Infield Rigs News

31 Dec 2015

Minor gas discovery on the Finnmark platform in the Barents Sea – 7130/4-1

Lundin Norge AS, operator of production licence 708, is in the process of concluding the drilling of wildcat well 7130/4-1. The well is being drilled about 85 kilometres north-east of Berlevåg. The primary exploration target for the well was to prove petroleum in carbonate and spiculite reservoir rocks (the Røye formation) in the Upper Permian. The secondary exploration target was to .... [+ read more] prove petroleum in underlying carbonates and sandstones (the Ørn formation and the Soldogg formation) in the Permian and Carboniferous Ages. In the primary exploration target, well 7130/4-1 encountered an approx. 40 metre thick aquiferous spiculite reservoir in the Røye formation, with poor reservoir quality. In the secondary exploration target, the well proved traces of petroleum in the Ørn formation. The formation is about 180 metres thick, but is mainly tight. In the Soldogg formation, the well encountered a 5 metre thick gas column in a sandstone reservoir with moderate reservoir quality. In total, the well encountered about 85 metres of reservoir in the Soldogg formation. The gas/water contact was encountered. The assessment of the size of the discovery is unclear at this time, but indications are that it is too small to be commercial. The well was not formation-tested, but extensive data acquisition and sampling have been carried out, with cores from the primary exploration target, and lateral cores in the secondary exploration target (the Soldogg formation). This is the first exploration well in production licence 708. The licence was awarded in the 22nd licensing round in 2013. Well 7130/4-1 was drilled to a vertical depth of 3184 metres below the sea surface and was terminated in the Soldogg formation in the Lower Carboniferous. Water depth at the site is 288 metres. The well will now be permanently plugged and abandoned. Well 7130/4-1 was drilled by the Transocean Arctic, which will now drill wildcat well 7224/2-1 in production licence 611 in the Barents Sea, where Wintershall Norge AS is the operator.

31 Dec 2015

Songa Endurance commencement of drilling contract

Songa Endurance has today commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf, and the rig is now on operating rate. Songa Endurance is the second rig in a series of four Category D semi-submersible drilling rigs, specifically built for and contracted to Statoil. .... [+ read more]

30 Dec 2015

Fatality on board COSL rig

It is with great sadness that Statoil and COSL have received confirmed information from the police that one person has died as a result of the breaking wave that hit the drilling rig COSL Innovator today. Two other people were injured and are receiving medical treatment ashore. The rig is now heading to shore under its own power, while evacuation takes .... [+ read more] place. COSL and Statoil were notified at 5 pm on Wednesday 30 December that three people had been injured when a breaking wave hit COSL Innovator. Statoil and COSL have mobilized their emergency response organizations. COSL Innovator is under contract to Statoil at the Troll field in the North Sea, west of Bergen. The rig had been taken off the well as a result of the bad weather before the incident occurred. The breaking wave also caused some damage to the rig's accommodation module. The injured persons have been flown to shore by Sea King helicopter from the Joint Rescue Coordination Centre and by one of Statoil’s own rescue helicopters. Statoil is assisting COSL with evacuation of the rig down to the safety crew. Evacuees are being flown ashore.

28 Dec 2015

Transocean Ltd. Announces Customer Early Termination of Polar Pioneer Contract

Transocean Ltd. announced today that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for reduced operating costs and demobilization to Norway. .... [+ read more]

23 Dec 2015

Delineation of the 16/1-12 oil discovery (Edvard Grieg South) in the North Sea - 16/1-25 S

Lundin Norway AS, operator of production licence 338 C, has completed the drilling of exploration well 16/1-25 S. The well was initially classified as a wildcat well, but will now be reclassified as an appraisal well. The well was drilled about six kilometres south of the Edvard Grieg field in the central part of the North Sea, about three kilometres .... [+ read more] south of the 16/1-12 discovery, 190 km west of Stavanger. The discovery was proven in basement rocks in 2009. After drilling the discovery well, the operator's resource estimate for the discovery was between three and eight million standard cubic metres (Sm3) of recoverable oil. The objective of the well was to prove oil in thin sandstone layers in Upper Jurassic / Lower Cretaceous reservoir rocks, and in the underlying jointed, porous granitic basement rock. Upper Jurassic/Lower Cretaceous reservoir rocks were not present. The well encountered an oil column of about 30 metres in jointed, porous basement rock, with reservoir quality varying from poor to moderate, depending on the degree of fracturing. The oil/water contact was encountered at 1927 metres below the sea surface. Collected pressure data shows communication with the 16/1-12 oil discovery, with approximately the same oil/water contact. Preliminary estimates place the size of the discovery between two and seven million Sm3 of recoverable oil. The licensees will assess the discovery with a view towards a tie-in to the Edvard Grieg field. Extensive data acquisition and sampling have been carried out. Several formation tests (a DST, 5 mini-DSTs and a fracture/injection test) have been conducted. The production rate from DST was 42 Sm3 of oil per flow day through a 36/64-inch nozzle opening. The oil is under-saturated with a gas/oil ratio of 180 Sm3/Sm3. The formation tests (DST and mini-DST) mainly revealed moderate production and flow properties. Due to poor communication from the well to the porous, fractured basement rock, paraffin was injected in a minor fracturing and injection test, which yielded stable rates of 1000 Sm3 per day. This is the second exploration well to be drilled in production licence 338 C, which was carved out of production licence 338 and awarded on 16 December 2014. Well 16/1-25 S was drilled to respective vertical and measured depths of 2096 and 2185 metres below the sea surface, and was terminated in granitic basement rock. The well will be permanently plugged and abandoned. Water depth at the site is 106 metres. The well was drilled by the Bredford Dolphin drilling facility.

22 Dec 2015

Oro Negro Signs Charter Agreement and Contract Extensions with PEMEX

On December 21, 2015, Perforadora Oro Negro, S. de R.L. de C.V. (“Oro Negro”) and Pemex Perforación y Servicios, ENS (“Pemex”) executed a new charter agreement for Oro Negro´s Impetus rig, for a period of 5 years with a day rate of USD$130,000.00. In addition, Oro Negro and Pemex Exploración y Producción signed amendments to the outstanding charter leases for Oro .... [+ read more] Negro’s rigs Primus, Laurus, and Fortius. The amendments provide a one year extension on the term on the contracts for each of the above mentioned rigs. Oro Negro expects to sign a similar one year extension for the Decus rig in the near term.

22 Dec 2015

Oil discovery in the Rolvsnes prospect, offshore Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Rolvsnes exploration well 16/1-25 S as an oil discovery. The well is located in PL338C south of the Edvard Grieg field in the central North Sea sector of the Norwegian Continental Shelf (NCS). The well is located on the .... [+ read more] southwestern flank of the Utsira High, approximately 6 km south of the Lundin Petroleum operated Edvard Grieg field and 3 km south of the Edvard Grieg South discovery. The well encountered a gross oil column of 30 metres in porous granitic basement. Pressure data and oil type indicate that the petroleum system is in communication with the Edvard Grieg South discovery which was made by Lundin Norway in 2009. Extensive data acquisition and sampling was carried out in the reservoir including conventional coring and fluid sampling. A production test (DST) was performed, achieving a production rate of 265 barrels of oil per day through a 36/64” choke. Further studies will be required to incorporate all the findings and establish future planning, such as the potential drilling of an extended reach well from the Edvard Grieg platform with an associated longterm production test. The gross contingent resource range for Rolvsnes, based on natural depletion drive, including the Edvard Grieg South discovery is estimated to be between 3 and 16 million barrels of oil equivalents (MMboe). There remains significant resource upside including potential to find a more extensive fracture network and secondary recovery potential. Including this prospective upside potential the total gross resource estimate is between 10 and 46 MMboe. Exploration well 16/1-25 S is the second well drilled in PL 338C, which was carved out from PL338 in late 2014. Well 16/1-25 S was drilled to a total depth of 2,096 metres below mean sea level in a water depth of 106 metres. The well was drilled using the semi-submersible drilling rig Bredford Dolphin and will be permanently plugged and abandoned. Lundin Norway is the operator of PL338C with 50 percent working interest. The partners are Lime Petroleum Norway with a 30 percent working interest and OMV (Norge) AS with 20 percent working interest.

22 Dec 2015

Drilling permit for well 7324/7-3 S in production licence 537

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to OMV Norge AS for well 7324/7-3 S, cf. Section 8 of the Resource Management Regulations. Well 7324/7-3 S will be drilled from the Transocean Spitsbergen drilling facility in position 73o26`30.78" north and 24o15´39.88" east. The drilling programme for well 7324/7-3 S relates to the drilling of an appraisal well .... [+ read more] in production licence 537. OMV Norge AS is the operator with a 25 per cent ownership interest. 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 comprises blocks 7324/7 and 7324/8, and was awarded in the 20th licensing round in 2009. Wildcat well 7324/7-3 S will be the fifth exploration well in production licence 537. The permit is conditional upon the operator securing all other consents and permits required by other authorities prior to commencing the drilling activity.

21 Dec 2015

Completion of Physical Build of Explorer 1

Amedeo is pleased to announce that the physical build of Jiangsu Yangzijiang Offshore Engineering Co. Ltd's ("YZJ Offshore") first rig order, the Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig, Explorer 1, has been completed. Testing, including to American Bureau of Shipping classifications, and commissioning, which constitute a key part of the delivery package, have .... [+ read more] already commenced and are expected to be completed during 2016. Glen Lau, Chief Executive Officer, commented: "We are pleased that physical build of YZJ Offshore's first rig is complete. Following successful testing and commissioning, the rig will be delivered to the client. The physical completion of the first build is a key milestone from several perspectives, including in establishing the good reputation of a yard."

21 Dec 2015

Drilling permit for well 7224/2-1 in production licence 611

he Norwegian Petroleum Directorate (NPD) has granted Wintershall Norway AS a drilling permit for wellbore 7224/2-1, cf. Section 8 of the Resource Management Regulations. Well 7224/2-1 will be drilled from the Transocean Arctic drilling facility at position 72°46’25.92" north and 24°23’56.33" east following completion of drilling of wildcat well 7130/4-1 for Lundin Norway AS in production licence 708. The drilling .... [+ read more] program for well 7224/2-1 concerns the drilling of a wildcat well in production licence 611. Wintershall Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are Faroe Petroleum Norge AS (40 per cent) and Petoro AS (20 per cent). The area in this licence is comprised of the blocks 7223/3, 7223/6, 7224/1, 7224/2, 7224/3, 7224/4 and 7224/5. The well is being drilled about 25 kilometres northwest of the discovery 7224/6-1 (Arenaria) and about 240 kilometres north of Hammerfest. Production licence 611 was awarded on 13 May 2011 (21st licensing round). 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 prior to commencing the drilling activity.

