Infield Rigs News

31 Dec 2014

Lundin comes up dry at Lindarormen

Lundin Norge AS, operator of production licence 584, is in the process of completing drilling of wildcat well 6405/12-1. The well was drilled approx. 80 kilometres northeast of the Ormen Lange field in the Norwegian Sea. The well’s primary and secondary exploration targets were to prove petroleum in Palaeocene and late Cretaceous reservoir rocks (Tang formation and Shetland group, respectively). .... [+ read more] The well did not encounter a reservoir in the Tang formation. Traces of gas were encountered in sandstone of poor reservoir quality in the Shetland group. The well is classified as dry. This was the first exploration well in production licence 584, which was awarded in APA 2010. Well 6405/12-1 was drilled to a vertical depth of 3305 metres below the sea surface and was terminated in the Springar formation in upper Cretaceous. Water depth is 418 metres. The well will now be permanently plugged and abandoned. The well was drilled by the Bredford Dolphin drilling facility, which is now proceed to a contract with RWE Dea Norge AS.

30 Dec 2014

Seadrill purchases 'West Polaris' drillship

Seadrill Limited ("Seadrill" ) has announced it has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited ("Ship Finance"). The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options commencing in 2012. The purchase option price is USD456 million and total .... [+ read more] consideration payable to Ship Finance is USD108 million. The transaction will be executed as a purchase of shares in Ship Finance's asset owning subsidiary SFL West Polaris Limited, which is currently a consolidated entity in Seadrill. Seadrill does not expect any immediate material impact to its financial statements as a result of this transaction. The West Polaris is currently on a long-term charter with ExxonMobil in Angola, where it is contracted until February 2018.

30 Dec 2014

'ENSCO 104' spuds SP-1X well in Myanmar

Maurel & Prom is participating in the drilling of an offshore exploration well in Myanmar. The SP-1X exploration well, on Block M2 and operated by PetroVietnam Exploration & Production (“PVEP”), was spudded on 27th December 2014 and should last at least two months. PVEP contracted the ENSCO 104 jackup rig to drill the well. .... [+ read more]

29 Dec 2014

Det Norske receives consent to drill production wells on Alvheim field

Det norske oljeselskap ASA (“Det norske”) has received consent to use Transocean Winner to drill production wells on the Alvheim field.Alvheim is an oil and gas field in blocks 24/6 and 25/4 in the central part of the North Sea, west of Heimdal and close to the boundary with the UK sector. Production on the field began in 2008. Det norske .... [+ read more] is the operator of the Alvheim field, following the company's purchase of Marathon Oil Norge AS, the field's former operator. The Alvheim field has been developed using a floating production, storage and offloading (FPSO) unit and subsea wells. Oil is stored in the production facility and exported by tanker. Gas is exported through a pipeline connected to a pipeline system on the UK shelf. The PSA has given Det norske consent to use the Transocean Winner mobile drilling facility to drill two new subsea production wells on the Alvheim field. The wells are designated 24/6 K-6 and 24/6 A-5. The consent also covers workover of production well 24/6 B-2.Water depth in the area is 120-130 metres. Drilling is scheduled to start in February 2015 and the activities associated with the first well are estimated to last 139 days.

29 Dec 2014

BG set to spud exploration well in Tampen area

BG Norge AS (“BG”) has received consent to drill exploration well 34/3-5. BG is the operator for production licence PL 373 in the Tampen area in the northern North Sea. The PSA has given BG consent to drill exploration well 34/3-5 in a prospect named Jordbær Sør. The well is to be drilled by the Transocean Searcher mobile drilling facility. Drilling .... [+ read more] is estimated to last for 66 days. Water depth at the site is 403 metres.

29 Dec 2014

'Sedco Express' rig arrives at Oyo field in Nigeria

CAMAC Energy Inc. (“CAMAC”) announced today that the semi-submersible drilling unit, Sedco Express, has arrived to the Oyo Field located in OML 120 offshore Nigeria. CAMAC has contracted the Sedco Express to expedite the timing of production tie-in from the Oyo-7 and Oyo-8 development wells. The Sedco Express is under contract for use on up to three wells and the .... [+ read more] Company intends to use the rig to complete the Oyo-7 and Oyo-8 wells horizontally. CAMAC is also considering using the rig to drill the Company’s first Miocene-target exploration well.

29 Dec 2014

SBI Offshore contracted to procure semisub drilling package

SBI Offshore Limited (“SBI Offshore”) has announced that China Sunrise Group Co. Ltd. ("CSG") has appointed the company as the lead contractor responsible for procurement of drilling equipment systems (“DES”) of a CS70 semi-submersible offshore rig. Designed by Moss Maritime of Norway, the rig will be built in China. Guangzhou-based CSG, which will own the proposed rig, has entered into a .... [+ read more] memorandum of intent with the Company in relation to the exclusive appointment. Intended for deployment in the North Sea (Norsok Compliance) at up to 3,600 meters water depth, the dual drilling semi-submersible will be the largest of its kind to be built in China to date. CSG has short-listed three state-owned shipyards in China to construct the rig. Work is expected to commence in the first half of 2015 for completion in 42 months. SBI Offshore has signed technical agreements with two of the three short-listed yards and is expected to conclude a signed technical agreement with the third yard by mid-January 2015. Upon appointment by CSG, the successful shipyard is expected to enter into an engineering, procurement and commissioning (“EPC”) agreement by the first half of 2015 with respect to DES package

23 Dec 2014

CIMC Raffles to construct newbuild jackup for Sinopec

CIMC Raffles has announced that the company has been awarded a newbuild contract for the construction of a 300ft jackup rig. The newbuild jackup contract has been ordered by Sinopec Shengli Petroleum Engineering Co. Ltd and will be managed by Shengli Offshore Drilling Company upon completion. The unit will be capable of drilling in water depths of 300ft and down to .... [+ read more] a maximum depth of 30,000ft. The jackup design is based on a design supplied by Shengli Drilling Technology Research Institute of Sinopec, whilst the rig will be classed by the China Classification Society (CCS). A delivery date for the unit has not yet been announced.

22 Dec 2014

Statoil makes minor discovery at Krafla North well

Statoil Petroleum AS, operator of production licence 035, is about to complete drilling of wildcat well 30/11-10. The well proved oil. The well was drilled just north of the 30/11-8 S gas/oil/condensate discovery which was made in 2011, and about 25 kilometres southwest of the Oseberg South field in the northern part of the North Sea. The objective of the .... [+ read more] well was to prove petroleum in Middle Jurassic reservoir rocks (Tarbert, Ness and Etive formations). Well 30/11-10 encountered an oil column of a total of 80 metres in the upper to middle Tarbert formation and 20 metres in the Etive formation, both with generally poor reservoir properties. Mobile oil was encountered in the Ness formation in good quality reservoir rocks. Preliminary calculation of the size of the discovery is between one and three million Sm3 recoverable oil equivalents. The licensees will evaluate the discovery together with the development of other discoveries in the production licence. The well was not formation tested, but extensive data acquisition and sampling were carried out. This is the eighth exploration well in production licence 035. The licence was awarded in the 2nd licensing round in 1969. Well 30/11-10 was drilled to a vertical depth of 4054 metres below the sea surface, and was terminated in the Dunlin group in the Lower Jurassic. Water depth is 105 metres. Well 30/11-10 was drilled with the Transocean Leader drilling facility, which will drill sidetrack well 30/11-10 A after completing this well.

22 Dec 2014

Suspension of 'Scarabeo 5' set to end following new PSA approval

Statoil has received consent to use Scarabeo 5 for plugging and production drilling. Statoil is the operator of the Kristin field, which is in blocks 6406/2 and 6506/11 at Haltenbanken in the Norwegian Sea. Statoil will plug well 6406/2-R-4 BHT2 permanently and simultaneously drill a new production well as a sidetrack from the well being plugged. The new production well will .... [+ read more] be designated 6406/2-R-4-CH. Water depth at the site is 355 metres and the combined activities are estimated to last 138 days.

22 Dec 2014

PSA approves Lundin's plan to drill Luno II well in Norway

Lundin has received consent to carry out exploration drilling of well 16/4-9 S. Lundin Norway AS (Lundin) is the operator for production licence PL 359 in blocks 16/1 and 16/4 in the central North Sea. The area is around 200 kilometres west of Stavanger. Lundin is to drill appraisal well 16/4-9 S in a prospect named Luno II, to investigate the .... [+ read more] discovery's potential. Water depth at the site is 125 metres.

19 Dec 2014

Wintershall gets nod to drill Imsa prospect

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for wellbore 6406/2-8, cf. Section 8 of the Resource Management Regulations. Wellbore 6406/2-8 will be drilled from the Transocean Arctic drilling facility at position 64°45`13.95" north and 6°30´9.18" east after completing the drilling of wildcat well 33/2-1 for Lundin Norway AS in production licence 555. The drilling programme .... [+ read more] for wellbore 6406/2-8 relates to drilling of a wildcat well in production licence 589. Wintershall Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are RWE Dea Norge AS (30 per cent) and Repsol Exploration Norge AS (30 per cent). The area in this licence consists of parts of blocks 6406/2 and 6406/5. The well will be drilled about 20 kilometres south of the Kristin field. Production licence 589 was awarded on 4 February 2011 (APA 2010). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

19 Dec 2014

RWE hits dust with North Sea wildcat

RWE Dea Norge AS, operator of production licence 420, is in the process of concluding the drilling of wildcat well 35/9-12 S. The well was drilled about 20 kilometres southwest of the Gjøa field in the North Sea and about 80 kilometres southwest of Florø. The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks (Intra .... [+ read more] Heather formation sandstone). Well 35/9-12 S encountered reservoir rocks in two sandstone layers in the Heather formation, both of good quality and with traces of petroleum. The well will be classified as dry. Extensive data acquisition and sampling have been carried out. This is the fourth exploration well in production licence 420. The licence was awarded in APA 2006. Well 35/9-12 S was drilled to vertical and measured depths of 3423 and 3531 metres below sea level, respectively and was terminated in the Rannock formation in the Middle Jurassic. Water depth at the site is 358 metres. The well will be permanently plugged and abandoned. Well 35/9-12 S was drilled by the Leiv Eiriksson drilling facility, which will now drill wildcat well 6406/6-4 in production licence 510 in the Norwegian Sea, where Maersk Oil Norway AS is the operator.

18 Dec 2014

Lamprell delivers newbuild jackup to NDC

Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces the completion of construction on a further jackup drilling rig, the Al Shuwehat, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), safely, within budget and as scheduled. This follows the recent announcement on 12th November when the Group received a new .... [+ read more] contract award from NDC for the construction of two further jackup drilling rigs of a similar design and high specification, which is valued at approximately USD365 million. The contract for the Al Shuwehat rig was signed in April 2012 and this is the fifth in a series of eight rigs with the LeTourneau Super 116E (Enhanced) Class design which are being built and delivered by Lamprell to NDC. This latest rig has been delivered to the client following the completion of the third and fourth rigs, the Qarnin and the Marawwah respectively, earlier this year. Lamprell has achieved another Company record with the delivery of three drilling units to one client in a single year. The Al Shuwehat rig is the 11th Super 116E jackup drilling unit that the Group has delivered to various clients during the last six years. The jackup rig was officially named, and completion marked, at a ceremony held at Lamprell’s Hamriyah facility in the United Arab Emirates earlier today, prior to departure for operations at its drilling location in Abu Dhabi.

18 Dec 2014

Lamprell delivers newbuild jackup to NDC

Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces the completion of construction on a further jackup drilling rig, the Al Shuwehat, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), safely, within budget and as scheduled. This follows the recent announcement on 12th November when the Group received a new .... [+ read more] contract award from NDC for the construction of two further jackup drilling rigs of a similar design and high specification, which is valued at approximately USD365 million. The contract for the Al Shuwehat rig was signed in April 2012 and this is the fifth in a series of eight rigs with the LeTourneau Super 116E (Enhanced) Class design which are being built and delivered by Lamprell to NDC. This latest rig has been delivered to the client following the completion of the third and fourth rigs, the Qarnin and the Marawwah respectively, earlier this year. Lamprell has achieved another Company record with the delivery of three drilling units to one client in a single year. The Al Shuwehat rig is the 11th Super 116E jackup drilling unit that the Group has delivered to various clients during the last six years. The jackup rig was officially named, and completion marked, at a ceremony held at Lamprell’s Hamriyah facility in the United Arab Emirates earlier today, prior to departure for operations at its drilling location in Abu Dhabi.

18 Dec 2014

PSA approves 'Maersk Interceptor' for Ivar Aasen drilling

Det norske oljeselskap ASA (Det norske) is the operator on the Ivar Aasen field, in block 16/1 in the central North Sea. The field is around 175 kilometres west of Karmøy in Rogaland county. Det norske will be drilling three appraisal wells, designated 16/1-21 S, 16/1-21 A and 16/1-22. The first two consist of a main bore and a sidetrack, meaning .... [+ read more] that the three wells will be drilled from two different locations.The combined duration of the drilling activities will be 153 days. The water depth at the two locations is 113 and 111 metres. The wells will be drilled using the Maersk Interceptor mobile drilling facility, operated by Maersk Drilling Norge AS. The facility was delivered by the Keppel FELS Shipyard in Singapore in 2014. It is registered in Singapore and classified by DNV GL.

18 Dec 2014

Lundin set to spud Zulu prospect in Norway

Lundin has received consent to drill exploration well 26/10-1 in the North Sea. Lundin is the operator of production licence PL674, which comprises blocks 26/10 and 17/1 in the central North Sea, around 150 kilometres west of Stavanger. Exploration well 26/10-1 is intended to investigate the hydrocarbon potential of a prospect named Zulu. Water depth at the site is 170 metres. .... [+ read more] The well is to be drilled by the Island Innovator mobile drilling facility. The facility is a type GM4000, delivered by the Cosco Zhoushan Shipyard in China in 2012. Island Innovator is owned by Marine Accurate Well ASA and operated by Odfjell Drilling. It is registered in Norway and classified by DNV GL.

18 Dec 2014

Transocean scraps seven floating rigs

Transocean Ltd. (Transocean) is set to incur a non-cash fourth-quarter charge of USD100 - USD140 million after deciding to scrap another seven rigs due to a market slump that has hit utilisation and dayrates. The world’s largest rig manager said in its latest fleet update it would be disposing of the lower-specification deep-water and mid-water floaters Sedco 710, Sovereign Explorer, Sedco .... [+ read more] 700, Sedco 601, JW McLean, GSF Arctic 1 and Falcon 100. It brings the total tally of rigs being scrapped in 2014 to 11 after the company already decided to ditch the Sedneth 701, Sedco 703, Sedco 709 and CK Rhein Jr.

16 Dec 2014

Det Norske to spud Ivar Aasen appraisal wells with 'Maersk Interceptor'

The Norwegian Petroleum Directorate has granted Det norske oljeselskap AS a drilling permit for wells 16/1-21 S and 16/1-21 A, cf. Section 8 of the Resource Management Regulations. Wells 16/1-21 S and 16/1-21 A will be drilled from the Maersk Interceptor drilling facility from the joint position 58°55’41.704’’ north, 02°13’23.042’’ east in production licence 001 B. 16/1-21 S will be drilled .... [+ read more] first in the reservoir to the north, while 16/1-21 A will subsequently be drilled in the reservoir to the southeast. The drilling programme for wells 16/1-21 S and 16/1-21 A relates to appraisal wells on the Ivar Aasen field, where Det norske is the operator with an ownership interest of 34.7862 per cent. The other licensees are Statoil Petroleum AS with 41.4730 per cent, Bayerngas Norge AS with 12.3173 per cent, Wintershall Norge AS with 6.4615 per cent, VNG Norge AS with 3.0230 per cent, Lundin Norway AS with 1.3850 per cent and OMV (Norge) AS with 0.5540 per cent. The area in this licence consists of part of block 16/1. The wells will be drilled in the eastern part of the Ivar Aasen field in the central part of the North Sea. On 1 September 1999, production licence 001 B was carved out of production licence 001, which was awarded on 1 September 1965 (Round 1-A). These are the fifth and sixth exploration wells to be drilled within the licence area and the seventh and eighth on the Ivar Aasen field. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

15 Dec 2014

Maersk given go-ahead to spud Tvillingen South prospect

The Norwegian Petroleum Directorate has granted Maersk Oil Norway AS a drilling permit for wellbore 6406/6-4, cf. Section 8 of the Resource Management Regulations. Wellbore 6406/6-4 will be drilled from the Leiv Eiriksson drilling facility at position 64°38'31.62" north and 6°46'02.77" east after completion of drilling wildcat well 35/9-12 S for RWE Dea Norge AS in production licence 420. The .... [+ read more] drilling programme for wellbore 6406/6-4 relates to drilling of a wildcat well in production licence 510. Maersk Oil Norway AS is the operator with an ownership interest of 50 per cent. The other licensees are Edison International Norway Branch (30 per cent) and North Energy ASA (20 per cent). The area in this licence consists of parts of block 6406/5 and part of block 6406/6. The well will be drilled about 35 kilometres southeast of the Kristin field. Production licence 510 was awarded on 23 January 2009 (APA 2008). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

12 Dec 2014

'Songa Trym' back on full rate in January 2015

Songa Offshore AS (Songa) has announced that the Songa Trym semisubmersible drilling unit which is currently on a suspended contract with Statoil, is expected to resume drilling operations on or around the 1st January 2015. Statoil suspended the unit’s contract from the 20th November at a suspension rate of USD279k per day. The suspension was extended by Statoil until the .... [+ read more] end of January, however, the operator has found work for the unit and it will now resume drilling operations earlier than previously planned.

11 Dec 2014

Statoil receives consent to drill Krafla prospect

Statoil has received consent to carry out exploration drilling of well 30/11-11 in the Krafla prospect. Statoil is the operator for exploration licences 272 and 035 in block 30/11 in the northern part of the North Sea. Exploration well 30/11-11 is to be drilled in a prospect called Krafla. The area is around 24 kilometres south-west of Oseberg Sør and 130 .... [+ read more] kilometres from the nearest land, at Øygarden in Hordaland county. Water depth at the site is 106 metres. The drilling work is expected to last for 67 days.

10 Dec 2014

'Maersk Interceptor' jackup recieves AOC

Maersk Drilling has received the PSA's Acknowledgement of Compliance (AoC) for the Maersk Interceptor jackup drilling facility. Maersk Interceptor is a jackup drilling facility, delivered by the Keppel Shipyard in Singapore in 2014. The facility is owned by Maersk AS and will be operated by Maersk Drilling Norge AS. The unit is contracted for operations in Norway by Det Norske Oljeselskap .... [+ read more] ASA (DNO) until December 2019

9 Dec 2014

Maersk spuds Xana exploration well

Norwegian Energy Company ASA (Noreco) has announced that its partner Maersk Oil has begun drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf. The licence is located close to the gas discovery Svane. The well is being drilled by the jackup drilling unit Noble Sam Turner. The main target is upper Jurassic sandstones, ca 4 600 .... [+ read more] metres below the seabed. Drilling time to target depth is estimated to approximately 140 days.

8 Dec 2014

Steel cutting of 'MTR-3' marks beginning of construction

Mermaid Maritime Public Company Limited (Mermaid), a leading provider of subsea and drilling services for the offshore oil and gas industry, is pleased to announce that it has officially marked the start of its new vessel / rig construction by participating in a steel cutting ceremony for its performance class tender rig‘MTR-3’ and DP2 multipurpose subsea dive support and construction vessel .... [+ read more] ‘Mermaid Ausana’.The ceremony took place at the shipyards of China Merchants Heavy Industry in China in Nantong and Shenzhen, respectively. The ‘MTR-4’, which will be identical to the ‘MTR-3’, is scheduled to have its steel cutting ceremony two months later. The ‘MTR-3’ and ‘MTR-4’ will be state-of-the-art performance class tender assist drilling rigs incorporating the latest modern design features, and will be the most advanced tender rigs in the market when they are delivered in 2016. The rigs will each be equipped with a modern drilling package supplied by leading drilling equipment specialist National Oilwell Varco and will feature a larger deck space, bigger cranes, faster rig moves, larger and more living quarter capacity, larger tank storage and offline activity systems. In addition, both rigs will be able to operate in water depths of up to 243 meters with conventional mooring and 914 meters with pre-laid mooring, and have a drilling depth rating of 7620 meters and accommodation for 200 personnel, making both rigs an appealing option and solution for potential clients looking for a complete production drilling program.

8 Dec 2014

Songa Dee returns to work for Statoil

Songa Offshore AS (Songa) has announced that its ‘Songa Dee’ rig completed its SPS (Special Periodic Survey) in Invergordon, Scotland and left the yard on the 16th November 2014. Since that time the rig has finalised the repair and installation of one of its main engines and has performed incline and verification testing. The rig is currently located at the coast .... [+ read more] of Norway and it is awaiting improved weather conditions to move to the drilling location at the Gullfaks field to continue its work under the Statoil contract.

8 Dec 2014

Noble settles with DOJ

Noble Corporation (Noble) today announced that it has reached a final settlement with the Department of Justice (DOJ), concluding a two-year investigation into the Company's operations and systems aboard the drillship Noble Discoverer. The settlement agreement also covers certain record keeping issues related to the Kulluk drilling rig, which was previously crewed by Noble personnel. Under the terms of the .... [+ read more] agreement, Noble will pay USD8.2 million in fines and USD4 million toward community service as designated by the DOJ. Noble stated that it has taken responsibility for these actions and assisted in the investigation and in implementing changes in its vessel and management process. These charges principally relate to deficiencies and maintenance issues raised by the U.S. Coast Guard during an inspection of the Noble Discoverer following a successful drilling season in offshore Alaska during 2012. Issues noted related to the Kulluk focused on record keeping. Concerns related to the Noble Discoverer have been addressed during the renovation and modernization of the rig which occurred as part of an extensive shipyard program conducted in Korea and Singapore. In addition to these improvements and upgrades to the vessel, Noble noted that it had strengthened its training programs to ensure that its operations more aptly reflect the Company's deep commitment to safety, compliance and environmental protection.

8 Dec 2014

Centrica completes drilling of Ivory well in Norway

Centrica Resources Norge AS, operator of production licence 528 B, is about to complete drilling of wildcat well 6707/10-3 S. The well was drilled about 20 kilometres northeast of the Aasta Hansteen field in the Norwegian Sea. The primary and secondary exploration targets for the well were proving petroleum in Upper Cretaceous reservoir rocks, the Kvitnos and Lysing formations, respectively. .... [+ read more] Well 6707/10-3 S encountered a total gas column of about 12 metres in the Kvitnos formation with good reservoir properties. The entire reservoir zone, including the water zone, has a gross thickness of about 200 metres. Reservoir rocks were encountered in the secondary exploration target with a total of 25 metres thickness in the Lysing formation, which was tight and aquiferous. Preliminary calculations of the size of the discovery are between two and eight billion standard cubic metres (Sm3) of recoverable gas. The licensees will assess well results with regard to profitability. The well was not formation tested, but extensive data acquisition and sampling were carried out. This is the first exploration well in production licence 528 B. The licence was awarded in the 21st licensing round, as an addition to production licence 528. Well 6707/10-3 S was drilled to a vertical depth of 4264 metres below the sea surface, and was terminated in the Lange formation in the Lower Cretaceous. Water depth is 1421 metres. The well will now be permanently plugged and abandoned. Well 6707/10-3 S was drilled by the West Navigator drill ship.

8 Dec 2014

ExxonMobil to use 'West Alpha' on Balder field

ExxonMobil has received consent to use the West Alpha semisub drilling rig for production drilling, completion and installation of subsea equipment on the Balder field. Balder was the first oil field to be discovered on the Norwegian Continental Shelf, with Esso as the sole licensee in production licence 001. This happened as far back as 1967, more than two years before .... [+ read more] the Ekofisk field was discovered and declared viable. At the time, Balder was not assessed to be commercially interesting. Following new investigations, the Balder field was subsequently developed. Production began in 1999, still with ExxonMobil as the sole licensee and operator. The Balder field is in the central North Sea, around 213 kilometres west of Stavanger. The field has been developed using a subsea solution tied to a floating production, storage and offloading (FPSO) unit. Water depth in the area is approximately 125 metres. ExxonMobil has now received consent from the PSA to use West Alpha to drill and complete new production wells on the field. The activities also concern the installation of subsea equipment and the plugging of wells no longer in use.

7 Dec 2014

Top Hull installed upon 'Edrill-3'

The construction of Energy Drilling’s latest semi-tender rig has marked a significant milestone with the successful installation of EDrill-3’s Upper Hull deck box modules in the first week of December, a little more than a month after the lower hull was launched towards the end of October. The EDrill-3’s Upper Hull has been constructed and outfitted with major equipment packages in .... [+ read more] parallel with the Lower Hull since the project’s outset. Living Quarters module is undergoing pre-lift preparations and will be installed in the second week of December. The Edrill-3 is being constructed at Cosco Guangdong Shipyard in southern China. The project team is led by Edrill’s project manager, Jason Tan and his counterpart, Zhu Qing from Cosco. A beaming Zhu Qing said, “We are very pleased with results of the upper hull lifting operations and fit up. A lot of engineering and planning has gone into this to ensure we have a smooth and safe operation. The project will now go into its final phase of completion, testing and commissioning. We want to make sure that our client has a first class rig ready by 3Q 2015”. EDrill-3 is a four column Ocean Class design by MSC Gusto. It will be the largest semi-tender in the world when completed next year.

6 Dec 2014

Mermaid Drilling's 'MTR-2' contract termination

Mermaid Maritime Public Company Limited (Mermaid) a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international upstream oil & gas client for the ‘MTR-2’ tender drilling rig. The initial term of the contract was set to end in May 2015 but .... [+ read more] the rig is now scheduled to be demobilized to Singapore by the end of December 2014.In a previous announcement dated 17 June 2014, Mermaid disclosed that the client was in the process of obtaining new permits from the relevant government authorities in Indonesia to continue performance of work. However, as the process in obtaining such permits by the client had been prolonged, the client had therefore elected to exercise early termination of the contract instead. The said events and early termination have all occurred through no fault of the Group. The ‘MTR-2’ tender rig, purchased by Mermaid in June 2005, has been utilized by the client for almost a decade in its Thailand and Indonesia's production fields. During its course of service, the ‘MTR-2’ has been lauded for its safety record, operational efficiency, reliability and equipment performance. The ‘MTR-2’had also received numerous awards from this client, the latest being a commendation for achieving five (5) years of no loss time incidents.

5 Dec 2014

Statoil announces extension of suspended rig contracts

Due to continued overcapacity in its rig portfolio, Statoil has extended the suspension periods for COSL Pioneer, Scarabeo 5 and Songa Trym. The suspensions are also a result of the failed attempts to mature alternative tasks for the rigs. “When the rig contracts were signed it was challenging to ensure sufficient rig capacity. Today the activity is facing lower margins, a .... [+ read more] generally high cost level and subsequent lower profitability. It is therefore more demanding to mature profitable drilling targets,” says Statoil procurement head Jon Arnt Jacobsen. COSL Pioneer, Scarabeo 5 and Songa Trym were initially suspended until the end of the year from 8th October, 5th October and 20th November, respectively. COSL Pioneer will be suspended for an additional seven and a half months. The suspension periods for Scarabeo 5 and Songa Trym will be extended by one and a half months and one month, respectively. The extension period for Songa Trym may be reduced, or avoided, if acceleration of activities is achieved. “I would like to emphasise that the suspensions are not related to the rig deliveries. We are very pleased with the work they have done for us. These measures are necessary due to the overcapacity of rigs compared to the assignments we are prioritising. This situation is unfortunate, and we are doing what we can to minimise the extent of the suspensions,” Jacobsen says.

4 Dec 2014

Maersk set to spud Tvillingen Sor well in Norway

Maersk Oil Norway AS (Maersk) is the operator for production licence 510 in blocks 6406/5 and 6406/6 at Haltenbanken in the Norwegian Sea. Exploration well 6404/6-4 is to be drilled in a prospect called Tvillingen Sør. The area is around 180 kilometres NNW of Kristiansund. Water depth at the site is approx. 260 metres. The PSA has now given Maersk consent .... [+ read more] for exploration drilling, which will begin in December 2014 and is estimated to last 120 days. The well is to be drilled by the Leiv Eiriksson mobile drilling facility.

4 Dec 2014

EnQuest hire 'Atwood Mako' for Malaysia drilling

Atwood Oceanics (Atwood), has been awarded a new drilling contract for its ‘Atwood Mako’ jackup rig. According to the company’s fleet status report released on the 1st December 2014, EnQuest PLC has through its subsidiary EQ Petroleum Developments Malaysia SDN BHD has hired the rig for a two well drilling operation in Malaysia. The unit which recently completed a contract with .... [+ read more] Salamander Energy in Thailand, will remain idle in Malaysia until the contract begins on the 2nd January 2015. The dayrate for the new contract has been set at USD145,000. In other news, Atwood announced that it has retired the ‘Atwood Southern Cross’ semisub through the sale of the asset to a shipyard. The 38 year old unit has been cold stacked since completing its last contract with Audax Resources in 2010.

4 Dec 2014

Hoidi International to construct legs for Vanda Offshore jackup

China Merchant Heavy Industry has awarded Singapore Based HOIDI International Pte Ltd’s Group (Hoidi), a leg fabrication contract for the Vanda CJ50 jackup project. The scope of work for the contract includes the fabrication, installation, erection & construction of a complete set of legs for the Vanda Offshore Gusto MSC CJ50-X120-E jackup rig, which is a high specification rig, made with .... [+ read more] an operation depth of 400ft and a hook load of 2,000,000 kips. The jackup rig is currently scheduled to be delivered in Q1 2016, while its main leg component [rack & chord] will be made up of EQ70 special grade steel that can operate in -20°C waters, & suitable for north sea usage.

3 Dec 2014

Petrobras discovers gas at Orca-1 in Colombia

Ecopetrol S.A. has announced that the Petrobras operated Orca-1 exploration well has successfully discovered hydrocarbons. The well is located 40 kilometers north of the coast of Guajira province. This is the first discovery in deep waters of the Colombian Caribbean. The Orca-1 well was drilled within the Tayrona block and has as its operating company Petrobras, with a 40% stake, in .... [+ read more] partnership with Ecopetrol (30%) and Repsol (30%). The Tayrona block was the first contract granted in 2004 by the National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos) for exploration in the Colombian Caribbean. The well reached the expected depth of 13,910 feet (4,243 meters), in water depth of 2,211feet (674 meters). Drilling was completed in September and showed the accumulation of natural gas at a depth of 12,000 feet (3,657 meters). Orca-1's results confirm the hydrocarbon potential of this Colombian frontier basin and demonstrate the capacity of the petroleum system in the deep part of the offshore basin. Following completion of this phase of exploration and initial tests, in-depth technical studies will begin to determine gas potential of the discovery. Ecopetrol is currently a participating partner in 13 offshore blocks in the Colombian Caribbean. A drilling campaign is planned for this basin that will include two wells in 2015 and two or three additional wells in 2016 with its partners.

3 Dec 2014

CAMAC Energy hires 'Sedco Express' semisub

CAMAC Energy Inc. (CAMAC) announced today that it has signed a contract with a subsidiary of Transocean Ltd. for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in .... [+ read more] of production from the Oyo-7 and Oyo-8 development wells. With the ability to drill a third well, and an option to extend the contract, CAMAC is also considering using the rig to accelerate its 2015 exploration drilling program. The Sedco Express is an ultra-deepwater, semi-submersible drilling rig built in 2000, and is already within close proximity of the Oyo Field in OML 120. The Company’s other rig, the drillship Energy Searcher, will continue the plugging and abandonment operations on the Oyo-5 and Oyo-6 wells.

2 Dec 2014

Lundin to use 'Island Innovator' to spud well on PL 674 BS

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 26/10-1, cf. Section 8 of the Resource Management Regulations. Well 26/10-1 will be drilled from the Island Innovator drilling facility at position 59°00’01.86’’ north and 03°04’14.69’’ east in the central part of the North Sea. The drilling programme for well 26/10-1 relates to drilling of a .... [+ read more] wildcat well in production licence 674 BS. Lundin is the operator with an ownership interest of 35 per cent. The other licensees are Petrolia Norway AS with 35 per cent and E.ON E&P Norway AS with 30 per cent. The area in this licence consists of the southwestern part of block 26/10 and northwestern part of block 17/1. The well will be drilled about 32.8 kilometres northeast of the 16/2-6 discovery well on the Johan Sverdrup field and about 112 kilometres from Stavanger. Production licence 674 BS was carved out of PL 674, which was awarded on 8 February 2013 (APA 2012). This is the first well to be drilled within the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

2 Dec 2014

Centrica strikes gas at Ivory prospect

Atlantic Petroleum is pleased to announce that the PL528 B Ivory exploration well in the Norwegian Sea has discovered gas. The 6707/10-3S well tested the westernmost segment of the Ivory structure, one of several prospects within the license. The primary objective of the Ivory well was to prove the presence of hydrocarbons in the Kvitnos Formation sandstones. A thick, well developed .... [+ read more] deep marine fan was encountered 61 m shallower than prognosed. The well was drilled down-dip from the crest of the structure and encountered a 12 m gas-zone. In the Lysing Formation the well penetrated a water-bearing sand. Extensive data acquisition has been performed including cores, fluid samples, pressure points, wireline logs and VSP. These data will now be fully analysed. Further work is needed to evaluate the resource potential of the discovery. Given commercial, the discovery can be tied back to the Statoil-operated Aasta Hansteen field, located 20 km to the southwest, and which is due to come on stream in 2017. The exploration well was drilled to a total depth of 4,264 m below sea level by the West Navigator drill ship. The well will now be permanently plugged and abandoned.

1 Dec 2014

'Transocean Arctic' set to drill Imsa prospect for Wintershall

Wintershall Norge AS (Wintershall) is the operator for production licence 589 in block 6406/2 in the Norwegian Sea. Exploration well 6406/2-8 is to be drilled in a prospect called Imsa. The site is 15 km south of the Kristin field and around 190 km NNW of Kristiansund. Water depth at the site is approx. 262 metres. Drilling is scheduled to begin .... [+ read more] at the earliest in December 2014 and estimated to last 106 days. In the event of a discovery, the activity may last a further 61 days for well testing.

1 Dec 2014

Statoil set to spud Julius prospect using 'Maersk Gallant'

Statoil is the operator for exploration licences 146 and 333 in block 2/4 in the southern part of the North Sea. Exploration well 2/4-23 is to be drilled in a prospect called Julius. The site is 15 km north of the Ekofisk field and around 260 km from Lista, the closest land. Water depth at the site is approx. 68 metres. .... [+ read more] Drilling is scheduled to begin in late December 2014 and estimated to last 154 days. A possible sidetrack, designated 2/4-23 A, will take a further 67 days.

1 Dec 2014

OMV reports first oil from redevelopment of Maari project

OMV is pleased to announce first oil from its Maari redevelopment drilling campaign in New Zealand. The Maari redevelopment drilling campaign in New Zealand, also known as the Maari Growth project, aims to increase reserves, production and recovery from the producing Maari field. The well, known as MR-8A, was started on November 28 producing from a previously undrained compartment in the .... [+ read more] Maari field. The well was side-tracked out of an abandoned injection well and drilled horizontally into the Moki formation to a total length of 3,824 m. The production capacity for this well has been estimated at 4,500 barrels of oil per day (gross). Jaap Huijskes, OMV Executive Board member responsible for Exploration and Production: "It is a great achievement to revitalize an existing field. Conditions in the Tasman Sea are challenging and remote but the team has been able to safely deliver the project. Additional production from Maari through existing facilities will greatly improve efficiency and reduce operating cost per barrel." In April 2014, the offshore drilling rig Ensco 107 was installed in the field carrying out abandonment, workover and drilling operations. The first well was drilled into the untapped Mangahewa formation and has been suspended to implement a revised completion concept. The MR-8A well is the second in the campaign. The Maari Growth campaign includes drilling of five wells into producing and new reservoirs. Total investment of OMV will be around EUR 205 mn and the campaign is expected to be completed by mid-2015. The Maari field is located in a water depth of 100 m, around 80 km off the Taranaki coast of New Zealand. The field was developed by OMV New Zealand as operator of the Maari Joint Venture (JV) and began production in February 2009. The field production has since declined from peak rates of approx. 25,000 barrels of oil equivalent per day (net to OMV).

27 Nov 2014

Northern Offshore releases 'Energy Endeavor' update

Northern Offshore, Ltd. today issued an update to its July 30th, 2014 announcement of a 2 and a half year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern and its partners remain committed to the .... [+ read more] transaction, Northern will market the Energy Endeavor to other clients following its current contract in the Netherlands, subject to availability in the event the transaction is not finally consummated.

26 Nov 2014

Karoon announces discovery at Kangaroo-2

Karoon Gas Australia (Karoon) has announced that at 2000 hrs BRST on 25th November 2014 drilling on the Kangaroo-2 appraisal well has been completed at a total depth of 2,369 metres below rotary table (mRT) and a wireline logging program is underway. Five separate oil bearing reservoir sand intervals over the interval 1,660mRT to 2,000mRT in the Palaeocene and Maastrichtian age .... [+ read more] formation have been penetrated with each interval having a separate oil/water contact. The gross oil column thickness totals 250 metres and no gas cap was penetrated. Work is continuing to assess the impact of the well results on the contingent resource size given the absence of an anticipated gas cap and the impact of shallower oil water contracts in some of the sands. Looking forwards, all operations on the well are expected to be completed within the next four weeks before the rig moves to drill and evaluate the Kangaroo West prospect approximately 2 kilometres distant on the western side of Kangaroo salt structure. The exploration and appraisal drilling campaign, operated by Karoon, is expected to continue through first half 2015. The ‘Olinda Star’ rig is contracted to Karoon for 2 firm wells and 2 option wells and in the event of successful drilling in the first 2 wells, then the contract provides good flexibility for additional appraisal drilling of the Kangaroo West prospect.

25 Nov 2014

Keppel AmFELS delivers newbuild to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.A. De C.V., a subsidiary of Mexico's Perforadora Central S.V. De C.V. (Perforadora Central) on time, within budget and with zero loss time incidents. The rig was christened today at Keppel AmFELS’ yard in Brownsville, .... [+ read more] Texas by Lady Sponsor, Mrs Monica Funtanet de Alvarez-Morphy, the wife of Mr Javier Alvarez Morphy Camou Sr, Director of Perforadora Central. Coatzacoalcos is the fourth jackup rig built by Keppel AmFELS for Perforadora Central and the third based on the LeTourneau Super 116E design. The yard is currently building a fifth jackup to Keppel’s proprietary KFELS B Class design for Perforadora Central.

24 Nov 2014

Maersk Drilling confirm extension for 'Maersk Resolute'

Hess has exercised the four one-well options included in the current contract for the jack-up rig ‘Maersk Resolute’. Each of the four additional wells has an estimated duration of around 90 days implying an extension of the current contract by approximately 1 year. The current seven firm wells programme is expected to end by April 2015. With the exercising of the .... [+ read more] four one-well options, the rig will be employed until April 2016. The estimated value of the extension is app. USD75 million. ‘Maersk Resolute’ is the second in a series of four high efficiency 350ft jack-ups delivered in 2008-2009.

21 Nov 2014

Energy Drilling takes delivery of second tender rig

Energy Drilling Pte Ltd has taken delivery of its second high specification tender assist rig ‘EDrill-2’ on 18th November 2014. The rig was delivered under a turnkey agreement with COSCO Guangdong Shipyard. ‘EDrill-2’ is materially and technically equivalent to sister rig ‘EDrill-1’ which started on a three year contract with PTTEP since early October in the Gulf of Thailand. The ‘Edrill-1’ .... [+ read more] has demonstrated excellent performance since delivery including stable towing characteristics, anchor handling and fast rig-up capability. “We are very pleased with the co-operation with Cosco Guangdong Shipyard and the continued high level of excellence in their workmanship. We look forward to the delivery of our high specification semi tender Edrill-3 next summer and continuing the growth of the company’s fleet”, said Mr Marcus Chew, CEO of Energy Drilling. The ‘Edrill-2’ is currently being prepared for operations and is marketed to several oil companies in the region for start-up in early 2015.

21 Nov 2014

Ophir comes up dry at Tende-1

Ophir Energy plc announces an operational update on recent drilling in Tanzania. The Tende-1 well was drilled in East Pande by the ‘Deepsea Metro I’ drillship in a water depth of 781m to a total depth of 4,153m targeting the Cretaceous-aged Tende prospect. Although gas traces were encountered in the upper strata of the primary objective, wireline logs confirmed that no .... [+ read more] moveable hydrocarbons were present in this prospect. In the secondary Tikiti objective, the Tende-1 well encountered a gas bearing sandstone. The Company will evaluate the wider impact of this find as it integrates the well results into its understanding of the remaining prospects in the East Pande block. Following the Tende-1 well, the ‘Deepsea Metro I’ drillship moved to Block 7 where the Mkuki-1 well was drilled to a total depth of 3,204m. The well targeted a Tertiary-aged stratigraphic prospect located in water depths of 1,648m and encountered a high quality sandstone sequence, but no hydrocarbons were present.

21 Nov 2014

Statoil takes financial hit to cancel 'Stena Carron' contract

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract which was originally due to last until June 2017 will cease with effect from 21st November 2014. Statoil’s first well results from the area have been disappointing and although .... [+ read more] the company still sees remaining prospectivity in the basin and on the Statoil acreage, more time is needed to evaluate the well results and mature new prospects before deciding on future activities. The first two Statoil-operated wells in this pre-salt play, Dilolo and Jacaré, have been drilled safely and very efficiently. These two wells also fulfil the drilling commitments on these two blocks. The Jacaré well in block 38 has now been plugged and abandoned. Statoil is participating in eight commitment wells across five blocks in the Kwanza basin. So far four wells have been completed and one well is ongoing in block 40 operated by Total. The costs of terminating the operations and associated services including the Stena Carron rig contract will be onerous contract and expensed in fourth quarter amounting to approximately USD 350 million. The 2014 guiding for organic exploration expenditures of USD 3.5 billion remains, including the Jacaré well cost in Block 38, which will be expensed in fourth quarter. In addition it is expected that the signature bonus in block 38 will be impaired.

19 Nov 2014

COSL takes delivery of COSLProspector

COSLPROSPECTOR, the fourth deep-water semisubmersible drilling rig built by CIMC Raffles for COSL, has been delivered in Yantai, Shandong. The unit has the ability to work in the harsh Norwegian North Sea. The COSLPROSPECTOR is a DP3 vessel with length of 104.5 meters, width of 70.5 meters, height of 37.55 meters, and an operating depth of 1,500 meters, a drilling depth .... [+ read more] of 7,600 meters and a designed operating temperature of minus 20 degrees Celsius. A maximum variable deck load of 5,000 tonnes, the multi-function platform is also able to accommodate 130 personnel. It is classed by DNV and CCS, and satisfied with the strictest standards of PSA and NORSOK. Equipped with 10,000 controllers and alerts, the remote monitoring can be achieved in this high-automatic unit. On the base of GM-4000 series, COSLPROSPECTOR is jointly designed by AG (Agility Group), COSL and CIMC Raffles. Furthermore, CIMC Raffles is responsible for all detailed design, construction and commissioning work. It adopts the most advanced power management and environmentally-friendly design concept, and facilities with DP3 close bus-tie, variable frequency drive, escape chute system and auto ice-cleaning technology. Compared with last delivered COSL series semisubmersible drilling rigs (COSLPIONEER, COSLPROMOTER and COSLINNOVATOR), COSLPROSPECTOR adds ICE-T, CLEAN and WINTERIZATION, to satisfy ice-class, environmentally-friendly and low-temperature requirements. COSL Prospector is made up by 112 blocks, over 700 mechanical equipment, more than 800,000 meters cable and 35,000 pipes. There are 46,500 test points of MCR, which is increased by 45% compared with three semi drilling rigs of the same series delivered already. 118 significant technical improvements have been made. In addition, weight deviation between inclined test and theoretical calculation is 80 tons and the noise level is controlled less than 45 dB in the living area.

19 Nov 2014

CIMC Raffles prepares to construct new BT-5000 semisub

In anticipation of the offshore industry’s requirement for economical, highly efficient and safer drilling rigs to replace the existing older-generation fleet marked for retirement, CIMC Raffles has jointly developed the BT5000 mid-deepwater semisubmersible drilling rig with renowned offshore rig designer Bassoe Technology. The BT-5000 drilling rig is designed to operate in the UK continental shelf and is equipped with a high-performance .... [+ read more] drilling system. It is capable of operating at water depths up to 1,500 meters (5,000 feet) and drill wells down to 9,144 meters (30,000 feet). The unit is able to operate at minus 10 degree Celsius and comes equipped with 8-point mooring system and DPS-1 thruster assist system for station keeping. The BT-5000 drilling rig is designed to comply with UK HSE standards and requirements, and will be classified by the American Bureau of Shipping (ABS). With its superior hull design, the BT-5000 drilling rig maintains good motion characteristics in harsh environmental conditions. Comparing with similar rig types, it promises a significantly better operational performance and takes lead amongst the upcoming new generation of high performance, economical mid-deepwater semisubmersible drilling rigs in the offshore industry. CIMC Raffles has reached agreements with potential clients to design and build 2+4 units of BT-5000 mid-deepwater semisubmersible drilling rigs. CIMC Capital is committed to support the BT-5000 project and has already confirmed the participation of several industry and financial investors. The BT-5000 drilling rig is earmarked to be the next strategic semisubmersible product of CIMC Offshore. The first unit is expected to be delivered in 2017.

19 Nov 2014

Karoon continues to drill ahead at Kangaroo-2

Karoon Gas Australia (Karoon) has announced that at 2000 hrs BRST on 18th November 2014 drilling is ongoing in the 12-1/4” hole section at a current depth of 1,760 mRT. Kangaroo-2 penetrated the target Paleocene reservoir at 1,660 mRT as indicated by increased LWD resistivity readings, elevated gas readings and oil shows seen in mud log cuttings from the reservoir section .... [+ read more] consistent with reservoir descriptions from Kangaroo-1. Drilling will continue to total depth before running wireline logging designed to confirm the presence and extent of the hydrocarbon column. Coring and flow testing is expected to be undertaken upon a successful outcome from wireline logging. Since the 14 November 2014 Progress Report, BOP and equipment testing was completed, the cement shoe drilled out and drilling in the 12-1/4” hole section commenced. The Kangaroo-2 appraisal well is located in block S-M-1165 and is the first well in the current Santos Basin exploration and appraisal drilling campaign. The well is designed to confirm size of the oil column, the presence and size of a possible gas cap, reservoir continuity and properties, and flow rates for the Kangaroo oil discovery. This information will be crucial for assessing the commerciality of the Kangaroo oil field and, upon success, will be the basis for the Front End Engineering and Design (’FEED’) phase bringing the project a step closer to commerciality. The well is located approximately 300 metres up dip from Kangaroo-1 and will test the thick reservoir sequence observed in all surrounding wells. Karoon is targeting a 350 metre plus gross hydrocarbon column in this well. Karoon holds a 65% interest in and is operator of the jointly held S-M-1165 block, Santos Basin. The ’Olinda Star’ semi-submersible drilling rig is drilling the appraisal well. The exploration and appraisal drilling campaign, operated by Karoon, plans to utilise the ’Olinda Star’ semi-submersible drilling rig for the entire campaign, which is expected to continue through first half 2015. The rig contract provides Karoon with 2 firm wells plus 2 option wells, providing maximum flexibility for further appraisal of the Kangaroo oil discovery, including testing and appraisal of the Kangaroo West prospect in the event of a successful drilling in the first 2 wells. The second well in the program is the Kangaroo West-1 exploration well, targeting a net un-risked prospective resource of 330mmbbls. Due to the large size and proximity to Kangaroo, a successful outcome at Kangaroo West-1 would materially add to any possible development of the Kangaroo oil field.

18 Nov 2014

Lundin comes up dry with Kitabu-1

Kitabu-1 exploration well, offshore Sabah, Malaysia, has been completed as a dry hole Lundin Petroleum AB (Lundin Petroleum) has completed the Kitabu-1 well located in Blocks SB307/SB308, offshore Sabah, Malaysia. Objectives of the Kitabu-1 well were Miocene aged turbidite sands of similar age to the Shell operated South Furious 30 oil field, approximately four kilometres to the north. However, the primary .... [+ read more] reservoir interval resulted in being a poor quality siltstone, and no hydrocarbon shows were encountered in the well. The well has reached planned total depth of 2,270 metres and is to be plugged and abandoned as a dry hole. The well was drilled using Seadrill’s ‘West Prospero’ jackup rig.

17 Nov 2014

Paragon Offshore acquires Prospector Offshore

Paragon Offshore plc ("Paragon") today reported that it has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess ("Prospector"). Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or $2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. .... [+ read more] Following this transaction, Paragon owns a total of 52,749,014 shares of Prospector, equal to 55.8 percent of the outstanding shares of Prospector. Paragon intends to launch a mandatory tender offer for the remaining outstanding shares of Prospector within four weeks as mandated by applicable Luxembourg and Norwegian law. In addition, Paragon will request the board of directors of Prospector to convene a general meeting of the Prospector shareholders to elect three new Paragon designated directors to the Prospector board. Prospector owns and operates two high specification Friede and Goldman JU-2000E jackups contracted to Total S.A. for use in the United Kingdom sector of the North Sea. The first unit, Prospector 1, is contracted until September 2016 at a dayrate of USd185,000 and the second unit, Prospector 5, is contracted for three years following contract commencement at a dayrate of $218,000. Combined, the contracts have backlog of USD384 million. Both contracts contain customer options for an additional term (three years and two years, respectively) at the same dayrates. Prospector has three additional JU-2000E jackups under construction at the Shanghai Waigaoqiao Shipbuilding (SWS) yard in China, the same yard that delivered Prospector 5. These three units, Prospector 6, Prospector 7 and Prospector 8, have published delivery dates of December 2014, September 2015 and March 2016. Prospector has the option to delay the delivery of Prospector 6 by up to 4 months. The three rigs are being constructed on a non-recourse basis with no parent company guarantees. Each of the JU-2000E units are heavy-duty, harsh environment jackups capable of operating in water depths up to 400 feet, with derricks rated for static hook loads of 2,000,000 pounds, and maximum variable deck loads of 14,300,000 pounds. "The acquisition of the majority of the outstanding shares of Prospector Offshore is a significant step in Paragon's long-term strategy to upgrade our fleet," said Randall D. Stilley, President and Chief Executive Office of Paragon. "The inclusion of Prospector's existing rigs into Paragon's fleet reduces our average rig age, upgrades our technical capabilities, and adds backlog with a key customer in an important operating region where Paragon already has economies of scale. Furthermore, the rigs under construction provide optionality for future growth. We look forward to launching the tender for the remaining shares of Prospector as quickly as possible." - See more at: http://www.paragonoffshore.com/investors-relations/investor-news/investor-news-details/2014/Paragon-Offshore-Announces-Acquisition-Of-A-Majority-Stake-In-Prospector-Offshore/default.aspx#sthash.pMPDcfJs.dpuf

17 Nov 2014

CalEnergy's Pryderi-1 well comes up dry

IPB Petroleum advises that the Pryderi-1 exploration well in WA-424-P (IPB 75%, CalEnergy 25% and Operator) reached a total depth of 694m (RT) in 12.25” hole late afternoon on 15 November 2014 with no moveable hydrocarbons being encountered. Despite some residual oil shows encountered while drilling, the target reservoir at Pryderi is interpreted to be water bearing. Operations over the next .... [+ read more] 48 hours include the planned plugging and abandoning of the well. IPB now intends to complete further interpretation and analysis on the results of the well to gain an improved understanding of the remaining prospectivity within the permit, which includes the existing Gwydion oil discovery (2C Contingent Resources of 5 MMbbls -100%). IPB’s Managing Director Brendan Brown said “Although the results of this first well are not as predicted, we know that oil is present in this part of the Browse Basin and the data from this well will help us in our ongoing exploration efforts within the permit. IPB remains confident that the company’s existing acreage offers significant hydrocarbon prospectivity in a basin that is a focal point for so many multinational energy companies.” IPB would like to reassure shareholders that the evolution of successful small exploration companies often involves dealing with exploration risk outcomes and pursuing multiple options. The directors aim to also continue with their stated strategy which includes the examination of complementary opportunities, with the ultimate objective of adding to the company’s current exploration portfolio.

17 Nov 2014

Xcite and COSL enter MOU for Bentley field jackup

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc ("XER"), has entered into a Memorandum of Understanding ("MOU") with China Oilfield Services Limited ("COSL"), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley field. Final specifications of the .... [+ read more] rig are currently being agreed in order for construction to begin at the Keppel FELS yard in Singapore. COSL will work in a collaborative manner with all the key stakeholders to develop innovative, field specific rig and drilling services for Bentley, to maximise the economic recovery from the field and the economic return for all stakeholders. Rupert Cole, CEO of Xcite Energy, commented: "We are very pleased that COSL has joined the Bentley development team and this marks the last of the key development group roles to be filled. COSL has considerable experience in drilling operations and we believe they possess the skills and expertise to work alongside our other partners in our collaborative and innovative model. Selecting this ultra-high specification drilling rig, and constructing it at the Keppel FELS yard in Singapore, is an important part of securing both the future schedule and drilling efficiency of the Bentley project."

17 Nov 2014

Paragon Offshore announces purchase of additional Prospector Offshore shares

Earlier today, Paragon Offshore plc ("Paragon") reported that it acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess ("Prospector"). Paragon acquired the shares at a price of 14.50 Norwegian kroner (NOK) per share, or USD2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. .... [+ read more] Subsequent to this initial acquisition, Paragon has acquired an additional 35,713,562 shares in Prospector at the same price of 14.50 Norwegian kroner (NOK) per share, or USD2.13 per share based on the exchange rate of one United States dollar to 6.80 NOK. Following this transaction, Paragon owns a total of 88,462,576 shares of Prospector, equal to 93.5 percent of the outstanding shares of Prospector. Paragon reiterated its intent to launch a mandatory tender offer for the remaining outstanding shares of Prospector within four weeks.

17 Nov 2014

Xcite and COSL enter MOU for Bentley field jackup

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources plc ("XER"), has entered into a Memorandum of Understanding ("MOU") with China Oilfield Services Limited ("COSL"), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley field. Final specifications of the rig .... [+ read more] are currently being agreed in order for construction to begin at the Keppel FELS yard in Singapore. COSL will work in a collaborative manner with all the key stakeholders to develop innovative, field specific rig and drilling services for Bentley, to maximise the economic recovery from the field and the economic return for all stakeholders. Rupert Cole, CEO of Xcite Energy, commented: "We are very pleased that COSL has joined the Bentley development team and this marks the last of the key development group roles to be filled. COSL has considerable experience in drilling operations and we believe they possess the skills and expertise to work alongside our other partners in our collaborative and innovative model. Selecting this ultra-high specification drilling rig, and constructing it at the Keppel FELS yard in Singapore, is an important part of securing both the future schedule and drilling efficiency of the Bentley project."

14 Nov 2014

'Setty' jackup completes 12 development wells in Gabon

Total Gabon has released its financial information for the third quarter of 2014 and an update on its development drilling program on the Anguille field. The Setty jackup owned and operated by the Egyptian Drilling Company (“EDC”) has completed the first 12 development wells on the Anguille field redevelopment project. The unit which has been contracted by Total since 2012 has .... [+ read more] drilled ten production wells and two injection wells, all of which are now operational. A total of 21 wells are expected to be drilled in the third phase of Anguille’s development. The jackup is performing drilling operations whilst connected to the Anguille Marine Nord (“AGMN”) platform.

14 Nov 2014

Endeavour, The Spirit of Independence jackup to leave Cook Inlet

The Alaska Industrial Development and Export Authority (“AIDEA”) sold its stake in Kenai Offshore Ventures (“KOV”) for USD25.6 million and the Endeavour jack-up rig is on its way out of Cook Inlet, the authority announced on 14th November 2014. KOV plans to move the Endeavour next week on a heavy lift vessel to South Africa for use in offshore exploration, .... [+ read more] AIDEA said in its press release on Friday. The 765-foot heavy lift vessel Zhen Hua 15 arrived in Homer on Tuesday, said Homer Harbormaster Bryan Hawkins. The large, red-orange vessel with a low-slung deck at mid ship has been a prominent ship in Kachemak Bay this past week. Hawkins said he sat in on a meeting on Thursday with the Zhen Hua 15 captain, a rig mover and other crew to discuss the loading of the Endeavour. Ezion Holdings Ltd. and its subsidiary Teras Investments approached AIDEA to purchase its share of Kenai Offshore Ventures after the joint-venture company was unable to secure long-term work for the Endeavour in the Inlet. The Endeavour will head to South Africa on a heavy lift vessel pending final AIDEA approval, the release states.

14 Nov 2014

Shell completes Ormen Lange appraisal well

A/S Norske Shell, operator of the Ormen Lange field, has completed drilling of appraisal well 6305/8-2 on the Ormen Lange field. Ormen Lange was proven in 1997 and has been producing since 2007. The reservoir is in Lower Paleocene and Upper Cretaceous reservoir rocks (Våle formation’s ‘Egga reservoir unit’ and ‘Våle heterolithics’, as well as the Jorsalfare formation). The field is .... [+ read more] located at water depths of 600 to 1100 metres in the southern part of the Norwegian Sea, and about 130 kilometres northwest of Kristiansund. The well was drilled about seven kilometres south-southeast of the southernmost subsea template on the field. The objective of well 6305/8-2 was to delineate the field to the south, as it was unclear whether the area was optimally drained or not by existing production wells. The well encountered a 28-metre gas column with an underlying water zone in the ‘Egga reservoir unit’ with very good reservoir quality. Both ‘Våle heterolithics’ and the Jorsalfare formation were aquiferous with very good and ranging from poor to very good reservoir quality, respectively. The water zone is 70 metres in total. Extensive data acquisition and sampling have been carried out. Preliminary well results do not provide a basis for changing the expected recoverable reserves from Ormen Lange. The licensees will consider further expansion of this area of the field with a tie-in to the southernmost subsea template on the field. This is the ninth exploration well drilled on the Ormen Lange field and the second appraisal well drilled in production licence 250, which was awarded in the 15th round in 1999. The appraisal well was drilled to a vertical depth of 3037.5 metres below the sea surface, and was terminated in the Kyrre formation in Upper Cretaceous. Water depth is 615 metres. The well will be permanently plugged and abandoned. Well 6305/8-2 was drilled by the Transocean Barents drilling facility, which will now proceed to the Draugen field in the Norwegian Sea to permanently plug production well 6407/9-A-53-H in production licence 093, where A/S Norske Shell is the operator.

14 Nov 2014

Frigstad Deepwater Rig Alpha; 60% Complete

CIMC Raffles shipyard (CIMC) has announced that construction of the Frigstad Deepwater Rig Alpha semisubmersible has reached 60% completion. CIMC is currently constructing the unit alongside its sister unit (Frigstad Deepwater Rig Bravo) at the Haiyang Shipyard, China. Both units are being built to the D90 semisubmersible design and are to be equipped with a dual RamRig and DP3 positioning system. .... [+ read more] Upon completion the Frigstad Deepwater Rig Alpha will be the world’s first seventh generation ultra-deepwater semisubmersible drilling rig

13 Nov 2014

Songa Dee given approval to work on Gullfaks

The PSA has given Statoil Petroleum AS (Statoil) consent to use the Songa Dee mobile drilling facility for production drilling on Gullfaks satellites, well template P. The consent entails an extension of an existing consent for Songa Dee at Gullfaks issued in June 2011. Statoil has now increased the number of templates on Gullfaks satellites, and has therefore applied to the .... [+ read more] PSA for consent to use Songa Dee for production drilling of P, which is one of the new subsea templates. The earliest estimated start-up for the operation is mid-November.

13 Nov 2014

Transocean Barents to pull a well on Draugen

Shell has received consent to use Transocean Barents for well plugging at Draugen. Draugen is an oil field in the Norwgeian Sea in 250 metres of water. A/S Norske Shell (Shell) is the field's operator. Production on the field began in October 1993. The field has been developed using a fixed concrete facility with an integrated deck. Reserves in the vicinity .... [+ read more] are produced by subsea wells tied back to this facility. Shell has now received consent to use the Transocean Barents mobile drilling facility to plug subsea well 6407/9-3-A-53 permanently. The work is expected to last for 71 days.

13 Nov 2014

Prospector announces plan to sell 'Prospector 6'

Prospector Offshore Drilling S.A. (Prospector) released its results for Q3 2014 on the 12th November 2014. Within its results the company announced that its third newbuild jackup rig ‘Prospector 6’ is now classified as being held for sale. Prospector has yet to secure a contract for the newbuild jackup and rather than take delivery of an un-contracted unit, the company has .... [+ read more] decided to sell the asset in order to raise capital and not expose itself to new expenditure. The company has also signed a contract amendment with Shanghai Waigaoqiao Shipbuilding Co. Ltd (SWS) to push back delivery of the ‘Prospector 6’ by four months to Q1 2015.

12 Nov 2014

Lamprell secures newbuild jackup order from NDC

Lamprell, a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has received a new contract award from National Drilling Company (NDC), Abu Dhabi, for the construction and delivery of two further high specification jackup drilling rigs of a Super 116E (Enhanced) Class. .... [+ read more] This contract award is valued at approximately USD 365 million. Lamprell has previously been awarded contracts by NDC for a series of six identical rigs and we are on schedule to complete construction of the final two jackup rigs, having delivered the first four on time and on budget. As with the units under construction, these newly-ordered rigs will be completely outfitted, LeTourneau-designed, self-elevating Mobile Offshore Drilling Units of a Super 116E (Enhanced) Class design with a rated drilling depth of 30,000 feet. The rigs will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with planned delivery dates in Q4 2016 and Q2 2017 respectively. Under the contract terms, NDC also has the right to exercise options for Lamprell to build up to an additional three jackup rigs of the same design.

11 Nov 2014

PV Shipyard celebrate keel laying for 'Tam Dao 05'

PV Shipyard and VietSovPetro have announced that the keel laying ceremony for the newbuild Tam Dao 05 jackup rig was successfully carried out on the 25th October 2014. VietSovPetro is the owner of the newbuild jackup, whilst PV Shipyard is the main contractor. Speaking at the ceremony, Mr Phan Tu Giang (PV Shipyard’s Managing Director) expressed that upon completion the Tam .... [+ read more] Dao 05 will be the largest and most state of art jackup ever constructed in Vietnam. The unit is projected to weigh approximately 18,000MT and will be capable of operating in water depths of 400ft.

11 Nov 2014

Atlantica Tender Drilling defers 'Atlantica Gamma' delivery

Atlantica has negotiated with builder DSIC a deferred delivery of the heavy tender barge “Atlantica Gamma” which will permit Atlantica to take delivery of the unit anytime – entirely at the Company’s discretion – between July of 2015 and March of 2016. This agreement will permit the company both flexibility and additional time to secure a suitable charter contract for .... [+ read more] the Gamma. The agreement follows the delay in the original delivery date owing to the modular mast equipment package under construction in the US falling well behind the original schedule.

10 Nov 2014

Cairn makes further oil discovery in Senegal

Cairn is pleased to announce a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of 3,000 m and targeting the Shelf Edge Prospect. Intermediate logging of the SNE-1 well .... [+ read more] has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found approximately 24 km away in FAN-1. Cairn has a 40% Working Interest (WI) in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rufisque) ConocoPhillips has 35% WI, FAR Ltd 15% WI and Petrosen, the national oil company of Senegal 10%. The three blocks cover 7,490 km2.

10 Nov 2014

CIMC has Keel Laying Ceremony for Beacon Atlantic

On the 7th Nov.2014, the keel laying ceremony for GM4-D Beacon Atlantic, the 9th semisubmersible drilling rig to be built by CIMC Raffles, was held in Yantai CIMC Construction Base. The president of CIMC Raffles Mr. Yu Ya and related shipowners and surveyors witnessed this milestone. The keel laying ceremony remarked the commencement of block erection of the project. Beacon Atlantic .... [+ read more] is the 6th semisubmersible drilling rig of GM Series CIMC Raffles designed and built. CIMC Raffles owns its 80% IRP. The Beacon Atlantic is the sister rig of the North Dragon, which is also under construction at CIMC Raffles shipyard in China.

10 Nov 2014

Pryderi-1 exploration well spudded in Australia

IPB Petroleum is pleased to advise that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) has received notification that the Stena Clyde drill rig arrived at the Pryderi-1 location in WA-424-P late evening on 6 November. The Pryderi-1 well was spudded early morning of 9th November. Pryderi-1 is a relatively shallow well and based on the current well schedule .... [+ read more] IPB estimates that the target reservoir will be intersected later this week. Over the next 24 hours, planned operations include the commencement of drilling the 17.5 inch section of the well.

8 Nov 2014

Opus Tiger-1 drillship successfully delivered

The drillship Opus Tiger-1 was officially named on 8th November 2014 at Shanghai Shipyard, in China. The unit will now be delivered to Opus Offshore, a subsidiary of Reignwood Group. The unit has been built to China State Shipbuilding Corporations (“CSSC”) tiger design and is capable of operating in water depths up to 5,000ft whilst drilling to a maximum depth of .... [+ read more] 32,800ft.The unit will be followed by the construction of Opus Tiger-2,3 and 4 in 2015/16, with all units also set to be constructed at Shanghai Shipyard.

7 Nov 2014

Nanhai Jiu Hao drills deepwater well

China Oilfield Services Limited (COSL) saw its semi-submersible drilling rig NH9 recently completed drilling operations for the first 1,000-meter deep water well. This achievement has made NH9 the second drilling rig included in the league of “1,000-meter-deep Drilling” after HYSY981. This success made in the inaugural drilling operation of NH9 has taken deep-water drilling operations of the Group to a new .... [+ read more] level with further refinements in deep-water drilling technologies and equipment portfolio. This establishes a firm footing for large-scale exploration and development activities in the future. NH9 is the deepest operation depth semi-submersible drilling rig put into operation by COSL in addition to HYSY981. It is a fourth-generation drilling rig with designed operation depth of up to 1,524 meters and the maximum drilling depth of 7,620 meters. Mr. Li Yong, CEO and President of COSL, said: “Levering efforts by the COSL’s team in establishing a deep-water drilling equipment portfolio, the Group seen its deep-water drilling capability enhance further. This helped COSL tap the escalating demand for deep-water operation in South China Sea. The Group will adhere to its positioning of establishing world-class capabilities to continue to increase investments in furthering its deep-water capabilities, research and development. This will help COSL move closer to his goal of becoming a top-notch oilfield services Group with cutting edge equipment, technologies and scientific management.

7 Nov 2014

Energy Drilling commences drilling for PTTEP

Energy Drilling’s first tender assist barge rig, EDrill-1, commenced its maiden charter with PTTEP Thailand on September 24, 2014. After deploying and pre-tensioning all anchors, the Drilling Equipment Set (DES) was lifted and assembled onto Bongkot WP-4 platform in 8 hours. The three (3) major heavy lifts consist of (1) Masterskids including shaker tank, (2) Drillfloor including drawworks and .... [+ read more] outboard cantilevers and (3) the 152 ft. Telescoping Mast. After the DES and third party equipment lifting was completed, the tender barge was relocated to the “Drilling Position” to raise and scope the Mast in preparation for drilling operations. . Within the first few days of operations, PTTEP arranged for a religious blessing ceremony to be held onboard the rig. Five Buddhist monks and one Imam were transported to the rig by a specially arranged helicopter. Operations were suspended and all non essential personnel were invited to attend the blessing ceremony held in the recreation room. After the ceremony, the monks and Imam walked the length of the deck and completed the ceremony. Lunch was served and the crews went back to work. EDrill-1 program on the WP-4 platform involves plugging and abandonment of four wells and re-entry drilling of six wells. Three wells had successfully been plugged and abandoned at end October.

7 Nov 2014

Statoil drills dry well in Barents Sea

Statoil Petroleum AS, operator of production licence 230, has completed drilling of wildcat well 7227/10-1. The well was drilled about 30 kilometres southwest of the 7228/7-1 oil and gas discovery and about 210 kilometres northeast of Hammerfest. The primary exploration target for the well was proving petroleum in Late Triassic reservoir rocks (Snadd formation). The secondary exploration target was proving .... [+ read more] petroleum in Middle Triassic reservoir rocks (Kobbe formation), as well as investigating the presence and quality of Early to Middle Triassic source rock. The well encountered about 40-metre thick reservoir rocks in the Snadd formation and about 15-metre thick reservoir rocks in the Kobbe formation, both with poor reservoir quality. The well is dry. Data acquisition and sampling were carried out. This is the first exploration well in production licence 230, which was awarded in the Barents Sea project in 1997. The well was drilled to a vertical depth of 3095 metres below the sea surface, and was terminated in the Kobbe formation. Water depth is 232 metres. The well will now be permanently plugged and abandoned. Well 7227/10-1 was drilled by the Transocean Spitsbergen drilling facility, which will now proceed to wildcat well 7324/9-1 in the Barents Sea to cut and pull the wellhead. The well is located in production licence 614, where Statoil Petroleum AS is the operator.

6 Nov 2014

Odfjell Drilling takes delivery of 'Deepsea Aberdeen'

Odfjell Drilling has today taken delivery of Deepsea Aberdeen from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. “We are pleased to take delivery of Deepsea Aberdeen. The rig is an important contribution to our fleet and operations and we are well prepared to ensure a safe and efficient commencement of operations for BP West of Shetland, says CEO Simen Lieungh”. .... [+ read more] Deepsea Aberdeen is the latest addition to Odfjell Drilling’s fleet of harsh environment and ultra-deepwater drilling units. The semi-submersible is of same design and incorporates the excellent operational performance as Deepsea Atlantic and Deepsea Stavanger. Deepsea Aberdeen will now start on its voyage to West of Shetland for its 7-year contract with BP. Commencement on drilling operations is expected to take place in second half of Q1 2015.

6 Nov 2014

Statoil to suspend 'Songa Trym' for remainder of 2014

Statoil will suspend Songa Trym contract after the current well at the Oseberg field in the North Sea. The rig is currently performing plug and abandonment activity and is ahead of planned schedule for this scope of work. From mid November 2014, the rig will go on 75% suspension rate (USD279,000 per day) expected until the end of the year 2014. .... [+ read more] Songa Offshore plan to take the opportunity of this suspension period to accelerate some specific planned maintenance work that is more cost efficiently achieved outside operations. This is the third contract suspension enacted by Statoil in 2014, following the suspension of the COSLPioneer and Scarabeo 5 contracts.

6 Nov 2014

Statoil stacks a further two semisubs

Statoil has decided to suspend two new rigs due to overcapacity in the rig portfolio. Transocean Spitsbergen and Songa Trym will be suspended through 2014, a period which might be extended. The exploration programme in the Barents Sea for 2014 is nearing completion. After Transocean Spitsbergen has completed the Saturn well the rig will cut and retrieve a wellhead in the .... [+ read more] Mercury exploration well. The job is estimated to be finished in mid-November. Subsequently the rig will be suspended to the end of the year. The suspension is a result of overcapacity in Statoil’s rig portfolio, and unsuccessful attempts to mature alternative assignments for the rig. “The exploration programme has been highly efficient. Transocean Spitsbergen drilled the last seven wells 40% faster than the industrial average in the Barents Sea. This allowed two more wells than originally planned to be drilled. We are very pleased with the work performed for us by Transocean. Unfortunately we are now in a situation of overcapacity, at the same time as the industry is facing high costs and lower profitability,” says Statoil’s chief procurement officer Jon Arnt Jacobsen. Transocean Spitsbergen is planning a yard stay from 1 January 2015. The rig is under contract to Statoil to the start of 3Q 2015. Songa Trym will be suspended after the rig has completed plugging a well on the Oseberg field in the North Sea. This job is scheduled to be completed in mid-November. “Songa Trym has delivered well on efficiency and safety, and we would have liked to use the rig also for the rest of the year. We have tried to find new assignments for the rig, but our attempts to realise the identified options have not been successful. We are now together with our partners maturing identified drilling assignments for both rigs for 2015,” says Jacobsen. After the two rigs are suspended Statoil will have 15 rigs in activity on the Norwegian continental shelf.

4 Nov 2014

Stena Clyde mobilises to drill Pryderi-1

IPB Petroleum is pleased to advise that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) has received notification that the Stena Clyde drill rig departed the Puffin field location this morning and that the rig is currently under tow to the Pryderi-1 location in WA-424-P. IPB Petroleum estimates that the Stena Clyde will arrive at the Pryderi-1 location later .... [+ read more] this week with spudding to commence shortly thereafter. IPB intends to make a further ASX announcement when this occurs.Pryderi-1 is a relatively shallow well and based on the current schedule IPB estimates that the target reservoir will be intersected within a week of spudding the well. Following logging this Pryderi-1 well will then be plugged and abandoned.

4 Nov 2014

Shell to use 'Transocean Barents' on Ormen Lange

Shell has received consent to use Transocean Barents to drill a production well at Ormen Lange. Ormen Lange is a gas field located in the southern part of the Norwegian Sea. Norske Shell AS (Shell) is the operator of the field, which came on stream in 2007. Water depth at Ormen Lange is between 800 and 1100 metres, and the field .... [+ read more] has been developed using subsea technology. The PSA has now granted Shell consent to use the Transocean Barents mobile drilling facility to drill production well 6305/7-D-5H. Drilling is scheduled to begin on 15 November 2014. Environmental protection factors mean that drilling in the reservoir is not permitted in winter. Drilling will therefore be suspended and not recommence until 1 March 2015 at the earliest.

4 Nov 2014

RWE DEA prepares to drill wildcat in PL 420

The Norwegian Petroleum Directorate has granted RWE Dea Norge AS a drilling permit for well 35/9-12 S, cf. Section 8 of the Resource Management Regulations. Well 35/9-12 S will be drilled from the Leiv Eiriksson drilling facility at position 61°15`28.34" north and 3°44`46.61" east after completing the drilling of wildcat wells 34/6-3 S and 34/6-3 A for Total E&P Norge AS .... [+ read more] in production licence 554. The drilling program for well 35/9-12 S relates to drilling of a wildcat well in production licence 420. RWE Dea Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Statoil Petroleum AS (40 per cent) and Idemitsu Petroleum Norge AS (30 per cent). The area in this licence consists of part of block 35/9. The well will be drilled about 80 kilometres southwest of Florø. Production licence 420 was awarded on 16 February 2007 (APA 2006). This is the fourth well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

4 Nov 2014

Seadrill sells drillship to MLP Seadrill Partners

Seadrill Limited (Seadrill) announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51% owned subsidiary (Capricorn Holdings), all of the ownership interests in the entities that own and operate the drillship, the West Vela (the Vela Acquisition). The Vela Acquisition, which is expected to .... [+ read more] close within 3 days, will be accomplished through a series of purchases, contributions and assumption of debt. The West Vela is a 6th generation, dynamically positioned drillship delivered from the Samsung shipyard to its current customer, BP, in November 2013. The West Vela is expected to carry out operations in the U.S. Gulf of Mexico until the end of its contract in November 2020. The implied purchase price of the Vela Acquisition is USD900 million, less USD433 million of debt outstanding under the existing facility financing the West Vela. Based on Seadrill Partners' 51% ownership of Capricorn Holdings, its portion of the net purchase price after debt will be USD238 million.

3 Nov 2014

Total completes Garantiana appraisal drilling

Total E&P Norge AS, operator of production licence 554, has completed drilling of appraisal well 34/6-3 S on the 34/6-2 S oil discovery and wildcat well 34/6-3 A. The wells were drilled about 30 kilometres northeast of the Visund field in the northern North Sea. Appraisal well 34/6-3 S is located 2 kilometres southwest of the 34/6-2 S discovery well. .... [+ read more] The objective of the well was to delineate the 34/6-2 S oil discovery made in the Cook formation in the Lower Jurassic in 2012. Before drilling of the appraisal well, the discovery was estimated at 6 million Sm3 recoverable oil. A secondary target was to prove petroleum in the Statfjord group in the Lower Jurassic, higher up on the structure than well 34/6-2 S. Appraisal well 34/6-3 S proved a total gross oil column of 120 metres in the Cook formation. The reservoir quality is very good. The Statfjord group is dry. The oil/water contact was not encountered. Preliminary calculation of the size of the oil discovery is between 6 and 14 million Sm3 of recoverable oil. Extensive data acquisition and sampling were carried out, including a successful formation test in the Cook formation. The well was tested with a stable production rate of 940 standard cubic metres (Sm3) of oil per flow day through a 24/64-inch nozzle opening, and with a maximum production rate of 1100 Sm3 oil per flow day through a 28/64-inch nozzle opening. The test showed good flow properties with stable flow pressure and low pressure decline, and consistent pressure build-up. The well produced oil with a gas-oil ratio of 19m3/m3. Extensive data analyses and studies have been started to confirm the resource estimate and to assess possible development solutions. The objective of wildcat well 34/6-3 A was to prove petroleum in Early Jurassic reservoir rocks in a separate structure right next to the 34/6-2 S discovery. The secondary exploration target was to prove petroleum in the Statfjord group in the Lower Jurassic. The well encountered a 12-metre net oil column in the Cook formation. The recoverable resources estimate is up to 0.5 million Sm3 oil. The Statfjord group is dry. The well was terminated in the Statfjord group. Sampling and data acquisition were carried out. The well was not formation tested. These are the third and fourth exploration wells in production licence 554, which was awarded in APA 2009. Well 34/6-3 S was drilled to a measured depth of 4462 metres (3791 metres vertical depth below the sea surface) to the Statfjord group in the Early Jurassic. Well 34/6-3 A was drilled to a measured depth of 4019 metres (3724 metres vertical depth) under the sea surface. Water depth is 381 metres. The wells will be permanently plugged and abandoned. The wells were drilled by the Leiv Eiriksson semi-submersible drilling facility, which will now drill wildcat well 35/9-12 S in production licence 420 in the northeastern North Sea, where RWE Dea is the operator.

3 Nov 2014

BOT Lease Co., Ltd places another newbuild jackup order

Sembcorp Marine is pleased to announce that its subsidiary PPL Shipyard has secured a USD240 million contract to build a new jack-up drilling rig from BOT Lease Co., Ltd (“BOTL”), a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group. The contract value may be higher on additional specification requirements to be .... [+ read more] negotiated among the parties involved. Scheduled for delivery at the end of October 2016, the new rig (to be named Hakuryu-14) will be built based on PPL Shipyard’s established proprietary Pacific Class 400 (PC 400) design. This latest generation of high-specification jack-up rigs is capable of operating in deeper waters of 400 feet and drilling high pressure and high temperature wells to depths of 35,000 feet. The rig design features two million pounds hook load and the latest drilling equipment for improved drilling efficiencies along with offline handling features and simultaneous operations support. It will have accommodation for 150 persons with full catering and amenities. This will be the second jack-up rig that PPL Shipyard is building for BOTL, with Japan Drilling Co., Ltd (JDC) once again being the project coordinator as well as providing the project management team during the rig construction phase. The first unit, named Hakuryu-12, is presently under construction with contractual delivery at end January 2015. PPL Shipyard also built the Hakuryu-10, a PPL Shipyard proprietary Pacific Class 375 series, for JDC - that unit was delivered in June 2008 and is currently chartered to Total E&P Indonesia.

31 Oct 2014

Keppel wins newbuild jackup order

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo-Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about USD240 million. Scheduled for completion at end 2016, the rig - which is provisionally named Hakuryu-15 - .... [+ read more] will be operated by Japan Drilling Co., Ltd (JDC) based on the leased agreement with BOTL. Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M, said, "We are pleased for this opportunity to support BOTL, and to join hands with our valued customer JDC once again. Hakuryu 15 is the second KFELS Super B Class jackup rig that will join JDC's fleet, and their support is a reiteration of their trust and confidence in our proprietary solutions and companies. "The KFELS Super B Class is an innovative solution for drilling rigs that can operate in deeper depths and at higher temperature and pressure levels. With 11 such rigs successfully operating around the world, we are confident this new addition will be just as successful for BOTL and JDC. Our strong understanding with JDC developed over several projects will stand us in good stead in delivering this rig to their highest standards, safely, on time and within budget." Mr Yuichiro Ichikawa, President and Representative Director of JDC, said, "Over the years, we have entrusted several of our newbuilding and repair projects to Keppel and they have proven to be a worthy partner. Hakuryu-11, our KFELS Super B Class unit from Keppel FELS was delivered safely and on-time in 2013, and has been working well in the field. Hakuryu-15 will enable us to meet the strong demand from our customers for premium class jackup rigs and strengthen our position as a leading offshore drilling contractor. We look forward to receive another outstanding drilling unit that fits our exacting requirements." The KFELS Super B Class design has a drilling depth of 35,000 ft. This rig's leg structure is uniquely designed to provide enhanced robustness for operations at 400 ft water depth. The rig, adapted to JDC's operating philosophy, is engineered to operate in high ambient temperatures and can accommodate 150 personnel on-board. It features an offline stand building capability to handle drill pipes efficiently, a high capacity hook load of 2 million pounds, boosting overall rig performance and productivity.

