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Recap: Worldwide Field Development News (Apr 20 – Apr 26, 2012)

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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.

Australia
MEO Renews WA-360-P Permit
Apr 24, 2012 – Permit WA-360-P was renewed for an additional five years, and MEO’s participating interest officially increased to 62.5 percent. MEO reported that early interpretation of 3D data has confirmed the presence of the Maxwell prospect.
Eni Preps to Drill Heron Well
Apr 24, 2012 – Eni is preparing to drill the new Heron well – Heron South-1 – in permit NT/P68. The ENSCO 109 (350′ ILC) jackup is scheduled to arrive between mid-July and mid-August. Heron is located in NT/P68 permit in the Bonaparte Basin offshore Australia.
Project Details: Heron
Origin Connects Accommodation, Controls Module to Yolla A Platform
Apr 23, 2012 – Origin advises that the Yolla Mid-Life Enhancement project has reached a major milestone with the successful lifting and connection of the new accommodation and controls module to the Yolla A platform in Bass Strait. The operator commented that the installation of the accommodation module and associated controls equipment paves the way for further critical work on the construction program. This will include the lifting into place of the compression and condensate pump modules in coming weeks, followed by commissioning works to complete Stage 1 of the MLE project. The joint venture is targeting to restart production from Yolla in July, with project commissioning and completion during September. Evaluation of the program for Stage 2 of the BassGas MLE project continues. This will include the drilling of the Yolla 5 and Yolla 6 development wells and is currently expected to be undertaken during the summer of 2013/2014.
Project Details: BassGas Project
Origin Spuds Thistle-1 Well Offshore Australia
Apr 20, 2012 – Origin Energy has spud the Thistle-1 exploration well using the Stena Clyde (mid-water semisub). The planned total depth of the well is 8,396 feet (2,559 meters). Thistle is located in permit VIC/P43, about 10 miles (16 kilometers) north-northwest of the Geographe gas field.
Project Details: Thistle
S. America – Brazil
OGX Strikes Again in Shallow Waters of Campos Basin
Apr 26, 2012 – OGX has identified the presence of hydrocarbons in carbonate reservoirs in the Albian section of well 1-OGX-79-RJS in Block BM-C-39 in the shallow waters of the Campos Basin. A hydrocarbon column of approximately 492 feet (150 meters) was encountered in carbonate reservoirs of the Albian section with about 210 feet (64 meters) of net pay. The drilling of well OGX-79, known as Itacoatiara, was concluded, reaching a final depth of 6,660 feet (2,030 meters). OGX said that this accumulation, Itacoatiara (OGX-79), expands the Waikiki Complex, and together with the Tubarao Martelo field and Pero and Inga accumulations. Drill stem tests will be conducted to obtain more information on this accumulation. The proximity of Itacoatiara accumulation to the other Waikiki Complex accumulations, a distance of about 2 miles (4 kilometers), facilitates their integration and development, in addition to accelerating the monetization of the discovered resources. The ENSCO 5004 (mid-water semisub) drilled the well in a water depth of 335 feet (102 meters).
Project Details: Itacoatiara
OGX Declares Waikiki Oil Field Commercial
Apr 25, 2012 – OGX has declared the Waikiki oil field commercial, making it the company’s first commercial declaration of an offshore oil discovery. The Waikiki field will be renamed Tubarao Martelo or Hammerhead Shark. The development plan for the oil field is being finalized and will be submitted to ANP soon. OGX estimates the field holds recoverable reserves of 285 million barrels of oil with production expected to start in the second half of 2013.
Project Details: Waikiki
OGX Places Order for Wellhead Platforms
Apr 20, 2012 – OGX has placed an order for the charter and construction of the Wellhead platforms 3 and 4, in addition to the already placed order for platforms 1 and 2 with Techint. WHPs 1 and 2 are scheduled for delivery in the first half of 2014 and are expected to be assigned to the Waimea and Waikiki fields offshore Brazil.
Africa – West
Hess Drills Hickory North Offshore Ghana
Apr 26, 2012 – Hess is currently drilling the Hickory North-1 well in the DWT/CTP license offshore Ghana. Results from this well are expected within the end of the second quarter of 2012. Hess operates the 518,921 acre (2,100 square kilometer) license with a 35 percent working interest. The Stena DrillMax (UDW drillship) is drilling the well.
Project Details: Hickory North
Statoil Enters Ghana Deepwater License
Apr 26, 2012 – Statoil has farmed into the Deepwater Tano/Cape Three Points license offshore Ghana, which is operated by Hess. Two wells have already been drilled in the DWT/CTP license with a third well, Hickory North-1, underway. Results from this well are expected within the end of second quarter of this year. Hess operates the 518,921 acre (2,100 square kilometer) license with a 90 percent working interest and carries Ghana National Petroleum Corporations (GNPC) costs through the exploration phase. Statoil will assume a 35 percent working interest in the license with Hess retaining a 55 percent working interest and GNPC holding the remaining 10 percent carried interest.