21 Dec 2015

KCA Deutag Disposal of Ben Loyal Jack-Up Drilling Unit

Leading global drilling and engineering contractor, KCA Deutag, today announces that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. Built in 1981 and acquired by KCA Deutag in 2005, the Ben Loyal's operational performance has been strong and until October of this year it had .... [+ read more] been continuously under contract in the Gulf of Mexico. The Friede & Goldman L-780 MOD II rig, which is due for a special periodic survey next year, is capable of drilling in water depths of 300ft. Norrie McKay, KCA Deutag CEO said: "The sale of the Ben Loyal is another important step for KCA Deutag as we continue to focus our growth strategy on our core businesses of premium rig services, specialist engineering and design, and land rig manufacturing."

18 Dec 2015

Atwood Oceanics announces changes to delivery schedules for two ultra-deep water drillships

Atwood Oceanics, Inc. (NYSE: ATW) announced today that subsidiaries of the Company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the Company's requirement to take delivery of two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, to September 30, 2017 and June 30, 2018, respectively. In consideration of the agreement, the .... [+ read more] Company will make payments of $50 million for each drillship on December 31, 2015, and DSME will extend all remaining milestone payments, $93.9 million for the Admiral and $305 million for the Archer, until their respective delivery dates. The Company retains the option to take earlier delivery of each vessel, subject to a forty-five (45) day notice period to DSME.

18 Dec 2015

Atwood Oceanics announces changes to delivery schedules for two ultra-deep water drillships

Atwood Oceanics, Inc. (NYSE: ATW) announced today that subsidiaries of the Company have agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the Company's requirement to take delivery of two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, to September 30, 2017 and June 30, 2018, respectively. In consideration of the agreement, the .... [+ read more] Company will make payments of $50 million for each drillship on December 31, 2015, and DSME will extend all remaining milestone payments, $93.9 million for the Admiral and $305 million for the Archer, until their respective delivery dates. The Company retains the option to take earlier delivery of each vessel, subject to a forty-five (45) day notice period to DSME.

17 Dec 2015

Rig secured for drilling the Brasse prospect in Norway

Faroe, has entered into a contract with Transocean Offshore (North Sea) Ltd on behalf of the PL 740 joint venture for the lease of the semi-submersible Transocean Arctic drilling rig. Faroe has budgeted its net share of the well costs after tax to be less than £2m, and the well is expected to be drilled in the summer of 2016. .... [+ read more] Brasse will test a structure immediately to the south of the producing Brage field and if successful could be tied-back to Brage (Faroe 14.3%) or alternatively to other nearby installations. The co-venturer in the PL740 licence is Core Energy AS (50%).

17 Dec 2015

Rig contract cancellation

Statoil has decided to cancel the contract with Transocean for the drillship Discoverer Americas. The drillship has been on contract with Statoil since 2009, supporting Statoil’s exploration activities in East and North Africa and the Gulf of Mexico. Statoil was in the current environment unable to secure additional activity for the rig for the remainder of the contract period, ending in .... [+ read more] May 2016. “Discoverer Americas has been a very good performer for Statoil, contributing to test deep-water and ultra-deep water prospectivity in Tanzania, Egypt, and the Gulf of Mexico and appraising the multiple high-impact discoveries in Tanzania. All operations were performed with solid drilling efficiency and a good safety culture. Without additional activity lined up, we unfortunately have to let the rig go prior to contract end,” says Tore Aarreberg, head of rig procurement.

16 Dec 2015

Delivery of Songa Encourage

Songa Offshore has today taken delivery of Songa Encourage - the third Category D rig - from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. "We are pleased to take delivery of Songa Encourage today the 16 December 2015. This is the third Category D rig we take delivery of in a series of four rigs, all going on eight .... [+ read more] year contracts with Statoil in Norway. We are now looking forward to see the rig commence drilling operations in Norway", says CEO Bjørnar Iversen.

15 Dec 2015

Contract Cancellation

In accordance with the terms of the contract, Shell has terminated the rig's contract for convenience and will pay Noble for the remaining term at approximately 90 percent of the operating dayrate adjusted for certain other items. The rig is being mobilized to Singapore where it is expected to be stacked. .... [+ read more]

14 Dec 2015

Rig Contract Signed – Funding Secured for Skipper Drilling in the New Year

Independent Oil and Gas plc ("IOG" or the “Company”), the North Sea focused oil and gas company, is pleased to announce it has signed a Rig Contract with Transocean Drilling U.K. Limited (“Transocean”) to procure the Transocean John Shaw semi-submersible rig to drill the Company’s fully funded appraisal well on the Skipper oil discovery in Block 9/21a in the Northern North .... [+ read more] Sea in licence P1609. IOG anticipates that the rig will commence drilling operations at Skipper in late January or early February 2016 with the objective of retrieving good quality reservoir condition oil samples in order to design the optimum field development plan for the Skipper field. The rig will drill a vertical well to 5,600ft which is expected to take approximately 25 days. Skipper is an offshore heavy oil field located in the Northern North Sea with independently verified gross 2C resources of 26.2 MMBbls. IOG management estimates that Skipper has 34.1 MMBbls of recoverable oil based on a recovery factor of 25%, compared to the historic CPR estimate of 19%. The well will also target two exploration prospects directly beneath the Skipper oil discovery in the Lower Dornoch and Maureen formations, in which the CPR authors have mapped structures which could contain an additional 46 MMBbls of oil in place. (Source: AGR Tracs CPR dated September 2013.) If oil is present in these structures, it would be co-developed with Skipper in line with the Company’s hub strategy. IOG intends to drill the Skipper well as 100% owner, which requires completion of the Sale and Purchase agreement to acquire 50% of the licence from Alpha Petroleum Ltd (“Alpha”). As previously announced, the deadline for the completion of this agreement has been extended to 21 December 2015. The Company also requires the Oil and Gas Authority ("OGA") to approve IOG North Sea Limited as licence operator and AGR Well Management Limited ("AGR") as well operator.

14 Dec 2015

Rig Contract Signed – Funding Secured for Skipper Drilling in the New Year

Independent Oil and Gas plc ("IOG" or the “Company”), the North Sea focused oil and gas company, is pleased to announce it has signed a Rig Contract with Transocean Drilling U.K. Limited (“Transocean”) to procure the Transocean John Shaw semi-submersible rig to drill the Company’s fully funded appraisal well on the Skipper oil discovery in Block 9/21a in the Northern North .... [+ read more] Sea in licence P1609. IOG anticipates that the rig will commence drilling operations at Skipper in late January or early February 2016 with the objective of retrieving good quality reservoir condition oil samples in order to design the optimum field development plan for the Skipper field. The rig will drill a vertical well to 5,600ft which is expected to take approximately 25 days. Skipper is an offshore heavy oil field located in the Northern North Sea with independently verified gross 2C resources of 26.2 MMBbls. IOG management estimates that Skipper has 34.1 MMBbls of recoverable oil based on a recovery factor of 25%, compared to the historic CPR estimate of 19%. The well will also target two exploration prospects directly beneath the Skipper oil discovery in the Lower Dornoch and Maureen formations, in which the CPR authors have mapped structures which could contain an additional 46 MMBbls of oil in place. (Source: AGR Tracs CPR dated September 2013.) If oil is present in these structures, it would be co-developed with Skipper in line with the Company’s hub strategy. IOG intends to drill the Skipper well as 100% owner, which requires completion of the Sale and Purchase agreement to acquire 50% of the licence from Alpha Petroleum Ltd (“Alpha”). As previously announced, the deadline for the completion of this agreement has been extended to 21 December 2015. The Company also requires the Oil and Gas Authority ("OGA") to approve IOG North Sea Limited as licence operator and AGR Well Management Limited ("AGR") as well operator.

14 Dec 2015

Indonesia Sakti exploration well reaches total depth

KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and gas company, announces that it has completed drilling of the Mustika-1 exploration well in the Sakti production sharing contract (“PSC”) in the East Java Sea. Mustika-1 was drilled to a total measured depth of 2,768 feet (844 metres), or 2,667 feet total vertical depth subsea, and encountered gas in the .... [+ read more] Tuban and Kujung I formations. Initial indications from wireline logs are that the gases have a high carbon dioxide content and therefore are likely to be below the economic threshold for a commercial discovery. The well will be plugged and abandoned and a detailed analysis of the well data and gas samples will be undertaken to review the remaining prospects and leads in the Sakti PSC. Chris Gibson-Robinson, Director Exploration & Production, commented: “This is our final exploration well for 2015 with the first five being drilled in the Gulf of Thailand, all of which were successful. The first four wells resulted in the recently approved plan of development for the Rossukon field." KrisEnergy was awarded the Sakti PSC in February 2014. The block covers 4,974 sq. km in the East Java Sea over the western margin of the East Java Basin, Bawean Arch and the Muriah Trough. KrisEnergy is also the operator of the Bulu PSC, which is adjacent to the Sakti PSC and contains the Lengo gas discovery for which the Company received approval for its plan of development in December 2014. Front-end engineering design for the Lengo development was completed in the third quarter of 2015. Gas sales negotiations are ongoing and preparations are underway to tender the contract for engineering, procurement, construction and installation.

