Daily Archives: October 26, 2012

Worldwide Field Development News Oct 20 – Oct 26, 2012

ENSCO 8501

 

This week the SubseaIQ team added 2 new projects and updated 15 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

Noble Anticipates Second Gunflint Appraisal

Oct 26, 2012 – Noble Energy expects the Ensco 8501 (UDW semisub) to be available to drill the second Gunflint appraisal well in early 2013 after it finishes exploratory drilling at the Big Bend prospect in the US Gulf of Mexico. Gunflint, situated in Mississippi Canyon Block 948, was appraised and confirmed commercial earlier in the year and represents the company’s largest Gulf of Mexico discovery to-date. The discovery well intersected several reservoirs netting more than 550 feet of high-quality pay. Gunflint is believed to hold up to 500 Mmboe.

Project Details: Gunflint (Freedom)

Australia

Boreas-1 Tests Well

Oct 24, 2012 – Karoon Gas Australia believes the Boreas discovery in permit WA-315-P could be commercial based on well test results. The company feels that future production wells drilled adjacent to Boreas-1 could flow in excess of 100 MMscf/d. Results from the well will be combined with data gathered from Kronos-1, the Poseidon wells and Poseidon 3D seismic to further characterize the size and structure of the Greater Poseidon Trend. The company’s assessment of contingent resources will be independently assessed upon completion of the drilling program.

Project Details: Poseidon

Europe – North Sea

Lundin Receives Boyla PDO Approval

Oct 26, 2012 – The Norwegian Ministry of Petroleum and Energy granted approval to Lundin Petroleum for the Plan of Development and Operation of the Boyla field in PL 340 offshore Norway. Estimated gross reserves are roughly 21Mmboe with gross peak production of 19,000 Boepd. Boyla will be developed via a subsea tie-back to the Alvheim FPSO. Technip was awarded the field development contract and will handle construction and installation of the subsea equipment.

Project Details: Alvheim

Partners Strike Oil at Garantiana

Oct 26, 2012 – Well 34/6-2S on the Garantiana prospect offshore Norway has been drilled to a total depth of 13,287 feet by the Borgland Dolphin (mid-water semisub). The well, located in Production License 554, penetrated good quality oil-bearing reservoir rock in the Cook formation. Further analysis is needed for an accurate resource estimate but initial flow rates of 4,000 barrels per day were achieved through a 28/24-inch choke. Pending available contracted rig days, the partners in the Total-operated license may elect to drill a sidetrack well to define the oil-water contact.

Project Details: Garantiana

Shell Takes Hess’ Spot at Beryl

Oct 25, 2012 – Royal Dutch Shell and Hess Corporation have reached an agreement whereby Shell will buy Hess’ stake in the Scottish Area Gas Evacuation Pipeline and the fields that comprise the Beryl Area. Beryl is operated by Apache and is made up of 12 producing fields on the UK continental shelf northeast of Aberdeen. Hess’ net daily production from the area through the first three quarters of 2012 was about 14,000 boepd. Shell plans to extend the production life of its new assets potentially by 20 years. The $525 million deal is expected to close during the first quarter of 2013, pending regulatory approval.

Wintershall Spuds Asha/Noor Exploration

Oct 25, 2012 – Exploration of the Wintershall-operated Asha/Noor prospect in the Norwegian North Sea has commenced on board the Bredford Dolphin (mid-water semisub). Well 16/1-16 is being drilled in 370 feet of water on the western edge of the Utsira High area and is targeting four reservoirs assumed to be Upper Jurassic sandstones. In addition, the well has the potential to appraise the neighboring Ivar Aasen and Apollo discoveries. If the reservoirs are deemed commercially viable the prospect could be developed via the Grane Field processing facilities.

Project Details: Noor

Nexen Spuds Polecat Appraisal

Oct 24, 2012 – Atlantic Petroleum announced the commencement of appraisal drilling at the Polecat prospect in UK license P1100. Well 20/4a-11 is being drilled in 370 feet of water by the Transocean GSF Arctic III (mid-water semisub) in the vicinity of the Ettrick and Blackbird fields. The well is targeting Upper Jurassic reservoirs and is expected to take 50 days to reach total depth. Nexen and Atlantic Petroleum hold 80% and 20% stakes respectively while Nexen maintains operatorship of the license.

