Infield Rigs News

23 Dec 2010

Keppel AmFELS delivers third Rowan rig ahead of schedule

Keppel AmFELS Inc., a wholly-owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the third of four EXL jackup rigs to a subsidiary of Rowan Companies, Inc. (Rowan) ahead of schedule and within budget. The jackup was christened Rowan EXL-III yesterday by Mrs Barbara Ladner, spouse of Mr Laron Ladner, Operations Construction Manager and employee of .... [+ read more] 41 years for Rowan. The rig is scheduled to depart Keppel AmFELS' yard in Brownsville, Texas in January 2011 to commence operations on an ultra deep gas well for McMoRan Exploration Company in the Gulf of Mexico.

17 Dec 2010

Oil find off Brazil

Statoil and Petrobras of Brazil have struck oil on the Indra prospect in the Espirito Santo basin off the coast of Brazil. Petrobras is operator for licence BM-ES-32, where the discovery was made and where Statoil holds a 40% stake. The exploration well was drilled at a depth of 2,130 metres and both oil and reservoir quality is good. .... [+ read more] The reservoir thickness is approximately 70 metres and is of good quality. The preliminary analysis of the oil shows a density in the range between 25 and 30 degrees API. “We are very pleased to have struck oil here and the result will have an important bearing on our decision regarding further exploration activity in this area,” says Tim Dodson vice president, international exploration. The Inndra find was made by the semi-submersible rig Paul Wolfe. The location is situated 140 kilometres from land and some 400 kilometres north of the Peregrino field. At the moment Statoil is also participating in exploratory drilling in the Campos basin on licence BM-C-33, where Repsol is the operator. Statoil is operator on the Peregrino field and will hold a 60% share once the 40% divestment to Sinochem has been approved by the Brazilian authorities. Peregrino is planned to come on stream in the latter half of the first quarter of 2011. By next year Statoil plans to operate three exploration wells in Brazil, two in the Peregrino area in order to prove additional resources on the field, as well as an exploration well in the Camamu basin.

7 Dec 2010

Oil discovery offshore Norway near the Gjoa Field

RWE Dea Norge AS, operator of production licence 420, is in the process of completing the drilling of wildcat well 35/9-6 S. The well was drilled approximately 16 km west of the Gjøa Field in the North Sea. Petroleum was proven (mainly oil) in a 435-metre column in the Heather Formation, the Brent Group, the Drake Formation and the Cook Formation. .... [+ read more] The reservoir levels in the well are in different pressure regimes, and no hydrocarbon-water contact was encountered. “It’s been an exciting year. We’ve drilled two of our operated licences this year, and we’ve made two discoveries. We’re very pleased about making another discovery that looks promising, but it’s too soon to draw any firm conclusions until an appraisal well has been drilled”, says Hugo Sandal, Managing Director of RWE Dea Norge. “We also believe there is further exploration potential in the licence”, he continues. Preliminary estimates of the size of the discovery indicate between 2 and 10 million Sm3 of recoverable oil equivalents. Small scale formation tests (mini-DST) were carried out, showing a variation in reservoir quality. The well is the first exploration well in production licence 420, which was awarded on February 16th, 2007 (APA 2006). The well was drilled to a vertical depth of 3,664 meters and was terminated in Upper Triassic rocks. The water depth at the site is 370 meters. The well will be permanently plugged and abandoned. Well 35/9-6 S was drilled by the Bredford Dolphin drilling facility, which will now proceed to Coast Centre Base (CCB Ågotnes) for a stay at the yard.

3 Dec 2010

Seadrill takes delivery of sixth KFELS B Class jackup rig

Keppel FELS Limited (Keppel FELS) has delivered the KFELS B Class jackup rig, West Juno, to Seadrill Jack-ups Limited (Seadrill) on time, within budget and with a perfect safety record. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, "We are proud to have maintained an outstanding track record of quality deliveries to Seadrill over 17 years of close .... [+ read more] collaboration and 16 state-of-the-art offshore drilling units.

2 Dec 2010

Rachel North 14/15-2 - Oil discovery

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum plc (the "Operator") that the 14/15-2 Rachel North well, in which Rockhopper holds a 7.5% working interest, has reached a total depth of 3052 metres. Preliminary data collected indicate that this well is an oil discovery. The Operator has .... [+ read more] run an initial suite of wireline logs and this together with the drilling data indicate that the well encountered a 349 metres gross interval from 2621 metres to 2970 metres of sands and shales with hydrocarbons, of which 57 metres is net pay in multiple zones. The thickest zone is 8 metres thick with an average porosity of 20%. Other zones are thinly bedded and lower porosity but require further analysis from additional wireline logs to establish reservoir potential. The Operator now intends to complete the wireline logging and wireline sampling programme to obtain more information on the reservoir quality, the hydrocarbon saturations and the fluid type to assess the significance of this discovery. Further information will be released in due course. The completion of the drilling of the Rachel North 14/15-2 well will complete Rockhopper's earn-in on Desire's licences PL03 and PL04 under the terms of the farm-in agreement and result in Rockhopper holding a 7.5% working and economic interest in those licences.

1 Dec 2010

Second gas discovery block 4 offshore Tanzania

Ophir Energy plc ("Ophir"), an Africa-focused upstream oil and gas company, is pleased to announce that a significant gas discovery has been made in the Chewa-1 exploration well. This is the second gas discovery in the Mafia Basin, offshore Tanzania and follows on from the successful Pweza-1 well. The Chewa-1 well is located in Block 4 which is operated by one .... [+ read more] of Ophir's wholly owned subsidiaries on behalf of a joint venture which consists of itself (40%) and BG International ("BG") (60%). The well is located approximately 80km from the coastline in 1,315m of water. The Ophir/BG Joint Venture has interests in Blocks 1, 3 and 4 offshore southern Tanzania. These blocks cover more than 27,000km2 of the Mafia Basin and northern portion of the Ruvuma Basin, in water depths ranging from approximately 100m to greater than 3,000m. Chewa-1 is the second of a three-well sequence which forms part of an Initial Work Programme across Blocks 1, 3 and 4. Upon completion of the Initial Work Programme, which also includes the acquisition of 4,000km2 of 3D seismic data, BG has the option to assume operatorship of all three blocks.

30 Nov 2010

Pacific Bora Contract

In November 2010, Pacific Drilling converted a previously agreed Letter of Intent to a definitive contract for the Pacific Bora drillship with a major international oil company for operations in Nigeria. The term of the contract is three years, with two additional one year options. The Pacific Bora is a sixth generation ultra deepwater drillship with off-line handling. It will travel .... [+ read more] to Nigeria through Cape Town once it has finished commissioning in the KAHN shipyard.

29 Nov 2010

Angklung Discovery

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that the Angklung-1 exploration well in the Bontang PSC, East Kalimantan, Indonesia, has been completed as an oil and gas discovery. Salamander is operator of the Bontang PSC with a 100% interest. The Angklung-1 well was drilled by the Hakuryu-5 semi submersible rig to a total .... [+ read more] depth (“TD”) of approximately 2,850 metres true vertical depth sub-sea (“TVDSS) and encountered 23 - 27 metres of net gas pay in a high quality Lower Pliocene sandstone unit at 1,850 metres TVDSS. Log evaluation indicates that the formation has porosity of up to 30% and permeability of around 50 millidarcies. A drill stem test was conducted across a 10 metre interval of gas-bearing reservoir which flowed at a surface equipment constrained rate of approximately 24 million standard cubic feet per day. Initial analysis suggests that the gas is dry without any indication of CO2 or H2S. In the deeper section, the well encountered a gross 256 metre section of inter-bedded sandstones and shales of Upper Miocene age. Following petrophysical evaluation of a full suite of wire-line logs, this interval is interpreted to contain a net 120 metres of oil-bearing sandstones. A comprehensive sampling and pressure testing programme recovered samples of light oil and gas, though the sandstones were proved to be tight, having low permeability, and are not considered net pay at this location. The well reached TD in a sequence of Upper Miocene carbonates with strong gas shows. Salamander has acquired more than 650 km2 of 3D seismic in the Bontang PSC over the Angklung structure and surrounding prospects. The Angklung trend extends into the neighbouring SE Sangatta block (Salamander 75%, operator) where a 475 km2 3D seismic survey is currently being acquired. The well has been plugged and abandoned as a discovery. The Group will now conduct further technical work to evaluate both the resource potential of the Angklung discovery and the large inventory of prospects within Salamander’s acreage that exhibit similar seismic attributes to the pay section seen in Angklung-1 well. Work will also be undertaken to further understand the Upper Miocene oil play fairway in the area, highlighted by the Angklung-1 well.

