This week the SubseaIQ team added 0 new projects and updated 7 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field development news and activities are listed below for your convenience.
S. America – Brazil
Petrobras Announces Farfan Discovery
Oct 11, 2012 – Petrobras announced the discovery of light hydrocarbons at its Farfan prospect in block SEAL-M-426 offshore Brazil. Well 1-BRSA-851-SES is being drilled in 8,923 of water by the Deepsea Metro II (UDW drillship). A hydrocarbon bearing zone of 144 feet was discovered at a depth of 18,314 feet and was confirmed by wireline testing and fluid sample analysis. The rig will continue drilling to the target depth of 19,685. Petrobras and partner IBV Brazil hold 60% and 40% interest in the well respectively.
Oct 11, 2012 – Petrobras released preliminary drilling results concerning appraisal well 3-RJS-683A at the Jupiter prospect confirming a discovery of natural gas and condensate. The discovery has proven a continuous reservoir between 3-RJS-683A and the Jupiter discovery well. A 577-foot oil column has also been detected in rocks displaying excellent permeability and porosity. Further appraisal is needed to determine the size of the field but initial estimates suggest that Jupiter could hold as much as 1 billion cubic feet of gas. To this point, the well has reached a depth of 17,834 feet and drilling will continue in an effort to reach deeper targets.
Project Details: Jupiter
Europe – North Sea
Oct 11, 2012 – The Bredford Dolphin (mid-water semisub) wrapped up drilling operations at Lundin’s Albert prospect offshore Norway. Well 6201/11-3 was drilled to 9,760 feet and penetrated a thin Cretaceous oil bearing reservoir. The reservoir was found at a depth where the primary target was expected to be encountered. Due to the makeup of the structure and uncertain distribution, an estimation of resources in place cannot be made at this time. A minor column of movable hydrocarbons was encountered in a Paleocene secondary target. Further geophysical and geological studies are required to clarify the potential of the discovery.
Project Details: Albert
Oct 11, 2012 – Heerema Fabrication recently completed construction of the new 750 ton process module for BP’s Andrew platform in the UK North Sea. The module was designed to be a “bolt-on” addition to the platform facilitated by the use of two large hinge pins that engage hooks welded to the existing structure. Heerema’s Hartlepool yard benefited from the project by the creation of 180 jobs. In addition, the module was delivered without a single lost time incident.
Project Details: Andrew (UK)
Oct 9, 2012 – Providence Resources recently completed a suite of static and dynamic modeling of the main Basal Wealden oil bearing reservoir interval within the Barryroe complex offshore Ireland. Data from the new models was incorporated with maps made from the recent 3D seismic survey of the area allowing Providence to establish oil recovery factors ranging from 17% to 43%. A modeled recovery factor of 31% over 25 years was achieved based on a development scenario which implemented 41 horizontal production and 22 horizontal water injection wells. Also, the company awarded the Barryroe Concept Development Engineering Study to Procyon Oil and Gas. Procyon will help determine the best development plan for the field based on the different scenarios recently modeled by Providence.
Project Details: Barryroe
Oct 9, 2012 – Ithaca Energy has acquired interest in the Cook and MacCulloch fields in the UK North Sea through the acquisition of two Noble Energy subsidiaries. The Shell-operated Cook field is located in block 21/20a and is processed through the Anasuria FPSO. The acquisition will bring Ithaca’s stake in the field to 41.345%. The ConocoPhillips-operated MacCulloch field is found in block 15/24b and was developed through 4 subsea wells tied back to the North Sea Producer FPSO. Finalization of the acquisition, expected in early 2013, will give Ithaca a 14% stake in the field. With the addition of these assets, Ithaca’s net production – largely oil – should increase by 1,100 boepd. The company’s total consideration in the arrangement is $38.5 million.
