Texaco Announces Discovery Off Australia
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.
Petronas-Shell Makes Fourth Discovery
CS Mutiara Petroleum Sdn Bhd, a 50/50 joint venture company between PETRONAS Carigali Sdn Bhd and Shell Exploration and Production Malaysia B.V., has made another gas discovery in Block PM301, off the northeast coast of Peninsular Malaysia. Drilling operations on Bumi South-1 well commenced on 25 February 2005. The exploration well, located in a water depth of 55 m was drilled to a total depth of 1650 m and encountered multiple gas zones. Further technical evaluation is required to determine the reserves. Bumi South-1 is the fourth discovery in Block PM301, following the recent exploration successes of Bunga Kamelia, Bunga Zetung and Bunga Anggerik. The latest discovery is located about 25 kilometres northwest of the Bunga Anggerik gas field discovered in November 2004.
Sound Oil's Nervesa Gas Discovery
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to update investors on its continued progress with the proposed second well addressing the Southern limb of the Nervesa gas discovery, onshore Italy. The 5,000psi single completion wellhead has now been delivered to a local warehouse and is ready for installation. The remaining long lead items have now also been ordered and are scheduled for delivery during September. These additional items include a full set of casing, tubing and the liner hanger.
Conclusion of Seismic Surveys, Offshore Ireland
announced the conclusion of its seismic acquisition program in the and St. Georges Channel area, offshore . The program, first announced on 15 September, 2006 was carried out by Gardline Surveys Limited utilizing the MV Sea Surveyor. In total, approximately 1,000 kms of high quality data was acquired in the period 10 October 2006 through to 6 November 2006 Specifically, 286 kms of 2-D data was acquired over Pegasus, a large exploration structure in the St. Georges Channel, 369 kms of 3-D data was acquired over the Ardmore gas discovery and 279 kms over the Hook Head oil and gas discovery. As announced on 26 October 2006, Ocean Bottom Seismic (OBS) was successfully deployed over the Blackrock oil discovery.
Petro-Canada Reports O&G Discoveries
Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago, according to a report on The Canadian Press. In Trinidad and Tobago, the Cassra-1 well in deep-water Block 22 was completed as a significant natural gas discovery. Petro-Canada operates the well and holds a 90 per cent interest. The second discovery was in the British sector of the North Sea, with the successful completion of the 13/21b-7 well. The well encountered two oil columns that total nearly 80 metres when combined.
WAPET Makes Gas Discovery
Western Australian Mines Minister Norman Moore announced last week that West Australian Petroleum Pty Ltd (WAPET) had made a significant gas discovery in its deepwater exploration area off the state's northwest coast. Moore said the Geryon 1 well was drilled in exploration area WA 267-P, operated by WAPET. "Preliminary estimates suggest that the field contains a world-class gas resource," he said. A WAPET spokesman said the well was the second in a seven well drilling program in the permit area. The first well was Euryale and drilling of the third well was underway. Other stakeholders in WA-267-P are local units of Texaco Inc and Mobil Corp. that each have 25 percent. Units of BP Amoco and Royal Dutch/Shell each have 12.5 percent.
Statoil Makes Gas Find in Arctic
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
TotalFina Makes Discovery In Gulf Of Mexico
TotalFina reportedly made a deep offshore gas discovery in the Gulf of Mexico as part of a consortium with U.S. Marathon Oil and WI Inc. The group found a gas column approximately 197 ft. high located southeast of New Orleans, on the Camden Hills prospect.
Statoil: Gas discovery in Pingvin
Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg. The discovery well 7319/12-1, drilled by the drilling rig Transocean Spitsbergen, proved a 15-metre gas column in the well path. Statoil estimates the volumes in Pingvin to be in the range of 30-120 million barrels of recoverable oil equivalent. The discovery is currently assessed as non-commercial.
Island Oil & Gas Drilling Begins at Celtic Sea well
Island Oil and Gas PLC said it spudded a gas appraisal well (49/23-2) in the Celtic Sea, offshore Ireland. The well is the first of this year's drilling program. It is also the company's second well at the Old Head of Kinsale and follows on from the gas discovery with its operated well 49/23-1 in 2006. The company plans to produce first gas in the fourth quarter of 2008. Source: AFX
Fastnet to Farm in Tendrara Lakbir
Fastnet, the UK and Irish listed E&P company focussed on near term exploration and appraisal acreage in Morocco and the Celtic Sea, announced that its wholly owned subsidiary Pathfinder Hydrocarbon Ventures Limited (Pathfinder) has entered into an amended exclusive option agreement with Oil and Gas Investments Funds (OGIF) (the "Option Agreement"), in relation to eight Exploration Permits comprising the Tendrara Lakbir Petroleum Agreement (the Tendrara Licence) onshore Morocco.
Drillsearch Discovers Gas at Varanus South-1
Drillsearch Energy Limited announced a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin. The Varanus South-1 well in PEL 513 (Drillsearch 40% and Santos 60% and Operator) is the first well to be drilled by Santos and Drillsearch under the joint venture between the companies announced in July 2013. Varanus South-1 was drilled to a total depth of 3,154 metres as a near-field exploration well. Drillsearch’s preliminary interpretation of wireline logs…
Early Signs Point To Major Australian Oil Find
Early exploration work off the east coast of Australia may lead to a major new oil and gas discovery, according to Australian geologists. About 100 large sedimentary domes were discovered buried under the seabed in the Fairway Basin, the Australian Geological Survey Organization (AGSO) said. Such domes are a key component of many petroleum fields and have led to major exploration success in the Gulf of Mexico and elsewhere, according to officials.
