Infield Rigs News

23 Dec 2008

Keppel AmFELS delivers jackup rig to Atwood Oceanics

Keppel AmFELS Inc., the wholly-owned subsidiary of Keppel Offshore & Marine Limited in the Gulf of Mexico, has delivered a newbuild jackup rig to Atwood Oceanics Pacific Limited (AOPL). The rig was christened Atwood Aurora by Ms. Deborah Beck, Corporate Executive Director of Atwood Oceanics, Inc. (the parent company of AOPL), at a ceremony on 6 December 2008. .... [+ read more] Atwood Aurora has been awarded a contract by RWE Dea Nile GmbH ("RWE") for work offshore Egypt for two years with two separate options to extend the term to three years. Built to the LeTourneau Super 116E design with leg lengths of 477 feet that can be upgraded to 511 feet, the unit is capable of drilling wells up to 30,000 feet deep in water depths of 350 feet.

6 Dec 2008

Keppel FELS completes Jindal’s 2nd jackup ahead of schedule and incident-free

Keppel FELS Limited (Keppel FELS) is set to deliver a jackup rig ahead of schedule to Virtue Drilling, an associate company of India’s Jindal Drilling & Industries (Jindal). Named in the presence of Guest-of-Honour, Dr Lee Boon Yang, Singapore’s Minister for Information, Communications and the Arts, the jackup rig VIRTUE I, has also achieved a clean safety record of about .... [+ read more] 2.1 million manhours worked without incidents. VIRTUE I is the second jackup rig Keppel FELS has completed for Jindal and has been contracted by India’s Oil and Natural Gas Corporation (ONGC) in the Indian Ocean for a period of five years. The first rig, DISCOVERY I was delivered in September this year, 49 days ahead of schedule and without incidents.

5 Dec 2008

Nucula discovery in the Barents Sea delineated

StatoilHydro has completed the drilling of an exploration well on the Nucula discovery, which is located around 110 kilometres east-northeast of the Goliat discovery in the Barents Sea. The purpose of exploration well 7125/4-2 in the StatoilHydro-operated production licence 393 was to delineate the Nucula oil and gas discovery from early 2007, and to explore another segment of the structure. .... [+ read more] The well confirmed a small oil column in sandstone of the Triassic age. The oil-bearing layers were thin, but showed good production properties. It is too early to reach a conclusion on the size of Nucula. Preliminary calculations would suggest that the resource basis lies in the lower region of the original estimation which was 6-12 million standard cubic metres of oil equivalent. "We will now evaluate the size of the find and further development opportunities for Nucula," says StatoilHydro's head of exploration activities in the far north, Geir Richardsen. The exploration well was not formation tested, but data has been gathered to be able to evaluate the size and extent of the find. The well was concluded in early Triassic rocks at a vertical depth of 1,727 metres below sea level. Water depth at the location was 294 metres. The well has been permanently plugged and abandoned. This is the second well in production licence 393, which was awarded in the 19th licensing round in 2006. The partners in the Nucula licence are: StatoilHydro (operator) (30%), ENI Norge (30%), BG Norge AS (20%) and Petoro (20%). The drilling was carried out by the semi-submersible Polar Pioneer drilling rig, which is moving to production licence 228 to drill delineation well 7223/5-1 (Obesum 2) operated by StatoilHydro.

3 Dec 2008

Delineation of North Sea oil and gas discovery

StatoilHydro has completed the drilling of an appraisal well on the Pan/Pandora gas/oil discovery south of the Visund field in the North Sea. The purpose of well 34/8-14 A was to delineate the 34/8-14 S Pan/Pandora discovery in the northern segment of this structure. "The area south of Visund has a considerable remaining resource potential, and we are very pleased .... [+ read more] that the expectations as to the northern extension of the discovery now have been confirmed," says the head of infrastructure-led exploration west, May-Liss Hauknes. The well confirmed the existence of a 53-metre gas column over an eight-metre oil column in the Brent group. Extensive data acquisition and sampling have been conducted. StatoilHydro will drill a sidetrack from this appraisal well. Well 34/8-14 C will be drilled in the lower flank of the same segment. The sidetrack is designed to determine the oil/water contact and contribute to more accurate evaluations of the Pan/Pandora resource potential. This is the 14th exploration well in production licence 120, which was awarded in 1985. The appraisal well was drilled to a vertical depth of 3,044 metres below the sea level and completed in the Drake formation in Lower Jurassic reservoir rocks. Drilled in 292 metres of water the well will now be permanently plugged and abandoned. The drilling was performed by the Borgland Dolphin drilling rig, which will now drill the 34/8-14 C sidetrack as part of PL 120 operations. The partners in production licences 120 and 120B are: StatoilHydro (operator) (59.06 percent), Petoro (16.94 percent), ConocoPhillips (13 percent) and Total (11 percent).

20 Nov 2008

Small additional gas discovery in the Norwegian Sea

StatoilHydro has made a small additional gas discovery during drilling of an exploration well north-west of Sandnessjøen in mid-Norway. As operator of production licence 218 StatoilHydro is currently concluding the drilling of exploration well 6707/10-2 A. The well has been drilled south-east of the Luva gas discovery, 280 kilometres north-west of Sandnessjøen. The purpose of the well was to confirm .... [+ read more] petroleum in Upper Cretaceous reservoir rock. The well was a planned sidetrack to a deeper prospect following the confirmation of 8–14 billion cubic metres (Sm3) of gas during drilling of well 6707/10-2 S in October 2008 in a prospect called Haklang. The well confirmed a 38 metre gas column in the lower part of the Nise formation. The confirmed resources are small, and it is too early to say whether the discovery is commercially viable when seen in connection with a possible field development of Haklang and the nearby Luva and Snefrid South finds. ”This year we have drilled three exploration wells in the vicinity of Luva and gas has been found in all wells,” says Frode Fasteland, who is StatoilHydro’s head of exploration in the Norwegian Sea. ”This well confirmed a new exploration model, and even if the find is small it offers exciting opportunities for further exploration in this part of the Norwegian Sea,” says Mr Fasteland. This is the fourth exploration well in production licence 218, which was awarded in the 15th licensing round in 1996. The well was drilled to a vertical depth of 4,325 metres below sea level and concluded in lower parts of the Nise formation in Upper Cretaceous rock. The water depth in the area is 1,248 metres. The well was drilled by the Transocean Leader drilling rig, which is now drilling exploration well 6605/1-1 in production licence 328 operated by StatoilHydro. The partners in production licence 218 are: StatoilHydro ASA (operator) (75%), ExxonMobil Exploration & Production Norway AS (15%) and ConocoPhillips Skandinavia AS (10%).

14 Nov 2008

Well spudding on Fulla

Drilling operations at the Fulla Field started 12 November. The field is operated by StatoilHydro, and Det norske has a 15 percent interest in the license. Fulla is located in licenses 035 and 362, and the drilling operations are carried out by the semi-submersible rig West Alpha. The recoverable volumes are estimated at 63 MBOE (P50), while Det norske`s share is .... [+ read more] 11 MBOE. Oil, gas, and condensate are expected.The drilling operation is expected to last about 80 days. The water depth on Fulla is 114 meters. The nearest installation is Heimdal, located 36 kilometers away. The well, 30/11-7, has a reservoir of late Jurassic age in the Brent formation.