Project Details: Paradise
Afren Encounters Water-Bearing Reservoirs in Nunya
Apr 25, 2012 – Afren has encountered thick and high-quality water-bearing reservoirs in the Nunya-1x exploration well in the Keta block offshore Ghana. The objective of the well was to explore a large four-way dip closed Upper Cretaceous prospect. The well intersected 502 feet (153 meters) of very good quality sandstone reservoirs, however they were interpreted as water bearing. The well was drilled with the Transocean Marianas (DW semisub) to a total depth of 14,928 feet (4,550 meters) in a water depth of 5,535 feet (1,687 meters).
Project Details: Nunya
Europe – North Sea
Noreco Comes Up Dry at Eik
Apr 26, 2012 – Noreco has completed the drilling of wildcat well 7228/1-1 on the Eik prospect in the Norwegian sector of the North Sea. The well was drilled to a vertical depth of 5,486 feet (1,672 meters) in a water depth of 1,155 feet (352 meters). It was terminated in the Kobbe formation in Middle Triassic. The well’s primary exploration target was to prove petroleum in Jurassic and Triassic reservoir rocks (the Realgrunnen subgroup). The secondary exploration target was to prove petroleum in the Snadd and Kobbe formations of Late and Middle Triassic Age. The well encountered reservoir rocks with reservoir quality as expected in both exploration targets and with weak traces of petroleum in the main target. Data acquisition has been carried out, but all levels are water wet. The well is dry.
Project Details: Eik
EnQuest Increases its Stake in Kraken
Apr 26, 2012 – EnQuest has further increased its interest in the Kraken oil discovery to 60 percent. It is buying 15 percent of the project from venture partner First Oil, paying between $90 million and $144 million. Kraken is currently estimated to contain 167 million barrels of oil, following an independent assessment in March. EnQuest is now the operator and majority stakeholder in the oil field. Nautical has a 25 percent stake in the venture, while First Oil retains 15 percent.
Project Details: Kraken
RWE Successfully Appraises Zidane
Apr 26, 2012 – RWE Dea has found additional gas in the Zidane field in the Norwegian sector of the North Sea. The operator said the gas discovery increases the total value of the license with preliminary estimates of the size of the discovery ranging between 4 and 13 Bcm of recoverable gas. The well encountered gas in a 459 feet (140 meter) column in the Fangst group, and hydrocarbon-bearing rocks in the secondary objectives. The well was drilled to a total vertical depth of 14,875 feet (4,534 meters) below the sea surface and terminated in the Early Jurassic Tilje formation. Water depth of the site is 1,309 feet (399 meters). RWE Dea plans to analyze the well results and move into the next phase of field development.
Project Details: Zidane
Centrica to Drill in PL 477
Apr 25, 2012 – The Norwegian Petroleum Directorate has granted Centrica Resources a drilling permit for wellbore 6506/11-9 to be drilled by the West Alpha (mid-water semisub). The drilling program for wellbore 6506/11-9 S relates to the drilling of a wildcat well in Production License 477. This is the first well to be drilled in the license. Centrica Resources operates the license with a 40 percent stake; while Faroe holds 30 percent; and Suncor Energy holds 30 percent.
EnQuest to Appraise Kildrummy in 2012
Apr 25, 2012 – The Kildrummy discovery is estimated to contain 40 MMboe of original oil-in-place in excellent reservoir sands. EnQuest, the operator, plans to drill an appraisal well in 2012.
PSA Grants Wintershall Consent to Drill
Apr 25, 2012 – Wintershall has received consent to carry out exploratory drilling of well 33/6-4 with the Borgland Dolphin (mid-water semisub). Well 33/6-4 lies in Production License 370 in the northern part of the North Sea in a water depth of 1,076 feet (328 meters). Drilling operations are set to begin in mid-May and last about 46 days.
EnQuest Mulls Crawford Development Options
Apr 25, 2012 – EnQuest reported that it is evaluating development options for the Crawford field and expects to make a decision during 2012.
Project Details: Crawford
Premier Gets Govt Nod for Solan Development
Apr 25, 2012 – The Department of Energy and Climate Change has approved Premier’s Field Development Plan for the Solan field in the UK sector of the North Sea. The Premier-operated Solan field is expected to produce approximately 40 million barrels of oil with an estimated initial production rate of 24,000 bopd commencing in the fourth quarter of 2014. This is a significant project which will entail the drilling of four subsea wells (two producers and two water injectors) tied-back to a processing deck supported by a jacket. It is planned that the facilities will not be permanently manned after one year of operations. Oil will be stored in a subsea tank prior to being offloaded to shuttle tankers. Premier has entered into an agreement with Awilco Drilling for the provision of the WilPhoenix (mid-water semisub) for Solan drilling commencing in the second quarter of 2013. It is expected that the packages for the procurement and fabrication of the topsides and jacket will be awarded shortly to Burntisland Fabricators while the contract for the installation of the jacket, topsides and subsea tank has been awarded to Heerema.
