Category Archives: Exploration

USA: Dolphin Geophysical Buys OGI

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Dolphin Group ASA  announces that through their subsidiary Dolphin Geophysical Inc.(US) the company have purchased the entire stock of Open Geophysical Inc. (OGI).

OGI develop and sell seismic processing software and has an existing client base including both major oil companies and seismic contractors. The software is purpose built for modern computer architectures and has an industry leading graphical user interface. It thus provides users with an efficient, cost effective and easy to use seismic processing platform. The newly developed software is already being used on the Polar Duchess for real time Quality Control of acquired data with impressive performance and in Dolphin’s new processing centre established in London.

All Dolphin vessels will be upgraded to the OGI software over the coming months. It will be used for on-board fast track, proprietary processing on the Duchess in the near future and to produce a high-end, fast track product on all future multi-client projects.

R. Gareth Williams, Chief Geophysicist of Dolphin said; “We are extremely excited to be investing in OGI and to be using the Open CPS software for both our on board and onshore, marine processing package. This is a major step towards developing our processing and multi-client services and hence capturing the full value chain in those businesses. We carefully reviewed all the available software platforms and this is a rare opportunity to work with a system designed completely in the 21st century. In addition, we see significant opportunities to support and grow the existing software sales business of OGI and are fully committed to supporting their current customers.”

Roland Gunther and Eric Foley, co-founders of OGI stated “Working with Dolphin will provide us with the opportunity and financial strength to increase the pace of development of our software and to benefit from working closely with an experienced team. We look forward to providing increased levels of support and technology to our current and future customers who are working with both land and marine seismic data. We expect OGI to benefit from the increased global exposure for the software via Dolphin’s multi-client and proprietary projects”

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BOEM Seeks Public Opinion on Seismic Survey Activity Offshore Alaska

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The Bureau of Ocean Energy Management (BOEM) announced yesterday that it was seeking public input on issues that should be tackled by the bureau in preparing an Environmental Assessment for proposed seismic data acquisition activity in Arctic areas of the Alaska Outer Continental Shelf (OCS).

ION Geophysical Corporation has applied to conduct an exploratory 2D marine seismic survey during the fall of 2012. The application proposes conducting operations throughout much of the Beaufort Sea Planning Area, with specific transect lines and segments within the Chukchi Sea Planning Area. Data obtained during this survey would be used by geologists and geophysicists to view and interpret large-scale subsurface geologic structural features and evaluate prospects for oil and gas reserves.

The Bureau of Ocean Energy Management (BOEM), an agency under the United States Department of the Interior that manages the exploration and development of the nation’s offshore resources, has also on its website announced ION’s permit application #12-01 and the associated area coverage map. BOEM has also explained the the procedures required for submission of comments, setting the deadline for April 30, 2012. More information can be found at BOEM’s official website.

Below you can see ION’s recent video: Case Study in Challenging

Environments: The Arctic Environment

Uploaded by IONGeophysical on Sep 14, 2011

Top of the world tactics at ION. See the ION approach in action as Joe Gagliardi, Director Arctic Technology & Solutions, tackles the punishing Arctic environment. By combining the capabilities across the company, ION delivers the answers and the technology that allows operators to acquire data further north than ever before and dramatically extends the short working season.

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Namibia: Spectrum Starts Seismic Survey in Luderitz Basin

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Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia.

The Orange Basin program acquisition has been completed with additional lines now extending the program to over 8,000 km of long offset data. The vessel has now commenced a new regional program in the Luderitz Basin consisting of 4,400 km plus a potential infill of 1,200 km.

Seabird Exploration is providing the acquisition services through their Northern Explorer vessel which performed exceptionally well during January and February. Nearly 4,000 km of high quality data was acquired in February and the extended survey was completed ahead of schedule. Further prefunding has enabled Spectrum to add additional lines to the Orange Basin program and to commence the new Luderitz Basin survey.

There is considerable attention in the area at this time. The new survey is located immediately between the recently announced BP farm-in to the Serica 2513 A&B blocks and the potential in the Petrobras/BP/Chariot 2714A block. Very little seismic data is available over these blocks  and Spectrum’s survey will provide both Operators and potential Partners with a good quality regional dataset to evaluate this almost unexplored area.