Project Details: MacCulloch
Asia – Far East
Lufeng FSOU Gets an Upgrade
Oct 9, 2012 – InterMoor completed its first permanent mooring project in the Lufeng field in the South China Sea. The company was contracted by CNOOC to handle project management, engineering, procurement and installation of a new buoy turret mooring system for the Nanhai Sheng Kai FSOU. Installation of the new mooring system should allow CNOOC to get an additional 15 years of service life out of the vessel which was first deployed in 1992. Included in the work scope was the addition of a new 8-inch flexible flowline and riser between the mooring system and LF13-2 wellhead platform. The FSOU was previously anchored in the LF13-1 field but has been moved to the 13-2 field since the upgrade to expand development there.
Scarborough Partners Still Mulling Development Options
Oct 11, 2012 – ExxonMobil said a decision on how to develop the Scarborough gas field is not likely until the second half of 2013. Scarborough is considered one of the most difficult fields off Western Australia to develop. Water depth in the area is around 4,700 feet and the closest land is 170 miles away. The company is evaluating several options with its joint partner BHP Billiton. Some of the options include building a floating LNG platform or supplying gas to companies that have existing LNG plants.
Oct 9, 2012 – MEO Australia announced its intention to launch the farmout of exploration permit WA-454-P on Nov. 1. The farmout is scheduled to conclude by the end of 1Q 2013. WA-454-P, located in the Joseph Bonaparte Gulf, contains the Marina-1 discovery and the sizable Breakwater prospect. MEO describes Marina-1 as a “gas and probably oil” discovery with 3C contingent gas resources of up to 3.2 Bcf and 3C contingent oil/condensate resources of up to 29.5 MMstb. Gas-only perspective resources for Breakwater are up to 2.7 Tcf with 87 MMstb condensate. In addition, Breakwater is situated in an area near proven gas discoveries that are planned to be developed with floating LNG technology. MEO was awarded WA-454-P in June 2011 and holds 100% interest in the permit.
Project Details: Marina
- Worldwide Field Development News Sep 29 – Oct 5, 2012 (mb50.wordpress.com)
- Worldwide Field Development News Sep 14 – Sep 20, 2012 (mb50.wordpress.com)
- Worldwide Field Development News Aug 10 – Aug 16, 2012 (mb50.wordpress.com)
- Worldwide Field Development News Sep 22 – Sep 28, 2012 (mb50.wordpress.com)
This week the SubseaIQ team added 4 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 development news and activities are listed below for your convenience.
Aug 28, 2012 – Based on “strong industry interest”, WHL is planning to speed up its 3D seismic acquisition program in Exploration Permit VIC/P67 by 12 months. The undeveloped La Bella gas field is located in the Permit and contains an estimated 150 billion cubic feet of contingent resources. Currently, WHL is looking for partners to participate in the data acquisition program which it expects to start in 2Q 2013. The program involves purchasing and assessing 313 square miles of 3D seismic data and is subject to regulatory environmental approvals.
Project Details: La Bella
Aug 28, 2012 – Noble Mediterranean Energy along with external consulting firms and the Israeli Department of Energy and Water have selected an alternate plan for sealing and abandoning drilling operations in Leviathan 2 offshore Israel. Drilling will be carried out by the ENSCO 5006 (DW semisub) for an estimated period of 60 days at a cost of $46.6 million. However, due to the complexity of the plan, deviations to these estimates are likely. Noble, the field operator, does not expect any environmental damage to result from the abundance of water produced from Leviathan drilling operations.
Noble and its partners Ratio, Delek and Avner are covered by “control of well” insurance that will takeover expenses for re-drilling and sealing and abandonment of operations up to $200 million per case. So far, the Leviathan 2 partnership has received $53 million for 100% coverage.
Project Details: Leviathan
Aug 27, 2012 – BP Egypt announced the discovery of gas in both the Taurt North and Seth South fields in the North El Burg offshore concession, Nile Delta. Satis-1 and Satis-3 Oligocene deep and Salmon-1 shallow Pleistocene were previous discoveries made by BP in this same concession. The stakeholders in the North El Burg Offshore Concession are the operator BP and its partner IEOC, each holding a 50% interest.
