miercuri, 15 iunie 2011
ExxonMobil unveils recoverable resources of 700 MMboe in deepwater GOM discoveries
Exxon Mobil Corporation announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well.
“As one of the largest lease holders in the Gulf of Mexico with interests in over 370 leases, we are committed to the continued safe exploration and development of this important national resource”
The KC919-3 wildcat well confirmed the presence of a second oil accumulation in Keathley Canyon block 919. The well encountered more than 475 feet of net oil pay and a minor amount of gas in predominantly Pliocene high-quality sandstone reservoirs. The well, which is continuing to drill deeper, is located 250 miles southwest of New Orleans in approximately 7,000 feet of water.
Drilling in early 2010 encountered oil and natural gas at Hadrian North in KC919 and extending into KC918, with over 550 feet of net oil pay and a minor amount of gas in high-quality Pliocene and Upper Miocene sandstone reservoirs.
ExxonMobil encountered 200 feet of natural gas pay in Pliocene sandstone reservoirs at its Hadrian South prospect in Keathley Canyon block 964 during drilling in 2009.
“We estimate a recoverable resource of more than 700 million barrels of oil equivalent combined in our Keathley Canyon blocks,” said Steve Greenlee, president of ExxonMobil Exploration Company. "This is one of the largest discoveries in the Gulf of Mexico in the last decade. More than 85 percent of the resource is oil with additional upside potential."
“We plan to work with our joint venture partners and other lessees in the area to determine the best way to safely develop these resources as rapidly as possible,” Greenlee said.
ExxonMobil is the operator of KC918, KC919, KC963 and KC964 with 50 percent working interest. Eni Petroleum US LLC and Petrobras America Inc. each hold a 25 percent working interest in KC919, KC963 and KC964. Petrobras America Inc. holds a 50 percent working interest in KC918.
Over the past decade, ExxonMobil has drilled 36 deepwater wells in the Gulf of Mexico in water ranging from 4,000 feet to 8,700 feet.
"As one of the largest lease holders in the Gulf of Mexico with interests in over 370 leases, we are committed to the continued safe exploration and development of this important national resource," Greenlee said.
“As one of the largest lease holders in the Gulf of Mexico with interests in over 370 leases, we are committed to the continued safe exploration and development of this important national resource”
The KC919-3 wildcat well confirmed the presence of a second oil accumulation in Keathley Canyon block 919. The well encountered more than 475 feet of net oil pay and a minor amount of gas in predominantly Pliocene high-quality sandstone reservoirs. The well, which is continuing to drill deeper, is located 250 miles southwest of New Orleans in approximately 7,000 feet of water.
Drilling in early 2010 encountered oil and natural gas at Hadrian North in KC919 and extending into KC918, with over 550 feet of net oil pay and a minor amount of gas in high-quality Pliocene and Upper Miocene sandstone reservoirs.
ExxonMobil encountered 200 feet of natural gas pay in Pliocene sandstone reservoirs at its Hadrian South prospect in Keathley Canyon block 964 during drilling in 2009.
“We estimate a recoverable resource of more than 700 million barrels of oil equivalent combined in our Keathley Canyon blocks,” said Steve Greenlee, president of ExxonMobil Exploration Company. "This is one of the largest discoveries in the Gulf of Mexico in the last decade. More than 85 percent of the resource is oil with additional upside potential."
“We plan to work with our joint venture partners and other lessees in the area to determine the best way to safely develop these resources as rapidly as possible,” Greenlee said.
ExxonMobil is the operator of KC918, KC919, KC963 and KC964 with 50 percent working interest. Eni Petroleum US LLC and Petrobras America Inc. each hold a 25 percent working interest in KC919, KC963 and KC964. Petrobras America Inc. holds a 50 percent working interest in KC918.
Over the past decade, ExxonMobil has drilled 36 deepwater wells in the Gulf of Mexico in water ranging from 4,000 feet to 8,700 feet.
"As one of the largest lease holders in the Gulf of Mexico with interests in over 370 leases, we are committed to the continued safe exploration and development of this important national resource," Greenlee said.
marți, 10 mai 2011
Sonangol approves Cobalt's offshore Angola plans
Sonangol has approved Cobalt International Energy’s drilling plans for the Cameia-1 and Bicuar-1 pre-salt exploratory wells on Block 21 offshore Angola.