31 Oct 2008

New discovery in the Barents Sea

StatoilHydro has confirmed the presence of hydrocarbons in an exploration well in the Caurus prospect in the Barents Sea, 160 kilometres north-northwest of Hammerfest in North Norway. The well was drilled in block 7222/11 in production licence 228. The purpose of the well was to confirm hydrocarbons in sandstone of middle and late Triassic age. The drilling in Caurus was .... [+ read more] carried out by the Polar Pioneer drilling rig at a water depth of 356 metres. Polar Pioneer will now start drilling appraisal well 7125/4-2 in the StatoilHydro operated production licence 393. Exploration well7222/11-1 S was drilled to a total depth of 2825 metres below sea level and was concluded in rocks of early Triassic age. The well is now being temporarily plugged and abandoned. Production licence 228 was awarded in the Barents Sea project in 1997, when Saga Petroleum ASA was operator. Well 7222/11-1 (Caurus) is the second exploration well in the licence. The first exploration well, 7222/6-1, was drilled in January-February 2008 and confirmed hydrocarbons in the Obesum structure in the far northern part of the licence. Another exploration well in the licence has been scheduled, which will be a delineation of the Obesum discovery scheduled for start-up in December 2008.

23 Oct 2008

Possible tie-back of Noatun to Njord

Recoverable reserves of the Noatun discovery have been estimated to be between five and eight million standard cubic metres of oil equivalent following the drilling of an appraisal well. A tie-back to the Njord field is being considered. In September gas and condensate were confirmed at Noatun, which lies 16 kilometres north of the Njord field in the Norwegian Sea. StatoilHydro .... [+ read more] is currently concluding the drilling of a sidetrack well from the original well. The purpose of the well was to confirm the size of a gas/condensate discovery in reservoir rocks of middle to lower Jurassic age. The data gathered in connection with the sidetrack drilling have confirmed recoverable volumes of between five and eight million standard cubic metres of oil equivalent according to a preliminary estimate. The well was drilled to a vertical depth of 5050 metres below sea level and was completed in the lower Jurassic Åre formation. ”The Noatun find proves that it is still possible to make considerable finds in established exploration models in this area, also at water depths of up to 5000 metres,” says Sivert Jørgenvåg, head of exploration activities close to existing fields on the Halten Bank. ”It is encouraging that we make discoveries which can prolong the lifetime of the Njord field.” The well was drilled by the semi-submersible West Alpha drilling rig, which is proceeding to the North Sea to drill the Fulla prospect.

17 Oct 2008

Keppel FELS delivers fourth Sinvest jackup drilling rig on time

Keppel FELS Limited (Keppel FELS) has delivered the jackup drilling rig, Deep Driller 6, to Sinvest AS (Sinvest), a subsidiary of Aban Singapore Pte Ltd (ASPL) on time and within budget. Deep Driller 6 is the fourth unit to be delivered in a series of five KFELS Super B Class rigs built for Sinvest. The fifth rig, Deep Driller .... [+ read more] 8, is on track for a timely delivery in the first quarter of 2009. The KFELS Super B Class design is one of the world’s deepest drilling rigs, with capabilities for drilling High Pressure, High Temperature wells up to 35,000 ft at 350 ft water depth.

7 Oct 2008

Det norske accelerates drilling of Eitri

Det norske oljeselskap ASA (“DETNOR”) will drill the Eitri prospect, located in Production License (PL) 027D, in February 2009. The company thus takes advantage of an earlier drilling opportunity as compared to previous drilling plans, where the drilling of Eitri was scheduled for Q2. Det norske is the operator of the drilling on Eitri, and will subsequent to the completion of .... [+ read more] the operation acquire a 25 percent interest in the license. ExxonMobil is the operator of the license. Eitri will be drilled directly after Freke. Freke is located in PL 029B, and the estimated spud date is mid-December. Both locations will be drilled by the rig Bredford Dolphin. Det norske is the operator of the drilling operation, whereas the license is operated by ExxonMobil. The drilling on Fulla, in PL 362, is expected to commence in late October. Det norske holds a 15 percent interest in the license, which is operated by StatoilHydro.

16 Sep 2008

Rowan Reports on Condition of Gulf of Mexico Fleet Following Hurricane Ike

Rowan Companies, Inc. (NYSE:RDC) announced today that it has completed an initial aerial survey of its nine rigs in the Gulf of Mexico. All of the Company's rigs were on location, with the exception of the Rowan-Anchorage. The Company is undertaking efforts to locate the rig but believes it may have capsized and sunk at its pre-storm location offshore Louisiana. All .... [+ read more] appropriate regulatory agencies have been notified. In addition, Rowan's Sabine Pass, Texas facility encountered a significant storm surge and is expected to be out of commission for some time. The Company's newbuild jack-up, Rowan-Mississippi, which is stationed there for final outfitting, was apparently struck by another vessel during the storm. The Company's initial assessment is that the damage is limited and should not delay the rig's scheduled delivery. Rowan's other rigs in the Gulf Coast area appear to have sustained minimal damage but a complete evaluation of their condition will require a closer inspection upon the return of the Company's drilling personnel. Crew members have begun returning to their assigned rigs and normal operations should resume as soon as possible. The Rowan-Anchorage was a LeTourneau 52-class slot jack-up rig. The rig had been secured at its pre-storm location in Vermillion Block 201 and all personnel were evacuated prior to the arrival of Hurricane Ike. It was insured for $60 million, less a $17.5 million windstorm deductible, and had a carrying value of approximately $4.5 million. The rig had been operating under a well-to-well contract at a day rate of approximately $60,000.

13 Sep 2008

Keppel FELS receives 49-day early delivery bonus from Indian rig owner

Keppel FELS Limited (Keppel FELS), has secured a bonus of S$1 million for delivering a jackup drilling rig 49 days ahead of schedule to Discovery Drilling, a joint-venture of Jindal Drilling & Industries (JDIL). The rig DISCOVERY I has also achieved a safety record of more than 2.2 million manhours work without incidents. At its naming ceremony, .... [+ read more] Mr Choo Chiau Beng, Chairman and CEO of Keppel Offshore & Marine, the parent company of Keppel FELS, said, “This accomplishment demonstrates the strong project management skills of Keppel FELS and our excellent teamwork with Discovery Drilling and Jindal. At all times, Safety remains our top priority. It is ingrained in our processes and even more so in our mindset.”

12 Sep 2008

Sidetrack to be drilled at Noatun prospect

Drilling of an exploration well in the Noatun prospect 16 kilometres north of the Njord field in the Norwegian Sea has struck gas and condensate. A sidetrack is to be drilled in the well to assess whether the find is worth exploiting. The objective of exploration well 6407/7-8 was to prove gas/condensate in the middle/lower Jurassic reservoirs in the Noatun .... [+ read more] prospect. The well struck gas/condensates at the prospective Jurassic range, although the size of the find is as yet unconfirmed. The well has been formation tested using mini-DST, and extensive data and samples have been collected. A flank sidetrack will be drilled to confirm gas/water contact and the size of the find. "We are delighted to have found hydrocarbons which can contribute to the extended lifetime of the Njord field, but we need more information before we can say anything about the size of the find, and any possible extraction methods," says Sivert Jørgenvåg, exploration manager for the Halten Bank. This is the eighth exploration well drilled in production licence 107. The licence was awarded during the ninth concession round in 1985. The well was drilled to a vertical depth of 5,110 metres under the sea surface, and terminated at the Åre formation in the lower Jurassic level. Sea depth is 293 metres. The well will be permanently plugged and abandoned. The well was drilled by the semi-submersible drilling rig West Alpha, which will now continue operations in production licence 107 by drilling sidetrack 6407/7-8A. Licensees for production licence 107 are: StatoilHydro (20%), E.ON Ruhrgas (30%), ExxonMobil (20%), Gaz de France (20%), Petoro (7.5%) and Endeavour Energy (2.5%).