15 Nov 2010

Oil discovery in the Mercury-1 exploration well offshore Sierra Leone

Anadarko Petroleum Corporation (NYSE: APC) today announced the Mercury-1 exploration well offshore Sierra Leone encountered approximately 135 net feet of oil pay in two Cretaceous-age fan systems. Mercury is the company's second deepwater test in the Sierra Leone-Liberian Basin and was drilled to a total depth of approximately 15,950 feet in about 5,250 feet of water. "The Mercury well demonstrates .... [+ read more] that the stratigraphic trapping systems we've identified are working, and that the petroleum system is generating high-quality oil," Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. "In the primary objective, the Mercury well encountered approximately 114 net feet of light sweet crude oil with a gravity of between 34 and 42 degrees API, with no water contact. An additional 21 net feet of 24-degree gravity crude was encountered in a shallower secondary objective. "These results continue to build momentum in the basin and enhance our confidence in the team's seismic interpretation and geologic modeling," added Daniels. "We are preserving the wellbore for potential re-entry, DST (drillstem testing) or a down-dip sidetrack to further delineate the reservoir's areal extent, quality and deliverability. We also plan to continue working with the government of Sierra Leone and our partnership to accelerate exploration and appraisal activity in the area in 2011." The Mercury discovery is located in offshore block SL-07B-10 approximately 40 miles east-southeast of Anadarko's previously announced Venus discovery. Anadarko holds an interest in more than 4.6 million acres on five deepwater blocks offshore Sierra Leone and Liberia, and has identified more than 17 prospects and leads on 3-D seismic on this acreage. Once operations are complete at the Mercury well, the company has committed to mobilize the drillship to Ghana to accelerate the appraisal program at the Owo and Tweneboa fields, which the company anticipates sanctioning in 2011. Anadarko operates block SL-07B-10 with a 65-percent working interest. Co-owners in the block include Repsol Exploracion Sierra Leone, S.L. (25-percent working interest) and Tullow Sierra Leone B.V. (10-percent working interest).

15 Nov 2010

Delivery Ceremony COSLPioneer

The COSL Project team are very happy to announce that at 15.15 p.m. today, 15th November 2010 CDE took delivery of COSLPioneer. VP Project Terje Olsen and Project Manager Karl Petter Willumsen were present during the signing cermony. The Project Management would like to thank everyone who has been part of the Construction of COSLPioneer for the efforts put into this .... [+ read more] project. This delivery completes another milestone for COSL Drilling Europe, and the Project Team wishes Lage Nordby, Jan Bergsholm and the operational team good luck with the start up of COSLPioneer.

15 Nov 2010

Securing rig for production drilling in the Norwegian Sea

Statoil has signed a letter of intent with Odfjell Drilling for hire of the Deepsea Bergen rig to be used on our licences in the Norwegian Sea. The contract value is around USD 380 million. As operator of several licences Statoil has awarded a contract to Odfjell Drilling for use of the Deepsea Bergen rig for production drilling on the Halten .... [+ read more] Bank. “We are satisfied with the signing of this agreement,” says Ivar Aasheim, senior vice president for the operations north cluster of the Exploration & Production Norway area. “It secures our future capacity in the rig market, thus enabling us to maintain our production targets in the longer term.” The contract period is three years and includes a one-year option following the completion of the drilling programme. The contract states a daily rate of around USD 346,000, based on the current exchange rate. Statoil has an option to further extend the contract period at a reduced rate. The agreement is subject to partner approval. “In our view, the agreement reflects a sustainable price level for this type of rigs,” says Gunn Vik Grønhaug, who is responsible for procuring drilling and well services in Statoil. “This agreement also confirms the good cooperation between Odfjell Drilling and Statoil.” Deepsea Bergen is a semi-submersible drilling rig, which is currently under a three-year contract with Statoil in the same area.

12 Nov 2010

Rachel North spudded

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum plc (the Operator) that the Rachel North 14/15-2 well, in which Rockhopper holds a 7.5% working interest, was spudded at 10:40 hrs GMT on 12 November 2010. A further announcement will be made once drilling is completed. .... [+ read more]

29 Oct 2010

EXPLORATION WELL IN PL400 SPUDDED, OFFSHORE NORWAY

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 3/8-1 on the Barchan prospect has commenced. The well is located in licence PL400 in the Norwegian North Sea. PL400 is located some 12 km east of the Trym Discovery in the Southern North Sea, close to the boundary between the Norwegian and Danish sectors. .... [+ read more] The well will target sandstones of Permian age in a four way dip and fault bounded structural closure. The Barchan prospect is estimated to contain gross unrisked prospective resources of 150 million barrels of oil equivalent (MMboe). The planned total depth is approximately 4,000 metres below mean sea level. The well will be drilled from the jack-up drilling rig Maersk Guardian. Drilling is expected to take approximately 60 days. Lundin Petroleum is the operator of PL400 with 50 percent interest. Partners are Norwegian Energy Company ASA (Noreco) with 30 percent and Petoro AS with 20 percent interest.

28 Oct 2010

Mandarin-1 Spud

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Marindan-1 exploration well in the Kutai PSC, East Kalimantan, Indonesia. Salamander holds a 23.4% interest in the Kutai PSC. The Marindan-1 well will be drilled to a depth of approximately 3,265 metres true vertical depth sub-sea and is targeting gas in .... [+ read more] multiple stacked sequences comprising both sandstone and carbonate reservoirs of late Miocene to early Pliocene age. The well will be drilled by the Trident-1X jack up rig in a water depth of approximately 55 metres. It is expected to take approximately 30 days to complete on a dry hole basis.

23 Oct 2010

Keppel delivers North Sea-compliant dual-capability high-specification jack-up to Rowan

Keppel FELS Limited (Keppel FELS) has delivered the first of three KFELS N-Class jack-up rigs being built for Rowan Companies, Inc. (Rowan) (NYSE: RDC) safely, on time and within budget. Built to the proprietary KFELS N-Class design, this new-generation rig is the largest jack-up to be constructed in Singapore. This rig design is the brainchild of Keppel's R&D arm, Offshore .... [+ read more] Technology Development (OTD), following Keppel's extensive experience in constructing rigs for the North Sea region since 1985. The North Sea region is one of the world's toughest operating environments for offshore exploration and production.

22 Oct 2010

All set for new exploration wells in the Barents Sea

“Having tested our oil spill preparedness plans ahead of the imminent drilling operations in the Barents Sea, we can now confirm that they perform as planned,” says Knut Harald Nygård, Statoil’s new exploration manager for the Barents Sea. The three operators, Statoil, Eni and Lundin, together with NOFO (Norwegian Clean Seas Association for Operating Companies) and local task forces jointly planned .... [+ read more] and carried out an extensive oil spill response drill on Sørøya in West Finnmark. “We’re very experienced when it comes to exploration in the Barents Sea and are keen to test out our emergency response plans before embarking on a new exploration campaign with Eni and Lundin. It’s important to ensure that the cooperation between the companies, NOFO and local task forces works really well before we commence drilling. We are pleased to have achieved our goals for the drill,” says Nygård. Drill leader Torun Måseide states that all planned drill elements were carried out and that the companies involved are satisfied with the results. “We have verified that we meet all requirements in our emergency plans,” says Måseide. In addition to four NOFO ocean going collection systems, consisting of a total 11 vessels with containment booms and collection devices, the Norwegian Coastal Administration and inter-municipal oil spill protection agency in Mid and North Troms supplied personnel and resources for cleaning up the oil along the coast. The three operator companies will shortly commence four exploration wells in the Barents Sea, the first of which will be drilled by Eni. Statoil will then drill two wells and Lundin one, the first exploration wells drilled in the Barents Sea since 2008. The mobile rig Polar Pioneer will be used on all of them.

22 Oct 2010

Gas discovery Pweza-1 well block 4 offshore Tanzania

Ophir Energy plc ("Ophir") an Africa-focused upstream oil and gas company, is pleased to announce that the Pweza-1 exploration well in the Mafia Basin offshore Tanzania has encountered a thick section of gas-bearing sands. Results from the Pweza-1 well, which has the potential to de-risk other prospects and leads in the basin, are currently being evaluated. The Pweza-1 well is located .... [+ read more] in Block 4 which is operated by one of Ophir's wholly owned subsidiaries on behalf of a joint venture which consists of itself (40%) and BG International ("BG") (60%). The well is located approximately 85km from the coastline in 1,400m of water. The Ophir/BG group joint venture has interests in Blocks 1, 3 and 4 offshore Tanzania which cover more than 27,000sq km of the Mafia Offshore Basin and northern portion of the Ruvuma Basin, in water depths ranging from approximately 100m to greater than 3,000m. The Ophir/BG joint venture now proposes to drill a further two wells as part of this first ever deepwater drilling campaign in Tanzania.

21 Oct 2010

Onyina-1 exploration well finds water bearing reservoirs

Tullow Oil plc (Tullow) announces that the Onyina-1 exploration well in the Deepwater Tano licence offshore Ghana encountered water bearing reservoirs. The Onyina-1 well was drilled to explore a large, high-risk, Campanian prospect between the Tweneboa and Jubilee fields in the northeast of the Deepwater Tano Licence. It intersected 49 metres of good quality sandstone reservoir, on prognosis, however they were .... [+ read more] water bearing at this location. The Sedco-702 dynamically positioned semi-submersible rig drilled Onyina-1 to a total depth of 2,730 metres in water depths of 828 metres. On completion of operations, the rig will move to the Jubilee Unit to assist in the preparations for first oil later in 2010. Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy Ghana (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest). Commenting today, Angus McCoss, Exploration Director, said: "The negative test of the Campanian reservoirs in the Onyina prospect enables further refinement of our exploration and relinquishment strategy offshore Ghana. Good quality Campanian reservoir sands were found as predicted, however the lack of hydrocarbons at this location highlights the high risks of charging and trapping oil in this secondary play. Our main focus remains on the lower risk primary play, the deeper more prospective Turonian reservoirs, where we have had such outstanding success with Jubilee, Tweneboa and Owo."