14 Dec 2015

VAALCO Energy Announces Second Successful Well Drilled To The Dentale Formation

VAALCO Energy, Inc. (NYSE: EGY) today announced that the North Tchibala 2-H well, the second development well drilled by VAALCO in the North Tchibala field, was brought online at a stabilized rate of approximately 500 gross barrels of oil per day (BOPD), or 122 BOPD net revenue interest to VAALCO. The well was drilled to a measured depth of 16,476 .... [+ read more] feet and encountered good quality sands in the Dentale D-18/19 reservoir. The well came on production flowing naturally with no H2S and water free. Based on production tests in nearby exploration wells, the quality of the reservoir would indicate the potential for a higher flow rate than has been achieved thus far. VAALCO is gathering diagnostic data to assess the productive capacity of the North Tchibala 2-H well and to determine if there is remedial work that might increase the flow rate from the well. While the Dentale formation is productive in onshore Gabon fields, the North Tchibala field represents the first Dentale production developed in the offshore waters of Gabon. The first North Tchibala producer, North Tchibala 1-H, targeted the shallower Dentale D-9 formation at approximately 11,200 feet measured depth and was placed on production during the third quarter of 2015. The North Tchibala 1-H well initially produced at a sustained rate of 3,000 BOPD flowing naturally for six weeks with minimal pressure depletion. In late October, the Company observed a decline in bottomhole pressure accompanied by an increase in gas production rates. The well was choked back to approximately 1,500 BOPD and bottomhole pressure has now stabilized. Production continues to remain at that level, which is still at initial expectations for the well. VAALCO will continue to monitor both Dentale wells and take appropriate actions to optimize long term production and reservoir performance. The North Tchibala 2-H is the third successful well drilled and placed on production at VAALCO's new Southeast Etame/North Tchibala (SEENT) platform located in approximately 260 feet of water offshore Gabon. VAALCO is the operator of the Etame Marin permit area and owns a 28.1% working interest and a 24.4% net revenue interest. The Transocean Constellation II jackup rig has mobilized to the nearby Avouma/South Tchibala platform to conduct workover operations to replace electrical submersible pumps (ESPs) on three existing production wells, two of which are off production. Sea conditions have improved allowing the safe movement of the rig. Steve Guidry, VAALCO's Chairman and CEO commented, "I am pleased to announce that the North Tchibala 2-H well encountered very good quality reservoir. As a result, we are further encouraged about the long term upside potential for the Dentale formation on our Etame Marin acreage, but it will take time to monitor the ongoing performance of the first two wells and to test other areas of our concession with additional wells in the future. While no more wells are planned for the SEENT platform in the near term, we are evaluating the drilling of a development well at the Etame platform in early 2016 following our three-well workover program. The Etame development well would target the Gamba formation as well as test the Dentale reservoir that we believe could exist at deeper depths in that area."

14 Dec 2015

Expansion of Maersk Guardian

Semco Maritime has entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016 The DKK three-digit million order for Semco Maritime comprises installation of new accommodation blocks as a supplement to existing quarters on the jack-up rig. .... [+ read more] Semco Maritime won the order in an open tender with several Danish and foreign participants. Head of Semco Maritime’s rig division, Senior Vice President Lars Skov Christensen, is very pleased with the order for Maersk Guardian, which is strategically important in a market under pressure. - It is very encouraging that an internationally respected operator such as Maersk Drilling chooses us. That confirms that our strategy is competitive in a challenged rig market. Lars Skov Christensen to a large extent ascribes the win to Semco Maritime’s shipyard-in-a-box concept. - Our shipyard-in-a-box concept is a figurative concept of flexibility, which allows us to swiftly relocate our rig engineers to where the work is. We can move out in a matter of a few hours or days, depending on the type of the assignment or the geographical location of where we are going. The concept simultaneously minimizes our fixed costs without compromising quality, Lars Skov Christensen states. Maersk Guardian is currently located in Frederikshavn, where the rig will be situated during the entire refurbishing period. The largest part of the Semco order – construction of the new accommodation blocks – is performed in Gdansk in Poland. The entire accommodation block unit is then sailed to Frederikshavn and installed on the rig, Vice President and main responsible for the project Nikolaj Vejlgaard explains: - We have never constructed an accommodation block this size before. The sheer size makes it impossible for us to perform the work at our own facilities in Esbjerg, and we have therefore placed the assignment with our skilled collaboration partners in Poland, said Nikolaj Vejlgaard. The 142-room accommodation block weighs 560 ton and is set to arrive at Frederikshavn in August with subsequent final installation of the entire block a couple of weeks later. Maersk Guardian has a leg length of 157 meters and was constructed in Japan in 1986. It is designed for all-year operation in the North Sea.

14 Dec 2015

Atlantica Delta Semi Tender Delivered

December 11, 2015 Atlantica Delta semi tender was delivered by DSIC (Dalian). The Delta will be loaded aboard the Mighty Servant III for the 10,000 nautical mile, 5 week voyage to West Africa where it will immediately commence a term development drilling contract for Total Congo. The Delta will be positioned in 800m of water with pre-laid mooring adjacent .... [+ read more] to the recently delivered Moho Nord TLP.

14 Dec 2015

Launching Ceremony for the Tam Dao 05 Jackup

On 13 Dec 2015, Petrovietnam Marine Shipyard held the launching ceremony for the Tam Dao 05 jackup. The rig is expected to be delivered after 32 month of construction. .... [+ read more]

10 Dec 2015

Minor oil discovery near the Vega Sør field in the north-eastern North Sea - 35/11-18 and 18 A

Wintershall Norge AS, operator of production licence 248, is in the process of completing the drilling of wildcat well 35/11-18 and appraisal well 35/11-18 A. The wells have been drilled approx. four kilometres west of the Vega Sør field. The primary exploration target for well 35/11-18 was to prove petroleum in Middle Jurassic reservoir rocks (the Brent group). The secondary .... [+ read more] exploration target was to prove petroleum in Upper Jurassic reservoir rocks (sandstones in the Heather formation). In the primary exploration target, the well encountered a 275 metre thickness of moderate to good reservoir quality in the Brent group. The well proved light oil in the Tarbert and Oseberg formation, with columns of eleven and three metres, respectively. In the secondary exploration target, the well encountered an eight-metre hydrocarbon column of good to poor reservoir quality. The objective of appraisal well 35/11-18 A was to investigate the extent of the reservoir and the hydrocarbon columns. The well was drilled about 450 metres south of the discovery well. The well proved gas and oil in two Upper Jurassic (the Heather formation) sandstones with net thicknesses of 33 and 24 metres, respectively, with poor to good reservoir quality. The well encountered oil throughout the Brent group, which is 270 metres, with moderate to good reservoir quality. The well also encountered a 46-metre column of light oil in the Lower Jurassic (the Cook formation). Preliminary estimates place the size of the discovery between 1 and 3 million Sm3 of recoverable oil. Extensive data collection and sampling have been carried out, including two formation tests in the Cook and Oseberg formation in 35/11-18 A. The tests show good flow properties with stable flow pressure and low pressure drop, with good permeability. The wells are the second and third exploration wells in production licence 248. Well 35/11-18 was drilled to a measured depth of 3759 metres below the sea surface (3709 metres vertical depth) and was terminated in Early Jurassic rocks (the Cook formation). The appraisal well was drilled to a measured depth of 4020 metres below the sea surface (3874 metres vertical depth), and was terminated in Early Jurassic rocks (the Statfjord group). Water depth at the site is 366 metres. The wells have been permanently plugged and abandoned. The partners in PL 248 will now evaluate the results. Wells 35/11-18 & 18 A were drilled by the Borgland Dolphin drilling facility, which will now drill appraisal well 25/10-14 in the North Sea in production licence 571, where Suncor Energy Norge AS is the operator.

7 Dec 2015

Transocean Ltd. Announces Two Year Contract For The Henry Goodrich

Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million. The rig is expected to commence operations in the second quarter of 2016. As of December 6, 2015, the company's contract backlog is approximately .... [+ read more] $16.8 billion.

7 Dec 2015

Maersk Drilling secures 5-year accommodation contract for jack-up Maersk Guardian

Maersk Drilling has been awarded a contract with Maersk Oil for the jack-up rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea. The firm contract duration is 5 years with commencement in September 2016. The contract includes two 1-year options. The estimated contract value for the firm contract period is USD 142m. “We .... [+ read more] are pleased that we will get Maersk Guardian back on the water. In this market, it is important to seek out new ideas in order to keep our rigs employed. An accommodation contract like this is a good example of that and it adds to our contract backlog,” says Morten Pilnov, Head of Global Sales in Maersk Drilling. The Maersk Guardian is currently stacked in Frederikshavn where it will be located throughout the refurbishment period until contract commencement. The work entails decommissioning of the cantilever including drilling package, overhaul of auxiliary systems to support accommodation units, overhaul of existing accommodation block on the rig and installation of new accommodation modules. Built in 1986 in Japan, the Maersk Guardian is designed for year-round operation in the North Sea with a leg length of 132 meters.

7 Dec 2015

KrisEnergy kicks off Sakti exploration well in East Java Sea

– KrisEnergy Ltd. (“KrisEnergy” or “the “Company”), an independent upstream oil and gas company, announces that the KS Java Star jack-up rig has commenced drilling of the Mustika-1 exploration well in the KrisEnergy-operated Sakti production sharing contract (“PSC”). Drilling is expected to take approximately 20 days. Mustika-1, which is targeting the Kujung I formation, is planned to reach a total measured .... [+ read more] depth at 3,100 feet (945 metres), or 3,000 feet total vertical depth subsea. The location of the well is based on the interpretation of the 1,202 km 2D and 401 sq. km 3D seismic data acquired by the Company in 2014. KrisEnergy is also the operator of the Bulu PSC, which is adjacent to the Sakti PSC and contains the Lengo gas discovery for which the Company received approval for its plan of development in December 2014. Chris Gibson-Robinson, Director Exploration & Production, said: “The decision to drill Mustika-1 at this time comes as we are finalising project details for the Lengo development. This prospect is 10 km west of Lengo and, if successful, we would look at producing Sakti gas through the Lengo facilities.” Front-end engineering design for the Lengo development was completed in the third quarter of 2015. Gas sales negotiations are ongoing and preparations are underway to tender the contract for engineering, procurement, construction and installation. KrisEnergy was awarded as the operator a 95% working interest in the Sakti PSC in February 2014. The block covers 4,974 sq. km in the East Java Sea over the western margin of the East Java Basin, Bawean Arch and the Muriah Trough. Golden Heaven Jaya Ltd. holds the remaining 5% working interest.

7 Dec 2015

Lundin Petroleum commences Imbok exploration well, offshore Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia. The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia. The well will .... [+ read more] target hydrocarbons in Miocene aged sands. Imbok-1 will be drilled with the West Prospero jack-up rig to a total depth of approximately 1,700 metres below mean sea level. The drilling of the well is expected to take approximately 30 days. Lundin Malaysia holds 85 percent working interest in SB307 and SB308. Partner is PETRONAS Carigali Sdn Bhd with 15 percent working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB307/308 and SB303.

7 Dec 2015

Songa Equinox commencement of drilling contract

Songa Equinox has today commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf, and the rig is now on operating rate. Songa Equinox is the first rig in a series of four Category D semi-submersible drilling rigs, specifically built for and contracted to Statoil. "The start of drilling operations for .... [+ read more] Songa Equinox is another milestone in the Cat D project. Our organization is looking forward to working collaboratively with Statoil over the next eight years", says Songa Offshore's CEO, Bjørnar Iversen.