10 Sep 2008

Keppel AmFELS earns bonus upon delivery of fourth Scorpion rig

Keppel AmFELS Inc., the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered Scorpion Offshore's (Scorpion) fourth jackup drilling rig. The yard received a bonus of US$1.35 million upon the successful delivery of the rig to Scorpion. Named Offshore Vigilant, the rig is one of five LeTourneau Super 116 jackups that were commissioned by Scorpion .... [+ read more] in 2005. Two units, Offshore Courageous and Offshore Defender, were delivered in 2007 and the third, Offshore Resolute, in May this year. All were completed on-time. The fifth unit is expected to be completed in 2009. All five rigs are identical. Each incorporates a 70 ft cantilever, the maximum reach currently available for all but a few harsh environment units. Each is capable of working in 350 ft of water as outfitted or in water of depths up to 400 ft through the installation of additional leg sections. The drilling depth is approximately 30,000 feet. Offshore Vigilant has been chartered by Gazprom for its maiden operations offshore Venezuela beginning in October 2008.

25 Aug 2008

Oil discovery near Sleipner

The presence of a considerable oil column has been confirmed under the Dagny structure in the North Sea. The purpose of well 15/5-7 in production licence 048 was to confirm the presence of oil in Mid-Jurassic reservoir rocks below the Dagny gas discovery. The well confirmed an oil column of some 100 metres in the Hugin formation. The total recoverable .... [+ read more] volume is estimated at 100-125 million barrels of oil equivalent. "This is a very exciting discovery. The Sleipner area is still very prospective, and this well confirms that there is also a good chance of making oil discoveries in this area," says Tim Dodson, senior vice president for StatoilHydro's explorations on the Norwegian continental shelf. "The discovery is a result of focused efforts to find more hydrocarbons that may be phased in to Sleipner. I will credit my exploration organisation for coming up with the idea that there might be an oil column below the gas at Dagny, which was discovered 30 years ago," he says. The Dagny discovery is located some 10 kilometres north-west of Sleipner West. Development of the discovery in association with the Sleipner field will be considered. Drilled in 119 metres of water by the Transocean Winner drilling rig the well was completed in the Upper Triassic Skagerrak formation, 4,037 metres below the sea level. A side-track is now being considered in order to establish the oil-water contact. The costs of the well are split between PL048 and PL029. StatoilHydro (the operator) has an interest of 78.2 percent in PL048, whereas the partner, Total, has an interest of 21.8 percent. ExxonMobil is the operator of PL029 (100 percent).

25 Aug 2008

Gas discovery in the Norwegian Sea

Gas has been proven in the deep-water Snefrid South prospect near the Luva discovery in the Norwegian Sea. exploration well 6706/12-1 in production licence PL218 in the Norwegian Sea was successful. The well is located west of the Luva gas discovery, some 290 kilometres west of Sandnessjøen. The purpose of the well was to confirm the existence of petroleum in .... [+ read more] Late Cretaceous reservoir rocks in a prospect named Snefrid South. The well confirmed the existence of a 70-metre gas column with good reservoir qualities in the Nise formation. Core drilling was performed, and fluid and pressure samples were collected. The discovery is estimated to contain some 4 billion standard cubic metres of recoverable gas. ”I am pleased that the result met with our expectations and that dry gas was confirmed in a reservoir with good reservoir qualities,” Dodson says. Snefrid will be developed in combination with the Luva discovery. Dodson emphasises that the drilling of the exploration well in the Snefrid South prospect is an important step in order to accelerate the development of the Luva discovery, which was made by BP in 1997. The well was drilled to a vertical depth of 3925 metres below the sea level and completed in the lower parts of the Nise formation in 1265 metres of water. The well will now be permanently plugged and abandoned. Well 6706/12-1 was drilled by the Transocean Leader drilling rig, which will now drill exploration well 6707/10-2 S in the same production licence. StatoilHydro (operator) has an interest of 75 percent in PL 218. The partners are ExxonMobil (15 percent) and ConocoPhillips (10 percent).

22 Aug 2008

Gas discovery in the Barents Sea

StatoilHydro Petroleum AS, as operator of exploration licence 394, has completed drilling of exploration well 7224/6-1 in the Barents Sea. The well was tested in a prospect called Arenaria in block 7224/6. The primary goal was to prove hydrocarbons in sandstone of early Jurassic to late Triassic age. The secondary goal was to prove hydrocarbons in rocks of the middle Triassic .... [+ read more] age. In the primary exploration target, rocks of good reservoir quality were found in accordance with the prognoses. No hydrocarbons were proven. In the secondary drilling target, gas was proven in reservoir rocks of poor quality. "The well was not formation tested and it is too early to tell if the gas can be produced," says Bente Fotland, exploration manager for licences in the far north. This is the first well to be drilled in exploration licence 394 which was awarded in the 19th license round in 2006. The well was an obligation well. It was drilled to a vertical depth of 2315 metres below sea level and was completed in rocks of middle Triassic age. The well is now being permanently plugged and abandoned. Drilling of exploration well 7224/6-1 was completed by the Polar Pioneer drilling unit at a water depth of 265 metres. Polar Pioneer will now start drilling exploration well 7222/11-1 in the StatoilHydro-operated exploration licence 228. The licensees in exploration licence 394 are: StatoilHydro (65%), Gaz de France Norge AS (20%) and Petoro (15%).

13 Aug 2008

Keppel FELS to build seventh ENSCO deepwater rig worth US$560 million

Keppel FELS Limited (Keppel FELS) has won the contract to build the seventh ENSCO 8500 Series® deepwater semisubmersible (semi) worth US$560 million. This sum includes equipment specified by the owner. To be delivered in the second half of 2012, the ENSCO 8506 will be the seventh consecutive semi that Keppel FELS is constructing for ENSCO International Incorporated (ENSCO). The contract .... [+ read more] follows shortly after the award of the sixth semi, ENSCO 8505, that was announced on 1 June 2008. Mr Daniel W. Rabun, Chairman, President and CEO of ENSCO said, "Working with a leading shipyard that is familiar with our needs will enable us to advance our deepwater strategy more effectively. “As we continue to execute on our strategy to expand our deepwater presence, we again look forward to working with Keppel FELS on this important project. Our US$3.1 billion investment in the ENSCO 8500 Series® rigs demonstrates our commitment to playing a meaningful role in the growing deepwater market. Only two other companies will have ultra-deepwater semisubmersible rig fleets equal to the size of the ENSCO fleet."

5 Aug 2008

Petrobras sign firm contract for 'Sevan Brasil'

With reference to the announcement on June 2nd, 2008, Petrobras SA and a subsidiary of Sevan Drilling AS, have signed a firm drilling contract for a newbuild drilling unit intended for operations off the coast of Brasil, in water depths down to 2,400 m. This is the second deepwater drilling unit contracted to Petrobras, and the third deepwater drilling unit .... [+ read more] to be built, owned and operated by Sevan Drilling, as the company also signed a drilling contract with India’s ONGC in June 2008. The drilling contract will have a fixed term of six years with start-up by end-2011. Revenues which could be generated over the six year period are approximately USD975 million, including a bonus arrangement and mobilization fee. Sevan has awarded a letter of intent (LOI) to the Cosco Shipyard Group for a turnkey contract comprising the construction, equipment procurement and installation, and commissioning of the drilling unit. Cosco shall also provide yard financing. Aker Kvaerner MH has been awarded an LOI for delivery of the drilling package. Also the delivery of other long lead equipment has been secured. The newbuild drilling unit to Petrobras is based on Sevan’s proprietary cylindrical Sevan 650 design, as is the case also for the two other Sevan drilling units. All three Sevan deepwater drilling units are built at the same shipyard and utilize the same drilling package, thus significantly reducing risks to schedule and cost.