BP Egypt announced the discovery of gas in both the Taurt North and Seth South fields in the North El Burg offshore concession, Nile Delta. Satis-1 and Satis-3 Oligocene deep and Salmon-1 shallow Pleistocene were previous discoveries made by BP in this same concession. The stakeholders in the North El Burg Offshore Concession are the operator BP and its partner IEOC, each holding a 50% interest. The Scarabeo 4 (mid-water semisub) drilled both the Taurt North for Seth South wells for IEOC on behalf of the concession operator BP in water depths of 361 feet (110 meters) and 256 feet (78 meters), respectively. Presence of gas was confirmed by wireline logs, pressure data and fluid samples in one Pleistocene interval in Taurt North and in two Plio-Pleistocene intervals in Seth South. Studies are being conducted to determine options for tying both discoveries to a nearby existing infrastructure.
Project Details: North El Burg
Europe – North Sea
Aug 29, 2012 – Irish explorer Providence Resources confirmed that site survey operations are about to commence on its Spanish Point acreage in the Main Porcupine Basin off the west coast of Ireland. The work is being carried out by Chrysaor on behalf of the Spanish Point partners and is part of the preparations for the drilling of an appraisal well in 2013. The operations are expected to be finished in early September. Providence, currently the operator of the FEL 2/04 license although it recently agreed to transfer this role to Chrysaor, holds a 32% interest while Chrysaor holds 60%.
Project Details: Spanish Point
Aug 28, 2012 – Antrim Energy has entered into an oil sales contract with BP Oil International. The contract covers Antrim’s 35.5% share of oil produced from the Causeway field in UK Block 211/23d. Other partners in the field are Valiant Causeway Limited (54%) and Valiant Gamma Limited (10.5%). Production at Causeway is expected to begin shortly and will be facilitated using the North Cormorant Platform. The contract also allows Antrim to include its share of oil production from the nearby Fionn field once production is brought online, which is expected in mid-2013.
Project Details: Causeway
Aug 28, 2012 – TAQA Bratani has announced that exploration drilling operations are underway at Block 211/22a of the UK North Sea. The well is being drilled from the TAQA operated Cormorant North production platform which is located just west of the Contender prospect. The objective of the well is to test Jurassic Brent sandstones at a depth of 16,900 feet. TAQA agreed to cover 100% of the drilling and completion costs of the Contender well and has earned a 60% interest in the block. If it is determined that Contender should be developed, it will be tied into the Cormorant North Platform.
Project Details: Contender
Aug 27, 2012 – A/S Norske Shell has awarded a $100 million contract to Framo Engineering to supply its Draugen field with a complete subsea, multiphase booster pump system which includes topside power and control, power and control umbilical and the complete subsea pump module and manifold. Framo, a Schlumberger company, will install the system in Norwegian waters at a depth of 8,202 feet (250 meters). The system is designed to facilitate increased oil production in the Draugen field and will be installed in the summer of 2014.
Project Details: Draugen
Aug 27, 2012 – Statoil has made a discovery in the North Sea’s Utsira High within the Geitungen prospect. Well 16/2-12 intercepted a 115 foot (35 meter) oil column within a high-quality, Jurassic reservoir. Estimated volumes are between 140 and 270 million barrels of recoverable oil equivalents. Basement rock was also found to hold oil. Well 16/2-12, the eighth well in PL265, was drilled by the Ocean Vanguard (mid-water semisub) to a vertical depth of 6,709 feet (2,045 meters).
Geitungen has been defined as its own prospect in the PL265. Although it was drilled 1.86 miles (3 kilometers) north of the Johan Sverdrup discovery, well data indicates communication between the two discoveries is likely.
Statoil is the operator of PL265 and holds a 40% interest in the license. Its partners include Petoro AS with 30%, Det norske oljeselskap ASA with 20% and Lundin Norway AS holding the balance of the license with 10%.
Project Details: Geitungen
Aug 27, 2012 – Lundin Petroleum’s fifth Johan Sverdrup appraisal well has reached a final depth of 6,758 feet at Production License (PL) 501. Well 16/2-13S was drilled by the Transocean Arctic (mid-water semisub) in 380 feet of water. An 82-foot gross oil column was encountered in Upper and Middle Jurassic sandstone. Coring and logging operations were carried out and confirmed excellent reservoir quality. The well will now be sidetracked in an effort to investigate: the depth to top reservoir, lateral thickness and properties of the Jurassic reservoir and to establish an oil water contact.