31 Oct 2014

Songa completes final CAT-D rig financing

Songa Offshore SE has announced that the documentation for the previously announced USD 1.1 billion senior secured credit facility for the financing of the last two Cat D drilling rigs, Songa Encourage and Songa Enabler, has been completed and the loan agreements have been signed by all parties. The financing consists of a revolving pre-delivery financing of USD 90 million per .... [+ read more] rig and a post-delivery financing of USD 550 million per rig. The pre-delivery loan will be priced at LIBOR plus 3.00%, the post-delivery loan will be priced at LIBOR plus 2.50% and was substantially oversubscribed. The post-delivery financing has a tenor of 5 year and an approximately 11.5 year amortization profile.

30 Oct 2014

'West Telesto' to drill exploration well in Australia

Hibiscus Petroleum Berhad (Hibiscus Petroleum) today announced that its wholly-owned entity, Carnarvon Hibiscus Pty Ltd (CHPL), has signed a rig share agreement for the drilling of an exploration well located in VIC/P57 offshore Australia. The agreement is signed with OriginEnergy Resources Ltd (Origin) which intends to drill two wells prior to handing over the rig to CHPL. Under the agreement, CHPL .... [+ read more] will assume the services of the Seadrill West Telesto drilling rig, an independent leg cantilever jack-up rig, to spud and drill the Sea Lion exploration well after the Origin’s drilling activities. The drilling of the Sea Lion exploration well is estimated to take up to 30 days. The agreement also provides CHPL with an option to drill the two West Seahorse development wells immediately following Sea Lion.The Rig Share Agreement with Origin was chosen for several reasons, including the significant savings gained for sharing of the mobilisation and demobilisation costs, certainty of the rig’s availability period, strong past operating performance, crew competence and good health, safety and environment record.

30 Oct 2014

Cairn re-enters SNE-1 exploration well in Senegal

Cairn Energy (Cairn) has announced that the company has re-entered the SNE-1 well in Senegal using the Cajun Express semisub. The rig moved to the SNE-1 location upon completion of the FAN-1 well, with water depths around 1,100m at the well location. The two objectives in SNE-1 estimated by Cairn to have a gross mean unrisked prospective resource of 182mmbbls and .... [+ read more] 256mmbbls respectively and the well is anticipated to complete before the end of the year.

30 Oct 2014

Lundin spuds Lindarormen prospect in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 6405/12-1 in PL584 has commenced. The well will investigate the hydrocarbon potential of the Lindarormen prospect in PL584, located 150 km northwest of Kristiansund on the Norwegian coast and approximately 80 km northeast of the Ormen Lange .... [+ read more] Field. The main objective of well 6405/12-1 is to test the reservoir properties and hydrocarbon potential of Paleocene sandstones in the Rås Basin. Lundin Petroleum estimates the Lindarormen prospect to have the potential to contain unrisked, gross prospective resources of 194 million barrels of oil equivalent (MMboe). The planned total depth is 3,280 metres below mean sea level and the well will be drilled using the semisubmersible drilling unit Bredford Dolphin. Drilling is expected to take approximately 60 days. Lundin Norway is the operator and has a 60 percent working interest in PL584. Bayerngas Norge is partner with 40 percent working interest.

30 Oct 2014

Statoil to plug Gullfaks South exploration well with Songa Dee

Statoil is the operator at Gullfaks Sør, located in block 34/10 in the northern part of the North Sea. The field has been developed using a subsea solution tied back to the Gullfaks A and C facilities. Production on the field began in October 1998. Statoil has now received consent to use the Songa Dee mobile drilling facility to plug exploration .... [+ read more] well 34/10-52 A/B permanently. The well was drilled and temporarily plugged in 2011. The operation is planned to begin in late October and is estimated to last for 16 days.

30 Oct 2014

Statoil sanctions Stampede development

Statoil has decided to invest USD1.5 billion in the Stampede development in the U.S. Gulf of Mexico, which is expected to begin production in 2018. Statoil owns 25% of Stampede, which is operated by Hess. Total project costs are expected to be approximately USD6 billion. Stampede, a new project named from unitizing the former discoveries of Knotty Head and Pony, is .... [+ read more] located approximately 350 kilometers (215 miles) from New Orleans, Louisiana at a water depth of more than 1,000 meters (3,500 feet). The reservoir depth is 9,100 meters (30,000 feet). Stampede consists of Green Canyon Blocks 468, 511 and 512. The reservoir contains approximately 350 million barrels of recoverable oil. Stampede’s development plan calls for six subsea production wells and four water injection wells from two subsea drill centers tied back to a tension leg platform. Gross topsides processing capacity for the project is approximately 80,000 barrels of oil per day and 100,000 barrels of water injection capacity per day. Drilling is expected to begin in Q4 2015 and will be performed by two newbuild drillships; the Ocean BlackLion and Ocean BlackRhino.

28 Oct 2014

Lundin spuds Kopervik prospect in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 25/10-12S in PL625 has commenced. The well will investigate the hydrocarbon potential of the Kopervik Prospect in PL625, located 175 km west of Haugesund on the Norwegian west coast and approximately 20 km northwest of the Johan .... [+ read more] Sverdrup discovery. The main objective of well 25/10-12S is to test the reservoir properties and hydrocarbon potential of the Upper and Middle Jurassic Sandstones in the Kopervik sub-basin. Lundin Petroleum estimates the Kopervik prospect to have the potential to contain unrisked, gross prospective resources of 163 million barrels of oil equivalent (MMboe). The planned total depth is 2,570 metres below mean sea level and the well will be drilled using the semisubmersible drilling unit Island Innovator. Drilling is expected to take approximately 60 days. Lundin Norway is the operator and has a 40 percent working interest in PL625. Bayerngas Norge, Maersk Oil Norge AS and Petoro AS are partners, each with 20 percent working interest.

27 Oct 2014

Eni announces large gas discovery in Indonesia

Eni has made an important gas discovery at the Merakes exploration prospect, in the East Sepinggan Block, where Eni is operator with a 100% stake. The Block is located in the offshore East Kalimantan (Borneo), 170 kilometres south of the Bontang LNG Plant and 35 kilometres from the offshore Jangkrik field, also operated by Eni. The find was made through the .... [+ read more] Merakes 1 well which was drilled at a water depth of 1,372 metres and reached a total depth of 2,640 metres. The well encountered a significant accumulation of gas in the lower Pliocene clastic sequence. Merakes has crossed a hydrocarbon column of 60 metres in high quality sandstones. Merakes is the first exploration well drilled by Eni in the East Sepinggan Block, which was assigned to the Company in 2012 following an International Bid Round. Merakes potential has been preliminary estimated to be 1,3 Trillion cubic feet (Tcf) of gas in place. The discovery has further upside that will be assessed with a delineation campaign. Claudio Descalzi, Eni’s CEO said: "This new success further implements the Company’s growth strategy in the Pacific Basin where, in addition to its presence in Indonesia, Australia and China, Eni recently signed new exploration contracts in Vietnam, Myanmar and China. Merakes finding is a significant one as it strengthens our position as operator in Indonesia. Moreover thanks to its proximity to the Jangkrik field, which is currently under development, this new gas finding could supply in the future additional gas volumes to the Bontang LNG plant. This new achievement proves once more the effectiveness of Eni’s strategic approach to exploration, which is based on operating with elevated stakes in exploration phase to better valorize exploration success" Eni has been operating in Indonesia since 2001 and currently has a large portfolio of assets in exploration, production and development which have an increasing importance in contributing to the overall Company’s production growth. The company holds working interests in fourteen permits and is operator in ten of them. The exploration activities are located in acreage in the Tarakan and Kutei Basins, offshore Kalimantan, north of Sumatra, West Timor and West Papua. In the Kutei Basin in early 2014 Eni started the development activities of the deep offshore Jangkrik gas field in the Muara Bakau PSC. Eni also holds a participating interest in the development of significant gas reserves located in the Ganal and Rapak PSCs. Production activities are located in the Mahakam River Delta, East Kalimantan through the participated Company VICO Ltd (Eni 50%, BP 50%) operator of the Sanga Sanga PSC that provides an average equity production of 17,000 barrels of oil equivalent per day.

27 Oct 2014

'Dukhan' jackup enters service in Qatar

Gulf Drilling International (GDI) a subsidiary of Gulf International Services (GIS) the largest oilfield services company in Qatar, announced today that the new jack-up drilling rig Dukhan has been accepted by its client, Qatar Petroleum, and left NKOM Shipyard at Ras Laffan yesterday in route to its first location. Dukhan is the 9th offshore jack-up rig in GDI's fleet and the .... [+ read more] 3rd jack-up rig to be under contract to QP, joining the jackup rigs Al Doha and Al Zubarah. GDI took delivery of the rig from Keppel Fels Shipyard in Singapore last August and had it dry towed to Qatar last month. While undergoing final commissioning and testing in NKOM Shipyard, various third party equipment was installed and drill pipe loaded onto the rig to achieve QP's final acceptance. GDI’s Chief Executive Officer, Mr. Ibrahim J. Al Othman said: “I am pleased to see this rig sail out safely to its first well location in Qatar ahead of schedule. This marks the 5th state of the art cyber rig of GDI’s fleet and will serve to further enhance our operational capabilities while lowering the average age of our rigs. The inspection and acceptance process went very smoothly, allowing drilling services to commence early than expected. I want to thank QP for their excellent support and cooperation, which made the early start of drilling operations possible.”

27 Oct 2014

Saudi Aramco awards three year extension to 'Perro Negro 7'

Saipem has been awarded a number of new engineering & construction contracts and new drilling contracts in the Middle East and in Latin America, which are cumulatively valued at approximately USD2 billion. Included within these new contracts is a three year contract extension for the Perro Negro 7 jackup from Saudi Aramco. The extension will begin in November 2015 following on .... [+ read more] from the one year extension the unit was awarded in May 2014.

27 Oct 2014

Short term contract for 'Maersk Venturer'

Maersk Drilling’s third drillship, Maersk Venturer, which was delivered 25th September 2014 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea, has secured a short term contract with oil major Total. Maersk Venturer will commence a one well programme offshore Malaysia with an estimated duration of 45 days with potential extension up to 40 days. The drilling programme is .... [+ read more] expected to start in December 2014 following acceptance testing. The estimated revenue from the firm 45 days period is USD 17 million. “Total is a highly valued customer of Maersk Drilling and we see the contract award as a reflection of our long and good collaboration over the years. We are happy to get the Maersk Venturer out working, especially with the short term challenges in the floater market, and we remain confident that we can secure another good contract for the drillship, when this short term contracts ends,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group.

27 Oct 2014

Hess and Awilco drilling amend 'WilHunter' option period

Awilco Drilling PLC and Hess UK Ltd have agreed to postpone the date by which the duration of the option of up to 275 days on WilHunter is to be declared, the option declaration date is not later than 25th February 2015. The unit has been drilling for Hess since April 2013 and if the contract option is declared, then it .... [+ read more] would stay with the operator into Q4 2016.

27 Oct 2014

Lundin comes up dry with Gobi-1

Lundin Petroleum AB (Lundin Petroleum) announces that the exploration drilling of the Gobi prospect in the Gurita PSC, Natuna Sea, Indonesia has been completed.Gobi-1 wildcat exploration well was drilled to a final depth of 2,373 meters below mean sea level (MSL) using the Hakuryu-11 drilling rig. The well was drilled through the Miocene to Oligocene primary and secondary objectives and reached .... [+ read more] basement as planned. Gobi-1 encountered well developed sandstone reservoir, but no hydrocarbon shows were encountered and the well is being plugged and abandoned as a dry hole. Lundin Petroleum, through its wholly owned subsidiary Lundin Gurita BV, is the operator and has a 90 percent working interest in the Gurita PSC. Nido Petroleum Limited is a partner with 10 percent working interest.

27 Oct 2014

Lundin spuds Kitabu-1 well in Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has spud the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia. The Kitabu prospect is a stratigraphic trap located four kilometres to the north of the Shell-operated producing South Furious 30 oil field with target reservoirs in on lapping turbidite sandstones of the same Miocene sequence. Lundin Petroleum estimates .... [+ read more] the Kitabu prospect to have the potential to contain unrisked, gross prospective resources of 71 million barrels of oil equivalent.Kitabu-1 is a vertical well to be drilled by the jackup rig West Prospero to a depth of 2,270 metres in approximately 50 metres water depth. The drilling of the well is expected to take approximately 35 days. Lundin Petroleum holds a 42.5 percent interest in Block SB307/308 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partners are EnQuest with a 42.5 percent interest and Petronas Carigali with a 15 percent interest. Lundin Malaysia BV operates seven blocks in Malaysia, namely PM307, PM308A, PM308B, PM319, PM328, SB303 and SB307/308.

26 Oct 2014

'High Island IV' to enter Drydocks world for repairs

Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas, and energy sectors, has been chosen to carry out the dry docking and repairs of the jack-up “High Island IV” for Shelf Drilling, one of the major players in the shallow water drilling market, and owners of 40 rigs worldwide. Drydocks World-Dubai has a successful past with Shelf .... [+ read more] Drilling, previously completing a variety of work on six of their rigs, ranging from Saudi Aramco specifications to major upgrades and re-activation. The contract signing for the “High Island IV” was held in Dubai Maritime City in the presence of His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, and Mr. Kurt Hoffman, Chief Operating Officer of Shelf Drilling, in addition to senior management staff from both companies.

24 Oct 2014

VAALCO enters into SEP for block 5 in Angola

VAALCO Energy, Inc. (VAACLO) today announced that the Company has entered into the Subsequent Exploration Phase ("SEP") on Block 5 offshore Angola together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed in 2006 with the Republic of Angola. The SEP extends the exploration license for an additional three year period such that the .... [+ read more] new expiry date for exploration activities is November 30, 2017. The SEP requires the Company and its partner to acquire a 3D seismic program covering six hundred square kilometers and to drill two additional exploration wells. The seismic obligation has been satisfied with a seismic program already completed covering 1,058 square kilometers over the outboard portion of the block. By entering the SEP, the Company is now required to drill a total of four exploration wells during the exploration extension period. The four well obligation includes the two well commitment under the primary exploration period that carries over to the SEP period. A ten million dollar assessment (five million dollars net to VAALCO) applies to each of the four commitment exploration wells, if any, that remain undrilled at the end of the exploration period in 2017. As previously announced, the Company has contracted for the Transocean "Celtic Sea" semi-submersible rig to drill the first exploration well, the post-salt, Kindele-1 well. The Kindele well is targeting the Mucanzo sand (Pinda group) with a planned total depth of 2,250 meters in a water depth of 101 meters. Gross unrisked recoverable resources are estimated to be between 20-49 million barrels. The rig is currently estimated to be on location in mid-December 2014. The decision to enter the SEP was made in part to remove uncertainty that the primary term of the exploration license would be extended by the Republic of Angola before the November 30, 2014 expiration date.

24 Oct 2014

Karoon receives 'Olinda Star' rig

Karoon Gas Australia is pleased to announce the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras. The rig is currently in the Campos Basin and expected to be on location in the Santos Basin running anchors in the next few days with a likely spud date for the Kangaroo-2 appraisal well during the second week .... [+ read more] of November. The Kangaroo-2 appraisal well is located approximately 300 metres updip from Kangaroo-1 and will test the thick reservoir sequence observed in all surrounding wells. It is anticipated that a 350 metre plus gross hydrocarbon column will be intersected in this well.

23 Oct 2014

Chevron strikes at Guadalupe

Chevron Corporation (Chevron) today announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in 3,992 feet of water and was drilled to a depth of .... [+ read more] 30,173 feet. "The discovery further demonstrates Chevron's exploration capabilities," said George Kirkland, vice chairman and executive vice president, Upstream, Chevron Corporation. "Guadalupe builds on our already strong position in the deepwater U.S. Gulf of Mexico, a core focus area where we expect significant production growth over the next two years." “The Guadalupe discovery adds momentum to our growing business in North America,” said Jay Johnson, senior vice president, Upstream, Chevron Corporation. “Our deepwater exploration and appraisal program continues to unlock important resources in the Gulf of Mexico.” “Chevron subsidiaries are among the top producers and leaseholders in the Gulf of Mexico, averaging net daily production of 143,000 barrels of crude oil, 347 million cubic feet of natural gas, and 15,000 barrels of natural gas liquids during 2013,” said Jeff Shellebarger, president, Chevron North America Exploration and Production Company. “The company expects additional Gulf of Mexico production from the Tubular Bells and Jack/St. Malo projects by the end of the year.” Chevron subsidiary Chevron U.S.A., Inc. began drilling the Guadalupe well in June 2014. More tests are being conducted on the discovery well and additional appraisal wells will be needed to determine the extent of the resource.

23 Oct 2014

GDF Suez and BP discover oil in North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. The discovery, referred to as ‘Marconi’ by GDF SUEZ .... [+ read more] and ‘Vorlich’ by BP, is located in the Central North Sea. Ruud Zoon, Managing Director of GDF SUEZ E&P UK Ltd said: “This is an encouraging exploration discovery in a part of the Central North Sea that needs additional volumes of hydrocarbons to open up development options for several stranded discoveries. The discovery is our third successful well this year and demonstrates a continuing commitment by GDF SUEZ to an active exploration and appraisal drilling programme on the UK Continental Shelf.” Trevor Garlick, Regional President of BP North Sea said: “As BP marks its 50th year in the North Sea and as the industry looks to maximise economic recovery from the basin, increasing exploration activity and finding new ways to collaborate will be critical to realising remaining potential. This discovery is a great example of both.” The well was drilled by GDF SUEZ E&P UK Ltd as operator, with the Transocean Galaxy II jackup rig under a joint well agreement between the two licence groups. Business and Energy Minister Matthew Hancock said: “We are determined to have set the right fiscal and regulatory regimes to make sure we can get the maximum possible economic extraction of oil and gas from the North Sea.” “This discovery shows exactly what can be achieved in the North Sea if companies work together to maximise the considerable potential of remaining oil and gas reserves.”

22 Oct 2014

PSA approves 'Songa Trym' for plugging operations on Oseberg field

Statoil has received consent to use Songa Trym for permanent well plugging on the Oseberg field. Statoil is the operator on the Oseberg field, located in blocks 30/6 and 30/9 in the northern part of the North Sea. Well 30/6-B-51 AH is a subsea well tied to the Oseberg A facility. The well was drilled in 1996, but has not produced .... [+ read more] since 2007. There have been integrity problems in the well, and Statoil has decided to plug it permanently. The PSA has now granted Statoil consent to use the Songa Trym mobile drilling facility to plug the well. Statoil has allocated 45 days for the activity, which will start in late October. Water depth at the site is around 105 metres. Songa Trym is a semi-submersible drilling facility of the Aker H-3 type, built at Aker Verdal in 1976. Major improvements to the facility were made in 2012. Songa Trym is operated by Songa Management AS of Stavanger. The vessel is registered in the Norwegian register of shipping and classified by DVN GL. Due to its change of ownership, Songa Trym received a new Acknowledgement of Compliance (AoC) from the PSA in February 2013.

22 Oct 2014

Songa announces reduction in bareboat charter for Songa Venus

Reference is made to the announcements made by Songa Offshore SE ("Songa Offshore") on 25th April 2014 and 23rd July 2014 regarding the sale of Songa Mercur and Songa Venus. Following negotiations between the Songa and the buyer certain amendments have been made to the transaction whereas the Songa’s liabilities in relation to the Songa Venus bareboat have been reduced. The .... [+ read more] following changes have been made to the previously announced transaction; the bareboat charter for Songa Venus between the buyer and Songa Offshore will end 15 February 2015, reduced from 31 March 2015. The operating expenses for Songa Venus will be for the account of the buyer from 1 November 2014. Songa Offshore will however pay a fixed daily rate of USD 35,000 as a contribution for operating expenses from 1st November 2014 until 15 February 2015. Songa Offshore will not engage in new employment for Songa Venus during the term of the bareboat charter. Songa Offshore will consequently discontinue to report operating and earnings efficiency for Songa Venus

21 Oct 2014

Ophir completes drill stem test on Fortuna-2

Ophir Energy plc (“Ophir”) has announced the successful Drill Stem Test (DST) on the Fortuna-2 well in Block R, Equatorial Guinea. Ophir holds 80% of Block R and GEPetrol 20%. After successfully drilling and coring the Fortuna-2 well, a DST was conducted to prove the deliverability of the Fortuna gas field. The DST achieved a sustained flowrate of 60MMscfd with .... [+ read more] a drawdown of less than 20 psi at the reservoir. This rate was surface equipment constrained. Based on the expected operating conditions of the FLNG facility, the well is estimated to have been able to deliver a production rate of c.180MMscfd via the 5” drill pipe that was used for the DST. The excellent flow rate, at minimal drawdown, is a strong indication that the number of development wells required for the Fortuna reservoir will be reduced from the seven initially assumed in scoping work, thereby improving development economics. During pre-FEED, this result will be evaluated, in conjunction with the core, to create reservoir models that will then help determine the final number of development wells. The Fortuna field complex has estimated mean recoverable resources of 1.3TCF and will form the first phase of the FLNG development. This result further de-risks the Miocene turbidite play that forms all of the Block R accumulations. The total estimated mean recoverable resources of Block R, including the discoveries and adjacent de-risked volumes, are now 3.4TCF. The incremental volumes (1.2TCF from the Silenus Complex, 0.5TCF from Tonel and 0.4TCF from other smaller discoveries) will be produced in the later phases of the development as the Fortuna field comes off plateaux. The next milestones for the Block R FLNG development will be (i) the agreement of gas fiscal terms and (ii) the selection of the consortium to build, own and operate the mid-stream project. Both of these are anticipated by end 2014. The award of the upstream and midstream FEED contracts is planned in early 2015. FID is expected in 2016 and first gas in 2019.

21 Oct 2014

Pryderi-1 well spud pushed back to late October 2014

IPB Petroleum advises that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) has received an update from its drilling contractor that the estimated commencement date for the Pryderi-1 rig contract is now due late October to early November 2014. Due to a projected extension in current rig operations at the Puffin field (located north of WA-424-P), IPB Petroleum now .... [+ read more] estimates that the Stena Clyde semi-submersible rig will begin mobilisation to the Pryderi-1 well location late October to early November 2014.Unless the schedule changes materially over the coming 1 - 2 weeks, IPB will next update shareholders in relation to the Pryderi-1 well at the time of the rig handover. Pryderi-1 is a relatively shallow well and based on the current schedule IPB estimates that the target reservoir will be intersected within a week of spudding the well. Following logging this Pryderi-1 well will then be plugged and abandoned.

21 Oct 2014

Statoil confirms discovery at Grane field

Statoil Petroleum AS, operator of production licence 169, is about to complete drilling of appraisal well 25/8-18 S. The 25/8-4 discovery was proven in 1992 by Norsk Hydro Produksjon AS. The reservoir is in the Heimdal formation from the Palaeocene Age. The discovery is located approx. eight kilometres northeast of the Grane field in the central part of the North Sea, .... [+ read more] and the size was originally estimated at about one million standard cubic metres (Sm 3) of recoverable oil. Appraisal well 25/8-18 S was drilled approx. 0.9 kilometres southeast of the 25/8-4 discovery well and about 180 kilometres west of Stavanger. The primary and secondary exploration targets for 25/8-18 S were to confirm oil volumes, the producibility properties and also to examine the discovery higher up in the structure in Palaeocene reservoir rocks (in the Heimdal formation and intra-Balder formation sandstone, respectively). 25/8-18 S encountered an approx. 25-metre oil column in the Heimdal formation with very good reservoir properties. The Heimdal formation is 55 metres thick in total. Gas was also encountered in a thin sandstone in the Balder formation. Preliminary estimates of the size of the discovery are now between 5 and 12 million Sm3 recoverable oil. The licensees will assess various development alternatives together with other discoveries in the area. Extensive data acquisition and sampling were carried out. This is the 14th exploration well drilled in production licence 169. Well 25/8-18 S was drilled to a vertical and measured depth of 1863 and 1867 metres below the sea surface, respectively, and was terminated in the Shetland Group in the Upper Cretaceous. The well will now be permanently plugged and abandoned. Water depth is 129 metres. The well was drilled by the Transocean Leader drilling facility, which will now carry out permanent plugging of a previous discovery well, 25/11-16 (Svalin), in the same production licence.

20 Oct 2014

Genel announces discovery at Sidi Moussa block

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing. San Leon holds a 10% net .... [+ read more] working interest in the Sidi Moussa block, where Genel Energy is the operator. The SM-1 well was spud using the Noble Paul Romano semisub drilling rig on the 30th July 2014.

20 Oct 2014

Songa releases update of SPS for 'Songa Dee'

Songa Offshore AS (Songa) has released an update surrounding the scope of work for the Songa Dee’s Special Periodic Survey (SPS). The SPS has progressed according to plan, including the budget of 60 days and USD 90 million. The rig has during the yard stay achieved its certification on hull and structure by DNV, the BOP has been overhauled and lifted .... [+ read more] back on-board. The commissioning of the BOP, as well as the winch upgrades, are in its final stages. During the yard stay the Songa Dee has, however, experienced unexpected failure on one of four main engines. Critical parts for the engine are currently being prepared for re-installation. The rig is expected to leave Invergordon, Scotland, on 7 November 2014, allowing it to be back on day rate a few days later. The costs related to the engine incident will be claimed against insurance and are not expected to impact the overall yard stay costs beyond the budget.

20 Oct 2014

'Mercury' jackup christened in Russian shipyard

The christening ceremony of jack-up rig Mercury took place on site of “Astrakhan Shipbuilding Production Association” (part of “Caspian Energy Group”). It is the second jack-up rig assembled with facilities of “Astrakhan Shipbuilding Production Association”. In 2013 jack-up rig Neptune of the same type left for the offshore field in the Caspian Sea. Operation of new jack-up rig Mercury is also .... [+ read more] planned in the Caspian Sea at depths of up 107 m. It is able to drill wells with a depth of more than 9 km. The living quarter of the platform is equipped with all the necessary facilities for the rest and household of 105 persons. The jack-up rig Mercury christening ceremony was attended by Sergey Shtrikov, General Director of OJSC “ROSSHELF”, Sergey Krzhanovsky, Minister for transport, industry and natural resources of Astrakhan Region, Konstantin Grigoriev, General Director of “Caspian Energy Management” LLC, representatives of client, Astrakhan region government, local and foreign shipbuilding and oil & gas companies.

20 Oct 2014

Ocean rig awarded contract extensions for 'Ocean Rig Corcovado' and 'Ocean Rig Mykonos'

Ocean Rig UDW Inc. (”Ocean Rig”), an international contractor of offshore deepwater drilling services, today announced that it has been awarded extensions of the drilling contracts for its Ocean Rig Corcovado and Ocean Rig Mykonos drillships. The extensions were awarded by Petrobras, the Brazilian NOC and are subject to partner approvals. The term of each extension is 1,095 days, with a .... [+ read more] total combined revenue backlog of over USD1.1 billion, exluding reimbursement by Petrobras for contract related equipment upgrades. The new contracts will commence in direct continuation of the two rigs current agreements with Petrobras.

17 Oct 2014

Vollgrav South fails to strike for Lundin

Lundin Norway AS, operator of production licence 631, has completed drilling of wildcat well 33/12-10 S. The well is dry. The well was drilled about 150 kilometres west of Florø, between the Statfjord and Gullfaks fields in the northern North Sea. The primary and secondary exploration targets for the well were to prove petroleum in reservoir rocks from the Late .... [+ read more] Jurassic (intra Draupne formation sandstone) and Eocene periods, (Hordaland group?), respectively. Well 33/12-10 C did not encounter a reservoir in the Draupne formation. In the Hordaland group, the well encountered about 35 metres of very good quality reservoir sandstone. Neither of the reservoirs showed traces of petroleum. The well is dry. Comprehensive data acquisition and sampling have been carried out. This well is the first exploration well in production licence 631, awarded in APA 2011. The well was drilled to a measured depth of 3072 metres below the sea surface and was terminated in the Heather formation from the Late Jurassic. Water depth at the site is 140 metres. The well has been permanently plugged and abandoned. Well 33/12-10 S was drilled by the Bredford Dolphin drilling facility, which will now move to the Norwegian Sea to drill wildcat well 6405/12-1 in production licence 584, with Lundin Norway AS as operator.

17 Oct 2014

Vaalco kicks off new development drilling campaign on Etame Marin block

VAALCO Energy, Inc. (VAALCO) today announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala ("SEENT") platform. All work on this project was accomplished without a safety or environmental incident. All six wells in the .... [+ read more] current drilling campaign are development wells and VAALCO has spudded the first well, Etame 8-H, using the contracted Transocean GSF Constellation II jack-up rig. The GSF Constellation II rig will be used to drill two additional development wells (Etame 9-H and 10-H), each targeting the Gamba sand formation in the Etame field, where VAALCO has been producing oil since 2002 utilizing subsea wells. First oil production from the Etame 8-H well is expected in December 2014.The GSF Constellation II will be mobilised to drill three additional development wells from the SEENT platform, beginning with a well to be drilled in the Southeast Etame field where the company drilled a successful exploration well in 2010. The remaining two development wells in the six well campaign will target Dentale sand formations in the North Tchibala field.

17 Oct 2014

Ensco Plc completes sale of four jackups to Swissco Holdings

Ensco plc (“Ensco”) has confirmed the sale of its ENSCO 83, ENSCO 89, ENSCO 93 and ENSCO 98 jackups to Swissco Holdings Limited (“Swissco”) were completed on the 30th September 2014. Swissco paid around USD170 million for the four jackup rigs, all of which are currently contracted to Pemex in Mexico. In connection with the rig sales, Ensco will continue to .... [+ read more] manage the rigs for the duration of the existing contracts with Pemex. Swissco is an integrated, international marine company providing rig and vessel chartering, ship repair, maintenance and maritime services for the oil and gas, shipping and marine infrastructure industries.

17 Oct 2014

Saudi Aramco awards new contract extensions to four Ensco jackups

2014 has been a busy year in terms of rig contracting for Saudi Arabian NOC ‘Saudi Aramco’ as the operator continues to contract units to meet its future rig requirements. Following on from the three year contract extensions awarded to Rowan Companies (“Rowan”) Hank Boswell, Scooter Yeargain and Rowan Mississippi jackups in September 2014, Saudi Aramco has awarded similar extensions to .... [+ read more] four Ensco Plc (“Ensco”) jackups in October 2014. In its latest fleet report Ensco announced that the ENSCO 76, ENSCO 84, ENSCO 96 and ENSCO 97 have all been awarded new three year contract extensions with the NOC at higher rates than their existing contracts. With these four new contract extensions the NOC has a minimum of 25 rigs contracted beyond the end of 2016, all of which are jackups.

17 Oct 2014

Keel Laying Ceremony for 'Blue Ocean Drilling Jackup TBN 2'

On the morning of the 17th October 2014, the keel laying ceremony for the H1278 jackup rig was conducted at the Shanghai Waigaoqiao Shipyard (SWS) in China. H1278 is the second Gusto MSC CJ46 jackup being constructed for Blue Ocean Drilling. Dr. Sun Yuanhui - Chairman of Blue Ocean Drilling, Mr. Chen Jun - Vice President of SWS, Mr. Zhang Wei .... [+ read more] - Chief Offshore Production Officer of SWS, and representatives from ABS’ site office attended the ceremony. The keel laying for H1278 follows the keel laying ceremony for Blue Ocean Drilling’s first jackup that took place on the 10th October.

16 Oct 2014

OSM launches newbuild jackup in Indonesia

OSM New Build Management (OSM) is pleased to announce that earlier this month OSM officially launched their first Jack Up Project (Hull no. L209) in the PaxOcean Graha Shipyard. Owned by Beijing Petrolor Oilfield Services Co.ltd, the Jack Up rig is based on a Gusto MSC CJ46 design and was built in the PaxOcean Graha shipyard. The vessel .... [+ read more] is classified under ABS and can operate up to a water depth of 375 feet. The expected delivery of this vessel is April 2015. OSM’s Douglas Dalli, Head of New Building Management, said: “We are delighted to be announcing this project launch with Beijing Petroler Oilfield Services. The launch of this Jack Up rig is a strong representation of OSM’s ability to execute in its core markets and will hopefully result in more like projects.”

16 Oct 2014

Statoil to permanently plug Svalin exploration well

Statoil is the operator on the Svalin field, located in block 25/11 in the central part of the North Sea. The field has been developed using standardised solutions for subsea production. The plan for development and operation (PDO) was approved by the Ministry of Petroleum and Energy in November 2012, and production began back in June 2014. The Svalin field is .... [+ read more] around eight kilometres south-west of the Grane field. Water depth in the area is approximately 120 metres. The well stream from the field is processed at the Grane facility. Statoil has now received consent to use the ‘Transocean Leader’ mobile drilling facility to plug exploration well 25/11-16 permanently. The well currently has a temporary plug.

16 Oct 2014

Transocean to offer shares and bonds for Caledonia Offshore

Transocean Ltd announced today that Transocean Inc. (Transocean), its wholly-owned subsidiary, intends to proceed with an unregistered offering of shares of Caledonia Offshore Drilling Company (Caledonia), a wholly owned subsidiary of Transocean, in connection with an offering being made to eligible investors in Norway and to eligible institutional investors internationally. The proposed offering of shares, which represents a minority interest in .... [+ read more] Caledonia's share capital, is intended to raise between USD125 million and USD185 million, with the net proceeds received by Transocean. Caledonia also proposes to make an unregistered offering of second lien senior secured bonds issued by Caledonia. The proposed offering of second lien senior secured bonds is intended to raise USD350 million. The net proceeds received by Caledonia, together with the proceeds expected to be received by Caledonia under a first lien bank facility, will be used to finance the acquisition by Caledonia of certain drilling rigs located in the U.K. North Sea from subsidiaries of Transocean. Transocean, or one of its affiliates, intends to purchase all of the second lien senior secured bonds issued by Caledonia in the bond offering. These offerings represent an incremental step in the execution of Transocean's asset strategy and provide the company with a flexible mechanism to maximize the value of its non-core rigs. The transactions are expected to close in the fourth quarter of 2014, subject to market and other customary conditions.

16 Oct 2014

Chevron extends 'Maersk Deliverer' contract in Angola

Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible ‘Mærsk Deliverer’ expiring in June 2015 by two years. ‘Mærsk Deliverer’ has been working for Chevron since 2012 and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. .... [+ read more] The estimated revenue potential from the two-year contract extension is USD 387 million plus compensation for cost escalations over the contract period. “We are very pleased to be able to extend our relationship with Chevron on this project, and look forward to a continued successful drilling operation. With its high growth potential Angola is a focus market of Maersk Drilling, and our ambition is to further build our position in this market over the coming years,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group.

16 Oct 2014

Soco strikes with exploration well offshore Congo (Brazzaville)

SOCO announces that SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has completed drilling the exploration well Lidongo X Marine 101 well (LXM-101). The well encountered oil in a clastics sequence in the Djeno sand formation with drilling shows and early log interpretation indicating approximately a 50 metre gross interval. Located 23 kilometres northwest of .... [+ read more] Pointe Noire in a water depth of approximately 45 metres, the LXM-101 well was drilled to a total depth of 2,665 metres after penetrating the target hydrocarbon zone. Analysis of the logs over the hydrocarbon zone indicates petrophysical parameters in line with those published for the Litchendjili field on the adjacent Marine XII Block operated by ENI. Due to the tight nature of the reservoir sands a 20 metre section has been selected for testing. The zone will be tested after a 7" liner is set and cemented. Testing, including utilising a stimulation frac, is expected to take approximately three weeks. After the completion of testing there will be a further release with results. SOCO EPC holds a 40.39% interest in the Marine XI Block. Project partners are WNR (23%), SNPC (15%), AOGC (13.11%) and PetroVietnam (8.5%).

16 Oct 2014

Statoil uses contract provision to lower rate for 'Transocean Spitsbergen'

Statoil has made a number of changes to its Norwegian rig portfolio in recent months and it appears that the operator has not finished yet. Having already suspended the contracts for the COSLPioneer and Scarabeo 5 units for the remainder of 2014, today Transocean announced that Statoil has exercised a provision its contract for the Transocean Spitsbergen. The unit which has .... [+ read more] been contracted by Statoil since its delivery in 2009 will operate at a reduced dayrate of around USD400k from the 10th November 2014 through to the 31st December 2014. This move is in line with the operators 2014 policy of focusing on capital discipline, with the recent high rates for rigs on the NCS being described as ‘unsustainable’ by Statoil.

16 Oct 2014

Karoon preparing to take delivery of 'Olinda Star'

Karoon Gas Australia (Karoon) is pleased to announce the Company expects to commence the 2-4 well appraisal and exploration drilling campaign during the second week in November 2014. The primary objective of the upcoming drilling program is to drill the lower risk appraisal well in the Kangaroo oil discovery. During July 2014, Karoon contracted the Queiroz Galvao semi-submersible drilling rig, the .... [+ read more] ‘Olinda Star’ to complete up to 4 wells in Karoon’s 65% owned and operated Santos Basin blocks, S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166. The rig is currently completing operations with Petrobras and hand over of the rig is expected in the next 2-3 weeks. The Kangaroo-2 appraisal well is designed to confirm the size of the oil column, the presence and size of a possible gas cap, reservoir continuity and properties, and flow rates. This information will be crucial for assessing the commerciality of the Kangaroo oil field and, which upon success, will be the basis for the Front End Engineering and Design (’FEED’) phase bringing the project a step closer to commerciality. The Kangaroo-2 appraisal well is located approximately 300 metres up dip from Kangaroo-1 and will test the thick reservoir sequence observed in all surrounding wells. It is anticipated that a 350 metre plus gross hydrocarbon column will be intersected in this well. The second well in the program is the Kangaroo West-1 exploration well, targeting a net un-risked prospective resource of 330mmbbls. Due to the large size and proximity to Kangaroo, a successful outcome at Kangaroo West-1 would materially add to any possible development of the Kangaroo oil field. The play type for Kangaroo West-1 is proven at Kangaroo-1 with the intersection of a 76m gross oil column and oil recovered to surface from wireline DSTs. Kangaroo West-1 is located on the western flank of the same salt structure as Kangaroo-1 and has the same trap type and reservoir and seal intervals that have been mapped into the prospect from surrounding wells. The rig contract provides Karoon with 2 firm wells plus 2 option wells, providing maximum flexibility for further appraisal of the Kangaroo oil discovery, including testing and appraisal of the Kangaroo West prospect in the event of a successful drilling in the first 2 wells.

15 Oct 2014

Ocean Rig to follow Transocean and Seadrill by applying for MLP listing

Drilling contractor Ocean Rig is preparing to potentially follow in the footsteps of other drilling contractors including Transocean and Seadrill, with the filing of initial paperwork to form a US master limited partnership (“MLP”). Ocean Rig intends to use top rigs on long-term contracts to provide a source of steady cash flow for potential investors. The MLP will be given the .... [+ read more] name ‘Ocean Rig Partners LP’ and its fleet will initially be made up of a trio of newbuild drillships, ‘Ocean Rig Athena’, ‘Ocean Rig Mylos’ and ‘Ocean Rig Skyros’. The company did not provide financial details on the proposed offering. Earlier this year Transocean successfully created its own MLP, Transocean Partners LLP which owns and operates three rigs working in the US GoM.

15 Oct 2014

Statoil given approval to drill Saturn prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7227/10-1, cf. Section 8 of the Resource Management Regulations. Well 7227/10-1 will be drilled from the Transocean Spitsbergen drilling facility at position 72°09’ 48.72" north and 70° 14´ 18.14" east. The drilling programme for well 7227/10-1 relates to the drilling of a wildcat well in production .... [+ read more] licence 230. Statoil Petroleum AS is the operator with a 35 per cent ownership interest and the licensees are Spike Exploration Holding AS with 30 per cent, Explora Petroleum AS with 20 per cent and GDF SUEZ E&P Norge AS with 15 per cent. The production licence consists of parts of blocks 7227/8, 7227/9 and 7227/10. The licence was awarded in the Barents Sea project in 1997. Wildcat well 7227/10-1 will be the first exploration well in production licence 230. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

14 Oct 2014

'Transocean Winner' to begin production drilling at Alvheim and Boyla fields

The PSA has given Det norske oljeselskap ASA (Det norske) consent to use the ‘Transocean Winner’ mobile drilling facility for production drilling at Alvheim and Bøyla in the North Sea. The background to this consent is Det norske's acquisition of Marathon Oil Norge AS (Marathon) and the company's production licence assets on the Norwegian Continental Shelf. Marathon's operatorship of the Alvheim, .... [+ read more] Vilje, Volund and Bøyla fields will now be transferred to Det norske. The date of transfer of operatorship is set at 15th October 2014. The consent applies to production drilling and completion of 25/4-L-4H at the Alvheim field and 24/9-M-1 H, 24/9-M-1 AH, 24/9-M-2 H, 24/9-M-2 AH, 24/9-M-3 H and 24/9-M-3 AH at Bøyla. Marathon has previously received consent to use ‘Transocean Winner’ for drilling and completion of these wells/well bores, but a change of operator requires the new operator to apply for new consent. This is because consent is an expression of the PSA's confidence that the operating company is able to undertake operations prudently and in compliance with the regulations. The consent is based primarily on our assessment of relevant aspects of the company's management system.

14 Oct 2014

Lundin makes discovery with Alta well

Lundin Norway AS, operator of production licence 609, is in the process of concluding the drilling of wildcat well 7220/11-1, which proved both oil and gas. The well was drilled about 20 kilometres northeast of oil and gas discovery 7120/1-3 and about 190 kilometres northwest of Hammerfest. The well’s primary exploration target was to prove petroleum in sandstone rocks from .... [+ read more] the Middle Triassic period (Kobbe formation in the Sassendalen group) and in chalk rocks from the Permian period (Ørn formation in the Gipsdalen group). The secondary exploration target was to prove petroleum in reservoir rocks from the Carboniferous period (Falk formation in the Gipsdalen group). The well encountered a 45-metre total oil column with an overlying 10-metre gas column in carbonate rocks in the Gipsdalen group, with good reservoir properties. Preliminary estimates of the size of the discovery are between 14 and 50 million standard cubic metres (Sm3) of recoverable oil, and between 5 and 17 billion standard cubic metres of recoverable gas. Further delineation of the discovery is planned for 2015. Extensive data collection and sampling have been performed. Two successful formation tests have been carried out in the oil zone, both of which indicated good flow properties. The maximum production rate was 518 Sm3 of oil and 48 700 Sm3 of associated gas per flow day through a 36/64-inch nozzle. The gas/oil ratio is 94 Sm3/Sm3. This well is the first exploration well in production licence 609, which was awarded in the 21st licencing round in 2011. The well was drilled to a vertical depth of 2221 metres below the sea surface, and was terminated in the Ugle formation from the Late Carboniferous period. The water depth is 388 metres. The well will now be permanently plugged and abandoned. Well 7220/11-1 was drilled by the 'Island Innovator' drilling facility, which will now move to production licence 625 in the North Sea to drill wildcat well 25/10-12 S, where Lundin Norway AS is the operator.

14 Oct 2014

Statoil strikes for the seventh time in Tanzania

Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is located along .... [+ read more] the western side of block 2 at a 2,500-metre water depth. The new gas discovery was made in Upper Cretaceous sandstones. “This discovery has proven the gas play extends into the western part of block 2, which opens additional prospects. Our success rate in Tanzania has been high and opening up a new area will be key to continuing our successful multi-well programme,” said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. The rig ‘Discoverer Americas’ will now drill the Kungamanga prospect located in the central part of block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. It is preceded by the five high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1, Mronge-1 and Piri-1, and a discovery in Lavani-2. Statoil operates the licence on block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for block 2.

14 Oct 2014

Electric mooring systems to be installed upon 'MTR-3' and 'MTR-4'

MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs for Thailand-based Mermaid Maritime Public Company Limited. The Self-Erected Drilling Tender (Hull No. CMHI (JS)-151-1 and Hull No. CMHI (JS)-151-2) are under construction at China Merchants Heavy Industry (Jiangsu) Co Ltd with delivery planned for 2016. .... [+ read more] The order was booked into third quarter 2014 order intake. MacGregor will provide each rig with an electrically-driven eight-point mooring system with a 95-tonne line pull, a 460-tonne brake holding capacity and a 1,400m x 64mm diameter wire drum capacity. MacGregor equipment deliveries are scheduled for June 2015. "The electric winches have variable frequency drives, which consume around 20 to 30 per cent less energy when compared to hydraulically-driven winches," notes Francis Wong, Vice President, Segment Sales, MacGregor Offshore. "This advantage will significantly reduce the carbon footprint and bring down the initial installation and operation cost." "MacGregor can offer comprehensive equipment packages for all types of specialist offshore units," he adds. "Our portfolio for mobile drilling units has been strengthened with the addition of the Pusnes products."

13 Oct 2014

Lundin spuds Gobi-1 well in Indonesia

Lundin Petroleum spuds exploration well on the Gobi prospect in the Natuna SeaLundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has commenced exploration drilling in the Gurita PSC, Natuna Sea, Indonesia. Gobi-1 is a wildcat oil exploration well designed to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure .... [+ read more] in the Jemaja Basin. Lundin Petroleum estimates the Gobi prospect to have the potential to contain unrisked, gross, prospective resources of 25 million barrels of oil equivalent (MMboe). The planned total depth is 2,400 metres below mean sea level (MSL) and the drilling and evaluation is expected to take approximately 30 days using the ‘Hakuryu-11’ rig. Lundin Petroleum, through its wholly owned subsidiary Lundin Gurita BV, is the operator and has a 90 percent working interest in the Gurita PSC. Partner is Nido Petroleum Limited with 10 percent working interest.

13 Oct 2014

Horizon Oil makes second discovery in Beibu Gulf

Horizon Oil advises that drilling of the second of a two exploration well program in the Beibu Gulf Block 22/12 has been completed. The WZ 12-10-2 well is located is located in 36 m of water 1.6 km east northeast of the existing WZ 12-8W platform and about 3.2 km west southwest of the recently drilled WZ 12-10-1 oil discovery (see .... [+ read more] map below). The well spudded at 2300 hrs China Standard Time on 3rd October 2014 with the COSL Rig ‘HYSY 935’. The current exploration well, WZ 12-10-2, discovered high porosity net oil pay of ~11 m true vertical depth in the Jiaowei T42 formation. The well was drilled to a total measured depth of 1,590 m (1,382 m TVDSS), where granite basement was intersected, as prognosed. Wireline evaluation logging programs, including pressure measurements, fluid sampling, formation imaging and sidewall coring, have been run and confirmed the oil pay in the Jiaowei T42 reservoir has favourable reservoir porosities of about 31% and oil gravity of approximately 29 deg API. The well has been plugged and abandoned and the rig will be released shortly. The 2014 Beibu exploration drilling program has been successfully completed with no safety or environmental incidents. Further work will now be undertaken to evaluate both the extent of the structure and reserves, and assess the most effective route for integrating these additional oil resources into the existing Beibu project.

13 Oct 2014

Delivery of 'Stena Clyde' to IPB is further delayed

IPB Petroleum advises that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) has received updated advice from its drilling contractor that the estimated commencement date for the Pryderi-1 rig contract is around 24th October, 2014. Subject to completion of current operations at the Puffin field (located approximately 120 km north of WA-424-P), and based on the estimated mobilisation date, .... [+ read more] IPB Petroleum estimates that the Stena Clyde semi-submersible rig will arrive at the Pryderi-1 well location on or around the 25th or 26th October, 2014. Pryderi-1 is a relatively shallow well and based on the current schedule IPB estimates that the target reservoir will be intersected during the first week of November. The well is to then be logged before being plugged and abandoned.

10 Oct 2014

Sputnik-1 well deemed non-commercial by Perenco

Perenco today issued the following operational update for the Arouwe block offshore Gabon. The company announced that the Sputnik-1 well, targeting a pre-salt structure in Gabon’s offshore Arouwe block, has encountered non-commercial hydrocarbon pay in up to 300 metres of net sandstone reservoir. The Vantage’ Tungsten Explorer’ drillship, drilled Sputnik-1 to a final depth of 4,868 metres in water depths of .... [+ read more] 1,023 metres. The rig will now leave the Arouwe block and the results of this well will be incorporated into wider understanding of the region.”

10 Oct 2014

Statoil discovers gas at Isfjell

Statoil Petroleum AS, operator of production licence 714, is currently completing the drilling of wildcat well 7220/2-1. The well was drilled about 40 kilometres northeast of the oil and gas discovery 7220/8-1 Johan Castberg in the Barents Sea, and about 260 kilometres northwest of Hammerfest. The primary exploration target for the well was to prove the presence of petroleum in .... [+ read more] Middle to Early Jurassic reservoir rocks (the Stø, Nordmela and Tubåen formations). The secondary target was to prove the presence of petroleum in Late/Middle Triassic reservoir rocks (the Snadd formation). The well encountered a gas column of about 85 meters in the Stø and Nordmela formations with a reservoir quality ranging from very good to excellent. The Snadd formation was found to have more varied reservoir properties, but is an aquifer. Preliminary estimations of the size of the discovery are between 1 and 2 billion standard cubic meters (Sm3) of recoverable gas. The well was not formation-tested, but extensive data collection and sampling have been carried out. This is the first exploration well in production licence 714. The licence was awarded in the 22nd licensing round in 2013. The well was drilled to a vertical depth of 1554 meters below the sea surface, and was terminated in the Snadd formation. The water depth is 429 meters. The well will now be permanently plugged and abandoned. Well 7220/2-1 was drilled by the 'Transocean Spitsbergen' drilling facility, which will now proceed to drill wildcate well 7227/10-1 in production licence 230, where Statoil Petroleum AS is the operator.

9 Oct 2014

'Prospector 1' begins two year contract with Total

Prospector Offshore Drilling S.A. (PROS) is pleased to announce that ‘PROSPECTOR 1’ is elevated on Total E&P UK Limited and ELF Exploration UK Limited's (Total) Franklin location in the central North Sea and has commenced its two year drilling services contract. In addition, the Company is pleased to announce that Total is installing their equipment on ‘PROSPECTOR 5’ and acceptance .... [+ read more] testing is ongoing. At this time the rig is being compensated at a reduced day rate before mobilizing to Total's first drilling location to begin its three year drilling services contract.

9 Oct 2014

Lundin spuds Storm prospect in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced. The well will investigate the hydrocarbon potential of the Storm Prospect in PL555, which is located 200 km west northwest of Florø on the Norwegian west coast and approximately 65 km northwest .... [+ read more] of the Snorre Field. The main objective of well 33/2-1 is to test the reservoir properties and hydrocarbon potential of the Upper Jurassic Sandstones equivalent to the reservoir in the Magnus field on the UKCS approximately 35km to the south. Lundin Petroleum estimates the Storm prospect to have the potential to contain unrisked, gross prospective resources of 89 million barrels of oil equivalent (MMboe). The planned total depth of 4,500 metres below mean sea level and the well will be drilled using the semisubmersible drilling unit ‘Transocean Arctic’. Drilling is expected to take approximately 80 days.

8 Oct 2014

'COSLProspector' begins sea trials in China

The ‘COSLProspector’, the fourth semisub drilling rig to be provided to China Offshore Services Limited (COSL) has begun sea trails with cooperation from Yantai Harbor Pilotage and Beihai Resure Bureau. This sea trial is organized by CIMC Raffles, COSL, DVN, CCS, Rolls-Royce, Siemens and Kongsberg, aiming to commission and test for 609 sub-systems and 70 systems, including thrusters, PMS, DP, Close .... [+ read more] Ring, FMEA, communication, endurance capability, automatic cabin, lifesaving and mooring. During this sea trial, it is the first time to make engine management system close ring test applied to deep-water semisubmersible drilling rig in the whole world. Compared with usual power distribution design, it will reduce dynamos and 5% fuel. This environmentally-friendly system will be the mainstream power distribution design in high-performance semisubmersible drilling rig. The unit is expected to be delivered in November 2014 and does not yet have a firm contract in place.

8 Oct 2014

'Hakuryu 11' mobilises to drill Gobi-1 well

Nido Petroleum Limited (Nido) has been advised by Lundin Gurita B.V., Operator of the Gurita Production Sharing Contract (‘PSC’) offshore Republic of Indonesia, that the ‘Hakuryu 11’ jack-up rig has commenced mobilisation to the Gobi-1 well location. Nido will update the market once the ‘Hakuryu-11’ commences drilling operations at the Gobi-1 well. Nido currently has a 10% working interest in the .... [+ read more] Gurita PSC.

7 Oct 2014

CNOOC spuds second Beibu Gulf exploration well

Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited (ROC), advised today that drilling has commenced on the second of two exploration wells in Beibu Gulf Block 22/12. The second well, WZ12-10-2, is targeting the T42 and Weizhou formations, adjacent to the WZ12-8 West field in the WZ12-8 Development Area. Drilling from jackup rig ‘HYSY 935’ commenced .... [+ read more] at 23:00 China Standard Time on 3rd October 2014. Total depth planned for this vertical well is 1,600 metres MD/1416 metres TVD. The well is located 1.6 kilometres East Northeast from ROC’s existing Beibu 12-8W facilities and is in water depth of approximately 36 metres.

7 Oct 2014

Cairn hits oil at FAN-1 well in Senegal

Cairn together with its joint venture partners has announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stacked deepwater fans. As stated prior to the commencement of .... [+ read more] operations there are no plans for immediate well testing. Further evaluation will now be required to calibrate the well with the existing 3D seismic in order to determine future plans and optimal follow up locations to determine the extent of the discovered resource. Once operations are completed on the FAN-1 well, the rig will move to complete the second well, SNE-1 where the top hole has been drilled pending re-entry. This Shelf Edge Prospect targeting a dual objective in 1,100m water depth is in the Sangomar Deep block. The FAN-1 well was drilled using the semi-submersible drilling unit ‘Cajun Express’. It is the third well in Cairn's North West Africa programme and first in Senegal. Cairn has a 40% Working Interest (WI) in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rusifique) ConocoPhillips has 35% WI, FAR Ltd 15% WI and Petrosen, the national oil company of Senegal 10% WI. The three blocks cover 7,490 km2.

6 Oct 2014

PSA completes audit of 'Transocean Leader'

The PSA has carried out an audit of the Transocean rig company, in respect of logistics on the ‘Transocean Leader’ drilling facility. The ‘Transocean Leader’ mobile drilling facility was issued with an Acknowledgement of Compliance (AOC) by the PSA in December 2004. As a step in the follow-up of the rig owner's compliance with regulatory requirements and the preconditions for the .... [+ read more] AOC, the PSA has conducted an audit in the logistics domain. It covers materials handling, lifting equipment and the safe use thereof. The audit was carried out between 21st and 28th August 2014, in the form of a meeting with the rig owner, Transocean Offshore Ltd NUF (Transocean), followed by verification on board ‘Transocean Leader’ while it was operating for Statoil on the Njord field.

6 Oct 2014

Centrica spuds Ivory well in Norway

Atlantic Petroleum has announced that the Ivory well (6707/10-3 S) in PL 528B has been successfully spudded. Atlantic Petroleum Norge has a 9% working interest in PL 528B located in the Norwegian Sea. The licence is located adjacent to the Statoil-operated Aasta Hansteen field development which is due to come on stream in 2017. The Ivory well is being drilled by .... [+ read more] the ‘West Navigator’ drillship. The well is planned to drill to a total depth of around 4,200 m TVD and operations are anticipated to take 60-90 days. This will be extended in the case of discovery. The PL528 licence contains the Ivory prospect which is gas prone with Direct Hydrocarbon Indicator (DHI) support. Gross recoverable resources have been estimated to be 50- 230 mmboe for the main target. The licence also holds several other large prospects, some with DHI support. Centrica Resources (Norge) is operator of the licence with an equity interest of 40%. Other licence partners are Statoil Petroleum 35%, Rocksource Exploration Norway 10%, Atlantic Petroleum Norge 9% and Repsol Exploration Norge 6%.

6 Oct 2014

Sevan extends standstill agreement for 'Sevan Developer'

Sevan Drilling (Sevan) have provided an update to the situation surrounding the delivery of the ‘Sevan Developer’ drilling unit. Sevan and COSCO have agreed to extend the standstill agreement into Q4 2014 in order to allow the companies more time to negotiate a later delivery date as an alternative to contract cancellation. Construction of the asset is continuing at the shipyard. .... [+ read more]

1 Oct 2014

'Borgland Dolphin' to drill 34/7-36 S

Det norske oljeselskap ASA, operator of production licence 553, has concluded the drilling of wildcat well 34/7-36 S. The well was drilled about 10 kilometres west of the Visund field in the North Sea. The primary and secondary exploration targets for the well were to prove petroleum in Upper Jurassic reservoir rocks (Intra Draupne and Intra Heather formation sandstones, respectively). .... [+ read more] Well 34/7-36 S did not encounter any reservoir in the Draupne formation, while thin reservoir sands of poor quality were encountered in the Heather formation. There are also traces of petroleum in sandstones in the Lista formation from the Palaeocene Age. The well is dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 553, which was awarded in APA 2009. The well was bored to a vertical depth of 3639 metres below the sea surface and was terminated in the Etive formation from the Middle Jurassic Age. Water depth is 304 metres. The well has been permanently plugged and abandoned. Well 34/7-36 S was drilled by the Borgland Dolphin, which has now returned to land for its five-year classification.

30 Sep 2014

Statoil to use 'Transocean Spitsbergen' to drill Saturn

The PSA has given Statoil Petroleum AS (Statoil) consent for exploration drilling using the ‘Transocean Spitsbergen’ mobile drilling facility in the Barents Sea. The consent applies to drilling of exploration well 7227/10-1 in production licence 230 in the Barents Sea. The well has been given the prospect name of "Saturn". Water depth at the site is around 232 metres. The location .... [+ read more] is approximately 116 kilometres from the nearest land, at Kinnarodden in Lebesby/Gamvik municipality in the county of Finnmark. The earliest start-up for drilling is the second half of October 2014. The operations are estimated to last 45 days. ‘Transocean Spitsbergen’ is a semi-submersible mobile drilling facility of the Aker H-6e type.

30 Sep 2014

UMW takes delivery of newbuild 'UMW Naga 6' jackup

UMW OIL & GAS CORPORATION BERHAD (UMW-OG) today took delivery of ‘UMW NAGA 6’, the first of its two jack-up drilling rig constructed by China Merchants Heavy Industries (CMHI). The official delivery ceremony was conducted at the shipyard in Shenzen and was attended by senior representatives from both companies. The other rig, also being built at the same yard, ‘UMW NAGA .... [+ read more] 7’ is scheduled to be delivered in December 2014. President of UMW-OG, Rohaizad Darus said, “While there were some concerns within the industry on late delivery from Chinese shipyards, UMW Naga 6 was delivered on schedule and within cost. The shipyard and our experienced project team worked closely together to ensure not only the rig is completed on schedule but also to incorporate operational requirements of our clients into this new rig to enable it to operate more efficiently." ‘UMW NAGA 6’ is a CJ-46 class cantilevered jack-up drilling rig with the capacity to operate in 375 feet of water depth and to a drilling depth of 30,000 feet. In addition, it is also equipped with additional equipment such as an automatic offline pipe racking system to further improve the efficiency of its drilling operations. The rig will be going to Vietnam immediately after delivery to serve the recently awarded contract from PetroVietnam Drilling & Well Services Corporation (PV Drilling) for end clients PC Vietnam Limited and Petronas Carigali Oversas Sdn Bhd. The contract is valued at USD46.5 million, and is tasked for operations in the Diamond field in offshore Vietnam, for a period of 250 days, with options for up to additional 327 days. It has been a year of consecutive successes for UMW-OG as the company have recorded significant increase in profitability while pursuing the expansion of their fleet size. The Company has also been making steady inroads into regional markets around South-east Asia and ‘UMW NAGA 7’, which is currently under construction, was recently awarded a contract by Frontier Oil Corporation for the provision of drilling services in offshore Palawan, Philippines. The award of these new contracts is a testament to the Company’s ability to secure contracts, while diversifying its client base and geographical coverage. All seven of their current drilling rigs have secured contracts, with six rigs currently contracted overseas and only one rig in Malaysia. Besides servicing other established international clients in Phillipines, Thailand and Indonesia, UMWOG continues to provide drilling services to its main client Petronas in three different countries; Malaysia, Vietnam and Myanmar.

29 Sep 2014

CNOOC strikes oil at Beibu

Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX: ROC), advised drilling was completed on the first of two exploration wells in the Beibu Gulf Block 22/12. The WZ12-10-1 well has discovered oil pay in the Jiaowei (T42) formation, while no oil pay was interpreted in the Weizhou formation. The WZ12-10-1 well was drilled to a .... [+ read more] total depth of 1406m MD/1373m TVDSS, where the Basement granite has been intersected. The well discovered oil in the very top of the Jiaowei (T42) formation over an interval of 5.5m, with a high porosity net oil pay of 4.2m. A sidetrack (WZ12-10-1Sa) was then drilled with 340m eastern step out to a total depth of 1265m MD/1105m TVDSS to prove up the up dip T42 reservoir and confirmed oil in the very top of the Jiaowei (T42) formation with a thicker net oil pay of 5.5m. The well is located 4.7km northeast of the existing WZ12-8W Platform and approximately 2.7km west of the WZ12-8E discovery wells. Wireline evaluation logging program (NMR, MDT Pressuring and Sampling) has been run, which confirmed the oil pay in T42 reservoir. The well was plugged and abandoned on 27th September 2014. This discovery will be evaluated on how best to integrate it into the Beibu Project. Rig ‘HYSY 935’ will be moved to the WZ12-10-2 exploration location to drill the second and final well in this program. Mr Alan Linn, Chief Executive Officer stated "This oil discovery adds potentially valuable incremental oil to the Beibu project. The location of the oil discovery allows ROC and the joint venture to evaluate alternative development scenarios, particularly integration with the Beibu WZ12-8E oil discovery".

29 Sep 2014

Rosneft announces discovery with Universitetskaya-1 well

Rosneft successfully completed the drilling of the northernmost well in the world – the Universitetskaya-1 well in the Arctic. According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time - in one and a half month - in compliance with all the technological and ecological standards .... [+ read more] and requirements. The sea depth at the drilling site is 81 m, the depth of the straight well – 2,113 m. the well was drilled in open-water conditions – at the 74th circle of longitude, 250 km clear off the inland of the Russian Federation. As a result of the drilling formation samples were obtained, a pilot borehole was drilled (diameter 8.5 inches to a depth of 600 m) and horizontal drill samples were collected. Specialists obtained substantial amount of new geological data which will be elaborated. Upon the completion of the analysis a conclusion on the resource base of the discovered field can be made. At the moment the geological data interpretation is being conducted, the field’s development model is being elaborated. The security and fail-safety of the operations of future drilling is guaranteed by the landing of 5 columns. The Universitetskaya structure covers an area of 1,200 thousand kilometers with a 550 m high hydrocarbon trap. Its resources account to more than 1.3 billion tons of oil equivalent. A total of some 30 structures were found in three East Prinovozemelskiy areas of the Kara Sea, and the entire resource base of the three areas is estimated at 87 billion barrels or 13 billion tonnes of oil equivalent. According to experts the volume of the Kara Sea oil province resources exceeds the oil and gas resources the Gulf of Mexico, the Brazilian shelf, the shelf of Alaska and Canada, and it will be comparable to the resource base of Saudi Arabia. Prior to the start of operations in the Kara Sea the ‘West Alpha’ drilling rig was heavily upgraded, which among other things was needed to guarantee ecological safety. The rig is equipped with two groups of blowout preventers and an independent submarine locking device, which in case of minor risks will seal the well. The rig is held at the drilling site by an anchoring positioning system, consisting of 8 anchors. This guarantee an elevate rig stability. Most of the platform is out of the reach of the waves, which can disturb its operations. The rig is capable of drilling to a depth of up to 7 km.

29 Sep 2014

Shell set to drill new appraisal well at Ormen Lange

The Norwegian Petroleum Directorate (NPD) has granted A/S Norske Shell a drilling permit for wellbore 6305/8-2, cf. Section 8 of the Resource Management Regulations. Wellbore 6305/8-2 will be drilled from the 'Transocean Barents' drilling facility in position 63°19'42.05" north and 5°21'36.69" east. The drilling programme for wellbore 6305/8-2 relates to the drilling of an appraisal well in production licence 250. .... [+ read more] A/S Norske Shell is the operator with an ownership interest of 16 per cent. The other licensees are Petoro AS (45 per cent), Statoil Petroleum AS (23.6 per cent), Dong E&P Norge AS (9.44 per cent) and ExxonMobil Exploration & Production Norway AS (5.91 per cent). The area in this licence consists of parts of block 6305/8. The well will be drilled about 120 kilometres west of Kristiansund. Production licence 250 was awarded on 22 October 1999 (supplement to the 15th licensing round on the Norwegian shelf). This is the second well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by the authorities before the drilling activity commences.

29 Sep 2014

Centrica given approval to drill Ivory prospect

The Norwegian Petroleum Directorate (NPD) has granted Centrica Resources (Norge) AS a drilling permit for wellbore 6707/10-3, cf. Section 8 of the Resource Management Regulations. Wellbore 6707/10-3 will be drilled from the 'West Navigator' drilling facility at position 67°11'31.58 N and 7°19'34.06" east. The drilling programme for wellbore 6707/10-3 relates to drilling of a wildcat well in production licence 528 .... [+ read more] B. Centrica Resources (Norge) AS is the operator with an ownership interest of 40 per cent. The other licensees are Statoil Petroleum AS (35 per cent), Atlantic Petroleum Norge AS (15 per cent) and Rocksource Exploration Norway AS (10 per cent). The area in this licence consists of part of block 6707/10. The well will be drilled about 20 kilometres north-east of the Aasta Hansteen field. Production licence 528 B was awarded on 13 May 2011) (21st licensing round on the Norwegian shelf.). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by the authorities before the drilling activity commences.

29 Sep 2014

Rowan awarded multiple contract extensions by Saudi Aramco

Rowan Companies were today boosted by the announcement that four of its jackup rigs were awarded three year contract extensions. The’ Bob Palmer’, ‘Scooter Yeargain’, ‘Hank Boswell’ and ‘Rowan Mississippi’ units were all awarded the extensions by Saudi Aramco and will continue to work in Saudi Arabia. The ‘Bob Palmer’ is now contracted until 2017, while the rest of the units .... [+ read more] are all contracted until 2018, with dayrates ranging from USD180k to USD235k. The award of the extensions is good news for Rowan, especially considering the low levels of contracting opportunities that currently exist within the global rig market.

29 Sep 2014

'Energy Searcher' resumes normal operations

Northern Offshore, Ltd. (Northern Offshore) today announced that the drillship ‘Energy Searcher’ under contract in Nigeria, resumed normal operations on the 23rd. of September following repairs to the control hoses to the unit’s blowout preventer. The repairs were completed somewhat earlier than previously anticipated and therefore, Northern Offshore now expects its consolidated financial results for the third quarter 2014 to be .... [+ read more] negatively impacted by a reduction of approximately thirty nine days of zero revenue rather than the forty five days previously estimated.

29 Sep 2014

'Caspian Driller' arrives at field location in Turkmenistan

The ‘Caspian Driller’ jackup, designed by CIMC Raffles, has successfully arrived in the Caspian Sea in Turkmenistan and successfully finished leg-standing at requested spot. The general design and construction was finished by CIMC Raffles, with the key equipment and modules integrated in Yantai Shipyard and commissioning in Russia KB shipyard. It will be operated on a 5-year lease from Dragon Oil. .... [+ read more]

26 Sep 2014

Statoil confirms gas discovery at Pingvin prospect

Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg. The discovery well 7319/12-1, drilled by the drilling rig ‘Transocean Spitsbergen’, proved a 15-metre gas column in the well path. Statoil estimates the volumes .... [+ read more] in Pingvin to be in the range of 30-120 million barrels of recoverable oil equivalent. The discovery is currently assessed as non-commercial. “Pingvin is the first well drilled in PL713 – a large frontier area northwest of Johan Castberg awarded in the 22nd concession round. For a discovery in this area to be commercially viable it needs to be an oil accumulation of a significant size. A gas discovery does not have commercial value at present. "On the positive side, it is encouraging that the first well drilled in this unexplored area has proven hydrocarbons in sandstones. This indicates that we have both a reservoir and a working hydrocarbon system in the area, and creates a good basis for further subsurface work in the licence,” says Dan Tuppen, vice president exploration Barents Sea and Norwegian Sea. Pingvin is a good example of efficient exploration performance. “The partnership drilled Pingvin just 15 months after the acreage award. The chosen well location allowed us to clarify the hydrocarbon volume in the structure with one very efficiently executed exploration well,” says Tuppen. Exploration well 7319/12-1 is located in PL713 about 65 kilometres northwest of the Johan Castberg discovery. Statoil is operator with an interest of 40%. The partners are RN Nordic Oil AS (20%), North Energy ASA (20%) and Edison International Norway Branch (20%).

25 Sep 2014

Maersk Drilling names fourth UDW drillship

Maersk Drilling’s fourth ultra-deepwater drillship was named Thursday morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lene Berg, wife of Gregers Kudsk, Vice President in Maersk Drilling, had the honour of naming the drillship ‘Maersk Voyager’. ‘Maersk Voyager’ is the fourth in a series of four ultra-deepwater drillships. The four drillships were ordered .... [+ read more] in 2011 and represent a total investment of USD2.6 billion. ‘Maersk Voyager’ is scheduled to be delivered from SHI in Q4 2014. ‘Maersk Voyager’ remains without a first contract. “The short term floater market is challenged, but we remain in discussions with several oil companies regarding short term as well as long term drilling campaigns for the ‘Maersk Voyager’ ,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group.

25 Sep 2014

PSA awards consent for 'Transocean Leader' to drill Krafla wells

The PSA has given Statoil Petroleum AS (Statoil) consent for exploration drilling using the ‘Transocean Leader’ mobile drilling facility in the North Sea. The consent covers the drilling of wildcat well 30/11-10 "Krafla North" and appraisal well 30/11-10 A "Krafla Main". It is planned to drill from the same surface location, with appraisal well 30/11-10 A being drilled as a sidetrack. .... [+ read more] The location is in the North Sea, 22 km from the Oseberg Sør facility and 2.2 km from the oil and gas discovery 30/11-8 S (Krafla), which was drilled in 2011. The earliest start to drilling is set at mid-October 2014. The activity is estimated to last 78 days. ‘Transocean Leader’ is a semi-submersible mobile drilling facility delivered in 1987 by Hyundai Heavy Industries of Korea. The facility is operated by Transocean and received Acknowledgement of Compliance (AoC) from the PSA in December 2004.

23 Sep 2014

Lundin advises that Gobi-1 well spud date has been pushed back

Nido Petroleum Limited (Nido) has advised that the operator of the Gurita PSC, offshore Indonesia, Lundin Gurita BV (Lundin) has informed the joint venture that the rig for the Gobi-1 well will now become available to the Joint Venture in early October 2014. On the basis of Lundin’s updated advice, the Gobi-1 well is now expected to spud in mid-October 2014. .... [+ read more] The ‘Hakuryu-11’ jackup rig is the unit set to drill the Gobi-1 well after it has completed the Ratu Gajah well for Premier Oil in Indonesia. Following the completion of the Gobi-1 well, ‘Hakuryu-11’ will return to work for Premier Oil by drilling the Anoa Deep appraisal well in Indonesia.

22 Sep 2014

Sevan Drilling considering options for delivery or cancellation of 'Sevan Developer'

Sevan Drilling have announced expanded upon the reference to the late delivery of the ‘Sevan Developer’ which the company made within its Q2 2014 earnings release. In the release Sevan Drilling announced that the semisub was originally expected to be delivered on the 30th April 2014 however, delivery was pushed back to October 2014 due to equipment delivery delays from sub-contractors. .... [+ read more] Sevan Drilling is now considering several options of which cancellation of the contract or negotiating a later delivery date were mentioned specifically. As part of these negotiations, Sevan Drilling has entered into a standstill agreement with Cosco (Qidong) Offshore Co. Limited related to ‘Sevan Developer's’ construction contract. Negotiations with Cosco continue and the Company expects to conclude in the coming weeks.

19 Sep 2014

IPB gives firm date for 'Stena Clyde' handover

IPB Petroleum is pleased to advise that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25% and Operator) have received notice from the rig contractor that the estimated commencement date for the Pryderi-1 rig contract is 17th October, 2014. Subject to current operations at the Puffin field (located approximately 120 km north of WA-424-P), and based on the estimated mobilisation date, IPB .... [+ read more] Petroleum estimates that the ‘Stena Clyde’ semi-submersible rig will arrive at the Pryderi-1 well location on or around the 19th October, 2014. Pryderi-1 is a relatively shallow well and IPB estimates that the well could intersect the target reservoir before the end of October. There will be up to an estimated additional 3 or 4 days of logging before the well is then to be plugged and abandoned. The Pryderi prospect is estimated by IPB to have High, Best and Low Prospective Resources (100%) of 78 MMbbls, 32 MMbbls, and 12 MMbbls respectively and lies in 75m of water and is located approximately 10 km away from the permit’s existing Gwydion oil discovery.

19 Sep 2014

Statoil completes pingvin well with gas shows

North Energy has announced that drilling is being completed at Pingvin prospect (exploration well 7319/12-1). The well has identified gas in a sandstone reservoir. Extensive data have been acquired from the well through coring, wireline logging and liquid sampling. Updated information from the well will be provided as soon as the analyses have been completed. The partners in the licence are .... [+ read more] Statoil as operator with 40 per cent, RN Nordic Oil with 20 per cent, Edison with 20 per cent and North Energy with 20 per cent.

18 Sep 2014

Keel Laying Ceremony for 'Alliance Driller 1'

On September 18th, 2014, CSSC Huangpu Wenchong Shipbuilding Company Limited (Huangpu Shipyard) successfully completed on time the keel laying milestone for the H6001 R-550D Zentech Jack Up rig (‘Alliance Driller 1’) for Alliance Offshore Drilling (AOD). The R550-D is a Zentech designed high performance jack-up drilling rig, capable of operating in a water depth of up to 400 feet (121.9 meters). .... [+ read more] Design features include a large extended reach cantilever, a zero discharge system, a high speed preloading system, a high pressure drilling system, a high volume storage system and many other features which increase safety and operating efficiency. The design has been approved by the American Bureau of Shipping (ABS). The R550-D rig successfully combines Huangpu Shipyards’ shipbuilding strengths with TSC’s integrated drilling package, project management, commissioning and service expertise. This cooperation will help raise a new generation and brand of high performance jack-up platforms in the offshore industry.

17 Sep 2014

'COSLPioneer' contract to be temporarily suspended

Due to overcapacity in our rig portfolio, Statoil will lay up the ‘COSLPioneer’ rig in the fourth quarter of 2014. The rig is currently carrying out an assignment on the Visund field and is scheduled to complete this work at the end of September. “After a careful review of our drilling plan, we find it necessary to suspend ‘COSLPioneer’ for the .... [+ read more] time being,” says rig procurement responsible Tore Aarreberg. In the beginning of July Statoil also announced that the drilling rig ‘Scarabeo 5’ will be temporarily suspended. ‘Scarabeo 5’ will be taken out of operations at the end of September for the rest of the year. “At the moment we have three rigs contracted from COSL Drilling Europe. Our offshore organisation enjoys excellent cooperation with the contractor’s drilling teams, and COSL Pioneer has demonstrated consistent, high efficiency in drilling operations. We are in close dialogue with the contractor concerning how the suspension of the rig will be implemented in practice, and we continue to look forward to many years of cooperation with COSL on the Norwegian shelf,” Aarreberg says. The rig is contracted until 2016 and will be used for drilling and completion of production wells on the Norwegian continental shelf. ‘COSLPioneer’ being taken out of operation for a shorter period will have no impact on Statoil’s production targets or planned exploration activity on the Norwegian shelf. The company will still be drilling 20-25 exploration wells on the Norwegian shelf in 2014, where the company operates about two-thirds of all wells.

17 Sep 2014

Frontier confirms contract for 'UMW Naga 7'

Frontier Oil Corp. will drill two wells in the Calauit oil field off northwest Palawan in the first quarter of next year after signing a USD20 million deal to tap the services of Malaysia’s UMW Offshore Drilling Sdn. Bhd. Frontier president Kristoffer Fellowes said the company had the flexibility to use the ‘UMW NAGA 7’ jack-up rig in other areas within .... [+ read more] the Philippines, making it an extremely valuable contract to the company. The newly-built ‘UMW NAGA 7’ jack-up rig is capable of drilling to 375 feet of water depth and a total depth of 30,000 feet. Fellowes said the contract covered a period of 120 days, with an option to extend for another 180 days. The ‘UMW Naga 7’ contract, according to Fellowes, was a “game changer” for Frontier. “We are now on the cusp of becoming a producer, an outcome that will catapult us into a period of rapid growth. The company couldn’t be happier,” Fellowes said. UMW Offshore is a wholly-owned subsidiary within UMW Oil & Gas Corp. Berhad.

17 Sep 2014

Eni announces discovery at Ochigufu-1 well in Angola

Eni has announced a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in Block 15/06. The new discovery is estimated to contain 300 million barrels of oil in place. Ochigufu 1 NFW well, which has led to the discovery, will be brought into production in .... [+ read more] record time. The well is located at approximately 150 kilometers off the coast and 9.8 kilometers from the Ngoma FPSO (West Hub) and the closeness to Ngoma FPSO allows the increase of the resource base of the West Hub project, currently underway. The well was drilled by the ‘Ocean Rig Poseidon’ Drilling Unit in a water depth of 1,337 meters and reached a total depth of 4,470 meters. Ochigufu 1 NFW was directionally drilled in order to reach the targets in optimal position and proved a net oil pay of 47 meters, (34° API) contained in the Lower Miocene and Oligocene sandstones with very good petrophysical properties. The data acquired in Ochigufu 1 well indicate a production capacity equal to more than 5,000 barrels of oil per day. Claudio Descalzi, Eni’s CEO said: "This important discovery, which will be brought into production in record time, adds even more value to Block 15/06. Like the recent discoveries in Congo and Gabon, this new find exemplifies the results we can achieve by applying leading edge technologies to exploration, and substantiates the decision to refocus Eni on key oil and gas competences". Studies are underway in order to evaluate an early tie-in to the Ngoma FPSO, already in location in the West Hub and designed to handle 100,000 barrels of oil production per day. Eni is operator of the Block 15/06 with a 35% stake. The other partners of the Joint Venture committed to the block are Sonangol P&P (30% stake), SSI Fifteen Limited (25% stake), Falcon Oil Holding Angola SA (5% stake) and Statoil Angola Block 15/06 (5% stake).

16 Sep 2014

'Energy Searcher' experiences technical problems

Northern Offshore, Ltd. (Northern) today announced that the drillship ‘Energy Searcher’ under contract in Nigeria, has experienced technical problems with the control hoses to the unit’s blowout preventer. The repairs are underway and are expected to be completed soon allowing operations to resume within two (2) weeks. Northern expects its consolidated financial results for the third quarter 2014 to be negatively .... [+ read more] impacted by a reduction of approximately forty-five days of revenue for this unit.

16 Sep 2014

'Laguna Star' spuds Carcara appraisal well in Brazil

QGEP Participações S.A. (QGEP) has announced that the drilling of the first phase of an appraisal well at the Carcará Discovery, located in Block BM-S-8 in the Santos Basin has begun. The first phase, which will utilise the ‘Laguna Star’ rig (NS-44), will extend to the bottom of the salt layer. Drilling will be completed in a second phase, which will .... [+ read more] start in 2015, using a rig equipped with Measured Pressure Drilling (MPD). The well is located 5km from the pioneer well, in water depths of 2,023 meters. Queiroz Galvão Exploração e Produção S.A. holds a 10% participating interest in Block BM-S-8. Petrobras, which has a 66% stake, is the operator. Other consortium members include Petrogal Brasil, which has a 14% stake, and Barra Energia do Brasil Petróleo e Gás Ltda, which has a 10% stake.

16 Sep 2014

Ophir hits gas with Silenus East-1 well in Equatorial Guinea

Ophir Energy plc (Ophir) announces that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was drilled by the Vantage ‘Titanium Explorer’ drillship within the thrust belt area of Block R. A 67m gross gas column was encountered in the primary target with high quality reservoir in line with pre-drill .... [+ read more] expectations. The well was deepened to test a secondary high risk oil target and encountered high quality, but water-wet, reservoirs with weak oil shows. This play remains of interest to Ophir and will be further evaluated on the Block. The drillship has now moved to complete the Fortuna-2 appraisal well, where Ophir will conduct the first flow test in Block R. The Silenus East-1 well has discovered an estimated mean recoverable 405bcf of gas from the upper and deeper reservoirs and has significantly de-risked a family of similar surrounding prospects such that the total mean recoverable gas in the broader Silenus area including this discovery is now estimated at c.1.2TCF. Following the Silenus East-1 and Tonel North-1 well results, the total estimated mean recoverable resources for Block R, including the discoveries and adjacent derisked volumes, are now 3.4TCF, comprising 1.3TCF from the Fortuna Complex, 1.2TCF from the Silenus Complex, 0.5TCF from Tonel and 0.4TCF from the other smaller discoveries.