The Orange Basin survey is now in processing with final deliverables expected to be available in June 2012. The Luderitz basin survey will be available in August.

Over 35,000 km of high-quality 2D multi-client data is now available through Spectrum from offshore Namibia in ten individual surveys. Each survey has been designed to target key plays within the offshore area. The data vintages range from the 1989 regional survey, through to detailed block specific surveys including the 2003 survey acquired around the Ondjou prospect in the northern Walvis Basin. There is also a comprehensive suite of surveys around the Kudu field, as well as covering the Orange and Luderitz Basins.

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Nine Oil Firms Table Bids for Ronda Uruguay II

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Uruguay’s state-owned petroleum company, ANCAP, has announced that nine oil companies have placed nineteen bids for exploration and production offshore Uruguay.

Bids come from oil majors for the 15 blocks offered by the Uruguayan government for the oil exploration and production in the Oriental del Plata, Pelotas and Punta del Este offshore basins.

Uruguay’s second offshore licensing round (Ronda Uruguay II) attracted interest of eleven oil companies but nine of them qualified for the bidding process.

UK’s BP and the BG Group, France-based Total, Dutch Shell, Tullow Oil Plc and Exxon Mobil Corp. all filed the bids. Furthermore Spain’s Cepsa, Murphy Oil and Argentina’s YPF were among the bidders.

The marine platform is already explored by a consortium of Petrobras, YPF and Galp, that were the bidding winners in the first Uruguay Round in 2009. According to ANCAP authorities there is a big increase in the oil sector interest on the Uruguayan offshore, when compared with the first bid where only six oil companies asked for qualification.

ANCAP is expected to come up with the results of the bidding later during the day.

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Oil leaders, GOP allies, downplay administration’s seismic plans

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House Natural Resources Committee chairman Rep. Doc Hastings, R-Wash, leads a committee hearing. (AP Photo/Kevin Wolf)

Posted on March 28, 2012 at 11:37 am
by Jennifer A. Dlouhy

The Obama administration’s announcement that it may allow seismic studies potentially paving the way for offshore drilling along the East Coast is political posturing designed to distract voters concerned about high gasoline prices, oil industry leaders and Republican lawmakers said today.

The administration’s move “continues the president’s election-year political ploy of giving speeches and talking about drilling after having spent the first three years in office blocking, delaying and driving up the cost of producing energy in America,” said Rep. Doc Hastings, R-Wash. “The president is focused on trying to talk his way out of what he’s done, rather than taking real steps to boost American energy production.”

At issue is Interior Secretary Ken Salazar’s announcement in Norfolk, Va., this morning that the government is assessing the environmental effects of allowing seismic surveys along the mid- and south-Atlantic that could help locate hidden pockets of oil and gas. If ultimately approved, the studies by private geological research companies also could help guide decisions about where to place renewable energy projects off the coast.

The Interior Department is issuing a draft environmental impact statement that assesses the consequences of seismic research on marine life in the area. The Obama administration had planned to release a similar document in 2010, before the Gulf of Mexico oil spill.

If the draft environmental assessment is finalized after public comments and hearings, the Bureau of Ocean Energy Management could give companies permits to conduct the studies off the coasts of eight East Coast states.

Salazar said that if the geological research turned up promising results, that could open the door to offshore drilling in the area within five years, even though the administration currently has ruled out that kind of exploration before 2017. A government plan for selling offshore drilling leases from 2012 to 2017 does not include any auctions of Atlantic territory.

“If the information that is developed allows us to move forward in a quicker time frame, we can always come in with an amendment,” Salazar said. “We’re not prejudging that at this point in time. My view is … we need to develop information so we can make those wise decisions.”

Industry officials noted that under federal laws, it could take years for the government to revise the 2012-2017 leasing plan, even if federal officials decided to pursue Atlantic drilling.

Erik Milito, upstream director for the American Petroleum Institute, said the administration is repackaging old news and old plans to make it appear it is making real progress to encourage more domestic energy development.