19 Oct 2010

Securing new rig for production drilling on the Norwegian continental shelf

Statoil has signed a Letter of Intent with Songa Offshore for hire of the Songa Dee rig to drill on the North Sea Gullfaks field. The contract value is around USD 378 million. The rig will carry out production drilling on the Statoil-operated Gullfaks field in the North Sea. It will be used for drilling and completing wells, and will quickly .... [+ read more] contribute to the field production. “The Gullfaks field has considerable remaining resources,” says Torstein Hole, senior vice president for Statoil’s operations west cluster. “Securing important drilling capacity on the field for the next three years, this agreement allows us to implement several measures to improve the Gullfaks oil recovery. The drilling operations will increase the field’s production volumes from 2012, which will strongly boost the recovery rate from the field.” Vidar Birkeland, acting head of procurements in Statoil, is pleased about the company securing necessary future capacity in the rig market. “We find that the agreement reflects a sustainable price level for this type of rig,” says Birkeland. “The agreement further marks the beginning of a co-operation between Songa and Statoil. We have a strategy to increase the diversity, competition and flexibility of this market. For this reason it is important to Statoil to have several rig companies operating in Norway.” Plans call for the rig to start its production assignment for Statoil in August 2011. The contract states a daily rate of USD 345,000. Statoil has an option to extend the contract period from three to four years on the same terms. The agreement is contingent on partner approval.

15 Oct 2010

Dambus-1 Exploration Well, Kutai PSC, Indonesia

Serica and its partners spudded the Dambus-1 offshore exploration well on 4 September 2010 using the jack-up drilling rig Trident IX. The objective of the well was to investigate the potential for gas and oil accumulations in a stacked sequence of Miocene sands. Dambus-1 was drilled as a deviated well to a total depth of 3,225 metres measured depth ("MD") (2,713 .... [+ read more] metres true vertical depth subsea ("TVDSS"). Based on the indicative data obtained while drilling, hydrocarbons were encountered in clean sands in the gross interval 2,070-2,102 metres MD (1,787 - 1,812 metres TVDSS) and there were indications of further hydrocarbon-bearing sands in an interval below 2,760 metres MD (2,340 metres TVDSS). In order to obtain definitive data on the extent of the discoveries the well was plugged back and sidetracked and wireline logs, pressure data and fluid samples were acquired. Sidetrack Dambus-1ST was drilled to a total depth of 2,800 metres MD (2,568 metres TVDSS). Excellent quality gas-bearing Miocene reservoir sands were encountered in the interval 2,025-2,047 metres MD (1,795-1,816 metres TVDSS) of which the net gas-bearing sands amounted to approximately 18 metres. Following an extensive logging and sampling programme in Dambus-1ST, the deeper sands were found to be water bearing. The upper gas-bearing sands alone are not expected to be commercially exploitable and the well is therefore being plugged and abandoned. The Trident IX drilling rig will now move to drill the Marindan exploration well, the second well in the present two-well programme in the Kutai PSC.

13 Oct 2010

Pacific Bora Delivery

On October 13, 2010 the Pacific Bora was delivered to Pacific Drilling by Samsung Heavy Industries. The Bora is a sixth generation ultra deepwater drillship. After the Bora was delivered by Samsung heavy Industries, it moved to the KAHN shipyard until January 2011, where it is currently undergoing scheduled modifications to enhance its completions capabilities. .... [+ read more]

5 Oct 2010

African Petroleum contracts 'Maersk Deliverer' for Liberia drilling

West African focused oil and gas exploration company, African Petroleum Corporation Limited (African Petroleum), is pleased to announce that it has signed a contract with Maersk Drilling for a two well programme, with the option to test both wells, at Blocks 8 and 9, located offshore Liberia, West Africa (Liberian Blocks). The two well programme will be completed using the ultra-deepwater .... [+ read more] semi-submersible, ‘Maersk Deliverer’ drilling rig. The programme is scheduled to commence in the first quarter of 2011. ‘Maersk Deliverer’ is the third in a series of three state-of-the-art newbuild ultra deepwater development semi-submersibles in Maersk Drilling’s fleet.

24 Sep 2010

LUNDIN PETROLEUM SPUDS THE APOLLO PROSPECT EXPLORATION WELL 16/1-14 ON PL338, OFFSHORE NORWAY

Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that drilling of exploration well 16/1-14 in PL338, has commenced. The well will target the Apollo structure, which is situated immediately to the south of the Draupne field in PL001B, and some 5 kms northwest of and down-dip from the Luno field located in PL338. The main objective of the Apollo .... [+ read more] well is to test a possible extension of the Draupne field into PL338. Lundin Petroleum currently estimates unrisked gross prospective resources in the range of 20 to 130 million barrels of oil equivalents (MMboe) for the Apollo prospect in PL338. The planned depth is approximately 2,500 metres below mean sea level and the well will be drilled using the semi-submersible drilling rig Transocean Winner. Drilling is expected to take approximately 50 days. Lundin Petroleum is the operator of PL338 with 50 percent interest. Partners are Wintershall Norge ASA with 30 percent and RWE Dea Norge AS with 20 percent interest.

24 Sep 2010

Result of Flow Test - Technical Update

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to report the following update from the recent flow test on well 14/10-2: "Sea Lion 1". The test was carried out over four perforated intervals totalling 77m between 2,403m and 2,566m (below drill-floor). Upon retrieving the perforating guns, a gun misfire was apparent and .... [+ read more] only the top two intervals were found to have been perforated, meaning the lower two intervals did not contribute to the flow. After perforation, a small amount of oil was produced into the tubing to clean the perforations and enable downhole oil sampling. The well was then shut in for approximately 2 hours to determine the initial reservoir pressure. The final recorded pressure was 3,385 psia at gauge depth (2,344.6m below drill-floor) and was still building. The well was then opened to flow through the three and a half inch test string, initially on a 24/64th choke, opened to a 64/64th choke during the flow period and reduced to 44/64th towards the end of the flow period to allow samples to be taken. The well was flowed for approximately 18 hours without incident and for sustained periods of over 2,000 barrels per day ("BOPD") with a maximum rate of 2,304 BOPD. The final flowing wellhead pressure was approximately 120 psia. A wax dissolver chemical was injected at the subsea test valve to mitigate the appearance of wax. Rockhopper believes that the flow rate was inhibited by incomplete perforation, waxing of the tubing string above 800 metres, increased viscosity of the oil as it cooled in the upper part of the test string and a lack of specialist equipment. As such, the Company estimates that the well could have flowed at approximately 4,000 BOPD without these constraints. Rockhopper also believes that, with a more optimal well location and horizontal well completions, significantly higher flow rates could be achieved from future production wells.

21 Sep 2010

Dana begins drilling the Cormoran exploration well, offshore Mauritania

Dana Petroleum plc is pleased to report that the Dana operated Cormoran-1 exploration well has begun drilling offshore Mauritania, West Africa, just 2 kilometres southeast of Dana’s existing Pelican-1 discovery. The conductor has been run and Dana has already drilled the 26 inch hole section down to approximately 2,226 metres. The current operation is preparing to run 20 inch casing, .... [+ read more] before drilling ahead. Cormoran-1 is being drilled by the Maersk Deliverer drilling rig and is located in Block 7 offshore Mauritania. The planned total depth of the Cormoran well is approximately 4,600 metres and the well is being drilled in a water depth of 1,632 metres. Cormoran is the largest prospect in Dana’s 2010 exploration programme and, based on 3D seismic mapping, has a target reserves range of between 400 million barrels and 780 million barrels of oil equivalent. Dana holds the largest working interest in this Block 7 Production Sharing Contract area with 36%. The well is expected to encounter three discrete zones of interest between approximately 2,890 metres and 4,600 metres.

20 Sep 2010

Hakuryu-5 rig on tow to Bontang PSC

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that the Hakuryu 5 semi-submersible rig has departed Singapore and is under tow en-route to the Bontang PSC, East Kalimantan, Indonesia. It is expected to take approximately 12 days for the rig to arrive on location. Once on location the rig will be used to .... [+ read more] drill the Angklung-1 exploration prospect. Angklung is forecast to contain mean prospective resources of 125 MMboe and the well will take approximately 39 days to drill on a dry hole basis.