Given the proximity of the well locations, Cobalt plans to drill the surface hole of Bicuar-1, move the rig to Cameia-1 to drill and evaluate the prospect, then return to Bicuar-1 to drill the well to total depth. The operator anticipates that exploratory drilling will commence in second quarter 2012. Cameia is located in a water depth of 5,577 feet (1,700 meters) and Bicuar lies in 5,085 feet (1,550 meters).
Given the proximity of the well locations, Cobalt plans to drill the surface hole of Bicuar-1, move the rig to Cameia-1 to drill and evaluate the prospect, then return to Bicuar-1 to drill the well to total depth. The operator anticipates that exploratory drilling will commence in second quarter 2012. Cameia is located in a water depth of 5,577 feet (1,700 meters) and Bicuar lies in 5,085 feet (1,550 meters).
luni, 9 mai 2011
Treaty Energy selects Belize drilling locations
Treaty Energy Corp. on Tuesday issued substantial information on the Company's progress in Belize.
Andrew V. Reid, Treaty Energy's CEO, indicated, "The first of several items issued today is that Treaty Energy Corporation has engaged a law firm in Belize City, Belize, for the purpose of forming a Belizean corporation to be named Treaty Belize Energy, Ltd. All of our business activities in Belize will be handled through this wholly owned subsidiary. As of May 2nd Treaty was told by our Belizean law firm that all filings were done and we are waiting on the 'Certificate of Incorporation' which we expect from the registry promptly."
Reid also explained that Treaty has selected five 'AREAS' as the first of innumerable well sites and has identified the first eight drilling locations that are to be drilled on the land portion of the Princess/Treaty Concession.
• AREA #1: Elevation – 108'
• AREA #2: This very encouraging location is right off Monkey River Road, and shows promise for many wells. This location was staked with one well location approximately 20' back from the seal on the oil side. Due to lack of time on this formation further study will be done. The one well is expected to be 1200' deep to the top of the formation.The Company has been informed by the geoscience team identifying these drilling locations that we can expect multiple wells on this formation at about 600' intervals.
• AREA # 3: This third formation is located near the end of Monkey River Road. A well location has not been chosen on this location as of yet because it will require clearing certain areas to obtain access to specific drilling locations.j
• AREA # 4: This fourth formation was along Southern Highway toward Punta Gorda.The first well staked is close to Southern Highway inside a guarded area that will be easy to drill. The second well is located about 50' off a good dirt road.
• AREA #5: This fifth location is on Southern Highway in Medina Bank.
In conclusion, CEO Andrew Reid indicated, "We are now in the final process with regard to contracting a drilling company. We are currently evaluating a highly qualified company out of Guatemala City, but other companies are also being considered, some of which are based in the United States. It has been determined that an air drilling approach would be very successful in the areas that we will be exploring. Since air drilling can be faster and would likely create less contamination and/or damage to the oil bearing formations, all factors are being considered prior to issuing the contract for the first well."
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
Andrew V. Reid, Treaty Energy's CEO, indicated, "The first of several items issued today is that Treaty Energy Corporation has engaged a law firm in Belize City, Belize, for the purpose of forming a Belizean corporation to be named Treaty Belize Energy, Ltd. All of our business activities in Belize will be handled through this wholly owned subsidiary. As of May 2nd Treaty was told by our Belizean law firm that all filings were done and we are waiting on the 'Certificate of Incorporation' which we expect from the registry promptly."
Reid also explained that Treaty has selected five 'AREAS' as the first of innumerable well sites and has identified the first eight drilling locations that are to be drilled on the land portion of the Princess/Treaty Concession.
• AREA #1: Elevation – 108'
• AREA #2: This very encouraging location is right off Monkey River Road, and shows promise for many wells. This location was staked with one well location approximately 20' back from the seal on the oil side. Due to lack of time on this formation further study will be done. The one well is expected to be 1200' deep to the top of the formation.The Company has been informed by the geoscience team identifying these drilling locations that we can expect multiple wells on this formation at about 600' intervals.