Project Details: Solan
Buzzard Field Remains Shut-In
Apr 24, 2012 – Nexen’s Buzzard oil field remains shut-in after an incident that occurred on Saturday, April 21. The operator said repairs are on-going and production is expected to ramp up soon. A bearing failed Saturday morning on one of the gas compressors on the fourth platform.
Project Details: Buzzard
Islay Comes Online
Apr 24, 2012 – Total has commenced production at its Islay gas field in the Norwegian sector of the North Sea. Lying in a water depth of 395 feet (120 meters), the field has estimated reserves of nearly 17 million barrels of oil equivalent and has already reached its expected production of 15,000 boepd. Islay’s single well is tied-back to the Alwyn North platform via existing subsea infrastructure.
Project Details: Greater Alwyn
RWE Dea Finds Gas near Heidrun Field
Apr 24, 2012 – The Norwegian Petroleum Directorate reported that a gas discovery of up to 13 Bcm of recoverable gas has been made near the Heidrun field through well 6507/7-15 S in the Norwegian Sea. The primary exploration target for the well was to prove petroleum in Middle Jurassic reservoir rocks in the Fangst group. The secondary exploration target was to prove petroleum in reservoir rocks from the Early Cretaceous Age in the Lange formation and Early Jurassic Age in the Tilje formation. The well was not formation-tested, but extensive data acquisition and sampling have been carried out which will provide valuable information for future production of the gas discoveries in the production license. The West Alpha (MW semisub) performed the drilling operations in a water depth of 1,300 feet (399 meters). The well will now be permanently plugged and abandoned.
Project Details: Heidrun
Agora O&G Increases Tybalt Stake
Apr 24, 2012 – Valiant Petroleum has signed a farm-out agreement with Agora Oil and Gas for the Tybalt appraisal well in the UK sector of the North Sea. Agora will increase its interest in Tybalt to 40 percent in return for a partial cost carry. Valiant will remain as operator with a 60 percent interest.
Project Details: Tybalt
Aker Solutions Wins Svalin Umbilical Contract
Apr 23, 2012 – Subsea 7 awarded Aker Solutions a contract for the design and fabrication of a control umbilical for the Svalin C project in the Norwegian sector of the North Sea. The scope of work includes a four-mile-long (six-kilometer-long) control umbilical, connectors, engineering and project management. In December 2011, Statoil awarded Aker Solutions the contract for engineering, procurement and construction of the subsea production system for the Svalin project. The Svalin umbilical will be delivered in 2Q 2013. Svalin is a fast-track oil field project located in the middle part of the North Sea, about five miles (eight kilometers) southwest of the Grane field and 115 miles (185 kilometers) west of Haugesund. The water depth is approximately 394 feet (120 meters).
Penspen to Provide Detailed Design Services for Stella Development
Apr 23, 2012 – Penspen Group has been contracted to provide Detailed Design services to EPC Offshore Limited in support of Ithaca Energy’s Greater Stella Area development. The contract follows on from Penspen’s recent work for EPC Offshore on the FEED for the GSA Development. Under the terms of agreement, Penspen will provide Detailed Design services for the Phase 1 subsea structures and associated tie-in infrastructure, consisting of the Stella Main Drill Center manifold, northern drill center manifold, export riser base, oil and gas export tee assembles. Ithaca Energy has contracted EPC Offshore to provide project management of the subsea and pipelines elements of the development last year, which the company then contracted Penspen. The project is slated to commence production in 2014.
Project Details: Stella/Harrier
TAQA to Acquire Operatorship of Cladhan
Apr 20, 2012 – TAQA Bratani will acquire a 13.5 percent stake in the North Cladhan area from Sterling Resources for an initial consideration of $47 million including an allocation to tax allowances. The initial consideration will be satisfied in three installments: $22.3 million paid upon completion; $4.3 million paid on achievement of certain milestones expected in 2012; and the balance either as a carry of part of Sterling’s development expenditure in respect of Cladhan or, subject to satisfaction of certain conditions linked to project approval, in whole or in part (at Sterling’s election) in cash up to a maximum payment of $20.4 million. In addition, Sterling could receive a contingent consideration after first production linked to reserves upside up to a maximum additional payment of $10 million if proven plus probable reserves are certified in the range of 30 million barrels to 45 million barrels for 100 percent of the field. TAQA will assume operatorship on or shortly after approval of a final Field Development Plan expected for submission by 3Q 2012. Once this transaction is completed and approved, the new equity positions will be Sterling Resources (26.4 percent), TAQA (40.1 percent) and Wintershall (33.5 percent).