7 Dec 2015

Consent for drilling operations using COSLInnovator

Statoil Petroleum AS has received consent to use the COSLInnovator mobile drilling facility for drilling, completion, intervention, workover and well plugging on the Troll field. COSLInnovator is a semi-submersible drilling facility constructed at the Yantai Raffles Shipyard in China. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in 2012, and has been on contract to Statoil .... [+ read more] on the Troll field since then. The Petroleum Safety Authority Norway has now granted Statoil consent for well operations in accordance with Statoil's application.

7 Dec 2015

Consent to use Songa Equinox on the Troll field

The PSA has given Statoil consent to use the Songa Equinox mobile drilling facility for drilling and completion of wells on the Troll field in production licences 054 and 085. Songa Equinox is a semi-submersible drilling facility and the first of four Cat D rigs that Songa is building for Statoil. Songa Equinox received an Acknowledgement of Compliance (AoC) from .... [+ read more] the PSA in November 2015. The Troll field is located around 65 kilometres west of Kollsnes in Hordaland County and is the largest gas discovery made in the North Sea. The Petroleum Safety Authority Norway has now granted consent to use Songa Equinox on the Troll field in accordance with Statoil's application.

7 Dec 2015

Consent for drilling operations using COSLPromoter

Statoil Petroleum AS has received consent to use the COSLPromotor mobile drilling facility for drilling, completion, intervention, workover and well plugging on the Troll field. COSLPromoter is a semi-submersible dynamically positioned drilling facility, type GM4000. The facility was built and assembled at Yantai Raffles Shipyard (YRS) in China. The drilling package was delivered by National Oilwell Varco (NOV) and built at .... [+ read more] Nymo in Grimstad. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in 2012. The Petroleum Safety Authority Norway has now granted Statoil consent for well operations in accordance with Statoil's application.

2 Dec 2015

Songa Offshore has received the PSA's Acknowledgement of Compliance (AoC) for Songa Equinox

t is the PSA's assessment that petroleum activities may be carried out using the Songa Equinox facility within the regulatory framework. The validity of the Acknowledgement of Compliance assumes that Songa Offshore ensures that the facility and relevant parts of the company’s organisation and management systems are maintained, to fulfil the terms and conditions set out in the PSA’s decision. .... [+ read more]

1 Dec 2015

Maersk Drilling secures contract for Maersk Venturer with Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation. The drilling programme is expected to commence in March 2016. “We have collaborated and partnered with .... [+ read more] Total many times over the years. Total is a highly valued customer of Maersk Drilling, and we are very pleased with being selected by Total to drill their first exploration well offshore Uruguay,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group and continues: “With this contract, we continue to build our contract backlog and secure work for our rigs and people, which is very encouraging in this challenging market.” Maersk Venturer is the third in a series of four ultra deepwater drillships in Maersk Drilling’s fleet. The four drillships represent a total investment of USD 2.6bn. The other three drillships have all secured long-term contracts.

1 Dec 2015

Primeline Completes LS30-3-1 Well

Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSXV: PEH) today announced that drilling operations of the LS30-3-1 well have been completed without discovering hydrocarbons LS30-3-1 is located approximately 20km north of the LS36-1 gas field platform and was targeting a large channel sand prospect as part of Primeline’s two well exploration drilling programme for 2015. The well spudded on .... [+ read more] November 13. When the well reached the planned total depth of 1800m, Primeline decided to deepen the well, drilling to a total depth of 2000m on November 27 with electronic log data being collected during November 27-30. The analysis of the results shows that whilst the well encountered three sets of very good sandstone reservoir sequences as predicted, unfortunately there was no oil or gas accumulation in those sandstones. The LS30-3-1 has thus been declared as a dry well and the plug and abandon operation is now ongoing before the rig is released. Primeline will conduct a careful post well evaluation of the results of the LS23-1-1 and LS30-3-1 wells in the coming months in order to formulate the next stage of the exploration programme in the remainder of the 5,877sq km of Block 33/07.

30 Nov 2015

Drilling permit for well 16/4-10 in production licence 544

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-10, cf. Section 8 of the Resource Management Regulations. Well 16/4-10 will be drilled from the Island Innovator drilling facility in position 58°35’03.08’’ north 02°10’21.95’’ east. The drilling programme for well 16/4-10 relates to drilling of a wildcat well in production licence 544. Lundin is .... [+ read more] the operator with an ownership interest of 40 per cent. The other licensees are Bayerngas Norge AS and Lime Petroleum Norway AS, each with 30 per cent. The area in this licence consists of part of block 16/4. The well will be drilled southwest of the 16/4-6 S oil discovery (Luno II) in the central part of the North Sea. Production licence 544 was awarded on 19 February 2010 (APA 2009). This is the second exploration 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.

30 Nov 2015

Rig contract to Transocean

Det norske oljeselskap ASA has on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund) awarded an agreement to Transocean Offshore (North Sea) Ltd NUF for the lease of the semi-submersible drilling rig Transocean Arctic. The contract scope for drilling of four wells in the Alvheim area (estimated to 250 days (has a market value of approximately USD .... [+ read more] 44.75 million exclusive options. The contract has its commencement window during December 2016 and involves the drilling of one exploration well (West Volund in license 150B) and three production wells (two wells in license 150 and one in license 203 / 088BS respectively). The award is for a traditional well contract based on a daily rate and with several flexible options built into the agreement. The Transocean Arctic is a harsh environment midwater semi-submersible drilling rig also certified for drilling wells in the Barents Sea and under HPHT (high pressure and high temperature) conditions.

26 Nov 2015

Grand ceremony for the first of three rigs built by North Sea Rigs

Several hundred people were present at the naming ceremony of North Sea Rig’s first rig, North Dragon, at the CIMC Raffles yard in Yantai, China, today. The rig company and its owners take a long-term perspective, providing rigs for cost efficient, safe and effective operations. North Dragon, Beacon Atlantic and Beacon Pacific all have a design (GM4-D) .... [+ read more] based on CIMC Raffles’ previous construction projects with rigs adapted for operations in a harsh environment. The concept has also adopted the best elements of new rig projects such as Statoil’s CAT D.

26 Nov 2015

Lundin Petroleum completes Selada exploration well, offshore Malaysia

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well was dry and has been plugged and abandoned. The well was targeting hydrocarbons in Miocene aged sands approximately 14 km to the south of the Bertam field operated by Lundin Malaysia. Selada-1 .... [+ read more] was drilled with the West Prospero jack-up rig. Lundin Malaysia holds 75 percent working interest in PM308A. Partner is PETRONAS Carigali Sdn Bhd with 25 percent working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB303 and SB307/308.

25 Nov 2015

Roc-1 well update

Carnarvon Petroleum Limited is pleased to advise that the operator of the Roc-1 well, Quadrant Energy has advised that the well spud on 24 November 2015. Drilling is expected to take approximately 35 to 40 days trouble free to reach Total Depth of 4,700m. .... [+ read more]

24 Nov 2015

Lundin Petroleum spuds exploration well on the Ørnen prospect in the Barents Sea South

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7130/4-1 on the Ørnen prospect. The well 7130/4-1 will explore the Ørnen prospect in PL708, located on the eastern parts of the Finnmark Platform in the southern Barents Sea. The reservoir is expected to consist of .... [+ read more] Upper Permian carbonates. The Ørnen prospect is estimated to contain gross unrisked prospective resources of 354 million barrels of oil equivalents (MMboe). The planned total depth is approximately 2,630 metres below mean sea level and the well will be drilled with the semi-submersible drilling unit Transocean Artic. The drilling operation is expected to take approximately 60 days. Lundin Norway is the operator of PL708 with a 40 percent working interest. The partners are Edison Norge with 20 percent, Lukoil Overseas North Shelf with 20 percent, Lime Petroleum Norway with 10 percent and North Energy with 10 percent.

23 Nov 2015

Isobel Deep Re-drill Well Spud

Falkland Oil and Gas Limited (AIM:FOGL), the oil and gas exploration company focused on its extensive license areas to the North, South and East of the Falklands islands, is pleased to announce that the 14/20-2 ‘Isobel 2’ well (the "Well") was spudded, by Premier Oil as operator, on 21 November 2015. The well is located on licence PL004a , .... [+ read more] in which FOGL has a 40% working interest, and lies approximately 4 km away from the 14/20-1 Isobel Deep oil discovery. The well will target the Isobel Deep reservoir and is a re-drill of the 14/20-1 well drilled earlier this year, which failed to reach Total Depth owing to operational issues. The well will test the F3 fan systems, which are mapped as entering the basin from the south east margin and comprise a sequence of stacked reservoirs. In addition to Isobel Deep, the well will also penetrate four other fans within the complex, comprising: Elaine South, Isobel, Doreen and Irene. The Elaine/Isobel fan complex, based on the operator’s estimates, has multiple reservoir targets and gross, mean un-risked resources of 400 million barrels of oil. A further release will be issued once the well has been completed and this is expected to be in January 2016. FOGL is fully carried through the costs of this well by Premier Oil and Rockhopper Exploration.

20 Nov 2015

Minor gas/oil/condensate discovery near the Visund field in the North Sea – 34/8-16 S

Statoil Petroleum AS, operator of production licence 120, has completed drilling of exploration well 34/8-16 S. The well was drilled on the east flank of the Visund field in the northern part of the North Sea, and about 140 km northwest of Bergen. The primary exploration target for 34/8-16 S was to prove gas and/or gas condensate in the Middle .... [+ read more] Triassic (the Lomvi formation). The secondary exploration target was to investigate additional resources in Lower to Middle Jurassic reservoir rocks (the Statfjord and Brent Group) and Upper Triassic reservoir rocks (the Lunde formation). The well encountered an oil/gas/condensate column of about 85 metres in the Lunde formation, 40 metres of which were of moderate to good reservoir quality. The Brent group is not present. Preliminary calculations of the size of the discovery are between 0.4 and 1.1 million Sm³ of recoverable oil equivalents. The licensees will consider further development of the discovery in the context of other potential additional resources. The well was not formation tested, but comprehensive data collection and sampling were carried out. This is the 26th exploration well drilled in production licence 120. Well 34/8-16 S was drilled to a vertical and measured depth of 3875 and 3830 metres below sea level, respectively, and was terminated in the Hegre group in the Triassic. The water depth at the site is 380 metres. The well will now be permanently plugged and abandoned. The well was drilled by the Songa Trym drilling facility.

17 Nov 2015

Termination Of Rig Construction Contract With PPL Shipyard Pte Ltd For The Construction Of A High-Specification Jack-Up Rig

MP Drilling has today issued PPL, the builder of the New Rig, a notice of termination of the Rig Construction Contract following the latter's failure to comply with certain of its material contractual obligations. In arriving at this decision to terminate the Rig Construction Contract, MP Drilling has taken into account various factors including cracks found on all three legs of .... [+ read more] the New Rig during two rounds of tests, notwithstanding repair works carried out by PPL after the first round of tests. In view of the termination of the Rig Construction Contract, MP Drilling will not be taking delivery of the New Rig and it will be seeking, among others, a refund from PPL of the initial amount of 10% of the contract price (approximately US$21.4 million) previously made to PPL pursuant to the Rig Construction Contract together with interest.

