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Rosneft Buys Exxon’s GoM Blocks (USA)

Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Russia’s state-run oil company Rosneft, has acquired 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies.

The 20 blocks have a total area of approximately 111,600 acres (450 square kilometers) in water depths ranging between 2,100 and 6,800 feet (640 and 2,070 meters). Seventeen are located in the Western Gulf of Mexico and three are in the Central Gulf of Mexico.

ExxonMobil retains 70 percent interest in the blocks and remains operator. Analysis of seismic data is under way. There is currently no production on the blocks.

Rosneft and ExxonMobil continue to implement the Strategic Cooperation Agreement signed in 2011, under which the companies and their subsidiaries plan to undertake joint exploration and development of hydrocarbon resources in Russia and other countries and to share technology and expertise. Under subsequent agreements between Neftegaz and ExxonMobil, Rosneft’s subsidiary gained the option to acquire interest in 20 blocks of its choosing from among ExxonMobil’s Gulf of Mexico exploration portfolio. The latest agreement represents the exercise of that option.

The agreement was signed by Igor I. Sechin, president of Rosneft, and Stephen M. Greenlee, president of ExxonMobil Exploration Company.

“ExxonMobil has a long history of safe oil and gas exploration in the Gulf of Mexico using state-of-the-art safety and environmental protection systems,” said Greenlee. “We look forward to working with Rosneft and its affiliates to explore these blocks using our leading-edge exploration and development technology and deepwater execution expertise.”

Sechin said, “This agreement provides Rosneft and its affiliates with access to one of the world’s most prolific basins. We believe joint efforts of our companies will ensure the most efficient development of these blocks, with application of the latest technologies and adhering to high environmental standards. Moreover, experience and knowledge acquired in the process may potentially be used when developing deepwater blocks in Russia, including in the Tuapse Trough in the Black Sea as envisaged under the Strategic Cooperation Agreement.”

ExxonMobil and Rosneft continue to implement a program of staff exchanges for technical and management employees to help strengthen the working relationships between the companies and provide valuable career development opportunities for employees of both companies.

The 20 blocks are:

Western Gulf of Mexico – Alaminos Canyon 569, 612, 613, 655, 656, 657, 698, 699, 700 and 701; East Breaks 429, 471, 472, 473 and 515; Keathley Canyon 529 and 573.

Central Gulf of Mexico – Walker Ridge 629, 673 and 717.

Rosneft Buys Exxon’s GoM Blocks (USA)| Offshore Energy Today.

Worldwide Field Development News Aug 10 – Aug 16, 2012

This week the SubseaIQ team added 4 new projects and updated 29 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.

N. America – US GOM

Teikoku Oil Acquires Lucius Stake

Aug 15, 2012 – Inpex Corporation announced that through its subsidiary, Teikoku Oil, it has agreed to acquire a 7.2 percent participating interest in the Lucius project which includes portions of Keathley Canyon blocks 874, 875, 918 and 919 in the deepwater of the U.S. Gulf of Mexico, from a subsidiary of Anadarko Petroleum Corporation. After the joint venture agreement is finalized, the Lucius project will continue to be operated by Anadarko with a 27.8% participating interest, with the following companies participating: Plains (23.331%), Exxon Mobil (15%), Apache (11.669%), Petrobras (9.6%), Inpex (7.2 %) and Eni (5.4%). Anadarko and co-ventures made a Final Investment Decision (FID) to develop this project in December 2011, and the first production of crude oil and natural gas is expected to start in the latter half of 2014. Crude oil and natural gas pumped from the Lucius project will be processed with a truss spar floating facility with the capacity to produce in excess of 80,000 bopd and 450 MMcf/d. Processed crude oil and natural gas will then be exported to onshore facilities in Louisiana via a subsea pipeline.

Project Details: Lucius

Newfield to Explore Dalmatian South in GOM

Aug 13, 2012 – Murphy Oil announced plans to drill two to four exploration wells in 2012 and 2013 in DeSoto Canyon Block 134 in the Gulf of Mexico. The company is targeting various Miocene prospects, including the Dalmatian South prospect, which is very similar to their 2010 Dalmatian North discovery. Furthermore, Murphy has received official sanction of a three-well subsea tie-back of the Dalmatian field to the Petronius compliant tower production platform.