Project Details: Johan Sverdrup
Africa – West
Aug 30, 2012 – Rialto Energy announced that Petroci Holdings, C??te d???Ivoire state-owned oil and gas company, is exercising its option to maximize its interest in the Gazelle Field located offshore in Block CI-202. Petroci will back-in for an additional 11% paying interest making its overall interest 26% (comprising a 16% paying interest). This transaction will reduce Rialto’s interest in the field to 74% (84% paying interest). However, its remaining interest in Block CI-202 – outside of the Gazelle Field – remains at 85% (95% paying interest). In the next six months, Petroci Holdings will reimburse Rialto for an 11% share of an estimated $10 million of historical cost that is associated with the Gazelle Field. From the point of the back-in date, Petroci will pay 16% of any future costs. Rialto has a 25-year permit to produce hydrocarbons from Gazelle.
Project Details: Gazelle
- Recap: Worldwide Field Development News Jul 13 – Jul 19, 2012 (mb50.wordpress.com)
- Recap: Worldwide Field Development News Jul 27 – Aug 2, 2012 (mb50.wordpress.com)
- BP considers sale of Gulf of Mexico assets for $7.9B, sources say (bizjournals.com)
|This week the SubseaIQ team added 7 new projects and updated 41 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 6 – Apr 12, 2012) (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Mar 30 – Apr 5, 2012) (mb50.wordpress.com)
- USA: Anadarko Completes Heidelberg Sidetrack Appraisal Well (mb50.wordpress.com)
- Recap: Worldwide Field Development News (Mar 2 – Mar 8, 2012) (mb50.wordpress.com)
For leaders of smaller nations, a meeting and a photo op with the American President in the White House is always a huge thrill. And so Danish Prime Minister Helle Thorning-Schmidt was no exception when she received the presidential treatment on February 24, basking in the glow of President Obama’s approval. The President (rightly) praised Denmark’s military contribution in Afghanistan and Libya, saying that the small Nordic country of 4.5 million people ”punches above its weight.”
As sweet as this praise must have been to the ears of the Danish prime minister, it was soon tempered by revelations that President Obama is very free with the use of this phrase. Danish television clipped together a montage showing Obama complimenting the leaders of Norway, Ireland, and the Philippines in exactly the same words, all for ”punching above their weight.” President Obama apparently has not used the expression about the British, despite the fact that he borrowed it from British Foreign Minister Douglas Hurd.
The conservative Danish newspaper Jyllands–Posten noted that Obama must really be pleased with the Danes, as he said the same thing to the previous Danish prime minister, Lars Løkke Rasmussen, during his state visit last year, sitting in the very same armchairs under the same picture of George Washington. Meanwhile, an editorial in the left-of-center newspaper Politiken grumbled that it was the unfortunate Danish desire to ”punch above their weight” that had gotten the Danes involved in the Iraq war and other American affairs. The newspaper advocated that Danes stick to their own bantam weight class in the future.
The real question might be, however, whether the United States under President Obama is punching below its weight, making the contributions of others seem all the greater. From premature military withdrawals from Iraq and Afghanistan to selling out U.S. missile defense to the Russians and mouthing mechanical blandishments to U.S. allies like the Danes, President Obama is squandering a great foreign policy legacy.
Helle C. Dale is Senior Fellow in Public Diplomacy at The Heritage Foundation—and a native of Denmark.
Posted in American Leadership
- The Danish Jon Stewart Schools Obama on Using the Same ‘Punch’ Lines with Every Ally (newsbusters.org)
- Punch Drunk: Danish Television Captures the President Delivering The Same Back-Handed Compliment To A Series Of “Little Countries” (jonathanturley.org)
- Danish TV Host Mocks Obama for His Rhetoric “Maybe the copy key got stuck on the presidential speechwriter’s keyboard.” (blogginghounds.wordpress.com)