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Powerful image: Benghazi, Libya: September 11, 2012

Recap: Worldwide Field Development News (May 25 – May 31, 2012)


This week the SubseaIQ team added 2 new projects and updated 13 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.

Europe – North Sea
Statoil Secures Rig for Dagny
May 31, 2012 – Statoil announced that it has awarded a contract to Maersk Drilling for new jack-up to drill the Dagny oil and gas field located on the Norwegian continental shelf in the North Sea. Statoil reported that this conventional or category C jackup is being constructed at KeppelFels in Singapore. Early this year, Statoil and its partners selected a fixed-processing platform concept, which will connect Dagny gas to the Sleipner field, while oil is transported via ship. FEED studies are currently underway to assure the quality of the selected concept prior to a final investment decision, which is expected by the end of 2012 or early 2013. Production from Dagny is expected by the end of 2016. Production drilling will begin summer of 2015 by pre-drilling through the jacket prior to installation of the platform deck the following summer. Pre-drilling will facilitate accelerated production from the Dagny field.
Project Details: Dagny
Premier Signs Sale Agreement for Bream
May 30, 2012 – Premier announced that it has signed a sale and purchase agreement (SPA) with Skeie Energy AS to acquire a 20 percent equity interest in PL407 and a 40 percent equity interest in the adjacent PL406 license on the Norwegian Continental Shelf, subject to approval from Norwegian Authorities. This will increase Premier???s stake in the Bream project to 40 percent and the company???s operated interest in PL406 to 80 percent. Premier will pay an upfront consideration of $10 million to Skeie with further payments of up to $17.5 million contingent upon certain milestones being reached. Project sanction of the Bream development is planned for the second half of 2012. First oil is targeted for late 2015 with an initial production rate of approximately 14,000 bopd net to Premier, upon completion of the transaction.
Project Details: Bream
Noble Offloads Dumbarton and Lochranza to Maersk
May 30, 2012 – Noble Energy, Inc. announced that it entered into an agreement with Maersk Oil North Sea Limited for the sale of its thirty percent non-operated working interest in the Dumbarton and Lochranza properties. These fields produced approximately 4,400 barrels of oil equivalent (boe) per day, net to Noble, in the first quarter of 2012. At the end of 2011, net proved reserves at Dumbarton and Lochranza were 5.6 million boe. Noble will receive $127 million, subject to customary adjustments for net cash flows between the effective date of January 1, 2012 and the closing date, which is expected before October 2012.
Project Details: Dumbarton
Shells Picks Ups More of Schiehallion from Hess
May 30, 2012 – Hess Corporation announced it has reached agreement with Shell to sell its 15.67 percent interest in the BP-operated Schiehallion field, its associated share in the Schiehallion Floating, Production, Storage and Offloading vessel (FPSO) and the West of Shetland pipeline system. The sale is subject to regulatory approval and is expected to be completed later this year. The Schiehallion field is located on blocks 204 and 205, approximately 109 miles (175 kilometers) west of the Shetland Islands, off the Scottish coast. Hess has been a partner in the project since it was sanctioned by the UK Government in 1996. The FPSO has been in service since production began in 1998. Construction of a new FPSO is underway and is expected to start production in 2016.
Project Details: Schiehallion (Quad 204)
EnQuest to Farm Out 35 Percent of the Alma/Galia Development
May 29, 2012 – EnQuest PLC announced an agreement in which it will farm out 35 percent of its interest in the Alma and Galia oil field developments to the Kuwait Foreign Petroleum Exploration Company (KUFPEC). Awaiting regulatory approval, the agreement stipulates that KUFPEC will invest a total of $500 million in cash, comprised KUFPEC’s pro rata share of development costs from January 1, 2012 along with up to $182 million in future contributions for past costs and development carry, in relation to EnQuest’s remaining interest in Alma/Galia.
Project Details: Alma/Galia
Bentley 9/3b7 Reaches Target Depth
May 29, 2012 – Xcite Energy announced that well 9/3b-7 has reached its target depth of 9,377 feet. A reservoir section in excess of 2,200 feet was penetrated, with 100 percent net pay, and sand screens were run, successfully. Drilling of the second reservoir section, installation of the down-hole pump and commissioning of processing equipment will commence prior to production testing. Two, six-inch export pipelines from the Rowan Norway were successfully installed by the Polar Price.
Project Details: Bentley
Athena Sees First Oil
May 28, 2012 – Ithaca Energy Inc. announced the successful start-up of oil production from the Athena field. The initial operations phase of the field is in line with the management’s expectations and proceeding as planned. This involves bringing production from each well online and establishing stable performance of the oil processing and water injection systems. Athena field is owned by a joint-venture partnership including the field operator, Ithaca with 22.5%, Dyas UK Limited holding 47.5%, EWE Energie with 20% and Zeus Petroleum Limited owning the remaining 10%.
Project Details: Athena
Tybalt Appraisal Well Fails to Impress