Project Details: Dalmatian South

BMT to Supply EFMS for Big Foot TLP

Aug 10, 2012 – Chevron has awarded a contract to BMT Scientific Marine Services to provide an Environmental and Facilities Monitoring System (EFMS) for the Chevron-operated Big Foot tension leg platform (TLP) in the Gulf of Mexico. The EFMS monitors, logs and displays data in real-time on the local environment and facility motions. It archives the data for assessing the TLP’s integrity over time and interfaces with the facility’s other platform control systems. Big Foot is currently under development and is expected to commence production in 2014.

Project Details: Big Foot

Australia

3D Oil to Explore Sea Lion Prospect Offshore Australia

Aug 15, 2012 – 3D Oil Limited announced plans to explore its Sea Lion prospect in permit area VIC/P57 offshore Australia. The prospect has prospective resources of 20.7 million barrels of oil in the same reservoir units as West Seahorse.

Project Details: Sea Lion (3D Oil)

3D Oil Moves Forward with West Seahorse Development

Aug 15, 2012 – 3D Oil has agreed to a $28 million farm-in deal with Hibiscus Petroleum to allow the progression of the West Seahorse development in permit VIC/P57, offshore Victoria. The agreement is subject to approval from Hibiscus’ shareholders and the Foreign Investment Review Board. It also requires a waiver from the Australian Securities Exchange. Under the agreement, Hibiscus will take a 50.1 percent operating stake in VIC/P57. The funding from Hibiscus will be used to kick-start the development of the West Seahorse oil field, which involves the drilling of up to two appraisal wells. In addition, the joint venture is exploring the possibilities of building a mobile offshore production unit (MOPU) and a floating, storage and offtake tanker, which will be moored to a buoy.

Project Details: West Seahorse

NZOG Relinquishes PEP 38259

Aug 10, 2012 – NZOG stated that after an extensive technical review the joint venture partners of PEP 38259 in the Canterbury Basin have agreed that the permit will be relinquished back to the Crown. NZOG holds a 40% stake in PEP 38259 with Beach Petroleum (NZ) Pty Ltd holding 35% and AWE New Zealand Pty Ltd 25% respectively.

Project Details: Barque

Africa – West

Subsea 7 to Supply, Install Subsea Components for Lianzi Development

Aug 16, 2012 – Subsea 7 has won a contract to supply and install subsea components for the development of the Lianzi field offshore Congo and Angola. The contract’s technical specifications include a 12-inch wet, insulated production flowline with direct electrical heating that will set a record for the deepest electrically-heated pipe. A part of the contract will be designed and fabricated in Luanda, with additional work carried out roughly 200 miles (322 kilometers) away in Lobito by Subsea 7′s Angolan joint venture. All flowlines will be spooled to the Seven Oceans rigid reel-lay ship at Subsea 7′s Luanda base. The $2 billion development will include a subsea production system and a 27-mile (43-kilometer) electrically heated flowline to transport the oil from the field to the BBLT platform. First oil is expected in 2015.

Project Details: BBLT

Europe – North Sea

EnQuest Working Through Kraken Concept Selection Phase

Aug 16, 2012 – EnQuest reported that during the first half of 2012, the company has been working through the concept selection phase of the Kraken development, with significant technical facilities and subsurface work underway. New 3D seismic survey material has been acquired, with initial interpretation nearing completion. The project remains on track for FDP submission in 1H 2013.

Project Details: Kraken

Ithaca Completes Drilling of Hurricane Well

Aug 15, 2012 – Ithaca Energy has completed the drilling of the Hurricane appraisal well in the Greater Stella area of the Central North Sea and is now proceeding to conduct a drill stem test. The Hurricane well (29/10b-8) was drilled to a total measured depth of 10,779 feet (3,285 meters) to appraise hydrocarbon bearing sands in the eastern lobe of the Hurricane structure closure. Logs indicate that the well has encountered hydrocarbons, which Ithaca said could be liquid-rich gas, in both the Rogaland and Andrew sands. Pressure and fluid sampling has been undertaken across both reservoir and sand intervals, and an initial DST will be conducted over the Andrew sand interval. Ithaca stated that the overall development work program for its Stella and Harrier fields were progressing as planned, with all major operational contracts in place following the Technip contract.