“This is political rhetoric to make it appear the administration is doing something on gas prices, but in reality it is little more than an empty gesture,” Milito said.

Randall Luthi, the president of the National Ocean Industries Association, likened the administration’s announcement to giving the industry “a canoe with no oars, since there are no lease sales planned anywhere off the East Coast.”

If allowed to conduct seismic surveys, geological research firms would ultimately give the resulting information to the government and sell it to companies eager to analyze the data.

But Milito questioned whether seismic companies would pursue the work, given that some of their best customers — oil companies — wouldn’t be able to use it to plan offshore drilling for years, if at all.

“Without an Atlantic coast lease sale in their five-year plan, the administration’s wishful thinking on seismic research has no ultimate purpose,” Milito said. “The White House has banned lease sales in the Atlantic for at least the next five years, discouraging the investment and job creation, and ultimately production, which would make seismic exploration valuable.”

Still, at least six companies already have told the government they want to conduct seismic research along the East Coast.

“We have gotten significant expressions of interest from companies in contracting for these seismic surveys,” said Tommy Beaudreau, the director of the Bureau of Ocean Energy Management. “I am confident that, assuming the process continues on the track we anticipate, that there will be significant interest next year in conducting these surveys.”

Geological research uses seismic waves to map what lies underground or beneath the ocean floor. The shock waves — which some environmental advocates say may harm marine life — map the density of subterranean material and can gives clues about possible oil and gas.

Seismic studies also help identify geologic hazards and archaeological resources in the seabed — information useful in determining the placement of renewable energy infrastructure as well as oil and gas equipment.

The existing seismic surveys of the Atlantic coast are decades old, and in the years since, “there have been enormous technological advances,” Salazar noted.

“We do need to have seismic moving forward so we can really understand what the resource potential is,” Salazar added.

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Obama administration advances plan for seismic research along Atlantic coast

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Posted on March 28, 2012 at 12:01 am by Jennifer A. Dlouhy

The Obama administration will announce Wednesday that it is advancing a plan to allow new seismic research designed to help identify hidden pockets of oil and gas in Atlantic waters along the East Coast.

The move by the Interior Department is the beginning of a long path that eventually could lead to new offshore drilling off the coast from Delaware to Florida.

Senior administration officials who spoke exclusively to the Houston Chronicle confirmed the plan on condition they not be identified ahead of the official announcement.

The plan could mean new work for Houston-based seismic firms, which likely would conduct some of the first such surveys of the region in decades.

The announcement comes as President Barack Obama tries to assuage concerns about rising oil and gasoline prices ahead of the November election, amid Republican criticism that his energy policies have sent costs higher.

The administration had signaled plans to allow Atlantic seismic research before the 2010 Gulf of Mexico oil spill stalled approval of offshore activities.

Interior Secretary Ken Salazar will announce the plan in Norfolk, Va. at Fugro Atlantic, a company that conducts geotechnical and marine research.

Future seismic research in the Atlantic waters could help guide decisions about where to allow drilling leases and equipment that generates renewable energy, such as wind turbines.

But it would be at least five years before the government sold any leases in Atlantic waters. Interior Department plans governing those decisions through 2017 do not include lease sales  in the region.

Geological research uses seismic waves to map what lies underground or beneath the ocean floor. The shock waves — which some environmental advocates say may harm marine life — map the density of subterranean material and can gives clues about possible oil and gas.

Seismic studies also help identify geologic hazards and archaeological resources in the seabed —  information useful in determining the placement of renewable energy infrastructure as well as oil and gas equipment.

Energy companies use the data to plan where to buy leases and how to prioritize projects. But they know little about what lies below federal waters along the East Coast. Existing seismic surveys of the area are more than 25 years old and were conducted with now-outdated technology.

Oil industry officials have downplayed the significance of allowing seismic surveys along the Atlantic Coast, noting the government makes no guarantee that it will let them drill. That skepticism also could limit the market for seismic research firms.

But the administration has said that collecting the data for different regions — even if they aren’t targeted immediately for development — is key to understanding their potential. Obama asked the Interior Department to speed up its search for Atlantic resources in May 2011.

