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.
S. America – Brazil
May 9, 2013 – BP announced its intention to sell its 60% operated interest in the Polvo field to HRT Oil & Gas for $135 million in cash. Polvo is located in the southern part of the Campos Basin in block BM-C-8. Oil from the field is produced through a fixed drilling and production platform tied to an FPSO. The transaction is subject to regulatory approvals, but BP expects the deal to close in the second half of 2013. If approved, HRT will make the transition from a pure exploration company to a small oil producer. Currently, the field is producing at a rate of 13,000 bopd.
Project Details: Polvo
May 8, 2013 – Brazilian exploration and production company OGX reached an agreement to sell 40% of its interest in Campos Basin blocks BM-C-39 and BM-C-40 to Petronas for a reported $850 million with an effective date of May 1. Based on the agreement, Petronas will acquire an interest in the Tubarao Martelo oil field with its 285 million barrels of recoverable resources along with the Inga and Pero prospects which are all located within the two blocks. Production from Tubarao Martelo is expected to begin by the end of the year. The transaction is subject to approval by Brazil’s National Petroleum, Natural Gas and Biofuels Agency and the Brazilian Council for Economic Defense.
Project Details: Tubarao Martelo (Waikiki)
May 7, 2013 – Karoon announced its second oil discovery of the current 3-well exploration program in the Santos Basin. The company announced a 656-foot gross oil pay made up of interbedded sand and shale intervals encountered while drilling the Bilby-1 well in block S-M-1166. Wireline testing of the pay zone is currently underway. Once complete, drilling will continue to the planned depth of 15,003 feet where Karoon hopes to find hydrocarbon-bearing Santonian aged reserovoirs. Completion of the Bilby well will mark the end of the exploration program.
Project Details: Bilby
Asia – SouthEast
May 8, 2013 – Nido Petroleum and its partner, Philippine National Oil Company (PNOC), have approved a work plan and budget to spud a wildcat on the Baragatan prospect in SC 63 offshore Palawan Island. Nido will serve as technical operator while drilling operations are underway. The well will be drilled when a suitable jackup becomes available and all regulatory approvals are secured. Bragatan is estimated to hold mean risked recoverable oil volumes of 115 million barrels with an upside of 166 million barrels.
Project Details: Baragatan
May 7, 2013 – The Ensco 107 (400′ ILC) is expected to drill an exploration well targeting the Cua Lo prospect in Block 105 off Vietnam in June 2013. Participants in the block include Eni (50%) serving as operator, Neon Energy (25%) and KrisEnergy (25%). Interpretation of 3D seismic over the area is ongoing and the joint venture is attempting to finalize the drilling location to maximize the exposure of multiple potential pay zones. A Prospective Resource Assessment of the block has confirmed best estimate gross unrisked prospective recoverable resources of 3.9 Tcf.
Project Details: Cua Lo
May 6, 2013 – ROC Oil advised that drilling of the Bentara-3 well in the Balai Cluster RSC has commenced. The well is the fifth and final well in the Balia Cluster pre-development/appraisal drilling program. Once the well is complete the joint venture partners will review the data and determine the economic viability of the fields. If the decision is made to move forward, a formal field development plan will be submitted.
Project Details: Balai Cluster
N. America – US GOM
May 10, 2013 – Total depth has been reached in the B-1 well in Main Pass 108 block in the US Gulf of Mexico. The well, drilled by the Hercules 202 (200′ MC), was designed to target a potential 1.8 MMboe in the Tex W-6 Sand. It is possible that B-1 will be completed and on production by July. At that point, the Hercules 202 will skid over and spud the B-2 well which is targeting similar reserves. If successful, the B-2 well could be on line by 4Q 2013.
Project Details: Main Pass 108
May 8, 2013 – ExxonMobil and its partner, Statoil, have agreed to proceed with development of the Julia oil field in the US Gulf of Mexico. Julia was discovered in 2007 and is estimated to hold almost 6 BBbbls of oil. The $4 billion project is expected to start producing in 2016. Phase 1 of the development will be designed to produce 34,000 bopd from 6 subsea wells tied back to the Jack/St. Malo production facility. A development drilling program is planned to be kicked-off in 2014 in waters ranging from 4,000 to 8,700 feet. ExxonMobil, the field operator, and Statoil each hold a 50% stake in the field.
Project Details: Jack/St. Malo
May 8, 2013 – Royal Dutch Shell made its final investment decision on the Stones ultra-deepwater oil and gas development project in the US Gulf of Mexico. At 9,500 feet deep, Stones is expected to host the world’s deepest production facility. Announcement of the decision sets in motion the construction of a floating, production, storage and offloading (FPSO) vessel along with all of the associated subsea infrastructure. Initially, two developments well will be tied back to the FPSO with six additional wells to follow at a later date. Peak production for the first phase is expected to peak at 50,000 boed. The Stones reservoir is estimated to hold more than 2 BBboe.