Project Details: Stella/Harrier

Apache Appraises Aviat Gas Discovery

Aug 13, 2012 – Apache is using the Rowan Gorilla VII (450′ ILC) to drill its Aviat appraisal well. This appraisal well is designed to assess whether this shallow gas field can provide fuel to operate the Forties Field to offset diesel import. Drilling is expected to take a little over three months.

Project Details: Aviat

Clipper South Comes Online

Aug 13, 2012 – RWE Dea has delivered first gas from the Clipper South development in the UK sector of the North Sea. The field contains around 13.4 Bcm of gas in place. The first Clipper South well came on stream at initial rates of 1.2 MMcm/d with production expected to peak at 2.8 MMc/d in early 2013. The gas is located in a tight Permian age Rotliegend reservoir which contains about 3.4 Bcm of gas in place. The Clipper South Gas field lies in the UK Continental Shelf (UKCS) blocks 48/19 and 48/20, 62 miles (100 kilometers) east of the Lincolnshire coast. Gas from the Clipper South platform is transported about 9 miles (15 kilometers) to the Lincolnshire Offshore Gas Gathering System (LOGGS) and then about 62 miles (100 kilometers) to the onshore Theddlethorpe Gas Terminal in Lincolnshire, where the gas enters the UK grid.

Project Details: Clipper South

Heerema to Fabricate, Commission Topsides for Cygnus Development

Aug 13, 2012 – Heerema Fabrication Group has received a frame contract from GDF Suez E&P UK for the fabrication and commissioning of four topsides for the Cygnus gas field development in the UK sector of the North Sea. Fabrication of the Cygnus Alpha Wellhead topsides is due to start in December 2012 with completion scheduled for March 2014. This is to be followed by expected commencement of fabrication in June 2013 of the Cygnus Alpha processing & utilities module, bridges and flare as well as the Cygnus Bravo Wellhead topsides — all scheduled for completion in April 2015. Subsequently in December 2013, the fabrication of the Cygnus Alpha compression module will start, which will also be ready for installation onto the PU topsides in 2015.

Project Details: Cygnus

Eni Spuds Salina Prospect

Aug 13, 2012 – Eni has commenced drilling of well 7220/10-1 in PL 533 at the Salina prospect (formerly Pulk) in the Barents Sea. The main objective of the well is to prove the presence of hydrocarbons in the reservoir.

Project Details: Salina

Det norske Comes Up Dry in Ulvetanna Prospect

Aug 13, 2012 – Det norske is in the process of completing the drilling of well 3/4-2S on the Ulvetanna prospect. The objective of the well was to prove petroleum in Cretaceous reservoir rock. The estimated main reservoir, the Tor formation, was encountered in the well, but contained no hydrocarbons. The Ulvetanna prospect is situated in PL 356 in the southern part of the North Sea in 167 feet (51 meters) of water.

Project Details: Ulvetanna

Lundin to Recommence Drilling Operations at Albert in 3Q 2012

Aug 10, 2012 – Lundin Petroleum reported that the Bredford Dolphin (mid-water semisub) is slated to return to the Albert field location (PL 519) in 3Q 2012 to finish drilling operations. The exploratory well was spud and temporarily suspended in June because the semisub needed to be reclassified. The main objective of the well is to test the Cretaceous and Triassic age sandstones of a multiple target structure.

Project Details: Albert

DONG Continues with Oselvar Development

Aug 10, 2012 – DONG Energy is continuing to develop the Oselvar field, in Production License 274, in the Norwegian sector of the North Sea. Production from the field commenced in April, but the production ramp up has been slower than expected, stated Noreco, a partner in the field. The third and final production well was completed and tested in June, and the drilling rig has left the location. The field is currently producing from two wells and the third well is expected to come online during 3Q 2012. Thus far, the field has produced on average of 3,608 boepd.

