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Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for 301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale amount will be paid at closing and subject to adjustments related to the net cash flow with investments for the delivery of Atlanta and Oliva generated between the effective date of 1 November 2023 and the transaction closing date. As part of the transaction, 75 million will be paid over the coming 60 days as a loan to be deducted from the amount paid at closing. The transaction also includes an option to sell a 20% stake in Atlanta Field B.V. (AFBV) for 65 million in 2024 upon agreement.
- North America (1.00)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Santos Basin > Block BS-4 > Atlanta Field > Marambaia Formation (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Campos Basin > Block BMโCโ36 > Tartaruga Verde Field (0.99)
- South America > Brazil > Rio de Janeiro > South Atlantic Ocean > Campos Basin > Block BMโCโ36 > Tartaruga Mestica Field (0.99)
- South America > Brazil > Brazil > South Atlantic Ocean > Santos Basin (0.99)
Earlier this year, GA Drilling and ZeroGeo Energy unveiled plans for a 12-MW geothermal power plant in Lower Saxony, Germany, named "Projekt Thermo." This partnership, formalized by a memorandum of understanding in February, aims to lead to a series of geothermal projects across Europe. ZeroGeo, a Swiss-based energy company founded in 2021, will be the project's operator having secured two geothermal exploration permits in Lower Saxony where it completed a geophysical campaign in early 2023. Notably, this campaign featured a 5000-kmยฒ aerial full tensor gravity gradiometry survey, marking its first application in Europe for geothermal prospecting. Projekt Thermo will be the first commercial project for ZeroGeo and its partner GA Drilling which will be debuting its "anchorbit" technology to provide enhanced drilling stability.
Exploiting the potential of sunlight, wind, and water not only provides a clean substitute for conventional energy but also unlocks opportunities for innovative technologies and methodologies. It becomes clear that the route to a more environmentally friendly future necessitates a shared commitment to adopting and progressing renewable energy solutions. Through ongoing research, advancements in technology, and widespread implementation, it is time to mark a transformative period for a cleaner and more environmentally conscious world.
The year has commenced with many value adding activities in the various Sections across Africa. I hope you are finding them useful and engaging. The organizers put a lot of effort to providing our members with a wide variety of content across the continent both in-person and virtual so that our members gain the full advantage of their SPE membership. March 8th was International Women's Day, and it was gratifying to see the different sections roll out targeted activities to celebrate with the Women of SPE! Most exciting was a collaborative event hosted by FOUR Sections: Ghana, Vienna, Warri and Maputo!
- Africa > Sub-Saharan Africa (0.40)
- Europe > Austria > Vienna (0.26)
- Africa > Mozambique > Maputo City > Maputo (0.26)
- Africa > Ghana (0.26)
This one day training course focuses on the repair of channels, voids and leaks in a cemented wellbore. Poor cement coverage and lack of zonal isolation in the casing-borehole annulus often leads to production of undesired fluids and reduced hydrocarbons production, disposal problems, reservoir pressure decline, loss of hydrocarbon reserves and other problems. Objective of the course is to evaluate and discuss various technologies used to repair wellbore communication paths due to wellbore aging that can develop allowing fluid to migrate from the high pressure downhole strata through leakage paths in the cement containment. Poor cement coverage and inadequate zonal isolation affects nearly every aspect of a well during its life. This course will give participants a better understanding of some critical well safety and integrity issues and methods to repair wells that have reliability issues, including sustained casing pressure (SCP).
This course examines methods for detecting fluid channels, voids and leaks, and how to repair them. It also covers the logging tools and technologies use to evaluate the integrity of the cement prior to initial completion or anytime during the life of the well. The first day of class is dedicated to evaluating cement and the second day to repairs. Poor cement coverage affects nearly every aspect of a well. This course will give you a better understanding of some critical well safety and integrity issues.
Effective Cementing Solutions for CCS Wells is a half-day Training Course that will focus on the challenges of completing and cementing Carbon Capture and Storage wells. For CCS wells, the design should start with the completion size required to achieve the desired CO2 injection rate. Dual containment is essential; the second barrier must not only be designed for the corrosive environment but the second barrier and its associated equipment must be periodically inspected or tested. The differences between CCS wells and conventional oil and gas wells require a different approach to well design. If CCS wells were to be designed using established methods for oil and gas, the wells might fail to maintain integrity to prevent undetected migration of stored CO2.