16 Sep 2014

GDI places order for 'Halul' jackup rig with Keppel FELS

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from Gulf Drilling International Ltd. (GDI) of Qatar to build a repeat high-specification KFELS B Class jackup rig worth USD227 million. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017. The .... [+ read more] new jackup is to be named ‘Halul’ and Keppel FELS has already begun preparations for its scheduled delivery in Q1 2016 during the course of discussions with GDI. Upon delivery, ‘Halul’ will be chartered to Qatar Petroleum for five years. ‘Halul’ is GDI's fifth KFELS B Class jackup rig ordered from Keppel. The fourth rig, ‘Dukhan’, was recently delivered last month. ‘Les Hat’, a similar jackup, was delivered last year and has been successfully operating for GDI in the Middle East, following in the footsteps of sister rigs, ‘AL Khor’ and ‘AL Zubarah’. Customised to GDI's requirements, the new jackup rig will be designed to operate in the higher ambient temperature of the Middle East. The KFELS B Class is equipped with larger spud cans for reduced bearing pressure and expands its operational coverage in more places, especially in sea beds where soft soil is predominant. The rig can drill wells through 30,000 feet with a cantilever that can skid out 70 feet from the edge of the hull to drill wells. It features offline stand building capabilities and 7,500 PSI mud pumps, with accommodation for 150 persons.

16 Sep 2014

Ithaca successfully drills fourth development well on Stella field

Ithaca Energy Inc. (Ithaca) announces the successful completion of flow test operations on the fourth development well on the Stella field, with the well achieving a flow rate of 12,005 barrels of oil equivalent per day. Well 30/6a-B2Z (B2) is the fourth development well drilled on the Stella field. The well was drilled to a total measured depth subsea of 14,461 .... [+ read more] feet, with a 2,396 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir. The well intersected high quality sands across a net reservoir interval of 1,658 feet, equating to 69% net pay. As with the previous three Stella development wells, a clean-up flow test was performed on the B2 well in order to effectively remove the drilling fluids used to complete the well. As part of the testing programme the well was flowed at various rates over approximately a 38-hour flowing period in order to obtain additional data and fluid samples from its location on the crest of the structure to assist with reservoir management planning for the field. A maximum flow test was completed during the period, with the well flowing at a rate of 12,005 boepd on a 48/64-inch choke. This rate comprised 5,901 barrels of oil per day and 36.6 million standard cubic feet per day of gas. Fluid samples show that the oil is approximately 47° API. The B2 well is currently in the process of being suspended, with operations scheduled to be completed by the end of the month. The suspension configuration is such that the well can be brought on to production without the requirement for any further well intervention activity once the “FPF-1” floating production facility is on location and hooked up. Upon completion of operations on the B2 well the ‘ENSCO 100’ will be moved approximately three kilometres to the Main Drill Centre to drill a fifth well on the field, in the Stella Ekofisk reservoir that underlies the main Stella Andrew reservoir. The Ekofisk well is targeting light oil production in a chalk formation. The characteristics of the formation mean that initial production rates are likely to be lower than those displayed by the wells in the Andrew sandstone reservoir. Completion of the fifth well, which is expected to be in early 2015, will mark the end of the planned Stella development drilling campaign. Following completion of the B2 well suspension operations, four Stella Andrew reservoir development wells will have been completed, with the combined maximum clean-up flow test results achieved by the wells being in excess of 45,000 boepd. This well production capacity significantly de-risks the initial annualised production forecast for the Greater Stella Area hub of approximately 30,000 boepd (100%), 16,000 boepd net to Ithaca.

16 Sep 2014

'Maersk Giant' to be used as accommodation unit on Yme field

The PSA has given Talisman Energy Norge AS (Talisman) consent to use the ‘Mærsk Giant’ mobile drilling facility as living quarters on the Yme field. The Yme field is in the south-eastern section of the North Sea in 77-93 metres of water. The field was first developed in 1995, in production licence 114, with Statoil as the operator. The production period .... [+ read more] lasted from 1996 to 2001. In 2006, new licensees in production licence 316/316B, with Talisman as the operator, decided to recover remaining resources with a new MOPU (Mobile Offshore Production Unit). The facility is located on an oil storage tank on the seabed. Having discovered serious structural defects, in the summer of 2012, Talisman took the decision to deman the Yme facility. The licensees have since decided to remove the facility from the field. Under Talisman's schedule, Yme will be removed in the summer of 2015. The consent that has now been granted covers the use of the ‘Mærsk Giant’ mobile drilling facility as living accommodation during preparations for removal. Activities are scheduled to begin in Q3 2014 and last for 4 to 5 months.

15 Sep 2014

Camac halts drilling at Oyo field

CAMAC Energy Inc. (CAMAC) has announced that the company has temporarily halted drilling on the ‘Energy Searcher’ drillship, which is drilling the horizontal portion of the Oyo-8 well in the Oyo field. This was due to leaks in some control system hoses of the well's blow out preventer. Replacement hoses have been ordered and are currently being transported to the drilling .... [+ read more] site. The Company expects to resume drilling operations within two weeks, while the current offshore installation work continues. As a result of the leaks in the hoses, CAMAC Energy expects the production from the Oyo-8 well in December of 2014, while the Oyo-7 well will now come on production in January 2015.

15 Sep 2014

Centrica strikes gas at Pegasus West in UK

Atlantic Petroleum has announced that drilling, Logging While Drilling (LWD) and wireline logging information at the Pegaus West (43/13b-7) well indicates the presence of gas. Following the analysis of cores and all other available data, the P1724 joint venture has decided to drill stem test the well. The well is being drilled with the ‘Paragon B391’ jackup rig in a water .... [+ read more] depth of about 95 feet and approximately 7 km WSW of the 43/13b-6Z Pegasus North discovery well. The Pegasus West well lies in the Southern North Sea, close to the producing Cavendish Field, and had a Carboniferous gas objective. The well is operated by Centrica Energy who hold a 55% interest in the licence. Atlantic Petroleum holds 10% equity and the remaining equity 35% is held by Third Energy Offshore.

15 Sep 2014

'Borgland Dolphin' class renewal to be carried out by Bergen Group

Bergen Group Hanøytangen AS (Bergen) has been awarded a Letter of Intent (LOI) from Dolphin Drilling AS for upgrades and 5-year Class Renewal Survey (CRS) on the semi-submersible production and exploration rig ‘Borgland Dolphin’. The scope of the LOI has an estimated revenue value of NOK350 million. The major work scope is planned to be carried out in Q4 2014, and .... [+ read more] the project will be accomplished by Bergen Group Hanøytangen in collaboration with Semco Maritime and Apply Rig & Modules. Bergen Group Hanøytangen AS is a fully owned subsidiary of Bergen Group ASA, a well-established supplier of products, services and solutions to the offshore and maritime industry. The core activities are focused on Rig Service, Maritime Service, Subsea & Offshore Service and Decommission.

15 Sep 2014

Hurricane releases lancaster appraisal well analysis

Hurricane Energy plc (Hurricane), the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has substantially completed post-well data analysis following the successful testing of the 1km horizontal appraisal well 205/21a-6 in Q2 2014 at the Company’s Lancaster oil discovery West of Shetland. The well was optimally located to benefit from a highly connected fault/fracture network .... [+ read more] and an underlying 300m oil column (Hurricane’s - 2C estimate of field ODT). The results from third party analysis combine to demonstrate a very good quality reservoir which could deliver single well rates of 20,000 STB/d - significantly ahead of initial expectations of well productivity.

12 Sep 2014

Alliance offshore orders newbuild Zentech jackup

TSC Group Holdings Limited (TSC) has announced that its wholly owned subsidiary Alliance Offshore Drilling Pte.Ltd (AOD) has entered into a construction contract for the delivery of a Zentech designed R-550D jackup drilling rig. AOD have placed the order for the newbuild jackup at China State Shipbuilding Corporation’s (CSSC) Huangpu Wenchong Shipbuilding Company yard in China. The unit is expected to .... [+ read more] be delivered within 26 months and will be capable of operating in water depths up to 400ft. AOD have one other jackup currently under construction at the same shipyard, ‘Alliance Driller 1’ is expected to be delivered in Q3 2015.

11 Sep 2014

Dry Barents sea well for Statoil at Ensis prospect

Statoil Petroleum AS, operator of production licence 393 B, has completed drilling of wildcat well 7125/4-3. The well is dry. The well was drilled about four kilometres south of the 7125/4-1 oil and gas discovery and about 105 kilometres northeast of Hammerfest. The exploration target for the well was to prove petroleum in Early Cretaceous reservoir rocks (intra-Knurr formation). .... [+ read more] Well 7125/4-3 encountered approx. 35-metre thick reservoir rocks with poor reservoir quality in the Knurr formation. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 393 B, which was carved out from production licence 393 in 2010. The well was drilled to a vertical depth of 993 metres below the sea surface and was terminated in the Hekkingen formation in the Late Jurassic. Water depth is 294 metres. The well has been permanently plugged and abandoned. Well 7125/4-3 was drilled by the Transocean Spitsbergen drilling facility, which will now drill wildcat well 7319/12-1 in production licence 713, where Statoil Petroleum AS is the operator.

11 Sep 2014

Horizon Oil spuds first of two wells in China

Horizon Oil has advised that drilling has commenced on the first of two exploration wells in Beibu Gulf Block 22/12, offshore China. The first well, WZ 12-10-1, is targeting the T42 and Weizhou West formations, adjacent to the WZ 12-8E field of the WZ 12-8 Development Area. The second planned well in the sequence is the WZ 12-10-2 well, located adjacent .... [+ read more] to the WZ 12-8W field. Concurrently, the Development Area has been expanded to fully include the prospect, increasing the WZ 12-8 Development Area by 8.8 sq km to 66.6 sq km. Drilling operations are being performed by the jackup rig ‘HAI YANG SHI YOU 935’ and commenced at 10.30 pm China Standard Time on 10th September 2014 and the current operation is cementing 20” conductor casing at a depth of 120 m. Total depth planned for this vertical well is 1,539 m. The well is located 4.7 km east northeast of the existing WZ 12-8W platform and is in water depth of approximately 35 m.

10 Sep 2014

Statoil to use 'COSLInnovator' for Troll production drilling

Statoil Petroleum AS (Statoil) has received consent from the PSA to use the ‘COSLInnovator’ mobile drilling facility for production drilling on the Troll field using the Controlled Mud Level method. The consent covers the use of ‘COSLInnovator’ for production drilling on 8½" sections in well 31/2-L-22 on the Troll field using the Controlled Mud Level method. Statoil received consent to use .... [+ read more] ‘COSLInnovator’ for production drilling at Troll in June 2012. The consent will now be extended to cover use of the Controlled Mud Level method. Controlled Mud Level (also called Dual Gradient Drilling – DGD) is a new technology, which Statoil has tested as a pilot project in another production well at Troll. The company now wishes to perform a new pilot study in order to implement improvements and experiences from the first pilot, before widespread deployment of the technology. According to Statoil's application for consent, in time the Controlled Mud Level method will allow wells to be drilled in depleted reservoirs when it is no longer possible to drill using conventional methods.

10 Sep 2014

'Transocean Barents' heads back to work after yard stay

The ‘Transocean Barents’ drilling rig has today left Kvaerner’s shipyard at Stord in Norway, having completed its five year classification and the planned upgrade and modification work more than one week ahead of schedule. The rig will now spend approximately one week in the Klosterfjorden for sea trials before it continues to its next assignment in the Norwegian Sea with Shell. .... [+ read more] The project has been conducted with good HSSE results. The ‘Transocean Barents’ is an Aker H-6e sixth generation dual activity dynamically-positioned semi-submersible drilling rig designed to operate in harsh environments and water depths up to 10 000 feet. The rig was one of two drilling platforms of the H6-e design delivered from Stord in 2009. The twin rigs, ‘Transocean Barents’ and ‘Transocean Spitsbergen’ have become known as state-of-the-art drilling rigs with high and stable performance.

9 Sep 2014

DNO announces dry well on Kvitvola prospect

Det norske oljeselskap ASA, as operator of production license 553, has completed the drilling of wildcat well 34/7-36 S T2. The well was drilled on the Kvitvola prospect about 5 km west of the Visund Field by the ‘Borgland Dolphin’ drilling rig. The purpose of the well was to prove petroleum in upper Jurassic, Draupne sandstones. A secondary target was the .... [+ read more] underlying Brent Group. The well encountered no reservoir in the Draupne Formation and thus no hydrocarbons were proven. The secondary target was also dry. 34/7-36 S T2 is the first exploration well in production license 553, awarded in the APA 2009. The well was drilled to a vertical depth of 3,639 meters below sea level (3,690 meters MDRKB). The water depth is 304 meters. The well will now be permanently plugged and abandoned. Det norske oljeselskap ASA is the operator of the license with a 40 percent working interest. Partners are Svenska Petroleum with 35 percent and Bayerngas with 25 percent working interest.

9 Sep 2014

NPD confirms DNO dry well at Heimdalsho prospect in Norway

Det norske oljeselskap ASA, operator of production licence 494, has completed drilling of wildcat well 2/9-5 S. The well is dry. The well was drilled about 30 km northeast of the Valhall field in the southern part of the North Sea. The primary exploration target for the well was to prove petroleum in Upper Jurassic reservoir rocks (Tyne group). The .... [+ read more] secondary exploration target was to prove petroleum in Pre-Jurassic reservoir rocks. The well encountered the primary exploration target with thin sandstones and few and thin sandstones in the secondary exploration target. This is the first exploration well in production licence 494. The licence was awarded in APA 2008. Well 2/9-5 S was drilled to a vertical depth of 3617 metres below the sea surface and was terminated in basement rocks. Water depth is 65 metres. The well has been plugged and abandoned. The well was drilled by the Mærsk Giant drilling facility, which will now proceed to the Yme field where Talisman Energy Norge AS is the operator.

9 Sep 2014

Prospector Offshore releases contract updates

Prospector Offshore Drilling S.A. (Prospector) is pleased to announce that Total E&P UK Limited and ELF Exploration UK Limited (Total) has completed the preparation of the location for ‘Prospector 1’. Therefore, as of 5th September 2014 the rig is being compensated per its original contract at the mobilization rate. In addition, Prospector is pleased to announce that ‘Prospector 5’ has arrived .... [+ read more] in Invergordon, Scotland and is undergoing its acceptance process before mobilizing to Total's first drilling location to begin its three year charter contact.

9 Sep 2014

Lundin receives consent to use 'Rowan Viking' on Edvard Grieg field

Lundin Norway AS has received consent from the Petroleum Safety Authority Norway to use ‘Rowan Viking’ to drill production wells on the Edvard Grieg field. Lundin Norway AS is the operator on the Edvard Grieg field in block 16/1 in the central North Sea, around 45 km south of the Grane and Balder fields and 180 km west of Stavanger. Water .... [+ read more] depth at the site is around 110 metres. The PSA has now given Lundin consent to use the ‘Rowan Viking’ mobile drilling facility to drill 15 wells for production and water injection. Drilling will last until autumn 2017, with a break in summer 2015 while the seabed facilities are installed.

8 Sep 2014

'Sevan Louisiana' back to work for LLOG by end of September

As previously reported by Sevan Drilling on August 19th and August 27th, the ‘Sevan Louisiana’ continues to encounter operational difficulties due to the BOP and supporting systems. The original issue with the BOP has been rectified, however the BOP tensioner support systems still needs further repair and replacements prior to operation. Spare equipment has been sourced from Seadrill's capital spare pool, .... [+ read more] and initial indication for return to service is by the end of September.

8 Sep 2014

UMW secures contract for newbuild jackup 'UMW Naga 6'

UMW Oil & Gas Corporation Berhad (UMW-OG) has announced that the company’s wholly owned subsidiary UMW Offshore Drilling Sdn Bhd, has received a Letter of Award from Petrovietnam Drilling & Well Services Corporation (PV Drilling) for a contract for the provision of a Jack-Up Drilling Rig and associated services for the end clients, PC Vietnam Limited and PETRONAS Carigali Overseas Sdn .... [+ read more] Bhd. The Contract, with an estimated contract value of USD46.5 million for the firm contract period, is for the provision of Drilling Rig Services for Drilling Campaigns for Vietnam Operations, whereby UMW-OG Group will assign its newest rig, ‘UMW Naga 6’ for this contract. The Contract is for four firm wells (approximately 250 days), with three optional wells (estimated 55 days) and thereafter, an Extension Option of 3 wells (estimated at 277 days). The commencement of the contract is expected to take place in early October 2014 immediately upon UMW-OG Group taking delivery of the new rig – ‘UMW Naga 6’, later this month. ‘UMW Naga 6’ is currently under construction by China Merchants Industry Holdings Co. Ltd, at the shipyard located in Shenzen, Mazhou Island, China. ‘UMW Naga 6’ is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 375 feet.

5 Sep 2014

Mubadala begins development drilling at Manora in Thailand

Tap Oil Limited (Tap) has provided the following update on the Manora Oil Development in the Northern Gulf of Thailand. Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that at 10.00 (AWST) the ‘Atwood Orca’ jackup drilling unit spudded the first of 15 planned development wells, MNA-02. The MNA-01 and MNA-02 wells will be batch drilled to .... [+ read more] final total depths of 2,104 m and 2,441 m measured depth respectively and shall be completed with electric submersible pumps (ESPs) ahead of handover to Production. Drilling and completion of both wells is planned to take 24 days on a trouble free basis. Both wells are required ahead of introduction of hydrocarbons to the Manora production facility. Production is expected to occur shortly after the completion of the MNA-01 and MNA-02 wells. The Manora A platform is located within the Gulf of Thailand in 46 metres of water. The development drilling program calls for drilling and completion of 15 wells (10 producers and 5 injectors), with the program expected to take until the end of Q1 2015. Tap has 2P reserves of 6.1 mmbbls (20.2 mmbbls gross) and 2C contingent resources of 3.2 mmbbls (10.9 mmbbls gross) booked for Manora (ASX release 27 October 2011). Tap will review these reserves and contingent resources following development drilling and production performance. Tap will make scheduled announcements upon commencement of drilling and completion of each well or each batch. Tap’s next expected announcement is at the completion of MNA-01 and MNA-02.

4 Sep 2014

Statoil fails to make commercial discovery with Martin prospect

Statoil announces a small discovery in its Martin prospect located in the Gulf of Mexico (GoM). Statoil does not consider this to be a commercial discovery. The well has been drilled efficiently and plug and abandonment operations (P&A) are now ongoing. The Martin prospect was spudded in May 2014, in Mississippi Canyon Block 718 where water depths were 2,918 feet. .... [+ read more] Once P&A operations are completed the 'Maersk Developer' rig will move to the impact Perseus prospect in De Soto Canyon (DC) 231.

4 Sep 2014

Statoil comes up dry with Dilolo-1 well in Angola

The Dilolo-1 exploration well in block 39 offshore Angola in the Kwanza basin was drilled to its pre-salt target. The first drilling operation in block 39 has now been completed. In this first well hydrocarbons were not encountered, but the operation did provide a valuable calibration for other prospects in the area. Further studies are needed in order to fully understand .... [+ read more] the well results. The well is now in the process of being plugged and abandoned. The ‘Stena Carron’ drillship will soon move to block 38 to spud the exploration well Jacaré-1.The Angolan pre-salt is a frontier play where Statoil will participate in eight commitment wells across five blocks.

3 Sep 2014

Atwood Oceanics takes delivery of 'Atwood Achiever'

Atwood Oceanics, Inc. (Atwood) announced today the delivery of the ‘Atwood Achiever’ from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. The ‘Atwood Achiever’ has commenced the mobilization phase of its drilling services contract with Kosmos Energy and is expected to arrive in Northwest Africa in early December to conduct a three-year exploration drilling program. .... [+ read more] Rob Saltiel, Atwood Oceanics President and CEO, commented, "We are very pleased to take delivery of the ‘Atwood Achiever’, the second of our four 'A-Class' ultra- deepwater drillships, from the DSME shipyard. We are eager to begin drilling operations for Kosmos and to demonstrate the extensive capabilities and efficiencies of this state-of-the-art drilling vessel."

3 Sep 2014

PV Drilling agrees extension for 'PV Drilling II'

PV Drilling has announced that it has successfully signed the extension agreement for the company’s ‘PV Drilling II’ jackup rig. The extension which was agreed upon in April 2014, has now been signed with Lam Son JOC for the unit, which is working on the Thang Long - Dong Do's stage 2 in Vietnam. The unit began its contract extension on .... [+ read more] the 10th July 2014 and will be working on the field for a period of 18 months.

1 Sep 2014

Lundin spuds Vollgrav South prospect in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 33/12-10 S in PL631 has commenced. The well will investigate the hydrocarbon potential of the Vollgrav South prospect in PL631, which is located 150 km west of Florø on the Norwegian west coast and between the giant .... [+ read more] Gullfaks and Statfjord fields. The main objective of well 33/12-10 S is to test the reservoir properties and hydrocarbon potential of the Upper Jurassic Sandstones equivalent to the reservoir in the Borg Field (which forms part of the Tordis Field discovered by Saga Petroleum 20 km further north in 1992). Lundin Petroleum estimates the Vollgrav South prospect to have the potential to contain unrisked, gross prospective resources of 57 million barrels of oil equivalent (MMboe). The planned total depth is 3,050 metres below mean sea level and the well will be drilled using the drilling rig ‘Bredford Dolphin’. Drilling is expected to take approximately 55 days. Lundin Norway is the operator and has a 60 percent working interest in PL631. The partners are Bayern gas Norge with a 30 percent working interest and Fortis Petroleum Norway with a 10 percent working interest.

1 Sep 2014

'Rowan Viking' receives AoC in Norway

The ‘Rowan Viking’ jack-up facility has received Acknowledgement of Compliance (AoC) from the Petroleum Safety Authority Norway (PSA). It is the PSA's assessment that petroleum activities may be carried out using the ‘Rowan Viking’ facility within the regulatory framework. The validity of this Acknowledgement of Compliance assumes that Rowan Norway Limited ensures that the facility and relevant parts of the company’s .... [+ read more] organisation and management systems are maintained, to fulfil terms and conditions set out in the PSA’s decision.

1 Sep 2014

Statoil receives consent to use 'Transocean Spitsbergen' drill Isfjell prospect from PSA

Statoil Petroleum AS has received consent for exploration drilling using the ‘Transocean Spitsbergen’ mobile drilling facility to drill well 7220/2-1 Isfjell in production licence 714.The well lies in the Barents Sea, around 219 km from the nearest mainland at Ingøy in Måsøy municipality, Finnmark. Water depth at the site is approx. 429 metres. Drilling is planned to begin in August 2014, .... [+ read more] with a duration of around 30 days, depending on whether a discovery is made. In its decision to grant permission under the Pollution Act, the Norwegian Environment Agency has determined that Statoil may not drill in oil-bearing strata before 18th September 2014. This condition has been set to allow for appeals before the riskiest part of the operation gets under way. ‘Transocean Spitsbergen’ is a semi-submersible drilling facility of the Aker H-6e type. It was built at the Aker Stord yard, is registered in the Bahamas and classified by DnV.

31 Aug 2014

'Kan TAn IV' begins contract with Shell Todd in New Zealand

The Frigstad Offshore managed semi-submersible drilling rig Kan Tan IV has just completed drilling of WHOI-1 for OMV. The rig has been moved from the WHOI-1 location to the Ruru 2 location to commence the drilling programme for STOS. The Kan Tan IV is managed by Frigstad Offshore Drilling (Cyprus) Ltd on behalf of owner Sinopec Star Petroleum Company Ltd. .... [+ read more] The rig is an Enhanced Pacesetter delivered by FELS in Singapore in 1983, capable of operating in up to 2,000ft of water depth and equipped with a 18-3/4 15K BOP. The rig completed an extensive refurbishment programme including 5yr SPS and dry docking at Keppel FELS in Singapore at the end of 2012 and was put back into service in Q1 2013, drilling for Eni in South China Sea before mobilising to New Zealand to drill for OMW, AWE and Shell-Todd.

29 Aug 2014

Lundin successful with Luno II appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/4- 8 S in the Luno II discovery has been successfully completed. The Luno II discovery is located approximately 15 km south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf .... [+ read more] (NCS). The well was drilled 4 km southeast of the Luno II discovery well. The main objectives of well 16/4-8 S were to confirm the reservoir properties and petroleum potential of the Central South segment. The well encountered about 500 metres of gross sandstone section of Jurassic/Triassic age. A gross oil column of 30 metres has been proven, underlying a thin gas cap. The pressure data indicates a barrier towards the discovery well 16/4-6 S. Extensive data acquisition and sampling was carried out in the reservoir, including conventional coring and fluid sampling. One production test (DST) was performed in the oil zone, producing at a rate of 450 barrels per day through a 28/64” choke. Reservoir properties were lower than expected in this part of the structure. Following the results of 16/4-8 S the revised gross contingent resource range for Luno II is estimated at between 27 and 71 million barrels of oil equivalents. The Luno II discovery is located wholly in PL359. Appraisal well 16/4-8 S is the third well drilled in production license PL359 after it was awarded in 2006. The well was drilled to a total depth of 2,700 metres below mean sea level in a water depth of 100 metres. The well was drilled using the semi-submersible drilling rig ‘Bredford Dolphin’. The well will be permanently plugged and abandoned before the rig proceeds to drill exploration well 33/12-10 S targeting the Vollgrav South prospect in production license PL631 where Lundin Norway is operator. Two interest transactions in PL359 have been announced on the 17th June 2014 and 4th of July 2014. Following these transactions, and subject to government approval, Lundin Norway holds a 50 percent interest in PL359, OMV Norge AS a 20 percent interest, Statoil Petroleum ASA a 15 percent interest and Wintershall Norge AS a 15 percent interest.

29 Aug 2014

DNO announces dry well on Heimdalshø

Det norske oljeselskap ASA, as operator of production license 494, has completed the drilling of wildcat well 2/9-5S. The well was drilled about 30 km east of the Valhall field on the Heimdalshø prospect. 2/9-5S was the first well to test a new play concept in the Mandal High area, where Johan Sverdrup and Utsira High is the analogue. The purpose .... [+ read more] of the well was to prove petroleum in Upper Jurassic reservoir rocks and secondary to prove sandstones with hydrocarbons in the pre-Jurassic rocks. The well encountered a few thin sandstones with reservoir quality in the main target and only few and thin sandstones in the secondary target. No traces of hydrocarbons were proven. 2/9-5S is the first exploration well in production license 494, awarded in the APA2008. The well was drilled to a vertical depth of 3,525.5 meters below sea level (3,587 meters MDRKB) and was completed in rocks expected to be of Permian age. The water depth is 65 meters. The well will now be permanently plugged and abandoned. Well 2/9-5S was drilled by the drilling rig ‘Maersk Giant’, which will now go to the Yme field operated by Talisman. Det norske oljeselskap ASA is the operator of the license with a 30 percent working interest. Other partners are Dana Petroleum with 24 percent, Fortis Petroleum with 16 percent, Spike Exploration with 15 percent and Tullow Oil with 15 percent.

28 Aug 2014

'Pacific Sharav' begins contract in US GoM

Pacific Drilling S.A. (Pacific) announced today that its ultra-deepwater drillship the ‘Pacific Sharav’ commenced its drilling contract on August 27th, 2014. Then unit has been contracted by Chevron for work in the US GoM for a five year period at a dayrate of USD555,000. .... [+ read more]

27 Aug 2014

Ophir's Tonel North-1 well has poor result

Ophir Energy plc (Ophir) is pleased to provide an update on its operations in Equatorial Guinea. The Tonel North-1 appraisal well has been completed on Block R, Equatorial Guinea. The Tonel North-1 well was drilled approximately 5km north-east of the original Tonel-1 discovery well. The well encountered gas pay combined in the lower target sands but the upper sands appear to .... [+ read more] be low gas-saturation. Analysis of the well data is ongoing. The result is expected to marginally reduce the discovered volumes in the Tonel field but will not impact the commerciality of the base case 2.5mmtpa FLNG project. The ‘Titanium Explorer’ drillship has now moved to complete the Silenus East-1 exploration well which is targeting ca.420bcf of low-risk mean prospective gas resource as a primary target and will be deepened to test a secondary, high-impact but high-risk oil target that on current mapping could be a potentially extensive play across the Block. The top hole of Silenus has already been previously drilled and the well is expected to complete within two weeks. There are several analogous shallow gas prospects to Silenus East in the Thrust Belt play sharing the same Direct Hydrocarbon Indicators. If successful, the well would de-risk ca.1.2TCF of upside (including Silenus East volumes) in the immediate area that could provide an additional production hub for the FLNG development.

27 Aug 2014

FAR announces hydrocarbon presence at FAN-1 well in Senegal

FAR Ltd (FAR) has announced that Oil samples have been recovered in the FAN-1 exploration well being drilled offshore Senegal. Elevated gas and fluorescence were encountered in a shallow secondary target and the presence of oil was confirmed by an intermediate logging program. Oil samples from a thin sand were collected by an MDT wireline formation tester for further analysis. .... [+ read more] This well data confirms the existence of a working petroleum system. The FAN-1 well has reached a depth of 4402 metres where intermediate casing has now been set. The well will be deepened to planned Total Depth (“TD”) of approximately 5000 metres. Conclusive results for this well will not be available until drilling operations are completed and all of the well data is fully assessed. The Operator anticipates that drilling of the FAN-1 well will be completed during the next month after which time the rig will be moved to the SNE-1 well location, the second well of the two well program offshore Senegal. FAR Managing Director, Cath Norman said, ”The presence of oil In the secondary target is important in helping our geological understanding of the margin and is significant because it confirms the existence of a working petroleum generating system. It is very pleasing that the building blocks of a working petroleum system are present and we look forward to drilling ahead to deeper objectives in FAN-1 and completing the SNE-1 well. ”As previously announced, the drilling program has been designated as “tight” by the Operator and hence no information related to depth or formation will be provided during the drilling beyond what is required to meet ASX continuous disclosure obligations. This release in relation to the matter referred to in the Company’s trading halt announcement of 25 August 2014

27 Aug 2014

Energean purchases 'Glen Esk' tender rig

Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa has launched a new multi-million investment program that plans to develop up to 30 million barrels of reserves in North West Greece. Part of this new investment program involves the drilling of 15 new wells, to which end Energean has purchased .... [+ read more] the ‘Glen Esk’ tender rig from KCA Deutag. The price paid for the unit has not been released, but Energean plans to utilise its own drilling crews on the unit in order to keep costs down. It was previously reported in early 2014 that the ‘Glen Esk’ unit along with KCA Deutag’s other two tender rigs would be purchased by PrimePoint Oil & Gas however, this never materialised.

26 Aug 2014

Whio-1 well confirmed as a dry well by OMV

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 08:10 hours (local time) on Monday 25th Augsut 2014, that the Whio-1 well has reached a total depth of 2,824m MDRT in the Palocene Farewell Formation. Since the previous well report was released, the 12.25” open hole wireline logging .... [+ read more] has been completed and plans for abandonment are underway. Cue has been advised by OMV that the well encountered sandstones in all objectives as expected, but could not confirm the presence of commercial hydrocarbons. Whio-1 is being drilled by the ‘Kan Tan IV’ semisub.

26 Aug 2014

Statoil given consent to use 'Transocean Leader' to drill 25/8-18 S well

Statoil has received consent to carry out exploration drilling using the ‘Transocean Leader’ mobile drilling facility to drill well 25/8-18 S in the central North Sea. The well is located 12 km north-west of the Grane field and around 164 km from the nearest land at Utsira in Rogaland. Water depth at the site is 159 metres. Drilling is estimated to .... [+ read more] last for 33 days. ‘Transocean Leader’ is operated by Transocean. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in December 2004.

26 Aug 2014

Circle Oil announces discovery in Tunisia

Circle Oil Plc (Circle), the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce the preliminary results of drilling of the well EMD-1 in the Mahdia Permit, offshore Tunisia. The El Mediouni-1 well (EMD-1) is located within the north central area of the Mahdia Permit in a water depth of 240 .... [+ read more] metres, 120 km east of the port of Sousse. EMD-1 was spudded on 8th June 2014 and drilled to a TD of 1,200 metres MD in the Upper Ketatna carbonates. The stratigraphy encountered in the well was exactly as prognosed and very good light oil shows were encountered both in the Lower Birsa carbonate primary target and the Upper Ketatna carbonates secondary target over a combined interval of 133 metres. The strong hydrocarbon indications encountered in the Birsa and Ketatna carbonates confirm the existence of a working petroleum system in the Mahdia Permit for this and other prospects. The robustness of the El Mediouni trap has also been proven. The losses incurred within the target formations, as described below, give further confirmation of high quality permeability. The gross oil zone interval in the Lower Birsa is 77 metres and the Upper Ketatna has a minimum interval of 48 metres, subject to confirmation by logs. Using known reservoir and fluid parameters from equivalent formations in the Gulf of Hammamet, the internally estimated most likely recoverable prospective resources discovered by the EMD-1 well are approximately 100 MMBO. During the drilling of the target carbonates, severe mud losses occurred and multiple remedial operations to restore circulation were performed. This included the pumping of numerous CaCO3 pills, conventional lost circulation material and large volumes of sea water. The hole conditions in the well deteriorated rapidly and multiple attempts at open hole logging by wireline and tough logging conditions equipment failed. Ultimately the decision was taken to terminate further efforts and suspend the well. Circle Oil has been granted a six month extension to the Mahdia permit to January 2015. It then has the right to elect for two additional renewals of the permit for 3 years each with a commitment of one well per period.

26 Aug 2014

Lundin given approval to drill Lindarormen prospect in Norway

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 6405/12-1, cf. Section 8 of the Resource Management Regulations. Wellbore 6405/12-1 will be drilled from the Bredford Dolphin drilling facility at position 64°11'42.30" north and 5°52'13.53" east after completing drilling of wildcat well 16/4-8 S for Lundin Norway AS in production licence 359. The drilling programme .... [+ read more] for wellbore 6405/12-1 relates to drilling of a wildcat well in production licence 584. Lundin Norway AS is the operator with an ownership interest of 60 per cent. The other licensee is Bayerngas Norge AS (40 per cent). The area in this licence consists of block 6405/12 and parts of blocks 6405/9, 6406/7, 6406/10, 6305/3 and 6306/1. The well will be drilled about 80 kilometres northeast of the Ormen Lange field. Production licence 584 was awarded on 4 Feb. 2011 (APA 2010 on the Norwegian shelf). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

26 Aug 2014

Statoil given approval to drill Pingvin prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7319/12-1, cf. Section 8 of the Resource Management Regulations. Well 7319/12-1 will be drilled from the Transocean Spitsbergen drilling facility at position 73°02'34.20" north and 19°46'39.30" east. The drilling programme for well 7319/12-1 relates to drilling of a wildcat well in production licence 713. Statoil Petroleum .... [+ read more] AS is the operator with an ownership interest of 40 per cent. The other licensees are RN Nordic Oil AS, North Energy ASA and Edison International Norway Branch, each with 20 per cent. The area in this licence consists of blocks 7219/ 2, 3 and 7319/11, 12. Production licence 713 was awarded on 21 June 2013 in the 22nd licensing round on the Norwegian shelf. This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

25 Aug 2014

KrisEnergy come up dry with the Mancharee-1 well

KrisEnergy Ltd (KrisEnergy), an independent upstream oil and gas company, has announced that drilling operations have concluded at the Mancharee-1 exploration commitment well in G10/48 in the Gulf of Thailand, where the company is developing the Wassana oil field. Mancharee-1, which commenced drilling on 8th August 2014, reached a total depth at 12,205 feet (3,720 metres) measured depth, or 10,460 feet .... [+ read more] (3,188 metres) true vertical depth subsea. Gas shows were encountered at several levels but no significant pay zones were identified. Water depth at the well location is 170 feet (51.8 metres). Mancharee-1, the final commitment well in the third exploration phase of the licence, was drilled using the ‘West Cressida’ jack-up rig.

25 Aug 2014

Pacific Drilling confirm extension for 'Pacific Bora'

Pacific Drilling S.A. announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the ‘Pacific Bora’. As previously announced in the company’s recent Fleet Status report (6th August 2014), the contract extension increases the drillship’s backlog by approximately USD439 million, bringing the company’s total contract backlog as of Aug. 22nd, 2014, to .... [+ read more] UDS3.0 billion.

22 Aug 2014

Drilling permit for Ensis prospect granted

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7125/4-3, cf. Section 8 of the Resource Management Regulations. Well 7125/4-3 will be drilled from the Transocean Spitsbergen drilling facility at position 71°30'56.40" north and 25°12'56.70" east. The drilling programme for well 7125/4-3 relates to drilling of a wildcat well in production licence 393 B. Statoil .... [+ read more] Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are Petoro AS (20 per cent), Concedo ASA (20 per cent) and OMV (Norge) AS (10 per cent). The area in this licence consists of parts of block 7125/4 and 7125/5. The well will be drilled about 110 kilometres northeast of Hammerfest. Production licence 393 B was awarded on 10 September 2010 (follow up to the 19th licensing round on the Norwegian shelf). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

22 Aug 2014

Cue releases fourth drilling report for Whio-1

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 08:19 hours (local time) on Friday 22nd August 2014, the Whio-1 well was at a depth of 2,670m MDRT in 12.25” hole, and is drilling ahead towards the planned total depth of 2,879m MDRT (2,754m TVDRT). Whio-1 is being .... [+ read more] drilled from the semi-submersible drilling rig ‘Kan Tan IV’ at a surface location 110 km south-west of New Plymouth, Taranaki, New Zealand and 4.5 km south-east of the Maari well-head platform. Whio-1 is currently being drilled through the deeper reservoir objectives, of which the Mangahewa Formation is the primary target, and which is oil bearing in the Maari Field. The secondary lower reservoir objectives are the Kaimiro and Farewell formations. Preliminary indications suggest the well has intersected reservoir quality sandstones in the targeted formations, which will be assessed in more detail when wireline logs are acquired at Total Depth.

22 Aug 2014

Statoil given go ahead to drill Isfjell prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 7220/2-1, cf. Section 8 of the Resource Management Regulations. Well 7220/2-1 will be drilled from the Transocean Spitsbergen drilling facility at position 72°48'43.85" north and 20°33'26.97" east. The drilling programme for well 7220/2-1 relates to drilling of a wildcat well in production licence 714. Statoil Petroleum .... [+ read more] AS is the operator with an ownership interest of 50 per cent. The other licensees are ENI Norge AS (30 per cent) and Petoro AS (20 per cent). The area in this licence consists of block 7220/2 and parts of block 7220/3. The well will be drilled about 35 kilometres north of the Johan Castberg field. Production licence 714 was awarded on 21 June 2013 (22nd licensing round on the Norwegian shelf). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

21 Aug 2014

Gobi-1 well set to spud in late September

Nido Petroleum Limited (Nido) is pleased to advise that the Operator of the Gurita PSC, offshore Indonesia, Lundin Gurita BV has advised that the rig for the Gobi-1 well will become available to the Joint Venture in September 2014. On the basis of Operator’s advice, the Company now expects to spud the well in late September 2014. Nido currently has a .... [+ read more] 10% working interest in the Gurita PSC. The Gobi-1 well is expected to be spudded using the ‘Hakuryu-11’ jackup rig.

21 Aug 2014

Keppel delivers 'Dukhan' rig to GDI

Keppel FELS Limited (Keppel FELS) has delivered its fourth jackup rig, ‘Dukhan’, to Gulf Drilling International Ltd (GDI) of Qatar nine days ahead of schedule, on budget and with a perfect safety record. ‘Dukhan’ is a high specification rig built to Keppel’s proprietary KFELS B Class design.Keppel FELS has previously delivered three similar jackup rigs to GDI; ‘Al Khor’, ‘Al Zubarah’ .... [+ read more] and ‘Les-hat’. Customised for GDI with features that enable it to work anywhere in Qatar, ‘Dukhan’ will be chartered to Qatar Petroleum for five years. The KFELS B Class is equipped with larger spud cans for reduced bearing pressure which expands its operational coverage, especially in sea beds where soft soil is predominant. It includes a 15,000 PSI choke system for well control and can drill wells through 30,000ft with a cantilever that can skid out 75ft from the edge of the hull to drill wells. It also features offline stand building and 7,500 PSI mud pumps.

20 Aug 2014

'Atwood Eagle' completing Phoenix South-1 well

Carnarvon Petroleum Limited (Carnarvon) is pleased to advise that the Phoenix South-1 well has reached a total depth of 4,595 metres measured depth (MD) after encountering the locker shale. The 'Atwood Eagle' is currently undertaking preparations to complete the well and leave it in a safe condition and it is anticipated to leave the well by the end of the month. .... [+ read more]

20 Aug 2014

'Maersk Intrepid' given permission to work in Norway

The ‘Maersk Intrepid’ jack-up drilling facility has received Acknowledgement of Compliance (AoC) from the Petroleum Safety Authority Norway (PSA). An Acknowledgement of Compliance (AoC) is a statement from the PSA indicating that a mobile facility is considered to be in compliance with relevant requirements in the petroleum activities regulations. After the AoC has been granted, the facility owner is responsible for .... [+ read more] ensuring that the organisation, management system and facility’s technical condition always comply with the regulations.

19 Aug 2014

'Sevan Louisiana' operational update

Sevan Drilling has released an operational update regarding the ‘Sevan Louisiana’ semisub. ‘Sevan Louisiana’ has temporarily halted operations due to a control system leak on the BOP. In order to repair the leak, it was necessary to temporarily suspend the well in a safe manner and recover the upper section of the BOP to the surface. The unit was in the .... [+ read more] process of drilling an exploration well on the Humphrey prospect in the US GoM when the incident occurred.

18 Aug 2014

Salamander fails to find commercial discovery at North Kendang-2

Salamander Energy plc announces that drilling operations on the North Kendang-2 exploration well (NK-2) in its operated South East Sangatta PSC have now been concluded. The well reached a total depth of 2,569 metres true vertical depth sub-sea and encountered two hydrocarbon bearing intervals, one of which was the primary objective zone of high pressure encountered in the North Kendang-1 .... [+ read more] (NK-1) well. This was successfully penetrated in NK-2 and comprised a 2.5m gas condensate bearing sand. In addition, a 10.5m gas bearing sand with oil shows was encountered at a shallower depth. This sand is at the same stratigraphic interval that flowed 6,000 bopd on test in the South Kecapi-1 DIR/ST well in the Bontang PSC. The volume of hydrocarbons encountered is considered to be sub-commercial and the NK-2 well has been plugged and abandoned. Costs related to the NK-1 well control incident, and to drilling the NK-2 well to this same depth, are covered under the Company’s insurance policies. This well concluded Salamander’s drilling programme in the North Kutei and the ‘Ocean General’ rig has now been released.

18 Aug 2014

Apache makes discovery at Phoenix South-1

Apache Corporation (Apache) today announced an oil discovery at the Phoenix South-1 well – the company’s first discovery in Australia’s offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging in thickness between 85 and 151 feet (26 to 46 meters) in the Triassic Lower Keraudren formation, within an overall, sand-rich section between 13,648 .... [+ read more] and 14,763 feet below sea level (4,160 to 4,500 meters). Six light oil samples have been recovered from three intervals to date; permeability measurements from the sampled zones indicate a productive oil reservoir with preliminary estimates that there might be as much as 300 million barrels of oil in place.Evaluation of the formation penetrated in the Phoenix South-1 is under way, and final calculation of hydrocarbon pay will depend on additional analysis. The Phoenix South-1 well is located in permit WA-435-P, offshore western Australia, 110 miles (180 km) north of Port Hedland in 435 feet (133 meters) of water. Apache has a 40-percent interest and operatorship of WA-435-P and the adjacent permit WA-437-P; co-venturers are Carnarvon Petroleum (20 percent), Finder Exploration (20 percent) and JX Nippon (20 percent). Apache also has exercised its option to acquire 40-percent interest and operatorship of two additional adjacent permits (WA-436-P and WA-438-P) for a total position of more than 5 million acres (20,000 square kilometers). The area includes a number of large, undrilled structures, including the Roc prospect on WA-437-P, with potential to be significant additional oil accumulations. Further drilling and evaluation is planned for 2015.

17 Aug 2014

Honghua set to construct a semisub for Orion Engineering

A leading global land drilling rig manufacturer – Honghua Group Ltd. (Honghua), is pleased to announce that Honghua Offshore Oil & Gas Equipment (Jiangsu) Co,Ltd. (Honghua Offshore), an indirect wholly-owned subsidiary of Honghua, entered into a legally binding Letter of Award (LOA) on 16th August with Orion Engineering and Management Limited (Orion), for the construction of one European-designed semi-submersible drilling .... [+ read more] rig. It is subsequent to the shipbuilding agreement worth over USD200 million on 14th August, with UDIN Engineering Co., Ltd., a Korean offshore engineering company. According to the terms and provisions of the LOA, Orion plans to purchase the rig for a total consideration of approximately USD320 million (excluding owner-furnished equipment), representing 24.5% of the Company’s total revenue as of 31st December 2013. According to the LOA, the Sales and Purchase Agreement is expected to be executed within 60 days. At the same time, Orion has the option to purchase an additional three rig units with the same specification from Honghua Offshore under the same conditions each respectively at an interval of six-months. The rig and option Units under the LOA will be equipped with Honghua’s in-house design and manufacture drilling package. Meanwhile, Orion will contract a subsidiary of Opus Offshore Ltd. (Opus Offshore) to supervise the construction of the rig according to the latest regulations and highest quality standards in place within the international offshore exploration and production sector. No details about the design of the unit were released.

15 Aug 2014

BP drills duster in Gulf of Mexico

Noble Energy, Inc. (Noble) today announced that the Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons. Drilled to a total depth of 13,500 feet on Atwater Valley 362, the well has now been plugged and abandoned. Full well assessment and the integration of drilling results into the .... [+ read more] Company's geologic models is ongoing to determine forward exploration plans on the recently acquired Atwater Valley acreage. Susan Cunningham, Senior Vice President, Gulf of Mexico, West Africa, and Frontier, said, "While we are disappointed with the results of the Bright well, we remain extremely encouraged by the recent success of our exploration program in the Gulf. We look forward to results at our Katmai and Dantzler exploration wells later this month." BP Exploration & Production Inc. operated the well with 50 percent working interest and Noble Energy had the remaining 50 percent. The Company expects third quarter 2014 exploration expense to remain within guidance of USD150 to USD250 million.

15 Aug 2014

Cue Energy releases new update of Whio-1 well drilling in New Zealand

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the operator of permit PEP 51313 that at 07:30 hours (local time) on Friday 15th August 2014, the Whio-1 well was at a depth of 1,582m MDRT in 12.25” hole and is drilling towards the planned total depth of 2,879m MDRT (2,754m TVDRT). Whio-1 is being drilled .... [+ read more] by the ‘Kan Tan IV’ semisub drilling rig, 4.5km south-east of the Maari well-head platform.

14 Aug 2014

Statoil given consent to drill Pingvin prospect

Statoil has received consent for exploration drilling using the ‘Transocean Spitsbergen’ mobile drilling facility to drill well 7319/12-1 Pingvin in production licence 713. The well is in the Barents Sea, around 296 km from Hammerfest. Water depth at the site is approx. 422 metres. Drilling is planned to begin in August 2014, with a duration of around 28 days, depending on .... [+ read more] whether a discovery is made. In its decision to grant permission under the Pollution Act, the Norwegian Environment Agency has determined that Statoil may not drill in oil-bearing strata before 5th September 2014. This condition has been set to allow for appeals before the riskiest part of the operation gets under way.

13 Aug 2014

'Leiv Eiriksson' given permission to spud 34/6-3 S well in Norway

The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for wellbore 34/6-3 S cf. Section 8 of the Resource Management Regulations. Wellbore 34/6-3 S will be drilled from the Leiv Eriksson drilling facility at position 61°34'29.55" north and 2°43'48.70" east after completing drilling of well 35/9-11 A for RWE Dea Norge AS in production licence 420. .... [+ read more] The drilling programme for wellbore 34/6-3 S relates to drilling of a wildcat well in production licence 554. Total E&P Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are Spike Petroleum, Det Norske and Svenska Petroleum, all with 20 per cent each. The area in this licence consists of part of block 34/6. The well will be drilled about 110 kilometres west of Florø. Production licence 554 was awarded on 19 February 2011 in APA 2010 on the Norwegian shelf. This is the third well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

13 Aug 2014

CIMC Raffles delivers newbuild jackup to Coastal Contracts

CIMC Raffles (CIMC) has announced that the ‘Coastal Driller 4001’ jackup was successfully delivered to Coastal Contracts Bhd on the 13th August 2014. The unit which was constructed to Friede & Goldman’s JU-2000E design is capable of operating in 400ft of water whilst drilling down to depths of 35,000ft. The unit has been classed by ABS, with the drilling package being .... [+ read more] delivered by Aker MH.

11 Aug 2014

Logging begins at Phoenix South-1

Carnarvon Petroleum Limited (Carnarvon) is pleased to announce that the Phoenix South-1 well has drilled to a depth of 4,540 metres Measured Depth (MD). Drilling 40 metres below the 4,500 metres MD target was undertaken to enable logging tools to reach 4,500 metres. Apache is currently running wireline formation evaluation tools. These operations are expected to continue for a further five .... [+ read more] to seven days. Once these operations are complete the joint venture will make a decision whether to drill deeper.

11 Aug 2014

GSP Offshore purchases jackup rig from Transocean

Grup Servicii Petroliere (GSP) has announced that it has extended its offshore drilling fleet to eight units, with the addition of the ‘GSP Magellan’ jackup rig entering the company’s fleet. The unit formerly known as the ‘GSF Magellan’ was purchased from Transocean and is an ABS classed, Friede & Goldman L-780 Mod V drilling rig with three legs. The unit is .... [+ read more] rated -20°C, thus the rig’s design and outfitting is consistent with GSP’s asset portfolio and strategy to be present in selective markets. The rig’s cantilever envelope is 58 ft. x 30 ft. The MODU can operate in water depths up to 350 ft with 10,400 kips maximum variable load (drilling). The drilling rig has a quarters’ capacity of 116 persons. ‘GSP Magellan’ is the second MODU entering GSP fleet in 2014. The company currently operates in the Black Sea, Mediterranean Sea, North Sea, the Arctic and the Gulf of Mexico.

9 Aug 2014

Rosneft spuds Kara Sea well

Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling at Universitetskaya-1, the Russian Federation's northernmost well using the ‘West Alpha’ rig. The signal to begin drilling was given by Russian President Vladimir Putin in a video link to the Kara Sea with the head of Rosneft Igor Sechin and the head of ExxonMobil Russia Glenn Waller. Special representative of President of .... [+ read more] the Russian Federation on international cooperation in the Arctic and Antarctic Artur Chilingarov and North Atlantic Drilling representative Jan Tore Theimann also took part in the ceremony. “The start of exploratory drilling in the Kara Sea is the most important event of the year for the global oil and gas industry. As a result of this work we hope to discover a new Kara Sea oil-bearing province. Developing of the Arctic shelf has a huge multiplicative effect on the whole Russian economy” – said Igor Sechin. The ‘West Alpha’ rig was provided by the Norwegian company North Atlantic Drilling which signed long-term agreements with Rosneft on 30th July 2014 for the offshore drilling. ‘West Alpha’ was transported via the Barents, Pechora and Kara Seas and installed on the drilling site of the East Prinovozemelskiy-1 Licence Area in the Kara Sea. The drilling rig made the way of over 1,900 nautical miles to reach its destination. The rig is 30,700 tons in deadweight, 70 m long, 66 m wide, the derrick hangs 108.5 meters over the main deck, and it drafts during drilling for 21.5 m. The rig is held on the drilling site by an 8-anchor positioning system, which provides advanced stability for the rig. Most of the platform is outside the reach of waves, which are no impediment for the rig's operation. The drilling will continue for two months.

8 Aug 2014

KrisEnergy spuds Mancharee-1 well in Thailand

KrisEnergy Ltd. (KrisEnergy), an independent upstream oil and gas company, announces that the ‘West Cressida’ jack-up rig has commenced drilling of the Mancharee-1 exploration commitment well in block G10/48 in the Gulf of Thailand, where the Company is developing the Wassana oil field. Water depth at the Mancharee-1 well location is 170 feet (51.8 metres). The well is planned to be .... [+ read more] drilled to a total depth of 12,420 feet measured depth (-10,650 feet total vertical depth subsea) and will evaluate a series of stacked sandstone reservoirs of Miocene and Oligocene age. Mancharee-1lies to the west of the Mayura oil discovery, which requires further appraisal. G10/48 also holds the Niramai oil accumulation, which lies to the north of the Wassana oil development. Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production, commented: “Mancharee-1is the first exploration well to be drilled in G10/48 since we took over operatorship of the block in May 2014. We are also pressing ahead with the Wassana project and have locked in vital elements for the development such as the processing facilities and the rig to drill the development wells. Our progress is in line with our timetable for first oil in the second half of 2015.”KrisEnergy holds 100% working interest in G10/48, which covers 4,696 sq km over the southern section of the Pattani Basin in water depths up to 60 metres.

8 Aug 2014

'West Linus' lined up to complete wells on Ekofisk

ConocoPhillips Skandinavia AS (COPSAS) has received consent to use the ‘West Linus’ jack-up drilling facility for drilling and completion of wells at Ekofisk 2/4-ZZ. The Ekofisk field was discovered in 1969 and is the oldest of the oil and gas fields in production on the Norwegian Continental Shelf. The field is situated around 280 km south-west of Stavanger. Water depth is .... [+ read more] around 73 metres. West Linus received Acknowledgement of Compliance on 25 May 2014.

8 Aug 2014

Shell to use 'Transocean Barents' to appraise 6305/8-2 at Ormen Lange

A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to use ‘Transocean Barents’ to drill appraisal well 6305/8-2 at Ormen Lange. Ormen Lange is a gas field located in the Møre Basin in the southern section of the Norwegian Sea. The sea here varies from 800 metres to more than 1,100 metres deep. This great water depth .... [+ read more] and the seabed conditions have made this a highly challenging development, requiring technological innovation. Drilling is scheduled to start in August 2014. ‘Transocean Barents’ (formerly Aker Barents) is a 6th-generation semi-submersible drilling facility of the H-6e type. The facility was built at the Aker Stord yard in Norway and was completed in 2009.

8 Aug 2014

Cue Energy releases update of Whio-1 well in New Zealand

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 06:00 hours (local time) on Friday 8th August 2014, the Whio-1 well was at a depth of 1,235m MDRT. Since the last report, 16” hole was drilled to the section TD of 1,235m MDRT and the 13?” casing was .... [+ read more] run and cemented. The rig is currently preparing to commence drilling ahead in 12¼” hole. Whio-1 is being drilled from the semi-submersible drilling rig ‘Kan Tan IV’ at a surface location 110 km south-west of New Plymouth, Taranaki, New Zealand and 4.5 km south-east of the Maari well-head platform. The well has a planned total depth of 2,879m MDRT (2,754m TVDRT) and the well path will be deviated northwards from the surface location to avoid possible shallow drilling hazards above the subsurface targets. The primary reservoir objectives at Whio are the M2A Sandstone and Mangahewa Formation which are oil bearing in the Maari Field. Secondary reservoir objectives are the Moki, Kaimiro and Farewell formations. Cue’s assessment of Whio indicates mean unrisked prospective resources of 18 million barrels of oil (100% basis). The close proximity of Whio to existing production infrastructure at the Maari Field provides potential opportunities for early development of any discovered petroleum. A successful well at Whio will open additional exploration potential along the Tasman Ridge to the south of Maari, including the Matariki prospect.

8 Aug 2014

Centrica set to use 'West Navigator' to drill Ivory prospect

Centrica Resources (Norge) AS has received consent for exploration drilling using the ‘West Navigator’ mobile drilling facility to drill well 6707/10-3 S, in production licences 528 and 528 B. The well is in the Norwegian Sea, around 293 km from Brønnøysund and 20 km from the Aasta Hansteen field. Water depth at the site is approx. 280 metres. Drilling is planned .... [+ read more] to begin in August 2014, with a duration of around 78 days, depending on whether a discovery is made. ‘West Navigator’ is owned and operated by North Atlantic Norway Limited. The facility received Acknowledgement of Compliance (AoC) in September 2000.

8 Aug 2014

ExxonMobil contracts newbuild drillship 'West Saturn' for ERHA North Phase 2

Seadrill Limited (Seadrill), in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration and Production Nigeria Limited, an ExxonMobil subsidiary, for employment of the newbuild ultra-deepwater drillship ‘West Saturn’, in support of the ERHA North Phase 2 project in Nigeria. The contract is for a firm period of two years plus a one .... [+ read more] year option and has a total revenue potential for Seadrill and Field Offshore Design Engineering Nigeria Limited for the primary contract term of approximately USD497 million, inclusive of mobilization. The ‘West Saturn’ is currently under construction at Samsung Heavy Industries in Geoje, South Korea with expected delivery in September 2014 and marks the sixth Seadrill unit to commence operation in the last 12 months. The unit will initially be outfitted to work in up to 10,000 ft. of water and is capable of handling two BOP's, operating in up to 12,000 ft. of water and drilling depths up to 40,000 ft.

7 Aug 2014

Soco spuds new exploration well in Congo (Brazzaville)

SOCO announces that the Lidongo X Marine-101 (LXM-101) exploration well has spudded in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo (Brazzaville). The LXM-1 well is designed to test the extension of an adjacent gas/condensate/oil field into the Marine-XI license block. The LXM-101 well is located 23 kilometres north west of Pointe Noire in a .... [+ read more] water depth of approximately 45 metres. The planned total depth for the well is provisionally estimated to be 2,600 metres Total Vertical Depth subsea (TVDss), although provision has been made to continue drilling to a maximum depth of circa 3,100 metres TVDss, terminating in the lower most part of the Djeno sandstone formation. The well will be drilled using the jack-up drilling rig ‘Paragon L782’, and is expected to take 35 to 45 days to drill.

7 Aug 2014

Mercury probe fails to find oil for Statoil

Statoil Petroleum AS, operator of production licence 614, has concluded drilling of wildcat well 7324/9-1, which proved gas. The well was drilled approx. 20 kilometres southeast of the 7324/8-1(Wisting) discovery in the Barents Sea and 300 kilometres north of Hammerfest. The well’s primary exploration target was to prove petroleum in reservoir rocks from the Middle Jurassic to Late Triassic Age .... [+ read more] (Realgrunn sub-group). The secondary exploration target was to prove petroleum in reservoir rocks from the Late Triassic Age (the Snadd formation). Well 7324/9-1 encountered about ten metres of gas-filled reservoir rocks in the Stø formation in the Realgrunn sub-group with good reservoir quality. About 50 metres of net reservoir rocks were encountered in the Snadd formation; they were generally of poor reservoir quality, with a few zones with good reservoir quality. Preliminary calculations of the size of the discovery are between 1 and 2 billion standard cubic metres (Sm3) of recoverable gas. Data collection and sampling have been carried out. The well was drilled to a vertical depth of 1060 metres below the sea surface, and was terminated in the Snadd formation. Water depth is 414 metres. The well has now been permanently plugged and abandoned. This is the first exploration well in production licence 614, which was awarded in the 21st licencing round in 2011. Well 7324/9-1 was drilled by the Transocean Spitsbergen drilling facility, which will move on to drill wildcat well 7125/4-3 in production licence 393 B, which is also operated by Statoil Petroleum AS.

7 Aug 2014

Maersk Drilling takes delivery of second giant jackup

Maersk Drilling has taken delivery of its second ultra-harsh environment jack-up, ‘XL Enhanced 2’, from the Keppel FELS shipyard in Singapore on time. The rig will start its mobilisation to the Norwegian North Sea in approximately two weeks, where it will commence a five year contract with Det norske oljeselskap ASA (Det norske) The rig, which will be named at a .... [+ read more] ceremony in Norway in October, is the second in a series of four newbuild ultra harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet in 2014-16. The four jack-up rigs represent a total investment of USD2.6 billion. The first three jack-up rigs, including ‘XL Enhanced 2’, will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016. The total estimated contract value is approximately USD 700 million. Det norske has options to extend the contract up to a total of seven years. The rig will be working on the Ivar Aasen field, which contains approximately 150 million barrels of oil equivalents.

6 Aug 2014

Lundin spuds new exploration well on Alta prospect in Barents Sea

Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that drilling of exploration well 7220/11-1 in PL609 has commenced. The well will target the Alta prospect, which is located some 20 km northeast of the Gohta discovery in the Barents Sea. The main objective of well 7220/11-1 is to prove the .... [+ read more] presence of hydrocarbons in sandstones of Triassic age in addition to carbonates of Permo-Carboniferous age. Lundin Petroleum estimates the Alta prospect to have the potential to contain unrisked, gross prospective resources of 261 million barrels of oil equivalent (MMboe). The planned total depth is 2,393 metres below mean sea level and the well will be drilled using the drilling rig ‘Island Innovator’. Drilling is expected to take approximately 60 days. Lundin Norway holds 40 percent interest in PL609. Partners are RWE Dea Norge AS and Idemitsu Petroleum Norge AS with 30 percent each.

6 Aug 2014

Lundin completes appraisal drilling in Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has completed the first well in its 2014 Malaysian drilling campaign with the successful drilling and testing of Tembakau-2 appraisal well in Block PM307, offshore Malaysia. Tembakau-2 was drilled by the jackup rig ‘West Prospero’ to a depth of 1,450 metres in 68 metres water depth. The well-targeted stacked gas .... [+ read more] reservoirs in Miocene aged sands in a large, low-relief, structure discovered by Lundin Petroleum’s Tembakau-1 well in late 2012. Tembakau-2 is 3.7 kilometres to the south of the discovery well and penetrated 22 metres of gross gas sands in four sand intervals between 900 metres and 1300 metres subsea. The main two reservoirs penetrated were fully cored and the well was comprehensively logged. The reservoir deliverability was measured through production testing. The “I20” sand produced at stabilised flow rate of 15.8 million standard cubic feet per day of gas over a 8 hour period on 64/64” choke and the “I10” sand produced at stabilised flow rate of 15.9 million standard cubic feet per day of gas over a 8 hour period on 72/64” choke. Each perforated interval was 3 metres. The gas produced is dry with approximately 0.5% CO2. Multiple samples were obtained for further laboratory analysis. The data gathered will be analysed and integrated with 3D seismic information to update the current gross contingent resource estimate of gas and to provide reservoir information for conceptual development studies. Ashley Heppenstall, President and CEO, commented; “The appraisal drilling results from Tembakau are positive. We are incorporating the results of the well into an updated resource estimate. We will now move forward in reviewing conceptual development options and I am hopeful that this will lead to another commercial development project in Malaysia.” The well has been plugged and abandoned and the ‘West Prospero’ rig has moved to the Bertam oil field well head platform location, also in PM307, to commence development drilling. Lundin Petroleum holds a 75 percent interest in PM307 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partner is PETRONAS Carigali Sdn. Bhd. with 25 percent interest. Lundin Malaysia BV operates seven blocks in Malaysia, namely PM307, PM308A, PM308B, PM319, SB303and SB307/308.

5 Aug 2014

ConocoPhillips set to use 'Rowan Norway' for well operations on Ekosfisk

ConocoPhillips has received consent from the Petroleum Safety Authority Norway (PSA) to use the ‘Rowan Norway’ mobile drilling facility for well operations at Ekofisk 2/4- M in production licence 018. Ekofisk is an oil field lying in 70-75 metres of water in the southern North Sea. The field was produced to tankers until a concrete storage tank was installed in 1973. .... [+ read more] Since then, the field has been further developed with many facilities, including riser facilities for associated fields and export pipelines. The operation is scheduled to start in August 2014. ‘Rowan Norway’ is a jack-up drilling facility built in 2011 at Keppel FELS in Singapore. It is registered in Panama and classified by DnV. The facility received Acknowledgement of Compliance (AoC) on 21 December 2012. The PSA has now granted ConocoPhillips consent in accordance with the application.

5 Aug 2014

Dragon Oil set to take delivery of 'Caspian Driller' in Q3 2014

Dragon Oil in its 2014 interim results has announced that the ‘Caspian Driller’ jack-up rig is expected to arrive into the Cheleken Contract Area in 2H 2014. Upon delivery, the lease and management contract is expected to commence for an initial duration of five years, with an option to extend it for a further period of up to two years. Steps .... [+ read more] are being undertaken to mobilise the ‘Caspian Driller’ in late 3Q 2014 and spud a well using this rig in 4Q 2014. The unit which was originally constructed at CIMC Raffles in China and then transported to the Krasnye Barrikady Shipyard in Russia before being moved to a shipyard in Kazakhstan, where it is undergoing final completion and preparation for commissioning.

5 Aug 2014

ENSCO 5004 leaves Malta

The oil rig ENSCO 5004 today left Malta after spending seven and a half months in Grand Harbour. A local company, Ablecare Oilfield Services Group, co-ordinated all the works needed to enable the rig to be recertified and upgraded. The rig was towed to Malta from Brazil and is now heading for North Africa. Paul Abela, Chairman of Ablecare Oilfield .... [+ read more] Services Group, said: “Our clients were very satisfied with the services we provided and were impressed with Malta’s strategic location in the Mediterranean. “This challenging project was successful thanks to the efficiency and co-operation received from Government and local authorities, and this success has laid the foundation for further projects to be undertaken in Malta.” The extensive work was carried out with the direct deployment of no less than 75 Maltese skilled workers daily, and apart from the foreign contractors over 30 local sub-contractors provided a variety of ancillary support services, like transport, accommodation and catering. All works were carried out on part of the former Malta Shipbuilding site, which was temporarily refurbished to accommodate the services and workers on this specialised project. The project left a significant amount of added value to the economy and the local workforce excelled in meeting oil and gas industry standards, especially the rigorous health and safety requirements of this specialised sector.

4 Aug 2014

PV Drilling signs contract extension with Cuu Long JOC for 'PV Drilling I'

PV Drilling has signed an agreement to implement the extension of the existing contract for the ‘PV Drilling I’ jackup rig with Cuu Long JOC. The contract extension is covers a two year period and begins when the existing contract finishes in Q3 2014. Cuu Long JOC plans to use the unit for development drilling on the Brown Lion and White .... [+ read more] Lion fields in Vietnam. The two year contract marks a landmark for PV Drilling as it’s the first multiple year contract signed by the company for a jackup in Vietnam.

4 Aug 2014

Paragon Offshore completes spin-off from Noble Corporation

Paragon Offshore plc (Paragon) announced today the completion of its spin-off from Noble Corporation plc (Noble) into a separate, publicly-traded company that owns and operates standard specification offshore drilling rigs. On August 1st, 2014, Noble distributed to its shareholders one ordinary share of Paragon for every three ordinary shares of Noble held at 5:00 p.m., New York City time, on the .... [+ read more] record date of the distribution, July 23rd, 2014. No fractional Paragon shares were issued; however, shareholders who would otherwise have been entitled to receive a fractional Paragon share in the distribution instead received cash in lieu of that fractional share. Paragon ordinary shares will begin "regular-way" trading under the symbol "PGN" on the New York Stock Exchange on August 4th, 2014. "We are excited about the completion of the spin-off and the launch of Paragon Offshore," said Randall D. Stilley, President and Chief Executive Officer of Paragon. "Our rich heritage from Noble's ninety-three year history sets the stage for future growth opportunities while enabling us to continue delivering the safe, reliable and cost-effective operations our customers expect. We look forward to a bright future." Paragon will now own and operate 42 offshore drilling rigs (34 jackups, five drillships and three semisubs), one FPSO and conduct contract labour operations on the Hibernia Platform offshore eastern Canada.

4 Aug 2014

Dany-1X exploration well strikes dust

The exploration well Dany-1X (5505/17-18), which was spudded in the western part of the Danish North Sea has been announced as a duster, after confirmation was made by the operator that the well did not encounter oil or gas. Dany-1X was drilled as a vertical well with Upper Cretaceous chalk as the objective. The well terminated in Lower Cretaceous claystone .... [+ read more] at a depth of 2,501 metres below mean sea level. The well was subsequently side tracked in order to acquire core material for geomechanical studies of the Lark Formation. The well was spudded on 4th July 2014 with the jack-up rig ‘ENSCO 72’ at the location 55°24'18.94" N; 05°09'38.02" E , where the water depth is 45 meters. The well is now being plugged and abandoned. Afterwards ‘ENSCO 72’ will be moved to Tyra Southeast B.

4 Aug 2014

Camac Energy announces successful Oyo-8 well

CAMAC Energy Inc. (CAMAC) announced today the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well commenced drilling operations on June 15th, 2014 and has both a vertical and a horizontal section. The vertical section was designed to test for additional hydrocarbons in the previously undrilled Eastern fault block of the Oyo field. .... [+ read more] CAMAC is pleased to announce Oyo-8 was drilled to a total depth (TD) of 6,059 feet, and successfully encountered four new oil and gas reservoirs with total gross hydrocarbon thickness of 112 feet based on results from the logging-while-drilling (LWD) data, reservoir pressure measurement, and reservoir fluid sampling. The well will now be completed horizontally as a producing well in the Pliocene formation of the Central Oyo field. Oyo-7, which was successfully drilled in October 2013, will also be completed horizontally in the Pliocene formation of the Central Oyo field.

1 Aug 2014

Whio-1 well drilling ahead at over 1,000m

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 06:00 hours (local time) on Friday 1st August 2014, the Whio-1 well was drilling ahead at a depth of 1,049m MDRT in the 16” hole section. Whio-1 is being drilled from the semi-submersible drilling rig ‘Kan Tan IV’ at .... [+ read more] a surface location 110 km south-west of New Plymouth, Taranaki, New Zealand and 4.5 km south-east of the Maari well-head platform. The well has a planned total depth of 2,879m MDRT (2,754m TVDRT) and the well path will be deviated northwards from the surface location to avoid possible shallow drilling hazards above the subsurface targets. The primary reservoir objectives at Whio are the M2A Sandstone and Mangahewa Formation which are oil bearing in the Maari Field. Secondary reservoir objectives are the Moki, Kaimiro and Farewell formations. Cue’s assessment of Whio indicates mean unrisked prospective resources of 18 million barrels of oil (100% basis). The close proximity of Whio to existing production infrastructure at the Maari Field provides potential opportunities for early development of any discovered petroleum. A successful well at Whio will open additional exploration potential along the Tasman Ridge to the south of Maari, including the Matariki prospect.

1 Aug 2014

Energy Drilling secures first contract for 'Edrill-1'

PTT Exploration & Production Public Co. Ltd (PTTEP) has executed an agreement fixing high specification tender rig ‘EDrill-1’ for a firm term of three years. The transaction was made effective on 1st August 2014 with the Bongkot Program commencement date set for October 2014. ‘EDrill-1’ was handed over to the Operations Preparation group in April 2014 and has been undergoing trial .... [+ read more] rig up and rig down exercises at COSCO Guangdong shipyard. The rig’s light-weight Drilling Equipment Set (DES) erects in three major heavy lifts and is ideally suited to the fast paced Gulf of Thailand infield drilling programs. Marcus Chew – CEO of Energy Drilling commented that “This contract marks the important first step for Energy Drilling towards establishing itself as a reputable provider of tender rig solutions. We are most honoured that it is awarded by PTTEP, a well-respected pioneer in the use of tender rigs in the Gulf of Thailand. We are confident that our experienced crew and superior design will result in consistent and optimal drilling performance for our client.”

1 Aug 2014

Honghua Group to provide drilling packages for Tiger drillships

Honghua Group Ltd. (Honghua), is pleased to announce that it has entered into a sales agreement with Shanghai Shipyard Co., Ltd. (Shanghai Shipyard) on 31st July 2014 for the sale of drilling packages for TIGER series drilling ships, ‘TIGER III’ and ‘TIGER IV’, worth over USD56 million, after the successful cooperation for ‘TIGER I’ and ‘TIGER II’. Pursuant to the .... [+ read more] Agreement, Honghua will deliver the drilling packages to Shanghai Shipyard in the end of 2015, equipped with a large amount of self-developed technologies and new products by Honghua which will significantly increase the efficiency of rigs and the stability of drilling ships.

1 Aug 2014

'Setty' jackup completes first 10 development wells in Gabon

Total Gabon has released its financial information for the first half of 2014 and an update on its development drilling program on the Anguille field. The Setty jackup owned and operated by the Egyptian Drilling Company (“EDC”) has completed the first ten development wells on the Anguille field redevelopment project. The unit which has been contracted by Total since 2012 has .... [+ read more] drilled eight production wells and two injection wells, all of which are now operational. A total of 21 wells are expected to be drilled on Anguille. The jackup is performing drilling operations whilst connected to the Anguille Marine Nord (“AGMN”) platform.

31 Jul 2014

Genel spuds SM-1 exploration well in Morocco

Genel Energy’s partner Serica Energy plc (Serica) has confirmed the spudding of the SM-1 well in Morocco. The ‘Noble Paul Romano’ semisub spudded the well, located on the Sidi Moussa licence at 23:10 hours on 30th July 2014. The well is approximately 60km off the west coast of Morocco in 990m of water and is anticipated to take between 60 to .... [+ read more] 90 days to complete operations.

30 Jul 2014

Northern Offshore confirms Rosneft contract for 'Energy Endeavour'

Northern Offshore, Ltd. (NOF) today announced that the company has finalized a 2 ½ year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd. (NADL), for the provision of the jackup drilling rig ‘Energy Endeavour’. According to the agreement, any break rights expire after 100 days, after which the contract will commence in direct continuation upon the release .... [+ read more] of the rig by the current client. The company estimates the contract value to be in excess of USD150 million, exclusive of any mobilization fees. Gary W. Casswell, Northern Offshore’s president and CEO, said “This is an exciting opportunity for the company, and we are delighted that Rosneft has selected Northern Offshore and the Energy Endeavour for this program. We look forward to working with them and achieving a safe and successful drilling campaign.”

30 Jul 2014

Rosneft contracts a number of rigs from NADL

North Atlantic Drilling Ltd. (NADL) has announced the signing of six binding offshore contracts with Rosneft Oil Company (Rosneft). The total revenue potential for the six contracts exclusive of mobilization is approximately USD4.25 billion. According to the agreement, any break rights expire after 100 days. The executed contracts include five year contracts for the ‘West Navigator’, the ‘West Rigel’, the ‘West .... [+ read more] Alpha’, two newbuild CJ-54 class rigs, and a 2.5 year contract for Northern Offshores ‘Energy Endeavour’ Gusto class jackup rig. These contracts commence in Russian waters from 2015 through 2017. These binding contracts are consistent with the provisions of the Investment and Cooperation Agreement between Seadrill, NADL and Rosneft announced on May 24th, 2014. The ‘West Alpha’ is already in Russia and is drilling for ExxonMobil under its partnership with Rosneft. The two CJ-54 newbuild jackups are yet to be identified, the only two units currently being built to this specification are being constructed for Malta Oil & Gas Ltd at Drydocks World in Dubai and it has not been confirmed whether or not NADL has struck a deal to buy these newbuilds.

30 Jul 2014

Statoil given go ahead to spud 2/4-22 S well in PL 146

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 2/4-22 S, cf. Section 8 of the Resource Management Regulations. Wellbore 2/4-22 S will be drilled from the Mærsk Gallant drilling facility at position 56°42' 58.12'' north and 3°10' 3.11'' east. The drilling programme for wellbore 2/4-22 S relates to drilling of a wildcat well in .... [+ read more] production licence 146. Statoil Petroleum AS is the operator with an ownership interest of 77.8 per cent. The other licensee is Total E&P Norge AS (22.2 per cent). The area in this licence consists of parts of the 2/4 block. The well will be drilled about 20 kilometres north of the Ekofisk field. Production licence 146 was awarded on 8 July 1988 (12th licensing round on the Norwegian shelf). This is the thirteenth well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

30 Jul 2014

NPD grants Statoil permit to drill 7324/9-1 well in PL 614

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7324/9-1, cf. Section 8 of the Resource Management Regulations. Wellbore 7324/9-1 will be drilled from the Transocean Spitsbergen drilling facility at position 73° 19' 29.28'' north and 24° 50' 24.24'' east. The drilling programme for wellbore 7324/9-1 relates to drilling of a wildcat well in production .... [+ read more] licence 614. Statoil Petroleum AS is the operator with an ownership interest of 60 per cent. The other licensee is Idemitsu Petroleum Norge AS (40 per cent). The area in this licence consists of blocks 7324/9 and 7325/7. The well will be drilled about 20 kilometres southeast of the 7324/8-1 oil discovery and about 300 kilometres north of Hammerfest. Production licence 614 was awarded on 13 May 2011 (21st licensing round on the Norwegian shelf). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

30 Jul 2014

DNO granted right to spud Kvitvola exploration well in PL 553

The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 34/7-36 S, cf. Section 8 of the Resource Management Regulations. Wellbore 34/7-36 S will be drilled from the Borgland Dolphin drilling facility at position 61° 21' 46.02'' north and 2° 18' 20.84'' east, after completing drilling of wildcat well 31/10-1 for Tullow Oil Norge AS in .... [+ read more] production licence 507. The drilling programme for wellbore 34/7-36 S relates to drilling of a wildcat well in production licence 553, where Det norske Oljeselskap ASA is the operator with an ownership interest of 40 per cent. The other licensees are Svenska Petroleum Exploration AS (35 per cent) and Bayerngas Norge AS (25 per cent). The area in this licence consists of parts of block 34/7 and parts of block 34/8. The well will be drilled about ten kilometres west of the Visund field and 130 kilometres west of Florø. Production licence 553 was awarded on 19 February 2010 (APA 2009). This is the first well drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

29 Jul 2014

Apache strikes gas at Phoenix South-1

Carnarvon Petroleum Limited (Carnarvon) is pleased to advise that gas and indications of associated liquid hydrocarbons were observed in the Phoenix South-1 well prior to a drill bit failure, which has necessitated the drilling of a minor side-track around a small portion of the well bore. In the past two weeks Apache Energy, the Operator of the Phoenix South-1 well, had .... [+ read more] drilled to a depth of 4,321 metres Measured Depth (MD) and, as at 06:00 hours this morning, the well was preparing to side-track at around 4,000 metres MD to complete the drilling to the expected Total Depth (TD) of 4,500 metres. The primary target within the Early to Middle Triassic Lower Keraudren Formation sands was intersected as expected at approximate 4,160 metres MD, around 10 metres high to prognosis. Elevated gas readings were observed through this sand, with gas peaks being encountered from around 4,170 metres as the sands being drilled were cleaning up.

29 Jul 2014

Saipem announces raft of new offshore drilling contracts

Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately USD850 million of which USD540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara Bakau B.V. a contract for the utilisation of the ‘Scarabeo 7’ which will be operating offshore Indonesia .... [+ read more] drilling a minimum of 12 wells; the project is estimated to be completed in first quarter 2017. The vessel will remain under contract with Eni until February 2018. ‘Scarabeo 7’ is a fifth generation semi-submersible drilling rig, capable of operating in water depths of up to 5,000 feet. Furthermore, in West Africa the contract for the ‘Scarabeo 3’ has been extended to March 2015. ‘Scarabeo 3’ is a second generation semi-submersible drilling rig, with capacity to operate in water depths of up to 1,500 feet. In addition, NDC has extended the contract for the jack-up rig ‘Perro Negro 2’ for 24 months, starting from January 2015, for activities in the Arabian Gulf. In Ecuador, EP Petroamazonas has extended by 10 months the charter of the jack-up rig ‘Ocean Spur’, operated (not owned) by Saipem until the end of the first quarter of 2015. Both these jack-up are rigs capable to operate in water depths of up to 300 feet.

28 Jul 2014

TAO-1 well fails to find hydrocarbons

Tangiers Petroleum Limited (Tangiers) provides the following update on the TAO-1 exploration well located in the Tarfaya Offshore Block, Morocco. The TAO-1 exploration well has intersected the shallowest and secondary objective, Assaka. Based on currently available information, no hydrocarbon shows have been encountered. A full petrophysical evaluation of the Assaka objective will be carried out at section TD. Drilling operations continue .... [+ read more] as planned towards the primary and largest objective, Trident. The TAO-1 exploration well has been designed to test Trident at its optimal location. Tangiers’ interpret that success at Trident is not co-dependent on the results from Assaka.

28 Jul 2014

Drilling resumes at FAN-1 well in Senegal

FAR Ltd (FAR) wishes to advise that drilling has resumed on the FAN-1 well offshore Senegal. FAR had previously announced a modification to the Senegal drilling programme in order to incorporate essential maintenance. FAR holds 15% and is in a Joint Venture with Cairn (40%) and Operator, ConocoPhillips (35%) and Petrosen (10%). Drilling to date on FAN-1 has reached a depth .... [+ read more] of approximately 3,000 metres. The well is planned to be drilled to a depth of approximately 5,300 metres. The second Senegal well, SNE-1 is currently suspended and drilling will resume on completion of the FAN-1 well. SNE -1 has been drilled to a depth of approximately 1,900 metres and will be drilled to a total depth of approximately 3,300 metres. FAR managing director, Cath Norman, said, “These two wells offshore Senegal have the potential to radically alter the prevailing international view of the hydrocarbon potential of Senegal where no offshore wells have been drilled for more than 20 years. The two well program in the Atlantic margin is being closely monitored bymany international oil and gas players because of the large prospect sizes being drilled and the potential for numerous nearby follow up targets in the event of success.