Initial Contender Results Look Promising

Oct 23, 2012 – JV partner Antrim Energy announced positive initial results from the Contender well 211/21-N94 in the UK North Sea. Drilling took place on the TAQA Bratani-operated North Cormorant platform and reached a total depth of 16,903 feet. Preliminary results suggest a net oil pay in excess of 60 feet was encountered in the Tarbert member of the Jurassic Brent sandstones. Ongoing testing has revealed greater than expected porosity and hydrocarbon saturation. If Contender is determined to be commercial, it will be developed from North Cormorant under the name Cormorant East.

Project Details: Falcon

Shell Gets Go-Ahead for UK Fram

Oct 23, 2012 – Shell received consent from the UK government to proceed with the development of the Fram field in the UK sector of the North Sea. The development, one of the largest to be approved in five years, is expected to contribute 35,000 Boepd to the country’s production with a field life of 20 to 30 years. Although Shell is the operator, JV partner Esso Exploration & Production UK is the major equity holder with a 68% interest. Fram was discovered in 1969 and is unrelated to the Norwegian field of the same name. The gas condensate field is located in blocks 29/3a and 29/8c in roughly 300 feet of water.

Project Details: Fram

More Delays for Breagh

Oct 22, 2012 – Sterling Resources announced a delay in production start-up at the Breagh field in the UK North Sea. Late design completion, rework of certain systems and late material deliveries combined to cause construction delays which have pushed the anticipated start-up date to the end of 1Q 2013. Breagh Phase 1 development costs have risen to $825 million which is 1.4 percent above initial estimates. Development drilling at the field has not been hampered by the construction delays. The first three wells will be flow-tested before the end of the year. A fourth well is expected to come on stream once field production is established.

Project Details: Breagh

Mediterranean

Sara Disappoints

Oct 23, 2012 – GeoGlobal Resources received disappointing results from the Sara-1 well offshore Israel. Approximately 321 feet of high quality reservoir sands were encountered but proved to be wet without commercial quantities of hydrocarbons. Logging runs provided evidence that gas had once migrated through the system. The Noble Homer Ferrington (DW semisub) drilled the well to a total vertical depth of 12,887 feet and is in the process of plugging and abandoning the well before being released. Data collected during the operation will be used to refine the geologic model of the area and to further evaluate other possible targets within the license.

Leviathan Licensees Seeking Additional Partner

Oct 23, 2012 – The partners in the Leviathan gas field offshore Israel are taking bids to add an international partner to the group to help distribute field development costs. Being offered is up to a 30% stake in the field. Sources indicate Australia’s Woodside Petroleum and Russia’s Gazprom are likely finalists in the bidding round. Leviathan holds an estimated 17 trillion cubic feet of gas and is expected to be brought into production in 2017. The bidding round is due to end in the coming month.

Project Details: Leviathan

Samuel Resource Report Released

Oct 22, 2012 – NSAI released an independent resource report covering the Adira Energy-owned Samuel License offshore Israel. The report indicates P50 estimates of 65.8 MMbbl of oil and 65.8 Bcf of gas in four structures within the license. “The initial well will target the Cretaceous section which is estimated to contain almost 38 million barrels of prospective oil equivalent,” CEO Jeffrey Walter said. Samuel comprises an area of 223 square miles in waters up to 330 feet deep.

Project Details: Samuel

Asia – SouthEast

New Bualuang Facility Ready for Installation

Oct 25, 2012 – Salamander Energy’s Bualuang Bravo Platform construction project is on track to finish on time and within budget. The platform’s jacket has been fabricated and is en route to the Bualuang field where it will be positioned. Topside installation will begin shortly thereafter. Thai Nippon Steel was awarded the construction contract for the 16-slot platform in 1Q 2011. Through the Bravo platform, Salamander plans to double the amount of horizontal production wells currently in use and feels that production will increase from the current level of 11,500 bopd to 15,000 bopd in 2013. The Atwood Mako (400′ ILC) is scheduled to begin development drilling from the platform at the end of November.