16 Nov 2015

Completion of Well Operations on the Aje Field, Nigeria

Panoro Energy ASA, the independent E&P company with assets in Nigeria and Gabon, is pleased to announce the completion of well operations on the Aje field on the OML 113 license offshore Nigeria. The Aje-4 well, which was previously drilled in 2008, has been successfully completed as an oil production well. This follows the previously reported successful completion of the .... [+ read more] Aje-5 production well. Both wells have been perforated in the Cenomanian oil bearing zones with positive indications of well productivity based on the short flow-backs carried out during the completion programs. Subsea trees have been installed on both wells, and the wells are now suspended ready for connection to the oil production facilities, prior to commencement of production. The Saipem Scarabeo 3 is currently being demobilized. No safety related incidents have been reported. Based on the well results and updated perforation modelling, management is confident that it should meet its indicated daily production guidance.

16 Nov 2015

Primeline Commenced Drilling Of LS30-3-1 Well

Primeline Energy Holdings Inc. today announces that it has commenced the drilling operations of the LS30-3-1 well. Following the plug and abandon operation of LS23-1-1 announced on October 28, Primeline’s contractor, China Oilfield Service Ltd. (“COSL”), towed the rig HYSY 941 to theLS30-3-1 location on November 4 and successfully jacked up the rig on location on November 7. COSL subsequently .... [+ read more] completed all the necessary preparation work and Primeline obtained the operation licence. LS30-3-1 well was then spudded on November 13 and drilling is ongoing. LS30-3-1 is located approximately 20km north of the LS36-1 gasfield platform and is targeting a large channel sand prospect. The planned total depth of the well is 1,800m, targeting the same reservoir as that of the LS36-1 gasfield. The drilling time is anticipated to be around 25 days. The drilling of LS30-3-1 is part of the 2 well exploration drilling programme by Primeline in 2015 as part of the rolling development programme anchored on the LS36-1 production.

13 Nov 2015

Drilling permit for well 7130/4-1 in production licence 708

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1, cf. Section 8 of the Resource Management Regulations. Well 7130/4-1 will be drilled from the Transocean Arctic drilling facility in position 71°31’55.66? north and 30°10’07.90? east, after completing the drilling of wildcat well 6406/12-5 S in production licence 586 for VNG Norge AS. The drilling .... [+ read more] programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent). The area in this licence consists of block 7130/7 and the southern half of block 7130/4. The well will be drilled about 85 kilometres north of Berlevåg in Finnmark. Production licence 708 was awarded on 21 June 2013 (22nd licensing round). 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 prior to commencing the drilling activity.

13 Nov 2015

Lundin Petroleum spuds exploration well on the Lorry prospect, offshore Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 6407/10-4 on the Lorry prospect. The well 6407/10-4 will explore the Lorry prospect in PL700, located on the northern part of the Frøya High in the Norwegian Sea approximately 17 km northeast of VNG Norge operated .... [+ read more] Pil and Bue discoveries in the Halten Terrace. The reservoir is expected to consist of Upper Jurassic sandstone. The Lorry prospect is estimated to contain gross unrisked prospective resources of 151 million barrels of oil equivalents (MMboe). The planned total depth is approximately 3,104 metres below mean sea level and the well will be drilled with the semi-submersible drilling unit Island Innovator. The drilling operation is expected to take approximately 60 days. Lundin Norway is the operator of PL700 with a 40 percent working interest. The partners are Bayerngas Norge AS, GDF SUEZ E&P Norge AS and VNG Norge AS with 20 percent each.

13 Nov 2015

Drilling permit for well 7130/4-1 in production licence 708

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1, cf. Section 8 of the Resource Management Regulations. Well 7130/4-1 will be drilled from the Transocean Arctic drilling facility in position 71°31’55.66? north and 30°10’07.90? east, after completing the drilling of wildcat well 6406/12-5 S in production licence 586 for VNG Norge AS. The drilling .... [+ read more] programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent). The area in this licence consists of block 7130/7 and the southern half of block 7130/4. The well will be drilled about 85 kilometres north of Berlevåg in Finnmark. Production licence 708 was awarded on 21 June 2013 (22nd licensing round). 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 prior to commencing the drilling activity.

13 Nov 2015

Roc-1 well update

Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to advise that the operator of the Roc-1 well, Quadrant Energy has now received the Noble Tom Prosser drilling rig. The rig will mobilise to the Roc-1 well site in WA-437-P and prepare for spud around 17 November 2015. The Roc-1 well will target the same Lower Keraudren reservoir in which oil was discovered .... [+ read more] in the 2014 Phoenix South-1 well by the same joint venture partners in the adjoining WA-435-P. Contingent on the success case, the plan is to re-enter the Roc-1 well bore in Q3, 2016 for comprehensive testing (including flow testing) and coring.

12 Nov 2015

Harland and Wolff completes Byford Dolphin Contract

Harland and Wolff completed the dry docking and SPS Class Renewal Survey of the Byford Dolphin Mobile Offshore Drilling Unit (MODU) during the summer. The rig left Belfast following a six-month dry docking in the ship yard's main Building Dock. Harland and Wolff Director of Marine and Offshore Unit Repair, James Lappin, said "Over the years Harland and Wolff and .... [+ read more] Dolphin Drilling have collaborated on several occasions, having fabricated pontoons, column extensions, power generation and accommodation modules for other vessels in the Dolphin fleet."

12 Nov 2015

Kosmos Energy Makes Second Major Gas Discovery Offshore Mauritania

Kosmos Energy (NYSE: KOS) announced today that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a significant, play-extending gas discovery. This is the company’s second major discovery of 2015. Based on preliminary analysis of drilling and wireline logging results, Marsouin-1 encountered at least 70 meters (230 feet) of net gas pay in .... [+ read more] Upper and Lower Cenomanian intervals comprised of excellent quality reservoir sands. Located approximately 60 kilometers north of the basin-opening Tortue-1 gas discovery (renamed Ahmeyim), Marsouin-1 was drilled in nearly 2,400 meters of water. “Marsouin-1 is our second major discovery of 2015, extending our 100 percent success rate in the outboard Cretaceous petroleum system offshore Mauritania and Senegal. Well-to-seismic calibration has significantly de-risked the discovered resource base, as well as future prospects in the basin. Importantly, the well results have validated our charge model and given us growing confidence in our ability to predict the oil and gas potential of this emerging, large-scale petroleum system. We have a disciplined exploration and appraisal program planned to further unlock the basin,” said Andrew G. Inglis, chairman and chief executive officer. The Atwood Achiever drillship will now proceed to the Ahmeyim-2 location in the southern part of Mauritania’s Block C-8 where it will drill the top-hole section of the well. The drillship is then expected to sail to Senegal where it will spud Guembeul-1, the first in a series of wells to delineate the Greater Tortue area, before year-end.

10 Nov 2015

Dry well near the Njord field in the Norwegian Sea – 6406/12-5 S

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat well 6406/12-5 S. The well has been drilled about 33 kilometres southwest of the Njord field and about five kilometres southeast of the 6406/12-3 S (Pil) discovery in the Norwegian Sea. The purpose of the well was to prove petroleum in reservoir .... [+ read more] rocks from the Upper Jurassic (the Rogn and Melke formations). The well encountered about 12 metres of sandstone in the Rogn formation with moderate reservoir quality. The well also encountered 31 metres of sandstone in intra Spekk formation and 182 meters of sandstone in the Melke formation, both with moderate reservoir quality. The reservoir only has traces of oil. The well is classified as dry. Data acquisition and sampling have been carried out. This is the sixth exploration well in production licence 586. The licence was awarded in APA 2010. Well 6406/12-5 S was drilled to a vertical depth of 3710 metres and a measured depth of 4297 metres below the sea surface and was terminated in the Melke formation in the Upper Jurassic. The water depth at the site is 336 metres. The well will now be permanently plugged and abandoned. Well 6406/12-5 S was drilled by the Transocean Arctic drilling facility, which now will drill wildcat well 7130/4-1 in production licence 708 in the Barents Sea, where Lundin Norway AS is the operator.

10 Nov 2015

Paragon Extends Delivery of High Specification Jackup Prospector 7

Paragon offshore has reported that one of its wholly-owned subsidiaries has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., LTD., to push back the delivery date of the high specification Friede and Goldman JU-2000E jackup Prospector 7 jackup rig by 12 months after the unit has been technically accepted. The unit will now be delivered from the yard towards the end .... [+ read more] of December 2016.

10 Nov 2015

Sea Lion-1 Final Drilling Progress Report

3D Oil Limited (ASX: TDO) advises that wireline evaluation and sampling of formation fluids over zones of interest identified on preliminary Sea Lion -1 data have been completed. This work has confirmed that no zones of commercial hydrocarbons were encountered in the Sea Lion-1 well. Current operation is running out of the hole with logging tools. Forward operations are to plug .... [+ read more] and abandon the Sea Lion -1 well and to de-mobilise the West Telesto drilling rig from the site. This is the final Drilling Progress Report for Sea Lion -1. TDO will advise when all site operations are compete and the West Telesto has been released. Sea Lion is located in offshore Gippsland Basin permit VIC/P57 where 3D Oil has a 24.9% interest in Vic/P57 while the company’s share of Sea Lion-1 well costs is being carried up to the extent of US$7.5 million as part of an agreement with joint venture operator Carnarvon Hibiscus Pty Ltd (‘CHPL’) the wholly owned subsidiary of Hibiscus Petroleum.

10 Nov 2015

Atwood Oceanics Announces Contract Extension for the Atwood Advantage

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries agreed to an extension and rate adjustment to its existing contract with Noble Energy, Inc. for the ultra-deepwater rig, the Atwood Advantage, effective November 9, 2015. The agreement is to extend the contract for the purposes of a plugging and abandoning four well program in the Gulf .... [+ read more] of Mexico that has an estimated duration of one hundred and twenty (120) days during the contract term and is anticipated to occur in 2016. This extension adjusts the operating day rate to approximately $240,000 per day only during the four plug and abandon wells and makes the new contract expiry date approximately August 2017.