Project Details: Oselvar

S. America – Venezuela

Perla to Hit 300MMcf/d by 2014

Aug 16, 2012 – Petroleos de Venezuela expects to reach its goal of producing about 300 MMcf/d of natural gas at its Perla field by 4Q 2013. Dow Jones reported that PdVSA had pushed back the estimated start of production at Perla to the first quarter of 2013 from its earlier estimate of the end of this year. It didn’t cite a reason for the delay.

Project Details: Perla

S. America – Brazil

Statoil Selects RDA for Peregrino FEED Work

Aug 16, 2012 – Statoil has selected RDS to perform the Front End Engineering Design (FEED) for a fixed drilling rig, which will be part of the Peregrino phase II project. Peregrino commenced production in March 2011 and produces about 75,000 bopd.

Project Details: Peregrino

Petrobras Drills Ahead in Carcara to Determine Total Thickness of Oil Reservoir

Aug 15, 2012 – Petrobras is currently testing the Carcara prospect, exploratory well 4-SPS-86B (4-BRSA-971-SPS), on Block BM-S-8 in the ultra-deep waters of the pre-salt area in the Santos Basin. The operator is inside the oil zone at a depth of 20,384 feet (6,213 meters) to determine the total thickness of the oil reservoirs, as well as the presence of deeper pay zones. Oil samples were collected at a depth of 20,115 feet (6,131 meters), which have proven a good 31 degree API oil quality, stated the operator. The well has also proven that the carbonate reservoirs carry outstanding porosity and permeability characteristics. The in-progress drilling has confirmed over 1,312-foot (400-meter) column of oil, featuring mostly continuous and connected reservoirs.

Project Details: Carcara

Gulf of Mexico: INPEX Buys Lucius Stake (USA)

INPEX Buys Lucius Stake (USA)| Offshore Energy Today

INPEX CORPORATION has through its subsidiary, Teikoku Oil (North America) Co., Ltd., it has agreed to acquire a 7.2% participating interest in the Lucius project which includes portions of Keathley Canyon blocks 874, 875, 918 and 919 in the deepwater of the U.S.Gulf of Mexico, from a subsidiary of Anadarko Petroleum Corporation (Anadarko), an American independent oil and natural gas exploration and production company.

After the joint venture agreement is finalized, the Lucius project will continue to be operated by Anadarko with a 27.8% participating interest, with the following companies participating:

Plains (23.331%), Exxon Mobil (15%), Apache (11.669%), Petrobras (9.6%), INPEX (7.2 %) and Eni (5.4%).

The Lucius project is located offshore approximately 380km southwest of Port Fourchon, Louisiana with a water depth at approximately 2,160m. Anadarko and co-venturers made a Final Investment Decision (FID) to develop this project in  December 2011, and the first production of crude oil and natural gas is expected to start in the latter half of 2014.

Crude oil and natural gas pumped from the Lucius project will be processed with a truss spar floating facility (Spar) with the capacity to produce in excess of 80,000 barrels of oil per day and 450million cubic feet of natural gas per day. Processed crude oil and natural gas will then be exported to the onshore facilities in Louisiana via a subsea pipeline.

INPEX has participated in oil and gas development projects in the shallow waters of the U.S. Gulf of Mexico. In February 2011, INPEX also participated in the Walker Ridge 95/96/139/140 Blocks in the deepwater U.S. Gulf of Mexico. The  participation in the Lucius project will enhance INPEX’s experience and expertise of the operation in the deepwater projects and contribute to continuous enhancement of its E&P activities as one of the measures for growth as described in “Medium- to Long-Term Vision of INPEX.”

INPEX will be expanding its exploration, development and production activities in the U.S. Gulf of Mexico.

INPEX Buys Lucius Stake (USA)| Offshore Energy Today.

Recap: Worldwide Field Development News Jul 27 – Aug 2, 2012

This week the SubseaIQ team added 7 new projects and updated 29 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.

N. America – US GOM

McDermott to Deliver New Junction Facilities for GOM

Aug 2, 2012 – McDermott has received a contract by the Discovery system for offshore facilities in the Gulf of Mexico. The project is to deliver new junction facilities for Discovery’s Keathley Canyon connector pipeline system with a 3,300-ton, four-leg platform in 350 feet (107 meters) of water. The unmanned platform will provide pipeline junction facilities for incoming deepwater pipelines from the Hadrian South and Lucius fields and four outgoing shallow-water pipelines to shore. Fabrication is expected to commence this summer in Louisiana with offshore installation commencing in 3Q2013.

