters depth in 1,940 meters of water by the Stena Carron drillship on May 25, 2018. The Longtail-1 well is located approximately 5 miles west of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza…

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to the ExxonMobil portfolio. Six of the eight newly awarded blocks will be operated by ExxonMobil. The additional blocks expand the company’s total position in the country to more than two million net acres, making it one of the largest acreage holders among international companies in Brazil. “These recent bid round results add highly prospective acreage to ExxonMobil’s deepwater portfolio that we will explore and develop with our partners,” said Steve Greenlee, president of ExxonMobil Exploration Company.

Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir.

The National Ocean Industries Association (NOIA) elected 14 industry leaders to its Board of Directors on April 21, 2016 during its Annual Meeting in Washington, DC. Gary Luquette, President and Chief Executive Officer, Franks International, N.V. Kirk Meche, President and Chief Executive Officer, Gulf Island Fabrication, Inc. Richard Morrison, Regional President Gulf of Mexico, BP America, Inc. W. Matt Ralls, Executive Chairman, Rowan Companies, Inc. Jeff Platt, President and Chief Executive Officer, Tidewater, Inc.

Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right. The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). “This opportunity is in line with Statoil’s exploration strategy of access at scale. It represents access into a frontier basin where we believe we see indications of an active petroleum system and which has impact potential,” says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. “The position strengthens and increases the optionality in Statoil’s long-term international portfolio.

Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast. The discovery could put Guyana on oil and gas Map and the country could become a player in the oil marketplace. However, it will take months to ascertain the size and commercial potential of this discovery. And there could be issues, as the waters also claimed by Venezuela as part of a long-running border dispute between the South American countries. But oil discovery offshore Guyana is the most exciting thing happening in terms of Latin America exploration right now. On Tuesday, Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea. Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery is in the range of 30-80 million barrels of recoverable oil. "We are pleased with having proved new oil resources in the Grane area," said May-Liss Hauknes, Statoil vice president for exploration in the North Sea. "Near-field exploration is an important part of Statoil’s exploration portfolio on the NCS.

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is subject to the final approval of the National Hydrocarbons Agency of Colombia (ANH). “Deepwater offshore Colombia is virtually untested. The award of new acreage in this frontier area is in line with our exploration strategy of early access at scale”, says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. The licence award represents a country entry for Statoil into Colombia.

Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil. Statoil said it will hold 33.33% in the license, while Repsol will be the operator of the license and will hold 33.34% and ExxonMobil Exploration Colombia will hold 33.33%. The award is subject to the final approval of the National Hydrocarbons Agency of Colombia (ANH). “Deepwater offshore Colombia is virtually untested.

EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, agreed to acquire ExxonMobil Exploration and Production Malaysia Inc.’s interest in the Seligi oil field and the PM8 PSC, located offshore Malaysia. The agreement is subject to the approval of Petroliam Nasional Berhad (PETRONAS) and satisfaction of certain conditions precedent. This acquisition is another step in the execution of the Company’s strategy to extend its international footprint in Malaysia. Following completion, the acquisition will contribute approximately 5,000 Boepd of net production and 11.0 MMboe of net 2P reserves to EnQuest. EnQuest has extensive experience in creating value from late stage maturing assets in the North Sea…

Knutsen NYK Offshore Tankers AS (KNOT) name their new tankship 'Ingrid Knutsen' in a ceremony in Hyundai Heavy Industries' shipyard. The ceremony was attended by KNOT president Trygve Seglem, NYK senior managing corporate officer Hitoshi Nagasawa, and NYK corporate officer Svein Steimler, among others. The 112,000 dwt shuttle tanker, which is equipped with a class II dynamic positioning system and a bow-loading system, was named Ingrid Knutsen, and will be used to transport North Sea crude oil to shore.

Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results. For the year ended 2012, the Company reported a net loss of $132.3 million, or $1.00 basic and diluted loss per share. ◦    Costs associated with the 10-year class survey for the Eirik Raude of $65.5 million, or $0.50 per share. Excluding the above items, the Company's net results would have amounted to a net loss of $66.8 million, or $0.50 per share. •    The Company reported Adjusted EBITDA of $354.4 million for the year ended 2012, as compared to $387.9 million for the year ended 2011.

Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East,  and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a joint study on a potential LNG project in the Russian Far East. The agreements, which include plans to explore seven new blocks in the Chukchi Sea…

Exxon Mobil Corporation affiliate ExxonMobil Exploration & Production South Africa Limited, soon to start search for oil & gas deposits. The Tugela South Exploration Right covers approximately 2.8 million acres offshore Durban on the east coast of South Africa with water depths extending from the coastline to approximately 6,500 feet. The future exploration rights cover an additional 16 million acres offshore with water depths extending from the coastline to approximately 9,800 feet. The ExxonMobil affiliate signed an agreement with Impact Africa Limited (Impact), a subsidiary of Impact Oil & Gas Limited, to acquire a 75 percent participating interest in the Tugela South Exploration Right and will become operator.

IOS InterMoor AS, an Acteon company, signed a framework agreement with ExxonMobil Exploration & Production Norway AS to provide engineering services and equipment offshore Norway. The contract will run for five years with the option of three one-year extensions, and the work scope includes inspection and logistics on the Jotun and Balder fields in the North Sea. IOS InterMoor AS’s scope of work will also include other mooring-related engineering tasks. “IOS InterMoor AS was chosen because of its technical competence, quality and 26-year track record of reliable service in the industry in Norway,” said David Smith, managing director for IOS InterMoor AS. “IOS InterMoor AS embraces health, safety and environmental focus in our operations.

The frame agreement covers engineering, procurement, construction and installation for ExxonMobil's operated assets on the Norwegian continental shelf. The fixed contract duration is five years from 2012 to 2017, with options for two additional five year periods. The frame agreement will be managed from Stavanger. The agreement will cover Balder, Jotun A, Jotun B and Ringhorne assets operated by ExxonMobil on the Norwegian continental shelf. Contract parties are Aker Solutions' subsidiary Aker Solutions MMO AS and ExxonMobil Exploration and Production Norway AS. "We are very proud to be chosen by ExxonMobil to undertake this work on the Norwegian continental shelf," says Tore Sjursen, head of maintenance, modifications and operations in Aker Solutions.

A fixed platform has been selected by Statoil and its partners for the Dagny oil and gas discovery in the North Sea, while the Eirin gas field is to be developed with a subsea solution. Gas from Dagny will be exported through a tie-back to the infrastructure on Sleipner East, while offshore loading into shuttle tankers is proposed for the oil. The seabed production installation on Eirin will be tied back to the planned Dagny platform. Originally a small gas discovery just north of the Sleipner fields…

Ocean Installer has successfully completed survey and intervention work at the Balder field, as contracted by ExxonMobil Exploration & Production Norway AS (“ExxonMobil”). The work was performed in May 2012, according to schedule and in line with Ocean Installer’s quality and HSE standards and requirements. The conducted work encompassed inspection and maintenance of the subsea control system at the Balder field, Ocean Installer making use of the long term chartered vessel “Normand Clipper”. This job was the first project to be executed from “Normand Clipper” under the Ocean Installer charter, as well as Ocean Installer’s first offshore job in the Norwegian sector of the North Sea.

StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea. The proven recoverable resources are estimated at about 25 million barrels of oil. The well confirmed the existence of a 280-metre oil column in rocks with good reservoir properties. "Our exploration activities close to fields on stream are successful and the discovery again confirms that there is still a great potential in this part of the North Sea," said Tom Dreyer, StatoilHydro's vice president, infrastructure-led exploration, North Sea. The exploration well was drilled into the Vigdis North-East prospect, located 3 kilometres south of the Snorre field.

J. Ray McDermott, S.A. announced that its Malaysian affiliate Barmada McDermott Sdn. Bhd. has been awarded a transportation and installation contract by ExxonMobil Exploration and Production Malaysia Inc. for the replacement of a 12-inch full well stream pipeline between Guntong-B and Guntong-A platforms, off the east coast of Peninsular Malaysia. The scope of work also includes transportation and installation of a new flare boom to replace an existing flare boom at the Guntong-A platform. The pipeline installation is expected to be completed during the third quarter of 2009. (www.mcdermott.com)

Athens Group announced a 64% increase in year-over-year revenue for 2009 as well as a 225% increase in booked business for 2010. Athens Group is experiencing a growing demand for its Drilling Technology Assurance (DTA) Services on newbuilds and existing fleets as drilling contractors and operators become increasingly aware of the need for control systems and software engineering expertise on today’s high-specification assets. In 2010, Athens Group’s Proven Practices Methodology will be used by a growing base of customers to reduce Non-Productive time (NPT) and improve safety during all phases of the rig lifecycle including construction, operations, annual audits, and refurbs.