28 Jul 2014

PSA conducts audit of 'COSL Promoter'

The Petroleum Safety Authority Norway (PSA) conducted during the period from 24th June to the 3rd July 2014, an audit of COSL Drilling Europe A/S’s (CDE) drilling rig ‘COSLPromoter’. The objective of the audit was to follow up on whether CDE had implemented a system that maintains the requirements for risk management in accordance with the regulations. The PSA identified a .... [+ read more] discrepancy related to the documentation for preparedness; it also identified improvements related to risks and barrier management, update documentation, emergency manual, emergency barriers, simulator training and maintenance.

25 Jul 2014

'Deepsea Atlantic' to plug well on Gullfaks South

Statoil has received consent to use ‘Deepsea Atlantic’ for permanent plugging of well 34/10-52A/B at Gullfaks Sør. Gullfaks Sør lies due south of Gullfaks in the northern part of the North Sea. The field has been developed using a total of 12 subsea templates tied back to the Gullfaks A and Gullfaks C facilities. Expected start-up of the operation is mid-August .... [+ read more] 2014, with a duration of approx. 16 days. ‘Deepsea Atlantic’ is a drilling facility of the MODU GVA 7500 type and is operated by Odfjell Drilling AS. The facility was completed in 2009, is registered in Norway and is classified by DNV.

24 Jul 2014

'Kan Tan IV' spuds Whio-1

Cue Energy Resources Ltd (Cue) has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that the Whio-1 exploration well spud at 21:45 hours (local time) on 23rd July. The rig came on contract on 19th July and was towed 40 km from the previous location arriving at the Whio location on 20th July. Whio-1 is .... [+ read more] being drilled from the semi-submersible drilling rig ‘Kan Tan IV’ at a surface location 110 km south-west of New Plymouth, Taranaki, New Zealand and 4.5 km south-east of the Maari well-head platform. The well has a planned total depth of 2,879m MDRT (2,754m TVDRT) and the well path will be deviated northwards from the surface location to avoid possible shallow drilling hazards above the subsurface targets. The primary reservoir objectives at Whio are the M2A Sandstone and Mangahewa Formation which are oil bearing in the Maari Field. Secondary reservoir objectives are the Moki, Kaimiro and Farewell formations. Cue’s assessment of Whio indicates mean unrisked prospective resources of 18 million barrels of oil (100% basis). The close proximity of Whio to existing production infrastructure at the Maari Field provides potential opportunities for early development of any discovered petroleum. A successful well at Whio will open additional exploration potential along the Tasman Ridge to the south of Maari, including the Matariki prospect.

24 Jul 2014

COSCO delivers new jackup rig to China Oilfield Services Ltd

The Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that COSCO (Nantong) Shipyard Co., Ltd (COSCO Nantong), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one (1) jack-up rig, ‘KAI XUAN YI HAO’ (Excellence 1), to its Asian buyer. The jackup which was successfully completed on the 30th June 2014, has now .... [+ read more] been handed over to its operator China Oilfield Services Ltd (COSL). The unit formerly known as the ‘KS Orient Star 1’ was purchased by ICBC Financial Leasing Co.Ltd and chartered for a five year period by COSL.

24 Jul 2014

Diamond announces new 'Ocean Onyx' contract and sale of 'Ocean Spartan'

Diamond Offshore Drilling, Inc. (Diamond) has announced the signing of a new contract for its recently rebuilt ‘Ocean Onyx’ semisub. Upon completion of its current contract with Apache in the US Gulf of Mexico (GoM), the unit will head to Trinidad to drill a single firm well for BG International, earning a dayrate of USD390,000. Diamond also announced the sale of .... [+ read more] the ‘Ocean Spartan’ jackup, the unit has been sold to India’s Mercator Limited (Mercator) who do not plan to use the unit for drilling operations. Mercator are believed to have purchased the 34 year old jackup rig for USD12 million. Meanwhile Diamond also announced delays associated with the delivery of two of its newbuild drillships, the ‘Ocean BlackHornet’ and ‘Ocean BlackRhino’ which were due for delivery in Q3 2014 are now expected to be delivered in Q1 2015.

23 Jul 2014

DNO spuds Heimdalsho prospect in Norway

Det norske oljeselskap ASA (DNO) has announced the successful spudding of the 2/9-5S well targeting the Heimdalsho prospect on PL 494 in Norway on 21st July 2014. Fortis Petroleum, a partner in the license confirmed the spudding of the well by the ‘Maersk Giant’ jackup rig. .... [+ read more]

23 Jul 2014

Transocean Partners LLC launch IPO

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today that it has commenced an initial public offering of 17,500,000 common units representing limited liability company interests pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). All of the common units are being offered by Transocean Partners .... [+ read more] Holdings Limited, a wholly owned subsidiary of Transocean Ltd. The underwriters of the offering are expected to be granted a 30-day option to purchase up to an additional 2,625,000 common units from Transocean Partners Holdings Limited. The common units are expected to trade on the New York Stock Exchange under the ticker symbol “RIGP.” The common units being offered represent a 25.4 percent limited liability company interest in Transocean Partners LLC, or a 29.2 percent limited liability company interest if the underwriters exercise in full their option to purchase additional common units. Transocean Ltd., through Transocean Partners Holdings Limited, will own the remaining limited liability company interests in Transocean Partners. Transocean Partners LLC will initially take majority holdings in the ‘Discoverer Inspiration’ and ‘Discoverer Clear Leader’ drillships and the ‘Development Driller III’ semisub units. The newly listed company also has the first right to offer for ownership of the newbuilds, ‘Deepwater Invictus’, ‘Deepwater Thalassa’, Deepwater Proteus’, Deepwater Pontus’, Deepwater Poesidon’ and ‘Deepwater Conqueror’ units, should Transocean Ltd decide to sell the assets.

23 Jul 2014

Songa Offshore completes sale of Asian semisubs

Songa Offshore SE (Songa Offshore) has today completed the previously announced sale of the ‘Songa Mercur’ and ‘Songa Venus’ rigs to the Opus Offshore Group (Opus Offshore), in line with the press release dated 25th April, 2014. Songa Offshore will retain the cash flow generated between 1st January and 1stJune 2014 while the new rig owners of Opus Offshore and the .... [+ read more] Joint Venture operating company will assume the cash flow from 1 June 2014 onwards. Whilst both units will now be owned by Opus Offshore, they will be operated by a Songa/Opus JV, with the ‘Songa Venus’ now going on a bareboat charter to Opus Offshore until Q2 2015 with a dayrate of USD120,000.

22 Jul 2014

NPD confirms dry well at Lupus prospect

Tullow Oil Norway, AS, operator of production license 507, is in the process of completing the drilling of wildcat well 31/10-1. The well is dry. The well was drilled about 35 kilometers southeast of the Oseberg field in the North Sea. The primary exploration target for the well was to prove petroleum in reservoir rocks of Paleocene .... [+ read more] age (Hermod Formation). The secondary exploration target was to prove petroleum in reservoir rocks in the Ty formation, also this Paleocene age. The well encountered Hermod formation with reservoir rocks of good quality, but they were water bearing. It was not encountered reservoir rocks in the Ty formation. The well is classified as dry. It is performed data collection and sampling. The well is the first exploration well in production license 507 . was awarded in APA 2008. The well was drilled to a vertical depth of 2357 meters below sea level and was completed in rocks of Late Cretaceous age (Shetland group). The water depth is 121 meters. The well will now be permanently plugged and abandoned. Well 31/10-1 was drilled by Borgland Dolphin , which will now proceed to production license 533 in the North Sea to drill wildcat well 34/7-36 S in which the Norwegian oil company ASA is the operator.

22 Jul 2014

Statoil makes small gas discovery with Atlantis prospect

Statoil Petroleum AS, operator of production license 615, has completed drilling of wildcat well 7325/1-1. The well proved gas. The well was drilled about 56 km northeast of oil discovery 7324/8-1 in the Barents Sea, 360 km north of Hammerfest. The primary exploration target for the well was to prove petroleum in reservoir rocks of Middle Triassic (Kobbe formation). The .... [+ read more] secondary exploration target was to prove petroleum in reservoir rocks of Middle and Early Triassic (Snadd and hooded seal formations). Well 7325/1-1 encountered about ten meters sandstone with traces of hydrocarbons in the Kobbe formation. Reservoir properties were poor. There were also encountered approximately 55 meters of net reservoir rock in Snadd formation which ten meters was filled with gas. Poor reservoir properties in the Kobbe and Snadd formation prevented the creation of pressure gradients. There was no evidence of sandstone in Klappmyss Formation, however, it was discovered about ten meters gross sandstone of poor quality in the Lower Triassic reservoir rocks (gray seal formation). Preliminary analysis indicates that the discovery is commercial. It is performed data collection and sampling. The well was completed in the gray seal formation at a depth of 2825 m below sea level. The well has been plugged and abandoned. This is the second exploration well in production license 615 . was awarded in the 21th licensing round in 2011. Well 7325/1-1 was drilled by the 'Transocean Spitsbergen' . The drilling rig will now proceed to production license 614 to drill wildcat well 7324/9-1.

22 Jul 2014

NPD confirms Lundin discovery with Gohta wells

Lundin Norway AS, operator of production license 492, is in the process of completing the drilling of appraisal well 7120/1-4 S in oil discovery 7120/1-3 (Gohta). The discovery was proven in 2013 in reservoir rocks of Permian age and are drilled about 35 kilometers north of the Snøhvit field in the Barents Sea. Before the well 7120/1-4 S was .... [+ read more] drilled, the operator's resource estimate for the discovery of between 10 and 23 million Sm 3 of recoverable oil and between 8 and 15 billion Sm 3 of recoverable gas. The objective of well 7120/1-4 S was to delineate 7120/1-3. The well encountered ten feet Upper Permian limestone conglomerate with good reservoir quality over fractured limestone with limited reservoir quality. The conglomerate zone containing gas and condensate. In the dense limestone under there were traces of oil. In deep corresponded oil grooves in the appraisal of the oil zone in the discovery well 7120/1-3. There are extensive data collection and sampling. In addition, there have been two formation tests. First, an attempt was tested a 50 meter zone 23 meters below the estimated gas / oil contact, then the ten-meter-thick gas zone. During the test the oil zone were produced 170 000 Sm 3 gas / day. Pressure build-up showed that drained from a porous reservoir. This is due to lack of seal between the gas and oil zone on the outside of the casing. The test in the oil zone is therefore not definitive. The test in the ten-meter thick gas and condensate zone showed a production of 700 000 Sm 3 gas and 140 Sm 3 of oil per dagtilsvarende one GOF of 5000 m 3 / m 3 . The pressure increase shows that the production test drained from an area extending a minimum of 1,000 feet in radius from the well. DST test confirmed good production properties in limestone conglomerate. Preliminary estimates of the size of the discovery is still between 10 and 23 million Sm 3 of recoverable oil and between 8 and 15 billion Sm 3 of recoverable gas. This is the second exploration well in production license 492 (link to facts page). The license was awarded in APA 2007. The appraisal well was drilled to a vertical depth of 2490 meters below the sea surface, and was terminated in char formation in the Upper Permian. The water depth is 331.5 meters. The well will now be plugged and abandoned. The well was drilled by 'Island Innovator' who will now proceed to production license 609 in the Barents Sea to drill wildcat well 7220/11-1, also with Lundin Norway AS as operator.

21 Jul 2014

Tullow hits dust with Lupus-1 wildcat

Tullow Oil plc (Tullow) today announces that Tullow Oil Norge AS, operator of the production licence PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1) which will now be plugged and abandoned. The well is located 35 km south east of the Oseberg Sør Field and 110 km west of the island of Sotra in the North Sea. .... [+ read more] This is the first well in production licence PL 507. The primary objective of the Lupus-1 wildcat exploration well was to find hydrocarbons in the Paleocene Hermod Formation in a stratigraphic trap. The well also targeted reservoir quality sandstones of the Paleocene Ty Formation of the Rogaland Group. The well found good quality sandstones in the Paleocene Hermod Formation but no hydrocarbons were encountered. No sandstones were found in the Paleocene Ty Formation. The well will now be plugged and abandoned and well data gained will be used to calibrate geological and geophysical uncertainties and reduce risks in future exploration wells. The well was drilled to a Total Depth of 2,357 metres by the semi-submersible ‘Borgland Dolphin’ rig in a water depth of 121 metres. Tullow Oil Norge AS is the operator of production licence PL 507 with 60% equity (40% paying interest). The other partners are Explora Petroleum (20%),Ithaca Energy (10%) and North Energy (10%).

21 Jul 2014

AWE releases 'Kan Tan IV' following P&A work

AWE Limited (AWE), operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that plug and abandonment operations for the Oi-1 and Oi-2 exploration wells have been completed and that the ‘Kan Tan IV’ drill rig was released at 13:00 hours (1.00 pm) NZDT on Saturday, 19th July 2014. .... [+ read more]

21 Jul 2014

GDI announces new contract award from Qatar Petroleum

Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, announced that they have been awarded a new contract by Qatar Petroleum for a new hi-spec premium jack-up rig starting in the 2nd quarter in 2016. The brand new rig, recently named ‘Halul’, will become the 4th jack-up rig in GDI’s fleet .... [+ read more] to be under contract to QP, for an initial term of five years and having an estimated contract value of QR1.2 Billion. The other three GDI jack-up rigs under contract to QP are ‘Al Doha’, ‘Al Zubarah’ and ‘Dukhan’. GDI has identified a renowned international shipyard with a rig suitable to QP which will be delivered within the specified time frame and is in the process of finalizing its order. GDI’s chief executive officer, Mr Ibrahim J. Al Othman said: “GDI is pleased to have received this important award from QP which will be starting work mid 2016. This new business generated by “Halul” will support our growth plan in 2016, which will in turn support our long term revenue growth.”. “GDI’s favorable reputation has been earned over time through the strong partnerships that have been forged with all our clients, where flexibility to customize our services to meet the client’s specific requirements has always been emphasized. I must also mention my appreciation and thanks to H.E. Dr. Mohamed Bin Saleh Al-Sada, Minister of Energy and Industry, QP Chairman and Managing Director, for his continuous support to GDI and the respective departments of QP. My thanks also goes to GDI Board of Directors for their guidance and support” Mr. Al Othman added. The key features of the new rig “Halul” will be a 1.5 million pound derrick, 150 man accommodation, 75 foot cantilever outreach, 7,500 horse power mud pumps and other customizations required by QP. Adding another state of the art rig to GDI’s fleet will serve the dual purpose of raising the Company’s technical capabilities while reducing the average age of its fleet. GDI’s versatility will also be enhanced with four of its six cyber rigs capable of operating anywhere within the offshore areas of the State of Qatar. The rig in question is believed to be the ‘Clearwater Jackup TBN 2’, which is currently under construction at KeppelFELS in Singapore and due for delivery in Q1 2016. Clearwater recently sold one its under construction jackups to the Arabian Drilling Company (ADC), which has been renamed ‘AD 70’.

21 Jul 2014

ExxonMobil spuds Domino-2 well in Romania

ExxonMobil Exploration and Production Romania Limited, a subsidiary of Exxon Mobil Corporation and OMV Petrom (OMV Petrom) announces commencement of drilling at Domino-2 in the Neptune deepwater block in the Romanian sector of the Black Sea. Data collected during the drilling program will be used to assess the size and commercial viability of the reservoir gas exploration well discovered Domino-1, in .... [+ read more] 2012. "If the discovery proves to be commercially viable, ExxonMobil will use its global expertise in deep water exploration and expertise in project execution to ensure resource development in a safe, responsible to the environment and in a timely manner" said John Knapp, CEO of ExxonMobil Exploration and Production Romania. As operator for the block deep Neptun Romania ExxonMobil brings vast experience and the latest technology with a long history of safe drilling deep wells throughout the world. "We will use the experience of over 40 years in the shallow waters of the Black Sea to contribute to the success of a pioneering project and Neptune Deep" said Gabriel Selischi, OMV Petrom Executive Board member responsible for Exploration and Production. "We are committed to investing significantly in exploration, development and production of hydrocarbons to ensure domestic oil and gas resources for Romania." Domino-2 is located approximately 200 kilometers offshore and is being drilled drilled in waters with a depth of about 800 meters by the ‘Ocean Endeavour’ semisub.

21 Jul 2014

ICBC to purchase and lease two semisub rigs

Industrial and Commercial Bank of China (ICBC) subsidiary ICBC Financial Leasing, has inked a leasing deal with Schahin Group, a supplier of offshore drilling rigs to Petrobras. The deal was signed on the 17th July 2014 and involves the purchase and leasing of the ‘SS Pantanal’ and ‘SS Amazonia’ semisubmersible drilling rigs. ICBC Financial Leasing will purchase the units for USD1.08 .... [+ read more] billion, with one unit being leased back for eight years and the other for four years.

18 Jul 2014

Santos comes up dry in Vietnam

Santos today announced that alongside its partner Murphy Oil, the Hon Khoai-1 exploration well in Vietnam’s Nam Con Son basin was unsuccessful. The wildcat well was targeting an oil discovery in Block 13/03 and was spudded on the 27th April 2014 and reached a total depth of 2,135 metres. The well has been plugged and abandoned. .... [+ read more]

18 Jul 2014

Carnarvon releases Phoenix South-1 well update

Carnarvon Petroleum Limited (Carnarvon) is pleased to report that the Phoenix South-1 well has successfully set the 9 5/8” casing in the side-track well and is drilling ahead. As at 12:00 hours today the well was drilling ahead at approximately 3,750 meters MD in the final hole section. The primary targets for the Phoenix South-1 well are the interbedded sandstones, siltstones .... [+ read more] and claystones of the Middle Triassic Lower Karaudren Formation and Early to Middle Triassic Locker Shale. These sands are expected to be intersected while drilling this final hole section. The well is expected to take approximately three weeks to complete drilling. Following the completion of drilling, extensive wireline logging and both pressure and fluid sampling are planned. These operations will continue for a further week. Carnarvon will provide further updates as the well progresses.

18 Jul 2014

Kongsberg Maritime to deliver technology for Chinese and Korean projects

Kongsberg Maritime's 'Full Picture' solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of NOK330 million. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ) in China, Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea are the shipbuilders that have .... [+ read more] selected KONGSBERG's 'Full Picture' technology deliveries. The new contracts build on a strong 2013 performance in China and Korea where KONGSBERG was chosen for several advanced vessel newbuildings. Kongsberg Maritime will provide sophisticated integrated Dynamic Positioning (DP), Automation, Navigation and Hydroacoustic positioning. Riser management solutions will be supplied by sister company Kongsberg Oil & Gas Technologies. The delivery is for four advanced Offshore Drilling Units, two advanced Accommodation Units, six LNG vessels and one LNG FSRU with Integrated Automation System. One of the contracts with DSIC is for an advanced semisub Drilling Rig of Agility Group A5000 design (‘HAI YANG SHI YOU 982’), for the major Chinese Drilling Contractor, China Oilfield Services Limited (COSL). This contract is an important project for KONGSBERG, strengthening the company's position in the growing Chinese Drilling market.

18 Jul 2014

PSA carries out safety check on 'COSLInnovator'

From 10th to 13th June 2014, the Petroleum Safety Authority (PAS) Norway carried out an audit of Statoil's use of managed pressure drilling using ‘COSL Innovator’ on the Troll field. The objective of the activity was to audit that Statoil, the service providers, drilling contractor and other stakeholders, were planning, performing, and garnering experience from, the MPD operations in accordance with .... [+ read more] their own requirements, regulatory provisions and defined standards. The audit identified one non-conformity in connection with a safety-critical barrier element.

17 Jul 2014

Apache makes gas discovery with Pharos-1

Karoon Gas Australia Ltd (Karoon) has reported that at 0600 WST on 16th July 2014 wireline logging of the Pharos-1 borehole was ongoing. Since the last update, the 6-1/2” hole section was drilled from 4,949mRT to a total depth of 5,220mRT. Final total depth of 5,220mRT was reached at 1940 WST on 10th July 2014. Wireline logging operations commenced on the .... [+ read more] 12th July 2014 and are ongoing at the time of this release. The presence of movable hydrocarbons is supported by petrophysical log interpretation, formation pressure gradients and downhole gas sampling. Preparations for a production test will commence on the completion of the wireline logging program. Pharos-1, the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign is located approximately 9 kilometers north east of Proteus-1 and will be a further test of the Proteus-Crown trend. Pharos-1 is targeting an extension of the discovery made a Proteus-1 which established excellent reservoir quality and condensate bearing gas in the Montara formation. The exploration campaign, operated by ConocoPhillips, is using the ‘Transocean Legend’ semisub rig for the final well. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource withinthe exploration permits which contain the Greater Poseidon trend.

16 Jul 2014

Byron confirms discovery at SM6 #1 well

Byron Energy Limited (Byron) is pleased to announce that electric logs have been run to a depth of 7,600 feet (2,316 metres) measured depth (MD) and 7,508 feet (2,288 metres) true vertical depth (TVD) in the Byron Energy SM6 #1 BP02 (SM 6 #1 BP02) well. These logs indicate a total combined net pay thickness of 70 feet (21.3 metres) MD .... [+ read more] and 68 feet (20.7 metres) TVD in two lobes of the F 40 Sand over a gross interval from 7,430 feet to 7,550 feet (2,265 to 2,301 metres) MD and 7,351 feet to 7,462 feet (2,241 to 2,274 metres) TVD. GC Tracer data indicates that the probable hydrocarbon in these zones is a light condensate. The F 40 Sand encountered in the SM 6 #1 BP02 well is approximately 560 feet (171 metres) up dip from the nearest F 40 Sand intersection. This result is consistent with the Anisotropic Reverse Time Migration (ARTM) pre-drill seismic structural mapping. Current operation at 5 pm on 15 July 2014 (USA Central time) is to spot a heavy pill on bottom before pulling out the electric log tools prior to running of 5 ½ inch intermediate casing. After the 5½ inch casing has been run and cemented Byron plans to drill ahead to the G 20 Sand, the primary reservoir objective. The SM6 #1 BP02 well is located in South Marsh Island Block 6 (“SM 6”), offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA, in a water depth of approximately 65 feet (20 metres). Byron, through a wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and an 81.25% net revenue interest in SM 6.

16 Jul 2014

CNPC discovers oil & gas shows in disputed drilling area

CNPC’s drilling and exploration operation named the Zhongjiannan project was smoothly completed on schedule on July 15th with the oil & gas shows found. In accordance with the work procedures of deep-sea petroleum exploration and development, a comprehensive assessment of hydrocarbon horizons is to be implemented based on the geological and analytical data collected through the drilling and exploration operation. Next .... [+ read more] phase arrangements are subject to the aforesaid comprehensive assessment. CNPC started the drilling of two exploratory wells of Zhongjiannan project on May 2nd this year, and finished the drilling of No.1 exploratory well on May 27th. We started drilling No.2 well on May 28th, and the drilling of this well completed today. The drilling was carried out using the ‘HAI YANG SHI YOU 981’ semisub, run by China Oilfield Services Limited (COSL).

16 Jul 2014

'Pacific Bora' contract extension dayrate decreased

In the latest version of its monthly fleet report, released on the 15th July 2014, Pacific Drilling has announced a reduction in the dayrate for the ‘Pacific Bora’ drillship. The unit, which is expected to begin a two year extension of its current contract with Chevron in Nigeria on the 26th August 2014, is now expected to garner a dayrate of .... [+ read more] USD585,860 compared to the previously anticipated rate of USD615,000. Whilst the rate has been slightly reduced, it will be the second largest rate earned by an operational Pacific Drilling drillship behind the ‘Pacific Khamsin’s’ current rate of USD660,000.

16 Jul 2014

Lundin given approval to use 'Belford Dolphin' at PL 631

Lundin Norway AS has received consent to use the ‘Bredford Dolphin’ mobile drilling facility to drill and perform production testing of exploration well 33/12-10 S in production licence 631. The activities are planned to start in July/August 2014 and estimated to last 55 days. ‘Borgland Dolphin’ is a semi-submersible drilling facility of the Aker H-3 type. It was built at Harland .... [+ read more] & Wolff in Belfast, Northern Ireland in 1977 and underwent an extensive upgrade in 1999.

16 Jul 2014

OMV makes oil discovery in the Black Sea

OMV Petrom has announced the discovery of a new oil reservoir in the shallow water Istria XVIII permit of the Romanian Black Sea. The Austrian company made the find at the Marina 1 exploration well, located 60 kilometres from shore. The well was drilled to a total depth of 2,150 metres in 50 metres of water at a cost of EUR18 .... [+ read more] million (USD24.37 million). After completion tests have been carried out, the well will be plugged and abandoned. The well was drilled using the ‘GSP Uranus’ jackup rig, which was moved to the area after initially performing workover operations at the Lebada East oil field. OMV Petrom head of exploration and production Gabriel Selischi said: "The Black Sea is an important area for OMV Petrom, an area which continues to have potential for new discoveries. "Currently, production from shallow waters accounts for 18% of the company’s hydrocarbons production in Romania. "We have over 40 years of experience in exploration and production in the shallow waters of the Black Sea and we will continue to invest in the development of the offshore segment."

16 Jul 2014

RWE-DEA given approval to use 'Leiv Eiriksson' to drill Atlas prospect

RWE-DEA Norge AS has received consent to carry out exploration drilling of well 35/9-X S Atlas in production licence 420 in the North Sea using the ‘Leiv Eiriksson’ mobile drilling facility. Water depth at the site is around 358 metres and it is around 81 kilometres south-west of Florø. Drilling is planned to begin in mid-August 2014, with a duration of .... [+ read more] approx. 66 days, depending on whether a discovery is made. ‘Leiv Eiriksson’ is a semi-submersible drilling facility of the SS Trosvik Bingo 9000 type. ‘Leiv Eiriksson’ received the PSA's Acknowledgement of Compliance (AoC) in July 2008.

15 Jul 2014

Byron Energy nears completion of SM6 #1 well in USA

Byron Energy Limited (Byron) advises that at 4.00 pm on 14th July 2014 (USA Central time) the Byron Energy SM6 #1 BP02 well (“SM6 #1 BP02”) was preparing to run electric logs prior to running and cementing 5½ inch intermediate casing at 7,861 feet (2,396 metres) measured depth and 7,752 feet (2,363 metres) true vertical depth. Several hydrocarbon shows were encountered .... [+ read more] before reaching intermediate casing point depth. The commercial significance of these shows will be evaluated after the electric logs are run. The primary target, the G 20 Sand, is still several hundred feet below the current depth of the intermediate casing point. After the 5½ inch casing has been run and cemented Byron plans to drill ahead to the G 20 Sand. The SM6 #1 BP02 well is located in South Marsh Island Block 6 (“SM 6”), offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA, in a water depth of approximately 65 feet (20 metres). Byron, through a wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and an 81.25% net revenue interest in SM 6. Drilling operations were carried out by Spartan Offshore Drilling’s ‘Spartan 202’ jackup rig.

15 Jul 2014

AWE plugs Oi-2 exploration well in New Zealand

Pan Pacific Petroleum (PPP) has been advised by AWE, the Operator of permit PMP38158 that the Oi-2 exploration well, which is being drilled by the semi-submersible drilling rig ‘Kan Tan IV’, that as of 06:00hrs operations are proceeding to plug and abandon Oi-2 after which the rig will then abandon Oi-1 prior to release. .... [+ read more]

15 Jul 2014

Shell announces major new discovery in the Gulf of Mexico

Shell today announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring this Jurassic play. “The Rydberg discovery builds upon our leadership position in the Eastern .... [+ read more] Gulf of Mexico and its proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin Odum, Shell Upstream Americas Director. “These successes represent the emergence of another hub for Shell’s deep-water activities that should generate shareholder value.” The Rydberg well is located 75 miles (120 kilometres) offshore in the Mississippi Canyon Block 525 in 7,479 feet (2,280 metres) of water. It was drilled to a total depth of 26,371 feet (8,038 metres) and encountered more than 400 feet (122 metres) of net oil pay. Shell is completing the full evaluation of the well results but expects the resource base to be approximately 100 million barrels of oil equivalent. Together with the Appomattox and Vicksburg discoveries, this brings the total potential Norphlet discoveries to over 700 million barrels of oil equivalent. This is the first discovery for the partnership of Shell (operator, interest 57.2%), Ecopetrol America Inc. (28.5%) and Nexen (14.3%), a wholly-owned affiliate of CNOOC Limited. The discovery is within 10 miles (16 kilometres) of the planned Appomattox development and the 2013 Vicksburg discovery (Shell, operator, 75% and Nexen, 25%). Shell and Nexen are following up the Rydberg discovery with an exploratory well at Gettysburg, located in Desoto Canyon Block 398 which is also within 10 miles (16 kilometres) of the planned Appomattox Development. The Rydberg well was drilled by the ‘Noble Globetrotter I’ drillship, which is currently repositioning itself to drill the Gettysburg exploration well.

14 Jul 2014

Tangiers releases brief TAO-1 well update

Tangiers Petroleum (Tangiers) has provided the briefest of updates on the TAO-1 exploration well offshore Morocco, operated by Portuguese explorer Galp Energia. It told investors: “No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced.” It gave no information as to the depth .... [+ read more] or the formation currently being drilled as TAO-1 has been designated a “tight well”, which means the data is being kept under wraps. Drilling began on June 26th and is targeting a huge hydrocarbon bounty of 758mln barrels of oil equivalent, or 190mln barrels net to the AIM and ASX-listed group. The TAO-1 well is located within a proven petroleum system and is next to the Cairn Energy and Genel Cap Juby heavy oil discovery. The well is the very definition of a company-maker, particularly when you consider the Tangiers has a market capitalisation of just under UKGBP30 million. A 110-metre oil column was discovered on Cap Juby; however, the crude was of the heavy variety, which is more difficult to extract and transport. Tangiers believes, because of the geology of the area, that it has a much better chance than its neighbour of discovering lighter crude.

14 Jul 2014

Olinda Star semi-submersible contracted  for Santos Basin appraisal and exploration drilling campaign

Karoon is pleased to announce the Company has executed final agreements with members of the QGOG Constellation S.A. Group for contracting the Olinda Star semisubmersible drilling rig. The Olinda Star has been contracted to complete up to four wells in Karoon’s 65% owned and operated Santos Basin blocks, S-M-1037, 1101, 1102, 1165 and 1166. The rig contract consists of two firm wells .... [+ read more] (the Kangaroo-2 appraisal wells and the Kangaroo West-1 exploration well) and two option wells. The drilling campaign is expected to commence during September 2014 with the Kangaroo-2 appraisal well. Executive Chairman, Robert Hosking comments: “The primary objective of the drilling campaign is the appraisal of the Kangaroo oil discovery. The Kangaroo-2 appraisal well is designed to confirm the size of the oil column, reservoir continuity and properties, and flow rates for the Kangaroo oil discovery. This information will be crucial for assessing the commerciality of the Kangaroo field, and on success, will be the basis for the Front End Engineering and Design phase.” The rig contract provides Karoon with two firm wells plus two option wells allowing maximum flexibility for further appraisal of the Kangaroo discovery, including testing and appraisal of the Kangaroo West prospect in the event of successful drilling.

14 Jul 2014

Transocean Barents to Stord

The H-6e drilling rig Transocean Barents will arrive Kvaerner's facilities at Stord this week for a two month yard stay. The main purpose of the stay is the five year classification of the rig, as well as upgrade and modification work. When the rig arrives, it will first spend a couple of days in the fjord outside Kvaerner's Stord facility. .... [+ read more] Once quayside, the campaign is expected to last for approximately two months. After the inshore work, there will be a short period of sea trials in Klosterfjorden. The Transocean Barents is an Aker H-6e sixth generation dual activity dynamically-positioned semi-submersible drilling rig designed to operate in harsh environments and water depths up to 10 000 feet. The rig was one of two drilling platforms of the H6-e design delivered from Stord in 2009. The twin rigs, Transocean Barents and Transocean Spitsbergen, have become known as state-of-the-art drilling rigs with high and stable performance. In 2012, Transocean Barents made the Havis discovery in the Barents Sea. Recently, it made yet another discovery on OMV's operated Hanssen exploration well in the Barents Sea.

14 Jul 2014

Drilling commences on the 43/13b-7 Pegasus West well on UK Licence P1724

Atlantic Petroleum (NASDAQ OMX: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces that drilling of the Pegasus West well 43/13b-7 has commenced on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in a water depth of about 95 feet. Pegasus West is being drilled approximately 7 km WSW of the .... [+ read more] 43/13b-6Z Pegasus North discovery well. This well was drilled in 2010 by Centrica Energy and Volantis Exploration, now a subsidiary of Atlantic Petroleum, and was plugged and abandoned in January 2011 having encountered gas in the Carboniferous. The Pegasus West prospect lies in the Southern North Sea, close to the producing Cavendish Field, and has a Carboniferous gas target. The rig is expected to be on location for over two months. The well is operated by Centrica Energy who hold a 55% interest in the licence. Atlantic Petroleum holds 10% equity and the remaining equity 35% is held by Third Energy Offshore. Ben Arabo, CEO, stated: “We are very pleased to announce the spud of the Pegasus West well. The well is designed to delineate the extent of the Pegasus Field, and if successful help to de-risk any future Pegasus development. This is Atlantic Petroleum’s third of four exploration wells in our planned 2014 drilling programme."

11 Jul 2014

VNG completes appraisal and exploration drilling on Pil and Bue prospects

VNG Norge AS, operator of production licence 586, is about to complete drilling of appraisal well 6406/12-3 B on the 6406/12-3 S (“Pil”) oil and gas discovery, as well as the 6406/12-3 A wildcat well on the “Bue” prospect. The discovery was proven in Upper Jurassic reservoir rocks in the spring of 2014. The 6406/12-3 B appraisal well and 6406/12-3 A .... [+ read more] wildcat well were drilled 1.7 and 2.1 kilometres, respectively, northwest of the discovery well 6406/12-3 S. Before 6406/12-3 B was drilled, the operator’s resource figures for the discovery were between 6 and 21 million standard cubic metres (Sm³) of recoverable oil and between 2 and 6 billion Sm3 of recoverable gas. The objective of 6406/12-3 B was to delineate the discovery in “Pil” to the northeast with regard to spread, thickness and reservoir properties of Upper Jurassic reservoir rocks (Melke and Rogn formations), as well as to determine the oil/water contact. The well encountered an 82-metre oil column in sandstone in the Melke formation with good reservoir quality. The oil/water contact was encountered somewhat deeper than expected. The resource estimate for the oil and gas discovery in 6406/12-3 S (“Pil”) has now been adjusted to between 8.8 and 21.1 million Sm³ of recoverable oil and condensate, as well as between 2.7 and 6.1 billion Sm3 of recoverable gas. The objective of 6406/12-3 A was to examine the spread, thickness and reservoir properties of Upper Jurassic reservoir rocks (Rogn formation) in the “Bue” prospect, as well as to determine the pressure and petroleum/water contact. The well encountered an 18-metre oil column in sandstones from the Rogn formation, with reservoir quality varying from good to very good. Pressure data indicates no communication between the discoveries in “Pil” and “Bue” and the well has therefore proven a separate discovery in “Bue”. Preliminary calculation of the size of the discovery in “Bue” is between 1 and 4 million Sm3 of recoverable oil and condensate. Extensive data acquisition and sampling have been carried out, including fluid samples. These are the second and third exploration wells in production licence 586. The licence was awarded on 4 February 2011 (APA 2010). Wells 6406/12-3 B and A were drilled to vertical depths of 3967 and 3656.5 metres below the sea surface, respectively. Both wells were terminated in the Melke formation in the Upper Jurassic. The water depth is 324 metres. The wells will be permanently plugged and abandoned. Wells 6406/12-3 B and A were drilled by the Transocean Arctic drilling facility, which will now proceed to production licence 555 in the northern part of the North Sea to drill wildcat well 33/2-1, where Lundin Norway AS is the operator.

10 Jul 2014

UMW secures Myanmar contract for 'UMW Naga 5'

UMW OIL & GAS CORPORATION BERHAD (UMW- OG) today announced that its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd (UOD) has been awarded a contract with PTTEP International Limited (PTTEPI) in relation to the Provision of Drilling Rig Services for Block M-3 Appraisal Drilling Campaign 2014. Block M-3 is located at offshore Myanmar. The contract will be performed using .... [+ read more] ‘UMW NAGA 5’, its latest jack-up drilling rig, which is currently under a drilling contract in the Philippines with NIDO Petroleum Pty Ltd. (NIDO). The contract is for five firm wells, (approximately 250 days excluding mobilisation and demobilisation), and may be extended for one optional well thereafter and represents a contract value of approximately USD51.3 million for the firm wells. The rig is expected to be mobilized to Myanmar in August.

10 Jul 2014

Seadrill refinances three ultra-deepwater drillships

Hamilton, Bermuda, July 10, 2014 - Seadrill Limited ("Seadrill" or the "Company") has received commitments from 17 banks for a US$1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a US$900 million facility secured .... [+ read more] by two ultra-deepwater units. However, due to strong interest from the Company's banking group, the facility was upsized to US$1.35 billion by including one additional ultra-deepwater unit in the collateral package. The new loan will be priced at a margin of Libor plus 2% and was substantially oversubscribed, demonstrating the strength of Seadrill's credit in the banking market. This refinancing will provide Seadrill with US$350 million in additional cash. By concluding this transaction the Company will be left with one ultra-deepwater and four jack-up units to be refinanced in 2015 and one ultra-deepwater and four jack-up units in 2016, totalling US$1.2 billion to be refinanced. The Seadrill Group has gone to great lengths to diversify its sources of funding through opportunistic capital raises in the secured ECA, secured bank, unsecured bond, convertible bond, term loan B, and MLP markets. Having access to numerous markets reduces refinancing risk and leads to decreased cost of capital that ultimately maximizes value creation for shareholders. Seadrill's diversified funding strategy has resulted in the Company being in the best possible financial situation in the Company's history, with significant financial flexibility to support the dividend and prepared to act on potentially attractive acquisition opportunities created by the temporary weakness in the market. The Board is pleased with the significant progress made on the financing front over the last twelve months and wants to give credit to management for hard work and solid execution.

9 Jul 2014

Hagaq Qim prospect comes up dry in Malta

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) has informed that the ‘Noble Paul Romano’ rig, that was used to drill the exploration well targeting the Hagar Qim prospect in offshore Malta Area 4, Block 7, completed operations on the 7th July 2014 and has now moved off location. As announced by MOG on 3rd July 2014, MOG has .... [+ read more] received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of Offshore Malta Area 4, Block 7 that the Hagar Qim-1 well has been drilled to the Eocene and plugged and abandoned with no indications of hydrocarbons. The ‘Noble Paul Romano’ will now be mobilised to Morocco, where it will drill an exploration well for Genel.

9 Jul 2014

'Blackford Dolphin' Ireland contract cancelled for 2014

Providence Resources P.l.c., (Providence) the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an operational update on activities in FEL 2/04, FEL 4/08 and FEL 1/14 (the licences), which are all located within Quadrant 35 in the northern Porcupine Basin. Capricorn Ireland Limited (38%, Operator (wholly owned subsidiary of Cairn .... [+ read more] Energy PLC)) operates these licences on behalf of its partners, Providence Resources (32%), Chrysaor E&P Ireland (26%) and Sosina Exploration (4%). The licences, which cover an area of c. 2,000 km2, are located c. 175 km off the west coast of Ireland in water depths of c. 400 metres. The Operator has advised that the Spanish Point appraisal well will not be drilled in 2014, as previously planned. Extensive delays in the refurbishment of the ‘Blackford Dolphin’ drilling rig which had been scheduled to drill the well, mean that drilling operations would not be able to commence until at least October, thereby putting the Spanish Point drilling operations into the winter period. Accordingly, the Operator has advised that the contract with Dolphin for the Blackford Dolphin has been terminated and tendering for another rig to carry out the planned well operations in 2015 has commenced. Separately, the Operator has confirmed that, subject to regulatory approval, a large 3D seismic acquisition programme over blocks 35/13, 35/14, 35/15, 35/18 and 35/19 in FEL 1/14 (Spanish Point South) will go ahead this summer.

9 Jul 2014

Statoil receives consent to use 'Transocean Spitsbergen' to drill Ensis prospect

Statoil has received consent to carry out exploration drilling of well 7125 4-3 Ensis in production licence 393 in the Barents Sea using the ‘Transocean Spitsbergen’ mobile drilling facility. Water depth at the site is approximately 294 metres and it is around 42 kilometres to the nearest mainland at Knivskjelodden in Nordkapp municipality. Drilling is planned to begin in August 2014, .... [+ read more] with a duration of approximately 30 days, depending on whether a discovery is made. ‘Transocean Spitsbergen’ is a semi-submersible drilling facility of the Aker H-6e type. It was built at the Aker Stord yard in 2009, is registered in the Bahamas and classified by DnV. The facility received Acknowledgement of Compliance (AoC) in October 2012.

8 Jul 2014

AWE set to plug Oi-2 duster

AWE Limited AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that the Oi-2 exploration well reached TD at a measured depth of 3,908 metres at 20:45 hours (8.45pm) NZDT on Monday 7th July 2014. The well intersected the primary target Kapuni F10 sands and underlying secondary targets. No significant oil shows were encountered and real time .... [+ read more] well data indicated that the reservoir is water bearing. Preparations are being made to plug and abandon the well. The Oi-2 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres.

8 Jul 2014

Phoenix South-1 Well Update

Carnarvon Petroleum Limited (Carnarvon) reports that the Phoenix South-1 well has commenced drilling operations in the side track wellbore. As at 06:00 hours on 7 July 2014 the well was drilling ahead at approximately 1,960m on the way to the 9 5/8” casing point of around 3,700m. As reported on 23rd June 2014, a new side-track wellbore section of the Phoenix .... [+ read more] South-1 well was required to be drilled below the 13 3/8” casing depth, due to a stuck 9 5/8” casing hangar seal assembly running tool (“casing tool”). In order to retrieve the stuck casing tool, the upper portion of the previously set 9 5/8” casing was cut and retrieved along with the casing tool. The original wellbore was plugged with cement and a new side-track wellbore commenced drilling operations on 5th July 2014. The new side-track wellbore is being drilled at a distance of around 30m from the original wellbore. The positioning and forward plans of the side-track wellbore does not compromise the evaluation of the Phoenix South-1 prospect. At the current time the operator expects drilling to reach its Total Depth (TD) around mid-August and complete well operations by the end of August. At the current time, the estimated additional cost to Carnarvon of the side-track operation is around AUSD6m, based on final costs exceeding the cost cap of USD70 million.

8 Jul 2014

'Al Ghallan' jackup leaves Drydocks World shipyard

Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced the completion of a major refurbishment carried out on National Drilling Company’s (NDC) Offshore Drilling Rig ‘Al Ghallan’. The project is part of a series of four rig repair and refurbishment projects signed with NDC in 2013. Before that, eight projects were completed. The .... [+ read more] numbers of projects carried out for NDC have progressively increased over the years. Mr. Abdalla Saeed Al Suwaidi, Chief Executive Officer of NDC underlined the importance of the modernization projects of the existing rigs in maintaining the best fit-for-service condition while extending its remaining life in the most reliable, safe, and cost-effective way possible. “These major refurbishment projects performed in parallel with the fleet expansion plans to obtain new and advanced offshore and onshore rigs are contributing considerably in strengthening NDC’s operational excellence and sustaining the maximum levels of safety, environment protection and effective performance. This will certainly enable NDC to serve its clients competently and always meet their operational requirements and achieve their satisfaction”, he commented. NDC's CEO expressed his appreciation for Drydocks World for their efforts and commitment to HSE and Quality. Rig Al Ghallan is a Self-Elevating Cantilever Type Mobile Offshore Drilling Unit with three triangular lattice type legs, which are 234 ft long. The work carried out on the rigs include modification of three spud cans of 160 tonnes each, including replacement of cathodic protection, painting, placing height markings, carrying out an inclining experiment and updating the rig’s operating manuals. Nearly 55 tonnes of steel were replaced in the tanks. Major refurbishment was carried out in the Accommodation. The rig’s three cranes were dismantled and overhauled. High pressure Koomey lines were replaced. Pipes around the rig were revamped. An engineering study was carried out based on which the ventilation in the Sewage Treatment Plant and transformer room were improved. Cantilever skidding gears, air hoists, air tuggers, raw water tower elevation system, gears and bearings and dump and equalizing valves were overhauled. Other work included MPI inspection of legs, painting of the derrick and blasting and painting of hull, tanks and mud pits.

7 Jul 2014

Nido set to plug Baragatan-1A well

Nido Petroleum Limited (Nido) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited wishes to advise that the Baragatan-1A well on the 6th July 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled through the primary Pagasa Formation reservoir objective. The primary Pagasa Formation reservoir objective was .... [+ read more] encountered between 2,534 – 2,654 meters Measured Depth (2,209 – 2,305 meters TVD sub-sea) comprising primarily of limestones of poor to good reservoir quality with minor sandstones and siltstones. Preliminary Logging Whilst Drilling (LWD) log data recorded through this interval indicates the reservoir units to contain low gas saturations (C1 to C5) which did not warrant further evaluation or testing. With respect to the two zones of potential interest encountered in the shallower Pagasa Formation, preliminary evaluation of available LWD data indicates the thin sandstones encountered within the gross interval 1,977 - 2,004 meters Measured Depth (1,785 - 1,805 meters TVD sub-sea) are potentially gas-bearing and the limestone encountered over the gross interval 2,207 – 2,236 meters Measured Depth (1,960 – 1,982 meters TVD sub-sea) contains low gas saturations. Both these intervals did not warrant further evaluation or testing. The forward operation is to Plug and Abandon the Baragatan-1A well.

7 Jul 2014

Butch South West comes up dry for Centrica

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisaland production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has reached target depth on the Centrica-operated Butch South West exploration well 8/10-6S which follows up the Butch East well and the Butch Main discovery (Faroe 15%). The Butch Sout West exploration well .... [+ read more] 8/10-6S spudded in early June 2014 and reached total depth of 1,945 metres in the Permian Zechstein salt formation. The well-targeted sandstones of the Upper Jurassic reservoir of the Ula formation and whilst a good quality reservoir was confirmed with a 55 metre gross section, no hydrocarbons were encountered. The Butch South West drilling operations were undertaken by Centrica (40%) using the ‘Maersk Giant’ jackup drilling rig, together with the other joint venture partners Suncor Norge AS (30%) and Tullow Oil Norge AS (15%). Well 8/10-6S will now be plugged and abandoned. The operator is currently working on a development plan for the significant Butch Main discovery, with concept selection expected in early 2015.

4 Jul 2014

Statoil set to suspend 'Scarabeo 5' contract

Owing to overcapacity in its rig portfolio, Statoil will suspend its contract with Saipem for the rig ‘Scarabeo 5’ from the autumn of 2014, provisionally for the remainder of the year. This means that ‘Scarabeo 5’ will be laid up for a brief period. Statoil is planning to re-commission the rig after the turn of the year. The rig is currently .... [+ read more] engaged in operations on Visund and is scheduled to complete its work there in August. The period for which the rig is being taken out of operation is equivalent to less than 3 % of Statoil’s drilling capacity on the Norwegian continental shelf (NCS) this year. “We subject our rig portfolio to continuous assessment, so that we are sure of having the right rig on the right job at all times,” says Tore Aarreberg, head of rig procurement. “We are planning for the rig to be in operation again after the turn of the year. We are pleased with Saipem as a supplier. They help us reach our goals, and we have a good cooperation with the supplier.” The rig is on contract until 2017 and will be used for the drilling and completion of production wells on various NCS fields, thus boosting recovery from existing fields. Taking ‘Scarabeo 5’ out of commission for a brief period will not affect Statoil’s production targets or planned exploration activities on the NCS. In 2014 the company will still be drilling 20-25 exploration wells on the NCS. Out of these 20-25, Statoil will be the operator of approximately two-thirds of the wells.

3 Jul 2014

Newbuild 'UMW Naga 7' jackup secures Philippines contract

UMW OIL & GAS CORPORATION BERHAD (UMW-OG) today announced that its wholly-owned subsidiary UMW Offshore Drilling Sdn Bhd (UOD) has received a Letter of Award (LOA) from Frontier Oil Corporation (FRONTIER) for provision of a jack-up rig and associated services in respect to the KJF-1 and KJF-2 Drilling Programme in the KJF Field SC50 Block (formerly Calauit Field), offshore Palawan in .... [+ read more] the Philippines. The contract will be utilising ‘UMW NAGA 7’, its new-build jack-up drilling rig from CHMI shipyard in Shenzhen, China. The contract is for a duration of 120 days with an option for an extension of a further 180 days and is planned to commence around middle of January, 2015. The contract has a value of approximately US20 million for the firm duration period. UMW-OG President, Rohaizad Darus said, “This new contract for our newly built UMW NAGA 7 underlines our continued commitment to geographical expansion. The earlier contract awarded by NIDO Petroleum Limited for ‘UMW NAGA 5’ opened the door for us into the Philippines market. We hope ‘UMW NAGA 7’ will further solidify our presence in this new emerging and exciting market. Just like our business model in Vietnam, we break into the market and develop it further with more contracts.”

3 Jul 2014

Keppel delivers 'ENSCO 122' jackup

Keppel FELS Ltd (Keppel FELS) has delivered ENSCO 122, the third ultra-premium harsh environment ENSCO 120 Series jackup rig, to Ensco plc (Ensco) ahead of schedule. Built to an enhanced version of Keppel's proprietary KFELS Super A Class design, the rig has been contracted to Nederlandse Aardolie Maatschappij B.V. (NAM), an oil and gas explorer and producer focused in The Netherlands. .... [+ read more] Enhancements to the design include Ensco's patented Canti-Leverage AdvantageSM technology, which provides cost advantages for customers by allowing them to drill more wells from one location when utilising the enhanced hoisting capacity at the farthest reach of the cantilever. Mr Wong Kok Seng, Managing Director of Keppel Offshore & Marine (Offshore) and Keppel FELS, said, "We are pleased to deliver ENSCO 122, our third ENSCO 120 Series rig to Ensco. Our partnership with Ensco has enabled us to develop next generation rigs that have set industry benchmarks and we believe the KFELS Super A Class will be the standard bearer for rigs of its class in the North Sea. This is our 19th newbuild rig for Ensco and we are committed to support them with strong designs and reliable deliveries as they grow their fleet of high specification rigs."

3 Jul 2014

Tullow makes Hanssen oil discovery in Barents Sea

Tullow Oil plc (Tullow) announces that the Hanssen wildcat well, in production licence 537, offshore Norway, has encountered a 20-25 metre oil bearing sandstone with good reservoir properties in the main target (Stø Formation). The Hanssen well was drilled about 7 kilometres northwest of the Wisting Central oil discovery and about 315 kilometres north of Hammerfest. The well also encountered hydrocarbon .... [+ read more] bearing sandstones in the Late Triassic (Snadd Formation) and in the Middle Triassic (Snadd Formation) but in poor reservoirs. Extensive coring and sampling have been carried out in all hydrocarbon bearing formations. This discovery was tested and produced a maximum production rate of 2,006 bbls/d of oil and 325,000 scf/d of gas from a short test interval in a vertical well. Tullow anticipates that production rates from future development wells would be significantly higher. Preliminary volume estimates of up to 50 million barrels of recoverable oil from this discovery confirm the potential of the Wisting cluster. The 7324/7-2 well was drilled to a vertical depth of 1,679 metres by the ‘Transocean Barents’ rig in a water depth of 417.5 metres. This successful oil well will now be plugged and abandoned.

3 Jul 2014

NPD reports discovery at Hanssen prospect

OMV (Norge) AS, operator of production licence 537, is about to complete drilling of wildcat well 7324/7-2. The well was drilled about seven kilometres northwest of the 7324/8-1 "Wisting Central" oil discovery and 315 kilometres north of Hammerfest. The primary exploration target for the well was to prove petroleum in Middle Jurassic to Late Triassic reservoir rocks (Stø, Nordmela and .... [+ read more] Fruholmen formations). The secondary exploration target was to prove petroleum in Late to Middle Triassic reservoir rocks (Snadd formation). The well encountered an oil column of about 20 metres in the Stø formation, with very good reservoir properties. Mainly gas was encountered in sandstone layers in the Snadd formation with poor reservoir properties, and no gas gradient was established. Preliminary calculations of the size of the discovery are between three and eight million standard cubic metres (Sm3) of recoverable oil. A successful formation test was carried out in the Stø formation. The maximum production rate was 319 Sm3 oil and 9195 Sm3 associated gas per flow day through a 56/64-inch nozzle opening. This is the third exploration well in production licence 537. The licence was awarded in the 20th licensing round in 2009. The well was drilled to a vertical depth of 1679 metres below the sea surface and terminated in the Snadd formation from the Late to Middle Triassic Age. The water depth is 418 metres. The well will now be permanently plugged and abandoned. Well 7324/7-2 was drilled by the Transocean Barents drilling facility, which will now proceed to a shipyard on Stord for five-year recertification.

3 Jul 2014

Repsol announces strike in Trinidad

Repsol has made a new hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago, in the TSP block east of the island of Trinidad. The find in the TB14 well has upgraded the northern portion of the Teak B field that was not known to exist before. The newly-discovered area is estimated to contain over 40 million barrels of oil .... [+ read more] in place, which increases the field’s current reserves, extends its productive life and adds new output. The TB14 drilling program was carried out using Seadrill’s ‘West Freedom’ jackup rig. Repsol operates the field with a 70% interest, partnered by co-venturers Petroleum Company of Trinidad and Tobago (Petrotrin) and The National Gas Company of Trinidad and Tobago (NGC), with a 15% stake each. Repsol and its partners are carrying out a drilling campaign to add new resources and production to the TSP block, which has been producing since the 1970s. The programme includes new drilling throughout 2014. The TB14 well, which has produced 1,200 barrels of oil a day in testing, adds to the start-up in June of the TB13 well, which added 1,384 bopd to the field’s output. The new wells add 24% to the block’s existing production, which averaged 10,900 bopd during 2013. The drilling programmes in Trinidad and Tobago have been benefitted by fiscal reforms implemented by the government in the last few years to incentivise exploration and production in mature fields. This has resulted in increased rig activity, additional production and new reserves. Repsol and its partners continue to work in the area, expecting to complete at least two more wells during the current year, with further drilling scheduled for the following years. Repsol has boosted its exploratory activity in the last few years with significant success, with more than 50 discoveries since 2008, including some of the world’s largest finds in the period. In 2013, Repsol posted the highest reserve replacement rate amongst its peers at 275%, which also beat the company’s own reserve addition targets for a third consecutive year to reach a total 1.515 billion barrels of oil equivalent.

2 Jul 2014

Nido releases Baragatan-1A well update

Nido Petroleum Limited (Nido) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited wishes to advise that the Baragatan-1A well as at 2nd July 2014 was currently at 2,457 meters measured depth (2,152.9 meters TVD sub-sea). Since the previous well update released on the 23rd June 2014, continuing formation pressure and unstable well bore .... [+ read more] conditions in the e 8 ½” hole section required the setting of the 7” liner at 2,356 meters Measured Depth (2,109 meters TVD sub-sea). Following the successful setting of the 7” liner, stable hole conditions were established although drilling performance has been reduced in the 6” hole section. Current operation was changing the drill-bit before drilling ahead in 6” hole towards the primary reservoir objective.

2 Jul 2014

Woodside hits gas at Toros-1 well in Australia

Woodside advises that the Toro-1 exploration well in permit WA-430-P has intersected approximately 150 metres gross gas and 65 metres net gas within the Mungaroo Formation target. The well reached a total depth of 3724 metres, referenced from the rig rotary table. Following drilling, wireline logging has been conducted and confirmed the presence of a gas column through pressure measurements and .... [+ read more] gas sampling. The well will now be plugged and abandoned as planned. Toro is located in Western Australia’s Exmouth Sub-Basin and is within 22km of Woodside’s existing Ragnar-1A discovery. The well was spudded by Transocean’s ‘Deepwater Millennium’ drillship on the 2nd May 2014. Woodside Executive Vice President Global Exploration Philip Loader said, “This successful exploration outcome builds Woodside’s gas volumes within the Exmouth Sub-Basin creating options for maximising the value of our Australian assets.” Woodside is the operator and 70% equity owner of WA-430-P. Mitsui E&P Australia has the remaining 30% equity.

2 Jul 2014

Salamander spuds North Kendang-2

Salamander announces the spud of the North Kendang-2 exploration well (NK-2), a re-drill of the North Kendang-1 (NK-1) well in the South East Sangatta PSC. Salamander has a 75% operated interest in the South East Sangatta PSC. NK-2 will be drilled to a depth of approximately 2,878 m total vertical depth sub-sea (TVDSS) in order to evaluate the Upper Miocene section. .... [+ read more] The ‘Ocean General’ semi-submersible rig owned by Diamond Drilling, which has now been fitted with managed pressure drilling equipment to enable it to manage the anticipated pressure regime, will be used to drill the NK-2 well. NK-1 was drilled to 2,535 m TVDSS when it encountered a high pressure wet gas kick in the Upper Miocene, which led to it being plugged and abandoned on 13th April 2013. Costs related to the NK-1 well control incident, and to drilling the NK-2 well to this same depth, are covered under the Company’s insurance policies.

2 Jul 2014

DSM to provide mooring services for 'Maersk Discoverer'

Deep Sea Mooring (DSM) has won the contract to provide a comprehensive range of mooring services to Maersk Drilling for its sixth generation, semi-submersible drilling rig ‘Maersk Discoverer’. DSM will now design, engineer and install the mooring system for the advanced rig. “This is the first time we’ve worked with Maersk Drilling and the first time we’ve undertaken operations in Egypt,” .... [+ read more] comments Åge Straume, CEO of Deep Sea Mooring. “So, it’s a very significant contract for us and allows us to demonstrate how our extensive experience of installing mooring systems in the harsh environment of the North Sea can be transferred to new territories.” DSM will take the project from conception to completion – designing the complete mooring spread, defining operational procedures, mobilising and demobilising all equipment in both Norway and Egypt, pre-installing the anchors prior to rig arrival, and hooking up the rig when it arrives on location. “This is a complex assignment,” he states, “with water depths of 930m entailing high loads and a need to design a robust, high-quality and streamlined mooring solution. It’s the kind of challenge our experienced team thrive on and one we’ve successfully tackled for leading players in the energy industry, such as Statoil, in the North Sea, and Husky Energy, off the coast of Newfoundland. It’s exciting to be given the opportunity to showcase our expertise with a new client of A.P Moeller-Maersk’s standing.” In addition, Bergen-headquartered DSM will provide all base operations and personnel for the mooring and hook-up task. Once in place, ‘Maersk Discoverer’, a GustoMSC DSS 21 rig capable of drilling to 10,000m, will work the BP prospect.

1 Jul 2014

Weather conditions pump up price for Oi-1 and Oi-2 drilling

AWE Limited (AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that, as at 06:00 hours (6.00am) NZDT today, the Oi-2 exploration well was at a measured depth of 1,505 metres. The 9 5/8” casing string has been installed and cemented at a depth of 1,487 metres. Preparations are underway to commence drilling ahead to the primary .... [+ read more] objective, the F10 sandstones anticipated at 3,690 metres. Well costs have been adversely impacted by winter weather conditions in the offshore Taranaki Basin, with the total cost of the Oi-1 and Oi-2 wells now estimated at US$50.9 million (AWE share US$15.9 million), which includes a contingent provision for weather downtime. The Oi-2 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres. The well objective is to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura and Pateke fields and is targeting the same F10 reservoir sandstones. The Oi-2 exploration well will be drilled vertically to a planned total depth of 3,881 metres and is forecast to take approximately 40 days to complete.

1 Jul 2014

Zenitel secures communication contract for Brazilian drillships

In 2010, Zenitel opened up a local office in Brazil to better serve the Brazilian customer base and quickly expanded its market share in the Marine, Oil and Gas segments. Maintaining this local presence has proven to be highly successful for the company. From the office in Rio De Janeiro, Zenitel Brazil continues to increase their market share yearly. The company .... [+ read more] estimates that 33% of all vessels built in Brazil have communication equipment provided by Zenitel onboard. “This contract is extremely important for Zenitel’s mission to increase market shares in the Marine, Oil and Gas segments worldwide,” said Kenneth Dastol, Zenitel CEO. The results we’ve experienced so far are proof of a successful entry into the Brazilian market. By continuing to put our customers’ needs first and finding the most viable solutions, we are able to secure more contracts within the field of critical communication.”

30 Jun 2014

Mubadala comes up dry with Rojana-1 well in Thailand

KrisEnergy Ltd. (KrisEnergy), an independent upstream oil and gas company, announces that drilling operations have concluded at the Rojana-1 exploration commitment well in block G11/48 in the Gulf of Thailand. Rojana-1, which commenced drilling on 23rd June 2014, reached a total depth at 4,916 feet (1,498.4 metres) measured depth, or -4,126 feet total vertical depth subsea. No significant hydrocarbon shows were .... [+ read more] detected in the target reservoirs. Water depth at the well location is 230 feet. The well is the final commitment well for the G11/48 licence, where the joint-venture partners are developing the Nong Yao oil field. Nong Yao is expected to commence oil production in the first half of 2015. G11/48 covers 3,374 sq km over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 metres. The block also contains the Angun and Mantana oil and/or gas discoveries. KrisEnergy holds 22.5% working interest in G11/48. Mubadala Petroleum G11 (Thailand) Limited, the operator, has a 67.5% working interest and Palang Sophon Limited holds 10%. Rojana-A was drilled using the ‘Atwood Orca’ jack-up rig owned by Atwood Oceanics.

30 Jun 2014

Det Norske granted approval to use 'Maersk Giant' on Heimdalshø prospect

The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for well 2/9-5 S. Well 2/9-5 S will be drilled from the Mærsk Giant drilling facility at position 56°24’45.50’’ north and 03°55’06.08” east. The drilling program for well 2/9/-5 S relates to drilling of a wildcat well in production licence 494. Det norske oljeselskap is the operator .... [+ read more] with an ownership interest of 30 per cent. The licensees are Bridge Energy Norge AS with 30 per cent, Dana Petroleum Norway AS with 24 per cent and Fortis Petroleum Norway AS with 16 per cent. Production licence 494 was awarded in APA 2008. The area in this production licence is located in the southern part of the North Sea and consists of the north-eastern part of block 2/9. Well 2/9-5 S is the first exploration well in this production licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

30 Jun 2014

Gazprom Neft spuds Arctic well

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea. The work is being carried out during the ice-free months of 2014 and will involve drilling a single well to a depth of 3,500m and conducting a full range of geological investigations. The experience gained from .... [+ read more] previous work on the continental shelf, including at the relatively nearby Prirazlomnoye field also operated by Gazprom Neft, was taken into account during preparations for the exploration programme. Major global service companies such as Schlumberger and Weatherford are involved in the Dolginskoye project. Based on initial studies, a further programme will be drawn up to explore the field and prepare for exploratory drilling during the ice-free seasons in the years to follow. Drilling and testing of the well will be carried out in 2014 by the ‘GSP Saturn’ jackup rig, which arrived on site in mid-June and is installed directly on the seabed. The rig is authorised to drill on the continental shelf in the Arctic sea and has been modernised and comprehensively audited* by authoritative international and Russian specialist agencies. These have confirmed that GSP Saturn is fully fit for exploratory drilling in the Pechora sea. Advanced innovative technology will be employed, including environmentally safe water-based drilling fluid system. ? rotary control system will be used for drilling on the Arctic shelf, which will speed up drilling and reduce drilling mud. Any mud produced will be shipped back to the mainland to be recycled in line with the zero-discharge policy. In addition, an innovative borehole management system from one of the world’s leading hydrodynamic survey companies will be used for the first time in Russia to improve reliability and quality of work. This technology will speed up the study of the oil reservoir and enable high-quality measurements to be taken with maximum safety and efficiency. This will be the first time that some of this technology has ever been used in Russia. The Spasatel Karev emergency support vessel will be on hand round the clock while work is taking place. Along with the four ships chartered for ancillary work, it is equipped with a DP-2 dynamic positioning system that allows it to maintain a fixed position for loading in extreme weather conditions. The border checkpoint at Varandey airport has been extended to allow flights to the Dolginskoye field. Until now the airport has only been open for flights to the Prirazlomnoye platform.

27 Jun 2014

Statoil hits dust at Brugdan II

Drilling of the Brugdan II Re-Entry well in licence 006 offshore the Faroe Islands has concluded. The well will now be plugged and abandoned. It was drilled to 4,542 metres and resulted in a dry well. The well is located 130 kilometres offshore the Faroe Islands and was respudded in May 2014. It was drilled using the ‘West Hercules’ semi-submersible rig .... [+ read more] in a water depth of 450 metres. This is the second exploration well that has been drilled in licence 006 which covers an area of approximately 579 square kilometres. Statoil has been in the Faroe Islands since 2000 and holds a significant acreage position with four operated licences. The licences are basalt-covered and target multiple and diverse plays. Statoil's position in the Faroe Islands is in line with the company's exploration strategy of early access at scale and establishing a leading position in frontier areas. ‘West Hercules’ will now move on to licence 008 in the Faroe Islands, where Statoil also is operator, to drill the Sula/Stelkur well.

27 Jun 2014

Karoon releases Pharos-1 well update

Karoon Gas Australia Ltd (Karoon) has reported that at 0600 WST on 27th June 2014 preparations were being made to commence drilling in the 6-1/2” hole section of the Pharos-1 well. The current well depth is 4,950m. Since the previous update, the 8-1/2” hole section was drilled from 4,750m to a depth of 4,950m. Two wireline logging runs were completed before .... [+ read more] 7-5/8’ liner was run to a depth of 4,949m where it was cemented in place. Wireline logging of the 8-1/2” hole section was undertaken to obtain information to assist future well design. Pharos-1, is the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign and is located approximately 9km north east of Proteus-1. Pharos-1 is targeting an extension of the discovery made at Proteus-1 which established excellent reservoir quality and condensate bearing gas in the Montara formation. ConocoPhillips is the primary operator of the WA-398-P Browse Basin permit and is using Transocean’s ‘Transocean Legend’ semisub rig for the drilling operations.

27 Jun 2014

Ithaca Energy pushes forward with Stella development drilling

Ithaca Energy Inc. (Ithaca) announces completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day (boepd). Well 30/6a-B1Z (B1) is the third development well drilled on the Stella field. The well was drilled to a total measured depth subsea of 16,185 feet, .... [+ read more] with a 2,147 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir. The well intersected high quality sands across a net reservoir interval of 2,034 feet, equating to 95% net pay. This compares to 1,312 feet and 2,514 feet in Stella wells A1 and A2, respectively. As with the previous two Stella development wells, a clean-up flow test has been performed on the B1 well in order to effectively remove the drilling fluids used to complete the well and gain additional reservoir data and fluid samples. The well flowed at a maximum rate of 12,492 boepd on a 48/64-inch choke, with the full production potential of the well limited by the capacity of the well test equipment on the drilling rig. Fluid samples show that the oil is of high quality, approximately 45° API. The maximum flow rate of 12,492 boepd comprised 7,565 barrels of oil per day and 29.6 million standard cubic feet per day (MMscf/d) of gas. This compares to the results of the A1 and A2 wells that achieved maximum flow rates of 10,835 boepd and 10,442 boepd, respectively. The test results achieved on the first three Stella development wells have served to de-risk the initial annualised production forecast for the Greater Stella Area hub of approximately 30,000 boepd (100%), 16,000 boepd net to Ithaca. The B1 well is in the process of being suspended. The suspension configuration is such that the well can be brought on to production without the requirement for any further well intervention activity once the FPF-1 is on location and hooked up. Following completion of the well suspension operations the ‘ENSCO 100’ will move on to drilling of the fourth Stella development well from the same drilling centre location. It is anticipated that the well will be completed around the end of the third quarter of 2014.

27 Jun 2014

'Deepsea Aberdeen' named in South Korea

The naming ceremony for the ‘Deepsea Aberdeen’ semisub was celebrated on 25th June. Mrs Karen Jones representing BP, the lady sponsor of the new ultra deepwater drilling unit bestowed good luck for the rig and its crew. I am grateful for, and value, the attitudes and efforts I have experienced in meetings with DSME and the key contractors at the yard. .... [+ read more] They have done an enormous effort, states Simen Lieungh, CEO of Odfjell Drilling. The unit will roll out for sea trials from July- August 2014. Odfjell Drilling is expected to take delivery of ‘Deepsea Aberdeen’ in October/ November 2014. From Okpo in South Korea ‘Deepsea Aberdeen’ will sail to Singapore and Mauritius, Cape Town and Las Palmas before the rig’s first long trip finally ends West of Shetland to start up drilling operations for BP in Q1 2015. ‘Deepsea Aberdeen’ is a sixth generation ultra deepwater and harsh environment semisubmersible of enhanced GVA 7500 design. The semisubmersible will perform drilling operations West of Shetland under a seven-year contract with BP.

27 Jun 2014

Songa's sale of two semisubs pushed back to July

Songa Offshore AS (Songa) has reported that the closing of the sales of the rigs ‘Songa Mercur’ and ‘Songa Venus’ from Songa Offshore SE to companies within the Opus Offshore Group, previously contemplated to take place within second quarter 2014, is now scheduled to take place within the end of July 2014. Upon the completion of the sale, both assets will .... [+ read more] be managed by the new Songa-Opus JV company.

27 Jun 2014

Songa secures finances for delivery of third and fourth CAT D rigs

Songa Offshore SE (Songa) has received a firm commitment from banks and an Export Credit Agency for the financing of the Cat D 3 and 4 newbuilds with a pre-delivery financing of USD90 million per rig and a post-delivery financing of USD550 million per rig. The terms of the financing are at competitive terms and the Company plans to complete final .... [+ read more] documentation of the transactions in third quarter 2014. The commercial tranche of the senior secured credit facility is underwritten. The ‘Songa Encourage’ and ‘Songa Enabler’are both expected to be delivered from Daewoo Shipbuilding and Marine Engineering’s (DSME) Okpo shipyard in South Korea in the second half of 2015.

27 Jun 2014

Statoil given go ahead to spud Erlend prospect

The Petroleum Safety Authority Norway has granted Statoil consent to use ‘Scarabeo 5’ for plugging well 6406/2-7-1 in the Norwegian Sea. The purpose of the operation is to carry out permanent plugging of exploration well 6406/2-7. The operation is planned to start in July 2014 with an expected duration of 47 days. Water depth at the site is around 293 metres .... [+ read more] and it is 6390 metres from the nearest installation, the Kristin Q Flowline. ‘Scarabeo 5’ is a mobile drilling facility built in Italy at Fincantieri Shipyards in Genoa, and completed in 1990. It is operated by Saipem Norwegian Branch (Saipem). The facility received Acknowledgement of Compliance (AoC) in May 2003.

26 Jun 2014

Ophir comes up dry with latest well in Gabon

Ophir Energy plc (Ophir) has announced that drilling operations have now concluded on the Okala-1 well in the Mbeli Block offshore Gabon. Ophir has a 50%* net operated interest. The well was drilled by Vantage Drilling’s ‘Titanium Explorer’ drillship to a depth of 4,229m MD targeting Cretaceous sands in the pre-salt section. The well encountered a thick section of Aptian salt .... [+ read more] as prognosed and well developed sandstones in the Gamba and Dentale formations. However, there were no significant hydrocarbon shows in the target reservoirs. Ophir’s share of the Okala-1 well costs was partially covered by carries from the Company’s joint venture partners. The ‘Titanium Explorer’ drillship will now move to Equatorial Guinea to begin a campaign of three exploration and appraisal wells on Block R. *OMV farm-in for a 10% net interest is subject to Government approval

26 Jun 2014

Fred Olsen secures funds for delivery of 'Bollsta Dolphin'

Fred. Olsen Energy ASA (Fred Olsen) has signed a new six year bank credit facility of up to USD2,000 million. The credit facility will be used to repay existing bank loan, fully-finance the delivery of the newbuild ‘Bollsta Dolphin’ semisub rig and for general corporate purposes. The facility is provided by a group of international banks and GIEK/Eksportkreditt; with Nordea, ING, .... [+ read more] ABN Amro, Danske Bank, DNB, Handelsbanken, SEB and Swedbank as Mandated Lead Arrangers. Fred Olsen is expected to take delivery of the ‘Bollsta Dolphin’ in Q2 2015. Upon delivery the unit will be mobilised to the UK, where it has been contracted by Chevron for a fixed five year term, where it has been earmarked to perform drilling operations on Chevron’s development of the Rosebank field.

26 Jun 2014

Galp spuds TAO-1 well in Morocco

Tangiers Petroleum (Tangiers) has announced that drilling has begun on the Galp Energia-operated TAO-1 exploration well offshore Morocco. The ‘Ralph Coffman’ jack-up rig will test up to three stacked targets: Assaka in the Upper Jurassic; the main target Trident in the Middle Jurassic and will move on to TMA if the well is deemed a success. It is expected to take .... [+ read more] around two months to intersect the first two oil horizons. Tangiers owns 25% of the Tarfaya block that’s host to the TAO well, which is targeting a huge hydrocarbon bounty of 758mln barrels of oil equivalent, or 190mln barrels net to the AIM and ASX-listed group. The TAO-1 well is located within a proven petroleum system and is next to Cairn Energy and Genel Cap Juby heavy oil discovery. TAO-1 is the very definition of a company-maker, particularly when you consider the Tangiers has a market capitalisation of just under UK£28 million. A 110-metre oil column was discovered on Cap Juby; however, the crude was of the heavy variety, which is more difficult to extract and transport.

26 Jun 2014

COSL charters newbuild jackup from ICBC

China Oilfield Services Limited (COSL) announced that it has chartered a 400-feet jack-up rig, ‘Excellence I’, from ICBC Financial Leasing Co., Ltd. under an operating lease, and a naming ceremony for this rig hosted earlier today. ‘Excellence I’ measures 66.71 metres in length and is 67.06 metres in width. It is designed to operate at water depths of 400 feet and .... [+ read more] is capable of performing drilling operations at depths of up to 35,000 feet. It has been scheduled to commence drilling operations in China waters for clients by July 2014. ‘Excellence I’ is the third jack-up rig COSL has chartered year-to-date, as part of the efforts to meet rapidly growing domestic demand through deployment of external resources. Rigs that were chartered previously, ‘HYSY932’ and ‘Gulf Driller I’, have commenced operation in offshore China market with signing of the operation contracts on April 18th and May 13th respectively. The ‘Excellence I’ is believed to be the jackup formerly known as the ‘KS Orient Star 1’, which KS Drilling announced was sold to an unnamed buyer on the 19th June 2014.

25 Jun 2014

Drill rig successfully secured for Pryderi-1 well

IPB Petroleum is pleased to advise that the WA-424-P Joint Venture (IPB 75%, CalEnergy 25%, and Operator) has achieved the very important milestone of securing the Stena–Clyde semi-submersible drill rig for its upcoming Pryderi-1 exploration well. Based on contracted terms and the current rig schedule, IPB Petroleum estimates that the Pryderi-1 well will spud during .... [+ read more] October 2014. With the drill rig successfully secured the Operator now intends to submit an application for a suspension and extension to the WA-424-P permit terms with the National Offshore Petroleum Titles Administrator (“NOPTA”) to allow sufficient time for the drilling and evaluation of the results of this well. The Operator estimates Pryderi-1 to take approximately 11 days drill on a dry hole basis. The Pryderi prospect is estimated by IPB to have High, Best and Low Prospective Resources (100%) of 78 MMbbls, 32 MMbbls, and 12 MMbbls respectively and lies in 75m of water and is located approximately 10 km away from the permit’s existing Gwydion oil discovery.

25 Jun 2014

Dry well near the Skarv field in the Norwegian Sea – 6507/5-7

E.ON E&P Norge AS, operator of production licence 558, has completed the drilling of wildcat well 6507/5-7. The well has been drilled about 18 kilometres southeast of the Skarv field in the Norwegian Sea. The purpose of the well was to prove petroleum in reservoir rocks from the Middle and Lower Jurassic period (the Fangst and Båt group). It encountered .... [+ read more] 12 and 15 metres of reservoir rocks of very high reservoir quality in the Garn and Ile formation in the Fangst group, respectively. In addition, about 20 and 30 metres of reservoir rocks of very high reservoir quality were encountered in the Tilje and Åre formation in the Båt group, respectively. The well is dry. Data acquisition has been carried out. The well is the first exploration well in production licence 558. The licence was awarded in APA 2009. The well was drilled to a vertical depth of 1597 metres below the sea surface and was terminated in Early Jurassic rocks in the Åre formation. The water depth at the site is 400 metres. The well has now been permanently plugged and abandoned. Well 6507/5-7 was drilled by the Borgland Dolphin drilling facility, which will now proceed to production licence 507 in the North Sea to drill wildcat well 31/10-1, where Tullow Oil Norge AS is the operator.

24 Jun 2014

Lundin given approval to drill 7220/11-1 well in Norway

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-1, cf. Section 8 of the Resource Management Regulations. Well 7220/11-1 will be drilled from the drilling facility Iceland Innovator at position 72o 03` 26.84" north and 20o 32´ 45.71" east. The drilling programme for well 7220/11-1 relates to the drilling of a wildcat well in .... [+ read more] production licence 609. Lundin Norway AS is the operator with a 40% ownership interest and the operator is Idemitsu Petroleum Norge AS with 30% and RWE Dea Norge AS with 30%. The production licence consists of the blocks/part of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. Production licence was awarded in the 21st licensing round in 2011. Wildcat well 7220/11-1 will be the first exploration well in production licence 609. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

24 Jun 2014

Tullow all set to drill the Lupus prospect in Norway

The Norwegian Petroleum Directorate (NPD) has granted Tullow Oil Norge AS a drilling permit for well 31/10-1, cf. Section 8 of the Resource Management Regulations. Well 31/10-1 will be drilled from the Borgland Dolphin drilling facility in position 60° 05'10.41" north and 3° 00'4.01" east after the wildcat well 6507/5-7 for E.ON E&P Norway AS in production licence 558 has been .... [+ read more] concluded. The drilling program for well 31/10-1 concerns the drilling of a wildcat well in production licence 507. Tullow Oil Norge AS is the operator with an ownership share of 70 per cent. The others licensees are Explora Petroleum AS (20 per cent) and Ithaca Petroleum Norway AS (10 per cent). The area in this licence consists of parts of the blocks 25/2.3, 30/11.12 and 31/10. The well will be drilled about 35 kilometres south of the Oseberg field. Production licence 507 was awarded on 23 January 2009 (APA 2008). This is the first well to be drilled in the licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

24 Jun 2014

AWE releases further Oi-2 drilling update

AWE Limited (AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, reports that the Oi-2 exploration well has completed the installation and testing of well control equipment and drilling operations have recommenced. As at 06:00 hours (6.00am) NZDT today, the Oi-2 exploration well was at a measured depth of 550 metres and the ‘Kan Tan IV’ rig .... [+ read more] was running in hole with a 12 ¼ inch drill bit to commence drilling to the planned section target depth of 1,500 metres. The Oi-2 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres. The well objective is to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura and Pateke fields and is targeting the same F10 reservoir sandstones. The Oi-2 exploration well will be drilled vertically to a planned total depth of 3,881 metres and is forecast to take approximately 31 days to complete

24 Jun 2014

Shelf Drilling secures new contract for 'Key Gibraltar'

KrisEnergy Ltd. (KrisEnergy) an independent upstream oil and gas company has announced that its contracted the ‘Key Gibraltar’ jack-up rig for development, appraisal and exploration drilling in two licences in the Gulf of Thailand. The contract with Shelf Drilling (Southeast Asia) Limited, will commence around 1st January 2015 and will run for a firm six-month term with an option to extend .... [+ read more] for an additional two months. No value was released for the contract. The drilling program is anticipated to comprise 12-14 development wells in G10/48 where the Company is developing the Wassana oil field, together with several exploration wells in the contract area. Once the G10/48 drilling program is concluded, the Key Gibraltar will mobilise to G6/48 to the north, where KrisEnergy is also the operator, and undertake appraisal drilling in the Rossukon area where oil was discovered in 2009. The ‘Key Gibraltar’ is currently operating in Vietnam, where is contracted by PetroVietnam until mid-september with a dayrate of USD153,000.

23 Jun 2014

Statoil prepares to permanently plug Njord well

Statoil has received consent to use the ‘Transocean Leader’ mobile drilling facility for permanent plugging of well 6407/7-3 on the Njord field. Njord is an oil field in the Norwegian Sea, around 30 km west of Draugen, in approx. 330 metres of water. Njord has been developed using a steel semi-submersible drilling, accommodation and production facility. Expected start-up of the operation .... [+ read more] is July 2014, with a duration of approx. 30 days. ‘Transocean Leader’ is a semi-submersible drilling facility of the Aker H-4.2 type, built in 1987 by Hyundai in South Korea and modified in 1997. It is registered in the Marshall Islands and classified by DnV. The facility was issued with an Acknowledgement of Compliance (AOC) by the PSA in December 2004.