4 Jul 2008

Exploration on Stetind

The drilling of exploration well 6605/8-2 in a structure named Stetind in the Norwegian Sea is being completed without any recoverable hydrocarbons being confirmed. The well was drilled by the Transocean Leader drilling rig. After completing this well the rig will move on to production licence 218 in the Norwegian Sea for the drilling of exploration well 6706/12-1, operated .... [+ read more] by StatoilHydro.

4 Jul 2008

Gas discovery in the Barents Sea

StatoilHydro has confirmed the existence of gas in the Ververis prospect in the Barents Sea, whereas an exploration well in the Stetind prospect in the Norwegian Sea turned out to be dry. ”It is of course promising that we have discovered gas, but the drilling was performed in a relatively complex formation. We therefore need to perform more analyses and evaluations .... [+ read more] in order to determine the resource potential of the discovery,” says Bente Fotland at StatoilHydro’s Harstad office. Ververis is the first well in production licence 395, which was awarded in the 19th licensing round in 2006. “The licence was awarded in April 2006, and seismic data were shot during the summer of 2006. The entire project was in fact completed sooner than expected,” Fotland says. The well was drilled to a vertical depth of 2992 metres below the sea surface and completed in the lower Triassic Havert formation. The well will now be permanently plugged and abandoned. Polar Pioneer will move on to drill exploration well 7224/6-1 in production licence 394, operated by StatoilHydro. The licensees in production licence 395 are: StatoilHydro ASA (operator) (50 prosent), BG Norge AS (30 prosent), Petoro AS (20 prosent).

19 Jun 2008

AoC for West Phoenix

The West Phoenix mobile drilling unit operated by Seadrill Management AS has received an acknowledgement of compliance (AoC) from the Petroleum Safety Authority of Norway. This facility represents the first in a series of brand new mobile units which are due to be used on the Norwegian continental shelf. .... [+ read more]

18 Jun 2008

The Trow Prospect (Well 32/2-1) Spudded in PL 369

Talisman Energy has commenced drilling operations in Production License 369 with the semi-submersible drilling rig Transocean Winner. The exploration well, located east of the Troll Field, is aiming for hydrocarbons in Jurassic sandstones (Trow prospect). Det norske estimates that Trow could hold 100 million barrels of oil equivalents, with a discovery probability of 20%. The drilling operation is expected to take .... [+ read more] about 28 days. Det norske holds a 20% interest in PL 369. Operator Talisman Energy holds 40%. Other licensees include Petro Canada Norge and Revus, with a 20% interest each.

18 Jun 2008

Drilling operations on Lilleulv in final stage

The jack-up rig Maersk Giant is about to finalize drilling operations on the Lilleulv prospect in Production License 038. The drilling commenced on 26 May and is expected to be concluded this month. Lilleulv is a separate structure to the Varg Field, and the well is thus classified as an exploration well. A positive result would be of importance, .... [+ read more] as it could extend the life of the Varg Field and add extra barrels of oil production to Det norske. Talisman Energy is the operator of PL 038 with a 65% interest. Det norske has a 5% interest, whereas Petoro holds the remaining 30%.

16 Jun 2008

Deepsea Trym at Troll through 2011

On behalf of the partners in the Troll licence, StatoilHydro has entered into an agreement on a two-year extension of a current contract with Odfjell Drilling for the Deepsea Trym drilling rig. ”Deepsea Trym has been employed on the Troll field since 2005 and will continue to operate on the field during the extended contract period through 2011,” says Atle Reinseth .... [+ read more] in the Projects business area. This contract gives StatoilHydro good rig coverage at the Troll field for the next years and allows realisation of the planned drilling activities in the area. ”The contract extension allows StatoilHydro to continue carrying out efficient and good resource management on the Norwegian continental shelf. Increased oil recovery is an essential part of the further development of the Troll field,” says Ivar Aasheim, senior vice president for Operations North Sea. Deepsea Trym is owned by Songa Offshore ASA and the operator is Odfjell Drilling.

10 Jun 2008

Mahogany-2 appraisal well flows at 5,200 bopd on test

Tullow Oil plc (Tullow) announces that the Mahogany-2 well, which is being drilled to appraise the Jubilee field offshore Ghana, flowed at a test rate of 5,200 barrels per day of 36-degree API gravity crude oil and approximately 5.3 million cubic feet per day of associated natural gas. The Mahogany-2 well, which lies in the West Cape Three Points licence, has .... [+ read more] been drilled to a total depth of 3,443 metres by the Songa Saturn drillship in water depths of 1,080 metres. A single zone covering an interval of 17 metres was tested through a 40/64-inch choke resulting in a flowing tubing head pressure of 1,540 pounds per square inch. This flow rate was however severely limited by the available test equipment and facilities. These favourable results confirm that the Turonian turbidite reservoirs of the Jubilee Field are highly productive and validates the geological and reservoir model. Oil samples will now be acquired to conduct comprehensive refinery assays before the well is suspended as a potential development well and the rig released. Development planning for the Jubilee field is ongoing and Tullow has secured the Blackford Dolphin and the Eirik Raude deepwater rigs for an extended programme of appraisal, development and exploration drilling in both the West Cape Three Points and the Deepwater Tano licences. This programme is scheduled to commence later this year.

9 Jun 2008

LUNDIN PETROLEUM SPUDS TORPHINS EXPLORATION WELL, OFFSHORE UNITED KINGDOM

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of the exploration well 21/8-4 on the Torphins prospect located in block 21/8, production licence P1107, in the central North Sea sector of the United Kingdom Continental Shelf (UKCS), has commenced. Well 21/8-4 is targeting the Palaeocene sandstone reservoir. The Torphins prospect is defined by a 3D seismic anomaly. .... [+ read more] The estimated unrisked gross potential is approximately 30 million barrels of oil equivalent (mmboe). Lundin Petroleum has contracted the Transocean's GSF Arctic II semi-submersible rig to drill this prospect. Drilling is expected to take up to 75 days. Well 21/8-4 is located 12km north of the Lundin operated Scolty discovery drilled in late 2007 and is targeting a similar amplitude anomaly. Lundin Petroleum is the operator with 40 percent interest. Partners are Challenger Minerals (North Sea) Limited and Revus Energy (E&P) Limited.

3 Jun 2008

Keppel wins US$385 million semisubmersible rig contract from Brazilian driller

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel FELS Limited (Keppel FELS), has secured a US$385 million repeat order to build a semisubmersible drilling rig for Brazilian drilling contractor group Queiroz Galvão Óleo e Gás (QGOG). This price excludes the drilling and subsea equipment which will be supplied by QGOG. To be named Alpha Star, this deepwater platform will .... [+ read more] be built to the DSS™ 38 design jointly developed by Keppel O&M’s technology arm Deepwater Technology Group and Marine Structures Consultants of The Netherlands. This latest rig is a repeat order of the first semisubmersible, Gold Star, which was awarded to Keppel FELS in August 2006. Gold Star will support Petrobras’ growth plans whilst Alpha Star may be deployed in either offshore West Africa or South America, when they are delivered in the second half of 2009 and of 2011 respectively.

