Recoverable Gas News

The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order.To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January, citing climate crisis. A federal judge in Louisiana in June then ordered the resumption of oil and gas leasing on public lands and waters.Announcing the upcoming Gulf of Mexico lease sale on Thursday…

China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO).Dubbed Shen Hai Yi Hao, the platform is formally commencing production after being installed at the Lingshui (LS) 17-2 gas field in the South China Sea following an announcement by Wang Dongjin, the chairman of its operator China National Offshore Oil Corporation (CNOOC) which is China's largest producer of offshore crude oil and natural gas.

BP has chartered Solstad Offshore's three offshore support vessels to support its Ironbark drilling campaign in Australia.Norway's based offshore vessel owner Solstad Offshore said Monday that BP had awarded contracts for two anchor handling tug and supply vessels Normand Saracen and Far Senator, along with the platform supply vessel  Normand Leader.The vessels will be working with Diamond Offshore's semi-submersible drilling rig ‘Ocean Apex’ throughout the one well campaign, estimated at approximately 90 days duration.

Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The Dutch energy and commodity trading company said in a press note that ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. It is anticipated ENH’s share will increase over time.ENH Energy Trading will focus on energy commodities, in particular LNG, LPG and condensate, enabling ENH to create additional value and develop expertise in trading energy commodities.Mozambique has an estimated 125 TCF of technically recoverable gas resources. In addition to using these resources to fuel domestic energy demand…

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion.The discovery’s profitability is currently unclear, said a statement from the Norwegian Petroleum Directorate (NPD)."Equinor Energy AS has completed the drilling of wildcat well  about 15 kilometres northwest of discovery well (Atlantis) and 370 kilometres north of Hammerfest. The well's primary exploration target was to prove oil in reservoir rocks from the Late Triassic Age (upper part of the Snadd formation)…

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it has spudded the Gierałtowice well, which is the second well being drilled in the Karpaty area in Poland. The Gierałtowice prospect is on the Bielsko-Biała concession in Karpaty and is targeting 4 Bcf of mid-case recoverable gas in two target reservoirs - the Upper Carboniferous sandstone being the primary target with the Lower Carboniferous limestone as a secondary target. San Leon Energy holds 60% and is operator of the concession, with PGNiG holding the remaining 40%. The drilling of the well is expected to be completed in the next few weeks, with any well testing occurring immediately afterwards.

Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday. The find contains between 1 and 2 billion standard cubic metres of recoverable gas, it said. Statoil's partners are Eni of Italy and Norwegian state-owned firm Petoro. Reporting by Gwladys Fouche

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it is spudding the Kety exploration well today, which is the first well of a three-well planned programme in the Karpaty area and Permian Basin in Poland. As announced in August, the Company intends to drill two exploration wells in the Karpaty area and one exploration well in the Permian Basin in Poland during a single campaign using a rig from Exalo Drilling. All three wells are relatively shallow and are in a proven hydrocarbon trend area. Drilling of the first well is expected to be completed by mid-October, with completion and testing planned by the end of October if the well is successful.

Ophir Energy plc announced that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was drilled by the Vantage Titanium Explorer drillship within the thrust belt area of Block R. A 67m gross gas column was encountered in the primary target with high quality reservoir in line with pre-drill expectations. The well was deepened to test a secondary high risk oil target and encountered high quality, but water-wet, reservoirs with weak oil shows. This play remains of interest to Ophir and will be further evaluated on the Block. The drillship has now moved to complete the Fortuna-2 appraisal well, where Ophir will conduct the first flow test in Block R.

Eni, with partners Lundin and Det Norske hoped for oil but discovered gas & condensate at the Salina structure in western part of the Barents Sea. Det norske oljeselskap ASA earlier announced the discovery of hydrocarbons in the Salina prospect in production license 533, operated by Eni. The well confirmed the existence of gas in two reservoir units; in the Cretaceous Knurr formation, and in the Jurassic Stø formation. The well was drilled to a total depth of 2,371 meters below sea level, down to Triassic rock in the Snadd formation. The operator’s estimate of recoverable gas volumes is between six and eight billion cubic meters (40-50 million barrels of oil equivalents).

Mitsubishi Heavy Industries, Ltd. (MHI) completed development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO), and has obtained two kinds of approval in principle (AIP) from major international ship classification societies. In tandem with intensified activity in medium- and small-scale offshore gas field development, demand for LNG-FPSOs, a new method of gas production offering movable capability, has been increasing globally. Boosted by the new recognition of the safety and reliability of its proposed units, MHI will now begin aggressive marketing activities toward construction of the world's first LNG-FPSO.

Gas has been proven by StatoilHydro in exploration well 6507/3-7 Idun North in the Norwegian Sea. Currently being completed, the well is located two kilometres northwest of the Idun find and 12 kilometres north of the Skarv find. The purpose of the well was to prove petroleum in the “Fangst” and “Båt” groups in middle and lower Jurassic rocks. The well proved gas in the “Fangst” group. The underlying “Båt” group was filled with water. “Based on preliminary calculations, the size of the find is estimated at between 0.6 and 3 billion standard cubic metres (Sm3) of recoverable gas,” said Knut Harald Nygård, who is heading StatoilHydro’s exploration activities near existing fields in shallow waters in the northern part of the Norwegian Sea.

StatoilHydro has concluded the drilling of exploration well 6707/10-2S in the . Gas was confirmed in a reservoir with good production qualities. The well was drilled in production license 218, which is located south-east of the Luva gas find and 280 kilometers west of Sandnessjøen in mid-Norway. StatoilHydro is the operator of the production license. The purpose of the well was to confirm gas in reservoir rocks from the Late Cretaceous age in a prospect called Haklang. A 127-metre long gas column was proven in a reservoir with good production qualities.

The presence of a considerable oil column has been confirmed under the Dagny structure in the , near Sleipner, announced StatoilHydro. The total recoverable volume is estimated at 100-125 million barrels of oil equivalent. Gas has also been proven in the deep-water Snefrid South prospect near the Luva discovery in the . The well is estimated to contain some 4 billion standard cubic metres of recoverable gas. Video available includes views of StatoilHydro’s Sleipner facilities, a gas station in , as well as shots of oil and gas transport by road.

According to a recent Reuters report, European energy major Total SA (TOTF.PA) will begin exploring for hydrocarbons in the Bay of Bengal in November, a senior energy official recently stated. In March this year, Total acquired the major stakes of UK-based Tullow Oil PLC (TLW.L) in offshore blocks 17 and 18 and received energy ministry approval to extend the exploration period stated in the production sharing contract by three years until May 5, 2009. The acquisition has left Tullow with a 32 percent stake, U.S.-based Okland Oil Co with 8.0 percent, while Total holds the remaining 60 percent in the offshore blocks. The firm will also drill one exploratory well to a depth of at least 3,000 metres (9,840 ft) in the Bay of Bengal to find new gas reserves in the structure, the official said.

Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and Norsk Hydro -- were now reassessing whether the prospect was commercially viable.