Project Details: Lucius

Apache Continues to Drill Parmer Appraisal Well

Aug 1, 2012 – Stone Energy reported that the Parmer appraisal well, which was spud during the second quarter of 2012, is expected to reach total depth in the third quarter of 2012.

Project Details: Parmer

Eni Gearing Up to Spud Phinisi in 2013

Aug 1, 2012 – Eni plans to commence drilling on the deepwater Phinisi well in the first quarter of 2013 using the Deepwater Pathfinder (UDW drillship). The water depth of the site is 6,837 feet (2,084 meters) and is targeting oil and gas.

Project Details: Phinis

MidEast – Persian Gulf

CNPC Pulls Out of Iran’s South Pars Project

Jul 30, 2012 – China National Petroleum has pulled out of developing Phase 11 of Iran’s offshore South Pars gas field, reported Dow Jones newswires. The firm, which had delayed the project for more than 1,130 days, has already withdrawn all of its workers from the southern Iranian port city of Assaluyeh, the onshore part of South Pars gas field in the Persian Gulf, Mehr said, citing information from the oil ministry.

Project Details: South Pars

Asia – SouthEast

ExxonMobil Finds More Pay Offshore Vietnam

Jul 30, 2012 – ExxonMobil has encountered additional hydrocarbons in its third well offshore Da Nang, Vietnam. The well 118-CVX-3X, on the Ca Voi Xanh field, was drilled by the Seadrill West Aquarius (UDW semisub). The well has been plugged, and the rig has left the site.

Lundin Drills Duster in Tiga Papan Well

Jul 27, 2012 – Lundin Petroleum has completed the Tiga Papan-5 well in Blocks SB307 and SB308 offshore Sabah, Malaysia. The Tiga Papan-5 well targeted an un-appraised fault block of mid-Miocene aged sands at the Tiga Papan unit, which was successfully tested in 1982 by the Tiga Papan 1 well. The well penetrated the target reservoir interval but proved to be water-bearing. The well will be plugged and abandoned as a dry hole. Offshore Courageous (350′ ILC) jackup will now move to drill the Barangan prospect located in Block SB303.

Project Details: Tiga Papan

Europe – North Sea

ProServ to Provide Subsea Services for Flyndre/Cawdor Development

Aug 2, 2012 – Proserv has received a contract from Maersk Oil UK to provide electro-hydraulic multiplex subsea control systems along with its associated topside and subsea interface systems for the development of the Flyndre and Cawdor project. Maersk Oil is developing a 16-mile-long (25-kilometer-long) subsea tie-back to the Clyde platform, which the fields will connect to. The development is scheduled to commence production in 2013.

Project Details: Flyndre and Cawdor

Second Well at Bacchus Comes Online, Increases Production

Aug 2, 2012 – Apache has completed a horizontal well on the Bacchus field which has increased production to 12,900 bopd. The well, Bacchus West, penetrated Jurassic-aged Fulmar reservoir sandstones and logged 889 feet (271 meters) of net pay in three sections. The well currently is producing about 8,500 barrels of oil per day. The first well on the field, Bacchus South, commenced production in May 2012 and reached levels of about 6,000 bopd. Currently the well is producing nearly 4,400 barrels per day. Bacchus is subsea tied-back to the Forties Alpha platform. The Rowan Gorilla VII (450′ ILC) jackup will relocate to the Aviat shallow gas discovery for appraisal drilling.

Project Details: Forties

Dana Successfully Appraises Platypus

Aug 2, 2012 – Dana Petroleum reported that the Platypus gas appraisal well in the Southern North Sea has recorded a test flow rate of 27 MMcf/d on a 96/64-inch choke. The ENSCO 80 (225′ ILC) jackup drilled the well to a total measured depth of 14,175 feet (4,321 meters). A drill stem test was completed and the well is being suspended for use as a future production well. Platypus is located in Block 48/1a in the UK southern North Sea. It was discovered in 2010 when well 48/1a-5 encountered the gas bearing Lower Leman Sandstone reservoir.