23 Jun 2014

KS Energy places newbuild jackup order with ZPMC

KS Energy Limited (KS) wishes to announce that a subsidiary of KS Drilling Pte Ltd (KS Drilling), KS Rig Invest Five Ltd., has entered into a contract effective 23rd June 2014 with Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC) for the construction and delivery of one new build jack-up drilling rig based on the Friede & Goldman JU-2000E design, with an .... [+ read more] option granted to KS Drilling for the construction and delivery of a second rig of the same design. The newbuild (‘KS Drilling Jackup TBN 1’) is expected to be delivered in 27 months from the order date, whilst KS Drilling has the right to exercise its newbuild option at any time within six months of the order date. The cost of construction for the newbuild unit is approximately USD199.2 million, exclusive of additional costs to be paid for project management, drilling and handling tools, spares and capitalized interest. The newbuild announcement follows KS Drilling’s decision to sell one of its other newbuild jackups, the announced the sale of the ‘KS Orient Star 1’ jackup rig on the 19th June 2014.

23 Jun 2014

Lundin spuds Luno II appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/4- 8 S on the Luno II discovery has commenced. The Luno II discovery is located approximately 15km south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS). The well .... [+ read more] is located in PL359 and will appraise the Luno II Central South basin, located 4 km southeast of the Luno II discovery well. The main objective of well 16/4-8 S is to test the reservoir properties and verify the petroleum potential. The reservoir is expected to be of Jurassic/Triassic age. The planned total depth is approximately 2,700 metres below mean sea level and the well will be drilled with the semi-submersible drilling unit ‘Bredford Dolphin’. The drilling operation is expected to take approximately 50 days. Lundin Norway, the operator of PL359, holds a 40 percent interest and has announced that it will increase its interest to 65 percent interest, subject to governmental approval. Statoil Petroleum AS holds 15 percent interest and OMV Norge AS have entered into an agreement to increase its interest from 15 to 20 percent, subject to governmental approval.

23 Jun 2014

Apace forced to drill sidetrack at Phoenix South-1

Carnarvon Petroleum Limited (Carnarvon) reports that a new sidetrack wellbore section of the Phoenix South-1 well is required to be drilled below the 13 3/8” casing depth, due to the 9 5/8” casing hanger seal assembly running tool (CHSART) (casing tool), becoming stuck and preventing forward drilling progress of the current wellbore. As reported on 13th June 2014, the Phoenix South-1 .... [+ read more] well had drilled to 3,706m depth and was in the process of setting the 9 5/8” diameter casing to support the hole, as per standard industry practice. After setting and cementing the casing in place, the casing tool was unable to be retrieved from the wellhead. Apache Energy (Apache) notified Carnarvon that despite several unsuccessful attempts to retrieve the casing tool, it remained stuck, and forward progress in the current wellbore was not possible. Apache has advised Carnarvon that it intends to cut and retrieve the casing from a point just below the 13 3/8” casing point to retrieve the stuck casing running tool. A new sidetrack wellbore will be drilled from this point down to the same depth (approximately 3,700m) as the initial hole and the 9 5/8” cement casing will be set, as per industry practice. The above mentioned operations are outside the scope of the original drilling plan, and Apache estimates that this procedure could add approximately 20 days to the expected drill schedule. The additional net cost to Carnarvon, if the total well costs exceed the farm-in cap, is anticipated to be around USD4 million for the respective time frames. Carnarvon has made provision for such eventualities and has the capacity to comfortably fund these additional costs, in the event the farm-in cap is exceeded. Carnarvon will provide further updates on the above drilling activities being undertaken by the ‘Atwood Eagle’ as the sidetrack progresses.

23 Jun 2014

'Atwood Orca' spuds Rojana-A exploration well in Thailand

KrisEnergy Ltd. (KrisEnergy) an independent upstream oil and gas company announces that the ‘Atwood Orca’ jack-up rig has commenced the drilling of the Rojana-A exploration commitment well in block G11/48 in the Gulf of Thailand, where the joint-venture partners are developing the Nong Yao oil field. Water depth at the Rojana-A location is 232 feet (70.6m). The well is planned to .... [+ read more] be drilled to a total depth of 4,828 feet measured depth (-4,068 feet total vertical depth subsea) and will evaluate a series of stacked sandstone reservoirs of Miocene age. Chris Gibson-Robinson, KrisEnergy’s Director Exploration & Production, commented: “Rojana-A is the first exploration well to be drilled in G11/48 since the successful exploration and ensuing appraisal programs in 2009 and 2010, respectively.” G11/48 covers 3,374 sq km over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 metres. The contract area contains the Nong Yao oil discovery, which is currently under development and is expected to produce first oil in the first half of 2015. KrisEnergy holds 22.5% working interest in G11/48. Mubadala Petroleum G11 (Thailand) Limited is the operator of the licence with a 67.5% working interest and Palang Sophon Limited holds 10%.

23 Jun 2014

Nido releases Baragatan-1A well update

Nido Petroleum Limited(Nido) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited wishes to advise that the Baragatan-1A well as at 23 June 2014 was preparing to drill ahead in 8 ½ “ hole at 2,329 meters Measured Depth (2,055.9 meters TVD sub-sea). Drilling progress since the 9 5/8” casing point has taken longer .... [+ read more] than predicted due to slow drilling of the Pagasa Formation claystone and elevated formation pressures. Nido expects to be at the primary reservoir objective in the next few days, based on forward drilling estimates. Nido wishes to further advise that during the drilling of the Pagasa Formation a gross interval from 1,977 - 2,004 meters Measured Depth (1,785 - 1,805 meters TVD sub-sea) comprising mainly sandstone and a gross interval from 2,207 – 2,236 meters Measured Depth (1,960 – 1,982 meters TVD sub-sea) comprising limestone contained elevated mud-log gas readings (C1 to C5) with oil shows recorded in the upper part of the limestone interval. It is unclear as to the significance or otherwise of these mud-log gas shows and this data will be considered for further evaluation once the primary reservoir objective has been drilled and the well has reached its planned Total Depth of 3,164 meters Measured Depth (2,700 meters TVD sub-sea).

23 Jun 2014

Newbuild 'Sheng Li I' jackup spuds first well in China

CIMC Raffles, the Chinese shipyard that constructed the ‘Sheng Li I’ newbuild jackup rig for Sheng Li Offshore has announced that the unit successfully spudded its first well on the 21st June 2014. The unit is currently drilling ahead at the Bohai Kendong 893 well. Kendong 893 is an exploration well and is targeting a depth of 2,710 meters. ‘Sheng Li .... [+ read more] I’ left CIMC’s yard on the 15th June 2014.

20 Jun 2014

Byron prepares to sidetrack SM6#1 well

As announced on 12th June 2014, the drill pipe in the SM 6 #1 well became stuck at a measured depth of 7,738 feet (2,359 metres). This depth is approximately 600 feet above the primary target reservoir, the G20 Sand. Since 12 June 2014, Byron attempted to free the drill pipe as required by the regulatory authorities. These attempts were unsuccessful. .... [+ read more] Byron subsequently requested and obtained regulatory approval to sever the drill pipe, run a cement plug at approximately 7,229 feet (2,203 metres) measured depth, 7,170 feet true vertical depth (2,185 metres), and then sidetrack the well off the cement plug from approximately 6,740 feet (2,054 metres) measured depth. Byron plans to drill the well-bore along a path parallel to the originally planned well-bore to a total measured depth of 9,571 feet (9,320 feet true vertical depth). The direct and indirect costs of attempts to free the drill pipe have added substantially to the cumulative cost of the well to date. This combined with the cost of the proposed sidetrack requires additional funding which is provided by the Placement. Current operations, at approximately 4.00 pm (USA Central Time) on 19th June, 2014 are picking up bottom hole assembly in preparation for drilling of the sidetrack well. SM 6 #1 is located in South Marsh Island Block 6 (“SM 6”), in a water depth of 65 feet (20 metres), 216 kilometres south-west of New Orleans, Louisiana, USA. Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and a 81.25% net revenue interest in SM 6.

20 Jun 2014

Statoil receives consent to use 'Songa Trym' on Fram H-North

Statoil Petroleum AS has received consent to use the ‘Songa Trym’ mobile drilling facility to drill well 35/11-A-31 in the Fram H-Nord field in development licence 090. Expected start-up is June 2014, with an approximate duration of 40 days. Water depth at the site is approx. 361 metres. ‘Songa Trym’ is a mobile facility built in Norway at Aker Værdal, and .... [+ read more] completed in 1976. The facility is owned by Songa Offshore ASA and operated by Songa Management. It received Acknowledgement of Compliance (AoC) in February 2013.

20 Jun 2014

'Maersk Gallant' set to drill in PL146 in Norway

Statoil Petroleum AS has received consent for exploration drilling using the ‘Mærsk Gallant’ mobile drilling facility to drill wells 2/4-22 S and 2/4-22 A in production licence 146. The wells are in the southern part of the North Sea, 15 km north of the Ekofisk field and around 260 km from the nearest land at Lista. Water depth at the site .... [+ read more] is approximately 67 metres. Drilling is planned to begin in June/July 2014 and is expected to take around 189 days, depending on whether a discovery is made. ‘Mærsk Gallant’ is a jack-up drilling facility, built at Far East Levingston Shipbuilding (FELS) in Singapore in 1993. The facility is operated by Maersk Contractors Norge A/S. It received Acknowledgement of Compliance (AoC) in August 2002.

20 Jun 2014

Rosneft and Lukoil begin Caspian Shelf Drilling

Rosneft and Lukoil began the construction of prospecting and appraisal well ? 1 at Ribachya structure as part of geologic exploration of North Caspian licensed site, situated in a Russian sector of North Caspian water area. The project is operated by the Caspian Oil Company. The planned drilling depth is 1,650 meters. The aim of well drilling is to explore the .... [+ read more] geologic structure and to detect oil and gas deposits, as well as to evaluate their commercial significance. The participants of the project pay special attention to strict requirements of ecological security of works at Caspian shelf and to security of sea wells drilling and exploitation adherence. In terms of the Plan on prevention and response to emergency situations at building prospecting and appraisal well ? 1 at Ribachya structure a session of training manoeuvres was successfully held. The topic of the training was response to sea accidents of regional significance using emergency response teams. The well is being drilled by Eurasia Drilling Company’s ‘Astra’ jackup rig.

20 Jun 2014

Hercules Offshore reports Angolan contract cancellations

Hercules Offshore, Inc. (Hercules) today announced that due to the failure of Sonangol officials to accept a local representative that meets the Company’s international legal compliance standards, Hercules has experienced delays in obtaining Angolan visas for required crewmembers and delays in importing required parts and equipment into Angola to support operations under the drilling contract for the ‘Hercules 267’. As a .... [+ read more] result of these delays, the contract for the unit will be terminated. Sonangol has failed to accept any of three different local representatives proposed by Hercules who meet our legal compliance standards, notwithstanding the legal and technical sufficiency of our proposals. The Company understands that working with a local representative is required and the transition to a representative meeting our compliance standards is a necessary condition for Hercules to continue to perform its contract obligations in Angola. The ‘Hercules 267’ was previously mobilised to Gabon from Angola and has been stacked on a zero dayrate since late April 2014. The cessation of Chevron’s contract with the unit reduces Hercules current contract backlog by an estimated USD91.8 million. The result of these circumstances also means that the company has voluntarily forgone a three-year contract award it previously received in Angola for the ‘Hercules Triumph’.

20 Jun 2014

Perisai receives 'Perisai Pacific 101' from shipyard

Perisai Petroleum Teknologi Bhd (Perisai) has successfully taken delivery of its newbuild ‘Perisai Pacific 101’ jackup drilling rig. The unit was delivered by SembCorp Marine’s PPL Shipyard in Singapore and is now being prepared to commence its firm contract with Petronas Carigali Sdn Bhd in Malaysia. The successful delivery marks Perisai’s successful entrance into the offshore rig market and the company .... [+ read more] has another two jackup rigs currently being constructed. The ‘Perisai Pacific 101’ will be managed by Hercules Offshore.

20 Jun 2014

Statoil comes up dry at Apollo prospect

Statoil Petroleum AS, operator of production licence 615, has completed the drilling of wildcat well 7324/2-1. The well was drilled about 45 kilometres north of the 7324/8-1 "Wisting Central" discovery, and 350 kilometres north of Hammerfest. The primary exploration target for the well was to prove petroleum in reservoir rocks from the Middle Jurassic to Late Triassic Age (the Realgrunnen .... [+ read more] sub-group). The secondary exploration target was to prove petroleum in reservoir rocks from the Late Triassic Age (the Snadd formation). Well 7324/2-1 encountered reservoir rocks about 15 metres thick and with good reservoir quality, in the Stø formation in the Realgrunnen sub-group. In the Snadd formation, about 170 metres of reservoir rocks were encountered, with mostly poor reservoir quality and just a few metres with good reservoir quality. The well is dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 615. The licence was awarded in the 21st licensing round in 2011. The well was drilled to a vertical depth of 1050 metres below the sea surface, and was terminated in the Snadd formation from the Late Triassic. Water depth at the site is 443 metres. The well has been permanently plugged and abandoned. Well 7324/2-1 was drilled by the Transocean Spitsbergen drilling facility, which will now drill wildcat well 7325/1-1 in the same production licence.

19 Jun 2014

KS Drilling sells newbuild 'KS Orient Star 1'

KS Energy Limited (KS) has announced that a subsidiary of KS Drilling Pte Ltd (KS Drilling), KS Rig Invest Three Ltd., has agreed to sell the under construction ‘KS Orient Star 1’ jackup rig for a cash consideration of USD84.88 million. The unit has been sold on an “as-is, where-is basis”. The unit which was ordered by KS Drilling in May .... [+ read more] 2011, is due to be delivered in Q3 2014 from China Ocean Shipping Co’s (COSCO) Nantong shipyard in China. The unit has been built to LeTourneau’s Workhorse(R) rig design and can operate in max water depths of up to 400ft. The name of the purchaser was not released by KS.

19 Jun 2014

CNOOC signs up 'Atwood Hunter' in Equatorial Guinea

Atwood Oceanics, Inc (Atwood) has announced today that one of its subsidiaries has been awarded a drilling services contract by CNOOC Africa Limited (CNOOC) for the semisubmersible rig ‘Atwood Hunter’. The contract will be performed offshore Equatorial Guinea, specifies a day rate of USD337,000 for a minimum term of 90 days and includes an option for one additional well. To the .... [+ read more] extent the term exceeds 90 days the day rate for days 91 to 180 shall be USD330,000. Any term in excess of 181 days shall have a dayrate of USD325,000. The ‘Atwood Hunter’ is expected to commence the contract in mid-August 2014. In connection with this contract, an Atwood subsidiary and Guinea Ecuatorial de Petroleos ("GEPetrol") mutually agreed to terminate the parties' previously announced contract for the ‘Atwood Hunter’ provided certain conditions are met.

19 Jun 2014

Lundin spuds Tembakau appraisal using 'West Prospero' jackup

Lundin Petroleum AB (Lundin) is pleased to announce that it has commenced the first well in its 2014 Malaysian drilling campaign with the spud of the Tembakau-2 appraisal well in Block PM307, offshore Malaysia. The well will target stacked gas reservoirs in Miocene aged sands in a large, low-relief, structure discovered by Lundin’s Tembakau-1 in late 2012. The discovery well penetrated .... [+ read more] 60 metres of net gas sands in five high quality sand intervals between 800 metres and 1,250 metres subsea. The appraisal well will core the main reservoir section and is expected to confirm the extent and quality of the gas reservoirs 3.7 kilometres to the south of Tembakau-1. Deliverability will be measured through production testing. The objective of the well is to confirm the current gross contingent resource estimate of gas as well as to test upside resource potential within the structure and to provide reservoir information for development planning. Tembakau-2 is a vertical well to be drilled by the jackup rig ‘West Prospero’ to a depth of 1,400 metres in approximately 70 metres water depth. The drilling of the well, including testing, is expected to take approximately 60 days. Lundin holds a 75 percent interest in PM307 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partner is PETRONAS Carigali Sdn. Bhd. with 25 percent interest. Lundin Malaysia BV operates seven blocks in Malaysia, namely PM307, PM308A, PM308B, PM319, SB303and SB307/308

19 Jun 2014

'Blackford Dolphin' leaves North Ireland shipyard

The ‘Blackford Dolphin’ oil rig which dominated the Belfast skyline for the last six months has left Harland and Wolff Heavy Industries Ltd’s (H&W) shipyard. The unit is now enroute to the North Sea to begin a single well contract with MPX North Sea. Upon departure the unit left a £50,000 cash donation to be shared between two Northern Ireland charities. .... [+ read more] Dolphin Drilling Ltd (Dolphin) the owners of the departed ‘Blackford Dolphin’ oil rig, to convert the value of scrap metal from the project to make £25,000 available each to the Royal National Lifeboat Institute (RNLI) and CLIC Sargent, the children’s charity. David McVeigh, H&W head of sales and marketing, says the donation is a very welcome way to mark the successful completion of this very important project.

19 Jun 2014

CIMC Raffles begins construction of 'Beacon Atlantic'

Chinese semi-submersible rig specialist CIMC Raffles (CIMC) has kicked off construction of a deep-water unit destined for operation in Norway’s North Sea and other challenging regions such as the Arctic and Barents Sea. The ‘Beacon Atlantic’, which is being built for Norway’s North Sea Rigs to the GM4-D design, will be capable of operating in water depths of 500 metres with .... [+ read more] drilling depth up to 8000 metres. Construction started on Wednesday. Classed by classification society DNV GL, the rig is equipped with a DP3 system and drilling package provided by NOV will be built to the Norsok standards, while meeting the requirement set by the Petroleum Safety Authority Norway and the Norwegian Maritime Directorate. The unit, which is the sixth of its kind CIMC will have built for operation in Norway’s North Sea, is scheduled for delivery in 2016. ‘Beacon Atlantic’ is the second GM4-D design semisub contracted by CIMC after the first unit, ‘North Dragon’, which is already being built. North Sea Rigs is managing both rigs on behalf of the owners.

18 Jun 2014

Qatar Petroleum snap up newbuild GDI jackup

Gulf Drilling International Ltd. Q.S.C. (GDI), a wholly owned subsidiary of Gulf International Services (GIS), announced that it has been awarded new contracts by Qatar Petroleum (QP) for the provision of offshore drilling rig services. QP has contracted the newbuild ‘Dukhan’ jackup rig which is expected to be delivered from Keppel FELS Shipyard in Singapore towards the end of Q3 .... [+ read more] 2014. The unit will then be mobilised to Qatar and should start work for QP in offshore Qatar during the Q4 2014. The contract term is five years and valued at QR 1.275 Billion (USD350 million). The ‘Dukhan’ rig was custom built for GDI with features that enable it to work anywhere in Qatar. It is a high-specification, hi-tech rig and accommodates 150 people. The features include a 15,000 psi choke system for well control and can drill wells through 30000ft. and a cantilever that can skid out 75 feet from the edge of the hull to drill wells. Off-line stand building and 7,500 psi mud pumps are another feature that is favoured by clients.

18 Jun 2014

Statoil hits sixth discovery in Tanzania

The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional two to three trillion cubic feet (tcf) of natural gas in place in the Piri-1 well brings the total of in-place volumes up to approximately 20 tcf in Block 2. “Since 2012 we .... [+ read more] have had a 100% success rate in Tanzania and the area has become a core exploration area in a very short period of time. We quickly went from drilling one well to a multi-well programme, and with Piri-1 we are continuing the success,” says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. The new gas discovery was made in the same Lower Cretaceous sandstones as the gas discovery in the Zafarani-1 well drilled in 2012. The Piri-1 discovery is the venture's sixth discovery in Block 2. It was preceded by the high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1 and Mronge-1, and a discovery in Lavani-2. Piri-1 was drilled by the drillship ‘Discoverer Americas’. The well location is two kilometres southwest of the Lavani-1 well at 2,360-metre water depth. The ‘Discoverer Americas’ has now moved location and is currently drilling the Binzari prospect in Block 2. “Additional prospectivity has been mapped and will be tested throughout 2014 and 2015. We expect to drill several additional exploration and appraisal wells and hope that the results from these wells will continue to add gas volumes for a future large-scale gas infrastructure development,” says Maden. Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for Block 2.

18 Jun 2014

Statoil given go ahead to drill Atlantis prospect

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 7325/1-1, cf. Section 8 of the Resource Management Regulations. Well 7325/1-1 will be drilled from the Transocean Spitsbergen drilling facility at position 73°54'49.50"north and 25°06'59.70"east. The drilling programme for well 7325/1-1 relates to the drilling of a wildcat well in production licence 615. Statoil Petroleum .... [+ read more] AS is the operator with a 35 per cent ownership interest. The other licensees are ConocoPhillips Scandinavia AS with 25 per cent, OMV (Norge) AS with 20 per cent and Petoro AS with 20 per cent. The area in this licence consists of blocks 7324/1, 2, 3 and 7325/1. Production licence 615 was awarded on 13 May 2011 in the 21st licensing round on the Norwegian shelf. This is the second well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

17 Jun 2014

Sunbird-1 well confirms oil offshore Kenya

Pancontinental Oil and Gas NL (PCL) is pleased to advise that, after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column – the first-ever oil discovered off the East African coast. The Sunbird-1 well was successfully drilled using the ‘Deepsea Metro 1’ drillship. The gross oil column is .... [+ read more] assessed to be 14m thick beneath a gross gas column of 29.6m in a reefal limestone reservoir in the Sunbird Miocene Pinnacle Reef in area L10A. The corresponding net values are 9.2m for the oil zone and 28.3 m for the gas zone. The net values are calculated for the reservoir using cut-offs of 10% porosity (Phi) and 50% shale volume (Vsh). Oil and gas samples have been recovered and analysed using sophisticated geochemical techniques. The Sunbird Reef is an ancient Miocene pinnacle reef buried beneath approximately 900m of younger sediment. Pancontinental believes the results are highly significant because they are the first proof of the presence a prospective oil system in the Lamu Basin offshore Kenya. The oil and gas have been geochemically typed in detail and the prospective source rocks have been dated and characterised for use in future exploration. Analysis of the Sunbird results has been complicated by the loss of drilling mud, seawater and remedial cement pumped into the limestone reservoir during drilling operations. Pancontinental has an 18.75 percent interest in the well and block L10A. Pancontinental has three extensive exploration areas in this highly prospective Basin covering a total area of approximately 15,000 sq km, including L10A. The detailed oil and gas geochemical data, which are confidential to the L10A Joint Venture partners, give the age and type of the oil source rocks, as well as other crucial data that Pancontinental believes places the L10A Joint Venture in a leading position to find commercial oil offshore Kenya. The Operator of the Block L10A Petroleum Sharing Contract, BG Group, is continuing to analyse the well data and will recommend a future exploration programme using the well results. Pancontinental’s Chief Executive Officer Barry Rushworth said the implications of the Sunbird-1 well results for regional oil exploration were truly outstanding. “The Sunbird-1 oil is the historic first-ever oil discovery offshore Kenya,” Mr Rushworth said.

17 Jun 2014

Reduced rate for 'MTR-2' whilst performing work-overs

Mermaid Maritime Public Company Limited (Mermaid) refers to the announcement dated 27th March 2013 in respect of the contract award to provide drilling and related services using the tender drilling rig ‘MTR-2’ for an international upstream oil and gas company in Indonesia (Chevron). Mermaid has announced that Chevron is in the process of obtaining new permits from the relevant government .... [+ read more] authorities in Indonesia to continue performance of the work under the agreed contract. In the interim, Chevron and Mermaid have entered into an Amendment to the Contract (Amendment) whereby Chevron shall use the drilling rig as a work-over unit on a reduced rate. For illustrative purposes, assuming that the work-over period was for 30 days the potential revenue from such period is estimated to be USD1.26 million. Upon Chevron receiving the necessary new permits, the drilling rig is planned to resume drilling operations on its normal rate on a mutually agreed date. Mermaid will make another announcement when the drilling rig resumes drilling operations.

16 Jun 2014

SapuraKencana announces raft of new tender rig contracts

SapuraKencana Petroleum Berhad (SapuraKencana) has announced that a number of wholly-owned drilling subsidiaries have been awarded new or extended contracts in South East Asia. The ‘SKD T-9’ and ‘SKD T-10’ units were both awarded new contracts with Petronas Carigali Sdn Bhd, to perform development drilling in Malaysia. The ‘SKD T-9’ is contracted for a five year period with the option to .... [+ read more] extend for a further two years. The ‘SKD T-10’ has been contracted for a firm three year period, with options to extend for a further two years also. The ‘SKD T-9’ and ‘SKD T-10’ contracts are effective from June 2014 to July 2019 and August 2014 to July 2017 respectively. The newly delivered ‘SKD T-18’ began its five year contract with Chevron Thailand Exploration and Production Limited in June 2014, with the contract running until May 2019. Meanwhile SapuraKencana also announced a contract extension for the ‘SKD Jaya’ unit working for BP in Trinidad. BP has extended the contract for the ‘SKD Jaya’ from August 2014 to July 2015. The four contracts are valued at a total of USD700 million by SapuraKencana.

16 Jun 2014

Pharos-1 well nears completion

As at 0600 WST on 16 June 2014 the Pharos-1 well was drilling ahead at 4,570 mRT in the 8-1/2” hole section. Since the last update, the 12-1/4” hole section was drilled 1,719 metres from the 13-3/8” casing shoe at 2,316 mRT to a depth of 4,035 mRT. The 9-5/8” casing was then run to a depth of 4,030 mRT where .... [+ read more] it was cemented in place prior to drilling ahead in 8-1/2” hole size. Pharos-1, the sixth and final well in the Browse Basin Phase 2 Exploration Drilling Campaign is located approximately 9 kilometres north east of Proteus-1 and will be a further test of the Proteus-Crown trend. Pharos-1 is targeting an extension of the discovery made at Proteus-1 which established excellent reservoir quality and condensate bearing gas in the Montara formation. Pharos-1 is a low risk exploration well with the potential to add considerable resource to any future Poseidon development. The exploration campaign, operated by ConocoPhillips, is using the ‘Transocean Legend’ semi-submersible rig for the final well. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits which contain the Greater Poseidon trend. ConocoPhillips is the operator of the WA-315-P Browse Basin permit in which Karoon Gas Australia Ltd currently holds 40%.

16 Jun 2014

'GSP Saturn' arrives at Dolginskoye field in Russia

The ‘GSP Saturn’ drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea. An exploration well will be drilled from the platform during the ice-free months of 2014 to further investigate the field’s geological structure .... [+ read more] and prepare it for full-scale development. The sea at the drilling location is approximately 40m deep; the well will be 3,500m in length and located 75km offshore. The project documentation for the drilling work at Dolginskoye was approved at public hearings in Naryan-Mar (Nenets Autonomous Region) in December 2013. Drilling will continue in 2015-2016, and Gazpromneft Sakhalin is in the process of selecting a subcontractor to carry out work during the ice-free seasons in the years that follow. The ‘GSP Saturn’ was transported to the location by a special Ice Class B vessel to ensure the utmost safety. Throughout the transportation from Vlissingen in the Netherlands to the platform’s destination, a rescue vessel was on hand round the clock to supervise and respond immediately to any potential incidents. The rescue vessel will remain on duty 24 hours a day while the platform is in operation at the field. Gazpromneft Sakhalin has also chartered four vessels specially designed for the Arctic environment to carry out ancillary drilling operations. All of these are Ice Class and equipped with DP-2 dynamic positioning systems that allow them to maintain a fixed position for loading in extreme weather conditions. The field’s support fleet is equipped to all international naval safety standards. The ‘GSP Saturn’ is authorised to drill on the Arctic shelf and has undergone cutting-edge refurbishment.* In April 2014 the platform was inspected by theAmerican Bureau of Shipping (ABS), which confirmed its compliance with all drilling safety regulation. Lloyd’s Register Drilling Integrity Services, the world leaders in independent technical inspections of offshore drilling facilities, also approved the rig for Arctic operations. The audit took place in May 2014 confirming that all the necessary provisions for operating in severe climactic conditions were in place. At the end of May 2014 the Russian Federal Service for Ecological, Technological and Nuclear Supervision (Rostekhnadzor) performed an on-site inspection of the platform and confirmed its adherence to all of the requirements of Russian law pertaining to industrial and environmental safety.

16 Jun 2014

Oyo-8 development well spudded in Nigeria

CAMAC Energy Inc. (Camac) announced today that the Oyo-8 development well was spudded on June 15th, 2014. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwater oil discoveries made in Nigeria. The Oyo .... [+ read more] field is located approximately 75km offshore Nigeria in water depths of approximately 300 meters. Oyo-8 will be drilled by Northern Offshore’s ‘Energy Searcher’ drillship to a total depth of approximately 1,800 meters in water depths of approximately 310 meters, and will produce from the Pliocene reservoir. The Oyo-8 well is expected to commence production in the fourth quarter and, together with the Oyo-7 well which will be completed subsequent to the Oyo-8 well, is expected to significantly increase production from the Oyo Field.

13 Jun 2014

Repsol comes up dry with Welwitschia exploration well

Tower Resources plc (Tower) the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited (Neptune), provides the following update with respect to the Welwitschia-1A well on PEL0010, offshore Namibia. The ‘Rowan Renaissance’ drillship commenced drilling operations on PEL0010 on 23rd April 2014 and the Welwitschia-1A well spud on 1st May 2014. Repsol Exploration (Namibia) (Pty) .... [+ read more] Limited ("Repsol"), the Operator of Namibia PEL0010 (Repsol 44% working interest, Tower 30% working interest), has confirmed that the firm commitment well reached total depth of 2,454 metres TVDRT (Total Vertical Depth Below Rotary Table). Logging evaluations indicate that the Palaeocene, Maastrichtian and upper Campanian section reservoirs were less well-developed than prognosed and no hydrocarbons were encountered. Drilling has been behind schedule initially owing to late rig-delivery and operational issues during drilling and logging, including the onset of winter weather conditions. Current expectations from the Operator are that costs will now be around 10% in excess of the USD91 million gross firm well budget. The estimated cost of continuing the current well to test the deeper targets, including the Albian, now appears to be as much as a further USD40 million gross. Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information. As a result, the Partners have agreed not to drill further at this time and to evaluate the information and its implications for the Block. The well is being plugged and abandoned.

13 Jun 2014

Prospector releases update for 'Prospector 1' & 'Prospector 5'

Prospector Offshore Drilling S.A. (PROS) expects that one of its subsidiaries will take delivery of ‘PROSPECTOR 5’, from the Shanghai Waigaoqiao Shipbuilding Co. Ltd (SWS) Shipyard in Shanghai, China, on Monday, 16th June 2014. ‘PROSPECTOR 5’ is the second in the Company's series of five high specification, harsh environment jack-up drilling rigs built to the Friede and Goldman JU2000E design. .... [+ read more] Upon delivery the rig will be mobilized to the UK sector of the North Sea where it is expected to begin its contracted work for Total E&P UK Limited and Elf Exploration UK Limited (Total) in September, in line with prior expectations. As previously announced, ‘PROSPECTOR 1’ is being remunerated at a reduced day rate per its amended charter contract with Total. This situation is continuing today while Total's Franklin location is being prepared to accept ‘PROSPECTOR 1’. PROS currently expects this situation will continue through the third quarter, at which time ‘PROSPECTOR 1’ will commence its 730 day charter contract.

13 Jun 2014

'West Linus' unit compliant in Norway

North Atlantic Drilling Limited’s (NADL) jack-up rig ‘West Linus’ has received the Petroleum Safety Authority Norway's Acknowledgement of Compliance (AoC). ‘West Linus’ and relevant parts of NADL Management AS’s organisation and management systems are considered to be in compliance with relevant regulatory requirements for petroleum activities. The validity of this Acknowledgement of Compliance assumes that NADL ensures that the facility and .... [+ read more] relevant parts of the company’s organisation and management systems are maintained, so to fulfil terms and conditions set out in the PSA’s decision.

13 Jun 2014

'Kan Tan IV' spuds Oi-2 well

AWE Limited (AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, advises that the semi-submersible drilling rig ‘Kan Tan IV’ commenced drilling the Oi-2 exploration well at 05:30 hours (5.30am) NZDT on Friday, 13th June 2014. As at 06:00 hours (6.00am) NZDT today, operations were drilling a 36 inch hole to a planned depth of 230 meters in .... [+ read more] preparation for the installation of a 30 inch surface conductor. The Oi-2 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres. The well objective is to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura and Pateke fields and is targeting the same F10 reservoir sandstones. The Oi-2 exploration well will be drilled vertically to a planned total depth of 3,881 metres and is forecast to take approximately 31 days to complete. The Oi prospect, in a discovery success case, represents a best estimate Prospective Resource of 11 million barrels of recoverable oil (gross, unrisked P50 estimate). AWE is participating in the Oi-1 exploration well at a reduced equity of 31.25% and has the option to increase its equity participation in any future appraisal drilling and development to 57.5% by exercising existing buyback provisions. In the event of a commercial discovery, it is envisaged that any subsequent development of the Oi field would involve a tie back to the nearby Tui production facility, the FPSO “Umuroa”, where sufficient production capacity is available.

13 Jun 2014

Carnarvon released Phoenix South-1 update

Carnarvon Petroleum Limited (Carnarvon) is pleased to report that the drilling of the intermediate hole section at the Phoenix South-1 well was completed on schedule and is currently setting casing before drilling the final hole section. As at 06:00 hours this morning, the well had drilled to 3,706 m MD and was in the process of setting 9 5/8” casing in .... [+ read more] preparation to drill ahead in 8 ½” hole size. The primary target for the Phoenix South -1 well is the inter-bedded sandstones, siltstones and claystones of the Middle Triassic Lower Karaudren Formation and Early to Middle Triassic Locker Shale. These sands are expected to be intersected while drilling the final hole section. The Operator is expected to take around four days to run and set the 9 5/8” casing and then a further three weeks to complete drilling. Following the completion of drilling and in the event of hydrocarbons being intersected, extensive wireline logging and both pressure and fluid sampling are planned. These operations will continue for a further week. At the completion of the wireline logging program, the Joint Venture intends to plug and abandon the well in accordance with normal good oilfield practice as outlined previously by Carnarvon, including in the CEO Newsletter available on the Carnarvon web site.

11 Jun 2014

Key Largo prospect to be spudded by 'Maersk Valiant'

Maersk Drilling recently dedicated their second and third ultra-deepwater drillships, one of which, the ‘Maersk Valiant’, will begin a three year contract with Marathon Oil and ConocoPhillips for drilling programs in the Gulf of Mexico (GoM). The ‘Maersk Valiant’ and ‘Maersk Venturer’ were officially named during a ceremony held at the Samsung Heavy Industries shipyard in Geoje-Si, South Korea on January .... [+ read more] 23rd. Annell Bay, Marathon Oil Vice President of Global Exploration, had the honor of serving as sponsor of the ‘Maersk Venturer’ during the ceremony. The first well scheduled to be drilled by the ‘Maersk Valiant’ will be at Marathon Oil’s Key Largo prospect in the GoM during the fourth quarter of 2014. “The delivery of the Maersk Valiant later this year will mark an exciting period of time for Marathon Oil. This drillship provides us with a dedicated deep-water asset to undertake exploration on the leases our Company has purchased in the Gulf of Mexico,” said Bryan J. Roy, vice president of Worldwide Drilling & Completions. “We all look forward to spudding the Key Largo well using this state-of-the art drillship that has been engineered for maximum safety and efficiency.

10 Jun 2014

Agility Group to provide engineering for 'HAI YANG SHI YOU 982'

Agility Group AS (AG) has entered into an agreement with China Oilfield Services Limited (COSL) to deliver detail engineering for the integration of the drilling package onto their latest drilling semisubmersible unit – ‘Hai Yang Shi You 982’ (HYSY982). "This contract confirms AG China's position in the Chinese market", says Otto Søberg, CEO of Agility Group. "We have now managed to .... [+ read more] bring our competence related to drilling engineering into the market for newbuild of semisubmersibles in China. We have established good relations with COSL Beijing and with all the major construction yards in China, and we see a great potential in China in the future". AG has been in close cooperation with COSL for a long period. The cooperation started with the design and engineering of the three semis for COSL that today are in operation for Statoil on the Norwegian continental shelf (NCS). This cooperation continued as COSL wanted to build the forth semi for NCS. AG’s design (GG 5000) was chosen by COSL and they placed the building contract of the semi (‘COSL Prospector’) at Yantai CIMC Raffles in China. AG has delivered both the basic and detailed design of the semi, which is planned to be completed in the last quarter of 2014. The latest semi newbuild ordered by COSL is planned for operation in the South China Sea. The Agility Group A5000 design was chosen for this project by COSL at the year-end of 2012. Agility Group started the basic design work for this rig in the beginning of 2013. COSL has later on signed a building contract with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) and agreed earlier this year to equip the rig with drilling equipment from National Oilwell Varco (NOV). The new contract AG now has signed with COSL has a value of NOK47 million and includes detailed design work for integration of the drilling package from NOV and construction of the semi. AG has in addition agreed a scope of work for DSIC of app. NOK20 million. The work will be performed by AG’s Shanghai office. A smaller senior engineering team in Sandefjord will ensure experience transfer from previous similar projects delivered by Agility Group to drilling floaters worldwide. AG China Ltd. has during the last three years had a very positive development, and shows today a profitable growth. The company is ISO-certified by DNV and works fully integrated with the rest of the Agility Group organization.

10 Jun 2014

'Spartan 202' reaches total depth at SM6#1 well

Byron Energy Limited (Byron) advises that as of 6 am (USA Central Time) on Monday, 9th June, 2014 the SM 6 #1 (“SM 6 #1”) well has reached a measured depth of 6,813 feet (2,077 metres) with true vertical depth at 6,793 feet (2,070 metres). Current operations at SM 6 #1 well are tripping for a new bit and bottom-hole assembly. .... [+ read more] Drilling operations are expected to recommence Tuesday morning, USA Central Time from the ‘Spartan 202’ jackup. The wellbore is still several hundred feet above the first target sand and is in good condition. In addition, Byron has had its fourth rig inspection by the Bureau of Safety and Environmental Enforcement (“BSEE”) inspectors, with no incidents of non-compliance issued. The Company was also subjected to an official unannounced oil spill drill by BSEE, the US Coast Guard and the State of Louisiana Oil Spill Coordinator. This oil spill drill lasted approximately 7 hours, during which time Bryon personnel were required to go through the acts of locating boats, oil spill skimming equipment and other items related to the response to a simulated oil spill event.

10 Jun 2014

'Maersk Intrepid' arrives at Westcon shipyard in Norway

The world’s largest jack-up rig has arrived Westcon in Olen, Norway. The unit has sailed from Singapore with the heavy lift vessel Hawk. With a leg length of 206.8 meters ‘Maersk Intrepid’ is the world’s largest jack-up rig. The rig is planning to stay at Westcon Yards for 50-60 days to train the crew, install third part equipment and to test .... [+ read more] the systems on board”, says Malvin Eide, rig manager at Westcon Yards. These days it is 20 years since Safe Britannia entered Westcon as the first rig project of the yard. Westcon has since invested more than NOK600 million in developing the yard and the organization, and more than 100 rig projects have been completed.

10 Jun 2014

AWE abandon Oi-1 well and prepare to spud Oi-2

AWE Limited (AWE), as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, advises that due to operational challenges in managing near surface unconsolidated formations the Oi-1 exploration well will be abandoned and a new well, Oi-2, will be drilled from an adjacent location. As at 06:00 hours (6.00am) NZDT today, the semi-submersible drill rig, ‘Kan Tan IV’ had been .... [+ read more] moved 150 metres to the new well location and preparations were being made to commence drilling the Oi-2 exploration well. The Oi-1 exploration well was drilled to a planned depth of 1,507 metres in a 17 ½ inch hole. Installation of a 13 3/8 inch casing was not completed due to well bore instability at a shallow depth. Subsequent attempts to sidetrack the well were unsuccessful and, consequently, the joint venture decided to abandon the Oi-1 well. AWE has revised the drilling program for the Oi-2 exploration well to further mitigate risks of near surface well bore instability and to then continue the program as previously planned. A 17 ½ inch hole will be drilled to a shallower depth of approximately 550 meters and a 13 3/8 inch casing will be set to enable a drilling fluid system to be established and improve management of conditions in the well bore. A 12 ¼ inch hole will then be drilled to approximately 1,500 metres before a 9 5/8 inch casing is set. An 8 ½ inch hole will then be drilled to a planned target depth of 3,881 metres. The Oi-2 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres. The well objective is to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura and Pateke fields and it will target the same F10 reservoir sandstones. The Oi prospect, in a discovery success case, represents a best estimate Prospective Resource of 11 million barrels of recoverable oil (gross, unrisked P50 estimate). In the event of a commercial discovery, it is envisaged that any subsequent development of the Oi field would involve a tie back to the nearby Tui production facility, the FPSO “Umuroa”, where sufficient production capacity is available. AWE is participating in the Oi exploration wells at a reduced equity of 31.25% and has the option to increase its equity participation in any future appraisal drilling and development to 57.5% by exercising existing buyback provisions. Gross dry hole drilling costs for the Oi program have been revised and are now estimated at USD 40 million (net USD 12.5 million to AWE at 31.25%). The Oi drilling program is now estimated to take approximately 46-48 days to complete.

9 Jun 2014

'Petrosaudi Discoverer' spuds the EMD-1 well

Circle Oil Plc (COP), the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce the commencement of drilling of the well EMD-1 on the offshore Mahdia Permit using the drillship ‘PetroSaudi Discoverer’. The well is located within the vicinity of many producing fields, including the Tazerka, Birsa, Oudna, and Halk El Menzel oil .... [+ read more] fields, and the Maamoura gas field. The well is planned to test the play potential of the El Mediouni prospect, including the primary Birsa Sands target and the secondary fractured carbonates of the Ketatna Formation. The Birsa Sands alone have a management pre-drill P50 estimate of 185 MMbo STOOIP. The primary target, the Birsa Sands, is expected at 1,260 metres MD with the Ketatna Carbonates at 1,460 metres MD. The management view on the recoverable prospective resources estimate for the El Medouini prospect is 46 MMbo for the Birsa Sands objective alone. This is substantially larger than the recoverable commercial threshold for the area which stands at approximately 10 MMbo. Depending on progress rates the well is expected to take approximately 5-7 weeks to drill.

9 Jun 2014

'Sedco 712' completes drilling of Lancaster appraisal well

Hurricane is pleased to announce that it has completed the drilling phase of the ongoing operation to drill and test a horizontal appraisal well on its Lancaster discovery, West of Shetland. The well has been drilled to plan and a one kilometre horizontal section through the basement reservoir is now being prepared for testing. The successful execution of this drilling is .... [+ read more] a very positive stage to have completed successfully. The operation is continuing and preparing for testing that will be carried out over approximately the next 25 days. Commenting from the Transocean’ Sedco 712’ drilling rig, Dr Robert Trice, Chief Executive Officer, said: “I am pleased to report that Hurricane has successfully completed its drilling phase of the reservoir section. The planned operation has gone well and we have succeeded in drilling the one kilometre horizontal section in the fractured basement structure. I am extremely encouraged by the data so far acquired as it indicates that the target fault zones are present and that the encountered section is fractured and oil bearing. Operations have now switched focus to the preparation for the well testing phase of this operation."

6 Jun 2014

Rowan secures contract for fourth drillship

Rowan Companies plc (Rowan) has announced that one of its subsidiaries has entered into a two-year drilling contract for the newbuild ‘Rowan Relentless’ drillship. The contract is with Freeport-McMoRan Oil & Gas LLC (FM O&G) a subsidiary of Freeport-McMoRan Copper & Gold Inc, for operations in the US Gulf of Mexico. The contract is expected to commence in the third quarter .... [+ read more] of 2015 and will add approximately UDS425 million to Rowan's current contract backlog. The ‘Rowan Relentless’, is the fourth and final drillship in Rowan’s current construction program and is due to be delivered at the end of March 2015. Upon delivery the unit will begin mobilisation to the USA for its contract with FM O&G. The unit is based on the same GustoMSC P10,000 hull design, as Rowan’s other newbuild drillships and is capable of drilling wells to depths of 40,000 feet in water depths up to 12,000 feet. The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems, five mud pumps, dual mud systems and a maximum hook-load capacity of 1,250 tons.

6 Jun 2014

Noreco comes up dry with Verdande prospect

Noreco Norway AS, operator of production licence 484, has completed drilling of wildcat well 6608/10-16. The well is dry. The well was drilled about 15 kilometres north of the Norne field in the Norwegian Sea, and about 210 kilometres west of Sandnessjøen. The primary exploration target for the well was proving petroleum in Middle and Early Jurassic reservoir rocks (Fangst .... [+ read more] and Båt groups). The secondary exploration target was proving petroleum in Early Cretaceous reservoir rocks (Lange formation). Reservoir rocks were encountered in the Fangst and Båt groups and in the Lange formation, but with poorer reservoir properties than anticipated. The well only proved traces of petroleum in the Lange formation and Båt group, and has been classified as dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 484. The licence was awarded in APA 2007. The well was drilled to a vertical depth of 4000 metres below the sea surface, and was terminated in the Åre formation in the Early Jurassic. Water depth is 371 metres. The well will now be permanently plugged and abandoned. Well 6608/10-16 was drilled by the Bredford Dolphin drilling facility, which will now proceed to production licence 359 in the North Sea to drill appraisal well 16/4-8 S, where Lundin Norway AS is the operator.

6 Jun 2014

Det Norske to use 'Maersk Giant' on Heimdalshøe prospect

Det norske oljeselskap ASA has received consent for exploration drilling using the ‘Mærsk Giant’ mobile drilling facility to drill well 2/9-5 S Heimdalshø, in production licence 494. The well is in the southern part of the North Sea, around 34 km west of Valhall. Water depth at the site is approx. 65 metres. Drilling is planned to begin in July 2014, .... [+ read more] with a duration of around 60 days, depending on whether a discovery is made. ‘Mærsk Giant’ is a jack-up mobile drilling facility. It is owned and operated by the A.P. Møller-Mærsk Group. It was built in Japan by Hitachi and completed in 1986. ‘Mærsk Giant’ can operate in water depths of up to 107 metres and accommodates 87 people.

6 Jun 2014

Byron releases SM6#1 drilling update

Byron Energy Limited (Byron) advises that the Byron Energy SM 6 #1 (“SM 6 #1”) well located in South Marsh Island Block 6 (“SM 6”) has set and tested 8 5/8” surface casing at a depth of 4,463 feet measured depth. Upon testing, a casing shoe test of 14 pounds per gallon was achieved, which exceeded expectations. On Friday, 6 .... [+ read more] June 2014 at approximately 12.15 am (USA Central Time) the SM 6 #1 well is drilling ahead in the 7-7/8” hole size at 4,800 feet (1,463 metres) measured depth (4,795 feet true vertical depth). To date, drilling of SM 6 #1 well is 3-4 days behind the planned days-depth curve, primarily due to mechanical issues. Despite this, the wellbore is in very good condition. In addition, the rig and drilling operation has been inspected by the Bureau of Safety and Environmental Enforcement personnel on three separate occasions without Byron receiving any citations of incidents or non-compliance. Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and an 81.25% net revenue interest in SM 6. SM 6 is located offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA.

6 Jun 2014

CIMC Raffles delivers newbuild jackup to Sheng Li Offshore

A Jack-up Drilling Rig which was constructed by CIMC Raffles with Sinopec Independent design named ‘Sheng Li I’ was delivered to Sinopec Sheng Li Petroleum EngineeringCo., Ltd. at CIMC Raffles on 6th June 2014. This was the 7th Jack-up drilling rigs that CIMC Raffles has delivered. It will be towed to Bohai Bay providing drilling service to Sinopec Sheng Li Oilfield .... [+ read more] soon. CCS and CIMC Raffles top leaders attended the delivery ceremony. ‘Sheng Li I’ is the first new-build offshore drilling rig ordered since Sinopec Oilfield Service Corporation was founded in 2012. The basic design and detail design was done by Sheng Li Drilling Technology Research Institute, the shop design and construction design was completed by CIMC Raffles. Equipment localization rate reaches above 90%. ‘Sheng Li I ’is the largest and most advanced offshore drilling rig that Sheng Li Oilfield currently owns and operates. Its modular length is 56m, modular breadth is 54m, modular depth is 5.5m. The rig is able to operate in water depth up to 50m, and has a drilling depth up to 7000m. The rig is equipped with a cantilever and a top drive, it is able to drill up to 30 wells at most in one stand. The unit is classed by CCS and is the sister rig of ‘Sheng Li 10’. Construction of the ‘Sheng Li I’ began on the 25th June 2013 and took only 346 days to complete.

4 Jun 2014

Phoenix South-1 shallow hole section complete

Carnarvon Petroleum Limited (Carnarvon) has announced that the Phoenix South-1 exploration well’s shallow hole section has been completed by the ‘Atwood Eagle’. The operator is now preparing to drill the intermediate section. As at 06:00 hours this morning the well had drilled to 1,502 m MD and was in the process of setting 13 3/8” casing in preparation to drill ahead .... [+ read more] in 12 ¼” hole size.

4 Jun 2014

'Deepsea Metro I' drills gas discovery with Taachui-1 well

Ophir Energy plc (Ophir) has announced the successful results of the Taachui-1 & subsequent Taachui-1 ST1 well in Block 1, Tanzania which has resulted in a new gas discovery. Ophir holds 20% of Blocks 1, 3 and 4. BG Group operates with 60%. The Taachui-1 well was drilled by the ‘Deepsea Metro I’ drillship close to the western boundary of Block .... [+ read more] 1. The well was sidetracked for operational reasons to complete as the Taachui-1 ST1 well and was drilled to a Total Depth of 4215mMD. The well encountered gas in a single gross column of 289m within the targeted Cretaceous reservoir interval. Net pay totalled 155m. Observed reservoir properties are in-line with those encountered at Mzia, the other Cretaceous-aged discovery on Block 1. Estimates for the mean recoverable resource from the discovery are c.1.0 TCF. The size of the gas column is such that the discovery could extend into a second compartment to the west which has the potential to be of a similar size. An appraisal well will be required to confirm this upside and is under consideration by the JV partners. A Drill Stem Test will now be performed on the Taachui discovery with results expected before the end of June.

4 Jun 2014

'Rowan Renaissance' recommences Welwitschia drilling

Tower Resources plc (Tower) the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited (Neptune), is pleased to announce that it has received notification from Repsol Exploration (Namibia) (Pty) Limited "Repsol), the Operator of Namibia PEL0010 (Neptune 30% working interest), that the drilling of Welwitschia-1A re-commenced on the morning of 4th June 2014. Drilling was .... [+ read more] previously suspended on the 21st May 2014, due to problems associated with the wellhead on the initial exploration well.

4 Jun 2014

Statoil releases 'Ocean Vanguard' immediately

Diamond Offshore Drilling, Inc. (Diamond) announced today that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible ‘Ocean Vanguard’ from Statoil ASA (Statoil), its customer for the rig. The contract was providing a dayrate of approximately USD454,000 and was estimated to conclude in accordance with its terms in late February 2015 howver, Statoil has acted .... [+ read more] to cancel the contract nine months in advance of this. Diamond Offshore disputes Statoil's basis for terminating the contract and intends to defend its rights under the drilling contract. The ‘Ocean Vanguard’ was supposed to drill the highly publicised Apollo prospect in the Hoop area of the Barents sea however, Statoil instead chose to drill the prospect using the ‘Transocean Spitsbergen’.

3 Jun 2014

Tangiers Petroleum prepares to spud TAO-1 well

Tangiers Petroleum (Tangiers) expects the TAO-1 exploration well offshore Morocco to spud on or around June 15th 2014. The well is targeting 190mln barrels of prospective resources, and is being drilled in area with a proven petroleum system. Tangiers expects drilling operations to cost USD73 million in total. The TAO-1 well, will be drilled by Rowan’s ‘Ralph Coffman’ jackup rig. Tangiers .... [+ read more] has a 25% stake in the TAO well, whilst GALP has 50% and Morocco’s national oil company ONHYM has 25%, though its costs are carried through the exploration phase.

2 Jun 2014

Total contracts drillship to perform Egina drilling

Seadrill Limited (Seadrill) has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship ‘West Jupiter’, in support of the EGINA ultra-deep offshore project in Nigeria. The contract is for a firm period of five years and has a total revenue potential for the primary contract term of approximately USD1.1 billion inclusive of mobilization. Seadrill's total .... [+ read more] consolidated backlog stands at approximately USD20 billion with the execution of this contract. The ‘West Jupiter’ is one of eight 6th generation drillships currently under construction for Seadrill and is expected to be delivered from the Samsung Heavy Industries shipyard in Geoje, South Korea in August 2014. The rig will be outfitted to work in up to 10,000ft of water and is capable of water depths up to 12,000ft and drilling depths up to 37,500ft. Per Wullf, Seadrill CEO commented, "We are very pleased to have been chosen by Total and its partners for this important project. This contract provides an opportunity to deepen our relationship with a key customer and strategically increase our rig fleet in Nigeria, adding the West Jupiter alongside the West Capella which has been operating in the Usan field Offshore Nigeria since 2008. Seadrill takes pride in continuing to build its presence in the Nigerian oil & gas industry".

2 Jun 2014

Drilling commences at Butch South West

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announce the spudding of the Centrica-operated Butch South West exploration well 8/10-6S (Faroe 15%). Butch South West, which is adjacent to the 2011 Butch discovery, is situated in approximately 65m water depth in .... [+ read more] the Norwegian North Sea, close to significant existing infrastructure with the giant Ula field approximately seven kilometres to the north-west, Tambar approximately ten kilometres to the south west and Gyda approximately 20 kilometres to the south. The significant Butch Main oil discovery (Faroe 15%) was made in late 2011 and contains a light crude oil in a high quality reservoir, the Upper Jurassic reservoir of the Ula formation. The Butch South West exploration well is located in a separate segment from both the Butch East well, the results of which were announced on 12th May 2014, and the Butch Main well. Centrica is currently working on a development plan for the Butch Main discovery, in parallel with drilling the Butch South West well. If Butch South West is successful the development has the potential to become a stand-alone design, with its own dedicated facility, instead of a sub-sea tie-back to existing nearby infrastructure. The Butch licence drilling operations are operated by Centrica (40%) using the ‘Maersk Giant’ jack-up drilling rig, together with the other joint venture partners Suncor Norge AS (30)% and Tullow Oil Norge AS (15)%. Graham Stewart, Chief Executive of Faroe Petroleum commented: “We are pleased to announce the spudding of the Butch South West exploration well which, if successful, offers the potential to add substantially to the volumes and value of the Butch field, as the adjacent Butch Main field is already on track for near-term development. “In the near term we also look forward to reporting the results from exploration drilling on the Bue prospect (Faroe 25%) in the Norwegian Sea in close proximity to the recently announced significant Pil oil and gas discovery.”

2 Jun 2014

AWE commences exploration drilling at Oi-1 well

AWE Limited (AWE), as operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, advises that the semi-submersible drilling rig ‘Kan Tan IV’ commenced drilling the Oi-1 exploration well at 18:30 hours (6.30pm) NZDT on Friday, 30 May 2014. The Oi-1 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 .... [+ read more] metres. As at 06:00 hours (6.00am) NZDT today, operations had run and cemented 30 inch casing to 229 metres and was drilling ahead in a 17 ½ inch hole at a depth of 510 metres. The Oi-1 exploration well will be drilled vertically to a planned total depth of 3,881 metres. The well objective is to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura and Pateke fields and it will target the same F10 reservoir sandstones. The Oi prospect, in a discovery success case, represents a best estimate Prospective Resource of 11 million barrels of recoverable oil (gross, unrisked P50 estimate). AWE is participating in the Oi-1 exploration well at a reduced equity of 31.25% and has the option to increase its equity participation in any future appraisal drilling and development to 57.5% by exercising existing buyback provisions. Gross dry hole drilling costs are estimated at USD 27 million (net USD 8.4 million to AWE at 31.25%) and the well is expected to take approximately 30 days to complete. In the event of a commercial discovery, it is envisaged that any subsequent development of the Oi field would involve a tie back to the nearby Tui production facility, the FPSO “Umuroa”, where sufficient production capacity is available.

2 Jun 2014

PSA awards consent to 'Transocean Spitsbergen' for exploration drilling in PL615

Statoil Petroleum AS has received consent for exploration drilling using the ‘Transocean Spitsbergen’ mobile drilling facility to drill well 7325/1 in production licence 615. The well lies in the Barents Sea, around 300 km from the nearest mainland at Knivskjellodden in Nordkapp municipality. Water depth at the site is approx. 447 metres. Drilling is planned to begin in June 2014, with .... [+ read more] a duration of around 44 days, depending on whether a discovery is made. ‘Transocean Spitsbergen’ is a semi-submersible drilling facility of the Aker H-6e type. It was built at the Aker Stord yard, is registered in the Bahamas and classified by DnV. The facility received Acknowledgement of Compliance (AoC) in October 2012.

2 Jun 2014

'Hakuryu-12' to be shared by Inpex and CGX Energy

CGX Energy Inc. (CGX) alongside Teikoku Oil (Suriname) Co., Ltd, a wholly-owned subsidiary of Inpex Corporation (Inpex) have formed a rig sharing group and have announced that they have entered into a bindling letter of intent (LOI) with Japan Drilling Co., Ltd (JDC) for use of the ‘Hakuryu-12’ jackup drilling rig. The LOI forms the bassis of the definitive rig agreement .... [+ read more] between JDC and each of the members of the rig sharing group. The members of the Rig Sharing Group are required to enter into definitive rig agreements with JDC in order to reduce mobilization and demobilization costs. The ‘Hakuryu-12’ rig will be delivered to the rig sharing group in Trinidad between April 1st 2015 and May 1st 2015. The unit will be used to drill in either the Corentyne or Demerara licenses in Guyana for CGX and in block 31 in Suriname for Inpex. The length and value of the contract were not released.

30 May 2014

Total spuds Garantiana

Total E&P Norge AS began drilling on the Garantiana prospect (34/6-2S) at 21.30 on 30th May 2014. The drilling is performed by the semi-submersible ‘Leiv Eiriksson’ rig, which is owned and operated by Ocean Rig. Garantiana is an oil prospect that was discovered in 2012. It is located in the North Sea, 128 kilometres west of Florø, which is base for .... [+ read more] the operation. Total E&P Norge AS is operator and has a 40% share in the license.

30 May 2014

'Sevan Louisiana' goes to work for LLOG

Following the press release on 16th May, 2014 Sevan Drilling (Sevan) has announced that the company’s ‘Sevan Louisiana’ drilling unit has completed acceptance testing and commenced its 1,095 day contract with LLOG in the US Gulf of Mexico. The ‘Sevan Louisiana’ began the contract on the on 28th May, 2014 and will be working for the operator until 2017, with a .... [+ read more] dayrate of USD505k associated. The ‘Sevan Louisiana’ is Sevan’s third operational unit, with the company set to receive its fourth unit later in 2014, although it has not be confirmed if Sevan will take delivery of the ‘Sevan Developer’ unless they are able to confirm a firm contract for the unit.

30 May 2014

'HAI YANG SHI YOU 944' construction begins in China

China Oilfield Services Limited (COSL), has announced that construction of its 400-feet jack-up rig ‘HYSY944’, which was ordered in 2013, commenced recently at China Merchants Heavy Industry Company’s shipyard after completing the design and procurement stages. The ‘HYSY944’ is expected to complete construction and be delivered towards the end of 2015. ‘HYSY944’ adopted the CJ50-X120-F hull designed by GUSTO MSC. It .... [+ read more] is a cutting-edge high-end jackup rig widely recognized in the international market. It is designed to operate at water depths of 400ft and is capable of performing drilling operations at depths of up to 30,000ft. Distinguished from the other existing jack-up rigs, ‘HYSY944’, with its large pile shoe design, meets the operation requirements in some soft-crust regions, where more drilling depths are required. This will help enhance COSL's equipment competitiveness.

29 May 2014

Greenpeace activists in the hands of the police

The activists on board the Transocean Spitsbergen are now in the hands of Norwegian police. The rig was on its way for planned exploration drilling in the Hoop-area in the Barents Sea when Greenpeace activists boarded the rig in the early hours of Tuesday, 27 May. Statoil is very pleased that the illegal action on the rig now has .... [+ read more] ended without anyone being injured. The rig will now prepare for transit to the drilling site for the Apollo well in the Hoop area. Statoil has a permit to start the drilling operations, but awaits a final decision on a Greenpeace appeal to the Norwegian Ministry of climate and environment before drilling into oil-bearing layers.

29 May 2014

Arabian Drilling snap up under construction jackup

Clearwater Capital Partners, LLC (Clearwater), through an entity wholly owned by private investment funds managed by Clearwater, has completed the sale of a Keppel FELS B Class jackup rig with hull number B351 to Arabian Drilling Company (ADC). Mr. Mohamed Yusof Al-Rafie, Chairman of ADC said, “We are pleased to announce the purchase of B351. It will be the fourth rig .... [+ read more] of KFELS B Class in ADC’s offshore fleet. Together with the current high specification jackups, this purchase will enable us to offer Saudi Aramco and Al-Khafji Joint operations (AGOC/ KGOC) productive, safe and cost efficient drilling operations. Dr. Yao Chye Chiang, Chief Operating Officer of Clearwater said, “We are pleased to announce the sale of the B351 jackup rig to ADC. This is the first rig of the two rig order we placed with Keppel in late 2013 and provides a substantial return on investment for Clearwater. “The Keppel FELS B Class is a proven design which has been the rig of choice for leading oil companies in the industry. Our strategy of building proven design rigs and partnering with the world’s leading rig builder has served us well. “We continue to see strong demand for new high specification jack up rigs as the industry continues its rig replacement trend including significant demand from the Middle East for premium equipment where the upgrading of Saudi Aramco’s jackup fleet remains a key driver.” The sale of the B351 unit to ADC leaves Clearwater with one further under construction jackup rig at Keppel in Singapore, with delivery slated for 2016. This is the second time Clearwater has sold under construction jackup rigs, following on from its sale of four units to Norway based Standard Drilling (SD) in early 2011. SD then proceeded to sell the units onto other rig operators.

29 May 2014

'Msheireb' goes to work for Oxy

Gulf Drilling International (GDI) ,a subsidiary of Gulf International Services (GIS), and Occidental Petroleum of Qatar (Oxy) have jointly announced that the jack-up drilling rig ‘Msheireb’, which was acquired by GDI earlier this year and refurbished, has been accepted by Oxy for drilling operations that are set to commence this week. ‘Msheireb’ will be the 3rd GDI rig currently working for .... [+ read more] Oxy with the rigs ‘Al Rayyan’ and ‘Al Wajba’ already under contract. Oxy’s President and General Manager Steve Kelly said: “We are pleased to mobilize our third drilling rig provided by GDI to support Oxy’s active development program. He commended GDI for the excellent performance of its rigs and looked forward to continuing to enhance the mutually beneficial relationship between Oxy Qatar and GDI. Mr. Kelly also emphasized the importance of safe operations and expressed confidence that GDI would continue to work with Oxy Qatar to maintain and enhance safety performance as the rig fleet expands.” GDI’s Chief Executive Officer, Mr. Ibrahim J. Al Othman said: “I am pleased to have attained Oxy’s contractual acceptance of the rig and note with pride that Msheireb would be GDI’s 8th jack-up rig to go into service. He added that with three of its eight jack-up rigs now working for Oxy, a fine working relationship has developed with Oxy, as evidenced by the Performance Recognition Award that Oxy gave GDI signifying that GDI’s safety, operational performance and equipment reliability was amongst the best of all rigs working for Oxy worldwide.” Mr. Al Othman further advised: “The refurbishment work has been completed and the rig will mobilize on schedule. The successful on-time commencement of this five year contract, valued at approximately QR865 million, is also very welcome.” ‘Msheireb’ is a very capable rig. It has a 60 feet cantilever outreach; can drill to a depth of 25,000 feet; operate in a water depth of 300 feet; and accommodate 116 persons.

28 May 2014

Total set to drill third well in PL554

The Norwegian Petroleum Directorate (NPD) has granted Total E&P Norge AS a drilling permit for well 34/6-3S, cf. Section 8 of the Resource Management Regulations. Well 34/6-3S will be drilled from the Leiv Eriksson drilling facility in position 61° 34’ 29.55" north and 2°, 43’, 48.70" east, after concluding drilling of wildcat well 35/9-6 S for RWE Dea Norge AS in .... [+ read more] production licence 420. The drilling programme for well 34/6-3 S relates to the drilling of a third well in production licence 554. Total E&P is the operator with an ownership interest of 40 per cent. The other licensees are Spike Petroleum (20 per cent), Det Norske (20 per cent) and Svenska Petroleum (20 per cent). The area in this licence consists of 156.15 square kilometres, all in block 34/6. The well will be drilled about 120 kilometres west of Florø. Production licence 554 was awarded on 10 February 2010 (APA 2009). This is the third well drilled in the licence. The objective of the well was primarily to delineate the oil discovery in the Cook formation, made in well 34/6-2 S. The secondary objective of the well was to explore the upside potential of the Statfjord formation. A sidetrack is also planned in order to prove potential hydrocarbons in the Statfjord and Cook formations. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

27 May 2014

RWE completes three appraisal wells in Norway

RWE Dea Norge AS, operator of production licence 420, has completed drilling of appraisal wells 35/9-11 S and 35/9-11 A on the 35/9-6 S oil, gas and condensate discovery. The discovery was proven in Jurassic reservoir rocks in the winter of 2010. Appraisal wells 35/9-11 S and 35/9-11 A were drilled 1.7 kilometres southwest of the 35/9-6 S discovery well. Before .... [+ read more] wells 35/9-11 S and A were drilled, the operator’s resource estimate for the discovery was between 2 and 10 million Sm3 recoverable oil equivalents. Well 35/9-11 A was drilled 30 metres from 35/9-11 S for optimal core samples. The objective of the wells was delineating the 35/9-6 S discovery to the southwest by proving additional resources and reducing the uncertainty regarding reservoir thicknesses and properties. Wells 35/9-11 S and 35/9-11 A encountered oil in the Heather formation, Brent Group, Drake formation and top part of the Cook formation and Statfjord Group in Jurassic reservoir rocks. The reservoirs have different pressure regimes. Formation water was encountered in the lower part of the Cook formation, but no oil/water contact was encountered in the other formations. The reservoir quality in the Heather, Tarbert, Etive, Cook formations and Statfjord Group is poor. Extensive data acquisition and sampling have been carried out. Pressure data indicates that there is no communication with the northern part of the 35/9-6 S discovery. The resources in the discovery will now be evaluated based on the results from the new wells. These are the second and third exploration wells in production licence 420. The licence was awarded in February 2007 (APA 2006). Appraisal wells 35/9-11 S and 35/9-11 A were drilled to respective vertical depths of 3733 and 3795 metres below the sea surface with associated measured depths of 3800 and 3860 metres below the sea surface. 35/9-11 S was terminated in the Dunlin Group and 35/9-11 A in the Statfjord Group, both in Lower Jurassic. Water depth is 368 metres. The wells were temporarily plugged and abandoned. The wells were drilled by the Leiv Eiriksson drilling facility, which will now proceed to production licence 554 in the northern North Sea to drill appraisal well 34/6-3 S, where Total E&P Norge AS is the operator.

27 May 2014

Faroe successfully appraises Pil prospect

Faroe Petroleum (Faroe), the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announce the completion of a successful initial side-track appraisal well on the Pil oil and gas discovery (Faroe 25%) in the Norwegian Sea. The Pil side-track well (6406/12-3 B) was drilled to .... [+ read more] appraise for additional hydrocarbons along the Pil structure and down-dip from the initial discovery well, has reached a total depth of 3,996 metres below sea level. Results based on extensive coring, wireline logs and pressure data show that the well has encountered oil in reservoir sands with a very high net to gross ratio. Preliminary data indicate a gross hydrocarbon-bearing reservoir section with approximately 80 metres of oil in the Upper Jurassic reservoir of the Rogn Formation. The oil-bearing interval in the side-track well was found to be at a similar pressure level to the oil bearing interval in the initial discovery well. As announced on 6th March 2014, the Pil discovery well (6406/12-3S) encountered a gross hydrocarbon-bearing reservoir section with approximately 135 metres of oil and 91 metres of gas in the Upper Jurassic reservoir of the of the Rogn Formation. A subsequent drill stem test generated a stable flow rate of 6,710 bopd of 37° API oil from a 56/64” choke, providing clear evidence of a prolific reservoir. A second side-track well is planned to commence in the coming days to test the separate Bue prospect, which has the potential to add further volumes to the Pil discovery. The Pil discovery is located within tie-back distance some 33 kilometres to the south east of the Njord platform in which the Company holds a 7.5% working interest. The vertical depth of the well is currently at 3,605 metres. The Pil licence drilling operations are operated by VNG Norge AS (30%) using the ‘Transocean Arctic’ drilling rig, with partners Spike Exploration Holdings AS (30%) and Rocksource Exploration Norway AS (15%).

27 May 2014

'Noble Paul Romano' spuds first Malta wildcat since 2002

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), the operator of Malta Block 7 of Area 4, that the semi-submersible rig 'Noble Paul Romano' has been secured on location and that the Hagar Qim .... [+ read more] 1 well spudded at 08:00 hours on 24th May 2014. The well, located approximately 130km south of Malta in c.450m of water, is anticipated to take a minimum of 2 to 3 months to complete operations. The Hagar Qim well is the 11th well to be drilled offshore Malta. The last exploration well that was drilled was the Lampuko well in 2002.

27 May 2014

Affanga disappoints for Ophir in Gabon

Ophir Energy plc (Ophir) announces that drilling operations have now concluded on the Affanga Deep-1 well in the Gnondo Block offshore Gabon. Ophir has a 100%* operated interest in the Block. The well was drilled by Vantage Drilling’s ‘Titanium Explorer’ drillship to a depth of 4,240m TVDSS and was targeting a number of reservoir intervals of Turnonian and Cenomanian age. The .... [+ read more] well encountered thinner than expected sandstone sections with poor reservoir characteristics. Gas and indications of liquids were encountered during drilling but significant hydrocarbon shows were not encountered in the target formations. Cuttings have confirmed the presence of a Cenomanian oil prone source rock which may have positive implications for the prospectivity of the wider Ogooué Delta outboard play and for the Deepwater play to the west of this location. Log and cuttings analysis is continuing. The rig will now move to spud the pre-salt Okala prospect on the Mbeli Block. The Okala-1 well is expected to take approximately 40 days to complete. *OMV farm-in for a 30% net interest is subject to Government approval

27 May 2014

Greenpeace activists board Apollo prospect bound rig

On the morning of 27th May, Greenpeace activists boarded the drilling rig ‘Transocean Spitsbergen’. The rig was en route to the Hoop area in the Barents Sea. On Monday Statoil got approval from the Norwegian Ministry of Climate and Environment to start drilling operations tied to the Apollo prospect in the Hoop area. The company is not allowed to drill into .... [+ read more] oil-bearing layers until the complaint from Greenpeace has been dealt with by the ministry. Statoil respects the right for legal protests and believes it is important with a democratic debate on the oil and industry. Statoil has had a dialogue with Greenpeace over the last few months. We have informed about our exploration plans in the Barents Sea and the emergency response setup for the operations on several occasions, and Greenpeace has been given the opportunity to explain their views and ask questions. For Statoil the safety of people and the environment is the first priority, and we do not want activity that can increase the risk level. Greenpeace has been explained the risk associated with actions against a rig in open waters. When they still use this form of protest we believe they act irresponsibly and illegally. For us it is important to state that the Hoop area has been through an impact assessment and has been opened for petroleum activity by Norwegian authorities. Hoop is an area with known geology, low pressure and temperature, and where Statoil has robust plans for the operations. An oil spill is very unlikely, but at the same time we have put in place a number of barriers to be able to handle a situation should it occur. The rig is now about 300 kilometres offshore and there is a dialogue between the crew on board the rig and the activists.

27 May 2014

'Spartan 202' spuds SM6#1 well

Byron Energy Limited (Byron) advises that the contracted jack-up drilling rig, ‘Spartan Rig 202’, spudded the SM 6 #1 (“SM 6 #1”) well located in South Marsh Island Block 6 (“SM 6”) on Saturday, 24th May 2014, at approximately 3.15 PM (USA Central Time). Current operations at the SM 6 #1 well are preparing to run 10 ¾” conductor casing at .... [+ read more] 1,535 feet (468 metres) measured depth (1,531 feet true vertical depth). Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and a 81.25% net revenue interest in SM 6. SM 6 is located offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA. Byron will provide further progress drilling reports as material information becomes available.

27 May 2014

Nido spuds Baragatan-1A

Nido Petroleum Limited (Nido) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited wishes to advise that the Baragatan-1A well was successfully spudded on 25th May 2014. The 30” conductor pipe was run to a depth of 173.3 metres Measured Depth and successfully set across the unstable geological zone. Following the setting of the .... [+ read more] 30” conductor the well will be drilled to the 13 3/8” casing point around 982 meters Measured Depth (950 meters TVD sub-sea). Nido will provide further progress reports to the market at key casing points during the drilling of the well. The Baragatan-1A well is being drilled using the ‘UMW Naga 5’ jackup.

27 May 2014

'Atwood Eagle' spuds Phoenix South-1 in Australia

Carnarvon Petroleum Limited (Carnarvon) has announced that the ‘Atwood Eagle’ semi-submersible drilling rig has successfully spudded the Phoenix South-1 well within WA-435-P on the North West shelf of Western Australia. Spudding occurred on the 25th May 2014 and by 24:00 hours, the operator had drilled the conductor hole to 228.2m. Drilling is expected to take 60-70 days, which includes time for .... [+ read more] logging and testing. The Phoenix South-1 well is scheduled to reach a total depth of 4,500m, but could be extended to 5,000m depending on the presence of gas below 4,500m.

26 May 2014

Tullow completes dry well north of Troll field

Tullow Oil Norge AS, operator of production licence 550, is about to complete drilling of wildcat well 31/2-21 S. The well was drilled about 12 kilometres northwest of the Troll C platform in the North Sea. The primary exploration target for the well was to prove petroleum in Upper Jurassic reservoir rocks (Draupne formation). The secondary exploration target was proving petroleum .... [+ read more] in Upper and Middle Jurassic reservoir rocks (Sognefjord, Fensfjord, Krossfjord formations and the Brent Group). The well did not encounter reservoir rocks in the Draupne formation. In the secondary target, reservoir rocks were encountered in the Sognefjord, Fensfjord, Krossfjord formations and the Brent Group. The reservoirs are of good quality, but are water-filled. The well is dry. Data acquisition has been carried out. This is the first exploration well in production licence 550. The licence was awarded in APA 2009. The well was drilled to a vertical depth of 3217 metres below the sea surface and terminated in Lower Jurassic reservoir rocks (Cook formation). The water depth is 348 metres. The well will now be permanently plugged and abandoned. Well 31/2-21 S was drilled by Borgland Dolphin which will now proceed to production licence 558 in the Norwegian Sea to drill wildcat well 6507/5-7, where E.ON E&P Norge AS is the operator.

23 May 2014

KS Energy bags new contract for 'KS Medstar-1'

KS Energy Limited (KS) has announced that the company’s subsidiary KS Drilling Pte Ltd (KS Drilling) has been awarded a new contract for the ‘KS Medstar-1’ jackup rig. Atlantic Marine Services Egypt S.A.E, the jackups operator received confirmation from Belayim Petroleum Company (Petrobel) of the extension of their contract for the charter of the ‘KS Medstar-1’, the group’s 300ft cantilever jackup .... [+ read more] drilling rig. The contract is for a firm one year period with an additional one year option, which took effect on the 15th May 2014. The contract extension is has a total value of approximately USD40.9 million.

23 May 2014

Lundin spuds Gohta appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 7120/1-4s in PL492 has commenced. The well will appraise the hydrocarbon potential of the Gohta discovery in PL 492, which is located 155 km northwest of the Norwegian coast (189 km northwest of Hammerfest) and 5.7 km .... [+ read more] northwest of the original Gohta discovery well. The main objective of well 7120/1-4s is to test the reservoir properties and hydrocarbon potential of the Permian carbonates in the Gohta karst Røye formation and the overlying Kobbe formation sandstones. The Gotha discovery well 7120/1-3 was completed in October 2013 and found a 25 metre gross gas column above a 75 metre gross oil column in karstified and dolomitized limestone. The well production tested approximately 4,300 bopd through a 44/64" choke and the preliminary evaluation of the gross recoverable oil and gas resources from the Gohta discovery is estimated at between 105 and 235 million barrels oil equivalent. The planned total depth is 2,930 metres below mean sea level and the well will be drilled using the drilling rig ‘Island Innovator’. Drilling is expected to take approximately 65 days. Lundin Norway is the operator and has a 40 percent working interest in PL 492. The partners are Det norske oljeselskap ASA with a 40 percent working interest and and Noreco Norway AS with a 20 percent working interest.

23 May 2014

Westcon preparing for arrival of 'Maersk Intrepid'

The world’s largest jackup rig, the ‘Maersk Intrepid’ is expected to arrive in the Westcon shipyard in Norway on the 6th June 2014. The shipyard has gone under a number of improvements in recent years; among them is the preparation of the seabed outside the quay to provide jackups with safe moorings. The ‘Maersk Intrepid’ will be the first jackup to .... [+ read more] use this when it arrives at the shipyard. The unit is planning to stay at the Westcon yard for 50-60 days to train the crew, install third party equipment and test on board systems before drilling for Total on the Martin Linge field.

23 May 2014

Statoil granted drilling permit forl Apollo well

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 7324/2-1 cf. Section 8 of the Resource Management Regulations. Well 7324/2-1 will be drilled from the Transocean Spitsbergen drilling facility at position 73°51'47.90" north and 24°32'29.90" east. The drilling program for well 7324/2-1 relates to the drilling of a wildcat well in production licence 615. .... [+ read more] Statoil Petroleum AS is the operator with an ownership interest of 35 per cent. The other licensees are ConocoPhillips Scandinavia AS with 25 per cent, OMV (Norge) AS with 20 per cent and Petoro AS with 20 per cent. The area in this licence consists of parts of blocks 7324/1, 2, 3 and 7325/1. Production licence 615 was awarded on 13 May 2011 in the 21st licensing round on the Norwegian shelf. This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

23 May 2014

Lundin granted drilling permit for appraisal well in PL359

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-8, cf. Section 8 of the Resource Management Regulations. Well 16/4-8 S will be drilled from the Bredford Dolphin drilling facility at position 58°39’53.32’’ north and 02°16’24.76’’ east in the central part of the North Sea. The drilling programme for well 16/4-8 S relates to .... [+ read more] the drilling of an appraisal well in production licence 359. Lundin is the operator with a 40 per cent ownership interest. The other licensees are Premier Oil Norge AS with 30 per cent, OMV (Norge) AS and Statoil Petroleum AS with 15 per cent each. The area in this licence consists of the south-western part of block 16/1 and the northern half of block 16/4. The well will be drilled 3.9 km southwest of well 16/4-6 S and 5 km northwest of well 16/5-5 in production licence 410. Production licence 359 was awarded on 6 January 2006 (APA 2005). This is the third well to be drilled within the licence area, while three wells have been drilled previously in the western part of the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

22 May 2014

Eni successfully appraises Agulha discovery , in Mozambique Area 4

Eni has successfully executed the appraisal campaign for the Agulha discovery, located in Area 4 offshore Mozambique. The delineation was carried out through the Agulha 2 well, which was drilled in water depth of 2,603 metres and reached a total depth of 5,645 metres. The well is located in the southern part of the Area 4 Block, approximately 12 kilometres .... [+ read more] south of the Agulha 1 discovery well and 80 kilometres off the Cabo Delgado coast. The Agulha 2 well, which is the twelfth well successfully drilled in Area 4, proved about 25 meters of gas column in good quality Paleocene reservoir sandstones and confirmed the southern extension of the field. Eni is considering further exploration drilling in the southern part of Area 4 after Agulha 2. Total resources discovered in Area 4 are estimated at approximately 85 Trillion cubic feet of gas in place. Eni is the operator of Area 4 with a 50% indirect interest owned through Eni East Africa, which holds 70% of Area 4. The other partners are GalpEnergia (10%), KOGAS (10%) and ENH (10%, carried through the exploration phase). CNPC owns a 20% indirect participation in Area 4 through Eni East Africa.