1 Jun 2008

Keppel FELS to build 6th ENSCO semisubmersible rig worth US$537 million

Keppel FELS Limited (Keppel FELS) has won a contract to build a US$537 million ultra-deepwater semisubmersible (semi) drilling rig from a subsidiary of ENSCO International Incorporated (ENSCO). This contract follows shortly after of the award of the fifth semi, ENSCO 8504, that was announced on 6 May 2008. This latest rig, ENSCO 8505, is the sixth consecutive semi .... [+ read more] of the ENSCO 8500 Series® that Keppel FELS is constructing, and is scheduled for delivery in the first half of 2012. Mr Daniel W. Rabun, Chairman, President and CEO of ENSCO said, “Deepwater has become a very important part of our business. We estimate that our deepwater fleet, including the 8500 Series® semis, will contribute approximately 30% of our total revenue when in operation. “We are pleased that Keppel FELS is constructing all six of our new 8500 Series® semis. We are benefiting from synergies associated with building all these rigs at one yard, and with a partner whom we have a strong working relationship, and who is familiar with our needs.”

28 May 2008

Keppel FELS delivers KFELS B Class rig to SeaDrill three days ahead of time

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed its fourth KFELS B class jackup rig for SeaDrill Limited (SeaDrill) within budget and three days ahead of schedule. This is Keppel O&M’s sixth jackup rig delivery this year, with five from Keppel FELS and one from Keppel AmFELS. In .... [+ read more] keeping with the naming tradition for all of SeaDrill’s other drilling units, this rig has been christened with the name of a celestial body, West Ariel. This KFELS B Class rig will have the capability of operating in water depths of up to 400 feet, has a drilling depth of 30,000 feet and can accommodate 112 men.

21 May 2008

Gas discovery in the Norwegian Sea

StatoilHydro has struck gas during exploration drilling in the Norwegian Sea north-west of Kristiansund and will drill a sidetrack well to further identify the area. StatoilHydro, the operator of production licence 348, now completes the drilling of exploration well 6407/8-4 S. The well is located 30 kilometres north-east of the Njord field and 9 kilometres north-west of the Draugen field. "The .... [+ read more] purpose of the well was to confirm the existence of hydrocarbons in mid/lower Jurassic rocks in the southern segment of the Galtvort prospect. It is very positive that we again strike hydrocarbons in these areas where finds can quickly be put on stream,” says StatoilHydro’s vice president for infrastructure-led exploration in the North, Ørjan Birkeland. The well has confirmed the existence of gas in Jurassic sandstone. The size of the discovery is so far not determined, and a sidetrack well will be drilled right after the current well has been completed. . This is the first exploration well in production licence 348, which was awarded in TFO 2004 (awards in pre-defined areas). No formation leak-off test has been conducted in the well, but extensive data acquisition and sampling have been performed in the reservoir. The exploration well was drilled to a vertical depth of 2632.3 metres below the sea surface and completed in rocks belonging to the lower Jurassic Åre formation. The well, located in 266 metres of water, will now be permanently plugged and abandoned. The well was drilled by the West Alpha drilling rig, which will now drill sidetrack well 6407/8-4 A on the Galtvort prospect. The licensees in production licence 348 are: StatoilHydro (30.0 percent), Gaz de France Norge (20.0), Norwegian Energy Company (17.5), E.ON Ruhrgas Norge (17.5), Endeavour Energy Norge (7.5) and Petoro (7.5).

16 May 2008

Tornerose wells completed

StatoilHydro has completed the drilling of two appraisal wells at the Tornerose gas discovery in the Barents Sea. No new find was made. StatoilHydro, the operator of production licence 110 C, has completed the drilling of appraisal wells 7123/4-1 S and 7123/4-1 A. The latter well was sidetracked from the S well. .... [+ read more] The purpose of the wells was to confirm the existence of resources in Triassic sandstones within previously untested segments on the Tornerose structure. The appraisal wells were drilled to a vertical depth of 2683 metres and 2603 metres respectively under the sea surface and completed in Triassic rocks. The well confirmed the existence of reservoir development in this rock, but no movable hydrocarbons were proven in any of the wells. "It is disappointing to drill dry wells, but we have previously confirmed the existence of recoverable gas in the Tornerose structure. Experience gained from these wells will be useful during the drilling of additional wells in this area in the years ahead," says StatoilHydro's vice president for infrastructure-led exploration in the North, Ørjan Birkeland. Two wells have previously been drilled in production licence PL 110B on the Tornerose structure. Both were successful. This production licence was awarded in 2004 in connection with TFO 2004 (award in pre-defined areas), whereas PL 110 C was awarded as additional acreage to the Tornerose discovery in connection with the 19th licensing round in 2006. The two appraisal wells were drilled by Polar Pioneer in 413 metres of water. This rig will now be used for the drilling of a new StatoilHydro-operated exploration well in the Barents Sea, well 7226/2-1 in production licence 395. Licensees in production license 110C: StatoilHydro (operator) (33.53 percent), Petoro (30.00), Total E&P Norge (18.40), Gaz de France Norge (12.00), Hess Norge (3.26) and RWE Dea Norge (2.81).

13 May 2008

Two new discoveries in the Oseberg area

StatoilHydro has discovered hydrocarbons in two wells in the Oseberg area in the Norwegian offshore sector of the North Sea. The first discovery was made in a long-reach exploration well from the Oseberg C platform, targeting the Cook Formation in the Theta structure. “The well is designed to be converted to a producer within 45 days after the discovery, giving .... [+ read more] an extremely quick turnover from prospective resources to producible reserves,” says Oseberg Petech project leader Trond Eide. Prospect mapping and well planning was a collaborative effort between the Oseberg Petech team and the North Sea infrastructure-led exploration team, with the former unit being responsible for the drilling operation. “Work is currently underway to determine the optimal production solution,” says Bjørn Inge Braathen, leader of the exploration team working in the Oseberg area. Depending on the development solution, preliminary expected volumes are around 5 million barrels of oil. Shortly after the Theta discovery, oil and gas was also found in the Delta S2 structure in the Oseberg South area. The Delta S2 discovery targeted the Brent Group, and is believed to contain about 16 million barrels of recoverable oil equivalents. Well 30/9-21S was drilled by Transocean Winner, and the rig is now drilling a second branch to test the nearby Richards prospect. “We have been excited about the prospectivity of the Oseberg area for a long time, and after a few years of limited exploration in the area it’s good to see that the efforts are stepped up in a successful manner,” says Tom Dreyer, vice president for infrastructure-led exploration North Sea. The Delta S2 discovery may be tied to the nearby Delta template within a few years and continued exploration success in the area may trigger new development solutions.

8 May 2008

Gas and condensate discovery in the Norwegian Sea

StatoilHydro has confirmed the existence of gas and condensate on the Alve field in the Norwegian Sea around 16 km southeast of the Norne field. Based on a preliminary estimate, the discovery includes three to five billion cubic metres of gas. A thin oil zone was also proven below the gas. ”The find is encouraging and supports our firm belief in .... [+ read more] other opportunities we are evaluating in the vicinity,” says Ørjan Birkeland, vice president for infrastructure exploration north. Extension drilling was carried out in this production well. Due to come on stream in January 2009, it is the first production well on the Alve field. The purpose of the exploration extension was to prove hydrocarbons in a reservoir located deeper in mid-Jurassic rocks than the resources proven in previous exploration wells on the Alve field. Gas and condensate in sandstone of mid-Jurassic rock were proven during the extension drilling. The drilling of well 6507/3-5S has been completed, and the well will be temporarily plugged. A completion of the previously proven reservoir is planned for the autumn of 2008. The gas is to be transported to the Norne field. The licensees will evaluate how the additional resources proven in the extension drilling can be recovered. Formation testing was not performed in the well, but comprehensive data collection and sampling have been carried out. The well was drilled to a vertical depth of 3,834 metres below sea level, and was completed in lower Jurassic rocks. The water depth is 368 metres. The Ocean Vanguard drilling rig is leaving the location to drill an exploration well for StatoilHydro on the Irish continental shelf. The partners in PL159B are StatoilHydro (operator) with an 85 percent interest and DONG with a 15 percent interest.