• AREA # 3: This third formation is located near the end of Monkey River Road. A well location has not been chosen on this location as of yet because it will require clearing certain areas to obtain access to specific drilling locations.j
• AREA # 4: This fourth formation was along Southern Highway toward Punta Gorda.The first well staked is close to Southern Highway inside a guarded area that will be easy to drill. The second well is located about 50' off a good dirt road.
• AREA #5: This fifth location is on Southern Highway in Medina Bank.
In conclusion, CEO Andrew Reid indicated, "We are now in the final process with regard to contracting a drilling company. We are currently evaluating a highly qualified company out of Guatemala City, but other companies are also being considered, some of which are based in the United States. It has been determined that an air drilling approach would be very successful in the areas that we will be exploring. Since air drilling can be faster and would likely create less contamination and/or damage to the oil bearing formations, all factors are being considered prior to issuing the contract for the first well."
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
sâmbătă, 7 mai 2011
NPD to conduct seismic acquisition near Jan Mayen
The Norwegian Petroleum Directorate (NPD) will carry out acquisition of 2D seismic data in the waters around Jan Mayen this summer. The acquisition activity will start around June 10 and will last up to three months.
Last fall, the Norwegian government resolved that an impact assessment would be made of the maritime zones off Jan Mayen, with a view to future petroleum activity. The NPD's acquisition of seismic data is part of this impact assessment. Seismic data acquisition around Jan Mayen is also planned for next summer.
The data acquisition will take place using the vessel R.V. Harrier Explorer operated by PGS, and with the aid of PGS' Geostreamer technology. This is a new technology for seismic acquisition, characterized in part by the fact that the streamer, which in this case is eight kilometres long, is towed somewhat deeper in the water than is the case in conventional seismic acquisition. This means that the streamer can withstand higher waves, thus making the acquisition activity less dependent on weather and consequently more efficient.
Last fall, the Norwegian government resolved that an impact assessment would be made of the maritime zones off Jan Mayen, with a view to future petroleum activity. The NPD's acquisition of seismic data is part of this impact assessment. Seismic data acquisition around Jan Mayen is also planned for next summer.
The data acquisition will take place using the vessel R.V. Harrier Explorer operated by PGS, and with the aid of PGS' Geostreamer technology. This is a new technology for seismic acquisition, characterized in part by the fact that the streamer, which in this case is eight kilometres long, is towed somewhat deeper in the water than is the case in conventional seismic acquisition. This means that the streamer can withstand higher waves, thus making the acquisition activity less dependent on weather and consequently more efficient.
vineri, 6 mai 2011
Petrobras strikes oil in Campos basin's Albacora field
Petrobras has discovered a new oil accumulation in the Campos basin presalt through well 6-AB-119D-RJS. The well was drilled in the Albacora field.
Preliminary volume estimates indicate an economically recoverable volume potential of nearly 350 million barrels of good quality oil. Drilled in a water depth of 1,247 feet (380 meters) by the Ocean Concord, the well reached a total depth of 15,863 feet (4,835 meters). An oil column of 791 feet (241 meters) was found, of which 341 feet (104 meters) are from the carbonate reservoirs of the Macabu Formation, with a porosity of around 10%.
Preliminary volume estimates indicate an economically recoverable volume potential of nearly 350 million barrels of good quality oil. Drilled in a water depth of 1,247 feet (380 meters) by the Ocean Concord, the well reached a total depth of 15,863 feet (4,835 meters). An oil column of 791 feet (241 meters) was found, of which 341 feet (104 meters) are from the carbonate reservoirs of the Macabu Formation, with a porosity of around 10%.
joi, 5 mai 2011
Eni, Sonatrach partner to develop shale gas in Algeria
Eni and Sonatrach have signed a cooperation agreement for the development of unconventional oil, with particular focus on shale gas reinforcing the close relationship between the two companies.
With extensive experience in exploration and production of unconventional oil, Eni and Sonatrach will jointly implement activities to assess the technical and commercial feasibility of exploration and operational initiatives in shale gas.Based on previous assessments, Eni confirms the significant shale gas reserves in Algeria which Eni and Sonatrach wish to explore and develop. This will enable both companies to make important discoveries which will enhance the gas potential of the country.
Eni has been in Algeria since 1981. Eni's equity production is currently 75,000 barrels per day. In Algeria, Eni holds 24 licenses in production, 8 licenses under development and an ongoing exploration license.
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