Wednesday’s action takes the form of a federally required draft statement on the environmental effects of seismic surveys in the outer continental shelf along the East Coast.

The public will have a chance to weigh in on that draft environmental impact statement during hearings along the East Coast.

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Recap: Worldwide Field Development News (Mar 16 – Mar 22, 2012)

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This week the SubseaIQ team added 8 new projects and updated 32 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.

Africa – West
African Petroleum Secures Block Offshore Cote d’Ivoire
Mar 21, 2012 – African Petroleum has entered an agreement with Societe Nationale d’Operations Petrolieres de la Cote d’Ivoire (“PETROCI”) and the Republic of Cote d’Ivoire (the “State of Cote d’Ivoire”) to acquire exploration rights in offshore block CI-509. The permit is situated in the western offshore area of the Cote d’Ivoire, spanning 269,683 acres (1,091.37 square kilometers). African Petroleum will operate the block with a 90 percent stake, while the remaining 10 percent is owned by Petroci. The company expects to commence a 3D seismic program over Blocks CI-513 and CI-509 in mid-April 2012.
Ownership Change in License 20, Block 2714A
Mar 16, 2012 – Chariot Oil & Gas announced changes in equity ownership of its Southern Block 2714A resulting in Petrobras, the license operator, holding 30% interest; BP Exploration (Namibia) Limited acquiring an additional 20% equity making it the majority interest holder with 45%; and Enigma Oil & Gas Exploration (Chariot’s wholly-owned subsidiary) owning the remaining 25% interest in the license. The change in the equity ownership does not affect the current program for License 20, which contains the drill-ready prospect, Nimrod. As announced previously, the partnership plans to drill the exploration well Kabeljou-1 on the high-impact Nimrod prospect later this year.
Tullow to Further Explore Deepwater Tano License
Mar 16, 2012 – Tullow has identified several prospects in the Deepwater Tano license offshore Ghana. Three exploration wells are expected to be drilled on the block before 2013, which include: Wawa-1, Sapele-1 and Tweneboa Deep-1. Tullow said that Wawa-1 will target hydrocarbons which may have moved to a trap up-dip from the TEN oil and gas/condensate fields; Sapele-1, immediately south of the Jubilee field, will test a prospective turbidite lobe and Tweneboa Deep-1, is a material prospect below the TEN fields.
Project Details: Sapele (Ghana)
Tullow Finds Additional Pay in Enyenra Field
Mar 16, 2012 – Tullow Oil has successfully appraised the Enyenra-4A well in the Deepwater Tano License offshore Ghana. The well encountered oil in very good quality sandstone reservoirs. The company said that good evidence of communication with the Owo-1 discovery wells and the Enyenra appraisal wells confirm the extent of the Enyenra light oil field. Enyenra-4A, located 4.5 miles (7 kilometers) south west of Enyenra-2A and almost 13 miles (21 kilometers) south of the Enyenra-3A well, was drilled to define the southern extent of the field. Results of drilling, wireline logs, samples of reservoir fluids and pressure data show that Enyenra-4A has intersected 105 feet (32 meters) of net oil pay. Pressure data from the oil leg has demonstrated that the oil is in static communication with the oil seen in the other wells in the field, indicating a continuous oil column of approximately 1,970 feet (600 meters). The well will be suspended for later use. The Ocean Olympia (UDW drillship) drilled the well to a total depth of 13,695 feet (4,174 meters) in a water depth of 6,160 feet (1,878 meters).
Project Details: The Ten Cluster
Black Sea
Midia Resources Enters Muridava License Offshore Romania
Mar 22, 2012 – Melrose Resources has agreed to farm-out a portion of its equity in the EX-27 Muridava License, offshore Romania. The Romanian National Agency of Mineral Resources has formally approved the transfer of a 40 percent working interest in the block to Midia Resources, a wholly-owned subsidiary of Sterling Resources. Following completion of the transaction, Melrose will retain operatorship and a 40% stake in the concession, with the remaining equity held by Midia (40%) and Petromar Resources (20%).
Asia – SouthEast
Salamander Gears Up for Drilling in B8/38 License