Project Details: Cladhan
S. America – Other & Carib.
Boders & Southern Find Gas in Darwin East
Apr 23, 2012 – Borders & Southern has made a gas discovery in the 61/17-1 well on the Darwin East prospect in the South Falkland Basin. The well, reaching a total depth of 16,000 feet (4,876 meters), encountered good hydrocarbon shows from 15,200 to 15,780 feet (4,633 to 4,810 meters). The main reservoir interval comprises good quality massive sandstone and is found to be 277 feet (84.5 meters) thick with net pay of 222 feet (67.8 meters). Fluid samples from the reservoir have been recovered and will be brought back to the UK for analysis. The operator will complete wireline logging operations, plug and abandon the well, then move the Leiv Eiriksson rig (DW semisub) on to the Stebbing prospect.
Project Details: Darwin East
Rockhopper Boosts Success Rates at Sea Lion
Apr 20, 2012 – Rockhopper Exploration has received a 90 percent chance of success in developing its Sea Lion field off the Falkland Islands, according to a report conducted by Gaffney, Cline & Associates. The report also gave other discoveries adjacent to Sea Lion, including Casper, Casper South and Beverly, a 75 percent chance of successful development. In its report, GCA gave a best estimate of gross contingent resources at Sea Lion and the adjacent discoveries of 385.9 million barrels, with 355.6 million barrels net to Rockhopper. The CPR also reports on a development concept for the Sea Lion field using an FPSO. The principal assumptions of the development concept include first oil occurring in 2016, with a plateau production rate of 70,000 barrels per day for the first three years of full production.
Project Details: Sea Lion
N. America – Canadian Atlantic
Kiewit-Kvaerner Contractors to Perform FEED on Hebron Development
Apr 25, 2012 – Kiewit-Kvaerner Contractors has been authorized by ExxonMobil Canada Properties to proceed with the Hebron Project gravity based structure (GBS) project in Newfoundland and Labrador, Canada. The authorization follows substantial completion of front-end engineering and design (FEED) services and awards the next phase, which includes detailed engineering, procurement and construction (EPC) related services.
Project Details: Hebron
Black Sea
TPAO Secures Rig for Istranca-1 Well
Apr 26, 2012 – TPAO, the national oil and gas company of Turkey, awarded GSP Jupiter a contract for offshore drilling services. The jackup will drill the Istranca-1 well, plus one optional well, on Block 3920 in the Turkish sector of the Black Sea.
Project Details: Istranca
Asia – Far East
Technip to Install Liwan Pipeline
Apr 23, 2012 – Technip received a pipeline installation contract for the Liwan 3-1 shallow water project in the China Sea. With a total length of 160 miles (260 kilometers), the pipeline will link the Liwan gas platform to China National Offshore Oil Corporation’s (CNOOC) Gaolan gas plant. Technip’s scope covers the shallow water portion of the development project. It includes the installation of 100 miles (160 kilometers) of a 30-inch export oil/gas two-phase pipeline from the Liwan gas platform to a water depth of approximately 230 feet (70 meters). The contract is scheduled for completion by the end of 2012.
Project Details: Liwan
CNOOC Hits HPHT Gas Discovery in South China Sea
Apr 20, 2012 – CNOOC Limited has made a gas discovery in Dongfang (DF) 13-2 in the high-temperature and high-pressure gas reservoir in Yinggehai, following the successful appraisal of the middle formation of the DF 13-1 gas field in 2010. The new discovery is located in the north of central sag in the Yinggehai Basin of Western South China Sea. The discovery well, DF13-2-1, encountered gas pay zones with total thickness of 115 feet (35 meters) in a water depth of 213 feet (65 meters) and a well depth of 10,394 feet (3,168 meters). During the test period, the well flowed at an average rate of 42.4 MMcf/d.
Project Details: Dongfang
Asia – SouthEast
Santos to Submit Peluang FID in 2012
Apr 25, 2012 – Santos Limited expects to submit a Final Investment Decision on the Peluang field in the Madura Offshore PSC in the second half of 2012 with production commencing in the second half of 2013. The Peluang field, holding about 45 Bcf, will be tied-back to the nearby Maleo field. The company currently produces 110 MMcf/d of natural gas from Maleo.
BG Group Begins Production at Greater Bongkot South
Apr 23, 2012 – BG Group has commenced production from the Greater Bongkot South field in the Gulf of Thailand, about 125 miles (200 kilometers) east of the city of Songkhola in southern Thailand. The development has new standalone facilities with processing capacity of 350 MMcf/d of gas and 15,000 barrels of condensate per day. BG said that once plateau production is achieved, Greater Bongkot South will deliver around 14,000 barrels of oil equivalent per day. Production is expected to reach plateau in the second quarter of 2012. Gas from the project is exported via a new-build spur line while condensate is exported to a floating, storage and offloading vessel at Bongkot North.