22 May 2014

Maersk Drilling's releases Q1 2014 results

Maersk Drilling delivered a profit of USD116m (USD146m) in the first quarter of 2014. The result was negatively impacted with USD30m compared to the first quarter result last year mainly due to planned yard stays and the intake of two new rigs. “2014 is a year of execution in progressing on Maersk Drilling’s ambitious growth strategy. As expected our first .... [+ read more] quarter result is negatively impacted by planned yard stays and the intake of two new rigs in our fleet. However, it is positive to see that we still deliver a stellar operational performance with 97% uptime for the fifth consecutive quarter in a row, which proves the strength of our business and our ability to deliver on our long-term goal of USD 1bn by 2018,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board in the A.P. Moller - Maersk Group. Maersk Drilling’s ambitious growth strategy includes investments of USD5.2bn in eight new rigs being delivered between 2014 and 2016. In the first quarter in 2014, Maersk Drilling took delivery of its first drillship, the ‘Maersk Viking’, and the first ultra-harsh environment jack-up rig, the ‘Maersk Intrepid’. Contracts have been secured for six of the eight newbuilds. Maersk Drilling is in discussions with oil companies for employment on both short and longer term contracts for the last two drillships, which have not yet achieved a contract. “We are currently seeing a slowdown in the deepwater market due to oil companies postponing several drilling programmes. We expect intensified competition in especially 2014 and 2015 for longer term jobs. However, there are still many short-term jobs, which will help absorb the supply. Despite the short term challenges, we maintain our positive long term view on the deepwater market, and our strong contract coverage shows that we are in the right markets, and that our services offered resonate well with our customers,” says Claus V. Hemmingsen. Maersk Drilling’s forward contract coverage is 93% for the remaining part of 2014, 70% for 2015 and 50% for 2016. The total revenue backlog for Maersk Drilling at the end of Q1 2014 amounted to USD7.4bn (USD6.5bn). Maersk Drilling expects a result for 2014 below the result for 2013 (US 528m) due to an extensive yard stay programme, one-time costs associated with training and start-up of operation of six new rigs and delays in the delivery of newbuilds due to interruptions in the delivery of certain equipment and services from sub-supplier.

22 May 2014

'UMW Naga 5' to re-spud Baragatan-1 well

Nido Petroleum (Nido) on behalf of the SC 63 joint venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) has announced that the Bragatan-1 exploration which was spudded on the 15th May 2014 needs to be re-spudded. During the drilling of the 36” top-hole section the well encountered an unexpectedly unstable geological zone which precluded the setting of the 30” conductor .... [+ read more] pipe at the planned depth of 169.5m measured depth. The forward plan is to move the ‘UMW Naga 5’ rig approximately 100m for the current surface location and re-spud the well. Nido will provide further progress reports to the market at key casing points following the re-spudding of the well.

22 May 2014

'Ralph Coffman' begins mobilisation to Morocco to spud TAO-1 well

Tangiers Petroleum (Tangiers) has confirmed work will get underway on its first Moroccan exploration well in mid to late June. This follows the mobilisation of the ‘Ralph Coffman’ jack-up rig, which will target a best estimate of 758mln barrels of the black stuff. The ‘Ralph Coffman’ has been in a shipyard in Egypt since the beginning of April 2014, but Tangiers .... [+ read more] confirms that the unit has now begun mobilisation to Morocco. Tangiers has a 25% interest in the block where the TAO-1 well is being spudded. The TAO-1 well is operated by Portugal’s Galp Energia, which has a 50% interest, with the remaining stake owned by ONHYM, the state-controlled oil company. Tangiers managing director Dave Wall described TAO-1 as a “highly attractive prospect for Tangiers' shareholders”. "It is a very large structure located in shallow water within a proven play fairway and adjacent to an existing oil discovery," he said. "All the ingredients required for exploration success are present in the region, giving Tangiers, and its shareholders, a good chance of success at TAO-1."

22 May 2014

'Transocean Legend' spuds Pharos-1

Pharos-1, the sixth and final well in the Browse Basin Phase 2 exploration drilling campaign, was successfully spudded by the ‘Transocean Legend’ rig on the 20th May 2014. As of 0600 WST on 22nd May 2014 the well was being drilled ahead in the 17-1/2” hole section, with a current well depth of 716mRT. Pharos-1, is located approximately 9 kilometres north .... [+ read more] east of Preoteus-1 and will be a further test of the Proteus-Crown trend. Pharos-1 is targeting an extension of the discovery made at Proteus-1. The exploration campaign is operated by ConocoPhillips in the Greater Poseidon trend, where ConocoPhillips is the operator of the WA-315-P permit in which Karoon Gas Australia Ltd holds a 40% interest.

21 May 2014

Welwitschia-1 well drilling suspended

Tower Resources plc (Tower), the Africa-focussed oil and gas exploration company, has provided an update on drilling operations for the Welwitschia-1 well in Namibia. At present there has been a delay to the drilling schedule, with Tower not expecting drilling operations to recommence until the end of May 2014.On 23 April 2014, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited (Neptune), .... [+ read more] Tower announced that it had received formal notification from Repsol Exploration (Namibia) (Pty) Limited (Repsol), the operator of Namibia PEL0010 (Neptune 30% working interest), that the ‘Rowan Renaissance’ Drillship spudded the Welwitschia-1 well at 14:40 GMT. The drilling operations were expected to be completed within 46 days and the well status was to remain "tight hole" with a full update once operations on the Welwitschia-1 well had been fully completed and analysed.Tower, along with the PEL0010 joint-venture partners (the "JV Partners") wish to provide the following update: Following the spud of Welwitschia-1 and installation of the 36-inch casing it was observed that the wellhead housing had "slumped". A decision was taken by the JV Partners to plug and abandon the Welwitschia-1 well and re-spud the well as Welwitschia-1A at a distance of approximately 50 metres from the original spud location. Welwitschia-1A was spud at 3:30am on 1 May 2014 with no recurrence of the above issue. Despite the delay, it was expected that the re-spud would not impact on the overall cost or timing of the well. Repsol has since reported a further operational delay to the drilling programme due to a fault with part of the Blow Out Preventer (BOP) control system. Drilling has been suspended whilst Repsol and the drilling contractor, Rowan, are taking measures to rectify the fault so that they are able to recommence drilling safely. It is estimated that commissioning issues relating to the BOP control system will delay further drilling until the end of May 2014. The current status of the well is that casing has been set to a depth of 1,879 metres and we anticipate drilling into the primary target section shortly following the restart of drilling operations. The cost implications of the delay are currently being examined by the JV Partners and depend upon allocation between Repsol and the drilling contractor, Rowan. However, it is the view of Tower and the JV Partners that the well will be completed within budget despite the recent delays.

21 May 2014

Hercules Offshore announces construction of newbuild jackup

Hercules Offshore, Inc. (Hercules) has announced that it has signed a five year drilling contract with Maersk Oil North Sea UK Limited for a newbuild jackup rig to be owned and operated by Hercules Offshore. Total contract value is approximately USD420 million, which includes approximately USD9 million of mobilization fees. Contract commencement is expected in mid-2016, upon arrival of the .... [+ read more] unit in the North Sea from Singapore. Hercules has also signed a rig construction contract with Jurong Shipyard Pte Ltd (JSL) in Singapore. The rig is based on the Friede & Goldman JU-2000E design, with enhancements that will provide for greater load-bearing capabilities and operational flexibility. These enhancements are based on collaborative efforts between Maersk Oil, JSL and Hercules. In addition, this High Specification, Harsh Environment (HSHE) rig will feature a 400 foot water depth rating, 30,000 foot drilling capacity, two million pounds of static hook load, 75 foot cantilever reach, off-line pipe handling capability, 15,000 psi blowout preventer systems, high pressure/high temperature rating and accommodations capacity for up to 150 personnel. The shipyard cost of the rig is estimated at approximately USD236 million. Including project management, spares, commissioning and other costs, total delivery cost is estimated at approximately USD270 million. Hercules initially pays 10% of the shipyard cost, or approximately USD24 million to JSL, followed by a second 10% payment one year after the initial payment. The final 80% of the shipyard payment is due upon delivery of the rig, estimated in April 2016. John T. Rynd, Chief Executive Officer and President of Hercules Offshore stated, "The contract with Maersk Oil is a great achievement for our organization and marks another significant milestone in the development of our Company. Strategically, this opportunity further demonstrates our worldwide capabilities and expands our operational footprint to the North Sea with a leading operator in the region. The rig will operate in the Central North Sea to develop Maersk Oil's high profile Culzean Field. The decision by Maersk Oil to contract a newbuild rig with specific enhancements was driven by the unique challenges to develop this field. Given these enhancements, we expect demand for this rig in the North Sea to extend well beyond the initial five year fixed contract term, with two (2) one-year unpriced options. The newbuild unit is the first jackup order placed solely by Hercules for a number of years. The rig manager was involved in the construction of the ‘Hercules Resilience’ and ‘Hercules Triumph’ both of which were launched in 2013 and will manage the ‘Perisai Pacific 101’ unit upon its delivery from the shipyard in Singapore in 2014.

20 May 2014

'Noble Paul Romano' mobilises to drilling location in Malta

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), a wholly owned subsidiary of Genel that the ‘Noble Paul Romano’ rig was accepted under contract on the 18th May 2014. The unit is now mobilising .... [+ read more] to the Hagar Qim 1 well location in Block 7 of Area 4 to the south of Malta. Announcement of the mobilisation of the rig means that the spudding of the Hagar Qim 1 well is now imminent.

20 May 2014

Centrica all set to drill Butch South West

The Norwegian Petroleum Directorate has granted Centrica Energi (Norge) AS a drilling permit for wellbore 8/10-6 S. Wellbore 8/10-6 S will be drilled from the Mærsk Giant drilling facility at position 57°3’09.92’’N and 3°3’42.12”E. The drilling program for wellbore 8/10-6 S relates to drilling of a wildcat well in production licence 405. Centrica Energi (Norge) AS is the operator with .... [+ read more] an ownership interest of 40 per cent. The licensees are Suncor Energy Norge AS with 30 per cent, Faroe Petroleum Norge AS with 15 per cent and Tullow Oil Norge AS with 15 per cent ownership interests. Production licence 405 was awarded in APA 2006. The area in this production licence is located in the southern part of the North Sea and consists of parts of blocks 7/9, 7/12, 8/7, 8/8, 8/10 and 8/11. Wellbore 8/10-6 S is the sixth exploration well in this production licence. The drilling permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

20 May 2014

'Kant Tan IV' begins mobilisation to spud Oi-1 well in New Zealand

AWE Limited (AWE) reports that as at 06:00 hours (6.00am NZDT) today the Pateke-4H development well was successfully completed and suspended for production at a later date. Production from Pateke-4H is planned for 1H calendar year 2015 following the installation and commissioning of a sub-sea flow-line and ancillary control equipment connecting the well to the Tui Field gathering system. This work .... [+ read more] is scheduled to commence in Q1 2015. Preparations are being made to relocate the ‘Kan Tan IV’ drilling rig 12km to the northeast of the Tui field for the spudding of the Oi-1 exploration well location. On current planning Oi-1 is expected to commence drilling during the last week of May and a separate announcement will be made on commencement of drilling. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007.

20 May 2014

BP extends 'Deepsea Stavanger' contract in Angola

Odfjell Drilling has announced that the company’s ‘Deepsea Stavanger’ semisub rig has been awarded an extension to its existing contract in Angola with BP. The contract extension is in direct continuation of the existing contract and is for six firm wells, to be drilled over a 13 month period. The contract secures work for the ‘Deepsea Stavanger’ through 2015. The contract .... [+ read more] extension is estimated to be worth USD210 million and includes two unpriced options for two wells each. The ‘Deepsea Stavanger’ has been operating for BP in Angola since November 2011 and the contract extension means that the unit will have been operating in the country for four straight years upon completion.

20 May 2014

Spartan 202 arrives at drilling location

Byron Energy Limited (Byron) advises that the contracted jack-up drilling rig, ‘Spartan Rig 202’, arrived on the Byron Energy SM6 #1 (“SM6 #1”) well location in the South Marsh Island Block 6 (“SMI 6”) on Saturday morning, 17 May 2014 (USA Central Time), and is currently jacking-up. The well is expected to spud within the next 2-3 days, weather permitting. .... [+ read more] SM6 #1 will be drilled in water depth of approximately 65 feet (20 metres), with a planned total measured depth of approximately 9,560 feet (2,915 metres) and total vertical depth of 9,320 feet (2,842 metres). It is anticipated that the well will take approximately 28 days to drill and evaluate. The well will evaluate the South West Prospect in the south west corner of a major salt dome on SMI 6, located offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA. The SM6 #1 well will be drilled to only test the un-pressured (shallow) section of the South West Prospect. Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and a 81.25% net revenue interest in SMI 6.

19 May 2014

'Atwood Eagle' mobilises to drill Phoenix South-1

Carnarvon Petroleum Limited (Carnarvon) is pleased to advise that the ‘Atwood Eagle’ semi-submersible drilling rig has been released from the previous location and is en route to the Phoenix South-1 well location within the WA-435-P exploration permit. The Company’s next scheduled announcement will occur after the Phoenix South-1 well has spudded, anticipated to be on or around the weekend of 24 .... [+ read more] - 25 May 2014. Apache Energy and JX Nippon are earning a 40% and 20% interest in the permit respectively through the drilling of the well down to 4,500 m.

19 May 2014

lamprell delivers another jackup to National Drilling Company

Lamprell Plc (Lamprell), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry, has announced the completion of construction on a further jackup drilling rig, and its delivery to Abu Dhabi’s National Drilling Company (NDC), on time and on budget. The contract for this latest NDC rig was signed in October 2011 and this is .... [+ read more] the fourth rig in a series of six identical rigs being built and delivered by Lamprell to NDC. All six rigs have been or will be designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design. The new rig has been delivered to the client following the delivery of the third drilling unit, ‘Qarnin’, in February of this year. The remaining two rigs for NDC are all proceeding on schedule and will be delivered as planned in late 2014/early 2015. This new rig for NDC is the ninth Super 116E jackup drilling unit that Lamprell has completed for various clients during the last six years. The jackup rig will be officially named, and completion will be marked, at a ceremony at Lamprell’s Hamriyah facility in the UAE towards the end of May, before departing for operations at its drilling location in Abu Dhabi.

16 May 2014

Tullow is given approval to use 'Borgland Dolphin'

Tullow Oil Norge AS (Tullow) has received consent for exploration drilling using the ‘Borgland Dolphin’ mobile drilling facility to drill well 31/10-1 in production licence 507. The well is located in the northern part of the North Sea, around 110 km west of Sotra and 36 km south of Oseberg Sør. Water depth at the site is 121 metres. Drilling is .... [+ read more] planned to begin in May/June 2014, with a duration of around 39 days, depending on whether a discovery is made. ‘Borgland Dolphin’ is a semi-submersible drilling facility of the Aker H-3 type. It was built at Harland & Wolff in Belfast, Northern Ireland in 1977 and underwent an extensive upgrade in 1999. The facility is owned by ‘Borgland Dolphin’ Pte Ltd and operated by Dolphin Drilling A/S. It received Acknowledgement of Compliance (AoC) in September 2004.

16 May 2014

ConocoPhillips makes discovery with Poseidon North-1

ConocoPhillips has successfully hit gas with its latest exploration well in the Browse basin, off the west coast of Australia. Karoon Gas Australia (Karoon), who are ConocoPhillips joint venture partner in the well announced that the Poseidon North-1 well reached a total depth of 5,288m on the 5th may 2014 afterwhich a wireline logging programme began. Karoon released the statement .... [+ read more] that, “based on cuttings, mud gas and wireline log data, Karoon interprets that the Poseidon North-1 well intersected gas bearing sands of Jurassic age across a 20 metre gross, 12 metre net reservoir interval”. After the completion of the logging operations, plug and abandonment operations began on the 13th May 2014. Upon completion of the plugging and abandonment work the ‘Transocean Legend’ semisub will be mobilised to drill the sixth exploration well in ConocoPhillips Browse basin exploration plan, the Pharos-1 well.

16 May 2014

Sevan Drilling release operational update for 'Sevan Louisiana'

Sevan Drilling (Sevan) has announced that on the 13th May 2014 the company received the USD32.5 million mobilisation fee associated with the ‘Sevan Louisiana’. The unit was mobilised to Curacao by Fairmount Marine on board the Fairmount Sherpa vessel, after which it mobilised to the drilling location in the USA using its own thrusters. The ‘Sevan Louisiana’ is now continuing with .... [+ read more] acceptance testing and is expected to begin its contract with LLOG by the end of May 2014. The unit is contracted to LLOG for a firm three years, with the contract valued at a total of USD585.5 million.

15 May 2014

Transocean secures USD953 million of new drilling contracts

Transocean Ltd (Transocean) today announced that the company has secured new contracts worth approximately USD953 million, over the previous month. In its monthly fleet update summary the world’s largest drilling rig contractor announced new contracts for the ‘Dhirubhai Deepwater KG1’, ‘Paul B. Loyd, Jr’, ‘GSF Development Driller II’, ‘GSF Constellation II’ and ‘Sedco 706’ units. The largest contract secured is associated .... [+ read more] with the ‘Dhirubhai Deepwater KG1’ drillship, with Petrobras contracting the unit for a firm three year period at a dayrate of USD440,000 (USD482 million backlog). The unit is expected to begin operations in January 2015 in Brazil, following a few months of downtime in which it will undergo contract upgrade work as well as the units five year class renewal survey.

15 May 2014

Nido spuds Baragatan-1 well

Nido Petroleum Limited (Nido) is pleased to announce on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited that the ‘UMW Naga 5’ jack-up rig spudded the Baragatan-1 exploration well in Service Contract 63, offshore the Republic of the Philippines, at approximately 8.00 am WST 15th May 2014. The well, which is being operated by .... [+ read more] Nido Petroleum Philippines Pty Ltd, is currently drilling ahead in the 36” hole section prior to setting the 30” conductor as planned. Nido will provide further progress reports to the market at key casing points during the drilling of the well.

15 May 2014

Cairn pushes back appraisal well drilling in Ireland

Cairn Energy Plc (Cairn) today announced that the company’s planned timetable for the drilling of an appraisal well at the Spanish Point gas condensate discovery is ‘under review’. In the company’s interim management statement, Cairn highlighted that due to the fact that the ‘Blackford Dolphin’ rig is not yet ready, the company has put the well under review and it will .... [+ read more] now be drilled subject to rig scheduling and regulatory approval. It’s not yet clear whether Cairn has cancelled the contract or will defer contracting the unit to a later date. The ‘Blackford Dolphin’ has been undergoing class renewal work since November 2013 at the Harland & Wolff shipyard in Belfast, Northern Ireland. Work on the unit has been extended by two months at an additional cost of US$70m, taking the whole project cost up to US$195m.

15 May 2014

'Setty' jackup completes first 9 development wells in Gabon

Total Gabon has released its financial information for the first quarter of 2014 and an update on its development drilling program on the Anguille field. The Setty jackup owned and operated by the Egyptian Drilling Company (“EDC”) has completed the first nine development wells on the Anguille field redevelopment project. The unit which has been contracted by Total since 2012 has .... [+ read more] drilled eight production wells and one injection well, all of which are now operational. A total of 21 wells are expected to be drilled in the third phase of Anguille’s development. The jackup is performing drilling operations whilst connected to the Anguille Marine Nord (“AGMN”) platform.

14 May 2014

Centrica drills duster in PL405

Centrica Resources Norge AS, operator of production licence 405, is in the process of concluding the drilling of exploration wells 8/10-5 S and 8/10-5 A. The wells are dry. The wells were drilled approx. 13 kilometres southeast of the Ula field, in the southern sector of the North Sea. The purpose of the wells was to prove petroleum in .... [+ read more] Upper Jurassic reservoir rocks (the Ula formation) in a segment east of the 8/10-4 S oil discovery ("Butch") encountered in the same production licence in 2011. Wells 8/10-5 S and 8/10-5 A encountered 45 metres and 50 metres, respectively, of sandstone in the Ula formation of good reservoir quality. Extensive data collection and sampling were carried out, which will be used in the further development of the nearby 8/10-4 S discovery. These are the fourth and fifth exploration wells drilled in production licence 405. The licence was awarded in APA 2006. Wells 8/10-5 S and 8/10-5 A were drilled to vertical depths of 2750 metres and 2263 metres below the sea surface, respectively, and were completed in the Zechstein group in the Permian age. Water depth is 66 metres. The wells will be plugged and abandoned. The wells were drilled by the Mærsk Giant drilling facility, which will now drill exploration well 8/10-6 S in a segment south of the 8/10-4 S oil discovery in the same production licence.

13 May 2014

'Spartan 202' mobilisation held up by weather

Byron Energy Limited (Byron) advises that mobilisation of the contracted jack-up drilling rig, ‘Spartan Rig 202’, to the Byron Energy SM6 #1 well location (“SM6 #1”) in the South Marsh Island Block 6 (“SMI 6”) has been delayed due to high sea conditions which have prevented the rig from safely leaving its current location. A weather window of 36-48 hours is .... [+ read more] required to tow the rig from its present location to SMI 6. Current forecasts indicate more favourable weather conditions later this week. Byron's day rate contract with Spartan begins when the rig is under tow. The well will spud as soon as mobilisation of the rig is completed. SM6 #1 will be drilled in water depth of approximately 65 feet (20 metres), with a planned total measured depth of approximately 9,560 feet (2,915 metres) and total vertical depth of 9,320 feet (2,842 metres). It is anticipated that the well will take approximately 28 days to drill and evaluate. The well will evaluate the South West Prospect in the south west corner of a major salt dome on SMI 6, located offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA. The SM6 #1 well will be drilled to only test the un-pressured (shallow) section of the South West Prospect. Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and a 81.25% net revenue interest in SMI 6.

13 May 2014

COSL confirms charter contract for 'Gulf Driller I'

China Oilfield Services Limited (‘COSL’) has announced that the company has entered into a contract with ICBC Financial Leasing Co. for the chartering of a new 300ft jack-up rig ‘Gulf Driller I’. COSL has chartered the unit for a period of six years. The ‘Gulf Driller I’ jackup is identical to the recently delivered ‘HYSY 932’, which COSL chartered in April .... [+ read more] 2014. It is designed to operate at water depths of 300 feet and is capable of drilling into depths of up to 30,000 feet. The chartering of ‘Gulf Driller I’ demonstrates COSL's efforts in tapping market opportunities and enhancing its overall competitiveness. The rig is expected to commence operation at Bohai Bay in the third quarter of 2014 after delivery.

13 May 2014

PSA carries out audit on 'Maersk Reacher' jackup

On the 18th and 27th March 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Maersk Drilling's follow-up of the alarm system in the drilling control room on ‘Maersk Reacher’ jackup. The objective of the audit was to monitor how Maersk Drilling is ensuring that alarm systems comply with relevant statutory requirements, recognised international standards and guidelines and .... [+ read more] the company's own requirements and policies. The result was, one non-conformity was identified in connection with alarm rates and follow-up of the alarm system. In addition, an improvement point was identified in connection with ICT security.

13 May 2014

'Atwood Eagle' ready to mobilise to Phoenix South-1 well

Carnarvon Petroleum Limited (Carnarvon) is pleased to report that the operator of the Phoenix South-1 well, Apache Energy (Apache) has advised that the ‘Atwood Eagle’ drilling rig is expected to be mobilised to the Phoenix South-1 well location around Thursday 15th May. Drilling is expected to start approximately 5 days after the rig has commenced its mobilisation from the previous location. .... [+ read more] The Company’s next scheduled announcement will occur once the rig has commenced mobilisation.

13 May 2014

AWE to spud Oi-1 exploration well

AWE Limited (AWE) reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well was running the production tubing and associated equipment. The well will then be suspended for later production. The installation of a sub-sea flow-line and ancillary control equipment to the Tui Field gathering system to enable the Pateke-4H well to be flowed to the Tui Field .... [+ read more] FPSO “Umuroa”, is scheduled to commence in late Q1 calendar year 2015. Following the suspension of Pateke-4H, the ‘Kan Tan IV’ drilling rig will be relocated 12km to the northeast of the Tui field to drill the Oi-1 exploration well. On current planning Oi-1 is expected to spud during the last week of May.

12 May 2014

'Maersk Innovator' to drill development wells on Ekofisk

ConocoPhillips Skandinavia AS (COPSAS) has received consent to use the ‘Mærsk Innovator’ jack-up drilling rig for drilling and completion of two wells at Ekofisk 2/4-M. The Ekofisk field was discovered in 1969 and is the oldest of the oil and gas fields in production on the Norwegian Continental Shelf. The field is situated around 280 km south-west of Stavanger. Water depth .... [+ read more] at the site is approx. 73 metres. Drilling is planned to begin in June 2014, with a total duration of approximately 30 days. ‘Mærsk Innovator’ is a jack-up drilling facility built by Hyundai Heavy Industries (HHI) in South Korea in 2002. The unit received Acknowledgement of Compliance (AoC) in May 2003. It is owned by Mærsk Contractors and operated by Mærsk Drilling Norway AS. The facility is registered in Denmark with Det norske Veritas as the classification society.

12 May 2014

Lundin completes Edvard Greig appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that the appraisal drilling and testing of the well 16/1-18 on the Edvard Grieg field in the North Sea sector of the Norwegian Continental shelf has been successfully completed. The Edvard Grieg field was discovered by well 16/1-8 drilled in 2007. The .... [+ read more] appraisal well 16/1-18 was drilled 2.4 kilometres east of the Edvard Grieg production platform. The objective of the well was to appraise the reservoir properties in the south eastern part of the Edvard Grieg field in order to optimise the drainage strategy and drilling of production wells in this part of the field. The well encountered approximately 62 metres of oil bearing conglomeratic sandstone sequence dated late Upper Jurassic. The reservoir sequence was cored and an extensive logging programme was acquired. Good reservoir quality was established in the upper 43 metres and moderate reservoir quality in the lower 19 metres of the oil bearing zone. An oil down-to situation was established. A production test (DST) was carried out in a 13 metre perforation interval in the lowest part of the oil bearing zone. The test yielded over 800 barrels of oil per day through a 28/64 inch choke, demonstrating good permeability and good vertical communication across the entire 62 metres oil zone. The upper part of the reservoir with the best reservoir quality was planned to be perforated and tested in a comingled test with the lower zone, but this was cancelled due to operational issues. Nevertheless, a mini-DST in the upper oil bearing zone confirmed good quality reservoir properties. Ashley Heppenstall, President and CEO of Lundin Petroleum, commented: “The results of the Edvard Grieg appraisal well provided encouraging results in respect of the quality of the conglomeratic reservoir which is much better than seen in other wells. This provides upside in relation to the resource contribution from this reservoir where we previously assumed low recovery factors. The lack of sandstone reservoir at this location is however disappointing. At this stage I expect the impact on Edvard Grieg resources to be neutral with upside remaining from the conglomeratic reservoir.” Appraisal well 16/1-18 was drilled to a vertical depth of 2,361 metres below mean sea level (MSL) and was terminated in the Granitic basement. The well will be permanently plugged and abandoned. The water depth is 109 metres. Lundin Norway is the operator of PL338 with a 50 percent interest. The partners are OMV Norge AS with 20 percent, Statoil Petroleum AS with 15 percent interest and Wintershall Norge AS with 15 percent interest.

12 May 2014

Centrica comes up dry with Butch East exploration well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has reached target depth on the Centrica-operated Butch Eastexploration well 8/10-5S and a subsequent up-dip appraisal well 8/10-5A, the first of two back-to back-wells in Licence PL405, following up the Butch Main discovery .... [+ read more] (Faroe 15%). The Butch East exploration well spudded on 29 December 2013 and reached total depth in 8/10-5A of 2,307 metres in the Zechstein salt formation. The well targeted sandstones of the Upper Jurassic reservoir of the Ula formation and whilst a good quality reservoir was confirmed, no hydrocarbons were encountered at this location. Butch East, which is adjacent to the Company’s 2011 Butch discovery, is situated in approximately 65 metres of water depth in the Norwegian North Sea, close to significant existing infrastructure with the giant Ula field approximately seven kilometres to the north-west, Tambar approximately 10 kilometres to the south-west and Gyda approximately 20 kilometres to the south. The Butch East drilling operations are being undertaken by Centrica (40%) using the Maersk Giant jack-up drilling rig, together with the other joint venture partners Suncor Norge AS (30%) and Tullow Oil Norge AS (15%). Well 8/10-5S will now be plugged and abandoned. The operator is currently working on a development plan for the Butch Main discovery, in parallel with drilling the follow-up prospects at Butch East and Butch South West. The Maersk Giant will now move to drill a separate segment at the Butch South West well, and an announcement will be made in due course once the well has spudded.

12 May 2014

CIMC Raffles delivers new jackup to COSL

CIMC Raffles (CIMC), the Chinese based shipyard group has announced that on the 10th May 2014, it successfully delivered the jackup drilling rig ‘Gulf Driller I’. The unit which is owned by ICBC leasing, will be managed by China Oilfield Services Limited (COSL) and is due to begin mobilising for drilling operations in the Bohai gulf in China. The ‘Gulf Driller .... [+ read more] I’ is the second drilling jackup delivered to COSL by CIMC in 2014, following delivery of the ‘HAI YANG SHI YOU 932’ jackup earlier in April. The unit is a Friede & Goldman Super M2 designed jackup, capable of operating in water depths up to 300ft whilst drilling to maximum depths of 30,000ft.

12 May 2014

'UMW Naga 5' arrives at Philippines drilling location

Nido Petroleum Limited (“Nido” or the “Company”) is pleased to announce on behalf of the Service Contract 63 Joint Venture partners, PNOC-EC and Dragon Oil (Philippines SC 63) Limited, that the ‘UMW Naga 5’ jack-up rig arrived at the Baragatan-1 well location on 12th May 2014 following a ten day tow from Singapore as planned. The forward plan is to move .... [+ read more] the rig over the Baragatan-1 surface location and complete pre-loading activities ahead of spudding the well later in the week.

9 May 2014

DSIC begins construction of 'Ayu' jackup rig

Dalian Shipbuilding Industry Offshore Co. Ltd (DSIC) has announced that the shipyard successfully began construction of a DSJ400 jackup rig on 9th May 2014. The DSJ400-01 jackup rig has been ordered by Summit Drilling International Ltd and will be managed by PT Apexindo of Indonesia upon completion and named ‘Ayu’. The unit is a 400 ft jackup rig equipped with a .... [+ read more] drilling system that has a 1000 tons capacity. The units is the first ever DSJ400 rig to be constructed, with a project team from DNV GL overseeing the construction.

8 May 2014

'GSP Prometeu' drilling ahead at Muridava-1

Petroceltic International plc (Petroceltic) has announced an update on the company’s current drilling operations in Romania. The Muridava-1 exploration located on the Muridava (EX-27) licence in the Romanian Black Sea was spudded on the 11th April 2014 and drilling continues at the site. The well was spudded using GSP Offshore’s ‘GSP Prometeu’ jackup rig, which is expected to take up to .... [+ read more] two months in total to drill the well. Before beginning drilling operations at Muridava for Petroceltic the unit was completing workover activity for OMV Petrom in Romania.

8 May 2014

COSCO secures newbuild jackup order from Derwent Ocean

COSCO Corporation (Singapore) Limited (“COSCO”) has announced that the company has secured a new US$184 million contract for the construction of a newbuild jackup rig at its shipyard in Dalian, China. COSCO was awarded the contract by Derwent Ocean Limited S.A., which is part of the Foresight Group. The newbuild jackup is based on LeTourneau’s Super 116-E design and will be .... [+ read more] built to ABS classification. The rig will be able to drill in water depths up to 350ft, with a maximum drilling depth of 30,000ft, whilst accommodating 120 people on-board. Delivery of the unit has been scheduled for Q3 2016.

8 May 2014

Petronas contracts newbuild 'Perisai 101' jackup

Perisai Petroleum Teknologi Bhd (Perisai) has announced that the company has secured a contract for its first newbuild jackup rig, the ‘Perisai 101’. Upon delivery from the shipyard, ‘Perisai 101’ will begin a three year contract with Petronas Carigali Sdn Bhd (Petronas) in Malaysia. No firm start date or dayrate for the contract has been released however, the unit will begin .... [+ read more] drilling operations in mid-2014, after it has been delivered from SembCorp Marine’s PPL shipyard in Singapore. The contract marks the first drilling contract award for Perisai, which has a further two jackups rigs, ‘Perisai 102’ and ‘Perisai 103’ also under construction at the PPL shipyard in Singapore. The ‘Perisai 101’ will be managed by Hercules Offshore upon delivery and throughout its contract with Petronas.

8 May 2014

Bureau Veritas Oversees Drilling Rig Upgrade

Bureau Veritas is overseeing the upgrade of semi-submersible drilling unit ENSCO 5004. The rig, which can drill to 25,000ft in a water depth of 1,500ft, is classed by Bureau Veritas. The upgrade, which is being carried out in Malta, is expected to be completed by June 2014, in preparation for a 900-day contract working offshore Libya. During the upgrade, Bureau Veritas .... [+ read more] carried out a major classification survey covering inspection of the internal structure of ballast tanks, columns, bracings and internal girders, as well as inspection of the drill floor, helideck support structure, crane pedestals, lifeboat platform supports and heavy deck equipment foundations. This work also included an underwater survey, in lieu of dry-dock, mooring chains measurements, design reviews and inspections of several modifications. It will conclude with an inclining test and approval of the new stability booklet. Bureau Veritas’ survey centre in Malta is being supported in these surveys by the plan approval office in Houston and the marine centre in Miami, as well as by teams from the Paris head office and the equipment & materials certification unit in the UK.

7 May 2014

'Cajun Express' moves to new well location

FAR Limited (FAR) has announced that Transocean’s ‘Cajun Express’ semisub rig has been moved from the FAN-1 well location to the SNE-1 well location in Senegal. The rig has been moved whilst ongoing maintenance is completed at the FAN-1 well position and as such, the unit has been moved to drill the top-hole section of the SNE-1 well. The ‘Cajun Express’ .... [+ read more] is expected to require five to seven days to drill the top-hole section of SNE-1, after which the rig will return to the FAN-1 well in order to drill to the planned total depth. The FAN-1 well has currently been drilled to 1,200m and has 20” casing cemented in the top-hole portion of the well. Cairn Energy is the primary operator of the project offshore Senegal, with FAR having farmed into the drilling of the two exploration wells.

6 May 2014

AWE Pateke-4H well reaches total depth

AWE Limited (AWE) has reported that at 06:00 hours (6.00am NZDT) today the Pateke-4H development well was at a total measured depth of 4,772m, including a 749m horizontal section through the reservoir. The total depth was revised from the original 5,381m target due to the high quality of the reservoir encountered and to ensure a stable well bore was achieved for .... [+ read more] effective completion and production. Installation of a 6 5/8 inch slotted production liner has been completed. Preparations are being made to run the completion and suspend the well to enable production in Q1 2015 following the installation of sub-sea flowline infrastructure and tie-back to the Tui FPSO. The oil-bearing properties of the Kapuni F10 reservoir are positive. Further analysis is required to determine the expected recovery from Pateke-4H, but initial evaluation suggests a resource range consistent with the pre-drill estimate of approximately 2.5 million barrels gross. Based on the significant additional work required to mitigate the mechanical difficulties and drill the two sidetracks, gross pre-completion well costs have increased beyond the pre-drilling estimate of USD 55 million (AWE share 32 million). The revised estimated gross pre-completion well cost is USD 99 million (AWE share USD 57 million) with completion costs estimated at USD 12 million gross. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is in water depth of approximately 124m and has been drilled into a northern extension of the producing Pateke field.

6 May 2014

'Spartan 202' ready to mobilise to new drilling location

Byron Energy Limited (Byron) advises that the contracted jack-up drilling rig, ‘Spartan Rig 202’, is expected to commence mobilisation to the Byron Energy SM6 #1 well location (“SM6 #1”) in the South Marsh Island Block 6 (“SMI 6”) on Thursday, May 8 (USA Central Time), weather permitting. SMI 6 is located offshore Louisiana, 216 km southwest of New Orleans, Louisiana, USA. .... [+ read more] The well is expected to spud early in the week commencing 12 May 2014, assuming mobilisation proceeds as planned. It is anticipated that the well will take approximately 28 days to drill and evaluate. SM6 #1 will be drilled in water depth of approximately 65 feet (20) metres, with a planned total measured depth of approximately 9,560 feet (2,915 metres) and total vertical depth of 9,320 feet (2,842 metres). The well will evaluate the South West Prospect in the south west corner of a major salt dome. The SM6 #1 well will be drilled to only test the un-pressured (shallow) section of the South West Prospect. Byron, through its wholly owned subsidiary Byron Energy Inc. (the operator), has a 100% working interest and a 81.25% net revenue interest in SMI 6.

5 May 2014

'Energy Searcher' drillship arrives in Nigeria

CAMAC Energy Inc (CAMAC) Energy announced today that the ‘Energy Searcher’ drillship, owned by Northern Offshore Ltd (Northern), has arrived in Nigeria. After taking on personnel, equipment and supplies, the rig will move to the Oyo Field, where it is expected to commence drilling operations on the Oyo-8 well in mid-May. The rig, which is capable of drilling to total depths .... [+ read more] of up to 25,000 feet, and in water depths of up to 2,500 feet, is under contract for an initial term of one year, which may be extended for an additional one year, to carry out CAMAC’s development program for the Oyo Field and to drill one or more high-impact exploration wells on OMLs 120 and 121 offshore Nigeria.

5 May 2014

Kosmos Energy's FA-1 well is plugged and abandoned

Kosmos Energy (Kosmos) has announced that the company’s FA-1 well being drilled in Morocco, in the Foum Assaka Offshore block has reached a total depth of 3,830 meters and will be plugged and abandoned after failing to encounter commercial hydrocarbons. The well, which is the first in a series of play-opening wells designed to unlock the Agadir Basin, was drilled to .... [+ read more] test the salt diapir play concept targeting the Cretaceous interval in a combined structural-stratigraphic trap. This is one of several independent play types and fairways present in the Agadir Basin. Importantly, FA-1 encountered oil and gas shows while drilling and in sidewall cores suggesting the presence of a working petroleum system. The well has also provided key seismic calibration information and the well results will now be integrated into Kosmos’ ongoing petroleum system analysis; in particular, the assessment of charge and reservoir play risks, as well as the evaluation and ranking of trap types ahead of the next tests of this petroleum system in 2015 and beyond.

5 May 2014

Transocean to spin off UK based midwater drilling units into new company

Transocean Ltd (Transocean) announced today that it intends to pursue the creation of an entity comprising eight of its UK North Sea midwater drilling rigs. Transocean expects to establish the new entity, Caledonia Offshore Drilling Company (Caledonia), during the second half of 2014 and, at an appropriate stage, separate Caledonia from Transocean. The offshore drilling assets currently contemplated for .... [+ read more] transfer to Caledonia include the following rigs:‘Sedco 704’, ‘Sedco 711’, ‘Sedco 712’, ‘Sedco 714’, ‘Transocean John Shaw’, ‘Transocean Prospect’, ‘GSF Arctic II’I and ‘J.W. McLean’. The UK North Sea remains an important market for Transocean and the company is committed to maintaining its presence in the region. As such, various options for the separation of Caledonia are under consideration. Caledonia is expected to have a focused approach to assets and operations in the UK North Sea and it will continue to provide best-in-class service to customers. The creation of Caledonia reflects the continued execution of Transocean's asset strategy to improve the overall capability of its offshore drilling fleet by divesting non-core assets, complemented by the addition of new, high-specification offshore drilling rigs.

5 May 2014

'UMW Naga 5' jackup begins mobilisation to Philippines

Nido Petroleum Limited (Nido) on behalf of the Service Contract 63 (SC 63) joint venture partners; Nido Petroleum Philippines Pty Ltd, PNOC-Exploration Corporation and Dragon Oil Plc, is pleased to announce that the ‘UMW Naga 5’ jackup rig commenced mobilisation from Singapore to the Baragatan location in SC 63, on the 2nd May 2014. The unit commenced its mobilisation to the .... [+ read more] Philippines drilling location at 6.15pm AEST and Nido will update the market once the rig arrives at its location, which is anticipated to take 12 days.

5 May 2014

Statoil receives consent to use 'Transocean Spitsbergen' to drill Apollo prospect

Statoil has received consent to carry out exploration drilling of well 7324/2-1 Apollo in production licence 615 in the Barents Sea using the ‘Transocean Spitsbergen’ mobile drilling facility. Water depth at the site is approximately 430m. Statoil plans to begin drilling at the Apollo prospect in May 2014, with a duration of around 31 days, depending on whether a discovery is .... [+ read more] made. ‘Transocean Spitsbergen’ is a semi-submersible drilling facility of the Aker H-6e type. It was built at the Aker Stord yard in 2009, is registered in the Bahamas and classified by DnV. It received Acknowledgement of Compliance (AoC) in July 2009 (under its then name of Aker Spitsbergen).

5 May 2014

Statoil Awards Contract to CHC Helicopters Canada Inc. to Provide Offshore Transportation in North Atlantic

Norway-based oil-and-gas company Statoil has awarded CHC Helicopters Canada Inc. a contract to provide vital helicopter transportation to Statoil’s new exploration rig in the Atlantic Ocean, off the coast of Newfoundland. The 18-month contract calls for CHC Canada to operate two Sikorsky S-92 aircraft on behalf of Statoil. The helicopters will fly between their home base in St. John’s, Newfoundland, .... [+ read more] where CHC Canada is establishing a local presence, and Statoil’s West Hercules rig. The service is anticipated to begin in the fall of 2014. Statoil and CHC Helicopter, a service provider to CHC Canada, have extensive experience working together to assure safe operations in the North Sea – knowledge that CHC Canada will apply as it meets Statoil’s requirements off Newfoundland, where weather and sea conditions are similar.

2 May 2014

Johan Sverdrup appraisal drilling close to completion

Statoil Petroleum AS, operator of production licence 265, is currently completing the drilling of appraisal wells 16/2-19 and 16/2-19 A on the 16/2-6 Johan Sverdrup oil discovery in the central part of the North Sea. The discovery was proven in production licence 501 in the summer of 2010. Appraisal wells 16/2-19 and 16/2-19 A were drilled 2.1 kilometres north of well .... [+ read more] 16/2-12 in the northwestern part of Johan Sverdrup. The objective of well 16/2-19 was to investigate the extent, thickness and properties of Jurassic and Upper Triassic reservoir rocks, as well as the oil/water contact in the Geitungen segment on Johan Sverdrup. The well encountered a six-metre oil column in assumed Lower Jurassic to Upper Triassic sandstone with good reservoir properties. Twelve metres of silty sandstone without reservoir qualities were also encountered. Oil/water contact came in about as expected. The objective of well 16/2-19 A was to investigate Upper Jurassic reservoir rocks and reduce the uncertainty of the resource estimate for this segment by placing the well higher in the structure, 1 kilometre southwest of well 16/2-19. The well encountered a 13-metre gross oil column in Upper Jurassic reservoir rocks, three metres of which were in sandstone with very good reservoir quality. The oil/water contact was not encountered. Comprehensive data acquisition and sampling have been carried out. Multiple small-scale formation tests were carried out and the best, carried out in Upper Jurassic sandstone in 16/2-19 A, showed good flow properties. Both wells contained mobile oil in assumed Lower Triassic/Permian carbonate rocks with poor flow properties. The results from the wells will be incorporated in the work with the Johan Sverdrup field development. These are the 14th and 15th exploration wells in production licence 265, and the 10th and 11th drilled on or close to Johan Sverdrup in licence 265. The licence was awarded in 2001 (NSA 2000). Wells 16/2-19 and 16/2-19 A were drilled to vertical depths of 2024 and 1971 metres, respectively, below the sea surface, the latter with a measured depth of 2348 metres. Both wells were terminated in bedrock. Water depth at the site is 116 metres. The wells will be permanently plugged and abandoned. The wells were drilled by the Ocean Vanguard drilling facility, which will now drill well 16/2-U-7 in the same production licence, where Statoil Petroleum AS is the operator.

2 May 2014

Statoil makes discovery with new Barents Sea well

Statoil Petroleum AS, operator of production licence 532, has completed the drilling of wildcat well 7220/7-3 S. The well has been drilled in the Barents Sea, about 15 kilometres southwest of the 7220/8-1 Johan Castberg discovery and 230 kilometres northwest of Hammerfest. The well's primary exploration target was to prove petroleum in reservoir rocks from the Middle and Early Jurassic .... [+ read more] Age (the Stø and Nordmela formations). The secondary exploration target was to prove petroleum in reservoir rocks from the Late Triassic Age (the Fruholmen formation). The well encountered a 68-metre gross gas column in the Stø formation and an 86-metre gross oil column in the Stø and Nordmela formations. The reservoir quality in the Stø formation is very good. The reservoir quality in the Nordmela formation is variable, but about half of the oil zone was encountered in sandstone with very good reservoir quality. The Fruholmen formation has poor reservoir properties, and is aquiferous. Preliminary calculations of the size of the discovery are between seven and ten million standard cubic metres (Sm3) of recoverable oil equivalents. The well was not formation tested, but extensive data acquisition and sampling have been carried out. The discovery will be considered for tie-in to 7220/8-1 Johan Castberg. This is the seventh exploration well in production licence 532. The license was awarded in the 20th licensing round in 2009. The well was drilled to a vertical depth of 2029 metres below the sea surface and was terminated in the Fruholmen formation from the Late Triassic. Water depth at the site is 345 metres. The well will now be permanently plugged and abandoned. Well 7220/7-3 S was drilled by the West Hercules drilling facility, which will move on to assignments outside the Norwegian shelf.

2 May 2014

'Cuu Long' jackup enters shipyard for repairs

On the morning of the 28th April 2014, the ‘Cuu Long’ jackup rig was towed into dry dock at the Dung Quat Shipbuilding Industry Company Ltd. (DQS) shipyard in Vietnam. The unit which is owned and operated by VietSovPetro has entered the yard to undergo repair work. ‘Cuu Long’ jack-up rig has a length of 60.960 m, width 56.692m, height 6.988m, .... [+ read more] leg length of 126m and is capable of drilling wells to a maximum depth of 3000m. Estimated time for repairing the ‘Cuu Long’ jackup rig is 135 days with main electrical and automation systems, anti-corrosion painting, hull structure, ballast system, mechanical system, power system, drilling system. The total value of the contract is about 370 billion VND (USD17.2 million). Right after the rig arrived safely in the dock, DQS employees perform ventilation, lighting, installation of scaffolding, scraping fouling, washing with water, preservation of materials and equipment.

1 May 2014

Fairmount Expedition Towed Naga 3 to Vietnam

Tug Fairmount Expedition has towed jack-up rig Naga 3 safely from Labuan, Malaysia, to the PV Marine Shipyard in Vung Tau, Vietnam. The Fairmount Expedition was mobilized from Singapore for this 575 miles voyage. During the voyage the Fairmount Expedition only made use of two of her four main engines. At the Vung Tau shipyard the Naga 3 will be prepared .... [+ read more] for her next job offshore Vietnam for the Japan Vietnam Petroleum Company.

1 May 2014

'Ralph Coffman' on track to spud TAO-1 well in Morocco

Tangiers Petroleum Limited (Tangiers) has announced that the TAO-1 well off the Moroccan coast is on track to be spudded in June 2014, after the Moroccan National Office of Hydrocarbons and Mines provided final approval to a farm-out agreement between Tangiers and Galp Energia (Galp). Under the agreement Galp will pay Tangiers US$7.5 million for reimbursement of costs associated with the .... [+ read more] well. Galp has hired Rowan’s ‘Ralph Coffman’ jackup to drill the TAO-1 well, with the unit due to arrive in Morocco in May, following completion of its current contract in Egypt.

1 May 2014

BHP BIlliton contracts 'Atwood Falcon' in Australia

Atwood Oceanics Inc (Atwood) announced today that it has been awarded a new drilling services contrat for its semisub rig the ‘Atwood Falcon’. The contract has been awarded by BHP Billiton Petroleum Pty, for a firm period of 330 days with a dayrate of approximately US$430,000. The contract will begin in direct continuation of the units existing contract and comes with .... [+ read more] two 120 day options at the same dayrate. The ‘Atwood Falcon’ is currently operating for Apache in Australia until November 2014, when it is due to begin operations for Murphy.

1 May 2014

Fairmount Expedition tows 'Naga 3' jackup to shipyard

Tug Fairmount Expedition has towed jack-up rig ‘Naga 3’ safely from Labuan, Malaysia, to the PV Marine Shipyard in Vung Tau, Vietnam. The Fairmount Expedition was mobilised from Singapore for this 575 miles voyage. During the voyage the Fairmount Expedition only made use of two of her four main engines. The ‘Naga 3‘is a Gusto MSC CJ46-X100-D design jack-up rig, built .... [+ read more] in 2010 by Dubai Drydocks World and owned by UMW Petropipe/Singapore Drilling. The 70 meters long rig can drill up to 9,144 meters in depth. At the Vung Tau shipyard the ‘Naga 3’ will be prepared for her next job offshore Vietnam for the Japan Vietnam Petroleum Company.

30 Apr 2014

Statoil makes oil discovery at F-West prospect in Norway

Statoil Petroleum AS, operator of production licence 090, is in the process of concluding drilling of wildcat well 35/11-17. The well was drilled about one kilometre south of the Fram field in the North Sea. The well’s primary exploration target was to prove petroleum in Middle Jurassic reservoir rocks (the Brent group). The secondary target was to prove petroleum in Middle .... [+ read more] Jurassic reservoir rocks (the Fensfjord formation). The well encountered a 48-metre gross oil column in the Brent group, 10 metres of which has good reservoir quality in the Etive and Rannoch formations. A 38-metre gross oil column was encountered in the Fensfjord formation, 20 metres of which has good reservoir quality. Oil/water contact was established in both the primary and secondary exploration targets. An approx. 10-metre oil column was also encountered in Lower Jurassic reservoir rocks (the Oseberg formation) with good reservoir quality. The well was not formation tested, but extensive data acquisition and sampling have been carried out. The preliminary size of the discovery has been estimated at between one and three million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees in production licence 090 will evaluate the discovery along with nearby prospects with a view toward further development. This is the 16th exploration well in production licence 090, which was awarded in the 8th licencing round in 1984. The well was drilled to a vertical depth of 2889 metres below the sea surface, and was terminated in the Cook formation in the Lower Jurassic. Water depth is 357 metres. The well will be permanently plugged and abandoned. Well 35/11-17 was drilled by the Songa Trym drilling facility, which will move on to drill production well 35/11-A-31 in the same production licence, where Statoil Petroleum AS is the operator.

29 Apr 2014

COSCO delivers first tender rig to Energy Drilling

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd (“COSCO Guangdong”), a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a Self-erecting Drilling Tender Barge, to Energy Drilling. The delivery documents were signed by and between COSCO Guangdong and .... [+ read more] the buyer recently. The tender barge has a working depth of 2,000 meters, a drilling depth of 20,000 feet and is equipped with heavy lift cranes with a safe working load of 400 metric tonnes.

29 Apr 2014

Det Norske releases positive results from Johan Sverdrup appraisal well

Det norske oljeselskap ASA is as partner in production licence 265, in the process of completing drilling of appraisal wells 16/2-19 and 16/2-19A in the Johan Sverdrup oil discovery. The objective of the wells was to examine the extent and properties of the reservoir rocks in the northernmost part of the Johan Sverdrup discovery. Well 16/2-19 encountered six metres gross oil-bearing .... [+ read more] sandstone of medium to good quality assumed to constitute part of the Statfjord Group. The well was drilled to a vertical depth of 2,024 metres and was terminated in basement rocks. The license partners decided to drill a 1,000 metre sidetrack well (16/2-19A) towards the southwest in order to clarify the northern extent of the sandstones of the Draupne Formation, constituting the main reservoir on Johan Sverdrup. Here, a 12 metre gross oil-bearing sandstone/siltstone interval of medium good reservoir development was encountered in the Draupne formation. The well was drilled to a vertical depth of 1,971 metres and was terminated in basement rocks. The well results will be incorporated into the Johan Sverdrup field development work. The licensees in production licence 265 are Statoil (operator, 40 percent), Petoro AS (30 percent), Det norske oljeselskap ASA (20 percent), Lundin Norway AS (10 percent).

29 Apr 2014

AWE updates status of Pateke-4H well

AWE Limited (ASX: AWE) reports that as at 06:00 hours (6.00am NZDT) today the Pateke-4H development well was at a measured depth of 4,700m and drilling ahead on a horizontal trajectory through the Kapuni F10 sandstone reservoir with an 8 1/2 inch drilling assembly. The reservoir was intersected at 4,023m and operations have drilled 677m horizontally .... [+ read more] through the F10 reservoir section with approximately 681m remaining to reach a planned total measured depth of 5,381m, following which a 6 5/8 inch production liner will be installed. Results to date are positive with oil shows and “real time” measurement logs consistent with pre-drill estimates. The commercial significance of Pateke-4H will be determined once horizontal drilling is completed and the reservoir size and quality is fully assessed. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124m with a planned total measured depth of 5,381m, including a 1,326m horizontal section. If successful, the well will be completed for subsequent tie-back to the Tui FPSO (“Umuroa”) for production in 2015.

29 Apr 2014

VNG using 'Transocean Arctic' for Pil sidetrack

The Norwegian Petroleum Directorate has granted VNG Norge AS a drilling permit for well 6406/12-3 B and A, cf. Section 8 of the Resource Management Regulations. Well 6406/12-3 B & A will be drilled from the Transocean Arctic drilling facility at position 64°01'52.37" north and 6°45'17.46" east after completing drilling of wildcat well 6406/12-3 B and appraisal well 6406/12-3 A for .... [+ read more] VNG Norge AS in the same production licence. The drilling programme for well 6406/12-3 B relates to drilling of an appraisal well and the drilling programme for well 6406/12-3 A relates to drilling of a wildcat well, both in production licence 586. VNG Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Spike Exploration Holding AS (30 per cent), Faroe Petroleum Norge AS (25 per cent) and Rocksource Exploration Norway AS (15 per cent). The area in this licence consists of part of block 6406/11 and part of block 6406/12. The well will be drilled about 8 kilometres east of the 6406/11-1 S discovery and about 33 kilometres southwest of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). These are the second and third wells to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

29 Apr 2014

E.On receives approval for Terne prospect spud

The Norwegian Petroleum Directorate has granted E.ON E&P Norge AS a drilling permit for well 6507/5-7, cf. Section 8 of the Resource Management Regulations. Well 6507/5-7 will be drilled from the Borgland Dolphin drilling facility at position 65°32'29.71" north and 7°34'25.68" east. The drilling programme for well 6507/5-7 relates to drilling of a wildcat well in production licence 558. E.ON .... [+ read more] E&P Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are PGNiG Upstream International AS (30 per cent), Det norske oljeselskap AS (20 per cent) and Petoro AS (20 per cent). The area in this licence consists of parts of block 6507/5. The well will be drilled about 10 kilometres east of the Skarv field. Production licence 558 was awarded on 19 February 2010 (APA 2009). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

29 Apr 2014

Rig ENSCO 5006 Delivered to Singapore

Tugs Fairmount Summit and Fairmount Alpine have towed rig ENSCO 5006 safely from Cyprus to Singapore. The Fairmount twins towed the rig over about 13,000 miles. Before the departure off Limasol, Cyprus, both Fairmount tugs performed anchor handling work for the rig. On the request of its owners, cargo and crew runs were completed during a stop off at Las Palmas .... [+ read more] and a bunker stop was made at Port Nqgura, South Africa. During parts of the voyage transit speeds up to 9 knots were reached.

28 Apr 2014

'HAI YANG SHI YOU 932' jackup begins operations in Bohai Bay

China Oilfield Services Limited (COSL) has announced that it recently entered into a contract with CNOOC International Financial Leasing CO.,LTD (CNOOC) for the chartering of a new 300-feet jack-up rig – ‘HAI YANG SHI YOU 932’ from CNOOC for a firm period of five years. ‘HAI YANG SHI YOU 932’ is designed to operate at water depths of 300 feet and .... [+ read more] is capable of drilling into depths of up to 30,000 feet. The rig has arrived at Bohai Bay and commenced drilling services for clients. The chartering of ‘HAI YANG SHI YOU 932’ demonstrates COSL's efforts in enhancing overall competitiveness by three-way approach of “Charter, Buy and Build” to enter into the market quickly as well as mitigate investment risks. The unit was constructed at the CIMIC Raffles shipyard in China and has been built to Friede & Goldman’s Super M2 jackup rig design.

28 Apr 2014

Premier strikes oil at Kuda Laut

Premier Oil (Premier) today announced that company’s Kuda Laut-1 exploration well in Tuna PSC (Premier operator, 65%) offshore Indonesia has discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bearing reservoir. Oil and gas samples have been recovered to surface. Following completion of evaluation operations, the well will be side-tracked to drill the Singa Laut prospect in the .... [+ read more] adjacent fault block. The results of this side-track are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time. Premier spudded the Kuda Laut-1 well using Diamond Offshore’s ‘Ocean General’ semisub, which will now drill the well at the Singa Laut prospect. Separately, drilling continues at the Ratu Gajah-1 exploration well in the Natuna Sea Block A PSC (Premier operator, 28.67%) with results expected in May.

28 Apr 2014

Hurricane spuds Lancaster appraisal well

Hurricane Energy Plc (Hurricane) has announced that the Lancaster horizontal appraisal well was successfully spudded on the 26th April 2014 at 10:30BST. Hurricane have contracted Transocean’s ‘Sedco 712’ semisub drilling rig for the drilling operations, which is intended to drill and test the Lancaster basement oil discovery. Drilling activity is expected to last approximately 75 days after which further technical analysis .... [+ read more] will be undertaken.

28 Apr 2014

'Transocean Arctic' begins sidetrack drilling at Pil prospect

Rocksource ASA (Rocksource) is pleased to announce that drilling of the Pil sidetrack well, 6406/12-3 B, in PL 586 has commenced. As announced on 10th April 2014, the preliminary estimate by the Operator VNG Norge AS (VNG) for the size of the Pil discovery is between 8 and 27 million Sm3 recoverable oil equivalent (50 to 170 million barrels oil equivalent). .... [+ read more] The discovery well (6406/12-3 S) has been plugged back to the 20 inch casing shoe from where the sidetrack starts. The sidetrack is targeted down-dip of the discovery well and its main objectives are to prove the lateral extent of the Pil reservoir, narrow the volume range and test the upside within the closure. The sidetrack will be drilled using the drilling rig ‘Transocean Arctic’. Drilling is expected to take approximately 30 days. Rocksource Exploration Norway holds a 15% interest in PL 586. Partners are VNG (Operator) with 30%, Spike Exploration 30% and Faroe Petroleum 25%.

28 Apr 2014

'Noble Ton Van Langeveld' semisub spuds new production well

Atlantic Petroleum (Atlantic) today announced that the Blackbird Field’s second production well has been spudded using Noble Drilling’s ‘Noble Ton V Langeveld’ drilling rig. The Blackbird Field is owned by Nexen Petroleum U.K. Limited (Operator) 73.02957%, Nexen Ettrick U.K. Limited 17.57270% and Atlantic Petroleum UK Limited 9.39773%. The Blackbird field was discovered in 2008 and has been in production since 2011. .... [+ read more] The field currently consists of one subsea producer and one water injector tied back to the Aoka Mizu FPSO (which also handles the Ettrick Field production). Oil is exported by shuttle tanker and gas exported to the St Fergus gas terminal. The well is expected to be in production in early Q3 2014 and provide a significant production boost for the Field. The base case production from the well is included in the Atlantic Petroleum production guidance for 2014. The investment in the well qualifies for the Brown Field Allowance under the UK taxation system.

28 Apr 2014

Prospector Offshore secure finance for delivery of 'Prospector 5'

Prospector Offshore Drilling S.A. (the "Company" or "PROS") announces that its newly formed subsidiary, Prospector Finance II S.à r.l. has secured a fully committed Senior Secured Credit Facility (the "Senior Credit Facility"), subject to documentation, in the amount of US$270 million. Prospector Finance II S.à r.l. is also contemplating the issuance of a US$100 million second lien bond (the "Bond Loan") .... [+ read more] in the amount of US$100 million. The net proceeds from the Senior Credit Facility and the contemplated Bond Loan will be used to fully finance the delivery of ‘PROSPECTOR 5’, (expected early June 2014), refinance existing debt secured by ‘PROSPECTOR 1’, and for general corporate purposes. ‘PROSPECTOR 1’ is currently on a special standby rate while Total E&P UK Limited's Franklin Location is being prepared to accept the rig and is expected to commence full operations in May 2014. The Senior Credit Facility is being arranged by ABN AMRO Capital USA LLC and DNB Bank ASA. The Senior Credit Facility will be secured by a first mortgage on ‘PROSPECTOR 1’ and ‘PROSPECTOR 5’ and will be guaranteed by the Company. All other terms will be customary for this type of facility. DNB Markets, Pareto Securities and Swedbank have been appointed as joint lead managers and bookrunners of the contemplated Bond Loan. The term of the contemplated Bond Loan will be five-years and the Bond Loan will be secured by a second lien mortgage on ‘PROSPECTOR 1’ and ‘PROSPECTOR 5’ and guaranteed by the Company. This press release contains forward-looking statements that involve risks and uncertainties. You are cautioned not to put undue reliance on forward-looking statements because actual events and results may differ materially from the expected results described by such forward-looking statements. Prospector Offshore Drilling S.A. disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

25 Apr 2014

'Transocean Arctic' granted approval to drill Storm prospect in PL555

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for wellbore 33/2-1, cf. Section 8 of the Resource Management Regulations. Wellbore 33/2-1 will be drilled from the Transocean Artic drilling facility at position 61°59’30.76” north and 1°32’42.52” east, after completing drilling of wildcat well 6406/12-3 for VNG Norge in production licence 586. The drilling programme for wellbore .... [+ read more] 33/2-1 relates to drilling of the first well in production licence 555. Lundin Norway AS is the operator with an ownership interest of 60 per cent. The other licensee is Bayerngas Norge AS (40 per cent). The area in this licence consists of block 33/2. The well will be drilled about 200 kilometres west of Måløy. Production licence 555 was awarded on 19 February 2010 (APA 2009). This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

25 Apr 2014

Ensco plc Sells Jackup Rig ENSCO 85 for US$64 Million

Ensco plc (Ensco) today sold ‘ENSCO 85’, a jackup rig built in 1981, for US$64 million. The net book value of the rig was approximately US$54 million. The pre-tax gain on this sale was approximately US$10 million, which will be included in second quarter 2014 operating results. The purchaser of the ‘ENSCO 85’ was not released by the company. This sale .... [+ read more] now means that Ensco have sold three jackup rigs so far in 2014, following on from the earlier sales of the ‘Pride Wisconsin’ and ‘ENSCO 69’ units and have also recently ordered two ENSCO 140 series jackups. The company has done so in order to continue to upgrade its operational fleet and maintain its position as one of the world’s leading drilling contractors. Since the beginning of 2010, Ensco has sold 14 rigs generating pre-tax gains of approximately US$90 million. During the same period, Ensco has taken delivery of 12 high-performance rigs, including five Samsung DP3 ultra-deepwater drillships, five ENSCO 8500 Series® ultra-deepwater semisubmersibles and two ENSCO 120 Series ultra-premium harsh environment jackups. Ensco has eight additional rigs under construction - five premium jackups and three ultra-deepwater drillships.

25 Apr 2014

Tullow come up dry with Mauritania well

Tullow Oil plc (Tullow) today announces that the Tapendar-1 exploration well in the C-10 licence, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow’s Mauritania exploration campaign, following the Frégate-1 well in February 2014. The objective of Tapendar-1 was to test two targets of Miocene and Upper Cretaceous .... [+ read more] age. At the Miocene interval a major undrilled turbidite fairway was penetrated and encountered excellent quality, well developed, reservoir sands. However, these sands were water bearing at this location. The deeper Upper Cretaceous target tested a salt flank play, which at this location, did not encounter any sands. The well reached total depth of 3,752 metres and is currently being plugged and abandoned after which the Stena DrillMax drill ship will leave Mauritania. Tullow has a significant exploration position offshore Mauritania. A variety of exploration prospects and plays, independent of the Tapendar and Frégate results, remain highly prospective. Data from the Frégate-1 and Tapendar-1 wells will now be analysed and integrated into the seismic data previously acquired across Tullow’s Mauritania acreage before the next well locations and timings are confirmed. Seismic acquisition in Blocks C-3 and C-18 will also continue this year. Tullow operates the C-10 licence with 59.10% equity and is partnered by Premier Oil plc (6.23%), Kufpec (11.12%), Petronas (13.5%) and SMHPM (10%).

25 Apr 2014

RWE granted permission to drill new appraisal well in Norway

The Norwegian Petroleum Directorate (NPD) has granted RWE Dea Norge AS a drilling permit for wellbore 35/9-11 A, cf. Section 8 of the Resource Management Regulations. Wellbore 35/9-11 A will be drilled from the Leiv Eiriksson drilling facility at position 61°21’25.60” north and 3°40’44.56” east. The drilling programme for wellbore 35/9-11 A relates to drilling of an appraisal well in .... [+ read more] production licence 420. RWE Dea Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Statoil Petroleum AS (40 per cent) and Idemitsu Petroleum Norge AS (30 per cent). The area in this licence consists of parts of block 35/9. The well will be drilled about 14 kilometres west of the Gjøa field. Production licence 420 was awarded on 16 February 2007 (APA 2006). This is the third well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

24 Apr 2014

Repsol spuds Welwitschia-1 well in Namibia

Tower Resources plc (Tower) has announced that it has been notified by Repsol Exploration Ltd (Repsol) that the Welwitschia-1 well in Nambia was successfully spudded at 14:40 GMT on the 23rd April, 2014. Repsol is using the recently delivered ‘Rowan Renaissance’ drillship for drilling operations at the well. The Welwitschia-1 well is expected to take up to 46 days to drill, .... [+ read more] with Tower’s interest in the well set at 30%.

24 Apr 2014

Nido releases Baragatan-1 well update

Nido Petroleum Limited (Nido) has advised that the first stage of the farm-out process for the company’s interest in Service Contract 63 is currently in process with Dragon Oil Plc. The farm out process involves the transfer of a 40% participating interest in the service contract and has been approved by the Philippines department of energy. Nido has also announced that .... [+ read more] preparations for the spudding of the Baragatan-1 exploration well are now in the final stages, with drilling set to commence once the ‘UMW Naga 5’ has been mobilised to the well location from Singapore.

24 Apr 2014

Diamond secures new contract for 'Ocean Quest'

Diamond Offshore’s (Diamond) midwater semisub the ‘Ocean Quest’ has been contracted for a 10-well contract in Vietnam with Petrovietnam Exploration & Production (PVEP). The unit is expected to begin work in late April 2014, garnering a dayrate of US$198,900 for the contract, which runs into December 2014. The ‘Ocean Quest’ has been stacked in Malaysia since the end of November 2013, .... [+ read more] following on from the termination of its previous drilling contract with OGX in Brazil. Diamond also announced the signing of a single well contract for the ‘Ocean Monarch’ in Indonesia with Total, alongside two 1-well extensions for the ‘Ocean Saratoga’ and ‘Ocean Princess’.

23 Apr 2014

Hercules Offshore secures new contract for 'Hercules 253'

Hercules Offshore (Hercules) the jackup focused operator has announced that the ‘Hercules 253’ jackup rig has been awarded a new two month contract for drilling operations in the USA. The unit has been contracted by Gulf Coast at a dayrate of US$105,000 and is expected to begin operations in September 2014 upon completion of the unit’s current contract with EPL. The .... [+ read more] ‘Hercules 253’ has been working continuously in the USA since the unit completed its most recent five year SPS in January 2013, completing two contracts for Tana before beginning its current contract with EPL in January 2014.

23 Apr 2014

'Noble Paul Romano' set to begin Malta well drilling in May 2014

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. The Hagar Qim well in Block 7 of Area 4 is expected to be spudded during May by Noble Drilling’s ‘Noble Paul Romano’ semisub rig. The unit is currently undergoing its final inspection and test .... [+ read more] at Valletta Harbour in Malta and will soon mobilise to the drilling location.

22 Apr 2014

Petrobras cut 'Borgny Dolphin' contract

Dolphin Drilling Ltd (Dolphin), a wholly owned subsidiary of Fred.Olsen Energy ASA (FOE) which operates the company’s mobile offshore drilling rigs, has agreed with Petrobras to suspend the contract associated with the ‘Borgny Dolphin’. The ‘Borgny Dolphin’ semisub was awarded a 12 month contract extension by Petrobras in January 2013, with the unit expected to work for the Brazilian operator until .... [+ read more] October 2014 however, it will now cease operations in May 2014. The unit has been working for Petrobras in Brazil since 2008, but upon cancellation of this contract will now be demobilised and re-exported from Brazil.

22 Apr 2014

'Explorer 1' jackup construction update

Amedeo, the resource and resource infrastructure and asset investment company, is pleased to announce that, further to the Company's announcements on 23 October 2013 and 23 January 2014, the keel of its first rig order, the 350ft Le Tourneau Super Enhanced 116e ("Le Tourneau Super Enhanced 116e"), has been laid on schedule. This is a significant step in the .... [+ read more] construction of the Le Tourneau Super Enhanced 116e which involved constructing the 500 tonne hull and placing it on the skidway of the Jiangsu Yangzijiang Offshore Engineering Co. Ltd. ("YZJOE") new rig yard in Taicang ("New Rig Yard"), about 60km north west of Shanghai. Amedeo has an indirect 18.6% stake in YZJOE. The laying of the keel, on schedule, demonstrates YZJOE's ability to construct rigs on schedule and that the New Rig Yard is now operational. In addition, the New Rig Yard's completion is on schedule for the middle of this year. Ramlan Ahmad, Executive Director of Explorer 1 Limited ("Explorer 1"), the customer for the Le Tourneau Super Enhanced 116e said: "We are impressed by the dedication and professionalism shown by YZJOE and how the build of its first rig, our Le Tourneau Super Enhanced 116e is progressing to quality and to schedule. YZJOE's welding, painting and finish are impressive. In addition, YZJOE's ability to crank out steel in accordance with the drawings vetted by our management team is most impressive. Typically, first time builders of complex drilling machines such as our Le Tourneau Super Enhanced 116e face difficulties. With progress on schedule and to quality thus far, we are confident that YZJOE will deliver our rig on schedule and to quality." Glen Lau, Chief Executive Officer of Amedeo, said: "We are delighted with YZJOE's progress on its first rig order and with its progress in constructing the New Rig Yard which is now operational. The Le Tourneau Super Enhanced 116e is on schedule to be delivered to quality and on time. The New Rig Yard is already operational and due to be completed in the middle of this year. Explorer 1 is pleased with the progress and build of its order, and new prospective clients have and are able to tour our facilities and see our work."

22 Apr 2014

Camac Energy gives 'Energy Searcher' update

Camac Energy Inc (Camac) today announced an update on the company’s operations in Nigeria. The Northern Offshore ‘Energy Searcher’ drillship, which has been hired by Camac to drill on the Oyo field in Nigeria is currently located offshore Cameroon. The unit is awaiting final clearance by the Nigerian Department of Petroleum Resources (DPR) to enter Nigeria and commence drilling operations. The .... [+ read more] DPR has finished the necessary inspections of the drillship and it is expected to be issued final clearance imminently, with arrival on the Oyo field expected by the end of April 2014. Camac currently plant to use the ‘Energy Searcher’ for drilling, completion, and production activities on the field. The unit is due to spud the Oyo-8 development well in mid-May, with well-hookup and first production expected in October. The drilling rig will then move to complete and hook-up Oyo-7, with first production expected in November. Both wells continue to be on track to commence production this year, enabling Camac to exit 2014 at an estimated production rate of 14,000 barrels of oil per day.In addition to the development wells offshore Nigeria, the Company has identified 10 exploration prospects and 12 leads, and has currently high-graded three prospects containing unrisked prospective resources in excess of 200 MMBO each. Current efforts are focused on determining the first exploration well location to be drilled in 2015.

22 Apr 2014

AWE updates status of Pateke-4H well

AWE Limited (AWE) reports that at 06:00 hours (6.00am NZDT) today the Pateke-4H development well was at a measured depth of 3,863m and drilling ahead on the planned trajectory with an 8 1/2 inch drilling assembly after successfully side-tracking from the 9 5/8 inch casing at 3,587m. The second sidetrack (ST-2) will be drilled to a depth of approximately 4,055m and .... [+ read more] intersect the F10 reservoir at a horizontal angle of approximately 90 degrees. Drilling will continue through the F10 reservoir section to a planned total measured depth of 5,381m, following which a 6 5/8 inch production liner will be installed. The Kapuni F10 sandstone objective has already been intersected on prognosis with oil shows and real time logging measurements indicating the likely presence of an oil bearing reservoir. The commercial significance of the oil shows will not be clear until the horizontal drilling is completed and the reservoir size and quality is fully assessed. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124m with a planned total measured depth of 5,381m, including a 1,326m horizontal section. If successful, the well will be completed for subsequent tie-back to the Tui FPSO (“Umuroa”) for production in 2015.

21 Apr 2014

'Deepsea Atlantic' resumes drilling activity

Odfjell Drilling's sixth-generation semisubmersible drilling rig, ‘Deepsea Atlantic’, resumed drilling operations for Statoil on the Gullfaks field late evening on 20 April 2014 after an efficient and successful yard stay. The five year special periodic survey and the planned modifications were executed in 25 days, five days ahead of the scheduled 30 days and within budget of US$55 million. The ‘Deepsea .... [+ read more] Atlantic’ underwent a full five year special periodic survey in addition to the following modifications; change of topdrive, change of two thrusters, change of N-line (a part of the compensation system for BOP/ Riser) and a change of valves under sea level. The total scope of work has been carried out according to the plan and requirements without any injuries to personnel or major incidents.

17 Apr 2014

'Cajun Express' commences drilling offshore Senegal

Drilling has begun on the offshore exploration well, FAN-1, offshore Senegal in which FAR Ltd holds a 15% interest (Cairn Energy PLC (“Cairn”) 40%, ConocoPhillips 35%, Petrosen 10%). The FAN-1 well will test a stacked fan structure with the potential to contain approximately 900 million barrels of oil with approximately 135mmbbls net to FAR Ltd. The well will be drilled using .... [+ read more] the fifth generation rig, the ‘Cajun Express’, which arrived on site Saturday 12th April. FAN-1 is the first exploration well in a two well programme, offshore Senegal with the wells to be drilled back to back. The first well will be located on the North Fan prospect in 1,500m water depth. This well will be immediately followed by a second exploration well targeting a shelf edge prospect in 1,100m of water. These will be the first deep water (>1,000m) wells drilled in Senegalese waters and the first offshore wells to be drilled for over 20 years. The two exploration wells will test combined prospective resources of approximately 1.5 billion barrels of unrisked prospective resources and FAR Ltd retains a 15% working interest in the blocks. In accordance with the terms of farm out deals completed with Capricorn Senegal Limited (a 100% subsidiary of Cairn) and ConocoPhillips, FAR Ltd has successfully secured its share of funding for these two exploration wells. Based on current well cost estimates, the carry funding and cash payments that FAR Ltd has or will receive under the farm out agreements are expected to be in excess of FAR Ltd’s share of the combined well costs for the two wells.

17 Apr 2014

Karoon releases Poseidon North-1 well update

Karoon Gas Australia Ltd (Karoon) has reported an update to the Poseidon North-1 exploration well being drilled in WA-315-P in Australia. At 0600 WST on 17th April 2014, the hole was at a depth of 3,820m and preparations were being made to install the 9-5/8” casing. Since the last progress report released on the 4th April 2014, the cement casing shoe .... [+ read more] has been drilled and the 12-1/4” hole section drilled 1,361m to the current depth of 3,820m. Poseidon North-1 is the fifth well in the Browse Basin Phase 2 exploration drilling campaign. The well is targeting the Plover and Montara formations and has the potential to add significantly to the already discovered Greater Poseidon area resource. The six well Browse Basin Phase 2 exploration drilling campaign will continue through calendar year 2014 using the ‘Transocean Legend’ rig. Four of the six wells have been completed so far. The well location for the last exploration well will be announced upon joint venture approval. The principal objective of the campaign will be announced upon joint venture approval. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits which contain the Greater Poseidon trend. ConocoPhillips is the operator of the WA-315-P Browse Basin permit in which Karoon holds a 40% interest.

17 Apr 2014

'Al Khor' jackup hits Shell's operational safety targets

Qatar Shell decided to focus on all incidents in order to improve overall Safety at the work place and imbed the philosophy behind it, deeper into the minds of people working for them. That initiative resulted in coining of a new slogan “Goal Zero” five years ago. Goal Zero – stands for Zero incidents in One year. Gulf Drilling International’s rig .... [+ read more] Al Khor, took the challenge on and set out to achieve that target. On 28th of December 2013, Al Khor met its target of one year without any recordable incidents. That is being celebrated today by SHELL, who drove the initiative and GDI whose people made it possible. This is a moment of great pride for all parties who contributed to the achievement Key enablers were, the STOP Program, the DROPS initiative, coaching and mentoring on the rig, Shell’s incentives scheme, and most of all the rig crews. It goes without saying that they received active and visible support of shore based supervisors with complete ownership taken on by SHELL and GDI Management.

17 Apr 2014

Shell announces Malaysia deep-water gas discovery

Shell today announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’ well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres. The well encountered more than 450 metres of gas column. With further exploration planned, the finding is a positive indicator of the gas potential in an area of strategic interest for .... [+ read more] Shell. “Rosmari-1 is a testament to our ability to successfully drill and build understanding of new geology within our existing exploration heartlands, adding value to our existing assets in Malaysia,” said Andy Brown, Director Shell Upstream International. “We are expanding and rejuvenating heartlands across our exploration portfolio, including in Brunei, Australia and the Gulf of Mexico.” “This adds to Shell’s sequence of recent exploration successes in Malaysia, with these discoveries expanding the company’s heartlands positions,” said Iain Lo, Chairman Shell Malaysia. Block SK318 is Shell operated with an 85% interest, with the remaining 15% held by PETRONAS Carigali Sdn Bhd.

17 Apr 2014

Total makes discovery at Saphir-1XB well

The Total-operated Saphir-1XB exploration well on Block CI-514 proved the presence of liquid hydrocarbons in the deep offshore west of Ivory Coast. “Drilled in an abrupt margin play, this first well is the first discovery in the San Pedro Basin, a frontier exploration area in Ivory Coast,” commented Marc Blaizot, Senior Vice President, Exploration at Total. "Having confirmed the .... [+ read more] presence of a petroleum system containing light oil, we will next evaluate this very promising find and focus on its extension to the north and east." Lying in 2,300 meters of water, Saphir-1XB is the first well in Block CI-514. It was drilled to a total depth of 4,655 meters, encountering around 40 meters of net pay containing light 34° API oil, in a series of 350 meters of reservoirs. The data acquired during drilling are being analyzed and will be used to determine the area’s potential and design the delineation program. Total is pursuing its intensive exploration program in the area, with plans to drill two wells in Blocks CI-515 and CI-516 by year-end. Total E&P Côte d’Ivoire operates Block CI-514 with a 54% interest, alongside CNR International (36%) and PETROCI Holding (10%).

16 Apr 2014

Viking SeaTech complete rig positioning for 'Stena Clyde'

Offshore support specialist Viking SeaTech has completed full rig positioning services in Western Australia. The contract becomes the latest in a line of projects successfully carried out by Viking SeaTech Survey. The team positioned a semi-submersible mobile offshore drilling unit for work on the Schooner-1 well, which is located 426km north of Broome and 48km west of Browse Island. Matthew Gordon, .... [+ read more] General Manager, Viking SeaTech Survey, said: “We were delighted to secure this significant contact. It was a chance for us to lead on a full rig positioning contract from conception to completion. This work came on the back of the recent successful collaboration between Viking SeaTech and a major operator off the northern tip of Australia.” Chris Forde, Managing Director Asia Pacific, Viking SeaTech, said: “We’re proud to have worked with another major operator in Western Australia. It is testament to the relationships we continue to build with our customers. We believe investment in our management systems, our people and our equipment has provided further confidence in Viking SeaTech.” Bill Bayliss, Group Chief Executive, Viking SeaTech, said: “Our ever-growing experience and the strengths of our personnel have brought another contract to completion successfully and safely. However, we will not be complacent. We will continue to grow by winning new business globally.”

16 Apr 2014

Large waves cause problems for 'ENSCO 8506'

The US Coast Guard is overseeing response efforts, Tuesday, for an offshore drilling rig that began taking on water into a ballast tank after a large wave hit them in heavy seas more than 100 miles south of Galveston, Texas. On Tuesday morning the US Coast Guard received a report that the ‘ENSCO 8506’, an offshore semi-submersible drilling rig, had .... [+ read more] been damaged causing one of the rig’s column ballast tanks to take on water. The capacity of the ballast pumps on-board are keeping up with the ingress of water in the column ballast tank. The rig is maintaining an even keel and remains in a stable position without resorting to using the emergency pumps, or performing an emergency disconnect from the riser. There are no reports of injuries or pollution. The ‘ENSCO 8506’ was conducting exploration activities for Anadarko at the company’s Deep Nansen prospect at the time and did not have any oil on-board from drilling operations. The drilling rig is operating in an area with a 3,800-foot water depth and was not conducting actual drilling operations when the incident occurred. All rig operations have been suspended and preparations are being made for normal disconnect procedures if necessary to make repairs.