Mar 22, 2012 – Salamander Energy has contracted the ENSCO 53 (350??? ILC) jackup to commence a four-well drilling program for License B8/38 offshore Thailand. The company will initially drill two development wells followed by exploratory drilling in May. The license houses the Bualuang oil field in 197 feet (60 meters) of water.
Project Details: Bualuang
Nido Updates Ops at Galoc Field
Mar 21, 2012 – Nido Petroleum announced that fabrication and installation of the turret mooring and riser system for Phase II of the Galoc field was progressing on schedule with production expected to resume at the end of 1Q 2012. Furthermore, the FEED for Phase II is being performed as planned and remains on track for FID in 2012.
Project Details: Galoc
S. America – Other & Carib.
Borders & Southern Encounter Rig Issues While Drilling Darwin East
Mar 16, 2012 – Borders & Southern reports that although drilling operations on Darwin East are going according to design, technical issues with equipment on the Leiv Eiriksson (UDW semisub) may result in another four to five weeks of activity on well 61/17-1. The operator said rig issues were resolved and drilling is progressing. Further announcements are anticipated once the well reaches total depth and wireline log interpretations are completed.
Project Details: Darwin East
Asia – South
Santos Finds More Gas at Sangu
Mar 16, 2012 – Santos has found a new gas reservoir through well Sangu-11 in the Sangu area with about 66 feet (20 meters) of good-quality gas pay. The well will be completed and tied into the Sangu facilities. The operator is continuing to assess the volumes and flow potential of the reservoir. After completing Sangu-11, the Seadrill jackup Offshore Resolute (350??? ILC) will be demobilized. Sangu-11 was the final well in a three-well drilling campaign in Block 16 PSC that commenced in September 2011. The first well, South Sangu-4, found gas in one target but was unable to add further reserves due to encountering anomalously high formation pressure, and had to be abandoned prior to reaching its primary objective. The second well, NE Sangu-1 drilled in December 2011, failed to encounter commercial hydrocarbons and was also abandoned.
Project Details: Sangu
Europe – North Sea
Premier Halts Fyne Development
Mar 22, 2012 – Premier Oil has decided to not move forward with developing the Greater Fyne area in the North Sea due to disappointing appraisal drilling results earlier this year. The operator said the development does not meet its commercial threshold. Fyne was slated to commence production in 2014.
Project Details: Fyne
Aker Solutions Scores FEED Study for Draupne Field
Mar 22, 2012 – Det norske awarded Aker Solutions a front-end, engineering and design contract for the Draupne field in the Norwegian sector of the North Sea. The study is slated for delivery in 4Q 2012. First production from the development is expected in 2015.
Project Details: Luno, Draupne Project
BP Gets Green Light to Drill North Uist
Mar 22, 2012 – The Department of Energy and Climate Change has granted BP permission to drill the deepwater North Uist oil well, northwest of the Shetland Islands. The well is situated in Block 213/25c in a water depth of 4,232 feet (1,290 meters).
Project Details: North Uist
Catcher Field to Come Online in 2015
Mar 20, 2012 – Nautical Petroleum, a partner in the Catcher field, expects production to commence from the development in 2015. The final field-development plan (FDP) for the discovery will be submitted before the end of this year. Catcher is estimated to hold 135 MMbbl of oil. The Catcher field is located in the Central North Sea Block 28/9 in a water depth of 299 feet (91 meters).
Project Details: Catcher
Valiant Spuds Cladhan South
Mar 20, 2012 – Valiant Petroleum has commenced drilling at the Cladhan South exploratory prospect, located in Block 210/29c in the UK sector of the North Sea. Cladhan South is an Upper Jurassic channelized sand play immediately to the south of the existing Cladhan discovery with gross prospective resources estimated internally by Valiant to be 13 MMboe. The well is being drilled by the Sedco 704 (mid-water semisub) and is anticipated to take 35 to 40 days to complete.
Project Details: Cladhan
EPC Offshore Scores Lancaster Gig