Barents Sea Drillers Strike Gas, Expected Oil
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).
Tanzania Offers Six Oil Blocks for Exploration
Tanzania has invited energy explorers to bid for six blocks in the east African nation that is fast becoming a new frontier in the hunt for oil and gas. According to a statement by the Tanzania Petroleum Development Corporation seen by Reuters, the six blocks are all inland and stretch from the southeast of the country to the northwest. Bidders have until December 3 to submit their documents. Tanzania has at least 14 companies exploring at sites both on and offshore, and it has so far found three areas with natural gas deposits. Its last licensing round was in 2004. Prospectors are studying east Africa afresh as insecurity in other parts of the continent and increasing energy nationalism elsewhere push them to seek new sources.
Statoil Makes Choices for Dagny, Eirin Fields
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…
Oil, Gas Discovery in Bohai Bay
The China National Offshore Oil Company Limited (CNOOC Ltd.) announced on July 11 that its wildcat Luda (LD) 6-2-1 drilled independently in the Bohai Bay hit a new discovery. The LD 6-2-1 wildcat is located in the Liaodong Bay, with a water depth of about 30 meters. The well was drilled to a total depth of 2,395 m. The well was tested to yield about 620 barrels of oil and 240,000 cu. ft. of natural gas per day via 7. 14mm choke during the drill stem test. According Xinhua, in 2006, several new discoveries have been made so far in the Bohai Bay, including the LD 6-2, BZ29-4 and BZ28-2S. (Source: Xinhua)
Exxon Mobil Makes Major Find Off Nigeria
Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1, was drilled from December 1998 to February 1999. Exxon Mobil said the appraisal well, Erha-2, stood in 3,860 feet of water and was drilled to a total depth of 12,287 feet. It tested at a flow rate of 2,800 barrels per day. As operator, Exxon will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Co., a unit of the Royal Dutch/Shell Group, will a hold 43.75 percent stake. Including the Erha find, Exxon Mobil holds an interest in 44 deepwater blocks in West Africa.
Plan to Ship Mozambique LNG to India
Offshore energy companies operating in Mozambique plan to ship gas to India Energy companies operating in Mozambique, which reported one of the world's biggest natural gas discoveries in recent years, are eyeing the vast Indian market and have started discussions with state energy firms, hoping that the African nation will follow Qatar's footsteps in shipping vast quantities of gas to India, reports the Economic Times of India. Videocon International and public sectorBharat Petroleum Corp Ltd (BPCL), which hold 10% each in six blocks in the deep-water Rovuma Basin, off the Mozambique coast in Africa, are interested in selling gas in India. The basin may hold 30 trillion cubic feet of gas, which can be liquefied and transported to Asia.
ENI, Anadarko to Build LNG Terminals in Mozambique
Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that could transform it from a poor African country into a major energy supplier to Asia. The agreements were signed by Mozambique's energy minister Letícia Klemens and the regional heads of ENI and Anadarko, a Texas-based oil producer. The two companies will separately build their own terminals, Klemens told a press conference. She declined to give the size of the investments.
Egypt to Cut Down on LNG Imports
Egypt is planning to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that began in July, down from the 118 cargoes imported last year. Reuters reported that Egypt has been trying to speed up the development of recent gas discoveries with a view to halting imports by 2019. The report quoted Petroleum Minister Tarek El Molla saying that the country was planning to import 154 cargoes of LNG in 2016-17 but it only imported 118 cargoes because of the increase in local gas production.
Major Shallow Water Oil and Gas Find
Sperry-Sun, a Division of Dresser Industries, Inc., participated in drilling a significant crude oil and natural gas discovery in Anadarko Petroleum Corp.'s subsalt exploration program. This discovery - called Tanzanite - is located in the Gulf of Mexico at Eugene Island South Addition Block 346 in 314 feet of water about 75 miles offshore Louisiana. Anadarko believes the Tanzanite field contains at least 140 million boe. Sperry-Sun provided pressure-while-drilling (PWD) services from 11,000 ft. MD to TVD of 14,350 ft. in drilling the exploration well (the OCS-G 14482 No. 1) and provided full "triple combo" services from 11,800 ft. MD to 13,643 MD. In this latter portion of the well, 450 ft.
Origin Buys Karoon's Offshore Gas Interest For $800 Mln
Australian energy company Origin Energy Ltd said on Monday it will buy oil and gas explorer Karoon Gas Ltd's 40 percent stake in Poseidon, Browse Basin gas assets for up to $800 million. In a statement, Origin said the purchase gives it a strategic stake in one of Australia's biggest offshore gas discoveries. It plans to initially fund the deal through debt facilities but raise around A$1 billion ($930 million) through an equity raising some time after August. Melbourne-based Karoon said the sale gives it financial flexibility to advance other oil exploration programs.