13 Sep 2010

Owo-1 sidetrack confirms major oil discovery

Tullow Oil plc (Tullow) announces that the Owo-1 exploration sidetrack in the Deepwater Tano licence offshore Ghana has significantly extended the column of high quality light oil discovered by the Owo-1 well. Results of drilling, wireline logs and samples of reservoir fluids confirm that Owo is a major new oil field. The Owo-1 well encountered 53 metres of net oil pay .... [+ read more] and the sidetrack, drilled 0.6 km east of the Owo discovery well, encountered an additional 16 metres of net oil pay in the lower part of the same channel system. Pressure data indicates that this oil pay is in communication with the reservoirs penetrated in the Owo-1 well and confirms at least 69 metres of total net oil pay in a substantial gross oil column of 200 metres. Beneath the Owo oil field, 13 metres of net condensate pay was also discovered, with an additional 6 metres of net gas pay logged in the deepest sand encountered. No water was encountered in any of the hydrocarbon bearing reservoirs in either well. Following completion of logging operations the well will be suspended for future use in appraisal and development. The Sedco-702 dynamically positioned semi-submersible drilled the Owo-1 sidetrack to a final depth of 3,998 metres in water depths of 1,428 metres. On completion of operations, the rig will remain in the Deepwater Tano block to drill the Onyina-1 exploration well which targets a large Campanian prospect between the Tweneboa and Jubilee fields. Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy Ghana (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

6 Sep 2010

Flow Test Update-Sea Lion 14/10-2 discovery well

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the Ocean Guardian drilling rig is at the location of the Sea Lion 14/10-2 discovery well and that operations to carry out a flow test on the Sea Lion main and lower fans are underway. While testing operations can be more sensitive to .... [+ read more] weather conditions than standard drilling operations, the Company anticipates that operations will be completed in approximately 30 days. A further announcement will be made on completion of operations.

2 Sep 2010

Dambus-1 Exploration Well

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that the Trident-1X jack up rig has arrived at the Dambus-1 (“Dambus”) location in the Kutai PSC, East Kalimantan, Indonesia and drilling operations have commenced. Salamander holds a 23.4% interest in the Kutai PSC. The Dambus exploration well will be drilled to a depth of .... [+ read more] approximately 2,700 metres sub sea and is targeting multiple stacked deltaic sandstone reservoirs of Upper Miocene age. The mean gross pre-drill estimate of prospective recoverable resource is c. 130 MMbo and 300 Bcf of gas. The well will be drilled in a water depth of 85 metres and is expected to take approximately 40 days to complete on a dry hole basis. On completion of the Dambus well the rig will move to the Marindan prospect in the south of the Kutai PSC.

1 Sep 2010

Pride International, Inc. Updates Status on Deepwater Drillship Deep Ocean Ascension

Pride International, Inc. (NYSE: PDE) today announced that it has reached agreement with BP Exploration & Production Inc. (BP) to amend the contract for the Deep Ocean Ascension to provide for a special standby dayrate prior to the startup of the previously agreed five-year term. The Ascension, the first of four new drillships in Pride's ultra-deepwater expansion, is currently in .... [+ read more] the Gulf of Mexico undergoing integrated acceptance testing with BP. The special standby dayrate of $360,000 is effective beginning August 23, 2010, and gives consideration to the existing drilling moratorium in the U.S. Gulf of Mexico. This special standby dayrate will remain in effect until the earlier of April 1, 2011 or the date the rig begins mobilization to its first drilling site, either within or outside the U.S. Gulf of Mexico. The rig will then begin earning the applicable dayrate as already defined in the existing contract for the five-year term, which was unchanged by the amendment. The Company is currently working closely with BP in an effort to find a suitable drilling location in their worldwide portfolio as quickly as possible.

30 Aug 2010

Keppel AmFELS maintains perfect track record with second Rowan rig

Keppel AmFELS L.L.C., the U.S. wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver the second of four EXL rigs to Rowan Drilling Companies, Inc. (Rowan) on time, within budget and with zero lost-time incidents. The rig, christened Rowan EXL-II last Friday, is scheduled for delivery on 31 August and will depart the Keppel .... [+ read more] AmFELS yard within the next month. It is expected to be deployed to Trinidad for three years under contract with BP Trinidad and Tobago.

7 Aug 2010

Keppel to deliver fourth ENSCO 8500® Series deepwater rig on schedule

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8503, the fourth of seven ENSCO 8500 Series® semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV). ENSCO 8503 is scheduled to commence a two-year primary term with Cobalt International Energy, L.P. in the Gulf of Mexico in early 2011. .... [+ read more]

28 Jul 2010

New build contract

Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas and renewables industry, is pleased to announce that it has received a US$ 317 million new contract award from National Drilling Company (“NDC”), Abu Dhabi. This contract with NDC is for the construction and delivery of two jackup rigs valued at US$ 158.5 million each .... [+ read more] with additional optional equipment orders valued at US$ 12.6 million per rig. The rigs will be completely outfitted and equipped, LeTourneau designed, self-elevating Mobile Offshore Drilling Platforms of a Super 116E (Enhanced) Class design. The rigs consist of triangular hulls and three 310 foot truss type legs per rig, each leg with an electro-mechanical rack and pinion elevating system, which will allow drilling in depths of up to 200 feet of water with a rated drilling depth of 30,000 feet. Work on the first rig will commence on 1 August 2010 with delivery scheduled for the middle of Q2 2012. As part of the contract, NDC has options for Lamprell to build two further jackup rigs, valued at US$ 158.5 million per rig, exercisable during the 12 month period commencing on 1 August 2010. Each option includes additional optional equipment orders valued at US$ 12.6 million. Lamprell and Riginvest have agreed that the contract they entered into for the construction of a LeTourneau Super 116E jackup drilling rig will terminate upon signature of the contract between NDC and Lamprell. The rig that was being built for Riginvest will now be built for NDC. Riginvest will receive a portion of the contract advance it initially paid to Lamprell as part of the termination agreement. From an accounting perspective, pursuant to International Financial Reporting Standards, the cancellation of the Riginvest contract will create a material one-off accounting gain in the Company’s financial statements for 2010, the amount of which cannot be determined at this stage.

24 Jul 2010

Keppel delivers Seadrill’s 5th KFELS B CLASS jackup rig

Keppel FELS Limited (Keppel FELS) is on track towards an on-budget and on time delivery of the KFELS B Class jackup rig, West Callisto, to Seadrill Limited (Seadrill) before the end of July 2010. To date, the project has clocked a good safety record of 2.2 million man-hours without incidents. This rig was named at Keppel FELS today by Lady .... [+ read more] Sponsor Mrs Poespawardhani Priyono, spouse Mr R. Priyono, Chairman of BPMIGAS, Indonesia’s upstream oil and gas supervisory agency. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “Together, Keppel and Seadrill have been setting the global standard in offshore drilling since 1993. Our win-win partnership has yielded a fleet of 14 exceptional rigs worth US$1.5 billion. “The successful construction of West Callisto is another strong testimony of the teamwork between our companies. Keppel FELS looks forward to continue supporting our valued customer Seadrill with growing its market leadership in premium rigs.” West Callisto is expected to commence development drilling operations in Indonesia under a nine-month contract with Premier Oil, in the third quarter of 2010.

23 Jul 2010

Ernest 26/6-1 Exploration Well Spud

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that the Ernest 26/6-1 Exploration Well was spudded at 05.15hrs BST on 23 July 2010. The Ernest prospect is located on Licence PL024. Rockhopper will drill Ernest as operator with a 100% interest. The well is being drilled to an estimated .... [+ read more] target depth of circa 2,400 metres. Drilling operations are expected to take approximately 30 days and a further announcement will be made once drilling is completed. Ernest is being drilled using the fourth rig slot in the overall drilling programme of the Ocean Guardian rig. On completion of the Ernest 26/6-1 Exploration Well, it is currently anticipated that the Ocean Guardian will return to Rockhopper's Sea Lion 14/10-2 Well (100% Rockhopper) to conduct flow testing on the oil discovery.

21 Jul 2010

LUNDIN PETROLEUM HAS SPUDDED AVALDSNES EXPLORATION WELL, OFFSHORE NORWAY

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 16/2-6 on the Avaldsnes prospect has commenced. The well is located in Block 16/2, production licence PL501, in the central North Sea sector of the Norwegian Continental Shelf (NCS). The Avaldsnes prospect is located approximately 25 km east of the Lundin Petroleum operated Luno discovery, on .... [+ read more] the opposite side of the Utsira structural high. The target is a Lower Cretaceous/Jurassic age sandstone sequence, analogous to the Luno reservoir, within a combined stratigraphic/four-way dip closure. The gross unrisked prospective resource of the primary Avaldsnes target is estimated by the operator at approximately 130 million barrels of oil equivalent (MMboe). Lundin Petroleum is using the semi submersible drilling rig Transocean Winner to drill the prospect. Drilling is expected to take approximately 38 days, excluding testing. Lundin Norway AS is the operator with 40 percent interest. Partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway AS with 20 percent interest.