It Looks Like The Newest Country In The World Is Officially At War

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by Adam Taylor

The situation between South Sudan and Sudan over disputed oil fields has been on the verge of blowing up into a full scale war for weeks.

Today AP is reporting that South Sudan’s president has said that Sudan has now declared war on his country.

This could be a big deal, with other African nations and even Sudan’s Chinese allies at risk of getting involved.

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Read more: BI

Recap: Worldwide Field Development News (Mar 16 – Mar 22, 2012)

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This week the SubseaIQ team added 8 new projects and updated 32 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.

Africa – West
African Petroleum Secures Block Offshore Cote d’Ivoire
Mar 21, 2012 – African Petroleum has entered an agreement with Societe Nationale d’Operations Petrolieres de la Cote d’Ivoire (“PETROCI”) and the Republic of Cote d’Ivoire (the “State of Cote d’Ivoire”) to acquire exploration rights in offshore block CI-509. The permit is situated in the western offshore area of the Cote d’Ivoire, spanning 269,683 acres (1,091.37 square kilometers). African Petroleum will operate the block with a 90 percent stake, while the remaining 10 percent is owned by Petroci. The company expects to commence a 3D seismic program over Blocks CI-513 and CI-509 in mid-April 2012.
Ownership Change in License 20, Block 2714A
Mar 16, 2012 – Chariot Oil & Gas announced changes in equity ownership of its Southern Block 2714A resulting in Petrobras, the license operator, holding 30% interest; BP Exploration (Namibia) Limited acquiring an additional 20% equity making it the majority interest holder with 45%; and Enigma Oil & Gas Exploration (Chariot’s wholly-owned subsidiary) owning the remaining 25% interest in the license. The change in the equity ownership does not affect the current program for License 20, which contains the drill-ready prospect, Nimrod. As announced previously, the partnership plans to drill the exploration well Kabeljou-1 on the high-impact Nimrod prospect later this year.
Tullow to Further Explore Deepwater Tano License
Mar 16, 2012 – Tullow has identified several prospects in the Deepwater Tano license offshore Ghana. Three exploration wells are expected to be drilled on the block before 2013, which include: Wawa-1, Sapele-1 and Tweneboa Deep-1. Tullow said that Wawa-1 will target hydrocarbons which may have moved to a trap up-dip from the TEN oil and gas/condensate fields; Sapele-1, immediately south of the Jubilee field, will test a prospective turbidite lobe and Tweneboa Deep-1, is a material prospect below the TEN fields.
Project Details: Sapele (Ghana)
Tullow Finds Additional Pay in Enyenra Field
Mar 16, 2012 – Tullow Oil has successfully appraised the Enyenra-4A well in the Deepwater Tano License offshore Ghana. The well encountered oil in very good quality sandstone reservoirs. The company said that good evidence of communication with the Owo-1 discovery wells and the Enyenra appraisal wells confirm the extent of the Enyenra light oil field. Enyenra-4A, located 4.5 miles (7 kilometers) south west of Enyenra-2A and almost 13 miles (21 kilometers) south of the Enyenra-3A well, was drilled to define the southern extent of the field. Results of drilling, wireline logs, samples of reservoir fluids and pressure data show that Enyenra-4A has intersected 105 feet (32 meters) of net oil pay. Pressure data from the oil leg has demonstrated that the oil is in static communication with the oil seen in the other wells in the field, indicating a continuous oil column of approximately 1,970 feet (600 meters). The well will be suspended for later use. The Ocean Olympia (UDW drillship) drilled the well to a total depth of 13,695 feet (4,174 meters) in a water depth of 6,160 feet (1,878 meters).
Project Details: The Ten Cluster
Black Sea
Midia Resources Enters Muridava License Offshore Romania
Mar 22, 2012 – Melrose Resources has agreed to farm-out a portion of its equity in the EX-27 Muridava License, offshore Romania. The Romanian National Agency of Mineral Resources has formally approved the transfer of a 40 percent working interest in the block to Midia Resources, a wholly-owned subsidiary of Sterling Resources. Following completion of the transaction, Melrose will retain operatorship and a 40% stake in the concession, with the remaining equity held by Midia (40%) and Petromar Resources (20%).
Asia – SouthEast
Salamander Gears Up for Drilling in B8/38 License
Mar 22, 2012 – Salamander Energy has contracted the ENSCO 53 (350??? ILC) jackup to commence a four-well drilling program for License B8/38 offshore Thailand. The company will initially drill two development wells followed by exploratory drilling in May. The license houses the Bualuang oil field in 197 feet (60 meters) of water.
Project Details: Bualuang
Nido Updates Ops at Galoc Field
Mar 21, 2012 – Nido Petroleum announced that fabrication and installation of the turret mooring and riser system for Phase II of the Galoc field was progressing on schedule with production expected to resume at the end of 1Q 2012. Furthermore, the FEED for Phase II is being performed as planned and remains on track for FID in 2012.
Project Details: Galoc
S. America – Other & Carib.
Borders & Southern Encounter Rig Issues While Drilling Darwin East
Mar 16, 2012 – Borders & Southern reports that although drilling operations on Darwin East are going according to design, technical issues with equipment on the Leiv Eiriksson (UDW semisub) may result in another four to five weeks of activity on well 61/17-1. The operator said rig issues were resolved and drilling is progressing. Further announcements are anticipated once the well reaches total depth and wireline log interpretations are completed.
Project Details: Darwin East