10 Nov 2015

Atwood Oceanics announces that it has been chosen for exclusive negotiations for one of its drillships under construction

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has received a letter confirming that it has been chosen to enter exclusive negotiations with an undisclosed operator to conclude agreement on a drilling program offshore Brazil commencing in the third quarter of 2017. The letter specifies that either the Atwood Admiral or Atwood Archer, ultra-deepwater drillships .... [+ read more] currently under construction at the Daewoo Shipbuilding & Marine Engineering Co., Ltd yard in South Korea, would be contracted to drill the program. The letter specifies a number of contractual items that have been agreed by the parties, including the commercial rates, well count, minimum term length, and rig acceptance criteria.

10 Nov 2015

Atwood Oceanics announces hat it has been chosen for exclusive negotiations for one of its drillships under construction

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has received a letter confirming that it has been chosen to enter exclusive negotiations with an undisclosed operator to conclude agreement on a drilling program offshore Brazil commencing in the third quarter of 2017. The letter specifies that either the Atwood Admiral or Atwood Archer, ultra-deepwater drillships .... [+ read more] currently under construction at the Daewoo Shipbuilding & Marine Engineering Co., Ltd yard in South Korea, would be contracted to drill the program. The letter specifies a number of contractual items that have been agreed by the parties, including the commercial rates, well count, minimum term length, and rig acceptance criteria.

9 Nov 2015

Lundin Petroleum commences Selada exploration well, offshore Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has commenced drilling of the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well will target hydrocarbons in Miocene aged sands and is located 14 km to the south of the Bertam field operated by Lundin Malaysia. The Selada-1 exploration well .... [+ read more] will be drilled with the West Prospero jack-up rig to a total depth of approximately 1,700 metres below mean sea level. The drilling of the well is expected to take approximately 30 days. Lundin Malaysia is the operator of and holds a 75 percent working interest in PM308A with PETRONAS Carigali Sdn Bhd holding a 25 percent working interest. Lundin Malaysia operates seven blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328, SB303 and SB307/308.

6 Nov 2015

Lundin Petroleum update on Neiden exploration well, Barents Sea South

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully drilled a section of the exploration well 7220/6-2 on the Neiden prospect in PL609. Drilling operations on exploration well 7220/6-2 on the Neiden prospect have now been temporarily suspended due to winter restrictions on the use of the Island Innovator drilling rig in .... [+ read more] the Barents Sea South. Operations to complete the well are expected to resume next year. Lundin Norway is the operator of and holds a 40 percent working interest in PL609. Partners are DEA Norge AS and Idemitsu Petroleum Norge AS with a 30 percent working interest each.

5 Nov 2015

SNE-2: First appraisal well starts drilling offshore Senegal

The first appraisal well to be drilled on the SNE oil field located 100km offshore Senegal has been spudded. The SNE-2 well will be drilled in approximately 1,100 metres of water and drilled to a TDVSS (total vertical depth subsea) of approximately 2,770 metres before an evaluation program including logging, coring and flow testing is undertaken. Three evaluation wells, SNE-2, SNE-3 .... [+ read more] and BEL-1, will be drilled back to back in a program that is estimated to be completed in mid-2016. Both SNE-2 and SNE-3 appraisal wells will be logged, cored and flow tested. The aim of the appraisal program is to progress towards proving a minimum economic field size for the SNE discovery, which FAR estimates to be approximately 200 million barrels of oil. In addition, the BEL-1 well will drill the Bellatrix exploration prospect which will evaluate the untested Buried Hills play. BEL1 will also appraise the northern portion of the SNE oil field (refer Figures 1, 2). For reasons of operational efficiency, the top hole of SNE-3 was drilled prior to the spud of SNE-2 (to a depth of 1,750 metres) by the Ocean Rig Athena (refer ASX announcement 2 Nov 2015). Drilling of the SNE-2 well is expected to take approximately 5 weeks after which the logging and flow testing program will commence. On completion of the operations on SNE-2, SNE-3 will be re-entered and drilling and evaluation will be carried out on SNE-3 before commencement of the BEL-1 well. FAR and its joint venture partners will be operating a tight hole policy, and therefore FAR does not anticipate making any further announcements regarding the drilling program until the SNE-2 well has reached TDVSS.

3 Nov 2015

Seafox Ahmed

Seafox Ahmed is a three-legged, self-elevating jack-up unit for accommodation and offshore support services built in Vicksburg, Mississippi (USA), by Marathon LeTourneau. She was originally converted to a jack-up ASV in 1993 by Lamprell, in Sharjah, UAE. The last upgraded took place in 2007 and the next Special Survey will take place end of 2015. The maximum Person on Board .... [+ read more] (POB) capacity for this vessel is 300 in her current configuration (250 Client POB). Seafox Ahmed has a maximum water depth operating capability of 300 feet. She has three cranes, with a maximum lift of 110 MT. She also has 600 m² of free deck space. The high quality of life on board is thanks to various leisure facilities and additional health and well-being amenities.

3 Nov 2015

Blink well results

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Blink exploration well in the Norwegian Sea (Faroe 25%). The objective of well 6406/12-5 S was to test the hydrocarbon potential of the Upper Jurassic reservoirs analogous to the Pil, Bue, Boomerang and Draugen field .... [+ read more] reservoirs. The well encountered a 557 metre gross section of Upper Jurassic sandstone following a technical sidetrack (6406/12-5 S T2). The well reached a total vertical depth of 3,710 metres below sea level and preliminary analysis from wireline logs, pressure and fluid sampling shows that the well encountered clean water-wet sandstones with good reservoir properties but with no indications of hydrocarbons. The 6406/12-5 S (Blink) well was drilled on the Halten Terrace, approximately 27 kilometres south west of the Njord field and five kilometres north east of the Pil discovery well. Well 6406/12-5 S followed on directly from the Boomerang exploration well which encountered a 26 metre gross Upper Jurassic intra-Spekk/Rogn sandstone containing estimated recoverable resources of between 13 and 31 million barrels of oil equivalent. Graham Stewart, Chief Executive of Faroe Petroleum commented: “Whilst the results of the Blink well, the last in this year’s campaign, are disappointing we look forward to advancing the options for monetising the significant combined Pil, Bue and Boomerang discoveries, on which the Blink well result has no bearing. “The Company continues to perform very well despite continuing low oil prices, with low operating costs, a good cash position and strong production rates. Faroe’s consistent strategic focus and prudent approach to financial management have ensured that we have a strong balance sheet and are well placed to progress our portfolio work programme and take advantage of further good quality emerging opportunities.”

2 Nov 2015

Results of G4/50-10 Exploration Well

Ophir announces that it has completed operations on the G4/50-10 exploration well that was testing the Soy Siam prospect. The well reached a total depth of 1,627 metres (True Vertical Depth Sub-Sea) and encountered the primary Miocene reservoir targets on prognosis in terms of both reservoir quality and depth. However, all reservoirs were dry and no hydrocarbon shows were encountered. The .... [+ read more] well has therefore been plugged and abandoned as a dry hole. Preliminary well failure analysis suggests that the structure had no access to charge, which was identified pre-drill as one of the key risks. The rig will now move to drill the Parichat South West prospect. This well is independent of Soy Siam as it is testing a different petroleum system. The Parichat complex is a cluster of four fault blocks located 30 km south of the Bualuang field that have potentially been charged from deeper in the South Western Sub-Basin. Each fault block has multiple stacked, Miocene and Oligocene reservoir targets. The South West fault block is the initial target with a mean prospective resource of 25 MMbo and a 32% chance of success. If successful, the Parichat South East fault block would form an immediate follow on location.

2 Nov 2015

Drilling commences offshore Senegal

Drilling has started on the appraisal program to evaluate the world class SNE oil discovery offshore Senegal. The three wells SNE-2, SNE-3 and BEL-1 will be drilled back to back in a program that is estimated to be completed in mid-2016. Both SNE-2 and SNE-3 appraisal wells will be logged, cored and flow tested. The aim of the appraisal program is .... [+ read more] to progress towards proving a minimum economic field size for the SNE discovery, which FAR estimates to be approximately 200 million barrels of oil. In addition the BEL-1 well will also evaluate the Bellatrix prospect which lies on the untested Buried Hills exploration play (refer Figures 1, 2). For reasons of operational efficiency, the top hole of SNE-3 will be drilled first by the Ocean Rig Athena. The rig will be then be mobilised to the SNE-2 well location where SNE-2 will then be drilled to total depth (TD). Operations on the top hole of the SNE-3 well and drilling to total depth (TD) on the SNE-2 well are expected to last approximately 6 weeks after which the coring, logging and flow testing program will commence on SNE-2. On completion of the operations on SNE-2, SNE-3 will be re-entered and drilling and evaluation will be carried out before commencement of the BEL-1 well.

2 Nov 2015

Contract Extension Agreed on the Ocean Courage

As announced in Diamond Offshore’s November fleet status report, the company has agreed to terminate the drilling contracts on the Ocean Clipper and Ocean Alliance early and add 875 days to the end of the current term of the Ocean Courage at the rate of US$380,000 per day. The agreement has now been approved by Petrobras. Diamond Offshore is now finalising .... [+ read more] the amendments to the drilling contracts.

2 Nov 2015

Ocean Clipper to be Retired

According to Diamond Offshore's fleet status report, the Ocean Clipper has been retired and is now preparing for exportation from Brazil. The asset is due to be scrapped. The remaining contract term on the Ocean Clipper has been added to the Ocean Courage. .... [+ read more]

2 Nov 2015

Cancellation of the Songa Trym drilling contract

Songa Offshore SE (the "Company") has received a notice of cancellation of the drilling contract with Statoil for Songa Trym when the current well, Tarvos, is completed around 12 November 2015. The Company will receive a contractual cancellation fee based on the current full day rate of USD 377,000 and the contractual end date early March 2016. The rig .... [+ read more] will after the Tarvos well be stacked while marketed for new employment.

30 Oct 2015

Pacific Drilling Rescinds Pacific Zonda Construction Contract

Pacific Drilling S.A. announced that it has exercised its right to rescind the construction contract for ultra-deepwater drillship Pacific Zonda due to the failure by Samsung Heavy Industries (SHI) to timely deliver a vessel that substantially meets the criteria required for completion of the vessel in accordance with the construction contract and its specifications. Pacific Drilling made advance payments totaling approximately .... [+ read more] $181.1 million under the contract, and will be seeking a refund of the installment payments.