1 Jul 2010

Spudding od Tom Hum XANH-1X Exploration Well

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Tom Hum Xanh-1X (“31-THX-1X”) exploration well in Block 31, in the Vinh Chau Graben system, offshore southern Vietnam. Salamander holds an operated 35% interest in Block 31, which was the subject of a previously announced farm out arrangement between Salamander and Origin .... [+ read more] Energy in December 2009. The 31-THX-1X well will be drilled to a depth of approximately 2,500 metres and is targeting oil in the Eocene-Oligocene clastics as well as pre-Tertiary basement in a horst block structure in the centre of the basin. The mean gross pre-drill estimate of prospective recoverable resource is c. 80 MMbo. The well will be drilled by the PVD-1 jack-up rig in a water depth of 18 metres. It is expected to take approximately 32 days to complete on a dry hole basis.

28 Jun 2010

Contracting the Stena Don drilling rig

Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig. The contract value is USD 437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS). The rig was also under contract with Statoil from 2001 to December 2009. .... [+ read more] “We have long experience with Stena Don, and we look forward to continuing the cooperation with this rig,” says Anders Opedal, head of procurements in Statoil. The schedule of work for the rig is being considered by relevant licences on the NCS. The rig will play an important role in Statoil’s efforts to reach its NCS production targets.

15 Jun 2010

'Sevan Driller' heads for drilling location

'Sevan Driller' has left Macae, heading for the drilling location. The advanced deepwater drilling unit is the world's first cylindrical rig and will be operating in the pre-salt area under a six year drilling contract with Petrobras. .... [+ read more]

11 Jun 2010

'Sevan Driller' Accepted by Petrobras

Sevan has been informed that the 'Sevan Driller' has been accepted by Petrobras. The rig will be operating in the pre-salt area offshore Brazil under a fixed six year drilling contract. .... [+ read more]

10 Jun 2010

Statoil completes efficient exploration drilling campaign offshore Newfoundland

Statoil, along with its partners, has finalized a 19-month exploration drilling program offshore Newfoundland. The purpose of the drilling program was to increase the robustness of the Bay du Nord project and to test new areas of the Flemish Pass Basin. Nine wells were drilled safely and efficiently by the Seadrill West Hercules in the Flemish Pass Basin, located approximately 500 .... [+ read more] kilometres east of St. John’s, Newfoundland and Labrador. The results have improved Statoil’s understanding of the frontier Flemish Pass Basin. The drilling program included four exploration wells in close vicinity of the 2013 Bay du Nord discovery, as well as three appraisal wells on the discovery. In addition, two exploration wells were drilled in areas outside the Bay du Nord discovery. The program was conducted in a harsh offshore environment; however, with strong operational and HSE performance, setting several records on drilling speed during the campaign. The drilling program has resulted in two discoveries of oil at the Bay de Verde and Baccalieu prospects in the Bay du Nord area, both of which add to the resource base for a potential development at the Bay du Nord discovery. The appraisal and near-field exploration of the Bay du Nord discovery has reduced key reservoir uncertainties and confirmed that the volumes are within the original volume range of the 300 to 600 million barrels of recoverable oil initially estimated by Statoil in 2013, but potentially towards the lower end of the range. “We are encouraged by the discoveries in the Bay de Verde and Baccalieu wells and the results of the appraisal wells,” said Erling Vågnes, senior vice president, Statoil Exploration, Northern Hemisphere. “Based on the improved understanding of the Flemish Pass Basin petroleum system, we are maturing further prospects that may add volumes to Bay du Nord.” “The Flemish Pass Basin offshore Newfoundland is a frontier area, where only 17 wells have been drilled in the entire basin – in an area that is 30,000 km2,”said Vågnes. “This drilling campaign has been critical both to maturing the Bay du Nord discovery as well as evolving our knowledge of the greater basin and Newfoundland offshore – which remains a core exploration area for Statoil.” The drilling program began in November 2014 and was extended by one month to incorporate the drilling of Baccalieu, a well on a licence awarded by the C-NLOPB in the 2015 land sale, which Statoil was able to progress from access to well-completion in four months. Statoil’s assessment of the commercial potential of the Bay du Nord discovery is ongoing. “The recent drilling program has been critical to Statoil’s continued assessment of Bay du Nord, and work is underway to evaluate the results related to proceeding with a potential Statoil-operated development in the Flemish Pass Basin,” said Paul Fulton, president, Statoil Canada.

9 Jun 2010

Mahogany-5 successfully appraises southeast Jubilee

Tullow Oil plc (Tullow) announces that the Mahogany-5 appraisal well has continued the successful appraisal of the area immediately to the southeast of the Jubilee Field offshore Ghana. The results of drilling, wireline logs and reservoir fluid samples show that the well penetrated a total net oil pay of 23 metres in sandstone reservoirs over a gross interval of 51 metres. .... [+ read more] Reservoir fluid samples recovered 28-32 degree API oil and pressure data have confirmed reservoir communication with the previously drilled Mahogany-4 well. Mahogany-5 completes the appraisal of the southeast Jubilee area and follows successes at the Mahogany-3, Mahogany-4 and Mahogany Deep-2 wells. Geoscience and engineering studies are continuing to refine the potential resource range and to advance development planning activities for this area. The well was drilled by the Atwood Hunter rig to a total depth of 3,988 metres in a water depth of 1,149 metres. The well is located approximately 62km offshore and about 7km southeast of the Mahogany-1 well, the Jubilee discovery well. The rig will now leave Ghana to work for another operator and will return in the fourth quarter of 2010 on a planned nine-month drilling programme in the West Cape Three Points licence. Tullow has a 22.896% interest in the West Cape Three Points licence which is operated by Kosmos Energy.

1 Jun 2010

Toroa Well Spudded

FOGL is pleased to announce that the Toroa F61/5-1 exploration well spudded on Monday 31st May 2010. The Toroa prospect is located in Licence PL15, in which FOGL has a 49% interest. The well is being drilled to an estimated target depth of circa 2,700 metres. Drilling operations are expected to take approximately 35 days and a further announcement .... [+ read more] will be made once drilling is completed.

31 May 2010

LUNDIN PETROLEUM EXPLORATION WELL TO TARGET THE APOLLO PROSPECT IN PL338

Lundin Petroleum AB ("Lundin Petroleum") will drill a new exploration well 16/1-14 in PL338. The well will target the Apollo structure, which is situated immediately to the south of the Draupne field in PL001B, and some 5 kms northwest of and down-dip from the Luno field located in PL338. The main objective of the Apollo well is to test what .... [+ read more] is believed to be a possible extension of the Draupne field into PL338. This discovery, which was recently successfully appraised by the Draupne field partners, is in Upper Jurassic sands at a depth of some 2,400m below sea level. Lundin Petroleum currently estimates unrisked gross prospective resources in the range of 20 to 130 MMboe for the Apollo prospect in PL338. The range of the resources quoted is dependent on the geological model used which is very sensitive to sand thickness variations towards the south into license PL338. The well will be drilled in the third quarter 2010 with the rig Transocean Winner. Lundin Petroleum is the operator of PL338 with a 50 percent interest. Partners are Wintershall Norge ASA with 30 percent and RWE DEA Norge AS with 20 percent interest. Ashley Heppenstall President & CEO commented: "The Apollo well will test an extension of a proven and tested hydrocarbon accumulation with upside potential based upon our geological model. The prospect is close to the Luno discovery and further exploration success in the area will clearly be beneficial in respect of the development of the Greater Luno Area"

21 May 2010

'Sevan Driller' departs from Rio shipyard

The 'Sevan Driller' departed Rio yesterday and is currently en route to Macae where formal acceptance will take place. Total transit time to Macae is approximately 24 hours. Following formal acceptance, the unit will relocate to its first drilling location in the Campos basin. .... [+ read more]

18 May 2010

Third Deepwater Semi-submersible named

On Sunday 16 May Maersk Drilling named the latest addition to the fleet, a Deepwater Development Semi-submersible constructed at Keppel FELS in Singapore. Mrs. Merete Våge, wife of Steinar Våge, President of ConocoPhillips Norway, honoured Maersk Drilling and the yard by naming the newbuilding MÆRSK DELIVERER at a ceremony offshore Singapore. “These rigs are probably the most outstanding and .... [+ read more] complex deepwater rigs ever built. A number of innovative features have been implemented in the design, which will increase the safety of our crew and make the rigs considerably more efficient”, says Claus V. Hemmingsen, CEO of Maersk Drilling. “We are pleased that our third deepwater semi-submersible in this series is going to start up operations in West Africa, a prosperous deepwater area with much activity. The new rig is the third and final unit in a series of three highly advanced Ultra Deepwater Development Semi-submersibles. With its large capacities and highly efficient drilling equipment the new rig is capable of drilling 10,000 m (30,000 ft) into the subsoil measured from the seabed. This makes the rig particularly well suited to drill deep and technically complicated wells as seen among others offshore West Africa, Brazil, the Gulf of Mexico and Southeast Asia. The rig is able to operate in water depths up to 3,000 m (10,000 ft) and can maintain its station either in dynamic positioning (DP) mode or with a pre-laid mooring system. The initial programme for MÆRSK DELIVERER is for Dana Petroleum for drilling offshore Mauretania, West Africa. The contract has a duration of 90 days and commences upon final completion of the deepwater tests and mobilisation to Mauretania.