6 May 2008

Keppel FELS secures order for a US$512 million rig from ENSCO

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract to build a US$512 million ultra-deepwater semisubmersible (semi) drilling rig from a subsidiary of ENSCO International Incorporated (ENSCO). To be delivered in the second half of 2011, the ENSCO 8504 will be the fifth consecutive semi that Keppel FELS .... [+ read more] is constructing for ENSCO. Mr Daniel W. Rabun, Chairman, President and CEO of ENSCO said, “We see the deepwater market as a significant catalyst for our future growth, and we are expanding our deepwater fleet to meet the sustained market demand. “We are very pleased that all five of our new ENSCO 8500 Series® semisubmersible rigs are being built by Keppel FELS. Having constructed all our recent newbuild jackups, Keppel FELS has been the largest contributor in helping us create our premier rig fleet.”

5 May 2008

Keppel AmFELS delivers yet another rig to Scorpion on schedule

Keppel AmFELS Inc., the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered its third jackup drilling rig Offshore Resolute for Scorpion Offshore (Scorpion). The Offshore Resolute is one of five LeTourneau Super 116 jackup rigs that were commissioned by Scorpion in 2005. The first two, Offshore Courageous and Offshore Defender, were timely delivered in 2007, .... [+ read more] the fourth and fifth are expected to be completed later in 2008 and 2009 respectively. Each rig incorporates a 70 ft cantilever, the maximum reach currently available for all but a few harsh environment units. The rigs are also capable of working in 350 ft of water as outfitted or in water of depths up to 400 ft through the installation of additional leg sections. Each rig will have a drilling depth of approximately 30,000 feet.

24 Apr 2008

Dryships Inc order two UDW drillships

DryShips Inc., (“Dryships”) today announced that it has exercised its option to acquire two advanced capability drillships for use in ultra-deep water drilling locations. The drillships, are to be constructed by Samsung Heavy Industries Co., Ltd. (“SHI”) and are expected to be delivered from the shipyard in the third quarter of 2011. The expected delivered cost of the newbuild drillships is .... [+ read more] approximately USD800 million per unit. The company expects to receive shortly a firm commitment for the debt portion to finance construction and other payments. Mr. George Economou, Chairman and CEO of DryShips, commented: “I am very excited with our agreement to construct two premium, ultra deep water drillships, which is in line with our strategy of expanding our presence in the ultra-deep water drilling sector. We hope that our pending mandatory tender offer for the acquisition of Ocean Rig ASA will be approved by its shareholders in early June. The successful acquisition of Ocean Rig will give us the operating platform necessary to construct, complete and operate these two drillships to the highest standards. Going forward weplan to expand our asset portfolio with further acquisitions and explore other strategic alternatives including the possibility of spinning off this business unit to our shareholders.”

21 Apr 2008

PPL Shipyard and Sembawang Shipyard on track to deliver Baker Marine Pacific Class 375 jackup

Sembcorp Marine Ltd is pleased to announce that its subsidiaries, PPL Shipyard Ltd and Sembawang Shipyard Pte Ltd, are on track to deliver a Baker Marine Pacific Class 375 Design jack-up rig to Aban Singapore Pte Ltd, a subsidiary of Aban Offshore Ltd of India The jack-up rig was christened Aban VIII by Mrs Deepa .... [+ read more] Reji, wife of Mr Reji Abraham, Managing Director of Aban Offshore Ltd, in a naming ceremony held in Sembawang Shipyard on 19 April 2008. The ceremony was attended by key representatives and stakeholders from Aban Offshore, PPL Shipyard and Sembawang Shipyard as well as distinguished guests from the shipping / offshore fraternity.

16 Apr 2008

Discovers oil on Draupne

The Norwegian Petroleum Directorate announced today that Det norske oljeselskap ASA (“DETNOR”) has discovered oil and gas on Draupne (Production License 001B). Det norske has a 35% interest in the license. Det norske believes this to be a commercial discovery. Oil and gas were encountered in 44-m thick sandstone from the Middle Jurassic period. The oil-water contact was not detected. The .... [+ read more] discovery is situated deeper than what was stipulated by the original prognosis, and the license partners have determined that further mapping and analysis is necessary before the location of an appraisal well may be concluded. Consequently, the well will now be plugged and abandoned. The Draupne well has proven recoverable resources between 4 and 5 million standard cubic meters of oil equivalents which, together with two other discoveries located in the area (Hanz and West Cable), may contain recoverable resources of oil and gas corresponding to 90 million barrels. The licensees in Hanz and West Cable are the same as those in Draupne. Det norske will now consider a number of joint development scenarios in the area. This part of the North Sea contains several fields in production as well as discoveries under evaluation. A data acquisition of core samples and liquid samples has been completed. The well is the ninth exploration well in Production License 001B. The well was drilled to a vertical depth of 2,511 meters below sea level. The sea depth was 111 meters. The well was drilled with the semi-submersible drilling facility Bredford Dolphin. Licensees in Draupne are Det norske with a 35% interest, StatoilHydro with 50%, and PA Resources with 15%.

14 Apr 2008

New discovery on the Halten Bank

StatoilHydro has made a gas discovery in the Natalia prospect in the Norwegian Sea. According to preliminary calculations the discovery could contain around 1.5 billion cubic metres of recoverable gas. Natalia is located five kilometres north-west of the Midgard structure on the Åsgard field on the Halten Bank and adds to the many finds in this area. Exploration activities in the .... [+ read more] area have so far this year given good results, such as the Natalia, Gamma and Marulk (partner-operated) finds. Positive results in Gamma and Natalia are also important contributions in evaluating the potential of equivalent structures in the area.

2 Apr 2008

LUNDIN PETROLEUM COMPLETES EXPLORATION WELL IN NORWAY

Lundin Petroleum AB (Lundin Petroleum) announces the completion of the exploration well 2/5-14S in PL 006C, in the North Sea sector of the Norwegian Continental Shelf. The exploration well 2/5-14S was targeting the Hyme prospect. The Hyme prospect showed no commercial hydrocarbons and as a result, no coring or testing was performed and the well has now been plugged and .... [+ read more] abandoned. The jack-up rig Mærsk Gallant was used for drilling. The South East Tor chalk discovery made in 1972 is also located in PL006C and has estimated resources of 22.5 million barrels of oil equivalent.The decision was taken not to proceed at this time with the drilling of the side track 2/5-14A as an appraisal well on the South East Tor discovery, pending further technical and economic analysis. Lundin Petroleum is the operator of PL 006C with a 75 percent interest.Partners are Noreco ASA with a 15 percent interest and Faroe Petroleum AS with a 10 percent interest.