Project Details: Stones
Marathon Development Continues off Louisiana Coast
May 6, 2013 – A fifth development well has been spud on the Apache-operated Marathon gas and condensate field in the Atchafalaya Bay off the coast of Louisiana. Marathon-4 is being drilled by the Parker 76-B (inland barge) in 8 feet of water and is targeting the Marathon formation at roughly 18,700 feet total depth. It is estimated to take 4-months to drill, complete and tie-in the well to existing production facilities. The Marathon field is operated by Apache who maintains a 48.75% interest. Petsec Energy holds 8% while private investors make up the remaining 43.25%.
N. America – Canadian Atlantic
May 8, 2013 – Husky Energy, operator of the White Rose field in Canada’s Jeanne d’Arc Basin, awarded a pair of development contracts associated with the South White Rose Extension project to Technip. The first contract is set to be carried out in 2013 and includes the supply and installation of gas injection flowlines, umbilicals and various subsea structures. Execution of the second contract will commence in 2014 and will involve the supply and installation of flowlines and subsea structures to support oil production and water injection. Husky has started a development drilling program and anticipates production start-up in 2014.
Project Details: White Rose
Europe – North Sea
May 8, 2013 – Cairn Energy announced it will farm-in to licenses FEL 2/04, FEL 4/08 and six adjacent licensing option blocks in the Porcupine Basin west of Ireland. Included in FEL 2/04 are the Spanish Point gas condensate discovery and the Burren oil discovery. The farm-in is subject to regulatory and partner approval. If approved, Cairn becomes the operator and acquires a 38% working interest by paying a pro-rated share of back costs for a consideration of $4.1 million and 63.33% of exploration and appraisal costs up to two wells, subject to a cap. An appraisal of Spanish Point is expected to be drilled in 2Q 2014.
Project Details: Spanish Point
May 7, 2013 – The UK Department of Energy and Climate Change (DECC) approved an addendum to the Ettrick Field Development Plan (FPD) that was submitted in November 2012. Partners in the field include operator Nexen Petroleum (79.73%), Dana Petroleum (12%) and Atlantic Petroleum (8.27%). Ettrick was discovered in 1981 and began producing in 2009. Approval of the addendum will allow an infill production well to be drilled near the crest of the field. The well should be tied into the Aoka Mizu FPSO near the end of 3Q 2013.
Project Details: Ettrick
May 7, 2013 – Appraisal well 16/2-21 has been spud by the Bredford Dolphin (mid-water semisub) in the Johan Sverdrup discovery on the Norwegian continental shelf. The central part of the discovery is being tested in an effort to establish the depth, quality and thickness of the Jurassic reservoir sequences. Information obtained from this well will aid in developing a drainage and development strategy which is expected to be announced at the end of the year. Well 16/2-21 is the first in a three-well appraisal campaign that will be carried out through 2013.
Project Details: Johan Sverdrup
May 7, 2013 – Lundin Petroleum reports the previously announced production test of the Luno II discovery well is complete. Well 16/4-6S was drilled by the Bredford Dolphin (mid-water semisub) and encountered 131 gross feet of oil pay. A flow rate of more than 2,000 bopd was achieved through a 48/64 inch choke with a gas to oil ration of 1,100 scf/bbl. Lundin estimates the Luno II structure to contain gross contingent resources of 25 to 120 MMboe along with 10 to 40 MMboe of prospective resources for he Luno II North segment.
Project Details: Luno II
S. America – Other & Carib.
May 8, 2013 – Shell’s exploration campaign off the coast of French Guiana continues with the recent spudding of well GM-ES-4 on the Cebus prospect in the Guyane Maritime Permit. Cebus is the third well in the four-well program. The well will test the hydrocarbon potential of a different fan system than that of the two previous wells that failed to find pay.
InterMoor, an Acteon company, has completed installation of the drilling and production conductors for the Papa Terra project, announced Global President Tom Fulton. Petrobras serves as the operator of the Papa Terra concession with a 62.5 percent interest; Chevron holds the remaining 37.5 percent interest.
InterMoor was responsible for the design, procurement, fabrication and installation of 15 conductors for the project. Fabricated at InterMoor’s 24-acre, Morgan City, La., facility, the conductors are 36 inches (91 centimeters) in diameter and 187 feet (57 meters) long.
InterMoor chartered the Skandi Skolten, DOF Subsea’s Construction Anchor Handling Vessel, and the installation barge with a customized conductor launch system. For conductor driving, InterMoor used MENCK’s MHU-270T DWS which included a deepwater hydraulic hammer capable of providing a driving energy of 270 kilojoules at a water depth of 3,281 feet (1000 meters) combined with MENCK’s girdle-type electro-hydraulic power pack and umbilical support system. Generating hydraulic power at depth, rather than at the surface, means no hydraulic hose, therefore minimalizing environmental impact and energy loss.