Mar 20, 2012 – EPC Offshore received a contract to select the optimum concept for the development of Hurricane’s Lancaster field in the UK sector of the North Sea. The first phase of the project is expected to run until the end of the year with FEED engineering commencing in 2013. The development is situated on Block 205/21a in 509 feet (155 meters).
Project Details: Lancaster
Valiant Petroleum Enters Norvarg License
Mar 20, 2012 – Rocksource has signed a strategic asset transaction with Valiant Petroleum for a stake in the Norvarg discovery. The transaction includes the sale of a 13-percent stake, leaving a 7 percent stake with Rocksource. The transaction remains subject to certain conditions, including Norwegian government approvals. Rocksource is a partner in the Norvarg license, which Total operates with a 40 percent stake.
Project Details: Norvarg
FMC to Supply Subsea Equipment for Fram H-Nord Development
Mar 20, 2012 – FMC Technologies has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The scope of work includes one subsea production tree, one manifold and one multiphase meter. Deliveries are expected to occur throughout 2013.
Project Details: Troll Area
Xcite Spuds 9/3b-7 Well on Bentley
Mar 18, 2012 – Xcite Energy announced that jackup Rowan Norway (400′ ILC) has spud the 9/3b-7 development well commencing Phase 1A of the first phase development of the Bentley Field.
Project Details: Bentley
Trap Oil Acquires 15% Interest In Athena
Mar 16, 2012 – Trap Oil will acquire a 15 percent working interest in the Athena oil field from Dyas UK Limited, subject to DECC and Dyas partners’ approvals. The effective date for the transaction is Jan. 1, 2012. Ithaca Energy is the operator and currently holds a 22.5 percent stake in the block. Following completion of the acquisition, the remaining equity holders will be Dyas, the largest equity holder with 32.5%, EWE Energie AG with 20% and Zeus Petroleum with the remaining 10%. The field will be developed via four existing production wells and one water-injection well tied to a stand-alone FPSO, the BW Athena vessel. The vessel is expected to arrive at the Athena location this month and, since the majority of the subsea elements for the field have already been installed, all of the production wells are ready for hook-up.
Project Details: Athena
Noreco Comes Up Dry in Luna
Mar 16, 2012 – Noreco is in the process of completing exploratory well Luna-1X in License 1/11 offshore Denmark. The well did not encounter hydrocarbons.
Project Details: Luna
S. America – Brazil
Petrobras Discovers Oil in Santos Basin
Mar 20, 2012 – Petrobras has made a discovery of a high-quality oil accumulation in Block BM-S-8 in the pre-salt area of the Santos Basin. The discovery was found during the drilling of well 4-SPS-86B (4-BRSA-971-SPS), unofficially known as Carcara, 144 miles (232 kilometers) off the coast of Sao Paulo State. Sampling confirmed the presence of oil at approximately 31 degree API in reservoirs 18,865 feet (5,750 meters) deep. The well continues to be drilled with the aim of determining the lower limit of reservoirs and to identify other possible zones of interest. Carcara is the third well drilled in the area of the Discovery Evaluation Plan of 1-BRSA-532A-SPS (Bem-te-vi prospect), and is 12.43 miles (20 kilometers) from the discovery well at a water depth of 6,650 feet (2,027 meters).
OGX Acquires Additional Stake, Reins of Campos Basin Blocks
Mar 20, 2012 – OGX has acquired an additional 20 percent stake in Blocks BM-C-37 and BM-C-38 in the shallow waters of the Campos Basin, from partner Maersk Oil. OGX will now assume operatorship of these blocks. With this acquisition, OGX plans to use its current operational structure to drill six wells in blocks BM-C-37 and BM-C-38, in order to confirm the extension of discovered accumulations and test the existence of new prospects in the area. OGX will conduct all necessary studies and tests aiming to convert its resources into reserves.
Project Details: Carambola
Other
Cairn Processing 3D Seismic Data Offshore Greenland
Mar 20, 2012 – Cairn Energy said that a number of play types have been identified on the Pitu block, which is geologically separate from other parts of West Greenland. The extensive shallow coring program undertaken by Cairn across the block in 2011 confirms the presence of micro oil seeps above structural closures already identified. All of the exploration evidence acquired to date points to the Baffin Bay Basin being oil generative and having multi-billion barrel potential. The 3D seismic acquired over Pitu in 1H 2011 is currently being processed, with final results expected in May/June 2012. Subject to the final interpretation of those results, exploration wells will be planned for the Pitu prospects.