12 May 2010

Pacific Drilling awarded five year contract for 'Pacific Santa Ana'

Pacific Drilling Limited is pleased to announce the signing of a contract with Chevron USA Inc. for the ‘Pacific Santa Ana’ per the previously released letter of intent. The contract represents a revenue stream of approximately USD895Million over the five year initial term which commences in late 2011. ‘Pacific Santa Ana’, under construction in South Korea, represents the height of current .... [+ read more] drilling technology, with capabilities to operate in up to 12,000ft water depth and drill to over 35,000ft well depth.

12 May 2010

Pacific Santa Ana Awarded 5-year Contract with Chevron

Pacific Drilling Limited is pleased to announce the signing of a contract with Chevron USA Inc. for the Pacific Santa Ana per the previously released letter of intent. The contract represents a revenue stream of approximately $895Million over the five year initial term which commences in late 2011. Pacific Santa Ana, under construction in South Korea, represents the height of .... [+ read more] current drilling technology, with capabilities to operate in up to 12,000ft water depth and drill to over 35,000ft well depth. Pacific Drilling Limited is a privately owned, ultra-deepwater drilling contractor, which has an interest in six Samsung design ultra-deepwater drillships. Four drillships Pacific Bora, Pacific Scirocco, Pacific Mistral and Pacific Santa Ana are expected to be delivered between September 2010 and July 2011 and will be wholly owned and operated by Pacific Drilling. Two vessels are currently operating in India and are held and operated by a 50% JV.

6 May 2010

Sea Lion - Oil Discovery

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to announce that well 14/10-2 on the Sea Lion prospect has reached a depth of 2,744 metres. Initial data collected indicate that this well is an oil discovery, which would be the first in the North Falkland Basin. The Company has run a suite of wireline .... [+ read more] logs and logging data collected thus far indicate that the well has encountered a 150 metre gross interval of sand and shales. The data show that the well has 53 metres of net pay distributed in multiple pay zones, the thickest of which has a net pay of 25 metres. These pay zones have an average porosity of 19%. Rockhopper now intends to collect additional logging information prior to making a decision whether to plug and abandon the well, or to suspend the well for future testing. The Company is also considering whether to drill an appraisal well on Sea Lion later during the current drilling campaign. Further information will be distributed in due course. It remains the intention of the Company to drill the Ernest prospect in the fourth slot of the overall Falklands Drilling programme. Samuel Moody, Managing Director, commented: "We are extremely excited by the results of this well. While we are presently acquiring additional data, current indications are that we have made the first oil discovery in the North Falkland Basin. We will now focus on analysing in more detail the data gathered from the well, in addition to continuing preparations for the drilling of our Ernest prospect later in the year."

4 May 2010

Keppel AmFELS sets perfect track record with first Rowan rig

Keppel AmFELS Inc., the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered the first of four EXL rigs to Rowan Drilling Company, Inc. (Rowan) safely, on time and within budget. The rig, christened Rowan EXL I at the yard last Saturday, is expected to be deployed for work immediately after delivery to serve a 10-month .... [+ read more] contract with McMoRan Exploration Company in the US Gulf of Mexico.

20 Apr 2010

Dahoma-1 exploration well results

Tullow Oil plc (Tullow) announces that the Dahoma-1 exploration well in the West Cape Three Points licence encountered water bearing reservoirs. The Dahoma-1 exploration well was drilled 11 kilometres south of Mahogany-3 to explore a down-dip satellite prospect within the southeast Jubilee area, outside of the main Jubilee Unit Area. It intersected 30 metres of good quality sandstone reservoir below a .... [+ read more] possible oil-water contact and some indications of oil migration point to good potential for oil trapped up-dip. The Atwood Hunter rig drilled Dahoma-1 to a total depth of 4,390 metres in water depths of 1,564 metres and will now move to drill Mahogany-5 to appraise the up-dip oil accumulations eastwards of Mahogany-3. A comprehensive drilling programme is planned for the remainder of 2010 and into 2011 targeting a combination of lower-risk and high-impact exploration and appraisal targets. The next high-impact wildcat is Owo-1, in the Deep Water Tano licence, which will be drilled in June with the Sedco-702 rig targeting the upside potential in the greater Tweneboa fan system. Tullow has a 22.896% interest in the West Cape Three Points licence and its partners are Kosmos Energy (Operator) and a subsidiary of Anadarko Petroleum Corporation, (30.875% each), the E.O. Group (3.5%), Sabre Oil & Gas (1.854%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest). Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

16 Apr 2010

Sea Lion 14/10-B Exploration Well Spud

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that the Sea Lion 14/10-B Exploration well was spudded at 0050hrs BST on 16 April 2010. The Sea Lion prospect is located on Licence PL032 which is 100% owned and operated by Rockhopper. The well is being drilled to .... [+ read more] an estimated target depth of circa 2,700 metres. Drilling operations are expected to take approximately 34 days and a further announcement will be made once drilling is completed. Sea Lion is being drilled using the second rig slot in the overall drilling programme. The Company currently intends to drill its Ernest prospect (100% Rockhopper) using the fourth slot.

15 Apr 2010

Third Deepwater Semi-submersible delivered

On 15 April Maersk Drilling took delivery of the third unit in a series of three identical ultra deepwater development semi-submersible drilling rigs constructed at Keppel FELS in Singapore. "The demand for modern drillings rigs has increased over the past years concurrently with the growing technical challenges we are faced with in the drilling industry. The search for new finds .... [+ read more] is moving to deeper waters and areas with complex soil conditions and more advanced drilling rigs are needed to meet those challenges. Our ultra deepwater semi-submersibles are well equipped to meet this demand”, says Claus V. Hemmingsen, CEO of Maersk Drilling. “Although the activity in the deepwater market was not unaffected by the economic slowdown in 2008 and 2009, the favourable long term oil price outlook will be supportive for exploration and development drilling in the deepwater segment, and we expect to see high demand for deepwater rigs going forward." With its large capacities and highly efficient drilling equipment the new rig is capable of drilling 10,000 m (30,000 ft) into the subsoil measured from the seabed. This makes the rig particularly well suited to drill deep and technically complicated wells as seen among others offshore West Africa, Brazil, the Gulf of Mexico and Southeast Asia. The rig is able to operate in water depths up to 3,000 m (10,000 ft) and can maintain its station either in dynamic positioning (DP) mode or with a pre-laid mooring system. As tradition bids the name of the rig will be revealed at a ceremony at the yard on Sunday 16 May 2010.

7 Apr 2010

Oil and gas discovery just north of Norne

Statoil has found oil and gas in the Fossekall prospect just north of the Norne field in the Norwegian Sea. The proved recoverable resources are provisionally estimated at between 37 and 63 million barrels of oil. The volume of associated and free gas is estimated at between 1-3 billion standard cubic metres of gas. ”I am pleased that we .... [+ read more] have made yet another discovery in the area north of the Norne field,” says Geir Richardsen, Statoil’s head of exploration for acreage close to the infrastructure in the Norwegian Sea. Last year Statoil discovered oil on the Dompap prospect, which also lies north of the Norne field. “These discoveries demonstrate that also the deeper, western parts of the Norne area remain prospectable. This may well have a bearing on our field longevity work,” says Richardsen. Together with its partners the company will consider developing the discovery through a tie-in to Norne, where the storage and production ship Norne receives production from seabed templates. Norne is also linked to the gas infrastructure on the continent by means of the pipeline systems Norne gas export and Åsgard transport via Kårstø in Rogaland. The partners on the PL128 licence are: Statoil (operator, 63.95%), Petoro AS (24.55%) and ENI Norge AS (11.5%).

6 Apr 2010

Extending Seadrill rig contract

Statoil has offered Seadrill a new five-year contract for the use of the West Venture rig on the Norwegian continental shelf (NCS). The contract is worth about USD 712 million. “This contract will be important in ensuring that we are able to reach our production targets,” says Geir Slora, Statoil’s senior vice president for drilling and wells. Plans call for .... [+ read more] the contract to take effect from 1 August 2010, one year before the present contract for Statoil’s use of this rig expires. Under the terms of the new contract, the rig will be used by Statoil until August 2015. Statoil has the option up until January 2011 to extend the contract by a further one or two years at the same rig price. Rig capacity needed Statoil aims to maintain its present production level on the NCS for the next 10 years. Enhanced recovery from existing fields, quick and efficient development of new fields and an active exploration programme are the key measures for achieving this goal. To effectuate these measures, it is crucial that rig capacity is available. The new contract means that Statoil will not exercise the one-year extension option in the existing contract. “We are well pleased with the terms of the agreement and we see that the prices in the rig market are now at a more normal level,” says Anders Opedal, Statoil’s senior vice president for procurement. West Venture is a semi-submersible fifth-generation rig. It has been in operation for Statoil on the Troll field in the North Sea since it was built in 2000.