May 28, 2012 – Valiant Petroleum plc announced that the Tybalt appraisal well 211/8c-5 has reached a total depth of 13,212 feet MD. The well penetrated a full Upper Magnus Sandstone Member (UMSM) section, comprising 844 feet gross, with 316 feet of net sand. Two hundred and ten feet of core was successfully recovered from this interval. Initial interpretation indicates that the hydrocarbon saturations recorded throughout the section were broadly similar to the 211/8c-4z discovery well drilled in 2010. Despite similar porosities, recorded permeabilities in the current well registered lower than most expectations. Moveable hydrocarbons were not detected during reservoir testing. Test points located in the lower part of the UMSM recovered water, while stations towards the top of the interval were tight. Valiant Petroleum and its partners at the Tybalt field are suspending the well. Additional technical analyses will be necessary to determine the size of and any potential in the Tybalt accumulation. Tybalt is operated by Valiant Petroleum, which holds 60 percent interest in the field. Agora Oil and Gas AS, a fully-owned subsidiary of Cairn Energy PLC owns the remaining 40 percent interest.
Project Details: Tybalt
Asia – SouthEast
Production Starts in Terang Gas Field
May 26, 2012 – Kangean Energy Indonesia Ltd. announced that commercial production from the Terang gas field began on May 26, 2012. Terang gas field is located offshore, approximately 56 miles (90 kilometers) north of Bali Island in water approximately 214 feet (90 meters) deep and is part of the TSB gas field complex, which is composed of Terang, Sirasun and Batur gas fields. The produced gas will be first gathered in FPU, supplied through the East Java Gas pipeline and then sold.
Philipino Government Approves Extension for Exploration of SC55
May 25, 2012 – Otto Energy announced that the Philippines Department of Energy (DOE) approved an extension to the current Exploration Sub-Phase 4 of SC55 by 12 months. Sub-Phase 4, which began Aug. 5, 2011 has been extended to Aug. 5, 2013 and retains the commitment to drill one well under the current work program. Sub-Phase 5 has the same well commitment and runs from Aug. 5, 2013 until Aug. 5, 2014. The extension was requested by Otto’s JV partner and operator of SC55 for the purpose of securing an appropriate ultra deepwater rig equipped with the required well control equipment to ensure safe drilling operations. No specific date for commencement of drilling operations in SC55 can be determined until a rig is secured. Current availability of such niche rigs is limited and was a factor in the decision to grant the extension for Sub-Phase 4.
Project Details: Cinco
Africa – West
Post Logging Results for Gazelle-P3 ST
May 30, 2012 – Rialto Energy has disclosed preliminary results from the well log analysis for the Gazelle-P3 ST development well located at permit CI-202 offshore Cote D’Ivoire. The well encountered all expected reservoirs at the Gazelle Field along with a new exploration objective. Rialto is reviewing operational options, including a possible side-track to relocate the development well at a location where it will be suspended as a producer. A secondary objective of the possible side-track will further appraise, potentially test and suspend the UC3 reservoir. A primary gas reservoir in Gazelle was found to be gas bearing at the Gazelle-P3 ST well, where it was encountered 656 feet (200 meters) deeper than the lowest known gas from the earlier IVCO 21 well on Block CI-202. Two high quality PVT samples were taken for use in the Gazelle FEED study. The Condor exploration prospect was encountered with good gas shows however results indicated a low permeability gas reservoir at this location. A follow-up well to fully evaluate the prospect will be drilled as part of Rialto???s next phase in the drilling program planned for early-mid 2013. A 246 foot (75 meter) TVD gross reservoir package of high-quality sand was encountered at the base of the Gazelle-P3 ST Well. Drill cuttings exhibited shows and the logs indicated the sands to be water bearing with possible residual oil saturations. Recently acquired 3D data will be used to identify new prospects in the Gazelle/Condor Area with a view to future exploration activity. A decision as to whether to drill a side-track to the Gazelle-P3 ST well to further appraise the UC1 and UC3 reservoir is forthcoming. Once drilling is completed on Gazelle P-3 ST, a six well template will be set prior to spudding the Gazelle P-4 well. The Chouette exploration well will begin at the completion of the Gazelle P-4 well.
Project Details: Gazelle
Boreas-1 BOP Pressure Testing Complete
May 25, 2012 – Karoon Gas Australia Ltd reported that the Boreas-1 exploration well completed pressure testing of the surface blowout preventors (BOP). Since the last report, the 12-1/4??? hole section was drilled from 12,822 to 13,153 feet (3,908 meters to 4,009 meters), 9-5/8??? casing was run and cemented, and the BOP and marine riser were pulled from the well. The BOPs were then serviced. The Transocean Legend (mid-water semisub) will begin drilling the 8-1/2??? hole section early next week. Boreas-1 is located approximately 2.5 miles (4 kilometers) south of Poseidon-1 in WA-315-P on a large tilted fault block which is part of the of the north-east trending structural high of the greater Poseidon structure. The objective of the well is to test the extent, presence and quality of reservoirs within the Boreas-1 fault block. ConocoPhillips is the operator of the jointly held WA-314-P, WA-315-P and WA-398-P Browse Basin permits, which contain the previously announced Poseidon and Kronos gas discoveries. Karoon Gas Australia Ltd holds 40% of the permit WA-315-P and WA-398-P and 90% of permit WA-314-P.
Project Details: Boreas