Project Details: Platypus

PetroMarker to Perform EM Survey on Grouse Prospect

Aug 1, 2012 – Faroe Petroleum has selected PetroMarker a contract for an EM survey on their Grouse prospect. Grouse is located in UK License P1853, which lies north of the Shetlands, in an area close to existing infrastructure. The EM survey will be executed with the newly mobilized Normand Baltic at the end of June.

Project Details: Grouse

Wintershall Comes Up Dry at Kakelborg Prospect

Aug 1, 2012 – Wintershall, operator of Production License 370, has completed the drilling of wildcat well 33/6-4 on the Kakelborg prospect in the Norwegian North Sea. The well, which is dry, did not encounter reservoir rocks in the Lista formation. The objective of the well was to prove petroleum in reservoir rocks from the Paleocene Age. The well was drilled to a vertical depth of 5,950 feet (1,814 meters) below the sea surface, and terminated in the Jorsalfare formation in the Shetland group in the Upper Cretaceous. Well 33/6-4 was drilled by the Borgland Dolphin (DW semisub) drilling facility.

Project Details: Kakelborg

Ithaca Grabs Greater Stella Area Contract

Jul 30, 2012 – Ithaca Energy is moving forward with development on the Stella and Harrier fields by awarding Technip a contract to carry out all subsea engineering work in the Greater Stella Area. The EPIC (engineering, procurement, installation and construction) contract includes the detailed design and pipelay of a 20-mile (32-kilometer), 10-inch oil export pipeline and a 38-mile (61-kilometer), 10-inch gas export pipeline to the fields’ production platform, along with various other subsea work. The contract is scheduled to be completed in the second half of 2013. The Greater Stella Area development is located on the UK Continental Shelf around 175 miles (282 kilometers) east-southeast of Aberdeen, Scotland, in a depth of approximately 300 feet (91 meters).

Project Details: Stella/Harrier

Statoil Spins Bit at Geitungen

Jul 27, 2012 – Statoil has commenced exploratory drilling on well 16/2-12 targeting the Geitungen structure. The main objective of well 16/2-12 is to prove the presence of oil-bearing Jurassic sandstones similar to the Johan Sverdrup discovery. The planned total depth of the well is 6,759 feet (2,060 meters) and will be drilled by the Ocean Vanguard (mid-water semisub). Drilling should take about 40 days.

Project Details: Geitungen

Africa – Other

Papa Goes the Distance for Ophir

Aug 2, 2012 – BG Group has made a Cretaceous gas discovery at the Papa-1 well in Block 3 offshore Tanzania. The well encountered a 292-foot (89-meter) gas bearing column in the Upper Cretaceous; and based on the preliminary data available, the operator estimates that it holds 0.5-2.0 Tcf in place. A detailed core and petrophysical analysis will confirm the scale of the discovered resource. The well was spud on May 29, 2012 in 7,172 feet (2,186 meters) of water and was drilled by the drillship Deepsea Metro I (UDW drillship) to a total depth of 18,189 feet (5,544 meters) subsea in 57 days.

Project Details: Papa

Eni Finds Additional Gas in Area 4 Offshore Mozambique

Aug 1, 2012 – Eni announced that a discovery has been made in the eastern part of Area 4, offshore Mozambique, at the Mamba North East 2 exploration prospect. The new discovery adds at least 10 Tcf of gas in place to Area 4, confirming at least 62 Tcf of gas in-place already discovered, bringing the resources, exclusively located in Area 4, to at least 20 Tcf plus of gas in place, stated the operator. Mamba North East 2, where Eni will conduct a production test, was drilled in 6,542 feet (1,994 meters) of water and reached total depth of 17,602 feet (5,365 meters). The well is located approximately 6 miles (9 kilometers) east of Mamba North East 1 and approximately 14 miles (23 kilometers) from Mamba South 1, 37 miles (60 kilometers) off the Capo Delgado coast. The well encountered 656 feet (200 meters) of gas pay in stacked multiple high-quality Oligocene, Eocene and Paleocene sands. The discovery has proved the existence of hydraulic communication with the Oligocene reservoir in Mamba North East 1 and with those of the Eocene age in Mamba North East 1 and Mamba South 1, through a unique gas column of 1,509 feet (460 meters). Lastly, Mamba North East 2 has identified a new exploration play in the Paleocene located exclusively in Area 4.

