|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field.
Anyone selling something new for offshore exploration and production has to be able to answer a simple question from customers, “How can we save some money?” For Norwegian oil companies, change is coming in many forms: steel, sensors, software, and standards. A panel discussion at the 2016 OTC in Houston focused on the factors that influence deepwater developments, the scenario for the future, and the opportunities available within the industry. One key question asked was: What oil price is required to keep deepwater viable over the long term? Representatives from various national oil companies, multinational operators, service companies, and fabricators discuss the roles individual countries in the Asia Pacific region will play in the global oil market and the overall development of the region.
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
Africa (Sub-Sahara) Namibia's Ministry of Mines and Energy approved a 1-year extension to its offshore license covering Block 2714A to Chariot Oil & Gas. The extension will allow for the completion of its analysis of the drilling results of the Kabeljou-1 exploration well. Petrobras (30%) is the operator in partnership with Chariot (25%) and BP (45). Asia Pacific The Basset West-1 well encountered 25 ft of gas pay in Jurassic sandstones on the Browse basin offshore Western Australia. The well was drilled to a total depth of 5240 m. Total E&P Australia (50%) is the operator in partnership with Santos (30%) and Murphy Oil (20%). Australia's government awarded 13 new offshore petroleum exploration permits after receiving 23 bids for 15 blocks. A total of USD 172 million will be spent exploring the areas, which are located offshore Western Australia and Tasmania, over the initial 3 years of the permit terms.
Africa (Sub-Sahara) Oil was discovered at the Ekales-1 wildcat well located in northern Kenya. The well has a potential net oil pay in the Auwerwer and Upper Lokone sandstone reservoirs of between 197 ft and 322 ft. Tullow (50%) is the operator in partnership with Africa Oil (50%). Drillstem tests on the Pweza-3 well offshore Tanzania flowed at a maximum rate of 67 MMscf/D of gas. The tests confirmed the excellent properties of the Tertiary-section reservoir. BG Group (60%) is the operator in partnership with Ophir Energy (40%). Asia Pacific China National Offshore Oil Corporation issued a tender to invite foreign firms to bid for oil and gas blocks in the east and south China Sea. Twenty-five offshore blocks will be offered, including 17 in the South China Sea, three in the East China Sea, and five in the Yellow and Bohai seas.
Africa (Sub-Sahara) An 816-mile 2D seismic acquisition program was completed on the Ampasindava block, located in the Majunga deepwater basin offshore northwest Madagascar. The data will provide improved subsurface imaging of the large Sifaka prospect and will potentially mature additional prospects in the Ampasindava block to drill-ready status. Sterling Energy (UK) holds a 30% interest in the Ampasindava production sharing contract, which is operated by ExxonMobil Exploration and Production (Northern Madagascar) (70%). Asia Pacific Production began on the Liuhua 19-5 gas field in the Pearl River Mouth basin in the South China Sea. The field is expected to hit peak production of 29 MMcf/D this year. China National Offshore Oil Corporation (100%) is the operator. Drilling began on the YNG 3264 and the CHK 1177 development wells onshore in Myanmar.
Africa (Sub-Sahara) A drillstem test was performed on the Zafarani-2 well--located about 80 km offshore southern Tanzania. Two separate intervals were tested, and the well flowed at a maximum of 66 MMscf/D of gas. Statoil (65%) is the operator, on behalf of Tanzania Petroleum Development Corporation, with partner ExxonMobil Exploration and Production Tanzania (35%). The FA-1 well--located in 600 m of water in the Foum Assaka license area offshore Morocco--was spudded. The well targets Eagle prospect Lower Cretaceous resources. Target depth is 4000 m. Kosmos Energy (29.9%) is the operator, with partners BP (26.4%),
Africa (Sub-Sahara) Sonangol's deepwater Orca-1 well encountered oil in the presalt layer of Block 20/11 in the Cuanza basin offshore Angola. The well reached a measured depth of 12,703 ft. Initial well tests saw flow rates of 16.3 MMcm/D of gas and 3,700 BOPD. Cobalt International Energy (40%) is the operator, with partners Sonangol Research and Production (30%) and BP Exploration Angola (30%). Asia Pacific Premier Oil's Kuda Laut-1 well in Indonesia's Tuna production sharing contract has encountered 183 net ft of oil-bearing reservoir and 327 net ft of gas-bearing reservoir. Following evaluation operations, the well will be sidetracked to drill the Singa Laut prospect in an adjacent fault block. Premier is the operator (65%), with partner Mitsui Oil Exploration Company (35%).