1 Apr 2008

Five-year drilling contract for Aker

StatoilHydro has awarded a five-year contract to Aker Drilling for drilling operations in the Norwegian Sea. The total contract value is about NOK 5 billion. The contract was awarded in December 2006, but StatoilHydro has had until now to decide the final length of the fixed part of the contract, beyond a minimum period of three years. The Aker Drilling .... [+ read more] rig "Aker Spitsbergen" will be used for drilling assignment at Halten Nordland in the Norwegian Sea. The rig, which belong to Aker Drilling's sixth generation rigs, are designed for assignment on the Norwegian continental shelf, where deep waters and tough weather pose extra challenges. During full utilisation of the rig the total contact value over five years will be about NOK 5 billion, based on an exchange rate of NOK 5.10 to the US dollar. The construction of the rig is now in full progress at the Aker Kværner yard at Stord. "Aker Spitsbergen" is scheduled to be delivered at the end of July 2008.

11 Mar 2008

First offshore drilling in Canada as operator

StatoilHydro will drill its first offshore prospect as operator in Canada in the fourth quarter of 2008, at the Mizzen prospect off the east coast of Newfoundland and Labrador. The Transocean rig, Henry Goodrich, has been secured for the operation. The Mizzen prospect is located in block EL 1049 in the Flemish Pass Basin offshore Newfoundland and Labrador in 1,100 metres .... [+ read more] water depth. StatoilHydro has signed an agreement whereby Husky Energy will participate in the exploration well. Under the agreement Husky Energy will earn a 35% interest in Mizzen. "We are very excited about starting drilling operations offshore Canada," says Geir Jøssang, head of StatoilHydro Canada. "Canada is becoming an important contributor to StatoilHydro’s international portfolio,” he adds. StatoilHydro just signed a rig sharing contract with Petro-Canada and Husky, bringing the Transocean-operated Henry Goodrich rig to the east coast of Canada. The rig is expected to arrive in Newfoundland this summer. “The Flemish Pass Basin is a new and almost unexplored area on Canada’s east coast,” explains Johan K. Mikkelsen, head of StatoilHydro’s offshore business in Canada. “We are already participating in production from the Terra Nova and Hibernia fields and we have learned a lot from our partners in the 12 years we have been in Canada, and now look forward to preparing for our own drilling operations here,” he adds.

7 Mar 2008

Find in the Barents Sea

Hydrocarbons have been proven in the Obesum prospect in the Barents Sea. StatoilHydro is the operator and has 100 percent interest in this licence. This is the fourth find on StatoilHydro-operated licenses on the Norwegian continental shelf in 2008, and the fifth so far this year. The drilling in production licence 228 in the Barents Sea is completed. Hydrocarbons were .... [+ read more] proven in sandstone from the Triassic Age, and extensive data acquisition has been conducted. The results from the well show that the reservoir contains both oil and gas. It is too early to estimate the size of the finds and further data processing is required. ”The finds confirm our expectations that additional reserves can be found in this area, and we plan to drill another well in this licence in 2008,” says Tim Dodson, head of exploration on the Norwegian continental shelf. This was the first well in production licence 228, which was awarded in the Barents Sea licensing round in 1997. The well was drilled to a total depth of 2825 metres below sea level, and was completed in Triassic rocks. The well will now be permanently plugged and abandoned. Well 7222/6-1S was drilled by the Polar Pioneer drilling rig in 364 metres of water. The next project for the Polar Pioneer is an appraisal well for PL110C on the Tornerose discovery. StatoilHydro has previously reported discoveries south-west of the Grane field and in the Fram area of the North Sea, and Gamma at Haltenbanken. Additionally, a discovery was made at Marulk on Haltenbanken where ENI Norway is the operator and StatoilHydro has a 50 percent ownership stake. StatoilHydro is the operator and has 100 percent interest in licence 228.

20 Feb 2008

Oil find at Grane

An oil discovery has been made by StatoilHydro due south-west of the Grane field in the North Sea. The size of the find is estimated to be in the order of 20 – 30 million recoverable barrels of oil. “The find is a continuation of the good start to exploration activities on the Norwegian continental shelf in 2008,” says Tim Dodson, .... [+ read more] director of exploration in Exploration and production Norway. “This find is the fourth discover we have been involved in so far this year,” he says. StatoilHydro has previously reported a discovery in the Fram area of the North Sea and Gamma at Haltenbanken. Additionally, a discovery was made at Marulk on Haltenbanken where ENI Norway is the operator and StatoilHydro has a 50 per cent ownership stake. The discovery at Grane was made in connection with the production licence PL169 for which StatoilHydro is operator, and is named M prospect. Exploration well 25/11-25 S was drilled down to reservoir rock types of Paleogenic age, and drilling has been concluded. The well is the thirteenth exploration well in production licence 169. The licence was awarded in the thirteenth concessionary round in 1991. The discovery in the M prospect is interesting and may be relevant for further investigation when seen in the context of other discoveries in the area. The well was not formation strength-tested, but comprehensive data collection and testing has been carried out. The well was drilled to a vertical depth of 1804 metres below the sea surface. The sea depth is 125 metres. The well will now be permanently plugged and abandoned. Well 25/11-25 S was drilled by the semi-submersible drilling rig Transocean Winner, which will now drill exploration well 25/11-25 A as a lateral branch well, to prove the presence of petroleum in a nearby prospect in the same production licence. Licencees in production licence PL169: StatoilHydro (operator) (57 percent), Petoro (30) and ExxonMobil (13).

20 Feb 2008

Spud on Draupne

Det norske oljeselskap has spudded well 16/1-9 on Draupne. The operation commenced Tuesday 19 February at 4:20 p.m. (CET), and is carried out with the semi-submersible drilling rig Bredford Dolphin. Det norske is the operator of Draupne (Production License 001B) and holds a 35% interest in the license. License partners are StatoilHydro with 50% and PA Resources with 15%. The well .... [+ read more] will be drilled to a depth of 2,475 meters, and the duration of the drilling operation is estimated at 47 days. The reservoir is located at a depth of 2,275 meters. The recoverable volume has been estimated at approximately 50 million barrels. This is the first drilling operated by Det norske in 2008. According to the drilling program, the company will perform a total of nine drilling operations during 2008.

19 Feb 2008

EXPLORATION WELL PL 292 SPUDDED, OFFSHORE NORWAY

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of the exploration well 15/12-19 on the Phi-North prospect located in Block 6/3 and 15/12, production license PL 292, in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced. The exploration well 15/12-19 with a planned depth of approximately 3,100 metres mean sea level will target .... [+ read more] the middle Jurassic and the Triassic/lower Jurassic reservoir by using the jack up rig Mærsk Guardian. Drilling is expected to take approximately two months. The operator is BG Norge AS. Lundin Petroleum is a partner with 40 percent interest.

18 Feb 2008

Keppel FELS receives US$40,000 for early delivery of a KFELS B Class rig

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), received US$40,000 from Awilco Offshore ASA (Awilco) for the early delivery of jackup drilling rig. Built to Keppel’s proprietary KFELS B Class design, the rig was delivered 10 days ahead of contractual schedule to Awilco without any lost time incidents during its construction. .... [+ read more] The rig is the second of three rigs Keppel FELS is building for Awilco. The first rig was also delivered ahead of schedule in December 2006. The third rig is scheduled for delivery in second quarter 2009.