Asia – South
Santos Finds More Gas at Sangu
Mar 16, 2012 – Santos has found a new gas reservoir through well Sangu-11 in the Sangu area with about 66 feet (20 meters) of good-quality gas pay. The well will be completed and tied into the Sangu facilities. The operator is continuing to assess the volumes and flow potential of the reservoir. After completing Sangu-11, the Seadrill jackup Offshore Resolute (350??? ILC) will be demobilized. Sangu-11 was the final well in a three-well drilling campaign in Block 16 PSC that commenced in September 2011. The first well, South Sangu-4, found gas in one target but was unable to add further reserves due to encountering anomalously high formation pressure, and had to be abandoned prior to reaching its primary objective. The second well, NE Sangu-1 drilled in December 2011, failed to encounter commercial hydrocarbons and was also abandoned.
Project Details: Sangu
Europe – North Sea
Premier Halts Fyne Development
Mar 22, 2012 – Premier Oil has decided to not move forward with developing the Greater Fyne area in the North Sea due to disappointing appraisal drilling results earlier this year. The operator said the development does not meet its commercial threshold. Fyne was slated to commence production in 2014.
Project Details: Fyne
Aker Solutions Scores FEED Study for Draupne Field
Mar 22, 2012 – Det norske awarded Aker Solutions a front-end, engineering and design contract for the Draupne field in the Norwegian sector of the North Sea. The study is slated for delivery in 4Q 2012. First production from the development is expected in 2015.
Project Details: Luno, Draupne Project
BP Gets Green Light to Drill North Uist
Mar 22, 2012 – The Department of Energy and Climate Change has granted BP permission to drill the deepwater North Uist oil well, northwest of the Shetland Islands. The well is situated in Block 213/25c in a water depth of 4,232 feet (1,290 meters).
Project Details: North Uist
Catcher Field to Come Online in 2015
Mar 20, 2012 – Nautical Petroleum, a partner in the Catcher field, expects production to commence from the development in 2015. The final field-development plan (FDP) for the discovery will be submitted before the end of this year. Catcher is estimated to hold 135 MMbbl of oil. The Catcher field is located in the Central North Sea Block 28/9 in a water depth of 299 feet (91 meters).
Project Details: Catcher
Valiant Spuds Cladhan South
Mar 20, 2012 – Valiant Petroleum has commenced drilling at the Cladhan South exploratory prospect, located in Block 210/29c in the UK sector of the North Sea. Cladhan South is an Upper Jurassic channelized sand play immediately to the south of the existing Cladhan discovery with gross prospective resources estimated internally by Valiant to be 13 MMboe. The well is being drilled by the Sedco 704 (mid-water semisub) and is anticipated to take 35 to 40 days to complete.
Project Details: Cladhan
EPC Offshore Scores Lancaster Gig
Mar 20, 2012 – EPC Offshore received a contract to select the optimum concept for the development of Hurricane’s Lancaster field in the UK sector of the North Sea. The first phase of the project is expected to run until the end of the year with FEED engineering commencing in 2013. The development is situated on Block 205/21a in 509 feet (155 meters).
Project Details: Lancaster
Valiant Petroleum Enters Norvarg License
Mar 20, 2012 – Rocksource has signed a strategic asset transaction with Valiant Petroleum for a stake in the Norvarg discovery. The transaction includes the sale of a 13-percent stake, leaving a 7 percent stake with Rocksource. The transaction remains subject to certain conditions, including Norwegian government approvals. Rocksource is a partner in the Norvarg license, which Total operates with a 40 percent stake.
Project Details: Norvarg
FMC to Supply Subsea Equipment for Fram H-Nord Development
Mar 20, 2012 – FMC Technologies has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The scope of work includes one subsea production tree, one manifold and one multiphase meter. Deliveries are expected to occur throughout 2013.
Project Details: Troll Area
Xcite Spuds 9/3b-7 Well on Bentley
Mar 18, 2012 – Xcite Energy announced that jackup Rowan Norway (400′ ILC) has spud the 9/3b-7 development well commencing Phase 1A of the first phase development of the Bentley Field.
Project Details: Bentley
Trap Oil Acquires 15% Interest In Athena
Mar 16, 2012 – Trap Oil will acquire a 15 percent working interest in the Athena oil field from Dyas UK Limited, subject to DECC and Dyas partners’ approvals. The effective date for the transaction is Jan. 1, 2012. Ithaca Energy is the operator and currently holds a 22.5 percent stake in the block. Following completion of the acquisition, the remaining equity holders will be Dyas, the largest equity holder with 32.5%, EWE Energie AG with 20% and Zeus Petroleum with the remaining 10%. The field will be developed via four existing production wells and one water-injection well tied to a stand-alone FPSO, the BW Athena vessel. The vessel is expected to arrive at the Athena location this month and, since the majority of the subsea elements for the field have already been installed, all of the production wells are ready for hook-up.
Project Details: Athena
Noreco Comes Up Dry in Luna
Mar 16, 2012 – Noreco is in the process of completing exploratory well Luna-1X in License 1/11 offshore Denmark. The well did not encounter hydrocarbons.
Project Details: Luna
S. America – Brazil
Petrobras Discovers Oil in Santos Basin
