Condensate Discovery News

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil.In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.Jonathan Landes…

Esgian provides an update on exploration drilling in its Week 25 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesOslo-listed BlueNord announced on Monday the start-up of drilling operations on the Harald East Middle Jurassic well (HEMJ) in the Danish North Sea.Occidental Petroleum (Oxy) encountered non-commercial hydrocarbons at the Orange #1 exploration well on Mississippi Canyon Block 216 in the US GOM and the well has been plugged and abandoned.

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

Offshore seismic survey specialist Shearwater on Friday announced a new project with the Austrian oil firm OMV for a "pioneering" towed streamer survey with Ocean Bottom Nodes over the Berling gas and condensate discovery in the Norwegian Sea. Spanning 1040 sq.km, this hybrid survey starts in July 2023 and will last for three months. Shearwater's vessels, SW Tasman and Oceanic Vega, will lead the operations. SW Tasman will operate as an ROV node deployment vessel for first time…

South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa, announced Transnet National Ports Authority (TNPA).The authority has dispelled criticism that it may not be ready to answer the call for capacity necessitated by the recent discovery of vast amounts of gas condensate about 175 kilometres south of Mossel Bay.Mossel Bay Port Manager Shadrack Tshikalange said the port’s role in the drilling expedition involved providing land and quay space for the logistics base operations…

President Energy gave a mid-November update on the progress of the Lapacho well, Chaco Region, Paraguay. The well has been drilled to 4,490m since setting casing at 4,125m. President has previously announced that a light oil/condensate discovery had been made higher up the well in the Icla Formation and that drilling would continue to penetrate the main Santa Rosa target. President has now drilled the upper section of the Santa Rosa Formation and considers it is drilling a series of gas or gas/condensate sands. Whilst at this stage it is too soon to state a discovery has been made before a full evaluation is done, there is evidence which…

Total today signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company. The transaction is valued at $1.5 billion and is subject to customary approvals. “The sale of our interest in Shah Deniz is in line with Total’s active portfolio management and the focus of its investment capability on more strategic assets,” said Michael Borrell, Senior Vice-President Continental Europe and Central Asia at Total’s Exploration and Production. “This sale is another step forward in achieving our asset sale program. In Azerbaidjan, Total remains operator of the Absheron offshore field with a 40% share.

Statoil's third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. "Statoil delivered strong strategic progress in the third quarter. We added high-value barrels through the Bay du Nord discovery offshore Canada, the world's largest oil discovery this year. We also announced a major divestment to capture value created through asset development and unlock capital for investment in high return projects. Our operational performance is good and we delivered solid earnings in the period," said Helge Lund, Statoil's president and CEO. Statoil's net operating income of NOK 39.3 billion in the third quarter was positively impacted by gain from sale of assets. Refinery impairments and commercial provisions impacted the financial result negatively.

Aberdeen-based project management and development engineering specialist EPC Offshore has signed an agreement with Total E&P UK Ltd. (TEP UK) to provide support services at its natural gas and condensate discovery in the Atlantic. Edradour, located in Block 206/4 of the U.K. Continental Shelf, is expected to start pumping in 2016, will be linked to the $3.3 billion Laggan/Tormore development west of the Shetland Islands. EPC Offshore will provide project management services for the development as part of a six month contract worth in excess of £260,000.

GDF SUEZ E&P UK Ltd awards a £1.4 million joint study to Xodus Group and Atkins for Concept Select work for the Austen (formerly Jacqui) field in the Central North Sea, with a further option to proceed into the Concept Definition phase. The studies will identify development and export options for the field. Aberdeen-based Xodus and Atkins will start work immediately with completion scheduled for Q1 2014. The contract follows the successful drilling of an appraisal well by GDF SUEZ E&P UK in 2012 and was bid against competition from other UK and European contractors. It is the start of several workscopes currently being planned by GDF SUEZ E&P UK to support its Central North Sea development portfolio.

Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge. Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main bore 2/4-21 and an additional 70-metre gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent (o.e.).

StatoilHydro has begun production from the Tyrihans oil and gas field in the Norwegian Sea. The new field comprises Tyrihans South, an oil field with a gas cap, and Tyrihans North, a gas and condensate discovery with a thin oil zone. The recoverable volumes in the reservoirs are 186 million barrels of oil and condensate, and 41.5 million standard cubic m of gas. Its proximity to other fields on the Halten Bank allows Tyrihans to use existing infrastructure.