French Guiana: Shell to Begin Guyane Drilling in Mid 2012


Northern Petroleum announces plans to commence drilling in mid 2012 on the Guyane permit offshore French Guiana, to follow up on the Zaedyus oil discovery in late 2011 that demonstrated the prospectivity of this licence area off South America. This is a relatively low cost investment for Northern with high upside potential.

In the Zaedyus exploration well, 72 metres of net oil pay was discovered in two turbidite sand systems in the first phase of drilling – successfully proving that the Jubilee play is mirrored across the Atlantic from West Africa.

The second phase of drilling is planned to involve the spudding of a de-lineation well on the discovery, likely to be followed by an exploration well on one of the neighbouring prospects within the area captured by 3D seismic survey. Additional 3D seismic is also planned to be acquired from midyear to further delineate leads on trend and similar to the Zaedyus discovery mapped on 2D seismic along the length of the deepwater margin.


To undertake these operations Shell, who took over as Operator from Tullow Oil on 1 February 2012, has contracted the Stena DrillMax ICE drillship, which is expected to commence operations midyear subject to government consents.

The partner interests in offshore Guyane are: Shell 45%, Tullow 27.5%,  Total 25%,  Northpet Investments 2.5% (Northern owns a 50% equity interest in Northpet)

Derek Musgrove, Managing Director of Northern stated:

”Northern is pleased that the successful Zaedyus oil discovery is to be quickly followed by a new drilling campaign. This will not only further delineate the discovery structure, but will also move forward to drill some of the similar prospects defined by 3D seismic in order to confirm the wider significant potential of this permit area covering the entire length of the prospective continental shelf edge of Guyane, a distance of about 200 kilometres.”