Mar 20, 2012 – Petrobras has made a discovery of a high-quality oil accumulation in Block BM-S-8 in the pre-salt area of the Santos Basin. The discovery was found during the drilling of well 4-SPS-86B (4-BRSA-971-SPS), unofficially known as Carcara, 144 miles (232 kilometers) off the coast of Sao Paulo State. Sampling confirmed the presence of oil at approximately 31 degree API in reservoirs 18,865 feet (5,750 meters) deep. The well continues to be drilled with the aim of determining the lower limit of reservoirs and to identify other possible zones of interest. Carcara is the third well drilled in the area of the Discovery Evaluation Plan of 1-BRSA-532A-SPS (Bem-te-vi prospect), and is 12.43 miles (20 kilometers) from the discovery well at a water depth of 6,650 feet (2,027 meters).
OGX Acquires Additional Stake, Reins of Campos Basin Blocks
Mar 20, 2012 – OGX has acquired an additional 20 percent stake in Blocks BM-C-37 and BM-C-38 in the shallow waters of the Campos Basin, from partner Maersk Oil. OGX will now assume operatorship of these blocks. With this acquisition, OGX plans to use its current operational structure to drill six wells in blocks BM-C-37 and BM-C-38, in order to confirm the extension of discovered accumulations and test the existence of new prospects in the area. OGX will conduct all necessary studies and tests aiming to convert its resources into reserves.
Project Details: Carambola
Other
Cairn Processing 3D Seismic Data Offshore Greenland
Mar 20, 2012 – Cairn Energy said that a number of play types have been identified on the Pitu block, which is geologically separate from other parts of West Greenland. The extensive shallow coring program undertaken by Cairn across the block in 2011 confirms the presence of micro oil seeps above structural closures already identified. All of the exploration evidence acquired to date points to the Baffin Bay Basin being oil generative and having multi-billion barrel potential. The 3D seismic acquired over Pitu in 1H 2011 is currently being processed, with final results expected in May/June 2012. Subject to the final interpretation of those results, exploration wells will be planned for the Pitu prospects.
Australia
Woodside’s Pluto LNG Ready for Start Up
Mar 22, 2012 – Woodside’s Pluto LNG project has reached ready for start-up and first gas has entered the processing train. First production of LNG will take place in the coming weeks, followed by deliveries to foundation customers and project participants Kansai Electric and Tokyo Gas. The initial phase of the Pluto LNG project comprises an offshore platform in 279 feet (85 meters) of water, connected to five subsea wells on the Pluto gas field. Gas will be piped through a 112-mile (180-kilometer) trunkline to an onshore facility.
Project Details: Pluto
Woodside Ramps Up Vincent Production with Infill Wells
Mar 21, 2012 – Woodside reported that the Vincent field has produced roughly 27 MMbbl of oil since start-up in 2008, with 2011 production around 8.5 MMbbl. In September 2011, the company boosted Vincent???s overall production rate with two infill wells (VNB-H5 and VNB-H6) coming online. This resulted in the Ngujima-Yin FPSO achieving its highest production rate of almost 53,000 bopd. Woodside will complete a third infill well at Vincent, VNB-H7, and bring it online in 1H 2012.
Project Details: Vincent
Santos Disconnects Mutineer-Exeter’s FPSO to Avoid Tropical Storm
Mar 16, 2012 – Santos has shut-down production at its Mutineer-Exeter oil field due to the approaching Severe Tropical Cyclone Lua. Mutineer-Exeter’s floating production storage and offloading vessel was disconnected March 15 and has been sailing to avoid the cyclone since then, a Santos spokesman said in a statement.
Project Details: Fletcher/Finucane
NZOG to Acquire a Stake in the Kaheru Permit
Mar 16, 2012 – New Zealand Oil & Gas signed a conditional agreement to acquire a 15 percent stake in the Kaheru permit (Petroleum Exploration Permit 52181) off the Taranaki coast. The interest acquired is from AGL Upstream Gas (MOS), a wholly owned subsidiary of AGL Energy Ltd. The other partners in the permit are ROC Oil (50% and Operator), TAG Oil (20%) and L&M Energy (15%). NZOG will pay $3 million for AGL’s stake, conditional on the joint venture making a commitment to drill a well (and on joint venture and Crown approval of the transfer of ownership from AGL to NZOG). The permit, which houses the Kaheru prospect, currently has a drilling commitment deadline of May 18, 2012, with a well scheduled to be drilled by May 18, 2013. The Kaheru prospect lies in 82 feet (25 meters) of water, and is 5 miles (8 kilometers) from shore.
Project Details: Kaheru
INPEX Grabs Prelude Interest
Mar 16, 2012 – INPEX has agreed to acquire a 17.5 percent participating interest in the Prelude FLNG project from Shell. This transaction is pending necessary governmental approval. The Prelude FLNG project is located in WA-44-L, approximately 295 miles (475 kilometers) north-northeast of Broome, off the coast of Western Australia. The project includes the Prelude and Concerto gas fields. These fields will be developed utilizing a FLNG facility and will produce at least 3.6 million tonnes per annum of LNG, along with 0.4 million tonnes per annum of liquefied petroleum gas and approximately 36,000 bopd of condensate at peak.
Project Details: Prelude
Asia – Far East
Roc Oil to Commence Beibu Gulf Proj. Development
Mar 21, 2012 – The Chinese Government’s State Oceanic Administration has approved the Environmental Impact Assessment for the Beibu Gulf project, which compromises the development of the WZ 6-12 and WZ 12-8 west oil fields located in the South China Sea. This approval allows the company to commence offshore development activities on the project. Subject to final approval, onshore fabrication activities are ongoing and offshore pipeline installation is anticipated to commence during March. On completion of platform installation during 1H 2012, drilling activity is expected to start mid-year and will include four exploration/appraisal wells, which will be followed by the development drilling program. The operator anticipates first oil production from the Beibu Gulf project by the end of 2012 with full-field peak production anticipated by 2013.
Project Details: Beibu Gulf Project