Project Details: Bualuang

ROC Announces Successful Balai Cluster Appraisal

Oct 24, 2012 – Appraisal drilling activities at the Bentara-2 well in the Balai Cluster SFRSC have come to a stop upon reaching a total vertical depth of 9,038 feet. BC Petroleum was incorporated to manage the Balai Cluster Small Field Risk Service Contract and is comprised of ROC (48%), Dialog Group (32%) and Petronas (20%). Early results indicated and estimated net hydrocarbon pay in excess of 328 feet across a total interval of 2,132 feet. The well will now be cased and completed in preparation for well testing. Appraisal drilling is the first phase in pre-development of the license and is scheduled to take 18 months to execute. If pre-development is completed successfully the partners in BC Petroleum will submit a field development plan and work towards bringing the Balai Cluster into production.

S. America – Brazil

Statoil Wins at Peregrino South

Oct 24, 2012 – Statoil, together with partner Sinochem, has completed drilling an appraisal well at the Peregrino South prospect offshore Brazil. Well 3-STAT-8-RJS intersected approximately 278 feet of high-quality oil-saturated sandstone reservoir in the Carapebus formation. Goals of the operation were to validate previous volume estimates and establish an optimal development plan. The joint venture will use the positive results from the appraisal to guide the Peregrino Phase II development.

Project Details: Peregrino

AC-130U Gunship was On-Scene in Benghazi, Obama Admin Refused to Let It Fire (Updated)

by
Bob Owens

October 26, 2012 – 9:50 am

If you don’t get torches-and-pitchforks irate about this, you are not an American:

The security officer had a laser on the target that was firing and repeatedly requested back-up support from a Specter gunship, which is commonly used by U.S. Special Operations forces to provide support to Special Operations teams on the ground involved in intense firefights. The fighting at the CIA annex went on for more than four hours — enough time for any planes based in Sigonella Air base, just 480 miles away, to arrive. Fox News has also learned that two separate Tier One Special operations forces were told to wait, among them Delta Force operators.

There were two AC-130Us deployed to Libya in March as part of Operation Unified Protector.

The AC-130U is a very effective third-generation fire-support aircraft, capable of continuous and extremely accurate fire onto multiple targets. It has been used numerous times in Iraq and Afghanistan to save pinned-down allied forces, and has even been credited with the surrender of the Taliban city of Kunduz

It was purpose-built for a select number of specific mission types, including point-defense against enemy attack. It was literally built for the kind of mission it could have engaged in over Benghazi, if the administration had let it fire. As the excerpt above clearly shows, we had assets on the ground “painting” the targets with the laser.

An AC-130U flies in a counter-clockwise “pivot turn” around the target, with the weapons all aimed out the left side of the aircraft.

There are two state-of-the-art fire-control systems (FCSs) in a AC-130U, using television sensors,infrared sensors, and synthetic aperture strike radar. These fire control systems can see through the dark of night, clouds, and smoke.

The two FCSs on the AC-130U control a 25mm Gatling gun for area suppression, a precision 40mm cannon, and a 105mm cannon which can engage hard targets.

What this means is that we have the forces in the air and on the ground to have stopped the attack at any point, eliminating the terrorists and saving American lives.
Source

Obama’s Real Second Term Plan

You won’t recognize this country after his second term — the obvious reason he’s not telling you what he has in mind for it.

By Ned Ryun on 10.26.12 @ 6:08AM

Mitt Romney said it best in the last debate when he informed the President that, “attacking me isn’t an agenda,” which prompted the Obama campaign to immediately release what they call a plan for the second term. This 20-page repackaging of speeches notwithstanding, President Obama remains perhaps the only president in history to run for reelection who not only can’t talk about his record but also can’t discuss his real agenda for a second term.

Now it’s not that he can’t because he doesn’t have any ideas about what he wants to do. He does have big plans, but his vision of the future is profoundly different from that of most Americans. The America that Obama sees when he sits on the Truman Balcony at night and dreams about the next four years is radically altered reality for everyone. It should scare every American — unless you happen to be getting Obama’s free cell phone service.