16 Apr 2014

'Maersk Valiant' drillship is successfully delivered to Maersk Drilling

Maersk Drilling has successfully taken delivery of the company’s second newbuild drillship, ‘Maersk Valiant’. The ‘Maersk Valiant’ was delivered on the 16th April 2014 from Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea. ‘Maersk Valiant’ is the second in a series of four ultra-deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of US$2.6 billion .... [+ read more] and will be delivered from the SHI shipyard in 2014. ‘Maersk Valiant’ has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with ConocoPhillips and Marathon Oil Corporation. Maersk Drilling has been active in the US Gulf of Mexico since 2009 with the ultra-deepwater semi-submersible ‘Maersk Developer’. With ‘Maersk Viking’ and ‘Maersk Valiant’ entering the US Gulf of Mexico, Maersk Drilling is becoming a significant drilling contractor in the US Gulf of Mexico, which together with West Africa, are the target regions for Maersk Drilling’s deepwater activities. The estimated contract value with ConocoPhillips and Marathon Oil Corporation for ‘Maersk Valiant’ is US$694m including mobilisation, but excluding cost escalation.

16 Apr 2014

Hurricane Energy mobilises 'Sedco 712' for Lancaster appraisal

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to announce that it has commenced the mobilisation process for the Transocean ‘Sedco 712’ semi-submersible drilling rig. The planned operation is to drill and test the Lancaster basement oil discovery. Well management company SPD Limited has been contracted to .... [+ read more] provide well construction and project management services during the drilling campaign. The Lancaster discovery was made in 2009 and further tested in 2010. Hurricane's Competent Person's Report, prepared by RPS Energy Consultants Limited in November 2013, allocates 2C recoverable Contingent Resources of 207 MMboe to Lancaster. The discovery is located across blocks 205/21a, 205/22a and 205/26b West of Shetland on Frontier Licence P1368. All assets under the licence are controlled 100% by Hurricane.

15 Apr 2014

AWE reports rising drilling costs as operator plans second sidetrack well

AWE Limited (ASX: AWE) reports that as at 06:00 hours (6.00am NZDT) today preparations are being made to drill a second sidetrack on the Pateke-4H development well. Operations have been unable to drill past an obstruction in the lower portion of the first sidetrack (ST-1) and a second sidetrack (ST-2) will be drilled from a measured depth of .... [+ read more] 3,587m with an 8 1/2 inch drilling assembly. The forward work plan requires ST-2 to be drilled to a depth of approximately 4,110m and intersect the F10 reservoir at a horizontal angle of approximately 90 degrees. Drilling will continue through the F10 reservoir section to a planned total measured depth of 5,361m, following which a 6 5/8 inch production liner will be installed. The Kapuni F10 sandstone objective has already been intersected on prognosis with oil shows and real time logging measurements indicating the likely presence of an oil bearing reservoir. The commercial significance of the oil shows will not be clear until the horizontal drilling is completed and the reservoir size and quality is fully assessed. Based on the additional work required to mitigate the operational difficulties encountered to date, gross pre-completion well costs have increased beyond the pre-spud estimate of USD 55 million (AWE share USD 32 million). An updated estimate of pre-completion well costs will be issued after the horizontal drilling is completed and the production liner has been installed. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124m with a planned total measured depth of 5,361m, including a 1,272m horizontal section. If successful, the well will be completed for subsequent tie-back to the Tui FPSO (“Umuroa”) for production in 2015.

15 Apr 2014

Ensco places order for new ENSCO 140 series jackups

Ensco plc (Ensco) has announced that it has ordered two new jackup rigs with the intention of targeting new drilling contracts in the Middle East market. Ensco has placed an order for the construction of the ‘ENSCO 140’ and ‘ENSCO 141’. Both units are enhanced versions of LeTourneau’s Super-116E jackup design and have been ordered from Lamprell’s shipyards in the United .... [+ read more] Arab Emirates (UAE), with delivery of the first unit expected in mid-2016. Ensco has designed the units to meet the majority of customer requirements in the Middle East, which is the primary target market for the two units. Both units will be built initially to operate in 340ft of water, with the option to upgrade the operational depth to 400ft and will be capable of drilling down to maximum depths of 30,000ft. The total construction price for the ‘ENSCO 140’ and ‘ENSCO 141’ is a combined US$430 million, or US$215 million per rig. The construction contract also includes options for two additional rigs of similar design.

14 Apr 2014

Drydocks World secures order for construction of two jackup rigs

Drydocks World, the leading international service provider to the maritime, oil & gas and energy sectors, today announced that it has signed an Agreement with Malta Oil & Gas Ltd. for building two unique new jack-up drilling rigs based on Gusto MSC CJ54-X135-A design. The Agreement was signed by His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World .... [+ read more] and Mr. Paul Robert Thomson of Malta Oil & Gas Ltd.. His Excellency Buamim said, “There is a great demand for new offshore drilling rigs in the rapidly evolving upstream oil & gas sector. Our strategy to contribute to the growth of this sector has paid rich dividends. We are delighted to have made definite inroads into sophisticated engineering and construction to support this sector. Increasingly sophisticated and highly specialized drilling rigs are being used for deepwater exploration and development and this is the latest requirement of the sector and we are fully geared to meet the increasing demand.” The Unit has dimensions of 76m x 76m and leg length 180.6m and is intended for operation in water depths up to 450 ft. It consists of a triangular shaped hull with three open truss legs, rack and pinion type elevating systems and leg-to-hull fixation systems. The rig will be capable of drilling HPHT (High Pressure High Temperature) wells. It is equipped with a permanent accommodation for 150 persons, a heli-deck suitable for the use of a S61N or S92 helicopter and a retractable X-Y type cantilever carrying the drilling derrick.

14 Apr 2014

'Sevan Louisiana' delivered by Fairmount Sherpa

Fairmount Marine’s tug the Fairmount Sherpa has towed the offshore semisubmersible drilling rig ‘Sevan Louisiana’ safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius), Walvis Bay (Namibia) and Port of Spain (Trinidad) to take bunkers and for crew changes. The’ Sevan Louisiana’ is a so called Ultra Deep .... [+ read more] Water rig (UDW), built in 2013 at the Cosco shipyard in Nantong, China, for UK-based Seadrill Ltd. The self-propelled rig, equipped with eight thrusters, can accommodate up to 150 crew members. After arrival in Curaçao the Fairmount Sherpa performed multiple cargo runs for the ‘Sevan Louisiana’. The rig will leave Curaçao on her own thrusters to begin a three year contract with LLOG in the US Gulf of Mexico.

14 Apr 2014

Farmount Marine Towed Sevan Louisiana to Curacao

Tug Fairmount Sherpa has towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius), Walvis Bay (Namibia) and Port of Spain (Trinidad) to take bunkers and for crew changes. After arrival in Curaçao the Fairmount Sherpa performed multiple cargo runs for the Sevan Louisiana. The .... [+ read more] rig will leave Curaçao on her own thrusters for her next job in the Gulf of Mexico.

11 Apr 2014

Statoil makes gas and oil discovery near Valemon field in Norway

Statoil Petroleum AS, operator of the production licences in the Valemon Unit, has concluded the drilling of wildcat wells 34/10-54 S and 34/10-54 A. The wells proved oil and gas. The wells were drilled about six kilometres north of the Valemon field in the northern part of the North Sea. The primary exploration target for the wells was to prove .... [+ read more] petroleum in a separate fault block in Middle and Lower Jurassic rocks (the Brent Group). The secondary exploration target was to prove petroleum in Lower Jurassic reservoir rocks (the Cook formation and the Statfjord group). Well 34/10-54 S encountered a 74-metre gross gas column in the Tarbert and upper Ness formations in the Middle Jurassic, of which 20 metres in sandstone with poor to good reservoir quality. In the middle and lower Ness formation, a 45-metre oil column was encountered, of which 16 metres in sandstone with good reservoir quality. In the Etive formation in the Middle Jurassic, seven metres of sandstone with good reservoir quality was encountered, but this is aquiferous. In the immediately underlying reservoir rocks, in the Rannoch formation in the Middle Jurassic, a 38-metre condensate column in sandstone with poor reservoir quality was encountered. In addition, condensate was encountered in Middle Jurassic sandstone with poor reservoir quality in the Cook formation. Well 34/10-54 A encountered an approx. 100-metre gross gas column in sand of unspecified Jurassic Age and in the Brent Group, of which 40 metres in sandstone with poor reservoir quality. In the Nansen formation from the Lower Jurassic, a 38-metre gas column was encountered, of which 32 metres in sandstone with poor to good reservoir quality. In the Eiriksson formation from the Lower Jurassic, a 77-metre gas column was encountered, of which 31 metres in sandstone with poor reservoir quality. Petroleum was also encountered in Middle Jurassic and Lower Jurassic sandstone with poor reservoir quality in the Cook and Raude formations, but it is currently unclear whether this is oil, condensate or gas. No petroleum/water contact was encountered in the wells. The wells were not formation tested, but comprehensive data acquisition and sampling were carried out. Preliminary estimates of the total size of the discoveries are between 3 and 12 million Sm³ of recoverable oil equivalents. The Valemon Unit licensees will consider tying the discoveries in to the Valemon field. 34/10-54 S and 34/10-54 A were drilled to vertical depths of 4229 and 4247 metres below the sea surface, respectively, and were terminated in the Burton formation and the Statfjord group in the Lower Jurassic, respectively. Water depth at the site is 140 metres. The wells have been permanently plugged and abandoned. Wells 34/10-54 S and -54 A were drilled by the Transocean Leader drilling facility, which will now proceed to PL073 to drill production well 6407/1-A-3, where Statoil Petroleum AS is the operator.

11 Apr 2014

Statoil granted drilling permit for well 25/8-18S

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/8-18 S, cf. Section 8 of the Resource Management Regulations. Well 25/8-18 S will be drilled from the Ocean Vanguard drilling facility at position 59°15’1.12” north and 2°37’0.59” east of the Grane field in the central part of the North Sea. The drilling programme for .... [+ read more] well 25/8-18 S relates to the drilling of an appraisal well in production licence 169. Statoil Petroleum AS is the operator with a 57 per cent ownership interest. The other licensees are Petoro AS with 30 per cent and ExxonMobil E&P Norway AS with 13 per cent. The area in this licence consists of parts of blocks 25/8 and 25/11. The well will be drilled 0.7 kilometres southeast of wildcat well 25/8-4. Production licence 169 was awarded on 1 March 1991 (supplement to the 13th Round). This is the 14th exploration well drilled within PL169. The permit is contingent upon the licensee securing all other permits and consents required by other authorities before the drilling activity commences.

11 Apr 2014

Byron Energy awaiting arrival of 'Spartan 202'

Byron Energy Limited (Byron or the Company) advised on 10 March 2014 that it was anticipating to spud Byron Energy SM6 #1 well (“SM6 #1”) in early to mid-April, 2014, with the actual spud date depending on when the ‘Spartan Rig 202’ is finished with its current drilling commitment. Spartan Offshore Drilling (“Spartan”), the rig owner, has advised Byron that ‘Spartan .... [+ read more] Rig 202’ has been further delayed completing its current drilling commitments to another operator. Based on the latest information from Spartan, Byron anticipates spudding SM6 #1 in the middle of May. The actual spud date is dependent on when the ‘Spartan Rig 202’ completes its current drilling commitment. The SM6 #1 well will be drilled on the South West Prospect, in the south west corner of a major salt dome in the South Marsh Island Block 6 (“SMI 6”) lease. The prospect is located 216km southwest of New Orleans, offshore Louisiana, in the shallow waters of the Gulf of Mexico at a water depth of approximately 17m. Byron owns a 100% working interest and an 81.25% net revenue interest in SMI 6 and is the operator of the block.

10 Apr 2014

GDF comes up dry with Byrkje prospect drilling

GDF SUEZ E&P Norge AS, operator of production licence 607, has concluded drilling of wildcat well 7218/8-1. The well was drilled about 65 kilometres southwest of the oil and gas discovery 7220/8-1 Johan Castberg and 130 km northwest of the Snøhvit field in the Barents Sea. The well's primary exploration target was to prove petroleum in Upper Cretaceous reservoir rocks .... [+ read more] (the Kviting formation) and Lower Cretaceous (upper part of the Kolmule formation). The secondary exploration target was to prove petroleum in reservoir rocks in the lower part of the Kolmule formation. The well encountered shallow siltstone layers in the Kviting formation with elevated gas readings in a gross interval of about 35 metres. Mobile gas was detected in a sandy siltstone layer. Reservoir rocks were not encountered in the Kolmule formation. The well was classified as dry, with traces of gas. Comprehensive data acquisition and sampling have been carried out. The well is the first exploration well in production licence 607. The production licence was awarded in the 21st licensing round. The well was drilled to a vertical depth of 3000 metres below the sea surface and was terminated in Early Cretaceous rocks from the Kolmule formation. Water depth at the site is 385 metres. The well has now been permanently plugged and abandoned. Well 7218/8-1 S was drilled by the Transocean Barents drilling facility, which will now proceed to production licence 537 in the Barents Sea to drill wildcat well 7324/7-2, where OMV (Norge) AS is the operator.

10 Apr 2014

VNG makes oil and gas discovery whilst drilling in PL586

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat well 6406/12-3 S. The well has been drilled about 35 kilometres southwest of the Njord field in the Norwegian Sea. The well's primary exploration target was to prove petroleum in Upper Jurassic reservoir rocks (the Rogn and Melke formations). A 226-metre net .... [+ read more] hydrocarbon column was encountered, 135 meters of which are oil in Middle Jurassic reservoir rocks with good reservoir quality. The lower part of the Melke formation is aquiferous, with poorer reservoir properties as in the upper part. Comprehensive data acquisition and sampling have been carried out. A successful formation test was carried out in the oil zone. The maximum production rate was 1067 Sm3 of oil per flow day through a 56/64-inch nozzle. The test proved good flow properties and the gas/oil rate is 152 Sm3/Sm3. The preliminary estimation of the discovery size is between 6 and 21 million Sm3 of recoverable oil and condensate and between 2 and 6 billion Sm3 of recoverable gas. The well is the first exploration well in production licence 586. The licence was awarded in APA 2010. The well was drilled to a vertical depth of 3738 metres below sea level and terminated in the Melke formation in the Middle Jurassic. Water depth at the site is 324 metres. The well will now be permanently plugged and abandoned. Well 6406/12-3 S was drilled by Transocean Arctic, which is now moving on to drill appraisal well 6406/12-3 B on the discovery to reduce uncertainty in the resource estimate.

10 Apr 2014

Wintershall concludes appraisal well drilling near Tyrihans field in Norwegian Sea

Wintershall Norge AS, operator of production licence 475, has concluded the drilling of appraisal wells 6407/1-7 and 6407/1-7 A. The wells were drilled about eight kilometres northeast of the Tyrihans field and five kilometres northeast of the 6407/1-6 S gas condensate discovery in production licence 475. The reservoir in this discovery consists of thin sandstone layers from the Lange formation in .... [+ read more] the Lower Cretaceous. The discovery was made in January 2013. The resource estimate for the discovery was then between 3 and 20 million Sm3 of recoverable oil equivalents. The objective of well 6407/1-7 was to delineate the 6407/1-6 gas/condensate discovery higher up in the structure. A new appraisal well, 6407/1-7 A, was therefore drilled downflank to investigate reservoir thickness and lithology. Well 6407/1-7 proved gas/condensate in two sandstone intervals with a net vertical thickness of 12 metres and a gross reservoir thickness of 16 metres. Well 6407/1-7 A proved gas/condensate in two sandstone intervals with a vertical thickness of seven metres and a gross reservoir thickness of 13 metres. The difference in pressure measurements between wells 6407/1-7, 6407/1-7 A and the discovery well 6407/1-6 S indicates that there is no communication between the appraisal wells and the 6407/1-6 S discovery. Well 6407/1-7 has therefore proven a separate discovery, and will be reclassified as a wildcat well. Preliminary estimates of the size of the new gas/condensate discovery range from 1 to 4 million Sm3 of recoverable oil equivalents. The resource estimate for the 6407/1-6 S gas/condensate discovery has now been downgraded to between 1 and 6 million Sm3 of recoverable oil equivalents. The licensees will consider the discoveries in conjunction with other nearby discoveries as regards future development. This is the second and third exploration well in production licence 475. The production licence was awarded on 29 February 2008 (APA 2007). Wells 6407/1-7 and 6407/1-7 A were drilled to vertical depths of 3345 and 3311 metres, respectively, below the sea surface, the latter with a measured depth of 3571 metres. Both wells were terminated in the Lange formation in the Early Cretaceous. Water depth at the site is 280 metres. The well has been permanently plugged and abandoned. Wells 6407/1-7 and 6407/1-7 A were drilled by the Borgland Dolphin drilling facility, which will now proceed to production licence 550 in the northern part of the North Sea to drill wildcat well 31/2-21 S, where Tullow Oil Norge AS is the operator.

9 Apr 2014

Seadrill cuts stake in joint venture

Seadrill Limited ("Seadrill") has sold 230 million shares of SapuraKencana raising approximately US$300 million in proceeds. The total economic gain realized from this sale is approximately US$165 million. Following the completion of this transaction Seadrill will continue to own approximately 490 million shares, representing an approximate 8% ownership stake in SapuraKencana. Tor Olav Trøim will continue to serve .... [+ read more] as a board member of SapuraKencana with John Fredriksen as an alternate director. On April 30, 2013 Seadrill increased its ownership stake in SapuraKencana to 12% as a result of the integration of its tender rig business into SapuraKencana. The target was to develop a strong leading player in the Far East integrated service market. Since completion of this transaction, SapuraKencana has made significant progress integrating the two businesses and taking delivery of an additional 3 tender rigs under construction at the time of the transaction. This progress has partly been reflected in the positive share price development. Seadrill remains a long-term strategic investor in SapuraKencana and, in connection with the sale, has entered into a lock up agreement for its remaining shares until the end of 2014. Seadrill will continue to support SapuraKencana's strategy of growing its broad offshore service portfolio. SapuraKencana has strengthened its position in the Asian market and has significant international growth opportunities. SapuraKencana's position as an integrated service provider and upstream leaseholder creates a competitive advantage in the region. Having acquired Seadrill's tender rig assets, SapuraKencana is in an ideal position to serve field developments on a global basis as well. John Fredriksen, Chairman, President and Director of Seadrill says in a comment, "We are very pleased with the progress to date of our partnership with SapuraKencana, both in the integration of the tender rig business and in the development of our successful PLSV joint venture in Brazil. We are today working together on several new businesses with the target of creating new growth opportunities supported by long term contracts. Our support for one of our closest partners is unwavering and we look forward to many years of future cooperation."

9 Apr 2014

Energy Drilling secures financing for delivery of 'Edrill-1' and 'Edrill-2'

Energy Drilling has signed a US$175.5 million Senior Secured Term Loan Facility with a group of four lenders on Monday 7th April 2014. The four lenders are DNB Asia Ltd, ABN Amro Bank N.V, NIBC Bank N.V. and Clifford Capital Pte Ltd. The Facility shall be used as final payment upon delivery by Cosco Guangdong Shipyard for the first .... [+ read more] two tender rigs ordered in 2012. Delivery of the first unit is imminent and the second unit is expected in July. With the signing of this Facility, Energy Drilling is now fully funded to take delivery of the first two units and undertake drilling operations for the intended markets. Both units are being evaluated by various oil companies for drilling operations starting in the 3Q 2014. Speaking on behalf of one of the lenders, Mr. Magnus Piene, SVP & Global Head of Offshore for DNB Bank ASA, said, “ We are very pleased to be given this opportunity to raise funding for this exciting new company. Although Energy Drilling may be new, we have known and worked with its management team for many years in the past. We have full confidence in their ability to deliver and we look forward to building a long lasting relationship with them as they grow.” Mr. Marcus Chew, CEO of Energy Drilling, added, “We are thankful to the lenders for the trust shown in us. We have raised sufficient capital with strong shareholders and now with the funding secured we are ready to deliver the products to our customers. We look forward to an exciting journey ahead.”

8 Apr 2014

Lundin receives consent to use 'Island Innovator' on the Gohta field in Norway

Lundin Norway AS (Lundin) has received consent to use the ‘Island Innovator’ semisub rig for drilling and production testing on the Gohta field. Lundin will use the ‘Island Innovator’ for drilling and production testing of wildcat well 7120/1-4 S in production licence 492 on the Gohta field. The Gohta field is in the Barents Sea, 35km north-west of the Snøhvit field. .... [+ read more] Water depth at the site is approx. 332 metres. Drilling is planned to begin in May 2014, with a duration of approx. 65 days. The ‘Island Innovator’ is a Global Maritime GM4000-WI design semi-submersible mobile drilling facility built in 2012 at Cosco (Zhoushan) Shipyard in China. The facility is owned by Maracc ASA and operated by Odfjell Drilling. Its flag state is Norway, and DNV is the classification society.

8 Apr 2014

Drilling update for the Bamboo-1 well

Sterling Energy Plc, provides the following update for the Ntem Concession, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession commenced operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working interest, has confirmed that the well, located in 1,600 m of water, has reached a total depth .... [+ read more] of 4,747 m and evaluation operations have been conducted. The well was designed to target a series of stacked Cretaceous aged, basin floor submarine fans, the main target being the Bamboo fan. The well encountered all pre-drill targets, however analysis of the data indicate that no commercial hydrocarbons were found and the well will now be plugged and abandoned. The data from the Bamboo-1 well will be analysed in detail and the results used to update the assessment of the remaining prospectivity of this large deep-water block that covers some 2,319 km2. The current phase of the Ntem concession runs to April 2015, with the option to extend the exploration term by a further two years. Sterling Cameroon Limited (“Sterling”) has a 50% non-operated working interest in the Ntem Concession. Murphy, under the terms of the farm-in agreement signed in 2011, will pay Sterling’s share of the costs for the drilling of the Bamboo-1 well.

8 Apr 2014

Update on Pateke-4H drilling

AWE Limited (ASX: AWE) reports that as at 06:00 hours (6.00am NZST) today, the Pateke-4H development well, including the sidetrack section, was at a measured depth of 4,083m with the 9 5/8 inch casing successfully installed and cemented to a depth of 3,669m. Preparations are under way for the drilling of the next interval using an 8 ½ inch drilling assembly .... [+ read more] to drill horizontally through the reservoir section to a planned measured depth of 5,361m. The Kapuni F10 sandstone objective has already been intersected on prognosis with oil shows and real time logging measurements indicating the likely presence of an oil bearing reservoir. The commercial significance of the oil shows will not be clear until the horizontal drilling is completed and the reservoir size and quality is fully assessed. The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124m with a planned total measured depth of 5,361m, including a 1,272m horizontal section. If successful, the well will be completed for subsequent tie-back to the Tui FPSO (“Umuroa”) for production in 2015.

8 Apr 2014

'Caspian Driller' expected to be on site in 2H 2014

Dragon Oil plc (Dragon Oil), an international oil and gas exploration, development and production company, today published a quarterly update on the drilling activity in the Cheleken Contract Area and its exploration assets in the first quarter of 2014. In the Cheleken Contract Area, the Dzheitune (Lam) B/155A sidetrack was completed by the jack-up rig ‘Iran Khazar’ (Elima) as a single .... [+ read more] producer to a depth of 2,447 metres and tested in February 2014 at an initial production rate of 1,027 barrels of oil per day. Currently, the well is producing 1,175 barrels of oil per day. The jack-up rig has been mobilised to the Dzheitune (Lam) 4 platform and is drilling the Dzheitune (Lam) 4/187B well to appraise a location for a future platform: the current depth is 2,550 metres with a high angle inclination. Whilst in March 2014, the ‘Neptune’ jack-up rig spudded the Dzhygalybeg (Zhdanov) 21/101 development well. Meanwhile Dragon Oil now expects delivery of the ‘Caspian Driller’ jack-up rig in the 2H 2014. The unit has been delayed numerous times and is currently undergoing further inspection and maintenance work in a shipyard in Kazakhstan. Upon delivery the ‘Caspian Driller’ will begin a five year contract with Dragon Oil in Turkmenistan.

8 Apr 2014

'Bredford Dolphin' spuds Vardande prospect in Norwegian Sea

Norwegian Energy Company ASA (Noreco) is pleased to announce that the drilling of exploration well 6608/10-16 on the Verdande prospect in license PL484 in the Norwegian Sea has started. The main objective is to find hydrocarbons in sandstones of Jurassic age. The well is being drilled with the drilling rig Bredford Dolphin and is likely to take 68 - 81 days. .... [+ read more] Noreco Norway AS has a 30 percent interest in license PL484, and is the operator. Partners are Explora Petroleum AS (30 %), Dana Petroleum Norway AS (30 %) and E.ON E&P Norge AS (10 %).

2 Apr 2014

OMV receives permit for wildcat well in PL537

The Norwegian Petroleum Directorate (NPD) has granted OMV Norge AS a drilling permit for well 7324/7-2, cf. Section 8 of the Resource Management Regulations. Well 7324/7-2 will be drilled from the Transocean Barents drilling facility at position 73°29` 27.09" north and 24°14´ 2.56" east. The drilling programme for well 7324/7-2 relates to the drilling of a wildcat well in production .... [+ read more] licence 537. OMV Norge AS is the operator with a 25 per cent ownership interest and the other licensees are Idemitsu Petroleum Norge AS with 20 per cent, Petoro AS with 20 per cent, Tullow Oil Norge AS with 20 per cent and Statoil Petroleum AS with 15 per cent. The production licence consists of the blocks 7324/7 and 7324/8, and was awarded in the 20th licensing round in 2009. Wildcat well 7324/7-2 will be the third exploration well in production licence 537. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

2 Apr 2014

Seadrill secures multiple new jackup contracts

Seadrill Ltd (Seadrill) has secured new contracts for a number of its operational jackup rigs, including the ‘West Tucana’, ‘West Telesto’, ‘West Ariel’ and ‘West Prospero’. Alongside these four new contracts, the company also secured an extension to the ‘West Mischief’ jackup rigs existing contract. The ’West Tucana’ has been contracted for work in Angola with Cabinda Gulf Oil Company Limited .... [+ read more] (CABGOC) – Chevron’s wholly owned operating unit in the country. The contract is for a firm 24 month period and is valued at US$168 million, beginning in late November 2014. The ‘West Telesto’ has been contracted to drill two wells for Origin Energy Ltd in Australia. The contract is expected to be for 51 days per well, plus two option wells that can be exercised. The unit is expected to begin operations in Q4 2014, following the completion of its existing contract in Vietnam. The ‘West Ariel’ has been contracted by Eni Congo SA, for drilling operations in the Republic of Congo. The unit which has just finished a contract with VietsovPetro in Vietnam will enter a shipyard in Vietnam before it mobilises to begin the newly awarded contract in late April/early May 2014. The contract is for a firm period of 12 months, with an additional 12 month option and is valued at US$89 million. The ‘West Prospero’ has been contracted to drill a single well for JVPC in Vietnam. The contract is expected to commence in April 2014, following on from the completion of its existing contract and is valued at US$6.5 million. Seadrill estimates that it will take the ‘West Prospero’ 40 days to complete the well.

2 Apr 2014

Lukoil completes first exploration well in Ivory Coast

LUKOIL Overseas (operator of LUKOIL Group's overseas upstream projects) has completed drilling its first offshore exploration well, Capitaine East-1x, at block CI-101 in the Republic of Côte d'Ivoire. The well penetrated through 140 meters of sandstone from a Turonian formation. The survey confirmed the presence of hydrocarbons, indicating the oil potential of the area. The Capitaine East-1X well target .... [+ read more] depth exceeds 5,200 m; the water depth at the well location exceeds 2,000 m. Drilling was conducted using the Eirik Raude, a 5th generation self-propelled semi-submersible drilling rig. At the end of 2013 LUKOIL completed drilling an appraisal well at the Independance field, located north-east of block CI-101 (at the adjacent CI-401 block). Currently, a survey is in progress to determine the block's resource potential. A proposal to drill another appraisal well at the Independance field will be considered soon. LUKOIL entered a Production Sharing Agreement (PSA) for the exploration, appraisal, development and production of hydrocarbons in blocks CI-101 and CI-401 in 2006. Shares in the project are distributed as follows: LUKOIL: – 56.66% (operator since 2012), PanAtlantic (formerly Vanco) – 28.34%, state-owned PETROCI Holding – 15%.

1 Apr 2014

Origin Energy secure jackup rig for Yolla field drilling

Origin Energy Limited (Origin), as operator of the BassGas Joint Venture, today announced that Seadrill Australia Pte Ltd (Seadrill) has been contracted to provide the drilling rig for the project's upcoming work program in Bass Strait's Yolla gas field. The 'West Telesto' drilling rig is expected to be mobilised during the 2014/15 Australian summer to drill the Yolla-5 and Yolla-6 .... [+ read more] wells as part of the Yolla Mid Life Enhancement project's second stage. The 'West Telesto' is a three-leg jack-up rig that will cantilever over the Yolla platform during the drilling campaign. The drilling of Yolla-5 and Yolla-6, along with the installation of associated flow lines and other works, will support the maintenance of gas production from the Yolla field.

1 Apr 2014

Maersk Drilling takes delivery of 'Maersk Intrepid' jackup

Maersk Drilling has taken delivery of its first ultra harsh environment jack-up, 'Maersk Intrepid', from the Keppel FELS shipyard in Singapore on time. 'Maersk Intrepid' will start its mobilisation to the Norwegian North Sea in approximately two weeks, where it will commence a four year contract with Total E&P Norge AS. Maersk Intrepid is the first in a series of .... [+ read more] four newbuild ultra harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet in 2014-16. The four jack-up rigs represent a total investment of US$2.6 billion. The first three jack-up rigs, including 'Maersk Intrepid', will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016. The 'Maersk Intrepid' will be drilling the demanding and complex wells on the Martin Linge field development in the Norwegian North Sea. The contract includes four one-year options. The estimated contract value for the firm contract is US$550 million.

1 Apr 2014

SapuraKencana announce new tender rig contracts

SaupraKencana Drilling (SKD) has announced a number of new contracts that have been awarded to some of its tender drilling units. The company’s ‘SKD Berani’ semi-tender rig has been awarded a new contract by Total E&P Congo, to perform workover and development drilling work in the Republic of Congo. The contract is for a firm one year period and is valued .... [+ read more] at US$108 million. Meanwhile SKD has also been awarded three contract extensions for the ‘SKD Pelaut’, ‘SKD Setia’ and ‘SKD T-12’ tender rigs from their existing contractors. All three contract extensions are for a firm period of two years.

28 Mar 2014

Statoil given green light for drilling appraisal on Johan Sverdrup field

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-19 A, cf. Section 8 of the Resource Management Regulations. Well 16/2-19 A will be drilled from the Ocean Vanguard drilling facility in position 58°54’12.3” north and 2°29’37.7” east in the central North Sea. The drilling program for well 16/2-19 A concerns the drilling of an .... [+ read more] appraisal well in production licence 265. Statoil Petroleum AS is the operator with an ownership interest of 40 per cent. The other licensees are Petoro AS with 30 per cent, Det norske oljeselskap ASA with 20 per cent and Lundin Norway AS with 10 per cent. The area in this licence consists of part of block 16/2. The well will be drilled 2.1 kilometres north to northeast of well 16/2-12 in the Geitungen segment in Johan Sverdrup. Production licence 265 was awarded on 24 April 2001 (North Sea Awards 2000). This is the 15th exploration well in the licence area and the 11th exploration well in or near the 16/2-6 Johan Sverdrup oil discovery in licence 265. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

28 Mar 2014

'ENSCO 107' jackup enroute to Maari/Manaia fields

OMV New Zealand, on behalf of its Maari JV partners, is pleased to announce the jack-up drilling rig 'ENSCO 107' has been unloaded from the heavy lift vessel Talisman in Admiralty Bay and is now on its way to the Maari field in the Taranaki Basin. A blessing of the rig was performed by Ngati Koata and Ngati Ruanui .... [+ read more] in Admiralty Bay prior to its floating off and journey to Maari. The tow to the Maari field will take approximately 18 hours before the rig commences the final approach to the set up position for moving alongside the Maari Wellhead Platform. “The focus of the Maari Growth project is to access untapped oil accumulations in the permit and to better drain the existing reservoirs,” explained Peter Zeilinger, Managing Director of OMV New Zealand. “This should help stabilise the natural production decline we are seeing at the field and allow us to continue production at Maari for at least another 10 years.” The drilling program of five wells is expected to run well into 2015 and will keep a workforce of more than 250 personnel occupied on and offshore to safely deliver the project. The ‘ENSCO 107’ is returning to familiar waters at the Maari field. It drilled the field’s original production and water injection wells as well as the Manaia-1 well which, at eight kilometres long still holds the record for the longest well drilled in New Zealand.

27 Mar 2014

Lundin completes pair of appraisal wells in Norway

Lundin Norway AS, operator of production licence 501, is in the process of completing the drilling of appraisal well 16/3-8 S on the 16/2-6 Johan Sverdrup oil discovery in the central part of the North Sea. The discovery was proven in Jurassic reservoir rocks in production licence 501 in the summer of 2010. Appraisal well 16/3-8 S was drilled 3.8 kilometres .... [+ read more] southeast of the discovery well 16/2-6 and 2.8 kilometres west of appraisal well 16/3-4. The objective of the well was to investigate the reservoir and flow properties of Upper Permian carbonate rocks (Zechstein group) and establish the presence, thickness and reservoir quality of the Upper Jurassic reservoir rocks. Information from this well is important in order to optimise the drainage strategy for this part of 16/2-6 Johan Sverdrup. Well 16/3-8 S encountered a 54-metre gross oil column, 13 metres of which were in Upper Jurassic sandstones with very good reservoir quality, and about 30 metres in the Zechstein group’s carbonate rocks with variable reservoir properties. The limestone in the upper section (23 metres) is of poor reservoir quality, while the reservoir quality in the lower, dolomitic section (7 metres) varies from poor to good. The total thickness of the Zechstein group is 67 metres. The reservoir sandstone in Upper Jurassic is thicker and turned out to be somewhat shallower than expected. The pressure data and oil sample indicates communication between the sandstones in the Upper Jurassic and the carbonate rocks in the Zechstein group. Extensive data acquisition and sampling have been carried out. A formation test was carried out in the Upper Jurassic sand interval. The test yielded a maximum rate of approx. 800 standard cubic metres (Sm3) of oil per flow day through a 52/64-inch nozzle opening. The test showed very good flow properties and indicated no barriers within a radius of 3 to 4 kilometres. Well 16/3-8 S is the 20th exploration well drilled in production licence 501, which was awarded in APA 2008. Appraisal well 16/3-8 S was drilled to a vertical depth of 2010 metres below the sea surface and was terminated in the Rotliegendes group in Permian rocks. The well will be permanently plugged and abandoned. The water depth is 116 metres. The well was drilled by the Bredford Dolphin drilling facility, which is now headed for production licence 484 in the Norwegian Sea to drill wildcat well 6608/10-16, where Noreco Norway AS is the operator.

27 Mar 2014

Ophir releases Affanga Deep-1 well update

The Affanga Deep-1 well being drilled by the Vantage 'Titanium Explorer' drillship is targeting an extension to the proven Ogooué Delta play offshore Gabon with gross mean pre-drill recoverable resource estimates of 170mmbbl. Success would derisk several follow-on prospects which could be integrated into a hub development. The well commenced operations on 22 March 2014 and has a planned Total Depth .... [+ read more] of approximately 4,500m True Vertical Depth Sub Sea (“TVDSS”). It is expected to take approximately 35 days to complete. Ophir has a 70%* operated interest in the Block. On completion of the well, the rig will move to the Mbeli Block in Gabon to drill the Okala pre-salt prospect.

27 Mar 2014

Ophir releases Taachui well update

The Taachui well is being drilled by the Deepsea Metro 1 drillship on a prospect on the north-west margin of Block 1, Tanzania. It is targeting gross mean pre-drill recoverable resource estimates of 1.4 TCF in reservoirs of Cretaceous age. The well commenced operations on 24 March 2014 and has a planned Total Depth of approximately 4,050m TVDSS. It is expected .... [+ read more] to take approximately 55 days to complete. Ophir has a 20% non-operated interest in Block 1 operated by BG Group.

26 Mar 2014

'Rowan Renaissance' is the first vessel built using ISQM

ABS, a leading classification service has achieved an industry first with the completion of the Rowan Companies’ Rowan Renaissance drillship. This newbuild, which was built in the Hyundai Heavy Industries (HHI) yard in Ulsan, South Korea, is the first in the world to have earned ABS’ Integrated Software Quality Management (ISQM) notation. “As reliance on computer controlled systems has increased, verifying .... [+ read more] software programs –including their integration – has become critical to safe and efficient operations,” says ABS Chairman, President and CEO Christopher J. Wiernicki. “ABS developed ISQM, a risk-informed software development and maintenance process, to verify software at the time of installation and monitor for consistency and reliability when software updates or hardware changes are made.” Historically, Class rules have focused on steel and equipment. ISQM focuses on the software that controls the equipment. ABS’ ISQM notation provides a clear process of minimizing software related risk throughout the life of an asset. “No other class society has classed the drilling equipment and other essential marine equipment with a software notation that addresses software quality during construction, at delivery and beyond,” says Paul Walters, ABS Manager. Rowan Companies recognized the ABS ISQM process as the best option for describing the operation of the equipment, identifying and mitigating risk and verifying the many safety critical components of its high-specification asset. In its first application on the high-specification ultra-deepwater drillship Rowan Renaissance, ISQM facilitated reliable integration of products from more than half a dozen major suppliers and more than 35 subsystems. The ISQM process has a goal of reducing safety, environmental and productivity risks while increasing efficiency and productivity of the drillship.

25 Mar 2014

Prospector Offshore provides update on 'Prospector 1' contract

Prospector Offshore Drilling S.A. (the "Company" or "PROS") announces that starting 24 March 2014 PROSPECTOR 1 will be remunerated at a reduced day rate per its previously announced charter contract with Total E&P UK Limited ("Total"). This day rate will continue while Total's third party equipment is being installed and Total's Franklin location is being prepared to accept PROSPECTOR 1. .... [+ read more] This process is expected to be completed by the second half of April 2014, at which time PROSPECTOR 1 will commence its 730 days term of the charter contract.

25 Mar 2014

Statoil receives consent to use 'Songa Trym' for pluggin work on Glitne field

Statoil has received consent to use the ‘Songa Trym’ mobile drilling facility for permanent well plugging on the Glitne field. Glitne is an abandoned oil field in blocks 15/5 and 15/6 in the North Sea, approx. 40 km north-west of Sleipner Øst. Water depth at the site is 111 metres. Expected start-up of the operation is 10 March 2014 at the .... [+ read more] earliest. ‘Songa Trym’ is a mobile facility built in Norway at Aker Værdal, and completed in 1976. The facility is owned by Songa Offshore ASA and will be operated by Odfjell Drilling AS.

25 Mar 2014

Nautronix to supply positioning system for 'Bollsta Dolphin'

Nautronix has secured an order from Hyundai Heavy Industries (HHI), South Korea to supply a NASNet® DPR (Dynamic Positioning Reference) System which will be used on the newbuild ‘Bollsta Dolphin’ drilling rig. The system provides robust mitigation against many of the risks associated with both acoustic and satellite positioning systems, allowing multiple users to benefit simultaneously from the same array with .... [+ read more] no risk of interference. NASNet® DPR uses cutting edge acoustic technology combined with a user-friendly interface to provide high speed position updates and stable positioning in water depths up to 4,000m.

25 Mar 2014

Maersk exercises option for 'Energy Enhancer'

Northern Offshore, Ltd. (NOF) today reported that its subsidiary, Northern Offshore U.K. Limited, has received a declaration from Maersk Olie og Gas AS (Maersk) exercising the second of three one-year options for the ‘Energy Enhancer’ jackup. The commencement date of the new option period is approximately mid-July 2014, which commits the ‘Energy Enhancer’ to Maersk for continued operation in the Danish .... [+ read more] Sector of the North Sea until July 2015. This option adds approximately US$52 million to the company’s contracted revenue backlog.

24 Mar 2014

OMV receives consent to use the 'Transocean Barents' in Norway

OMV Norge has received consent to carry out exploration drilling of well 7324/7-2 in production licence 537 in the Barents Sea using the ‘Transocean Barents’ mobile drilling facility. Water depth at the site is 418 metres. Drilling is planned to begin in March 2014, with a duration of around 52 days, depending on whether a discovery is made. ‘Transocean Barents’ is .... [+ read more] a 6th-generation semi-submersible drilling facility of the H-6e type. The facility was built at the Aker Stord yard in Norway and was completed in 2009. ‘Transocean Barents’ is owned and operated by Transocean Norway, with head offices in Stavanger.

21 Mar 2014

KS Drilling names the 'KS Java Star 2' jackup

KS Energy Limited has announced that the company’s new jackup drilling rig, the ‘KS Java Star 2’ is currently being commissioned and is expected to be delivered by the end of March 2014. Upon delivery from the shipyard, the unit will mobilise to Vietnam where it has been contracted by VietsovPetro on an initial 12 month contract. The ‘KS Java Star .... [+ read more] 2’ is being constructed at Shanghai Zhenhua Heavy Industries Ltd’s (ZPMC) shipyard in Nantong, China. The total cost of the unit is US$165.65 million and the unit is capable of operating in water depths of 300ft.

21 Mar 2014

Maersk Drilling names the first of its giant jackup rigs

In a ceremony held at the Keppel FELS shipyard in Singapore, Karen Tiffen, wife of Martin Tiffen, Managing Director of Total E&P Norge AS, had the honour of naming the ultra harsh environment jack-up rig Maersk Intrepid in the presence of the Guest of Honour Mr Lui Tuck Yew, Minister for Transport in Singapore. Maersk Intrepid is the first in .... [+ read more] a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet. The four jack-up rigs represent a total investment of USD 2.6bn. The first three jack-up rigs, including Maersk Intrepid, will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016. After delivery from the yard, Maersk Intrepid will mobilize to the North Sea and commence a four year firm contract with Total E&P Norge AS for drilling the demanding and complex wells on the Martin Linge field development in the Norwegian North Sea. The contract includes four one-year options. The estimated contract value for the firm contract is USD 550 million. “With the naming of the Maersk Intrepid, we are opening a new chapter in Maersk Drilling’s Norwegian history. We have invested in the Maersk Intrepid and its three sister rigs in order to continue to grow and leverage our market leading position in Norway. The Maersk Intrepid is the first of the four rigs being delivered and I am very pleased that it is going to Norway to work for one of our key customers, Total E&P Norge AS,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.

20 Mar 2014

ConocoPhillips spuds fifth well in Australian exploration campaign

ConocoPhillips has spudded the Poseidon North-1 well, the fifth well in its Browse Basin Phase 2 exploration campaign according to its partner Karoon Gas. The Poseidon North-1 exploration well, located 6.5km north-east of the Poseidon-1 well in permit WA-315-P, is targeting the Plover and Montara formations and has the potential to add significantly to the already discovered Greater Poseidon area. The .... [+ read more] six well Brows Basin Phase 2 drilling campaign will continue to utilise the ‘Transocean Legend’ semisub rig throughout 2014. Four of the six wells have been completed so far. The well location for the last exploration well will be announced upon joint venture approval. The principal objective of the campaign is to better define the size and quality of the hydrocarbon resource within the exploration permits which contain Greater Poseidon trend. ConocoPhillips is the operator of the WA-315-P Browse Basin permit in which Karoon Gas Australia Ltd currently holds 40%.

20 Mar 2014

Statoil receives consent to drill with the 'Ocean Vanguard'

Statoil has received consent to drill exploration well 25/8-18 S in production licence 169 in the North Sea. The well is to be drilled by the ‘Ocean Vanguard’ mobile drilling facility. The earliest start-up is April 2014 with a drilling duration of approximately 40 days, depending on whether a discovery is made. Water depth at the site is 129 metres. The .... [+ read more] well is in the North Sea, 12 km north-east of the Grane field and about 164 km from the nearest land, which is Utsira.

20 Mar 2014

GSP signs new long-term contract with OMV Petrom

Grup Servicii Petroliere has signed a new contract with OMV Petrom. The contract refers to offshore drilling and workover operations which will be carried out by GSP Uranus. The rig will operate in the Black Sea offshore Romania under an aggregate duration of two years. On March 20, 14:30 hours, the convoy composed of GSP King, GSP Licorn and two other .... [+ read more] tug vessels begun the rig moving from GSP Shipyard, in Constanta Sud Agigea Port, heading to the first drilling location offshore. GSP Uranus is a three legs, self elevating unit, cantilever type Marathon Le Tourneau Class 116-C. This is the most recently concluded investment project carried out in order to extend the company’s fleet, respectively the company’s market share. GSP Uranus upgrade and reclassification project, worth over USD 44 million, was completed with the support of EximBank.GSP Uranus upgrade and reclassification project was developed under the management of GSP Shipyard and ABS supervision and included repair works, upgrading works and certification (class and statutory certificates).

19 Mar 2014

Statoil makes gas discovery near Visund field in Norway

Statoil Petroleum AS, operator of production licence 120, has concluded the drilling of wildcat well 34/8-17 S. The well was drilled on the northeast flank of the Visund field, in the northern part of the North Sea. The well's primary exploration target was to prove petroleum on the east flank of the Visund field in Lower Jurassic reservoir rocks (the .... [+ read more] Statfjord group). The secondary exploration target was to prove petroleum in Lower Jurassic (Lower Statfjord group) and Upper Triassic reservoir rocks (the Lunde formation). The well encountered an approx. 31-metre gross gas column in the Tarbert, Ness and Etive formations in the Middle Jurassic, about 20 metres of which were in sandstones with very good reservoir quality. In the immediately underlying reservoir rocks in the Rannoch formation in the Middle Jurassic, the well encountered an approx. 21-metre petroleum column in sandstones with poor reservoir quality. Traces of petroleum were also encountered in Lower Jurassic sandstones of variable reservoir quality in the Cook formation and in the Statfjord Group. It is unclear at this time whether there is oil or gas in the Rannoch and Cook formations, and in the Statfjord group. The Lunde formation is aquiferous. Data acquisition and sampling were conducted in the well, but it was not formation-tested. Preliminary estimates place the size of the discovery at between 0.5 and 2 million Sm³ recoverable oil equivalents. The licensees in production licence 120 will consider tying this discovery to existing infrastructure in the Visund area. This is the 24th exploration well in production licence 120, which was awarded in the 10th licensing round, part A, in 1985. 34/8-17 S was drilled to a vertical depth of 3187 metres below the sea surface, and was terminated in the Lunde formation in the Upper Triassic. The water depth is 378 metres. The well will now be permanently plugged and abandoned. Well 34/8-17 S was drilled by the COSL Pioneer drilling facility, which will now drill a sidetrack to a production target in the Visund field.

19 Mar 2014

Ophir comes up dry with Padouck Deep-1 well in Gabon

Ophir Energy plc (“Ophir” or “the Company”) announces that drilling operations have now concluded on the Padouck Deep-1 well in the Ntsina Block offshore Gabon. Ophir has a 50%* net operated interest. The well was drilled by Vantage Drillling's 'Titanium Explorer' drillship to a depth of 3,297m TVDSS targeting the Cretaceous Gamba and Coniquet/Dentale sands in the pre-salt section. Thicker than .... [+ read more] expected, good quality Gamba and Coniquet/Dentale reservoir sands were encountered. There were no significant hydrocarbon shows in the targeted reservoirs, however, minor shows were interpreted at shallower intervals providing evidence of a working hydrocarbon system in the offshore North Gabon Basin. In addition, well log responses in the deeper pre-salt stratigraphy are similar to those observed onshore Gabon where they are indicative of an interbedded pre-salt source and reservoir system. Full analysis and interpretation of the log data is ongoing. The key pre-drill risk was that of seal and trap integrity. The lack of the anticipated thin salt drape over this high relief prospect and the lack of sealing shales within the targeted reservoirs appear to be a cause of the prospect’s failure. Vantage Drilling's 'Titanium Explorer' will now move to the Gnondo Block to drill the Affanga Deep prospect which has the potential to hold mean recoverable resources of 170mmb and to derisk several follow on prospects which could provide the basis for a hub development. The rig will then return to target the Okala pre-salt prospect on the Mbeli Block.

18 Mar 2014

AWE prepares to sidetrack its Pateke-4H appraisal well in New Zealand

Pan Pacific Petroleum has been advised by AWE, the Operator of PMP38158, that as of 06:00hrs the Pateke-4H appraisal/development well being drilled by the semi-submersible drilling rig the “Kan Tan IV” was preparing to side-track. Despite considerable effort it proved impossible to resolve the mechanical drill string difficulties experienced during the original drilling (as reported earlier) leading .... [+ read more] to a decision to abandon the lower part of the hole. This lower section has now been cemented off and isolated and the Operator will drill a side-track from a measured depth of 3,375m BRT (below rotary table) to approximately 4,110m BRT. The side track will penetrate the the F10 reservoir at a horizontal angle and the 9 5/8 inch casing will be set just above the F10 reservoir, as planned. The well will then be drilled horizontally through the F10 reservoir for an additional 1250m to a total measured depth of 5,361m BRT. The Kapuni F10 sandstone objective was intersected on prognosis in the original hole with oil shows and real time logging measurements indicating the likely presence of an oil bearing reservoir, which is very encouraging. However, the commercial significance of the oil shows will not be clear until the horizontal drilling has been completed. Pateke-4H is targeting contingent resources contained in Pateke North a potential extension of the Pateke Field which is not being accessed by Pateke-3H, the current producing well on the Pateke structure. If successful the well will be completed for subsequent tie-back to the Tui FPSO for production with first oil expected before the end of Q1 2015.

18 Mar 2014

BP Contracts 'Ocean Victory' for Trinidad drilling

BP has chartered Diamond Offshore Drilling’s (Diamond) ‘Ocean Victory’ semisub rig for drilling off Trinidad. The ‘Ocean Victory’ will begin its two-year firm contract with BP in April 2015, working at a dayrate of US$398,000, with an additional one-year extension option. The unit is currently ready stacked in the USA and is being actively marketed by Diamond, following its completion of .... [+ read more] a contract with Stone Energy in February 2014. BP currently has two rigs under contract in Trinidad, the ‘Rowan EXL-2’ jackup which has been drilling on the Savonette Field and SapuraKencana Drilling’s ‘SKD Jaya’ semi-tender rig.

17 Mar 2014

Nexen contracts 'GSF Galaxy III' for Buzzard field accommodation work

Nexen has awarded Transocean’s ‘GSF Galaxy III’ jackup drilling rig a two and a half month contract extension for continued operations in the UK North Sea. Nexen plans to use the jackup as an accommodation unit on the Buzzard field during the extension period, with the unit earning a dayrate of US$180,000. Upon completion of its two and a half month .... [+ read more] contract extension, the jackup is due to enter a shipyard in the UK for 89 days of maintenance and inspections.

17 Mar 2014

'Ocean General' completes Vietnam drilling

Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract that the plugging and abandonment of the 07/03-CD- 1X exploration well drilled using the 'Ocean General' drilling rig has been completed and the rig has been released. .... [+ read more]

17 Mar 2014

Cairn Energy releases Morocco drilling update

Cairn Energy (Cairn) has released an operational update relating to its 2014 exploration drilling campaign in Morocco. Cairn’s JM-1 well, which was spudded in January 2014 by Transocean’s ‘Cajun Express’ semisub has reached a total depth of 3,711m and has now been plugged and abandoned without further testing. The well was drilled to evaluate the Upper Jurassic and Middle Jurassic objectives. .... [+ read more] In the Upper Jurassic section, the well has confirmed the presence of heavy oil over a gross interval of 110 metres as originally tested in the 1968 MO-2 well, some 2km from the JM-1 well. Reservoir quality and the oil gravity in the Upper Jurassic across the Cap Juby structure require further evaluation by Cairn and its joint venture partners (Office National Des Hydrocarbures et Des Mines “ONHYM” and Genel Energy). Work is ongoing to correlate the core and log data from JM-1 with other wells on Cap Juby to evaluate the extent of moveable hydrocarbons and how any further assessment should be conducted. The Middle Jurassic objective was encountered with limited primary porosity and evaluation of well logs and side wall cores continues. The next well in Cairn’s planned exploration programme is ‘FAN-1’ located in the Sangomar, Sangomar Deep and Rufisque blocks (Cairn 40% WI, Operator) offshore Senegal. This well will target multiple stacked structural and stratigraphic fan closures interpreted as trapping a variety of potentially thick, high quality clastic reservoirs.

17 Mar 2014

Kosmos Energy spuds FA-1 well offshore Morocco

Kosmos Energy Ltd’s (Kosmos) partner in the Forum Assaka area in Morocco Fastnet Oil & Gas Plc (Fastnet) has confirmed the spudding of the FA-1 well on the 16th March 2014. The FA-1 well is being drilled by Maersk Drilling’s ‘Maersk Discoverer’ semisub rig, has a planned target depth of 4,000m and is being drilled in water depths of approximately 600m. .... [+ read more] The well is expected to take up to three months to reach its total depth and test multiple objectives. The FA-1 well is estimated by Kosmos, to contain 360 mmboe of Pmean resources in its primary deepwater Lower Cretaceous reservoir objective. Fastnet is carried through its share of the drilling costs, subject to a gross maximum well cost of US$100 million, following the previously announced farm-out to SK Innovation, retaining a 9.375% net interest in the licence.

17 Mar 2014

Sunbird-1 drilling is completed by 'Deepsea Metro I'

Pancontinental Oil and Gas NL (Pancontinental) is pleased to provide an update regarding the Sunbird-1 exploration well in area L10A (Pancontinental 18.75%) offshore southern Kenya. As advised in Pancontinental's ASX release on 6th January 2014, Pancontinental was not intending to provide any information concerning the progress of the drilling of the Sunbird-1 well until the well had been completed and it .... [+ read more] was in a position to provide information that was not considered speculative or incomplete. However, due to the news media reports over the weekend stating that the Sunbird-1 exploration well had discovered oil and natural gas, Pancontinental provides the following clarification: Sunbird-1 Drilling The Sunbird-1 well operated by BG Group (Operator), using the drillship ‘Deepsea Metro-1’, has reached a final depth of 2,850 metres below the drill floor. The water depth is 723 metres. The top of the Sunbird Miocene Pinnacle Reef was penetrated at 1,583.7 metres subsea. The Sunbird Miocene Reef has been found to contain a hydrocarbon column, however the vertical extent of the hydrocarbon column has not yet been determined due to the difficulty of assessing wireline logs in the upper section of the reef where there were extensive losses of drilling fluid into highly porous and permeable parts of the reservoir. Hydrocarbon samples have been recovered for detailed analyses. The full nature of the hydrocarbons will not be known until geochemical and other analyses have been completed. At this early stage of results interpretation, the Operator has advised Pancontinental that it is not yet in a position to properly and fully estimate the vertical extent of the hydrocarbon column, the potential volumes of hydrocarbons, or to provide an accurate assessment of the nature of the hydrocarbons; nor is it in a position to comment on whether the volumes of hydrocarbons discovered appear to be commercial or sub-commercial. Recent and current activities include wireline logging, formation and fluid sampling and preparations for completing the well. It is intended that Sunbird-1 will be “plugged and abandoned” in accordance with the planned drilling programme and industry best practice, meaning that the well will be made safe in such a way that it can be left permanently without further intervention. These measures are designed to ensure that there is no leakage of hydrocarbons within the well, or to the sea floor. Pancontinental will provide further information regarding the well results and a forward work programme when the fully assessed results have been provided by the Operator in the coming weeks.

15 Mar 2014

New well on Alve

An appraisal well on Alve was spudded yesterday, 14 March, by operator Statoil. This small gas and condensate discovery in the Norwegian Sea lies close to the group’s Norne field. “We’re hoping to establish that the field is considerably larger than has already been proven,” explains Knut Chr Grindstad, exploration manager for the Halten/Nordland cluster. “In our view, there’s .... [+ read more] a good chance that possible additional resources in Alve will be oil.” The partners must identify more oil or gas in the discovery if they are to achieve a profitable development, he explains. Maturing and harnessing smaller fields located close to existing infrastructure is also important for Statoil, Mr Grindstad adds. The Alve well is being drilled by the West Navigator drill ship (formerly West Navion), with six weeks assigned for the operation. Once this appraisal has been completed, the vessel is due to drill a further exploration well in the Halten/Nordland area. Statoil has a 50 per cent interest in Alve. The other owners are Shell with 40 per cent and Norsk Hydro with 10 per cent.

14 Mar 2014

Construction starts on first ESSM jackup rig

Shanghai Waigaoqiao Shipbuilding Co. Ltd (SWS) has announced that the beginning of construction of a CJ46-X100-D jackup drilling rig for ESSM PTD LTD (ESSM) on 5th March 2014. The CJ46 drilling rig is the first project undertaken by SWS for ESSM, with delivery of the unit expected to be in late 2015/early 2016. SWS has named the units hull H1368. .... [+ read more]

13 Mar 2014

Caravel-1 exploration well reaches total depth

Origin Energy Limited (Origin) announces that PEP 38264 operator, Anadarko Petroleum Company, has advised the joint venture that the Caravel-1 well in New Zealand’s Canterbury Basin has reached total depth. The exploration well was drilled to a depth of 2,692 metres below rotary table and is currently being plugged and abandoned after encountering gas shows. .... [+ read more] A detailed analysis of sub-surface information will take place in the coming months to guide any future activities in the area.

13 Mar 2014

COSCO delivers 'SKD T-18' tender rig

COSCO (Nantong) Shipyard ("COSCO") has announced the successful delivery of the 'SKD T-18' tender drilling rig. The rig will be delivered to SapuraKencana Drilling Ptd Ltd, after the company purchased it from Seadrill Ltd in April 2013. The unit will now be mobilised to Thailand where it will begin drilling operations for Chevron on a five year contract that was awarded .... [+ read more] in May 2012.

13 Mar 2014

'Noble Clyde Boudreaux' awarded new contract with Shell

Noble Drilling (Noble) has announced the award of a new contract for its ‘Noble Clyde Boudreaux’ semi-submersible drilling unit. The unit is currently operating in Australia whilst it is contracted to Shell and has been awarded a firm two well extension to its existing contract. This new two well contract extension means that the ‘Noble Clyde Boudreaux’ will continue to operate .... [+ read more] for Shell in Australia. The extension comes into effect in April 2015 and runs through to September 2015, whilst also increasing the unit’s dayrate from US$417k to US$515k.

13 Mar 2014

Noble releases update for the 'Noble Paul Wolff'

In the same announcement as the new contract for the ‘Noble Clyde Boudreaux’, Noble also gave an update on the status of the ‘Noble Paul Wolff’ semisub. After tilting whilst operating for Petrobras in February 2014, the unit remains on a zero dayrate as recovery and well abandonment procedures are carried out. Noble is discussing possible early termination of the contract .... [+ read more] with Petrobras. If Petrobras does decide to terminate the contract early, the unit will be moved to a shipyard in Asia where Noble will evaluate new market opportunities.

11 Mar 2014

Statoil receives approval to use 'Ocean Vanguard' to drill pilot hole on Johan Sverdrup

Statoil has received consent to use Diamond Offshore’s ‘Ocean Vanguard’ semisub for drilling a pilot hole at 16/2-U-7 in the Johan Sverdrup field. Johan Sverdrup is in the North Sea, about 36 km south of the Grane field, 56 km north-east of the Sleipner field (Sleipner Øst) and about 144 km west of Utsira municipality in Rogaland county. The rig's planned .... [+ read more] position during drilling of well 16/2-U-7 is 58.50098” N 02.33167” E, with water depth at the site approximately 115 metres. Drilling is planned to start during March 2014 with an expected duration of 7 days. Ocean Vanguard is operated by Diamond Offshore with operations offices in Stavanger and technical and operational support from the company's office in Aberdeen.The facility is registered in the Marshall Islands with Det Norske Veritas as the classification society. Ocean Vanguard was built in 1982 and received Acknowledgement of Compliance (AoC) from the PSA in July 2004.

11 Mar 2014

Tullow receives consent to drill exploration well in Norway using 'Borgland Dolphin'

Tullow Oil Norge AS (Tullow) has received consent to drill exploration well 31/2-21 S in production licence 550 using the ‘Borgland Dolphin’ mobile drilling facility. The well is in the northern part of the North Sea, west of the Troll field. Water depth at the site is 348 metres. The ‘Borgland Dolphin’ is a semi-submersible drilling facility of the Aker H-3 .... [+ read more] type. It was built at Harland & Wolff in Belfast, Northern Ireland in 1977 and underwent an extensive upgrade in 1999. The facility is owned by Borgland Dolphin Pte Ltd and operated by Dolphin Drilling A/S. It received Acknowledgement of Compliance (AoC) in September 2004.

11 Mar 2014

Viking Offshore & Marine invest in second newbuild jackup

Viking Offshore & Marine (Viking) is set to invest US$5.4 million to take a 30% stake in a newbuild jackup rig being constructed for Chan Kwan Bian (Mr Chan). Singapore based Viking, is looking to invest in the newbuild rig through its investment in Quick Booms Investmens Limited (QBI), a special purpose vehicle controlled by Mr Chan. The investment is similar .... [+ read more] to the investment made back in November 2013 by Viking and as such will be the second newbuild jackup that Viking has acquired a stake in. The jackup will be built to Gusto MSC’s CJ46-X100-D design and will be able to operate in water depths up to 375ft whilst drilling down to depths of 30,000ft.

11 Mar 2014

Lundin completes Boni-1 well in the Natuna sea, offshore Indonesia

Lundin Petroleum AB (Lundin) announces that the exploration drilling of the Boni prospect in the Baronang PSC, Natuna Sea, Indonesia has been completed. On 11th March 2014 drilling of the Boni-1 well reached Total Depth at 2,214 metres below mean sea level in the granitic basement as per the drilling programme. Preliminary analysis of LWD logs indicates that the well .... [+ read more] encountered the targeted Oligocene Lower Gabus Formation sandstone in well-developed reservoirs but no hydrocarbons were encountered. The Boni-1 side-track will be permanently plugged and abandoned in conjunction with Balqis-1. Rig contract owner Premier Oil has exercised its option to take the ‘Hakuyru-11’ rig following the drilling of the Balqis-1 and Boni-1 wells. The Gobi-1 exploration well, located in the Gurita PSC Republic of Indonesia, will now be drilled in the fourth quarter of 2014. Lundin, through its wholly owned subsidiary Lundin Baronang BV, is the operator and has an 85 percent working interest in the Baronang PSC. Partner Nido Petroleum Limited has a 15 percent working interest, where the recent 5 percent increase remains subject to governmental approval. Lundin operates five PSCs in Indonesia, namely Baronang, Cakalang, Gurita, South Sokang and Cendrawasih VII.

11 Mar 2014

Seadrill agrees to sell 'West Auriga' drillship to Seadrill Partners LLC

Seadrill Limited (Seadrill) announced today that it has entered into an agreement with Seadrill Partners LLC pursuant to which Seadrill will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51% owned subsidiary ("Capricorn Holdings"), all of the ownership interests in the entities that own and operate the drillship, the ‘West Auriga’. Seadrill will own the remaining 49% interest in Capricorn Holdings. .... [+ read more] The acquisition of the ‘West Auriga’ drillship, which is expected to close within 30 days, will be accomplished through a series of purchases, contributions and assumptions of debt and is subject to the satisfaction of certain closing conditions.The ‘West Auriga’ is a 6th generation, dynamically positioned drillship delivered from the Samsung shipyard to its current customer, BP, in October 2013. The drillship is expected to carry out operations in the U.S. Gulf of Mexico until the end of its contract in October 2020 at a dayrate of US$565,000 per day, excluding approximately $37,500 per day payable by the customer over the term of the contract relating to mobilization, variation orders and other special and standby rates. The implied sale price of the drillship is US$1.24 billion, less US$443.1 million outstanding under the facility related to the ‘West Auriga’. In addition, Capricorn Holdings intends to issue a US$100 million zero coupon limited recourse discount note to the Company that matures in September 2015. Upon maturity of such note, Seadrill Capricorn Holdings LLC will repay US$103.7 million to the Seadrill. Based on the Seadrill Partners' 51% ownership of Seadrill Capricorn Holdings, its portion of the net purchase price after debt will be US$355.4 million.

11 Mar 2014

New Build Order for Jackup Rig

Viking Offshore & Marine Limited (“Viking” or “the Group”) announced today it would participate in the ownership of a second cantilever drilling jack-up rig, further strengthening its partnership with Singapore rig veteran, Mr Chan Kwan Bian (“Mr Chan”) as it accelerates its entry into mainstream offshore rig chartering. SGX Catalist-listed Viking said its wholly-owned Viking Asset Management Pte. Ltd. (“VAM”) will .... [+ read more] invest US$5.4 million to take a 30%-stake in Quick Booms Investments Limited (“QBI”), a special purpose vehicle controlled by Mr Chan which has a contract with a yard to build the CJ46-X100-D GustoMSC designed for use in water depth up to 375 feet and can accommodate 120 men during operation. The investment in QBI follows Viking’s announcement on 4 November 2013 of its first investment in Smart Earl Investments (“SEI”) which has a contract with a yard to build a rig – of similar price and specifications – in partnership with Mr Chan. Both the first and second rig is expected to be completed within the fourth quarter of 2015. A renowned industry veteran with extensive experience in offshore and marine, Mr Chan co-founded Labroy Marine Ltd (“Labroy”), a then-SGX listed offshore and marine specialist which was sold to Dubai Drydocks World LLC for S$2.4 billion in 2008. Viking’s offshore system solutions business also secured the rights to supply all its three main types of offshore-related products and services for the first rig, and is confident of securing similar rights for the second rig. Mr Daniel Lin, Executive Director of Viking and Chief Executive Officer of VAM, said: “Viking is moving rapidly to develop its new pillar of growth – mainstream offshore rig chartering. This second rig, being finalised four months after the first one, underscores the faith that Viking has in extending its partnership with an experienced offshore rig operator such as Mr Chan Kwan Bian.” “In securing rights for the supply of our core offshore products and services for the first rig, and the likelihood of securing the same for the second rig, we are accelerating the synergy of our core business divisions. Additionally, this will pave the way and open up potential for our products and services to be the standard for all CJ46 rig specifications,” he added.

10 Mar 2014

Statoil concludes dry well north of Fram field with 35/11-16 S well

Statoil Petroleum AS, operator of production licence 248 C, is in the process of concluding the drilling of wildcat well 35/11-16 S. The well was drilled about 5.5 kilometres north of the Fram field in the northern North Sea, and about 130 kilometres northwest of Bergen. The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks .... [+ read more] (intra- Draupne formation sandstones). The well was drilled from production licence 248 C, with exploration target in licence 090 B. The well encountered approx. 9-metres net intra-Draupne formation sandstones with relatively good reservoir properties. Only traces of petroleum were encountered. The well is classified as dry. Data acquisition and sampling have been carried out. The well is the first exploration well in production licence 248 C, which in 2013 was carved out of production licence 248, awarded in the 1999 North Sea Awards. The well was drilled to a vertical depth of 3211 metres below sea level and was terminated in the Heather formation in the Upper Jurassic. Water depth is 367 metres. The well will now be permanently plugged and abandoned. Well 35/11-16 S was drilled by the Songa Trym drilling facility, which will now proceed to the adjacent production licence 90 to drill wildcat well 35/11-17, where Statoil Petroleum AS is the operator.

10 Mar 2014

Spartan 202 contracted by Byron Energy

Byron Energy Limited (Byron or the Company) advised on 17 February 2014 that it expected to spud Byron Energy SM6 #1 well (“SM6 #1”) in the first half of March 2014, subject to ‘Spartan Rig 202’ completing its existing drilling commitment. Based on the latest information from Spartan Offshore Drilling, Byron is anticipating a spud date in early to mid-April, 2014, .... [+ read more] with the actual spud date depending on when the ‘Spartan Rig 202’ is finished with its current drilling commitment. The SM6 #1 well will be drilled on the South West Prospect, in the south west corner of a major salt dome in the South Marsh Island Block 6 (“SMI 6”) lease. The prospect is located 216km southwest of New Orleans, offshore Louisiana, in the shallow Gulf of Mexico at a water depth of approximately 17m. Byron owns a 100% working interest and an 81.25% net revenue interest in SMI 6 and is the operator of the block.

6 Mar 2014

'ZHONG YOU HAI 16' jackup successfully towed and raised

On the 24th February 2014, the Shanghai Waigaoqiao Shipyard (SWS) announced the launching of the H1289 and keel laying of H1320, as well as the towing of the H1318 (‘ZHONG YOU HAI 16’) jackup units. At 5:00 am on February 20th, while many people were still in their sleep, H1318 started to be towed from SWS outfitting quay. By learning from .... [+ read more] the experience on the last towage of H1288, the operation plan of this rig was further improved. The cooperative partner of this event, DONGHAI RESCUE BUREAU dispatched two high-powered tug boats to implement the task. With the escort and supervisory by Shanghai Maritime Administration, Fishery Administration and Coast Public Security Bureau, the Jack Up smoothly arrived at SWS Offshore on February 21st within 24 hours consecutive drifting. In the following positioning operation, it was the first time for SWS to undertake command of control work alone in the lifting operation. With the efforts of all relative personnel, the legs locating eventually completed in the afternoon of February 24th after the per-leg erection, location, spud can connecting the earth, the piles inserting into the bottom of river, three rounds test of blasting, piles pressing, static surveying and rig up floating. It was the first time to adopt the dynamic positioning technique that guarantee the perfect position-fixing of rig, the safety air gap of lifting, and the successful completion of the whole operation.

6 Mar 2014

VNG Norge AS successful with exploration drilling on the Pil prospect in Norway

VNG Norge AS’s (VNG) partner in PL 586; Rocksource ASA (Rocksource) has announced an oil and gas discovery at the Pil prospect in the Norwegian Sea. The Pil prospect well (6406/12-3 S) was drilled by the ‘Transocean Arctic’ rig and the preliminary volumetric estimates indicate recoverable resources above the estimated pre-drill range of 20-50 million barrels of oil equivalent. The 6406/12-3 .... [+ read more] S well encountered a 226 metre hydrocarbon column, 92 metres of gas and 134 metres of oil in the Rogn formation. Extensive coring and data acquisition has been performed in the reservoir section. Preliminary data indicates good reservoir properties. The well will now be drilled to the planned TD. The partnership has decided to conduct a production test, and a potential side track into the adjacent Bue prospect is under evaluation. Rocksource will provide further information to the market as operations proceed. The PL 586 licence is operated by VNG. Pil is located within tieback distance (33 km) to the producing Njord field. Rocksource, through Rocksource Exploration Norway, holds a 15 percent interest in PL 586. Partners are VNG Norge (Operator) with 30 percent, Spike Exploration 30 percent and Faroe Petroleum 25 percent.

5 Mar 2014

Statoil receives approval to use 'Bideford Dolphin' for development activity in Norway

Statoil has received consent to use the ‘Bideford Dolphin’ mobile drilling facility for drilling and completion on the Vigdis and Tordis fields and Statfjord satellites in production licences 089 and 037. Planned start-up is March 2014, and the activities will run until the first quarter of 2017. They are to be carried out using the Bideford Dolphin mobile drilling facility. The .... [+ read more] ‘Bideford Dolphin’ is a semi-submersible Aker H-3 drilling facility built in 1975 and operated by Dolphin AS.

5 Mar 2014

NPD grants Lundin drilling permit for appraisal well on PL492

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7120/1-4 S, cf. Section 8 of the Resource Management Regulations. Well 7120/1-4 S will be drilled by the Island Innovator drilling facility at position 71° 5´ 18.21" north and 20º 10´ 08.61" east. The drilling programme for well 7120/1-4 S relates to drilling of an appraisal .... [+ read more] well in production licence 492. Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Det norske oljeselskap ASA with 40 per cent and Noreco Norway ASA with 20 per cent. The production licence consists of parts of blocks 7120/1 and 7120/2. The production licence was awarded in APA 2007. Wildcat well 7120/1-4 S is the second exploration well in production licence 492. The permit is contingent on the operator securing all other required permits and consents required by other authorities before the drilling activity starts.

5 Mar 2014

'Rowan Renaissance' drillship completes mobilisation to Namibia

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed Africa focussed oil and gas exploration company, is pleased to confirm that the Rowan Renaissance drillship arrived, as expected, in Walvis Bay, Namibia, yesterday. This new build drillship will now undergo the scheduled preparation and final acceptance testing by Repsol, to whom it is being hired on a .... [+ read more] three year contract. It is still expected to commence its operations for the Welwitschia-1 well, operated by Repsol and in which Tower has a 30% interest, on or around 11 April, with the spud being approximately one week later.

5 Mar 2014

'Sagadril 1' completes Iran contract and enters shipyard

The jack-up rig 'Sagadril 1', having completed the contracted operations for Pars Oil and Gas Company (POGC) in the South Pars gas field offshore Iran, was released by POGC and entered Lamprell shipyard in the UAE on 4th March, 2014. The rig is scheduled to undergo maintenance works for approximately 4 months in preparation for a new prospect being sought outside .... [+ read more] Iranian waters.

4 Mar 2014

'Hakuryu-11' completes drilling of the Balqis-1 well in Indonesia

Lundin Petroleum announces that the exploration drilling of the Balqis prospect in the Baronang PSC, Natuna Sea, Indonesia has been completed. Preliminary analysis of wireline logs indicates that the well encountered the targeted Oligocene Upper and Lower Gabus Formation sandstone in well developed reservoirs but no hydrocarbons were encountered. The Balqis-1 well reached basement at a total depth of 2,109 .... [+ read more] metres below mean sea level (MSL). The lower section of the Balqis-1 will now be plugged and abandoned and the drilling of the Boni-1 exploration side-track well will commence below the Balqis-1 9 5/8” casing shoe. The Boni-1 side-track well will test the stratigraphic on-lap play of the Lower Gabus Formation sandstones against the Basement approximately 800 metres to the west of the vertical Balqis-1 well. Lundin Petroleum estimates the Boni prospect to have the potential to contain unrisked, gross, prospective resources of 55 million barrels oil equivalent (MMboe). The planned total vertical depth is 2,300 metres below MSL and the drilling is expected to take approximately 5 days. Nido Petroleum Limited exercised its option in accordance with the farm-in agreement to increase its participating interest from 10 percent to 15 percent in the Baronang PSC on the 24th February 2014. The five percentage point increase remains subject to governmental approval. Lundin Petroleum, through its wholly owned subsidiary Lundin Baronang BV, is the operator and has a 85 percent working interest in the Baronang PSC. Partners are Nido Petroleum Limited with 15 percent working interest. Lundin operates five PSCs in Indonesia, namely Baronang, Cakalang, Gurita, South Sokang and Cendrawasih VII.

4 Mar 2014

'Ocean Vanguard' spuds new Johan Sverdrup appraisal well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that the appraisal well 16/2-19 has commenced in the Statoil-operated PL265 on the Johan Sverdrup discovery, located in the North Sea sector of the Norwegian Continental Shelf (NCS). The well is located in PL265 in the northern part of the Johan Sverdrup .... [+ read more] discovery. The main objective of the well is to investigate the Jurassic presence, reservoir thickness, quality and distribution on the north-eastern edge of the discovery 2.2 kilometres north of appraisal well 16/2-12 and 3.2 kilometres south-east of appraisal well16/2-9s. The planned total depth is approximately 1,990 metres below mean sea level and the well will be drilled by the semi-submersible drilling rig ‘Ocean Vanguard’. The drilling operation is expected to take approximately 45 days. Statoil Petroleum is the operator of PL265 with 40 percent interest. The partners are Petoro (30%), Det norske oljeselskap (20%), and Lundin Norway (10%).

3 Mar 2014

Freeport-McMoran Oil & Gas partner secures rig for Magazan permit drilling in Morocco

Pura Vida Energy NL (“Pura Vida” or the “Company”) is pleased to announce the execution of a rig share agreement for the drilling of two wells in the Mazagan permit by the ‘Atwood Achiever’ deepwater drillship. The ‘Atwood Achiever’ has been contracted by Kosmos Energy for a four year period upon delivery from the shipyard in Q3 2014.Under the rig share .... [+ read more] agreement with Kosmos, two slots have been assigned for the drilling of wells in the Mazagan permit. The first of these slots will be used to drill the Toubkal-1 well and is expected to commence in January 2015. The second slot will be in 2H 2015. The Mazagan permit in Morocco is operated by Freeport-McMoran Oil & Gas.

3 Mar 2014

GDF Suez completes wildcat well 7222/11-2 in Norway

Det norske oljeselskap ASA, operator of production licence 659, has concluded the drilling of wildcat well 7222/11-2. The well was drilled about 80 kilometres northeast of the Snøhvit field in the Barents Sea and about 160 kilometres northwest of Hammerfest. The objective of the well was to prove petroleum in reservoir rocks from the Middle Triassic (Kobbe formation). The .... [+ read more] well encountered a gross oil column of about 30 metres in the Kobbe formation, of which about 20 metres in sandstone with much poorer reservoir quality than expected. Several thin layers of sandstone were also encountered deeper in the Kobbe formation, but these were tight. The poor reservoir properties made it impossible to establish gradients from the pressure measurements. Therefore, no oil/water contact was encountered. Preliminary assessments indicate that the discovery is not commercially interesting. Extensive data acquisition and sampling have been carried out. A formation test (mini-DST) was performed, but revealed very poor flow properties. This is the first exploration well in production licence 659. The licence was awarded in APA 2011. The well was drilled to a vertical depth of 2918 metres below the sea surface, and was terminated in the Klappmyss formation from the Early Triassic. The water depth is 338 metres. The well will now be permanently plugged and abandoned. Well 7222/11-2 was drilled by the Transocean Barents drilling facility, which will now proceed to production licence 607 to drill wildcat well 7218/8-1, where GDF SUEZ E&P Norge AS is the operator.

3 Mar 2014

'Ocean General' drills duster in Vietnam

Pan Pacific Petroleum (Vietnam) Pty Ltd has been advised by the Operator of the Block 07/03 Production Sharing Contract, Premier Oil Vietnam South, that 07/03-CD-1X, the Silver Sillago exploration well being drilled by 'Ocean General' drilling rig has reached a measured depth of 3537m BRT (below rotary table) without encountering oil or gas and TD (total depth) has been declared .... [+ read more] at this depth. The well, which evaluated a tilted fault trap similar to the Cá R?ng Ð? (CRD) structure, encountered sandstones in the main objective sequence as prognosed, but no hydrocarbons were present. Preparations will now be made to plug and abandoned the well as planned.

3 Mar 2014

'Leiv Eirkisson' spuds appraisal well on Titan discovery in Norway

RWE Dea Norge commenced drilling a well at production license (PL) 420, to appraise the Titan discovery. Recoverable volumes are estimated at approximately 12 million standard cubic metres oil equivalents. It is the first of two wells to be drilled on PL420 this year. RWE Dea Norge has contracted the semi-submersible rig Leiv Eiriksson to drill well 35/9-11 S on .... [+ read more] Titan (PL420) in the North Sea. A promising discovery was made on the license in 2010. The complexity of the reservoir necessitated the collection of new 3D seismic data in 2012. Following interpretation of the data, the decision to drill was made. The appraisal well will be drilled at a water depth of 370 meters and is expected to be completed in 60 to 120 days, depending on results. The primary target is the Brent Group at approximately 3,770 meters below sea level, with secondary targets in the Heather and Cook formations. “Everything is in place to ensure that the drilling will be completed without incidents, and hopefully with good results”, says Hugo Sandal, Managing Director of RWE Dea Norge. “We discovered oil and gas resources in this prospect in 2010, and are now eager to explore the size of the discovery. We have accumulated a comprehensive geological understanding of this area of the North Sea, which is one of our core areas on the Norwegian Continental Shelf”, Sandal continues. Titan is located about 16 kilometers west of the Gjøa field in the North Sea. In 2010, RWE Dea Norge discovered both oil and gas in well 35/9-6 S in a 435 meter hydrocarbon column in the Heather, Cook, and Drake Formations and in the Brent Group. Current estimates are in the range of 12 million standard cubic metres recoverable oil equivalents.

3 Mar 2014

First KFELS N Plus jackup to be built for TS Offshore

Keppel FELS Limited (Keppel) has announced that it has secured a contract from TS Offshore Limited (TS Offshore), to construct the world’s first KFELS N Plus designed jackup rig. The unit which is scheduled for delivery from Keppel’s shipyard in Singapore in Q1 2017 is capable of operating in water depths up to 500ft and drilling down to a maximum depth .... [+ read more] of 35,000ft. TS Offshore will deploy the unit in the Eastern China Sea upon its completion but the unit will also be capable of operating in the North Sea. Keppel has announced that the cost of construction for the ultra-high specification jackp rig is worth around US$500 million. When delivered to TS Offshore, the jackup could be the largest jackup rig in operation however, this fact is dependent on the delivery date for the ‘Dubai Expo 2020 NS’ jackup, which upon completion will be capable of operating in water depths of 574ft and is also due for delivery in Q1 2017.