29 Oct 2015

53/02-01 Humpback exploration well results

Falkland Oil and Gas Limited (AIM:FOGL), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, announces the results from the 53/02-01 Humpback exploration well and also, notes the announcement from the Operator, Noble Energy made at 20:30 on 28 October 2015. The Humpback well was drilled to a total depth .... [+ read more] of 5,136 meters (measured depth). The well encountered non-commercial quantities of oil and gas within a number of sandstone intervals, including the main APX-200 target. All of the pre-drill targets were penetrated close to prognosis in the well. An additional 25 meters of sandstone was encountered below the APX-200 bringing the total in the well to 65 meters. The deeper sandstones, exhibit only moderate porosity (10% to 15%) and low hydrocarbon saturations. For a number of operational reasons, it was not possible to obtain fluid samples from any of the hydrocarbon bearing zones in the well. FOGL will now evaluate these results in more detail and assess the impact on the prospectivity of the Diomedea fan complex and the rest of the southern licences. The results do however demonstrate a working hydrocarbon system and Humpback was only one of a number of geological plays within the Fitzroy sub-basin. Importantly the results will allow calibration of the 3D seismic data and this may facilitate the mapping of higher quality sands elsewhere within the large area covered by 3D seismic. Once operations have been completed on Humpback, the Eirik Raude rig will return to the North Falklands Basin to drill a second well on the Elaine/Isobel fan complex. The Elaine/Isobel fan complex, based on the operator’s estimates, has multiple reservoir targets and gross mean un-risked resources of 400 million barrels of oil. A further announcement will be made on the commencement of this well.

28 Oct 2015

Primeline Completes LS23-1-1 Well and Will Continue with Drilling of LS30-3-1 Well

Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSXV: PEH) today announces that it has completed the drilling operations of the LS23-1-1 well and will now continue with the exploration drilling programme for the LS30-3-1 well. The LS23-1-1 well was spudded on September 23 and reached total depth (TD) of 2,666m on October 21, 2015 and wireline logging data was .... [+ read more] subsequently acquired. The well encountered sandstone units of Paleocene and early Cretaceous age, drilling through the geological sequence as anticipated and finished in basement rock. It discovered several zones of gas bearing sandstone and evaluation of logging data indicated total cumulative net pay thickness of 14 metres. The LS23-1 prospect is a technical discovery of hydrocarbon but not likely to be a commercial discovery. Therefore Primeline has plugged and abandoned the well and will proceed with the drilling of the LS30-3-1 well on the basis of the agreed two well work programme. LS30-3-1 is located approximately 20km north of the LS36-1 gasfield platform and is targeting a large channel sand prospect. The prospect was originally mapped in 2009/2010 and refined during the 2014/2015 evaluation. The planned TD of the well is 1,800m, targeting the same reservoir as that of the LS36-1 gasfield. The drilling rig HYSY941 is currently conducting the final operations for the LS23-1-1 well. Once completed, Primeline’s contractor China Oilfield Service Ltd plans to mobilise the rig to the LS30-3-1 location subject to weather and sea conditions, allowance for necessary equipment maintenance and preparation and approval of the operation licence. A separate announcement will be made when the drilling operation of LS30-3-1 commences.

28 Oct 2015

Atwood Oceanics Announces Contract Extension for the Atwood Orca

Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries had agreed to a nine-month extension and rate adjustment to its existing contract with Mubadala Petroleum (SE Asia) Limited (“Mubadala Petroleum”) for the ultrapremium jackup, the Atwood Orca, effective November 1, 2015. The Atwood Orca commenced its drilling services contract with Mubadala Petroleum for operations offshore Thailand on April .... [+ read more] 29, 2013. The extension continues the drilling services until the new contract end date of October 28, 2016. Additionally, the agreement adjusts the operating day rate to approximately $85,000 from November 1, 2015 until the new contract end date.

28 Oct 2015

Keppel FELS delivers eighth rig of the year safely and on time

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered ARABDRILL 70, a KFELS B Class jackup rig, to Arabian Drilling Company (ADC). It was completed three days ahead of schedule, on budget and with a perfect safety record. ARABDRILL 70 is the fourth KFELS B Class jackup rig to work for ADC. .... [+ read more]

28 Oct 2015

Keppel FELS delivers eighth rig of the year safely and on time

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered ARABDRILL 70, a KFELS B Class jackup rig, to Arabian Drilling Company (ADC). It was completed three days ahead of schedule, on budget and with a perfect safety record. ARABDRILL 70 is the fourth KFELS B Class jackup rig to work for ADC. .... [+ read more]

27 Oct 2015

Bollsta Dolphin - Termination of Construction Contract and Drilling Contract

Bollsta Dolphin Pte. Limited (“Bollsta”), a wholly owned subsidiary of Fred. Olsen Energy ASA (“FOE”), has notified Hyundai Heavy Industries Co., Ltd. Korea (“HHI”) that it has exercised its contractual termination right under a newbuilding contract between HHI and Bollsta for the construction of a semi-submersible drilling rig (the “Rig”) as a result of delay in delivery of the Rig. .... [+ read more] The rig construction contract provides that on termination Bollsta will be entitled to a refund of the first instalment paid to HHI of USD 186,390,240 plus accrued interest. The Rig was on 26 October 2012 contracted by Dolphin Drilling Ltd., another wholly owned subsidiary of FOE (“DDL”), to Chevron North Sea Limited (“CNSL”). CNSL (as operator on behalf of its coventurers) and DDL have mutually terminated the drilling contract on amicable terms.

26 Oct 2015

Transocean Ltd. Announces Ultra-Deepwater Drillship Delivery Delays For Deepwater Pontus, Deepwater Poseidon

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today a mutual agreement with its customer, Shell EP Wells Equipment Wells Services B.V. (Shell), and the shipyard, Daewoo Shipbuilding & Marine Engineering Co. (DSME), to delay the operating and delivery contracts of two newbuild ultra-deepwater drillships - the Deepwater Pontus and the Deepwater Poseidon - by 12 months each. The delay has .... [+ read more] no impact on the duration or dayrate of the original 10-year operating contracts for each of the two newbuild ultra-deepwater drillships. Parties will be compensated for the postponement. The specific terms are not disclosed. The delivery and operating agreements for Shell's two other contracted Transocean newbuild, ultra-deepwater drillships, the Deepwater Thalassa and Deepwater Proteus, are not impacted by this agreement. "We are pleased that the strength of our relationships with both Shell and DSME has enabled us to reach this mutual agreement," said Transocean President and Chief Executive Officer Jeremy Thigpen. "We are excited by the progress that we have jointly made with Shell on all four high-specification, ultra-deepwater drillships, including the Deepwater Thalassa, which was delivered this September, and the Deepwater Proteus, which is scheduled for delivery this December."

26 Oct 2015

Sea Lion-1 Drilling Commenced

3D Oil Limited (ASX: TDO) is pleased to announce that the Sea Lion-1 exploration well commenced drilling operations today at 12:45 pm Melbourne time. The well is being drilled by the West Telesto jack up rig which arrived on site 22 October 2015. Sea Lion is located in offshore Gippsland Basin permit VIC/P57 where 3D Oil has a 24.9% interest in .... [+ read more] Vic/P57 while the company’s share of Sea Lion-1 well costs is being carried up to the extent of US$7.5 million as part of an agreement with joint venture operator Carnarvon Hibiscus Pty Ltd (‘CHPL’) the wholly owned subsidiary of Hibiscus Petroleum. The planned total depth of the Sea Lion-1 well is 1800m and operations are scheduled to take a total of approximately 3 - 4 weeks. Sea Lion is considered highly prospective as it is on a proven oil-producing trend, and represents one of the last undrilled 4-way dip closures at the prolific ‘Top Latrobe’ level in the Gippsland Basin. The combination of prominent mapped depth structure and the likely presence of thick high quality reservoir sands overlain by the regional seal provides the ingredients of a high quality target. An independent report has assessed the Sea Lion most likely (P50) Prospective Resource at 11.0MMbbl of oil (combined probabilistic estimate for the three main target levels).

26 Oct 2015

Lundin Petroleum completes the Mengkuang-1 exploration well, offshore Malaysia

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has made a small gas discovery with the Mengkuang-1 exploration well in license PM307, offshore Malaysia. The well targeted hydrocarbons in Miocene aged sands 75 km to the northwest of the Bertam field operated by Lundin Malaysia. Mengkuang-1 was drilled with the West Prospero jack-up .... [+ read more] rig to a total depth of 1,259 metres below mean sea level. The well encountered 9 metres of gas pay in the I-35 group Miocene channel sands. The well was plugged and abandoned. Lundin Malaysia holds 75 percent working interest in PM307. Partner is PETRONAS Carigali Sdn Bhd with 25 percent working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328 and SB307/308.

22 Oct 2015

Hyundai asks for more time and money to complete 'Bollsta Dolphin'

Bollsta Dolphin Pte. Ltd (“Bollsta”), a wholly owned subsidiary of Fred. Olsen Energy ASA (“FOE”), today received a notice of arbitration from Hyundai Heavy Industries Co. Ltd. (“HHI”). HHI alleges that it is entitled to an additional payment of about USD167 million and additional time to complete and deliver a Semi-Submersible Drilling Unit which is under construction by HHI pursuant to .... [+ read more] a newbuilding contract that was entered into between HHI and Bollsta in 2012. Reference in this regard is made to our previous announcement to the Oslo Stock Exchange on 25 May 2012. FOE believes that HHI claim’s is considered unfounded.

21 Oct 2015

Ophir Energy begins new exploration campaign in Thailand

Ophir Energy Plc (“Ophir”) has announced that it has commenced a two well exploration drilling program in Block G4/50, in the western Gulf of Thailand with the spud of G4/50-10 exploration well on the Soy Siam prospect. The G4/50 Block partly surrounds Ophir’s producing Bualuang oil field and spans a series of Tertiary aged sub-basins in the western Gulf of Thailand. .... [+ read more] The two well program will test whether there is a working hydrocarbon system in one of these, the presently undrilled South Western Sub-Basin. The main play risk is considered to be charge, specifically source distribution and maturity. The Soy Siam Prospect comprises a single fault block which has potentially been charged from both the Bualuang and South Western Sub-Basins. The G4/50-10 well is targeting Miocene sandstones that are the age equivalent of the producing reservoirs in the Bualuang oil field, located 15 km to the north. The Soy Siam Prospect has 25 MMbo of mean prospective resource and a 21% chance of success. On completion of the G4/50-10 well, the rig will move to drill the Parichat South West (SW) prospect. The Emerald Driller jackup rig is being used for the G4/50 drilling programme. The estimated cost of the two well program is USD18 million and it is expected to take approximately 50 days to complete.