Australia
Woodside’s Pluto LNG Ready for Start Up
Mar 22, 2012 – Woodside’s Pluto LNG project has reached ready for start-up and first gas has entered the processing train. First production of LNG will take place in the coming weeks, followed by deliveries to foundation customers and project participants Kansai Electric and Tokyo Gas. The initial phase of the Pluto LNG project comprises an offshore platform in 279 feet (85 meters) of water, connected to five subsea wells on the Pluto gas field. Gas will be piped through a 112-mile (180-kilometer) trunkline to an onshore facility.
Project Details: Pluto
Woodside Ramps Up Vincent Production with Infill Wells
Mar 21, 2012 – Woodside reported that the Vincent field has produced roughly 27 MMbbl of oil since start-up in 2008, with 2011 production around 8.5 MMbbl. In September 2011, the company boosted Vincent???s overall production rate with two infill wells (VNB-H5 and VNB-H6) coming online. This resulted in the Ngujima-Yin FPSO achieving its highest production rate of almost 53,000 bopd. Woodside will complete a third infill well at Vincent, VNB-H7, and bring it online in 1H 2012.
Project Details: Vincent
Santos Disconnects Mutineer-Exeter’s FPSO to Avoid Tropical Storm
Mar 16, 2012 – Santos has shut-down production at its Mutineer-Exeter oil field due to the approaching Severe Tropical Cyclone Lua. Mutineer-Exeter’s floating production storage and offloading vessel was disconnected March 15 and has been sailing to avoid the cyclone since then, a Santos spokesman said in a statement.
Project Details: Fletcher/Finucane
NZOG to Acquire a Stake in the Kaheru Permit
Mar 16, 2012 – New Zealand Oil & Gas signed a conditional agreement to acquire a 15 percent stake in the Kaheru permit (Petroleum Exploration Permit 52181) off the Taranaki coast. The interest acquired is from AGL Upstream Gas (MOS), a wholly owned subsidiary of AGL Energy Ltd. The other partners in the permit are ROC Oil (50% and Operator), TAG Oil (20%) and L&M Energy (15%). NZOG will pay $3 million for AGL’s stake, conditional on the joint venture making a commitment to drill a well (and on joint venture and Crown approval of the transfer of ownership from AGL to NZOG). The permit, which houses the Kaheru prospect, currently has a drilling commitment deadline of May 18, 2012, with a well scheduled to be drilled by May 18, 2013. The Kaheru prospect lies in 82 feet (25 meters) of water, and is 5 miles (8 kilometers) from shore.
Project Details: Kaheru
INPEX Grabs Prelude Interest
Mar 16, 2012 – INPEX has agreed to acquire a 17.5 percent participating interest in the Prelude FLNG project from Shell. This transaction is pending necessary governmental approval. The Prelude FLNG project is located in WA-44-L, approximately 295 miles (475 kilometers) north-northeast of Broome, off the coast of Western Australia. The project includes the Prelude and Concerto gas fields. These fields will be developed utilizing a FLNG facility and will produce at least 3.6 million tonnes per annum of LNG, along with 0.4 million tonnes per annum of liquefied petroleum gas and approximately 36,000 bopd of condensate at peak.
Project Details: Prelude
Asia – Far East
Roc Oil to Commence Beibu Gulf Proj. Development
Mar 21, 2012 – The Chinese Government’s State Oceanic Administration has approved the Environmental Impact Assessment for the Beibu Gulf project, which compromises the development of the WZ 6-12 and WZ 12-8 west oil fields located in the South China Sea. This approval allows the company to commence offshore development activities on the project. Subject to final approval, onshore fabrication activities are ongoing and offshore pipeline installation is anticipated to commence during March. On completion of platform installation during 1H 2012, drilling activity is expected to start mid-year and will include four exploration/appraisal wells, which will be followed by the development drilling program. The operator anticipates first oil production from the Beibu Gulf project by the end of 2012 with full-field peak production anticipated by 2013.
Project Details: Beibu Gulf Project

 

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