This week the SubseaIQ team added 1 new projects and updated 8 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.
Sep 25, 2012 – The Israeli Foreign Ministry released a report Sunday regarding new developments that concern the future of the Gaza Marine gas field. Gaza Marine is located roughly 18 miles off the coast of the Gaza Strip. BG, with a 90% interest, is the field operator and estimates reserves of around 1 Tcf. Due to Israeli-Palestinian relations, development of the field has been on hold since two appraisal wells were drilled in 2000. The recent report indicates that Israeli and PLA officials have opened a meaningful dialogue in an effort to come to an agreement on a mutually beneficial development plan.
Project Details: Gaza Marine
S. America – Other & Carib.
Sep 25, 2012 – BPZ Energy’s CX-15 platform has been delivered and anchored on location at the West Corvina field. The buoyant tower and topside arrived in Peru via heavy lift vessel September 5. At this point, the tower has been ballasted down and the topsides mated to the hull. Final weld out and hook up of facilities is being completed, after which the Petrex-28 platform rig will be brought on board and assembled. The first well is expected to spud in late October.
Project Details: Corvina
Africa – West
BW Extends FPSO Contract with CNR
Sep 26, 2012 – BW Offshore announced a contract extension with CNR International (C??te d’Ivoire) SARL for the lease and operation of the FPSO Espoir Ivoirien. The firm period of the 4 year extension will carry the contract to 2Q 2017. In addition, the option period has been adjusted and could allow CNR to lease the vessel through 2Q 2036. The total contract value (including options) is $925 million, which is up from the previous contract of $250 million.
Maersk Oil Sees More Success Offshore Angola
Sep 24, 2012 – The deep waters of Block 16, offshore Angola, continue to be good to Maersk Oil and its partners. A recent production test of the Caporolo-1 exploration well flowed a maximum of 3,000 bopd on a 36/64″ choke. Caporolo-1 was drilled to 18,070 feet into a structure adjacent to, but separate from, the nearby Chissonga discovery. Drilling was done by the Ensco 5001 (DW semisub) in 4,567 feet of water. Comments from Maersk Oil indicate that further exploration and appraisal will be needed to determine if the discovery is able to be developed.
S. America – Brazil
Anadarko Cedes Interest in Brazilian Block
Sep 27, 2012 – Anadarko announced it ceded its 30% stake in Brazilian block ES-M-661, part of the BM-ES-24 concession, to operator Petrobras who now maintains a 70% interest. The company relinquished its interest in the block 6 months ago but the transaction received the Brazilian National Petroleum Agency’s approval just recently. Petrobras announced in July that the Grana Padano well, located in ES-M-661, was a heavy oil discovery. Anadarko still maintains its interest in two other blocks in the concession.
Sep 27, 2012 – Drilling at Vanco’s Canario prospect is underway. Canario is located in block BM-S-63 and is being drilled by Transocean‘s GSF Arctic 1 (mid-water semisub). The primary target is post-salt turbiditic sands of the Middle Itajai-Acu formation and is expected to be intersected at 10,498 feet. Secondary sandstones in the Upper Jureia formation are being sought as a secondary objective. Total depth for the well is projected to be 15,748 feet. Drilling is expected to take 2 ??? 3 months, at which point the rig will mobilize to the Jandaia prospect in block BM-S-71.
Project Details: Canario
Sep 27, 2012 – Logging is currently being completed and preparations are being made to begin production testing at the Boreas-1 exploration well in Browse Basin, according to Karoon Gas Australia. To this point, interpretation of the data gathered from the well indicates the presence of net pay gas sands exhibiting good reservoir properties. The Transocean Legend (mid-water semisub) is being used to carry out the exploration drilling program which calls for a minimum of 5 wells to be drilled in the area.
Project Details: Boreas
Sep 26, 2012 – New Zealand Oil & Gas said it will drill a well at its Kakapo prospect when a suitable rig can be negotiated. Kakapo is located in Permit 51311 about 25 miles off the South Taranaki coast of New Zealand. NZOG was awarded the permit in 2009 and, based on terms, had to either relinquish the permit this week or keep it and commit to drill. As operator, NZOG has a farm-out agreement with Raisama Energy, whereby Raisama will earn a 10% stake in the permit by carrying 20% of the costs for the first well – not to exceed $3 million. A timetable for the first well is expected to be confirmed within the next 6 months.
Project Details: Kakapo
Europe – North Sea
Sep 24, 2012 – Noreco announced the start of drilling operations at the Romeo prospect in the UK North Sea. The exploration well is located in block 30/11c of license P1666. Romeo is a fault bound dip closure in a proven Upper Jurassic play. Primary risk to success is considered to be the trap geometry in the formation. Suncor, as operator of the license, has engaged the WilHunter (mid-water semisub) to provide drilling services. Downhole conditions are expected to be borderline HPHT so the well will be drilled as such.
Project Details: Romeo
- Worldwide Field Development News Sep 14 – Sep 20, 2012 (mb50.wordpress.com)
- Recap: Worldwide Field Development News Jul 27 – Aug 2, 2012 (mb50.wordpress.com)