 

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Grid Petroleum Corp. — Announces Joint Venture Development Agreement for New Area of Interest

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DENVER, Feb. 21, 2012 /PRNewswire/ — Grid Petroleum Corp. (OTCBB: GRPR) The Board of Directors are pleased to announce that Grid Petroleum has entered into a Joint Venture Development Agreement with a private holding company, to develop a Mutual Area of Interest in the Northwest Premont Field in Jim Wells County Texas. The Field covers 4,500 acres and is part of the Gulf Coast Trend in South Texas.

Reserves are estimated to contain over 20 million barrels of oil (bbls) and 20 billion cubic feet (bcf) of natural gas from as many as 15 potentially productive zones per well. The initial phase of the Development Agreement outlines the drilling and completion of 20 new wells and the re-entry of 8 additional previously drilled and completed shut-in wells.

The company had previously announced negotiations to purchase the private holding company, however it has been determined a Joint Venture Development Agreement will serve the company and its shareholders more beneficially in the near term.

Grid Petroleum will begin participation with the second well to be drilled under the Joint Venture Development Agreement at a level of 10% for an investment of $152,000.

Grid has the opportunity to make the Companies first investment into the Joint Venture after the results of the first well-drilled and completed are available for analysis, greatly reducing the risk of the investment by Grid Petroleum into the entire field.

The purpose of the development of the Northwest Premont Field is to create value and income by re-entering certain wells, which have been tested and have proven oil and gas producing zones, and the drilling of strategically located wells containing multiple zone production in a manner that produces high rates of stable production; proving the reserves of the underlying pay zones for further development of the field through production.

To date the fields operator has re-entered two wells, the Guerra #2 and the Garcia #2. The Guerra #2 was drilled to 4,000 feet and tested positively for oil and gas in 12 potentially productive sand zones encountering 118 net feet of pay.

AP Yang, Petroleum Engineers of Houston Texas ran 45 days of open flow tests to draw down the pressure of each of the productive zones in the well. The absolute open flow rate calculations indicated the lobe flow of the Laughlin oil sand deposit tested at 15,541,000 cubic feet gas per day. The upper lobe flow tested at 5,063,000 cubic feet peer day. The combined total of 20,604,000 cubic feet per day from 16 feet of net pay zone for this one well with multiple pay zones.

Preliminary Reserves Estimates for the Guerra #2 are 100,000 to 150,000 Barrels of oil and 1.5 Billion Cubic Feet to 2.5 Billion Cubic Feet of natural gas.

The second re entry well the Garcia #2 is co-mingling two gas zones with production averaging 1.0 million cubic feet of gas per day. An Oil zone is also producing an average of 39 barrels of oil per day. Reserve estimates for the Garcia #2 will have similar potential production levels as the Guerra #2.

The current price of gas ranges between $2.75 and $3.00 per mcf.

20 million cubic feet per day of gas production represents a potential gross of $60,000.00 per day.

Grid Petroleum Corp is a development stage company focused on the acquisition and development of low cost high reward oil and gas prospects with infield drilling for proven potential reserves in the United States and Canada.

The company anticipates the initiation of a development plan with its joint venture partners for the purpose of establishing suitable drill sites for the Kreyenhagen Trend leases.

Upon completion the company will have established a time line for the development of its significant Oil and Gas assets.

www.gridpetroleum.com

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