Obama would like everyone to believe that his second-term policies will address what he sees as the great inequalities and unfairness inherent in the American system. He wants to level the playing field. What he can’t tell you — and what most Americans are realizing — is that leveling out America will reduce freedom, opportunity, income, innovation, and upward mobility in favor of a government-driven economy. With a government-driven society will come statism, and collectivism follows right on the heels of statism, which will destroy America.

Here’s the stark proof, keeping in mind that this is a mere snapshot of the “remaking” Obama has in store that will affect millions of American families and businesses. The President’s proposed budget projects will have federal spending soaring to $5.820 trillion per year, making Obama the biggest government spender in the history of the world. With all the talk from the President about spending cuts to satisfy independent voters, the sum of all of Obama’s spending over the next ten years could total more than $40 trillion that we simply don’t have.

We can’t afford Washington’s spending now. Do we really think only the wealthy will foot the bill for such dramatic increases in government expenditures? The President’s proposals will drive $100 billion in tax hikes next year and more than $2 trillion in tax increases over the next 10 years hitting every American.

With more than 40 million Americans on food stamps, welfare is the fastest-growing portion of the budget under Obama. Food stamp usage is up a staggering 46% and the cost of the program has increased by 72%. Over the next four years, the President is preparing to increase spending on these programs to enable the government to increase benefits and provide for an increasing share of the population.

The slow creep of dependency will see a smaller middle class and a larger dependent class of not just the poor but individuals and families who once could afford to live without the government’s help, but due to inflation, lower wages, fewer jobs, and higher taxes must turn to the government for some form of assistance.

When it comes to crippling regulations to burden private enterprise, the Obama Administration is leading the charge to squash industry in favor of increasing government’s power and reach.

New greenhouse gas regulations will cost $300 to $400 billion per year and increase gas prices. The President’s insane “cow tax” will hit more than 37,000 farms and ranches and 90% of American livestock production. Obama’s attempt to stop hydraulic fracking for natural gas has more than a dozen federal agencies developing new, expensive regulations to prevent energy companies from drilling. His war on the coal industry will continue, costing as much as $110 billion over the next two decades and killing more than 300,000 jobs in Ohio, West Virginia, Pennsylvania, and Missouri. So much for energy independence, and so much for job creation.

Despite the President’s assurance that costs won’t go up and jobs won’t be lost over Obamacare, the 16,000 IRS workers who will administer the tax provisions of the program will be very busy hitting millions where it hurts. According to the Heritage Foundation, the Congressional Budget Office analysis found that nearly 80 percent of those who’ll face tax penalties would be making between $55,850 and $115,250. They will all see their taxes go up starting next year.

Obama will add a $123 billion surtax on investment income, and new taxes on dividends despite the fact that more than half of all Americans invest in the market in one fashion or another. The $86 billion increase in the Medicare Payroll Tax is also coming down the pike, along with a $60 billion tax increase for health insurance companies.

In another uniquely-Obama effort to allegedly reduce healthcare costs, the President is also going to increase taxes by $32 billion on people who already have comprehensive healthcare coverage — because they have coverage. Of course, people who have coverage now that’s not up to the government’s standards will find their plans eliminated and forced to purchase more expensive coverage. He’s even going to tax medical device manufacturers to the tune of $20 billion because apparently that will help make Americans healthier.

In Obama’s America, religious schools, hospitals and charities will be labeled as non-religious employers specifically because they serve the common good of society. Churches and other faith-based institutions will be forced to provide services and even hire employees based on government mandates rather than their own, deeply-held values and beliefs. If they don’t, Obama’s government will gladly step in with an expensive government backfill for the services.

Here’s the good news — we can prevent Obama’s America from becoming a reality. We can stop statism and collectivism from taking us from “one out of many” to one of the many nations whose governments’ thirst for power and control led to the decline of great societies and nations. The choice is ours November 6, and the results of the election, whichever way they go, will resonate for generations to come.

Source

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