14 Feb 2008

Transocean to drill Indonesia wells

The Makassar Strait Explorers Consortium, including StatoilHydro, has signed a two-year contract with Transocean to lease the ultra deep-water drill ship GSF Explorer to conduct a drilling campaign on the Karama block off west Sulawesi in Indonesia. The contract starts late 2009. The exact date of commencement is dependent on the completion of work under the current rig lease contract. .... [+ read more] StatoilHydro is operator of three exploration wells in Karama and GSF Explorer will drill them during the contract period. StatoilHydro owns a 51% stake and Pertamina a 49% share in the wells. “The first of the three wells in the Karama license is scheduled for the second half of 2010,” says Bjarte Ydstebø, StatoilHydro Vice President, Procurement Drilling & Well. “We have a good cooperative relationship with the other consortium members regarding procurement,” he remarks. “The consortium is now in the process of planning procurement of additional products and services for the drilling campaign.” Tore Larsen, head of StatoilHydro Drilling & Well, Asia, is the head of the company’s Karama drilling campaign and consortium participation. The Makassar Strait Explorers Consortium comprises Marathon International Petroleum Indonesia Ltd, Anadarko Popodi Ltd, ConocoPhilips (Kuma) Ltd, ENI Bukat Ltd, Statoil Indonesia Karama AS and Talisman (Sageri) Ltd. The consortium’s drilling programme includes a total of 12 exploration wells during a two-year period. Marathon is acting as lead operator for the group, but each consortium member is responsible for their own committed wells. The Karama block is located in deep waters in Indonesia’s Makassar Strait.

13 Feb 2008

Volve on stream

The StatoilHydro-operated Volve field in the North Sea came on stream on 12 February. The Volve field is located around 200 kilometres west of Stavanger in the southern section of the Norwegian continental shelf (NCS). StatoilHydro has a 59.6% interest in the field. Oil from the field will be produced by using the Mærsk Inspirer jackup rig, while Navion Saga .... [+ read more] will be used as a storage vessel for further transport. The gas will be sent to the Sleipner A platform for final processing and export. Recoverable reserves are estimated at 78.6 million barrels of oil and 1.5 billion standard cubic metres of gas. Production from Volve is expected to reach plateau production of 50,000 barrels per day by the end of the first quarter of 2009. StatoilHydro is operator of the field and has assigned the operations activities to Maersk. Maersk Inspirer is the world’s largest jackup rig and the only one of its kind used for production purposes on the NCS. Mærsk Inspirer started drilling in the summer of 2007 and has also completed the processing plant during this period. It has been decided to develop the field with eight wells but another five wells are already being planned and matured.

1 Feb 2008

New oil discovery on UK continental shelf

BP and its partner, Marathon Petroleum West of Shetlands Ltd, today announced a new oil discovery in Block 204/23, following drilling on the South-West Foinaven prospect, some 190 kilometres west of the Shetland Islands. The exploration well 204/23-2 was drilled using the Paul B Loyd Junior semi-submersible drilling rig. Located 11 kilometres south-west of the Foinaven Floating, Production, Storage .... [+ read more] & Offloading (FPSO) vessel, the well reached a total depth of 2,528 metres below sea level. BP, together with its partner, is now evaluating the discovery and the potential for a two well subsea development, tied back to the Foinaven FPSO. Dave Blackwood, head of BP's North Sea business, said, "Discoveries like this are key to the future of the North Sea and, combined with continuing investment in brownfield development, will make best use of the existing offshore infrastructure. BP is always looking for new opportunities to invest, particularly around our existing acreage to extend the life of the North Sea." Licence P1263, comprising parts of blocks 204/ 23 and 204/24 was awarded to BP for operatorship (72% equity) and Marathon Oil (28%) in 2005 following the successful award in the 23rd Offshore Licensing Round.

31 Jan 2008

BP makes a significant deep gas discovery in Egypt's Nile Delta

The Satis discovery is located in the North El Burg Offshore, Nile Delta concession, some 50 kilometres north of Damietta. The well was drilled to a Nile Delta record depth of more than 6,500 metres and is the first significant high-pressure, high-temperature, offshore Oligocene discovery. Satis is a major technical achievement that demonstrates the great potential of the deeper reservoirs .... [+ read more] within the Nile Delta and will require further appraisal. The parties to the North El Burg offshore concession agreement are: BP, operator (50 per cent) and IEOC, the affiliate of Italy's ENI in Egypt (50 per cent). Satis was drilled by the Constellation II jack-up rig, in a water depth of 90 metres. Andy Inglis, BP's chief executive of Exploration & Production said: "This is a significant discovery, which will underscore our position as a major producer in the growing Egyptian gas market for many years to come."

31 Jan 2008

Gas find on the Halten Bank

Drilling of an exploration well in the Gamma prospect in the Norwegian Sea has been concluded. A tie-in of the gas discovery to the Åsgard field will be considered. Rich gas was proven in the Fangst group of middle Jurassic age. According to preliminary calculations the find is in the order of 2 to 3 GSm3 of recoverable gas. Gamma is .... [+ read more] located eight kilometres southeast of the Mikkel field on the Halten Bank. The exploration well is one of several similar prospects in the Norwegian Sea, and the find helps increase the understanding of the underground in this area. “The results strengthen our belief in the further potential of the area near the Midgard and Mikkel fields, and more wells will be drilled in the next few years,” says Ørjan Birkeland, manager for exploration activities in areas close to existing fields in North Norway. The exploration well was drilled to a total depth of 2,508 metres below sea level, and concluded in rocks of middle Jurassic age. Formation testing of the well has not been performed, but extensive data gathering and sampling have been carried out. The semi-submersible drilling rig, Ocean Vanguard, has drilled in the Gamma prospect. The well will be plugged and abandoned, and the rig will continue to the Alve find in the Norwegian Sea to drill an exploration well.

23 Jan 2008

Another “Bully” at Keppel heralds growing drillship business for the yard

Keppel Shipyard Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has been awarded a contract valued at about SGD 145 million for the integration and completion of a new build “Bully” drillship. Keppel secured the contract with a company jointly owned by Frontier Drilling and Shell. This is the second drillship of the “Bully” rig .... [+ read more] design awarded to Keppel by the same owners. The first “Bully” drillship was awarded in June 2007 with delivery by fourth quarter 2009. The new hull will be built in China and is due to arrive at Keppel Shipyard in the first quarter of 2009. The drillship is expected to be delivered by the second quarter of 2010.

10 Jan 2008

New drilling campaign at Sleipner West

On behalf of the licencees of Sleipner West, StatoilHydro has elected to exercise an option to commence drilling with the drilling rig West Epsilon in the North Sea field. The option has a value of NOK 620 million, and the total value of the contract now entered into with Seadrill for Sleipner West since last summer now amounts to NOK 1.18 .... [+ read more] billion. The option to use the jack-up drilling rig West Epsilon allows StatoilHydro to drill five or six new wells at Sleipner West in the period leading up to 2010. There is strong activity on the Sleipner West field, and new seismics will be shot this year. StatoilHydro is utilising advanced seismics to reduce risk and become more effective in its drilling operations. The drilling campaign can contribute to increasing remaining reserves. The initiatives being implemented mean that production at Sleipner West is expected to continue well beyond 2020.

7 Jan 2008

LUNDIN PETROLEUM COMPLETES EXPLORATION WELL 12/17b-1, OFFSHORE UNITED KINGDOM

Lundin Petroleum AB (Lundin Petroleum) announces that the well 12/17b-1 on the Ridgewood prospect reached Total Depth at 1,731 meters (5,678 ft). The well is located in block 12/17b, production licence P1301, in the Moray Firth area of the United Kingdom Continental Shelf (UKCS). The well was drilled using the Transocean Galaxy II jack-up rig and evaluated one reservoir target. .... [+ read more] This target is being plugged and abandoned as a dry hole. Lundin Petroleum is the operator with 30 percent interest. Partners are Palace Exploration Company (United Kingdom) Limited (25%), Britcana Energy Ltd. (25%) (a subsidiary of International Frontier Resources Corp.), Gulf Shores UK Resources Ltd. (10%) and Monoil UK Limited (10%).