6 Apr 2010

Liz Well - Gas Discovery

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum PLC (AIM: DES) regarding the Liz 14/19-1 well, in which Rockhopper has a 7.5% working interest: The Liz well 14/19-1, drilled by Desire Petroleum plc, in the North Falkland Basin, has reached a total depth of 3,667 metres. .... [+ read more] Final logging has been completed and the well is now being plugged and abandoned as a gas discovery. The initial log interpretation indicates that 17 metres of net hydrocarbon pay were encountered between 2961 and 3031 metres within a zone of over-pressured, predominantly sandstone, reservoir. A hydrocarbon sample and formation pressures were recovered from this interval. The initial analysis suggests that the hydrocarbon type is wet gas, but its precise characteristics will be confirmed through further analysis. There is no indication from log data or pressure data of a water-leg in this interval. Much work is now required to evaluate the reservoir quality, to determine the trapping mechanism and to assess the potential of this discovery. Dry gas was also recovered from a deeper interval below 3,400 metres indicating that gas pay is present in generally poor quality reservoir but there is considerable uncertainty on the rock type and more work will be required to assess its reservoir potential. This gas is a separate accumulation from that above, in a different pressure regime. Again further work is required to assess the significance of this interval. The Liz fan was encountered between 2,540 and 2,568 metres. Good oil shows were recorded while drilling but logging and sampling confirmed that this reservoir interval was tight. It is believed the Beth fan was also penetrated between 2,654 and 2,672 metres also with oil shows in tight reservoir. In both fans, work will now try to determine whether better quality reservoir may be developed updip. Weak oil shows were also noted in conglomeratic zones between 2,706 and 2,932 metres. The well was not suspended for later testing as the well was not designed to test over pressured gas. Additionally, further technical work is required in order to understand better the reservoirs to ensure any test is designed optimally. Due to increasing overpressure concerns the well did not reach the deepest play type in the pre-rift. Subsurface support is provided to Desire Petroleum by Senergy (GB) Ltd and the results reported today are based on the work of the Senergy operations team. Once Liz has been plugged and abandoned the Ocean Guardian drilling rig will be released to Rockhopper when it will relocate to drill the Sea Lion 14/10-B Exploration well (100% Rockhopper) on the western margin of the North Falkland Basin.

29 Mar 2010

'Sevan Driller' arrives in Brazil

‘Sevan Driller’ arrived in Rio de Janeiro, Brazil on Saturday March 27th, 2010. The UDW drilling unit will undergo custom clearance and acceptance testing by Petrobras prior to commencement of operation under its six year contract. .... [+ read more]

17 Mar 2010

New rig contracts signed

Statoil has awarded a contract to Dolphin AS and a letter of intent to Seadrill for two rigs which will operate on the Norwegian continental shelf (NCS). The Bideford Dolphin rig has won a three-year contract with start-up from 27 January 2011. The contract is worth about USD 421 million. Statoil has an option to extend the contract from three to .... [+ read more] four years by 1 November 2010. The value of the contract will then increase to about USD 553 million. Dolphin AS is a wholly-owned subsidiary of Fred Olsen Energy ASA. Seadrill’s West Epsilon rig has been awarded a letter of intent for a four-year contract to take effect on 29 December 2010. This contract is worth about USD 394 million. The agreement is conditional on partner approval. Statoil can extend the contract period to five or six years before 1 October 2010. There will also be an option to extend the contract for an additional two years. Both rigs are working for Statoil at present. “We have great expectations that these rigs will continue their improvement efforts in health, safety and the environment and in drilling operations,” says Geir Slora, senior vice president for drilling and wells in Exploration & Production Norway. Before the global economic problems took full effect Statoil found that the rig rates had increased too much, and they did not decrease correspondingly when the market circumstances changed. Anders Opedal, senior vice president for procurement in Projects & Procurement, says that the rig rates are now at a more sustainable level. “We see that the cost level for rig charter is better adapted to the current market situation and we look forward to continuing cooperation with the two rigs,” says Opedal. “They will play an important part in helping us reach out production targets for the NCS in the next few years.”

17 Mar 2010

New rig contracts signe

Statoil has awarded a contract to Dolphin AS and a letter of intent to Seadrill for two rigs which will operate on the Norwegian continental shelf (NCS). The Bideford Dolphin rig has won a three-year contract with start-up from 27 January 2011. The contract is worth about USD 421 million. Statoil has an option to extend the contract from three to .... [+ read more] four years by 1 November 2010. The value of the contract will then increase to about USD 553 million. Dolphin AS is a wholly-owned subsidiary of Fred Olsen Energy ASA. Seadrill’s West Epsilon rig has been awarded a letter of intent for a four-year contract to take effect on 29 December 2010. This contract is worth about USD 394 million. The agreement is conditional on partner approval. Statoil can extend the contract period to five or six years before 1 October 2010. There will also be an option to extend the contract for an additional two years. Both rigs are working for Statoil at present. “We have great expectations that these rigs will continue their improvement efforts in health, safety and the environment and in drilling operations,” says Geir Slora, senior vice president for drilling and wells in Exploration & Production Norway. Before the global economic problems took full effect Statoil found that the rig rates had increased too much, and they did not decrease correspondingly when the market circumstances changed. Anders Opedal, senior vice president for procurement in Projects & Procurement, says that the rig rates are now at a more sustainable level. “We see that the cost level for rig charter is better adapted to the current market situation and we look forward to continuing cooperation with the two rigs,” says Opedal. “They will play an important part in helping us reach out production targets for the NCS in the next few years.”

15 Mar 2010

Pacific Drilling Announces Letter of Intent with Chevron

Pacific Drilling today announced it has entered into a Letter of Intent with Chevron USA, Inc. for the ultra-deepwater drillship “Pacific Santa Ana” to operate in the Gulf of Mexico. The “Pacific Santa Ana” drillship will provide Chevron and Pacific Drilling the opportunity to develop and deploy Dual Gradient Drilling technology during its activities in the deep waters of .... [+ read more] the Gulf of Mexico. Pacific Santa Ana, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000 feet water depth and drill to over 35,000 feet well depth. Pacific Drilling Limited is a privately owned, ultra-deepwater drillship operator, which has an interest in six ultra-deepwater drillships. The first two vessels, which have been delivered and are under contract, are held in a 50% JV. The remaining four are expected to be delivered between September 2010 and July 2011 and will be wholly owned and operated.

15 Mar 2010

Pacific Drilling receives LOI from Chevron for 'Pacific Santa Ana'

Pacific Drilling today announced it has entered into a Letter of Intent with Chevron USA, Inc. for the ultra-deepwater drillship ‘Pacific Santa Ana’ to operate in the Gulf of Mexico. The ‘Pacific Santa Ana’ drillship will provide Chevron and Pacific Drilling the opportunity to develop and deploy Dual Gradient Drilling technology during its activities in the deep waters of the Gulf .... [+ read more] of Mexico. ‘Pacific Santa Ana’, under construction in South Korea, represents the height of current drilling technology, with capabilities to operate in up to 12,000 feet water depth and drill to over 35,000 feet well depth.

11 Mar 2010

Discoverer Inspiration Begins Five-Year Contract With Chevron

Transocean Ltd. (NYSE:RIG) today announced that the newbuild ultra-deepwater drillship Discoverer Inspiration has commenced operations for Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:CVX), in the U.S. Gulf of Mexico under a five-year drilling contract. The dynamically positioned double-hulled Discoverer Inspiration includes the most advanced drilling capabilities in the offshore drilling industry. The vessel is an enhanced version .... [+ read more] of Transocean's three predecessor Enterprise-class drillships, which have set deepwater drilling records in recent years, including the world water-depth drilling record of 10,011 feet set by the Discoverer Deep Seas while working for Chevron in the U.S. Gulf of Mexico.

8 Mar 2010

Transocean Ltd. Announces Ultra-Deepwater Drillship Dhirubhai Deepwater KG2 Begins Five-Year Contract in India

Transocean Ltd. (NYSE:RIG) today announced that the newbuild ultra-deepwater drillship Dhirubhai Deepwater KG2, which is owned by a joint venture with Pacific Drilling Limited, has commenced operations for Reliance Industries in India under a five-year drilling contract. The dynamically positioned Dhirubhai Deepwater KG2, one of 24 Ultra-Deepwater Floaters in the Transocean fleet, includes the most advanced drilling capabilities in the offshore .... [+ read more] drilling industry. The vessel features National Oilwell Varco drilling packages, significant off-line tubular-handling and stand-building capabilities, advanced mud system designs, systems for building, storing and running several subsea trees and efficient riser and BOP (blowout preventer) handling systems. The drillship has a variable deckload of approximately 20,000 metric tons and is equipped to work in water depths of up to 12,000 feet and outfitted to construct wells up to 35,000 feet deep. In addition to the Dhirubhai Deepwater KG2 and five newbuild units placed into service last year, Transocean has four newbuild Ultra-Deepwater Floaters in various stages of construction or preparation for initial contracts which are scheduled to commence operations in 2010 and 2011. Those four units are the Discoverer Inspiration, the Discoverer India, the Discoverer Luanda (the latter owned by a joint venture company with Angco Cayman Limited) and the Deepwater Champion.