1 Mar 2014

Noble announces update on 'Noble Paul Wolff' in Brazil

Noble Corporation issued an update on the status of Noble Paul Wolff, a dynamically positioned semisubmersible rig operating off the coast of Brazil. The rig is stable and is operating under its own power following a ballast control incident that occurred on Friday, February 28. Additional crew members are also now being selectively returned to the rig. The .... [+ read more] Company continues to work with its customer and authorities to fully resolve the matter and safely resume normal operations.

28 Feb 2014

CIMC Raffles begins construction of Frigstad's second semisub rig

The CIMC Raffles (CIMC) shipyard has announced that construction of Frigstad Offshore’s (Frigstad) second ultra-deepwater semisubmersible rig has begun at its Haiyang production base in China. The ‘Frigstad Deepwater Rig Beta’ is part of a two rig order placed by Frigstad at CIMC in January 2013 with construction of the ‘Frigstad Deepwater Rig Alpha’ beginning back in August 2013. The two .... [+ read more] rigs are being built to Frigstad Engineering’s D90 rig design and upon delivery will be only the second and third units constructed to the design globally, following on from the delivery of the ‘Scarabeo 9’ which was delivered by CIMC in 2011.

28 Feb 2014

'Noble Paul Wolff' tilts whilst drilling in Brazil

Noble Corporation confirmed today that the Noble Paul Wolff, a dynamically positioned semisubmersible rig operating off the coast of Brazil, experienced a ballast control incident on Friday, February 28 at approximately 01:00 a.m. (BRT) local time. The crew took prompt corrective action, including safely securing the well, and measures are currently underway to resolve the matter. As a precaution, .... [+ read more] 77 non-essential personnel were evacuated from the rig without injuries, and no pollution has been reported. Noble continues to work with its customer and appropriate authorities in connection with this matter.

28 Feb 2014

Odfjell Drilling announces revised delivery date for 'Deepsea Aberdeen'

Following on from the incident involving water ingress in the pontoons in December 2013, the ‘Deepsea Aberdeen’ has been successfully recovered. Construction activities have resumed and are continuing as normal however, due to the incident a revised delivery schedule has been worked out for the unit with delivery now expected to occur in October or November 2014. This revised delivery schedule .... [+ read more] means that the unit will now not commence its contract with BP in the UK North Sea until during Q1 2015 and has added an additional US$10 million to the construction cost for the rig.

28 Feb 2014

Farmount Marine Safely Delivered ENSCO 5002 to Singapore

Fairmount Marine has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. Tug Fairmount Expedition hooked-up with the rig offshore Rio de Janeiro mid-November 2013. The convoy arrived in Singapore this week after a 9,200 miles voyage at an average speed of 5.6 knots. .... [+ read more] During the voyage stops were made in Cape Town (South-Africa) and Port Louis (Mauritius) for bunkers, replenishments and crew changes. At both stops the Fairmount Expedition made some cargo runs.

27 Feb 2014

Tullow receives drilling permit for 31/2-21 S wilcat well in Norway

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Tullow Oil Norge for well 31/2-21 S, cf. Section 8 of the Resource Management Regulations. Well 31/2-21 S will be drilled from the Borgland Dolphin drilling facility in position 60° 58'16.97" north and 3° 28'1.74" east following completion of the drilling of wildcat well 6407/1-7 for Wintershall in production licence .... [+ read more] 475. The drilling programme for well 31/2-21 S concerns drilling of a wildcat well in production licence 550. Tullow Oil Norge is the operator with an ownership interest of 90 per cent. The other licensee is Det norske oljeselskap ASA (10 per cent). The area in this licence consists of a 302 km2 sector of block 31/1 and a 166 km2 sector of block 31/2. The well will be drilled about 7.5 kilometres northwest of the Troll field. Production licence 550 was awarded on 19 February 2010 (APA 2009). This is the first well to be drilled in the licence. The permit is contingent on the operator securing all other permits and consents required by other authorities before the drilling activity starts.

27 Feb 2014

Cobalt makes fifth consecutive Angola discovery with Orca-1 well

Cobalt provided an update on its Orca #1 deepwater pre-salt exploratory well in Block 20, offshore Angola. The well has reached total depth and has resulted in the company’s fifth consecutive pre-salt discovery in Angola’s Kwanza basin. Initial analysis indicates that Orca has a resource potential of between 400 – 700 MMBO. Results of an extensive logging, coring, and fluid acquisition .... [+ read more] program confirmed the existence of a large light oil reservoir and a thin condensate and gas cap in the upper sag section of the well. In addition, mobile oil was discovered in the deeper syn-rift section of the well. After running production casing on the well which is currently underway, further evaluation and testing will commence, after which the well will be temporarily abandoned. Over the next several months following full processing and integration of all subsurface data collected from the well, the Block 20 partners will evaluate any additional activities necessary to assess Orca’s commerciality. After well operations are complete at Orca #1, Cobalt will move the Petroserv SSV Catarina drilling rig to the Cameia #3 location in Angola Block 21.

26 Feb 2014

Sembccorp Marine's PPL Shipyard in Singapore secures newbuild jackup order

Singapore Exchange Mainboard-listed Marco Polo Marine Ltd (“Marco Polo Marine” or the “Company”) together with its subsidiaries (the “Group”), a growing reputable regional integrated marine logistic group, is pleased to announce that Marco Polo Drilling (I) Pte. Ltd., an indirect wholly-owned subsidiary of the Company, had entered into an agreement with PPL Shipyard Pte Ltd, a subsidiary .... [+ read more] of Sembcorp Marine Limited, to construct a high-specification jack-up rig (the “Rig”) with a contract value of US$214.3 million for delivery slated in the fourth quarter of 2015 (the “Rig Construction Contract”), with options to be exercised at the Company’s discretion to construct another two more units for delivery in the third quarter of 2016 and the first quarter of 2017 respectively. The high-specification jack-up rigs will be constructed based on PPL Shipyard’s proprietary Pacific Class 400 design which is capable of operating in waters of up to 400 feet and drilling high pressure and high temperature wells to depths of up to 30,000 feet. Incorporating advanced drilling equipment for improved drilling efficiency with 1.5 million pound of static hook load capacity, offline handling features and simultaneous operations support, Pacific Class 400 is capable of jacking at full preload. It will also be equipped with full catering facilities and amenities which can accommodate up to 150 people on board in one-man and two-man cabins.

26 Feb 2014

Transocean announces construction of two newbuild drillships

Transocean Ltd (Transocean) has announced that the company has contracted Sembcorp Marine’s Jurong Shipyard in Singapore for the construction of two newbuild ultra-deepwater drillships. The two newbuild drillships are to be constructed to Jurong Shipyard’s proprietary Jurong Espadon III rig design and are expected to be delivered from the yard in Q2 2017 and Q1 2018. Both units will be capable .... [+ read more] of operating in water depths up to 12,000ft whilst drilling down to maximum depths of 40,000ft and are capable of accommodating up to 220 personnel. Transocean will pay a total of US$1.24 billion for the construction of the assets including shipyard contracts, project management, owner-furnished equipment, inventory and capital spares. The two firm drillship orders come with three additional construction options, which must be exercised at various times within a 24 month period and offer similar financial terms as the currently placed firm orders.

26 Feb 2014

'LOTOS Petrobaltic' jackup rig arrives in Poland

The jackup rig ‘LOTOS Petrobaltic’ today arrived in the Polish Baltic Sea having been transported from West Africa on-board the MV Target, heavy lift vessel. ‘LOTOS Petrobaltic’ is a jackup rig and was previously named the ‘GSF Monitor’ when it was owned by Transocean. The jackup was purchased by the LOTOS group from Transocean in December 2013 and began mobilisation to .... [+ read more] Poland in early 2014. LOTOS intends to use the rig to drill an initial 15 exploration wells in the Baltic Sea which will include wells in the Gotlandia licence in March 2014. If the unit is successful with its exploration efforts then LOTOS intends to purchase further offshore rigs to undertake the drilling of additional production and injection wells.

26 Feb 2014

LOTOS Petrobaltic to convert jackup rig into a fixed production unit

The LOTOS group has announced that the company intends to convert one of its jackup drilling rigs the ‘Petrobaltic’ from an offshore drilling unit into a fixed production unit. Work on the conversion of the ‘Petrobaltic’ is expected to begin in mid-2014 and upon completion in 2015, the production unit will be installed on the B8 field in Poland. The Italian .... [+ read more] contractor Rosetti Marino won the engineering, procurement and management services contract for the conversion of the ‘Petrobaltic’ in July 2013.

25 Feb 2014

Lundin Petroleum spuds new appraisal well on Edvard Grieg field in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 16/1-18 on the Edvard Grieg field located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced. The well is located on PL338 in the south-eastern part of the Edvard Grieg field. The objective .... [+ read more] for the well is to confirm the geological model at this part of the field in order to optimize drainage strategy and the placement of development wells. The well will also seek to identify potential increases to current 2P reserves volume estimates. The well is located approximately 2.4 km east of the Edvard Grieg platform location. The planned total depth is approximately 2,300 metres below mean sea level and the well will be drilled using the semi-submersible drilling rig 'Island Innovator'. The drilling operation is expected to take approximately 55 days. Lundin Norway is the operator of PL338 with 50 percent interest. The partners are OMV Norge AS with 20 percent, Statoil Petroleum AS with 15 percent interest and Wintershall Norge AS with 15 percent interest.

21 Feb 2014

Fred Olsen Energy ASA receives 'Bolette Dolphin' drillship

Bolette Dolphin Pte. Ltd, a subsidiary of Fred. Olsen Energy ASA, has today taken delivery of the ultra-deepwater drillship Bolette Dolphin from Hyundai Heavy Industries Co., Ltd. The ‘Bolette Dolphin’ drillship was ordered by Fred Olsen Energy in April 2011 and will be the company’s second drillship unit alongside the existing ‘Belford Dolphin’ drillship. The ‘Bolette Dolphin’ will shortly mobilize to .... [+ read more] West Africa to commence drilling operations for Anadarko Petroleum Corporation.

21 Feb 2014

Total E&P Norge AS use make oil discovery with 25/5-9 wildcat well in Norway

Total E&P Norge AS, operator of production licence 102 F, is about to complete drilling of wildcat well 25/5-9. The well was drilled about 10 kilometres east of the Heimdal field in the central part of the North Sea, and about 200 kilometres northwest of Stavanger. The objective of well 25/5-9 was to prove petroleum in Paleocene reservoir rocks (the .... [+ read more] Heimdal formation). The well encountered a 21-metre gross oil column in the Heimdal formation, of which 19 metres were of good reservoir quality. The oil/water contact was encountered. Preliminary estimations of the size of the discovery are between 0.5 and 2 million standard cubic metres (Sm3) of recoverable oil. The licensees will assess the discovery together with nearby prospects with regard to further follow-up. Data acquisition and sampling have been carried out. As expected, the sampling and pressure readings indicate very good production properties. This is the first exploration well in production licence 102 F. The licence, which was recently carved out of another production licence, 102 D, was awarded on 10 October 2013. The well was drilled to a vertical depth of 2240 metres below the sea surface, and was terminated in Palaeocene rocks in the Heimdal formation. Water depth is 121 metres. The well will be permanently plugged and abandoned. Well 25/5-9 was drilled by the Leiv Eiriksson drilling facility, which will now proceed to production licence 420 in the northern North Sea to drill appraisal well 35/9-11 S, where RWE Dea Norge AS is the operator.

21 Feb 2014

Statoil drills dry well using 'Ocean Vanguard' semisub on PL 628 in Norway

Statoil Petroleum AS, operator of production licence 628, is in the process of concluding the drilling of wildcat well 25/9-4. The well was drilled about 25 kilometres east of the Jotun field in the central part of the North Sea, and about 138 kilometres west of Haugesund. The objective of the well was to prove petroleum in Middle Jurassic reservoir .... [+ read more] rocks (the Hugin and Sleipner formations). The well encountered an approx. 19-metre thick Hugin formation, of which approx. 15 metres had relatively good reservoir properties, and a Sleipner formation of about 31 metres with relatively poor reservoir properties. The well is dry. Data acquisition and sampling have been carried out. The well is the first exploration well in production licence 628, which was awarded in APA 2011. The well was drilled to a vertical depth of 2397 metres below sea level, and was terminated in the Sleipner formation in the Middle Jurassic. The water depth is 116 metres. The well will be permanently plugged and abandoned. Well 25/9-4 was drilled by the Ocean Vanguard drilling facility, which will now proceed to the 16/2-6 Johan Sverdrup oil discovery in production licence 265 in the central part of the North Sea to drill appraisal well 16/2-19, where Statoil is the operator.

21 Feb 2014

Langlitinden exploration well drilled in Barents Sea close to completion

Lundin Petroleum AB (Lundin Petroleum) is announcing, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), that well 7222/11-2 on the Langlitinden prospect in PL659 in the Barents Sea is being completed. Logs and samples have been acquired. Oil with very low mobility was sampled in Middle Triassic sandstones. No pressure gradient was established. The well was drilled .... [+ read more] to a total depth of 2,878 metres below mean sea level in water depth of approximately 340 metres. The well will be permanently plugged and abandoned. Det norske is the operator with 20 percent working interest with partners Lundin Norway with 20 percent, Tullow with 15 percent, Rocksource with 5 percent, Petoro with 30 percent and Atlantic Petroleum with 10 percent working interest.

20 Feb 2014

'West Hercules' drills new gas discovery in PL 532

Statoil Petroleum AS, the operator of production licence 532, is in the process of completing the drilling of wildcat well 7220/4-1. The well has been drilled about 11 kilometres northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea and about 247 kilometres northwest of Hammerfest. The well’s primary exploration target was to prove petroleum in reservoir rocks from .... [+ read more] the Middle and Early Jurassic (Stø, Nordmela and Tubåen formations). The secondary exploration target was to prove petroleum in reservoir rocks from the Late Triassic (Snadd formation). The well encountered a gross gas column of about 130 metres in the Stø and Nordmela formations, with poorer reservoir quality than expected. In the Snadd formation, the well encountered an approx. 45-metre tall gross gas column. Preliminary calculations indicate that the discovery totals between two and four billion standard cubic metres (Sm3) of recoverable gas. The well was not formation tested, but extensive data collection and sampling have been carried out. This is the sixth exploration well in production licence 532. The licence was awarded in the 20th licencing round in 2009. The well was drilled to a vertical depth of 3209 metres below the sea surface, and was terminated in the Snadd formation from the Middle to Late Triassic. Water depth is 403 metres. The well will now be permanently plugged and abandoned. Well 7220/4-1 was drilled by the West Hercules drilling facility, which will now move on to drill wildcat well 7220/7-3 S on another prospect in the same production licence.

20 Feb 2014

Atwood Oceanics announces extension of 'Atwood Aurora' contract

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has been awarded an extension to the drilling services contract with Addax Petroleum Cameroon Limited for the jack-up drilling unit Atwood Aurora. The original contract for a one year term to be performed offshore Cameroon has been lengthened .... [+ read more] to a term of two years, and the operating dayrate for the full two-year term will be approximately $185,000 (inclusive of the 15% Cameroon withholding tax) or $158,000 (exclusive of the 15% Cameroon withholding tax), depending on the well location. Cost escalation provisions will apply at the beginning of the second year of the contract term. Contract commencement is expected to occur in July 2014 in direct continuation of previously announced contractual commitments. With this extension, the firm contractual commitment for the Atwood Aurora is expected to extend to July 2016.

20 Feb 2014

Keppel awarded modification contract for 'Hakuryu-5'

Japan Drilling Company (JDC) and Keppel FELS (Keppel) have signed a contract to carry out repair and modification work on JDC’s ‘Hakuryu-5’ semisub drilling rig from April to August 2014. The work will be carried out upon completion of the unit’s contract with Petronas in Malaysia, after which the unit will be mobilised to Singapore. The contract was signed on the .... [+ read more] 15th January 2014 by representatives of both JDC and Keppel. Both companies have worked together in the past with Keppel previously upgrading the ‘Hakury-10’ rig in 2012.

19 Feb 2014

'West Hercules' semisub receives permission to drill on production licence 532

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7220/7-3 S, cf. Section 8 of the Resource Management Regulations. Wellbore 7220/7-3 S will be drilled from the West Hercules drilling facility in position 72 24’ 08,73” N and 20 08’ 02,65” E. The drilling programme for wellbore 7220/7-3 S concerns drilling of a wildcat well .... [+ read more] in production licence 532. Statoil Petroleum AS is the operator with a 50% ownership interest and the other licensees are Eni Norge AS with 30% and Petoro AS with 20%. The production licence consists of blocks 7219/9, 7220/4, 7220/5, 7220/7 and 7220/8, and was awarded in the 20th licensing round in 2009. Wildcat well 7220/7-3 S is the seventh exploration well in production licence 532. The drilling permit is contingent on the operator securing all other permits and consents required by other authorities before the drilling activity starts.

18 Feb 2014

'Titanium Explorer' drillship commences drilling of the Padouck-1 exploration well

Ophir Energy plc (“Ophir” or “the Company”) announces that drilling operations have now commenced on the Padouck Deep-1 well on the Ntsina Block, offshore Gabon utilising the Vantage Titanium Explorer drillship. Ophir has a 40%* operated interest in the Block. Padouck Deep-1 is the first well targeting the pre-salt play offshore in the North Gabon basin although the play is regionally .... [+ read more] extensive elsewhere in Gabon and West Africa. The prospect is estimated to contain Pmean recoverable resources of c.1.0bnbbls with significant follow-on potential. The well is located in a water depth of approximately 835m and has a planned Total Depth of 3,500m True Vertical Depth Sub Sea. Operations are expected to take approximately 45 days. Ophir’s share of the well cost is largely carried by partners Petrobras and OMV.

18 Feb 2014

Fregate-1 exploration well to be plugged and abandoned following evaluation

The Fregate-1 exploration well being drilled in Block 7, offshore Mauritania, is being plugged and abandoned at a depth of 5,426m MD BRT. The well discovered gas-condensate and oil pay in multiple thin, but good quality sands within the Lower Cormoran (Santonian) and in the first primary target Petronia (Santonian to Coniacian) intervals. However, the deeper primary target (Fregate Main) .... [+ read more] contained only a minor hydrocarbon column. The results are being evaluated. Fregate-1 has confirmed the potential of the Late Cretaceous turbidite reservoirs which were proven to contain light oil in Block 7 by the Aigrette-1 well (Dana, 2006) and gas and gas-condensate by Pelican-1 (Dana, 2003) and Cormoran-1 (Dana, 2010) and extended the Block 7 oil province into the south of the block.

18 Feb 2014

Seadrill secures multiple jackup rig contracts in Mexico

Following on from Seadrill Limited's ("Seadrill") third quarter earnings report on November 25, 2013, which announced a Heads of Agreement between Pemex Exploracion y Produccion ("Pemex"), Mexico's national oil company and Seadrill. Seadrill is pleased to announce that the final drilling contracts for the jack-up drilling units West Oberon, West Intrepid, West Defender and West Courageous are now executed. .... [+ read more] The fifth contract for the recently acquired jack-up drilling unit, Prospector 3, renamed West Titania, is being processed for approval by Pemex and finalization is expected to take place second quarter 2014. Each contract is for a firm term of approximately 6 years and total revenue potential from the five contracts exceeds US$1.8 billion. Additionally, Seadrill is pleased to announce the establishment of SeaMex Ltd. (SeaMex), a 50/50 Joint Venture with an investment fund controlled by Fintech Advisory Inc. ("Fintech"). Fintech is a private investment manager founded in 1989 that has a strong investment record and operation in Latin American countries. SeaMex has been formed for the purpose of owning and managing the jack-up drilling units working for Pemex as well as to develop and pursue further opportunities in Mexico and other Latin American countries. The gross proceeds for the sale of 50% of the five rigs to our partner is expected to be around US$488 million and will result in a gain recordable in the first half of 2014. Per Wullf, Seadrill CEO commented, "This opportunity to expand our relationship with Pemex was partly developed on the back of Seadrill's successful operations with our ultra-deepwater semi-submersible West Pegasus in Mexico. The long term nature of these contracts and the establishment of SeaMex, will create economies of scale in the region. Seadrill sees recent developments in Mexico such as new petroleum legislation, Pemex' expansion plans and recent large deepwater discoveries as supportive to the great opportunity to expand business within the country. By using the Joint Venture to build up a strong local independent organization with close proximity to our customer, strong focus on education, and a high degree of local content, we expect to be able to create an efficient, high quality, and more cost effective organization. Over time, this will position Seadrill better than a centrally driven organization in what we see as a very attractive market. At the same time, a strong focus on localization benefits the Mexican labor market, the Mexican society, and our clients."

17 Feb 2014

Vietsovpetro contracts 'KS Java Star 2' jackup for drilling in Vietnam

KS Energy Limited (KS Energy) has announced that the company’s wholly owned subsidiary KS Drilling Pte. Ltd (KS Drilling), has secured a contract with Vietsovpetro in Vietnam for the chartering of a 300ft jackup rig. Vietsovpetro will contract the ‘KS Java Star 2’ jackup rig that is currently under construction at Shanghai Zhenhua Heavy Industries Ltd (ZPMC)’s shipyard in Nantong, China. .... [+ read more] The contract is for a period of one year with an option to extend for an additional one year and is due to commence in the second quarter of 2014. The total value of the contract, excluding the potential extension, is approximately US$58 million.

17 Feb 2014

Lundin Petroleum spuds exploration well on the Balqis prospect in the Natuna Sea

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has commenced the exploration drilling in the Baronang PSC, Natuna Sea, Indonesia using the drilling rig Hakuryu 11. Balqis-01 will be followed by a sidetrack, Boni-01. Balqis-01 is a wildcat oil exploration well designed to test the hydrocarbon potential of Tertiary sands draped over a prominent Basement high. The .... [+ read more] main objectives of the well are Oligocene fluvial sandstone reservoirs in stacked four-way dip closures. Lundin Petroleum estimates the Balqis prospect to have the potential to contain unrisked, gross, prospective resources of 47 million barrels of oil equivalent (MMboe). The planned total depth is 2,130 metres below mean sea level (MSL) and the drilling and evaluation is expected to take approximately 20 days. The drilling of Balqis-01 shall be immediately followed with the drilling of Boni-01 as a side track to the Balqis-01 vertical well with an offset distance from Balqis-01 (at TD) of 820 metres drilled to test a deeper independent stratigraphic play concept. Boni-01 is designed to test the hydrocarbon potential of early to late Oligocene fluvial sandstone reservoirs in stacked stratigraphic traps against a prominent basement high. Lundin Petroleum estimates the Boni prospect to have the potential to contain unrisked, gross, prospective resources of 55 MMboe. The planned total vertical depth is 2,300 metres below MSL and the drilling is expected to take approximately 5 days. Lundin Petroleum, through its wholly owned subsidiary Lundin Baronang BV, is the operator and has a 90 percent working interest in the Baronang PSC. Partners are Nido Petroleum Limited with 10 percent working interest. Lundin operates five PSCs in Indonesia, namely Baronang, Cakalang, Gurita, South Sokang and Cendrawasih VII.

17 Feb 2014

Lamprell delivers 'Qarnin' jackup to National Drilling Company (NDC)

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry, announces the completion of construction on the jackup drilling rig, “Qarnin”, and its delivery to Abu Dhabi’s National Drilling Company (‘NDC’). Completion and delivery of the jackup rig, on time and on budget, was marked at a ceremony held at Lamprell’s Hamriyah .... [+ read more] facility in the UAE on 13 February. The rig will depart the facility late February en route to its drilling location in Abu Dhabi. The contract for the NDC “Qarnin” rig was signed in October 2011 and this is the third rig in a series of six identical rigs being built and delivered by Lamprell to NDC. All six rigs have been or will be designed according to the Cameron LeTourneau Super 116E (Enhanced) Class design. “Qarnin” rig now joins its sister rigs, ‘Makasib’ which was delivered by Lamprell to NDC in July 2012 and ‘Muhaiyimat’ which was delivered in December 2012. The remaining three rigs are all proceeding on schedule and will be delivered as planned in 2014/15. With the delivery of ‘Qarnin’ rig, Lamprell has now delivered a total of 20 new build jackup rigs, and its eighth Super 116E jackup drilling unit to various clients during the last six years.

14 Feb 2014

'Transocean Barents' to drill wildcat well in production license 607

The Norwegian Petroleum Directorate has granted GDF SUEZ E&P Norge AS a drilling permit for wellbore 7218/8-1, cf. Section 8 of the Resource Management Regulations. Wellbore 7218/8-1 will be drilled from the Transocean Barents drilling facility at position 72°20’00.70” north and 18°28’38.46” east, following completion of the drilling of wildcat well 7222/11-1 for Det norske oljeselskap in production licence 657. .... [+ read more] The drilling programme for wellbore 7218/8-1 concerns the drilling of a wildcat well in production licence 607. GDF SUEZ E&P Norge AS is the operator with an ownership interest of 60 per cent. The other licensees are Concedo ASA (20 per cent) and OMV (Norge) AS (20 per cent). The area in this licence consists of parts of the blocks 7218/8, 7218/9 and 7219/7. The well be drilled about 65 kilometres west of the Johan Castberg area. Production licence 607 was awarded on 13 May 2011 (the 21st licensing round on the Norwegian shelf). This is the first well to be drilled in the licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

14 Feb 2014

NPD grants Statoil permit to drill 35/11-17 well in Norway

The Norwegian Petroleum Directorate has granted Statoil a drilling permit for wellbore 35/11-17, cf. Section 8 of the Resource Management Regulations. Wellbore 35/11-17 will be drilled from the Songa Trym drilling facility at position 61°03’31.22”N and 3°31’56.88”E following completion of the drilling of wildcat well 35/11-16 for Statoil in production licence 090B. The drilling programme for well 35/11-17 concerns drilling .... [+ read more] of a wildcat well in production licence 090, where Statoil is the operator with an ownership interest of 45 per cent. The other licensees are ExxonMobil (25 per cent), Idemitsu Petroleum (15 per cent) and GDF Suez (15 per cent). The area in this licence consists of parts of block 35/11. The well will be drilled about one kilometre southeast of Fram. Production licence 090 was awarded on 9 March 1984 in the eighth licensing round on the Norwegian shelf. This is the 16th well to be drilled in the licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

13 Feb 2014

Mubadala Petroleum exercises one well option on 'Songa Venus'

Songa Offshore (Songa) has announced that Mubadala Petroleum Ltd (Mubadala) has exercised the first well of its two option wells included in the original rig contract signed in may 2013. The well will be drilled in Malaysia and extends the length of the contract to cover the drilling of the additional firm well, leaving Mubadala with one further well option to .... [+ read more] exercise if required. The ‘Songa Venus’ was put up for sale in November 2013 by Songa as the company looks to shift its focus to drilling operations solely in the North Sea.

13 Feb 2014

Keppel FELS to build three jackups worth US$650 million for Fecon International

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about US$650 million from new customer Fecon International Corp. (Fecon). Backed by experienced industrial entrepreneur, A.P. Dobrov, Fecon is a new player to the offshore oil and gas industry, and is .... [+ read more] targeting the growing offshore drilling markets of Africa, Middle East, and Southeast Asia. In addition, Fecon's leadership team has extensive connections, experience and knowledge of working in Russia and has identified offshore drilling in Russia as a strategic market with good growth opportunities. The three rigs are scheduled to be delivered progressively within 2H 2016. Mr A.P. Dobrov, a representative of Fecon said, "The International Energy Agency estimates oil demand in the world to increase by 1.3 million barrels per day in 20141 and Barclays has forecast global E&P spending to reach a new record of US$723 billion in 2014, an increase of 6.1% from US$682 billion in 20132. There is a need for more high specification jackup rigs as the replacement cycle continues and we believe the robust KFELS B Class rig will be the most efficient rig in the greatest number of locations. "Building three premium rigs at the same time will enable us to accelerate our presence in this industry and establish ourselves as a serious drilling contractor in the market. Being a new player, teaming up with the world's leading rig builder, Keppel FELS, will help fast track our entry into the market. Their track record of delivering on time, without incidents and on budget will ensure we get maximum value and returns on our investment." The cost-effective and high-performance KFELS B Class rig is able to operate in water depths of up to 400 feet and drill to 30,000 feet deep. Customised to Fecon's requirements, the three jackup rigs will each have a full 15,000 psi BOP system, 75-feet cantilever outreach and be able to accommodate 150 persons. Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said, "We are pleased that new customer Fecon has chosen to build three KFELS B Class rigs as the basis for their fleet of jackups. Our KFELS B Class rigs are the industry benchmark for jackup rigs with more than 50 delivered and operating successfully in various parts of the world including Southeast Asia, the Middle East, Gulf of Mexico and the Black Sea. I am confident these rigs for Fecon will be just as successful wherever they are deployed. "Their efficiency, reliability, ease of operation as well as safety and environmental features make them the default rig of choice for both experienced and new operators. With these new orders, Keppel O&M currently has 27 KFELS B Class rigs on order." Developed by Keppel's technology arms, Offshore Technology Development and Bennett Offshore, the KFELS B Class is customised to operate in a wide variety of environments and features an enhanced leg design for added robustness. The design incorporates Keppel's advanced and fully-automated high capacity rack and pinion jacking system, and Self-Positioning Fixation System. The KFELS B Class provides maximum uptime with reduced emissions and discharges. For its environmental-friendly features, the KFELS B Class design was bestowed the prestigious Engineering Achievement Award from the Institution of Engineers Singapore in 2009. The above contracts are not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the current financial year.

12 Feb 2014

UMW completes purchase of two newbuild jackup rigs

UMW Standard Drilling Sdn Bhd (UMW) has signed a sale and purchase agreement with Tianjin Haiheng Shipbuilding & Offshore Engineering Service Co (Tianjin) for two jackup drilling rigs that are currently under construction. The two units are believed to be the ‘Haiheng 2’ and ‘Haiheng 3’ jackup rigs that Tianjin has under construction at China Merchants Industries shipyard on Mazou Island .... [+ read more] in China. UMW has purchased the two jackups for a total price of US$434 million and both units are expected to be delivered in 2014. UMW plans to market the units in South East Asia upon their delivery from the shipyard.

12 Feb 2014

Drilling commences in New Zealand canterbury basin using 'Noble Bob Douglas'

Origin Energy Limited (Origin) advises that PEP 38264 operator, Anadarko Petroleum Company, on behalf of the joint venture, commenced drilling the Caravel-1 exploration well at 16:44 hours local time on 10 February 2014. Caravel-1 is located in the Canterbury Basin offshore New Zealand. The drillship Noble Bob Douglas is expected to take about 40 days for this drilling operation, which will .... [+ read more] reach an expected total depth of 2,800m subsea in a water depth of 1,105m.

11 Feb 2014

'Maersk Completer' awarded new long term contract in Brunei

Brunei Shell Petroleum has awarded Maersk Drilling a four year contract for the jack-up rig Maersk Completer for operation offshore Brunei. The contract commences in December 2014 in direct continuation of its current contract with Brunei Shell Petroleum. The contract has options for extension up to a total of three years. “We are very pleased to continue our cooperation with .... [+ read more] Brunei Shell Petroleum in Brunei. We see this contract as a recognition of our solid drilling performance and as a further strengthening of our relationship with Brunei Shell Petroleum,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group. While operating for Brunei Shell Petroleum, Maersk Completer has shown an excellent performance record, recognised by the award as Shell Jack Up of the Year in 2012 and 2013. Maersk Completer is one of two Baker Marine 375ft jack-up rigs in Maersk Drilling’s fleet. Maersk Completer has been operating in Brunei since it was delivered from Jurong Shipyard in 2007, and since November 2008, Maersk Completer has been operating for Brunei Shell Petroleum (BSP).

11 Feb 2014

Lundin completes pair of dry wells northwest of Johan Sverdrup discovery

Lundin Norway AS, operator of production licence 501, has completed drilling of wildcat wells 16/2-20 S and 16/2-20 A. The wells are dry. The wells were drilled about 3.2 kilometres northwest of appraisal well 16/2-9 S on the 16/2-6 Johan Sverdrup oil discovery in the central part of the North Sea. The objective of well 16/2-20 S was to prove .... [+ read more] petroleum in Upper/Middle Jurassic reservoir rocks in a separate prospect, as well as to verify potential communication with 16/2-6 Johan Sverdrup. The well encountered an approx. 21-metre thick Lower Cretaceous/Upper Jurassic sandstone with poor reservoir quality. In Middle/Lower Jurassic, a total of ten metres of sandstone with good reservoir quality were encountered. Both reservoirs have traces of oil, but are aquiferous and have somewhat lower reservoir pressure than the 16/2-6 Johan Sverdrup oil discovery. The objective of well 16/2-20 A was to prove oil in Upper Jurassic reservoir rocks higher up and about 770 metres further west on the prospect. The well encountered an approx. 19-metre thick Lower Cretaceous/Upper Jurassic sandstone with poor reservoir quality. In Middle/Lower Jurassic, a total of approx. eight metres of sandstone were encountered with moderate reservoir quality. Extensive data acquisition and sampling have been carried out in the wells. Both wells are classified as dry. Wells 16/2-20 S and 16/2-20 A are the second and third wildcat wells drilled in production licence 501. The licence was awarded on 23 January 2009 (APA 2008). The wells were drilled to 2068 and 2028 metres vertical depth, respectively, and 2150 and 2215 metres measured depth below the sea surface, respectively. Both wells were terminated in basement rock. The wells have been permanently plugged and abandoned. Water depth is 110 metres. The wells were drilled by the Island Innovator drilling facility, which will now drill appraisal well 16/1-18 on the Edvard Grieg field in production licence 338, where Lundin Norway AS is the operator.

10 Feb 2014

'Kan Tan IV' begins drilling of Pateke-4H well in New Zealand

AWE Limited (AWE) reports that the Pateke-4H development well commenced drilling at 10.45am (NZDT) on Sunday, 9 February 2014. As of 06:00am today, operations had drilled a 36” hole to a depth of 234 metres and preparations are being made to run and cement a 30” conductor. The Pateke-4H development well is in PMP 38158, AWE is the Operator and is .... [+ read more] utilising the 'Kan Tan IV' semisub rig to drill the well. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124m with a planned total measured depth of 5,361m, including a 1,272m horizontal section. If successful, the well will be completed for subsequent tie-back to the Tui FPSO (“Umuroa”) for production in 2015.

10 Feb 2014

'Ocean Confidence' spuds the bamboo prospect in Cameroon

Sterling Energy Plc, the AIM listed oil & gas exploration and production company (AIM: SEY), is pleased to provide the following update for the Ntem Concession, offshore Cameroon. The operator, Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), has confirmed that drilling operations have commenced on the Bamboo-1 well using the Ocean Confidence, a fifth generation semi-submersible drilling rig. The well, located .... [+ read more] approximately 56 kilometres from the coast of Cameroon, has an estimated target depth of 4200 metres true vertical depth sub-sea (TVDSS) and will be drilled in a water depth of approximately 1600 metres. Drilling operations are anticipated to take approximately 60-70 days. Sterling Cameroon Limited (“Sterling”) has a 50% non-operated working interest in the Ntem Concession. Murphy will pay Sterling’s share of the costs for the drilling of the Bamboo-1 well. The Bamboo prospect is a basin floor fan target within the highly prospective Upper Cretaceous play. A series of stacked fan targets have been identified and will be intersected by the Bamboo-1 well with the primary objective estimated to have a mean un-risked, gross prospective resource of 422 million barrels of oil and 170 billion cubic feet of gas, a total of some 450 million barrels of oil equivalent.

7 Feb 2014

El Dorado exploration well result

Trinity, the leading independent E&P company focused on Trinidad and Tobago, announces that it has concluded drilling operations at its El Dorado exploration well within the PGB license offshore the West Coast of Trinidad (Trinity 70% operated interest). The Trinity operated El Dorado exploration well was spudded on 6th December 2013 utilising the WS- 152 jackup rig. The primary objective of .... [+ read more] the well was to test an undrilled fault block on the west flank of the Trinity operated Brighton field. The well was drilled to a total depth of 6,174 feet measured depth (“MD”) and intersected a shallow gas sand in the Pliocene section and marginal thin bedded oil pay in the Miocene section. In aggregate approximately 13 ft of net oil sands and 32 ft of net gas sands were encountered, however these are not deemed commercial and so the well will now be permanently plugged and abandoned.

7 Feb 2014

QGEP announces result of Atlanta well test in Brazil

QGEP Participações S.A. ("Company") announced on February 5th the conclusion of the drilling and testing of the first horizontal well (7-ATL-2HP-RJS) of the Early Production System (EPS) of the Atlanta Field. Located in Block BS-4, Atlanta is a post-salt oil field 185 km off the coast of the city of Rio de Janeiro in the Santos Basin in water depth .... [+ read more] of approximately 1,500 meters. The well was drilled to a horizontal section length of 750m and a diameter of 9.5 inches. It encountered a very high porosity sand reservoir, with average porosity of 38%. The horizontal part of the well was then cased with screens and packed with gravel, which will maximize oil productivity while preventing the movement of reservoir sand into the borehole and production equipment. A Drill Stem Test (DST) was then successfully performed with two different flow periods, the first one more restricted in order to collect bottom hole samples of oil and gas, and the second flow with less restrictions. The two flow periods produced flow rates of 1,250 barrels of oil per day (bopd) and over 5,000 bopd, respectively. These flow rates were subject to considerable constraints associated with the DST set up and limited capacity of the surface facilities, such as storage, short term flaring limitations and low capacity electrical submersible pump (ESP). Furthermore, the test confirmed a Productivity Index (PI) higher than was estimated during reservoir simulation studies. These excellent results obtained with the drilling, completion and DST indicated that production rates of this well, once brought onstream under normal operation conditions and equipped with a full capacity ESP, will be closer to the high end of estimated 6,000-12,000 bopd range. The results of the tests also confirmed the expected characteristics of the reservoir and the oil, with high permeability and 14º API. As laid out in the development schedule for Atlanta, the Consortium will initiate immediately the drilling of the second horizontal well of the EPS. In the coming days, the Company will launch the bidding process for FPSOs of different capacities, covering both potential scenarios: continuing with the EPS or proceeding directly to Full Development. The decision on which FPSO will be hired will be based on the results of the tender and the impact on the economics of the project. In both scenarios, first oil at Atlanta is expected in late 2015 or early 2016. "Production test results came in at the high end of our expected range, confirming the potential of the Atlanta Field," said Danilo Oliveira, QGEP’s Production Director. "Our experienced team used cutting edge techniques and equipment, to carry out a highly successful test, demonstrating the technical know-how that we have built within QGEP. We will continue to apply this know-how as we develop the Field." Queiroz Galvão Exploração e Produção S.A. is the operator of the Block with a 30% ownership; other consortium members include OGX Petróleo e Gás S.A. (40%) and Barra Energia do Brasil Petróleo e Gás Ltda. (30%).

6 Feb 2014

Keppel secures repeat contract from UMW to construct jackup rig

Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 (L) Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd. (UMW Oil & Gas), to construct a KFELS B Class jackup rig worth US$218 million. Once delivered it will be the third KFELS B .... [+ read more] Class jackup rig built for UMW Oil & Gas and is scheduled for delivery in Q3 2015. The first jackup - 'UMW NAGA 4' - was delivered in February 2013 and the second - 'UMW NAGA 5' - is expected to be completed by Q2 2014. Mr Rohaizad Darus, President, UMW Oil & Gas said, "The KFELS B Class rigs are efficient drilling platforms with industry-leading features and have been well-received by the market. Our first jackup constructed by Keppel FELS, 'UMW NAGA 4', is currently deployed in offshore Malaysia while our second rig, 'UMW NAGA 5', is expected to be delivered in May this year and has already secured a charter from Nido Petroleum Philippines. "We have taken this opportunity to acquire another KFELS B Class jackup from Keppel FELS to enable UMW Oil & Gas to accelerate the growth of our assets portfolio and meet the strong demand for premium jackup drilling rigs in the Asia Pacific region. Keppel FELS has been a good partner for us in delivering high quality rigs on time and without incidents. Teaming up with the world's leading rig builder is a boost to our aim of being Malaysia's premier drilling contractor." The new rig is the 75th KFELS B Class ordered since 2000.

6 Feb 2014

Aqualis Offshore completes 'Jindal Star' rig move

New offshore marine and engineering consultancy Aqualis offshore continues to extend its global offering and has taken significant expansion strides by entering the Indian offshore market and completing its first rig moving operation in the region. Staff from Aqualis Offshore’s Dubai office last week successfully moved its first jack-up rig in India. The ‘Jindal Star’, a new build MLT 116 E, .... [+ read more] was towed from Lamprell’s shipyard in UAE to an ONGC platform location offshore the west coast of India. Attendance on a second Aban Offshore unit for an infield move was completed shortly afterwards. “This is a major leap forward in our efforts in India. One of our key differentiators is that the company consists solely of experienced personnel who have seen plenty of action offshore. This is what our customers want when they are managing high value assets and projects,” adds David Wells. Aqualis Offshore is a specialized marine and offshore engineering consultancy focusing on the shallow and deep-water offshore segments of the oil and gas industry. Its core services include concept, FEED and basic design engineering for rigs and fixed offshore installations, for upgrades and conversions of jack ups, rig moving, marine warranty, dynamic positioning and construction supervision services. The company also offers transportation and installation as well as due diligence services.

5 Feb 2014

'Hakuryu-11' rig on-tow to Balqis-1 well location in Indonesia

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) has been advised by Operator Lundin Petroleum that the Hakuryu-11 jack-up rig has commenced the tow to the Balqis-1 location in the Baronang Production Sharing Contract (‘PSC’), Republic of Indonesia. The Balqis-1 well will be followed by the Boni-1 well which will be drilled as an exploratory side-track well from the same .... [+ read more] surface location as Balqis-1 (refer Location Map). Nido will provide a further update to the market on the commencement of drilling operations at the Balqis-1 well.

5 Feb 2014

AWE prepares for Pateke-4H drilling operations

AWE Limited (ASX: AWE) reports that at 03:15 hours today (New Zealand Daylight Time) the handover of the Kan Tan IV semi-submersible drill rig to AWE, as Operator of the PMP 38158 joint venture, was completed and that the rig is moving into position in preparation for drilling the Pateke-4H development well. The Pateke-4H development well is the first of a .... [+ read more] two well drilling program in PMP 38158, located in the offshore Taranaki Basin, New Zealand. Pateke-4H will target a mapped northern extension of the currently producing Pateke field. The well will be drilled in water depth of approximately 124m with a planned total measured depth of 5,361m, including a 1,272m horizontal section. AWE estimates that Pateke-4H could increase field recovery by approximately 2.5 million barrels (gross). If successful, the well will be completed in preparation for a subsequent subsea tie-back to the Tui FPSO for production. Following the drilling and completion of Pateke-4H, the Kan Tan IV drill rig will relocate to a location approximately 13km to the northeast of the Tui field and drill the Oi exploration well.

5 Feb 2014

GSP announces commencement of GoM drilling operations with a third MODU

GSP Offshore has announced that the company’s ‘GSP Fortuna’ jackup rig has begun its drilling contract in the Gulf of Mexico (GoM) for the Mexican operator Pemex on a 894 day contract. The ‘GSP Fortuna’ is GSP’s third mobile offshore drilling unit working for Pemex in Mexico alongside the company’s ‘GSP Atlas’ and ‘GSP Orizont’ units. In order to support the .... [+ read more] offshore operations in the GoM, GSP has established the representative office GSP Offshore Mexico and an operational base in Ciudad del Carmen, providing local coordination and support for all Mexican offshore operations. Previously GSP Fortuna has carried out a drilling campaign in the sea region of Kavala Gulf, in the Prinos oil field, northern Greece for Energean Oil & Gas.

4 Feb 2014

Ensco plc sells two jackup rigs for US$33 million

Ensco plc (NYSE: ESV) has sold its two remaining cold-stacked jackup rigs for $33 million. The net book value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million, which will be included in first quarter 2014 operating results. Executive Vice President and Chief .... [+ read more] Financial Officer Jay Swent said, “This sale is part of Ensco’s ongoing strategy of high-grading our fleet by divesting older, less-capable assets and reinvesting in advanced-technology rigs. We believe our orderly process of selling rigs has generated superior value for shareholders over time, and that this strategy keeps us at the forefront of industry technology with one of the newest and most capable fleets in the world.” During the past four years, Ensco has sold 13 rigs and proceeds have been reinvested in the fleet. Over the same period, Ensco has taken delivery of 12 high-performance rigs, including five Samsung DP3 ultra-deepwater drillships, five ENSCO 8500 Series® ultra-deepwater semisubmersibles and two ENSCO 120 Series ultra-premium harsh environment jackups. In addition, Ensco has six rigs under construction – three ultra-deepwater drillships and three premium jackups – that reinforce the Company’s commitment to standardization.

4 Feb 2014

Noble Corporation to name spinoff company Paragon Offshore

Noble Corporation plc (NYSE: NE) today announced that Randall D. (Randy) Stilley has been selected to serve as president and chief executive officer of Paragon Offshore, the standard specification offshore drilling company to be created upon separation from Noble. "The Board of Directors is pleased that Randy will lead Paragon Offshore," said David W. Williams, Chairman, President and Chief Executive Officer, .... [+ read more] Noble Corporation. "His proven leadership skills, depth of experience and offshore drilling industry knowledge have given our Board the utmost confidence that he will be able to lead this Company in providing safe and reliable drilling services for its customers, which has long been a hallmark of Noble." Stilley previously served as Chief Executive Officer and President of Seahawk Drilling, Inc., Chief Executive Officer of the mat-supported jackup rig business at Pride International Inc., as well as President and Chief Executive Officer of Hercules Offshore, Inc. He has over 38 years of experience in the oil and gas industry and has also held executive level positions at Weatherford International, Inc., Halliburton Company and Seitel, Inc. Stilley is a registered professional engineer in the state of Texas and a Member of the Society of Petroleum Engineers. He holds a B.S. degree in Aerospace Engineering from the University of Texas at Austin. "I consider it a privilege to accept this opportunity with Paragon Offshore," Stilley said. "It's exciting to be appointed to lead a company with a reputation for providing operational excellence worldwide. We have an outstanding team and a very capable fleet of assets to build upon. I look forward to working with our customers, employees and investors in this exciting new opportunity." Other members of the Paragon Offshore executive team were also announced. Charlie Yester, who currently serves as Vice President and Division Manager for Noble'sWest Africa operations, will be named as Senior Vice President of Operations; Andrew Tietz, who currently serves as Noble's Vice President Marketing and Contracts, will be named as Senior Vice President Marketing and Contracts; Lee Ahlstrom, who currently serves as Senior Vice President for Strategic Development, will be named as Senior Vice President of Investor Relations, Strategy and Planning; and Todd Strickler, who currently serves as Noble's Associate General Counsel, Corporate, will be named as Vice President and General Counsel. The Company anticipates making additional announcements regarding the appointment of other members of the management team and Board of Directors as the process moves forward. Williams added, "I'm excited with the degree of talent these individuals bring to the emerging organization. Each of them has contributed significantly to the success of Noble in recent years and their professionalism and experience in the industry positions Paragon Offshore for success in the future."

4 Feb 2014

'Borgland Dolphin' to drill 6407/1-7 appraisal well in Norway

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for wellbore 6407/1-7, cf. Section 8 of the Resource Management Regulations. Wellbore 6407/1-7 will be drilled from the Borgland Dolphin drilling facility at position 64º57’44” north and 7º14’6” east. The rig completed drilling operations in August 2013 on production well 35/11-R-14BH for Statoil Petroleum AS in production licence 009C. .... [+ read more] The drilling programme for wellbore 6407/1-7 relates to drilling of an appraisal well in production licence 475. Wintershall Norge AS is the operator with an ownership interest of 35 per cent. The other licenses are Faroe Petroleum Norge AS (30 per cent), Centrica Resources Norge AS (20 per cent) and Moeco Oil and Gas Norge AS (15 per cent). The area in this licence consists of part of block 6407/1. The well will be drilled about 13 kilometres northeast of Tyrihans in the Norwegian Sea. Production licence 475 was awarded on 29 February 2008 in APA 2007 on the Norwegian shelf. This is the second well to be drilled within the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

4 Feb 2014

'Bredford Dolphin' set to drill new wildcat well in PL484 in Norway

The Norwegian Petroleum Directorate has granted Noreco Norway AS a drilling permit for wellbore 6608/10-16, cf. Section 8 of the Resource Management Regulations. The 6608/10-16 wellbore will be drilled from the Bredford Dolphin drilling facility at position 66º08`38.09" N and 08º04´00.71" E. The drilling programme for wellbore 6608/10-16 relates to drilling of a wildcat well in production licence 484. Noreco .... [+ read more] Norway AS is the operator with an ownership interest of (30 per cent) and the licensees are Dana Petroleum Norway AS with (30 per cent), Explora Petroleum AS with (30 per cent) and E.ON E&P Norge AS with (10 per cent). The production licence consists of parts of block 6608/10. The production licence was awarded in APA 2007. Wildcat well 6608/10-16 is the first exploration well in production licence 484. The drilling permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

4 Feb 2014

Oil discovery in the second exploration well in Oman

Masirah Oil Limited (“Masirah”) today announced the successful reach of the well target depth in the second exploration well in Block 50 Oman to its final depth of >3,000 metres into the Cambrian formation. Hydrocarbons were discovered in several formations with good oil sample extracted. The well will undergo data acquisition before setting the completion for testing. The well was drilled .... [+ read more] using the independent leg cantilever jack-up drilling rig Aban VII. Mr Hans Lidgren, Chairman of Masirah, said, “The discovery of hydrocarbons in 2nd exploration well is a significant step towards the deepening of our knowledge and understanding of the offshore geology in the east of Oman, where no discovery has been made before. The results from this well are vital for the future development of this block. This discovery confirms the high quality and value of the Oman asset. We look forward to a continued fruitful co-operation with the Ministry of Oil and Gas in Oman for many more years to come, and we congratulate our shareholders Hibiscus Petroleum Berhad in Malaysia, responsible for the drilling campaign, PETROCI the National Oil Company of Côte D`Ivoire and Rex International Holding Ltd in Singapore, responsible for the use of Rex Virtual Drilling technology, to a successful venture.”This press release has been approved by Ministry of Oil and Gas of Oman.This press release has been approved by Ministry of Oil and Gas of Oman."

3 Feb 2014

Ensco 5004 in Malta

On the 8th of January 2014, the Ensco Rig 5004 safely berthed at the Malta Ship Building Quay at the Malta Marsa creek. The purpose of this rig stop is to perform general maintenance and upgrades prior continuing its drilling campaigns in Mediterranean waters. .... [+ read more]

31 Jan 2014

Dockwise to transport two Cat-J rigs for Statoil

Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis) was awarded several contracts in January 2014 with a combined value of approximately USD 65 million. The largest contract award was from Statoil Petroleum AS for the transportation of two very large new jack-up drilling rigs. The two Cat-J rigs will be the largest and heaviest jack-up rigs ever to be .... [+ read more] transported on a heavy marine transport vessel. Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis) was awarded several contracts in January 2014 with a combined value of approximately USD 65 million. The largest contract award was from Statoil Petroleum AS for the transportation of two very large new jack-up drilling rigs. The two Cat-J rigs will be the largest and heaviest jack-up rigs ever to be transported on a heavy marine transport vessel. The two rigs are on order with a South Korean yard and are scheduled to be transported to Norway between the second half 2016 and the second half 2017. Dockwise will deploy two of its largest Heavy Marine Transport vessels: the Blue Marlin and her sister vessel the new White Marlin, which will be put into service later this year. Statoil's decision to award the contract was based on several criteria. One of them was indeed the ability of Dockwise to provide two large identical Heavy Marine Transport vessels within the same timeframe. Statoil will deploy the new Cat-J rigs to contribute in production drilling on Gullfaks and Oseberg. The new rigs will be able to operate at water depths from 70 to 150 meters and drill wells down to 10,000 meters. The Cat-J rigs are tailor-made for operations in harsh environment for both surface- and subsea wells. Statoil will deploy the new Cat-J rigs to contribute in production drilling on Gullfaks and Oseberg. The new rigs will be able to operate at water depths from 70 to 150 meters and drill wells down to 10,000 meters. The Cat-J rigs are tailor-made for operations in harsh environment for both surface- and subsea wells.

31 Jan 2014

Matuku well completed, 'Kan Tan IV' moves to Pateke-4H

The Matuku-1 well in PEP 51906 offshore Taranaki has been plugged, the operator has advised. The semi-submersible drilling rig, Kan Tan IV, will next move to the Pateke prospect in the Tui oil fields in PMP 38158. Drilling operations at Matuku began on 30 November and the well was drilled to 4,846 metres. As previously advised, the well .... [+ read more] did encounter expected sandstones in the primary and secondary targets (Kapuni Group F-sands and North Cape Formation) but commercial volumes of oil and gas were not present. Pateke-4H is a northern extension of the existing Pateke reservoir in the Tui fields that are already producing. Pateke-4H is expected to take around two months to drill to a depth of 3,655 metres. A separate advisory will be issued when drilling commences in the well. Participants in PEP 51906 are OMV New Zealand (Operator) 65 per cent; Octanex 22.5 per cent; and New Zealand Oil & Gas 12.5 per cent. In Tui the partners are AWE , 57.5 per cent (operator); New Zealand Oil & Gas, 27.5 per cent; and Pan Pacific Petroleum, 15 per cent.

29 Jan 2014

Wintershall exercised option for 'Energy Endeavor' jackup rig

Northern Offshore Ltd today reported that its subsidiary, Northern Offshore U.K. Ltd., has received notice that Wintershall Noordzee B.V. (“Wintershall”) is exercising the first of two six-month options for the jackup Energy Endeavour. The commencement date of the option period will be in direct continuation following the end of the well in progress on May 1, 2014, which commits the Energy .... [+ read more] Endeavour to Wintershall for continued operation in the Dutch sector of the North Sea through November 2014. This option exercise provides for an operating day rate of US$160,000 per day.

28 Jan 2014

Occidental Petroleum contracts 'Al Wajbah' jackup for a further five years

Gulf Drilling International (GDI) the Qatar focused offshore rig contractor announced that Occidental Petroleum (Oxy) has extended its current contract for the ‘Al Wajbah’ jackup rig operating in Qatar. The unit which is currently under contract with Oxy until the end of 2014 has been contracted for an additional five year period beginning on the 1st January 2015 with a total .... [+ read more] contract value of QAR830 million (US$227.9 million).

28 Jan 2014

Eurasia Drilling secure long-term contracts for two jackups

Eurasia Drilling Company (EDC) has released the company’s outlook for 2014 which includes the outlook for its offshore drilling business. The company announced two new long-term rig contracts that have been assigned to the ‘Astra’ and ‘Neptune’ jackup rigs. The recently delivered newbuild ‘Neptune’ jackup has been awarded a five year contract for drilling operations by a Lukoil led consortium, which .... [+ read more] is expected to begin upon completion of the units’ current contract with Dragon Oil. Meanwhile the ‘Astra’ jackup will begin a new five year drilling contract with Lukoil in the Russian waters of the Caspian Sea towards the end of January 2014 upon completion of its current drilling contract in Turkmenistan. EDC currently has a backlog of US$1.2 billion for its offshore drilling services division.

28 Jan 2014

Faroe Petroleum close to completing Novus well in Norwegian Sea

Faroe Petroleum Norge AS, operator of production licence 645, is about to complete drilling of wildcat well 6507/10-2 S. The well was drilled about 13 kilometres south of the Heidrun platform. The primary exploration target for the well was to prove petroleum in Middle Jurassic reservoir rocks (Garn and Ile formations). The secondary exploration target was to prove petroleum in Lower .... [+ read more] Jurassic reservoir rocks (Tilje formation). An approx. 12.5-metre oil column and approx. 12-metre gas column were encountered in the Garn formation, with thicker reservoir rocks and better reservoir quality than expected. The lower part of the Garn formation is aquiferous. Preliminary estimation of the size of the discovery is between 1 and 2.5 million Sm3 of recoverable oil equivalents. The other exploration targets in the Ile and Tilje formations are aquiferous. Further delineation of the discovery will be considered. The well was not formation tested, but extensive data acquisition and sampling have been carried out. This is the first exploration well in production licence 645. The licence was awarded in APA 2011. The well was drilled to a vertical depth of 2957 metres below the sea surface, and was terminated in the Åre formation in the Lower Jurassic. Water depth is 298 metres. The well will now be permanently plugged and abandoned. Well 6507/10-2 S was drilled by West Navigator which will continue working on contract for Norske Shell AS on the Ormen Lange field.

23 Jan 2014

Maersk Drilling names two more of its newbuild drillships

Maersk Drilling (Maersk) has announced the naming of two of the company’s newbuild ultra-deepwater drillships following on from the naming of the ‘Maersk Viking’ back in October 2013. Maersk has named its second drillship the ‘Maersk Valiant’ whilst the third unit will be called the ‘Maersk Venturer’. Both the ‘Maersk Valiant’ and ‘Maersk Venturer’ are due to be delivered from Samsung .... [+ read more] Heavy Industries shipyard in South Korea during 2014, with the ‘Maersk Valiant’ going to work for ConocoPhillips and Marathon Oil in the US GoM upon delivery. The ‘Maersk Venturer’ is yet to secure a contract.

22 Jan 2014

First Syn-rift Discovery Announced in the Deepwater Angola Pre-salt

Cobalt International Energy, Inc. ("Cobalt") (NYSE:CIE) in partnership with the National Concessionaire Sonangol and the Block 21 partners announces the first discovery in the Syn-rift interval in the Bicuar #1A Pre-salt deepwater exploratory well offshore Angola. The well was successfully drilled to a measured depth of 5,739 meters and encountered approximately 56 meters (180 feet) of net pay from multiple Pre-salt .... [+ read more] intervals. Results of an extensive logging, coring and fluid acquisition program confirmed the existence of both oil and condensate in multiple intervals. No free gas zones or water contacts were observed. All well data was collected via open hole logging technology. This is Sonangol’s and Cobalt’s fourth deepwater Pre-salt discovery offshore Angola. The Bicuar #1A well is of particular significance as it is the first discovery of mobile hydrocarbons that have been tested in the deeper Pre-salt Syn-rift reservoir. After running production casing, the well was temporarily abandoned. Following full processing and integration of all subsurface data collected from the well, the Block 21 partners will evaluate any additional activities necessary to assess Bicuar’s commerciality. The Bicuar #1A well was drilled to total depth in only 59 days, approximately 63 days ahead of schedule. Cobalt, as operator, owns a 40 percent working interest in Block 21. Partners include Sonangol Pesquisa e Produção, S.A., Nazaki Oil and Gaz, and Alper Oil Limitada. “The Syn-rift discovery in Bicuar validates the presence of a viable seal and trap with quality reservoir rocks in the deeper reservoir section,” said James Farnsworth, Cobalt’s Chief Exploration Officer. “These characteristics have been present in similar features in the Campos Basin of Brazil and will be key to expanding the potential of the broader Angola Kwanza Basin Pre-salt. We are also excited with how quickly Bicuar 1A was drilled, while never compromising our commitment to safety and environmental protection. Continued performance of this type would allow us to drill wells at nearly half the cost we had anticipated.”

21 Jan 2014

Statoil to use 'Ocean Vanguard' to drill Johan Sverdrup appraisal

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-19, cf. Section 8 of the Resource Management Regulations. Well 16/2-19 will be drilled from the Ocean Vanguard drilling facility at position 58°54’12.3” north and 2°29’37.8” east in production licence 265 in the central part of the North Sea. The drilling programme for well 16/2-19 relates .... [+ read more] to drilling of an appraisal well in production licence 265. Statoil Petroleum AS is the operator with an ownership interest of 40 per cent. The other licensees are Petoro AS with 30 per cent, Det norske oljeselskap ASA with 20 per cent and Lundin Norway AS with 10 per cent. The area in this licence consists of part of block 16/2. The well will be drilled about 2.1 kilometres north to northeast of the 16/2-12 well in the Geitungen segment on Johan Sverdrup. Production licence 265 was awarded on 24 April 2001 (NSA 2000). This is the 14th exploration well to be drilled within the licence area and the 10th exploration well on or near the 16/2-6 Johan Sverdrup oil discovery. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

20 Jan 2014

Gulf Drilling International takes delivery of the company's 8th jackup rig

Gulf Drilling International (GDI) the Qatar focused offshore rig contractor announced that the company has taken delivery of its 8th jackup drilling rig. The jackup formerly known as the ‘Vicksburg’ was purchased in October 2013 from Atwood Oceanics and has been renamed the ‘Msheireb’ by GDi. The unit will now be towed to Qatar where upon arrival it will enter a .... [+ read more] shipyard to undergo some upgrade work. After its short shipyard stay the ‘Msheireb’ jackup will begin a five year contract with Occidental Petroleum which was signed in November 2013.

20 Jan 2014

'Transocean Legend' continues to drill ahead at Grace-1 well in Australia

Karoon Gas Australia (Karoon) has released a progress report on the drilling of the ConocoPhillips operated Grace-1 exploration well in Australia. The well which is being drilled by the ‘Transocean Legend’ semisub has reached a depth of 4,844m with drilling continuing ahead. Drilling work was temporarily halted due to tropical cyclone Christine as the crew were evacuated from the rig however, .... [+ read more] normal operations resumed once the cyclone had passed. The Grace-1 well is the fourth exploration well being drilled by Conocophillips in its current exploration campaign and the oil and gas operator plans to drill a further two wells in 2014 using the ‘Transocean Legend’ rig.

20 Jan 2014

'Kan Tan IV' completes Matuku-1 well in New Zealand

New Zealand Oil & Gas Ltd (NZOG) announced today that the Matuku-1 exploration has been drilled to its total depth of 4,846m by the ‘Kan Tan IV’ semisub rig. Total depth was reached on the 18th January 2014 having begun on the 30th November 2013 in 130m of water. The next stage of operations is to pull the drill string .... [+ read more] out of the hole prior to running wireline logs. Upon completion of operations at the well, the ‘Kan Tan IV’ rig will be released by OMV to begin its next contract with AWE, also in New Zealand.

15 Jan 2014

'Transocean Arctic' completes Skarfjell appraisal well

Wintershall Norge AS, operator of production licence 418, is about to complete drilling of appraisal wells 35/9-10 S and A on the 35/9-7 oil discovery (Skarfjell). The appraisal wells are being drilled in the North Sea, about 40 kilometres north of the Troll field and two kilometres southeast of the discovery well. The discovery was proven in the spring of .... [+ read more] 2012 in two Late Jurassic sandstone layers in the Heather formation. Appraisal well 35/9-10 S was drilled in the southeastern part of the "Skarfjell structure" and sidetrack 35/9-10 A near the top of the structure in the southwestern part. Before well 35/9-10 S was drilled, the resource estimate for the discovery was between 10 and 25 million standard cubic metres (Sm3) of recoverable oil. The objective of the two wells was to examine thickness, properties, fluid content and depth to the Upper Jurassic reservoir to define the extent of the discovery to the south, and clarify whether the discovery has a gas cap. Well 35/9-10 S encountered a 13-metre (gross) gas column and an oil column of 49 metres (gross) in three thin sandstones in the upper “Intra Heather” with reservoir quality as expected. Pressure data shows that this area has a lower reservoir pressure and is not in direct communication with the western and northern part of the discovery. Well 35/9-10 A encountered a 59-metre (gross) gas column in the upper "Intra Heather" sandstone with better than expected reservoir quality. Pressure data indicates that the proven gas cap is in communication with the oil zone proven in 35/9-7 and in appraisal well 35/9-8 in the northern part of the discovery. The lower "Intra Heather" sandstone is only four metres thick, contains oil and has poorer reservoir quality than expected. Preliminary calculations place the size of the discovery between 10 and 23 million Sm3 of recoverable oil and condensate, and between 8 and 15 billion Sm3 of recoverable gas. The wells were not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will assess the discovery together with other nearby discoveries for possible development solutions. This is the third exploration well in production licence 418 (link to fact page). The licence was awarded in APA 2006. Appraisal well 35/9-10 S was drilled to a vertical and measured depth of 2837 and 3595 metres below the sea surface, respectively. Appraisal well 35/9-10 A was drilled to a vertical and measured depth of 2835 and 3179 metres below the sea surface, respectively. Both wells were terminated in the Rannoch formation in the Middle Jurassic. Water depth is 365 metres. The wells will be plugged and abandoned. The wells were drilled by Transocean Arctic, which will proceed to production licence 586 in the Norwegian Sea to drill wildcat well 6406/12-3 S where VNG Norge AS is the operator.

15 Jan 2014

CIMC Raffles secures newbuild harsh environment semisub contract

Yantai CIMC Raffles Offshore Limited (CIMC Raffles) has announced that the shipyard has been awarded a newbuild contract for a harsh environment ice class semisub drilling unit. The new drilling rig will be built to Global Maritime’s GM4-D rig design as it targets securing a contract in the North, Arctic or Barents Sea. The rig has been ordered by Beacon Holdings .... [+ read more] Group Ltd (Beacon) and construction of the unit will be managed by North Sea Rigs AS, the same company that placed the existing GM4-D rig order at CIMC Raffles for the ‘North Dragon’ semisub. Beacon’s semisub will be named the ‘Beacon Atlantic’ and is expected to be delivered by the shipyard in Q4 2016.

14 Jan 2014

Det Norske spuds first operated well in the Barents Sea

Det Norske has announced the spudding of the oil and gas operators first operated well in the Barents Sea began today at the Langlitinden prospect in production license 659 in Norway. The well (7222/11-2) is being drilled by the ‘Transocean Barents’ semisub unit and is looking to prove hydrocarbons in the Kobbe formation. The ‘Transocean Barents’ is being positioned using the .... [+ read more] rigs dynamic positioning system and will drill the well to a total depth of 2,901m.

14 Jan 2014

Dubai Drydocks World to build mega jackup rig

Dubai Drydocks World (DDW) has been commissioned to construct the first Gusto MSC CJ80 jackup rig which when delivered will be the largest jackup rig ever built. The jackup which has been named the ‘Dubai Expo 2020 NS’ is being built for Drill One Capital and is targeting the harsh environment area of the North Sea for future drilling operations. ‘Dubai .... [+ read more] Expo 2020 NS’ will be capable of drilling in water depths up to 175m (574ft) and will be classified by DNV.

10 Jan 2014

'Palladium Explorer' drillship construction terminated

Vantage Drilling Company (Vantage) has announced that Sigma Drilling Ltd (Sigma) has terminated the construction of its ‘Palladium Explorer’ drillship project with STX Offshore & Shipbuilding Co Ltd (STX). STX notified Sigma in August 2013 of financial difficulties that the shipyard was having and that it was looking to restructure its operations and finances. In response to STX’s announcement Sigma attempted .... [+ read more] to negotiate the movement of the construction of the drillship to a new shipyard however, due to a lack of progress with negotiations, Sigma cancelled the construction contract with STX on the 8th January 2014.

10 Jan 2014

Central Shipping Monaco enters the jackup market with newbuild order

Central Shipping Monaco (CSM), a privately owned offshore commercial management company with a focus on offshore drilling and ship management has placed a firm order for the delivery of a pair of jackup rigs from China’s CIMC Raffles shipyard. The two jackups will be built to Friede & Goldman’s JU-2000E design with a cost of US$240 million per unit and the .... [+ read more] capability to operate in water depths up to 400ft. CSM’s order was placed over the Christmas period in 2013 and the first unit is expected to be delivered towards the end of 2015 with the second unit following in Q1 2016. Additionally CSM has four options to order further similar units that must all be exercised within an 18 month period.

9 Jan 2014

Mermaid Drilling doubles size of tender rig fleet with newbuild order

Mermaid Maritime Public Company Limited (Mermaid) the parent company of Mermaid Drilling has announced that the company has placed an order for two new tender assist drilling units. The two units which will be named ‘MTR-3’ and ‘MTR-4’ upon delivery have been ordered from China Merchants Heavy Industry shipyard in China for delivery in Q1 and Q2 2016. Once delivered form .... [+ read more] the shipyard both units will cost US$149 million with US$141.9 million being directed towards the construction of the rig and US$7.1 million for additional equipment spares. Mermaid currently owns and manages two tender rigs in South East Asia and it is expected that the ‘MTR-3’ and ‘MTR-4’ will both go to work in the region upon delivery in 2016.

9 Jan 2014

Vietnam Cua Lo-1 exploration well completes testing

KrisEnergy Ltd. (“KrisEnergy” or “the Company”), an independent upstream oil and gas company, announces the completion of the drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”). The Cua Lo-1 well was drilled to a measured depth of 2,867 metres, or 2,837 metres total vertical depth subsea. Based on log interpretation, several gas bearing sandstone reservoirs .... [+ read more] were identified. A drill stem test was conducted on a reservoir evaluated with the largest potential within the prospect. Although gas flowed during the test, the poor reservoir deliverability rate combined with high carbon dioxide content suggests that development of the tested reservoir will be unlikely. The well will be plugged and abandoned. The Cua Lo-1 well confirms both the trapping mechanism and the existence of a petroleum system in Block 105 and provides valuable data for deciding the future exploration strategy in the block. Additional oil and gas prospectivity exists within the block, providing opportunities for further exploration. Block 105 covers an area of 7,192 sq km offshore northern Vietnam, overlying the central Song Hong Basin where water depths range from 20 metres to 80 metres. The water depth at the Cua Lo-1 location is 76 metres. KrisEnergy holds a 25% working interest in Block 105 and is partnered by Eni Vietnam B.V. as the operator with 50% working interest and Neon Energy (Song Hong) Pty Ltd with 25%.

9 Jan 2014

Vietnam Cua Lo-1 exploration well completes testing

KrisEnergy Ltd. (“KrisEnergy” or “the Company”), an independent upstream oil and gas company, announces the completion of the drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”). The Cua Lo-1 well was drilled to a measured depth of 2,867 metres, or 2,837 metres total vertical depth subsea. Based on log interpretation, several gas bearing sandstone reservoirs .... [+ read more] were identified. A drill stem test was conducted on a reservoir evaluated with the largest potential within the prospect. Although gas flowed during the test, the poor reservoir deliverability rate combined with high carbon dioxide content suggests that development of the tested reservoir will be unlikely. The well will be plugged and abandoned. The Cua Lo-1 well confirms both the trapping mechanism and the existence of a petroleum system in Block 105 and provides valuable data for deciding the future exploration strategy in the block. Additional oil and gas prospectivity exists within the block, providing opportunities for further exploration. Block 105 covers an area of 7,192 sq km offshore northern Vietnam, overlying the central Song Hong Basin where water depths range from 20 metres to 80 metres. The water depth at the Cua Lo-1 location is 76 metres. KrisEnergy holds a 25% working interest in Block 105 and is partnered by Eni Vietnam B.V. as the operator with 50% working interest and Neon Energy (Song Hong) Pty Ltd with 25%.

9 Jan 2014

Fairmount Marine Safely Delievered ENSCO 5004 to Malta

Fairmount Marine has safely delivered rig ENSCO 5004 in Malta at the end of a voyage that began offshore Rio de Janeiro. The towage of rig ENSCO 5004 from Rio de Janeiro to Malta took about 5,782 nautical miles and during the voyage speeds well over 7 knots were reached. .... [+ read more]

8 Jan 2014

Bualuang Field Update

Salamander Energy announces that due to a damaged production riser, production from the Bualuang oil field has been temporarily shut-in. During bad weather conditions, the Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure. The Vantage's mooring chains then came into contact with, and damaged, the production riser resulting in a small amount of oil .... [+ read more] being observed on the surface. Production was immediately halted and operations commenced to clean up the discharge, estimated to be approximately 20 barrels. The situation was contained and all oil was successfully dispersed within a five hour period. Further inspection work and repairs are underway. The FPSO owner has made arrangements for a new production riser to be fitted if required, which on current schedule would see production re-commence around 25th January 2014. Salamander does not anticipate that it will incur any significant repair costs. Development drilling is not impacted by these events and the Atwood Mako rig remains on the Bravo platform and is currently drilling the BB-02H well. Salamander will use the opportunity provided by this period of downtime to accelerate planned maintenance and has rescheduled some of the hook up work on the recently installed process modules. The new FSO, that will be installed later this year, will have a turret mooring system with 360 degree swivel capability with no need for an exclusion zone and hence the risk of this kind of incident being repeated will be removed. Despite the shut-in the Group's production forecast for 2014 remains unchanged with production expected to average between 13,000 and 16,000 boepd.

7 Jan 2014

New Zealand Oil & Gas provide Matuku-1 well update

New Zealand Oil & Gas Ltd (NZOG) announced today that the Matuku-1 exploration well being drilled by the ‘Kan Tan IV’ semisub in New Zealand has reached a depth of 3,417m. The well was spudded on November 30th 2013 by the semisub unit in 130m of water and was anticipated to take around 45 days to complete. The casing for the .... [+ read more] well has been run to 3,409m and current operations involve completing drilling down to a depth of 4,754m.

7 Jan 2014

'Aban VII' spuds second well in Oman drilling program

The ‘Aban VII’ jackup rig managed by Aban Offshore (Aban) has spudded the second well in its current drilling program in Oman. Masirah Oil Limited & Partners (Masirah) today announced that the unit began drilling operations on the GA-South (GAS#1) well on December 30th 2013. The GAS#1 well is the second well in the two well drilling program and has a .... [+ read more] planned total depth of 2,500m.

6 Jan 2014

'Deepsea Metro I' spuds sunbird-1 well in Keya

Pancontinental Oil & Gas NL (PCL) is pleased to advise that the exploration well Sunbird-1 has commenced drilling in Licence area L10A offshore Kenya. The well is managed by the L10A Joint Venture operator BG Group, using the drillship ‘Deepsea Metro 1’. The Sunbird-1 well is planned to take 50 to 60 days to drill to 3,000m below sea level, with .... [+ read more] an option to extend to 3,700m. Extensive wireline logging and both pressure and fluid sampling are planned. The Joint Venture intends to plug and abandon the well in accordance with normal good oilfield practice regardless of the drilling outcome, however it is planned to leave the well in a condition that would allow re-entry at a later date. Water depth is 721m. Sunbird-1 is the first-ever test of a Miocene Pinnacle Reef offshore East Africa and the first-ever exploration well in L10A in the Lamu Basin offshore Kenya. An extensive trend of Miocene Reefs is evident in Pancontinental’s four licence areas offshore southern Kenya. Sunbird-1 is regarded as a “tight hole” exploration well and results will be announced after completion of the drilling and assessment and integration of the gathered data.

3 Jan 2014

Lundin spuds new Johan Sverdrup appraisal

Lundin Petroleum (Lundin) has spudded the 16/3-8 S appraisal well on the Johan Sverdrup discovery in the Norwegian North Sea. Lundin is using the ‘Bredford Dolphin’ semisub rig for drilling operations and is targeting a total depth of 2,025m for the well. It is expected that it will take the ‘Bredford Dolphin’ around 45 days to complete the drilling of the .... [+ read more] appraisal well.

3 Jan 2014

'Transocean Barents' completes dry well north of Troll field in Norway

Tullow Oil Norge AS, operator of production licence 551, is in the process of completing the drilling of wildcat well 31/3-4. The well was dry. The well was drilled approx. ten kilometres north of the Troll C facility in the North Sea. The well's primary exploration target was to prove petroleum in Late Jurassic reservoir rocks (the Sognefjord formation). .... [+ read more] Secondary exploration targets were to prove petroleum in the Paleocenic rocks (the Lista formation) and Middle/Late Jurassic reservoir rocks (the Krossfjord and Fensfjord formations and the Brent group). In both the primary and secondary exploration targets the well encountered reservoir rocks and reservoir quality as expected. Comprehensive data acquisition and sampling have been carried out. The well is the first exploration well in production licence 551. The licence was awarded in APA 2009. The well was drilled to a vertical depth of 2082 metres below sea level and was terminated in the Brent group in reservoir rocks from the Middle Jurassic. Water depth at the site is 348 metres. The well will now be permanently plugged and abandoned. Well 31/3-4 was drilled by the Transocean Barents drilling facility, which will now proceed to production licence 659 in the Barents Sea to drill wildcat well 7222/11-2, where Det norske oljeselskap ASA is the operator.

3 Jan 2014

BP exercise option for 'Maersk Reacher' jackup

Maersk Drilling (Maersk) has announced that BP Norway (BP) has extended the contract for the company’s ‘Maersk Reacher’ jackup rig for an additional two years, beginning in September 2014. The two year contract extension is valued at US$222 million and comes with four additional options for extension which if exercised would contract the rig until September 2020. BP originally contracted the .... [+ read more] ‘Maersk Reacher’ in September 2011 after it had been upgraded to comply with operating requirements on the Norwegian shelf.

2 Jan 2014

Kosmos sublet 'Maersk Discoverer' from BP for Morocco drilling

Kosmos Energy (Kosmos) has announced that it has agreed to a single well rig share agreement with BP for use of the ‘Maersk Discoverer’ semisub rig. BP currently has the ‘Maersk Discoverer’ under contract until April 2016 in Egypt and is allowing Kosmos to use the unit to drill the FA-1 exploration well in the Forum Assaka Offshore block in Morocco .... [+ read more] during 1H 2014. The well is expected to take up to three months to drill and BP will fund Kosmos’ share of the well costs.

2 Jan 2014

Statoil in North Sea oil and gas discovery

Statoil Petroleum AS, operator of production licence 272, is in the process of completing the drilling of wildcat wells 30/11-9 S and 30/11-9 A. The well was drilled about 13 kilometres southeast of the 30/11-8 S discovery and about 35 km south of the Oseberg Sør installation in the North Sea. The primary exploration target for well 30/11-9 .... [+ read more] S was to prove petroleum in Upper to Middle Jurassic reservoir rocks (lower part of the Heather and Tarbert formation). The secondary exploration target was to prove petroleum in reservoir rocks in the Middle Jurassic (Ness and Etive formation). The well encountered gas in a net 90-metre column in the lower part of the Heather formation and in the upper to middle part of the Tarbert formation, both with reservoir properties as expected. The Ness formation was aquiferous and the Etive formation, which lies under the Ness formation, was therefore not explored. The primary exploration target for well 30/11-9 A was to prove petroleum in Middle Jurassic reservoir rocks (the Tarbert formation). The secondary exploration target was to prove petroleum in Middle Jurassic reservoir rocks (the Ness and Etive formation). The well encountered oil in a net 40-metre column in the lower part of the Heather formation and the upper part of the Tarbert formation, both with reservoir properties as expected. The Ness formation was aquiferous and the Etive formation, which lies under the Ness formation, was therefore not explored. Preliminary estimates indicate that the size of the discoveries is between 3 and 7 million Sm3 recoverable oil equivalents. The wells were not formation-tested, but extensive data acquisition was carried out. The licensees in production licence 272 will assess the discoveries together with other discoveries in the production licence. Wells 30/11-9 S and 30/11-9 A were drilled to respective vertical depths of 3637 and 3646 metres below the sea surface, and both were terminated in the Ness formation in the Middle Jurassic. The wells are the second and third exploration wells in production licence 272, which was awarded in the 2001 North Sea Awards (NST2001) in 2002. Water depth is 110 metres. The wells will be permanently plugged and abandoned. Wells 30/11-9 S and 30/11-9 A were drilled by the Ocean Vanguard drilling rig, which will now proceed to production licence 628 in the North Sea to drill wildcat well 25/9-4, where Statoil Petroleum AS is the operator.

2 Jan 2014

'COSLGift' jackup delivered from yard and enroute to South East Asia contract

China Oilfield Services Limited (COSL) has announced that 'COSLGift', the jack-up rig newly acquired by COSL has completed construction, been delivered and set sail to Southeast Asia to perform operations there. 'COSLGift', acquired in August 2013, is a high-end jack-up rig of the same model as 'COSLHunter' which was delivered in early December 2013. This is among one of world's mainstream .... [+ read more] jack-up rig models. 'COSLGift' is capable of operating at water depths of 375 feet and perform drilling operations at depths of up to a maximum of 30,000 feet, with maximum persons count on board at 124 crew members and a variable load of 3,500 tonnes. It sets sail to Southeast Asia and is expected to start operation in mid-to-late January 2014, while its sister 'COSLHunter' had been towed to Gulf of Mexico to perform operation in early December 2013.

2 Jan 2014

Buccaneer Energy sells interest in Kenai Offshore Ventures

Buccaneer Energy has sold its stake in Kenai Offshore Ventures LLC (KOV), the company that was set up to own and operate the ‘Endeavour, The Spirit of Independence’ jackup rig in the Cook Inlet, Alaska. Buccaneer’s stake has been purchased by Teras Investments Pte. Ltd (Teras), a subsidiary of Ezion Holdings. The unit will remain in Alaska, undertaking its existing bareboat .... [+ read more] charter until 29th October 2017 however, it will now be managed by Spartan Offshore Drilling, who also own and operate the ‘Spartan 151’ jackup that’s also currently operating in the Cook Inlet.