Project Details: Mamba South/North

Africa – West

Tap Oil Gazes at Starfish in Ghana

Aug 1, 2012 – Tap Oil announced plans to commence drilling on the Starfish prospect in 1Q13. Starfish is considered a well-defined, large ‘Jubilee style’ Upper Cretaceous fan play at comparable burial depths to the producing Jubilee reservoir. It has recoverable oil potential of 500 million to 1.2 billion barrels at the P50 to P10 range.

Project Details: Starfish

Chevron Tags $2B for Development of Offshore Lianzi Project

Jul 30, 2012 – Chevron announced that its subsidiary will proceed with the development of the Lianzi field located in a unitized offshore zone between the Republic of Congo and the Republic of Angola. Located 65 miles (105 kilometers) offshore in approximately 3,000 feet (900 meters) of water, the Lianzi field will be developed via a subsea tie-back to the existing Benguela Belize Lobito Tomboco (BBLT) platform located in Angola Block 14. The $2 billion development will include a subsea production system and a 27-mile (43-kilometer) electrically heated flowline to transport the oil from the field to the BBLT platform. First oil is expected in 2015. Once completed, the project is expected to produce a maximum of 46,000 barrels of oil equivalent per day. Chevron Overseas Congo Limited is operator of the Lianzi field and has a 31.25% interest, along with Total (36.75%), ENI (10%), Sonangol (10%), SNPC (the Republic of Congo National Oil Company 7.5%), and GALP (4.5%).

Project Details: BBLT

Chariot Spuds Nimrod Prospect

Jul 30, 2012 – Chariot Oil & Gas has commenced exploratory drilling on the Nimrod prospect offshore Namibia. The company said that the well is the second in its four-to-five well drilling program in the region. The well is being drilled by the Ocean Rig Poseidon (UDW drillship). The firm has previously reported that Nimrod is estimated to contain around 4.9 billion barrels of potential gross mean prospective resources. The drilling location is around 50 miles (80 kilometers) offshore Namibia in 1,180 feet (360 meters) of water and has an estimated total drilling depth of approximately 11,000 feet (3,353 meters). Drilling and logging operations are expected to take approximately 60 days.

Project Details: Nimrod

S. America – Other & Carib.

Borders & Southern Plugged, Abandoned Stebbing Well

Aug 1, 2012 – Borders & Southern announced that well 61/25-1 (Stebbing) has been successfully plugged and abandoned, bringing an end to the Company’s current two well drilling program. The Leiv Eiriksson (UDW semisub) drilling rig will now be assigned to Falkland Oil and Gas for its two well program at Loligo, after which it will be demobilized.

Project Details: Loligo

McDermott Bags Offshore Installation Gig in U.S. GOM

McDermott International, Inc. announced today that one of its subsidiaries has been awarded a contract by the Discovery system for offshore facilities in the Gulf of Mexico. The value of this contract is included in McDermott’s second quarter 2012 backlog.

Williams Partners L.P.owns 60 percent of the Discovery system and operates it. DCP Midstream Partners, LP owns the other 40 percent of the Discovery system.

The project is to deliver new junction facilities for Discovery’s Keathley Canyon Connector™ pipeline system with a 3,300-ton, four-leg platform in 350 feet of water. The unmanned platform will provide pipeline junction facilities for incoming deepwater pipelines from the Hadrian South and Lucius fields and for outgoing shallow-water pipelines to shore.

Fabrication is expected to commence this summer at McDermott’s Morgan City facility in Louisiana. Offshore installation is expected to commence during the third quarter of 2013, and is intended to be ready for operational start-up before the end of the year.

McDermott’s deepwater combination heavy lift and pipelay vessel DB50 is expected to perform the installation. The DB50 has recently undergone extensive enhancement to its power and propulsion systems, and has a new deepwater lowering system.

Source

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