The conductors were installed in water depths of 3,937 feet (1,200 meters) in the southern Campos Basin off the coast of Brazil. The installation took place in April 2012. InterMoor’s conductor services optimize conductor design to meet project-specific load and fatigue requirements, and the unique patented installation method allows installation without the need of a construction vessel. A standard Anchor Handling Vessel is sufficient, leading to a more economical installation off the rig’s critical path.
“We are proud to have successfully completed this important installation for Petrobras and to be part of the first offshore tension-leg, wellhead platform in Brazil,” said Fulton. “Our collaboration with sister company MENCK proved to be an effective partnership, and InterMoor remains the only company worldwide to offer a full conductor installation service in deep water.”
“InterMoor has been developing its strength in the Brazil market through our office in Rio de Janeiro, and this project completion confirms the breadth of our capabilities in the region,” added John Riggs, Managing Director for InterMoor do Brasil.
- Papa Terra Project Faces Delay (Brazil) (worldmaritimenews.com)
- Brazil: Petrobras Finishes Deck Mating Operation for P-55 Platform (worldmaritimenews.com)
- Petrobras Hurt by Transocean Rig Loss in Brazilian Court – Bloomberg (bloomberg.com)
- Aker Solutions to Deliver Drilling Packages (Brazil) (worldmaritimenews.com)
|This week the SubseaIQ team added 8 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.|
- Recap: Worldwide Field Development News (Apr 13 – Apr 19, 2012) (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Apr 6 – Apr 12, 2012) (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Mar 30 – Apr 5, 2012) (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Mar 23 – Mar 29, 2012) (mb50.wordpress.com)
Brazil’s state controlled oil company, Petrobras, announces that on Sunday afternoon, April 8, a subsea inspection discovered seepage of oil coming from its Roncador oil field’s seabed in Campos basin.
The inspection was carried out using a Remotely Operate Vehicle (ROV), at the field located approximately 120 km off the coast of from the coast of São Tomé Cape, Rio de Janeiro State, Brazil, near the Chevron operated Frade field where two seeps – one in November, 2011 and the second in early March, 2012, occurred.
According to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP), the ROV was submerged approximately 500 meters to the East from the Frade field border line, where it collected oil samples which should help with identifying the source of the leak.
So far, no oil slick can be seen on the surface of the sea.
- Petrobras: Production Starts at Cascade Field (USA) (mb50.wordpress.com)
- Brazil: Petrobras Agrees Contracts for 26 Drilling Rigs (mb50.wordpress.com)
- Repsol Sinopec Makes High-Impact Discovery Off Brazil (mb50.wordpress.com)
- In Brazil, Chevron’s Lone Gunman Shoots Again (forbes.com)
- Chevron execs may get criminal charges in Brazil (cbsnews.com)
- Petrobras Oil Spill Update: Industry Executives Await Official Response from Brazil (gcaptain.com)
BP announced today that the Brazilian National Petroleum Agency (ANP) has approved its farm-in to four deepwater exploration and production concessions operated by Petróleo Brasileiro S.A. (Petrobras) in the Brazilian equatorial margin.
BP Energy do Brasil Ltda. is taking a 40 per cent interest in each of the blocks, located in the Barreirinhas and Ceará basins, from Petrobras.
The move will give BP access to four new concession blocks in Brazil: BM-BAR-3 and BM-BAR-5 in the Barreirinhas basin, and BM-CE-1 and BM-CE-2 in the Ceará basin. Together the blocks cover a total area of 2,113 square kilometres.
“BP is building on our strengths in exploration and the deepwater and these four new blocks bring exciting new exploration opportunities, adding to the already significant position we hold in Brazil,” said Bob Dudley, BP group chief executive. “I am pleased that this also deepens our strong relationship with Petrobras, one of the world’s leading deepwater operators.”
Guillermo Quintero, BP Brazil President added: “Over the past year, in addition to acquiring ten upstream concessions from Devon Energy in May, we have made major investments in biofuels and expanded our aviation business in Brazil. I am delighted with this continued growth of our presence in Brazil.”
Following the farm-in, BP will hold concessions in 14 blocks in Brazil, operating six. BP will be a partner with Petrobras in nine of these concession areas: the Xerelete field, BM-C-34 and BM-C-35 (in the Campos basin); BT-PN-2 and BT-PN-3 (in the Parnaíba basin); BM-BAR-3 and BM-BAR-5 (in the Barreirinhas basin) and BM-CE-1 and BM-CE-2 (in Ceará basin).
- Petrobras Discovers Oil at Tucura Well, Campos Basin, Offshore Brazil (mb50.wordpress.com)
- BP Gains Access to 5 More Deepwater Blocks Off Angola (mb50.wordpress.com)
- Brazil: Petrobras Agrees Contracts for 26 Drilling Rigs (mb50.wordpress.com)
- BP Hires PSV ‘Sea Brasil’ (mb50.wordpress.com)
- Petrobras: Production Starts at Cascade Field (USA) (mb50.wordpress.com)