MODU Market Spending to Reach USD 48.1bn in 2012


A large amount of undeveloped offshore oil and gas fields as well as new offshore discoveries will help drive the Mobile Offshore Drilling Units (MODU) market, especially in deepwater.

With strong oil prices persisting, major energy companies are increasingly reinvesting their earnings in exploration and development of offshore oil and gas basins. Visiongain calculates capital expenditure in the MODU market will total $48.1bn in 2012.

According to the International Energy Agency, global oil demand will rise from 88 million barrels today to around 99 million barrels in 25 years time. Over this period the cost of extracting oil will be higher and production from offshore resources will not be as expensive as it was relative to development of onshore hydrocarbons.

Although new technological improvements mean fewer people will be needed on offshore oil and gas drilling rigs, the construction industry behind MODUs and assembly of related technologies is providing employment for thousands of people. For example, the Brazilian marine construction industry has emerged on a vast scale to enable its offshore industry to provide MODUs and technologies for Petrobras to meet its vast oil production targets from its offshore resources.

Most super-major oil and gas companies as well as independent oil and gas companies have each secured a share in the hydrocarbon-rich offshore regions across the globe and demand for MODUs is strong. Meanwhile, health and safety standards and technology have both improved across the industry, leading to a backlog of orders for new-build MODU.

The Mobile Offshore Drilling Units (MODU) Market 2012-2022 report includes 144 tables, charts and graphs that analyse quantify and forecast the MODU market in detail from 2012-2022 at the global level, four submarkets and for 7 regional markets. The analysis and forecasting ahs been reinforced by extensive consultation with industry experts. Two full transcripts of exclusive interviews are included from Friede & Goldman and Maxeler Technologies. The report also profiles 55 leading companies involved in the MODU market.

More Info


Obama’s Kenyan Birth Certificate Surfaces In Africa

Note: You can magnify this if you use Magnifier tool; found in the Windows Accessories folder under Ease of Use.

Click image to Enlarge

Posted by truther on March 23, 2012
African Press

Now it is here and places the president in the African continent. The debate surrounding it will now end after the revelation, and those who have not been telling the truth will have to be made answerable one way or another.

The revelation, however, coming during this election year 2012 is doing no good to the democratic party.

API on Tuesday the 6th March evening received President Obama’s genuine birth certificate. API decided not to hurry in publishing it immediately because we wanted to be sure of the content value.

Click image to enlarge

Now that the scrutiny has been done, the publishing of the Birth certificate that will clear the air once and for all is being done without prejudice. This may force the US president to apologise to the American people for having been kept in the dark on the issue for a long time now on demanding the publishing of the birth certificate by President Obama.

API will scan in here a letter from Coast Provincial Birth Registration Office in the next few hours or days, depending on how quick API is cleared to do so.

The purpose of scanning the official letter is to ensure that what we have received as you see here is fully collaborated officially. : Obama registration sir edward of lavender was the colonial registrar in Mombasa in 1961? Check it out and satisfy yourself by weighing the facts individually.

Everyone knows that the documents are very sensitive and are not for misuse by any person to gain upper hand in political games.

It is, however, fair that the whole truth is brought to light and have the whole saga put to rest once and for all.

Many people seem to be of the opinion that there is a plan to hide from them the real thing. The US President says he is born in Hawaii. Many documents being circulated worldwide says otherwise. Therefore, it is very important to be outright and get the real thing on the table without witch hunt or without trying to malign the president’s name, unless the truth is not what he personally has said.

A duly signed official letter and a very special document will be scanned here for all to see – this comes in a few hours or days, depending on how quick API gets the clearance to do so. The two documents will put the issue to rest and clear the air once and for all who wish to know the true facts of this case file that has bothered a section of the American people!

It is only reasonable to continue working on this case in order to reveal the truth of the matter.

Another issue important to consider is why many are so interested in this. If Obama has ruled now for three good years and is now in his fourth year – and already asking for another term that will give him new 4 years in the White House, is there any wrongdoing when he actually has delivered leadership and continues to do so? He has not run down the country, so what is all the farce about where he is born? After all, he has lived in the US all his life.

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