23 Feb 2010

Minor oil discovery in the Tampen area

Statoil has proven the existence of oil in a well in the Tampen area in the north-eastern area of the Snorre field in the North Sea. The purpose of the Statoil-operated well was to prove petroleum in the Upper Triassic reservoir rocks that belong to the lower parts of the Lunde formation. The find has been named Lower Lunde, and .... [+ read more] its size has been estimated to be between 6 and 19 million barrels of oil equivalents. The well formations are of good reservoir quality. The well was not formation tested, though samples were taken and data collected. “Together with the other discoveries on Tampen in 2009 – such as Vigdis Nordøst, Pan/Pandora and Titan – the Lower Lunde find will help maintain production from the major fields in the area during coming years,” says Nicholas Ashton, who is head of infrastructure-led exploration in the Tampen area. The Snorre Unit licensees will consider tying in production from the find to Snorre. Snorre Unit, formed in 1988 around the Snorre field, covers parts of production licences PL057 and PL089. The well will now be permanently plugged and abandoned. Well 34/4-2 A was drilled by the Ocean Vanguard rig, which will now proceed to production licence PL128 in the Norwegian Sea to drill the Fossekall prospect et on exploration well 6608/10-14 S, where Statoil is operator.

22 Feb 2010

Liz 14/19-A Exploration Well Spud

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum PLC (AIM: DES) that the Liz 14/19-A Exploration well, in which Rockhopper has a 7.5% working interest, was spudded on 22 February 2010. .... [+ read more]

15 Feb 2010

Rig Contract Agreement Secured

Further to our press release dated 26 November 2009 FOGL is pleased to announce that it has reached an agreement with Desire Petroleum plc to contract the Ocean Guardian rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect, which it expects will be within the first half of 2010. .... [+ read more]

10 Feb 2010

Small oil discovery in the Tampen area

A limited oil column was proven during drilling of an exploration well on the Omega Nord prospect six kilometres north-east of the Snorre field in the North Sea. However, the reservoir qualities of the sand and shale rocks were below expectations and the find is probably not commercially viable. The purpose of the exploration well was to confirm the presence .... [+ read more] of petroleum in upper Triassic reservoir rocks in the Lunde formation. We have achieved good results in infrastructure-led exploration the last few years, but this well did not produce the results we had hoped for, says Tom Dreyer, head of infrastructure-led exploration in the North Sea. Drilling of the exploration well is now concluded. No formation test was performed in the well, but extensive data gathering and sampling were made. This is the 12th exploration well in production licence 057, which was awarded in the fourth licensing round in 1979. The well was drilled to a vertical depth of 2,940 metres below sea level and was completed in the lower part of the Lunde formation. Water depth in the area is 385 metres. Exploration well 34/4-12 S was drilled by Ocean Vanguard, which will now drill exploration well 34/4-12 A in Snorre Unit from the same rig position. The licensees in PL 057 are: Statoil (operator) (31.0%), Petoro AS (30.0%), RWE Dea Norge AS (24.5%), Idemitsu Petroleum Norge AS (9.6%) and Hess Norge AS (4.9%).

4 Feb 2010

EXPLORATION WELL IN PL359 SPUDDED, OFFSHORE NORWAY

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 16/4-5 on the Luno High prospect in the Greater Luno Area has commenced. The well in PL359 is located 9 km south of the Luno field on the southern Utsira High in the North Sea. Well 16/4-5 in PL359 will target sandstones of Jurassic and .... [+ read more] Triassic age in a combined stratigraphic-/structural trap. The Luno High prospect is estimated to contain gross unrisked prospective resources of 103 MMboe. The well will also test potential basement prospectivity similar to that encountered in well 16/1-12 (Luno South). The planned total depth is approximately 2,275 meters below mean sea level. The well will be drilled from the semi-submersible drilling rig Transocean Winner. Drilling is expected to take approximately 50 days. Lundin Petroleum is the operator and has a 40 percent working interest in the license. Partners are Statoil Petroleum AS with 30 percent and Premier Oil Norge AS with 30 percent.

2 Feb 2010

Keppel AmFELS delivers jackup Tuxpan to Perforadora Central on time

Keppel AmFELS Inc., the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered its first rig in 2010 to Mexico’s Perforadora Central SA de CV, safely, on time and within budget. Mr Patricio Alvarez Morphy, President of Perforadora Central, said, “Tuxpan is built to the highest standards of safety and quality under the expert project management .... [+ read more] and construction capabilities of Keppel AmFELS. We are confident that this fine rig will achieve a strong operational record when she begins work.” Tuxpan is the second jackup rig that Keppel AmFELS has built for Perforadora Central. Built to the LeTourneau Super 116E design and with leg lengths of 511ft, Tuxpan can drill wells up to 30,000ft in water depths of 375ft.

2 Feb 2010

Drilling Programme Update

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that it has been formally assigned two slots with the Ocean Guardian drilling rig ("Ocean Guardian"), to drill Sea Lion and Ernest, during its forthcoming drilling campaign in the Falklands. This assignment is pursuant to a rig contract between Desire Petroleum PLC .... [+ read more] ("Desire") and Diamond Offshore Drilling (UK) Limited ("Diamond") and an assignment document between Desire, Diamond and Rockhopper dated 12th November 2009. The Ocean Guardian is due to arrive in the Falklands in February 2010. The first well to be drilled by the rig, due to spud in mid February 2010, will be Liz (Rockhopper: 7.5 per cent interest), located on the western margin of the North Falkland Basin and operated by Desire (92.5 per cent interest). The second well to be drilled by the Ocean Guardian upon its release from Liz will be Sea Lion (Rockhopper: 100 per cent owned and operated). The prospect is located on the eastern basin margin of the North Falkland Basin and is in close proximity to the Shell well 14/10-1, which recovered live oil. Rockhopper will then be assigned either the third or fourth slot to drill the Ernest well. Ernest is located in licence PL024 and has a positive CSEM (Controlled Source Electromagnetic Anomaly). The Ocean Guardian drilling rig departed the Cromarty Firth in Scotland on Thursday 26 November en route to Liz, in the North Falkland Basin. Further information regarding the upcoming drilling campaign is contained in Rockhopper's announcement about the recent share placing dated 26 October 2009.

21 Jan 2010

Tweneboa-2 discovers significant oil and gas-condensate field

Tullow Oil plc (Tullow) announces that the Tweneboa-2 exploratory appraisal well, being drilled some 6 km southeast of the Tweneboa-1 discovery, has intersected a significant combined hydrocarbon column. Results of drilling, wireline logs and samples of reservoir fluids establish that Tweneboa is a major oil and gas-condensate field. The well has encountered a gross reservoir interval of 153 metres containing 32 .... [+ read more] metres of net hydrocarbon pay in stacked reservoir sandstones, comprising a 17 metre oil bearing zone below a 15 metre gas-condensate bearing zone. A combined hydrocarbon column of at least 350 metres has been established between the lowest known oil in Tweneboa-2 and the top of the gas-condensate at Tweneboa-1, demonstrating this is a highly prospective and extensive turbidite fan system that will be evaluated with additional drilling. Following completion of logging operations the well will be deepened to test further exploration potential beneath the Tweneboa field. The well will then be suspended for future use in appraisal and development. The Atwood Hunter semi-submersible drilled Tweneboa-2 in the Deepwater Tano block to an interim depth of 3,860 metres in water depths of 1,321 metres. On completion of operations on Tweneboa-2, the rig will move to drill an exploration well in the West Cape Three Points block east of the Jubilee field. Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

19 Jan 2010

Keppel FELS delivers first rig of 2010 on time and within budget

Keppel FELS Limited (Keppel FELS) has delivered ENSCO 8502, the third of seven ENSCO 8500 Series® semisubmersible (semi) drilling rigs it has been contracted to build exclusively for Ensco International (NYSE:ESV). Delivered seven days ahead of schedule, ENSCO 8502 is on track to commence operations in the U.S. Gulf of Mexico in the second quarter of 2010, under a two-year .... [+ read more] contract with Nexen Petroleum U.S.A. Inc. with term extension options. The early completion was a culmination of progressive productivity gains achieved by Keppel FELS on the construction of the Series. Construction lead time for ENSCO 8502 was reduced by 1.1 million manhours, as compared to the first rig in the Series. This represents a 15% boost in efficiency.

18 Jan 2010

EXPLORATION WELL IN PL476 SPUDDED, OFFSHORE NORWAY

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of the exploration well 6507/11-10 on the Frusalen prospect has commenced. The well is located in licence PL476 in the Norwegian North Sea. PL476 is located some 10 km northeast of the Midgard part of the Åsgard Field. Well 6507/11-10 will target sandstones of Middle Jurassic age in a .... [+ read more] structural trap. The Frusalen prospect is estimated to contain gross unrisked prospective resources of 45 millions of oil equivalents (MMboe). The planned total depth is approximately 2,300 meters below mean sea level. The well will be drilled from the semi-submersible drilling rig Songa Delta. Drilling is expected to take approximately 35 days. Lundin Petroleum has a 30 percent working interest in the licence which is operated by Det Norske Oljeselskap ASA (Det Norske).