19 Oct 2015

'Ocean Rig Athena' enroute to Senegal

FAR Limited (“FAR”) has announced that the Ocean Rig Athena drillship has commenced mobilisation from Luanda, Angola in preparation for the appraisal and exploration drilling program in FAR’s highly prospective blocks, offshore Senegal. The SNE discovery made in late 2014 will be appraised with the first two wells in the three well drilling program. The firm drilling program will include a .... [+ read more] coring and testing program, two appraisal wells for SNE (SNE-2 and SNE- 3) plus one shelf exploration well (BEL-1) to further evaluate the shelf area prospectivity. The three wells will be drilled, logged, cored and tested in a program expected to be completed by mid-2016. BEL-1 will be the first exploration well to be drilled in the blocks following the discoveries in the FAN-1 and SNE- 1 wells.

16 Oct 2015

Lundin spuds exploration well at Rolvsnes prospect

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has commenced drilling of exploration well 16/1-25 S on the Rolvsnes prospect in PL338C. The well is located approximately 6 km south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS). Well 16/1-25 S will .... [+ read more] explore the Rolvsnes area, located between the Edvard Grieg field and the Luno II discovery. The main objective of well 16/1-25 S is to test the hydrocarbon potential in thin Jurassic/Cretaceous sandstone reservoir overlying porous fractured basement. Lundin Petroleum estimates the Rolvsnes prospect to contain gross unrisked prospective resources of 107 million barrels of oil equivalents (MMboe). The planned total depth is approximately 2,275 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 45 days. Lundin Norway is the operator of PL338C with 50 percent working interest. The partners are Lime Petroleum Norway AS with 30 percent and OMV (Norge) AS with 20 percent working interest.

16 Oct 2015

Lundin Petroleum spuds exploration well on the Rolvsnes prospect, south of the Edvard Grieg field, offshore Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 16/1-25 S on the Rolvsnes prospect in PL338C. The well is located approximately 6 km south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS). Well 16/1-25 S will .... [+ read more] explore the Rolvsnes area, located between the Edvard Grieg field and the Luno II discovery. The main objective of well 16/1-25 S is to test the hydrocarbon potential in thin Jurassic/Cretaceous sandstone reservoir overlying porous fractured basement. Lundin Petroleum estimates the Rolvsnes prospect to contain gross unrisked prospective resources of 107 million barrels of oil equivalents (MMboe). The planned total depth is approximately 2,275 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 45 days. Lundin Norway is the operator of PL338C with 50 percent working interest. The partners are Lime Petroleum Norway AS with 30 percent and OMV (Norge) AS with 20 percent working interest.

16 Oct 2015

Sea Lion-1 set to spud

3D Oil Limited (ASX: TDO) is pleased to announce that the Sea Lion-1 exploration well is expected to spud late next week with the West Telesto jack up rig now mobilised from its previous assignment. 3D Oil has a 24.9% interest in the Vic/P57 exploration permit, in which the well is located, while the company’s share of well costs is being .... [+ read more] carried up to the extent of US$7.5 million as part of an agreement with joint venture operator Carnarvon Hibiscus Pty Ltd (‘CHPL’) the wholly owned subsidiary of Hibiscus Petroleum. The planned Total Depth of the well is programmed for 1800m and scheduled to take approximately 3 weeks. Sea Lion is considered highly prospective as it is on a proven oil-producing trend, and represents one of the last undrilled 4-way dip closures at the prolific ‘Top Latrobe’ level in the Gippsland Basin. The combination of prominent mapped depth structure and the likely presence of thick high quality reservoir sands overlain by the regional seal provides the ingredients of a high quality target. An independent report has assessed the Sea Lion most likely (P50) Prospective Resource at 11.0MMbbl of oil (combined probabilistic estimate for the three main target levels).

16 Oct 2015

Panoro Energy Provides Operational Update

The Aje-5 production well located on the OML 113 license, offshore Nigeria, has been successfully completed and the reservoir has been perforated in the Upper and Lower Cenomanian Oil bearing zones. The subsea tree has been installed and the well has been suspended ready for connection to the oil production facilities prior to commencement of production. The Saipem Scarabeo 3 .... [+ read more] semi-submersible drilling rig has been moved to re-enter the existing Aje-4 well for completion as a second Cenomanian production well. All key equipment related to the Aje oilfield development has now been delivered to Lagos, including the FPSO moorings and turret buoy, the production manifold, the umbilical termination assembly, and the umbilicals and flowlines. In addition, the ongoing refurbishment of the Front Puffin FSPO is on schedule and it is anticipated that the vessel will sail from Singapore approximately six weeks prior to its installation date. Panoro currently estimates the project timing and costs to be largely on track, although for planning purposes, the Company is now projecting that first oil should take place towards the end of January 2016.

16 Oct 2015

North Dragon Sea Trial

According to a press release on North Sea Rigs website, the North Dragon semisub successfully completed a sea trial on Friday 16 October 2015. .... [+ read more]

15 Oct 2015

Cosco agrees to further delay in delivery of 'Sevan Developer'

Sevan Drilling Limited (“Sevan Drilling”) has made reference to a press release dated 16th October 2014 regarding delivery of the Sevan Developer semisub. Sevan Drilling and Cosco have agreed to delay the end of the first deferral period from 15th October 2015 to 1st November 2015 in order to continue negotiations of the first six-month option period. .... [+ read more]

14 Oct 2015

'Ocean Rig Athena' to mobilise to Senegal in the coming days

FAR Limited (“FAR”) and its Senegal joint venture partners have executed contracts for the use of the Ocean Rig Athena drillship for a drilling program in FAR’s highly prospective offshore Senegal Blocks starting in the coming weeks. The Ocean Rig Athena is under long term contract with ConocoPhillips and the ConocoPhillips drilling organisation will play a key role in project managing .... [+ read more] the drilling program. The drillship is currently in Angola and FAR expects it will commence mobilisation to Senegal in the next few days. The firm drilling program includes three wells including two appraisal wells on the world class SNE-1 oil discovery that will include a coring and testing program, plus one shelf exploration well to further evaluate the shelf area prospectivity. This drilling, logging, coring and testing program is expected to be completed by mid- 2016. The first two wells (SNE-2 and SNE-3) will be drilled to appraise the SNE field and are aimed at progressing towards proving the threshold economic field size which FAR estimates is in the order of 200 mmbbls for a foundation project. The third well (BEL-1) in the drilling program will be the first exploration well to be drilled in the blocks following the discoveries in the FAN-1 and SNE-1 wells. This well will be aimed at building the resource base within tie-back range of a possible future hub development over the SNE field. It will be drilled into the Bellatrix Prospect which has been mapped by FAR to contain 168 mmbbls of oil on a gross, unrisked, prospective resource basis with 25 mmbbls net to FAR. The day rate for drilling for the Senegal joint venture has been adjusted downwards to reflect prevailing market conditions, where day rates have dropped by up to 50% for deep water drilling units offshore Africa. These reduced rates are expected to allow the drilling and testing program to be completed for a heavily reduced cost in comparison to what was envisaged 12 months ago under a higher oil price environment.

14 Oct 2015

Lukoil announces new discovery in Romania

PJSC LUKOIL (“Lukoil) has announced the completion of drilling operations at the Lira-1X exploration well location and the discovery of a gas field in the Lira offshore structure, which is located at the Trident block (EX-30) in the deep-sea Romanian offshore. Exploration on the EX-30 block is conducted by LUKOIL Overseas Atash BV (100-% subsidiary of Lukoil) within the framework of .... [+ read more] the Concession Agreement with the Government of Romania of 2011. Currently Lukoil’s share in the project is 72%, while PanAtlantic Petroleum Ltd owns 18% and Societatea Nationale de Gaze Naturale Romgaz SA owns 10%. The Lira-1X well is located at a distance of about 170 km (90 miles) from the coast, where the depth of the sea is about 700 meters. The well was drilled to a depth of 2,700 meters (8,858 feet) from the semisub drilling rig Development Driller II. The well was temporarily abandoned for further evaluation of the Lira gas discovery. According to preliminary results of the analysis of drilling data and geophysical exploration, the Lira-1X delivered a productive interval with an effective gas-saturated thickness of 46 meters. The success of the Lira-1X well will reduce the risk for further exploration on a series of prospective sites with significant potential reserves, located both close to the Lira structure and in other parts of the block. The program of future works planned for 2016 includes drilling an exploration well at the Lira and the reprocessing of seismic data to confirm the size of the discovery and precise assessment of its potential hydrocarbon reserves.

13 Oct 2015

Repsol drills duster in Norwegian Sea

Repsol Norge AS, operator of production licence 642, is in the process of concluding the drilling of wildcat well 6306/5-2. The well is dry. The well was drilled about 65 kilometres southwest of the Njord field and 35 kilometres southeast of the 6406/12-3 S and A discoveries (Pil and Bue) in the Norwegian Sea. The objective of the well was to .... [+ read more] prove petroleum in Upper Jurassic reservoir rocks (the Rogn formation) and Upper Jurassic reservoir rocks (the Melke formation). Well 6306/5-2 encountered an approx. 12-metre thick sandstone layer in the Rogn formation, with good reservoir quality. The well also encountered 247 metres of sandstone in the Melke formation with moderate reservoir quality. The well is dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 642, which was awarded in APA 2011. Well 6306/5-2 was drilled to a vertical depth of 3192 metres below the sea surface and was terminated in the Melke formation in the Upper Jurassic. Water depth at the site is 226 metres. The well will now be permanently plugged and abandoned. Well 6306/5-2 was drilled by the Bredford Dolphin drilling facility, which will now proceed to drill wildcat well 16/1-25 S in production licence 338 C in the North Sea, where Lundin Norway AS is the operator.

12 Oct 2015

Mærsk Deliverer back on the job

Mærsk Deliverer has successfully completed her five-yearly special periodic survey (SPS) yard stay ahead of time. The scope for the yard stay was extensive, with more than 210 job packages and 584 work orders that needed to be completed within 35 days along keyside - which makes for a very efficient and successful SPS yard stay. The scope, among others, involved .... [+ read more] Class recertification, BOP upgrade & overhaul and overhaul of the entire drilling package. Deliverer has now successfully resumed drilling operations offshore Angola. Ahead of the Mærsk Deliverer yard stay, a tremendous amount of planning and scheduling has been carried out. This was done across different departments and teams both onshore and offshore, and according to Project Manager Morten Svanholt, part of the success is due to the increased focus on teamwork. “We could not have carried out such a successful yard stay without involving the many different stakeholders from across the company. Knowledge sharing and teamwork have been essential elements in planning this project, and we will put even more emphasis on this in future projects”. CTO in Maersk Drilling, Frederik Smidth, agrees, and stresses that this achievement is no small matter to him either. “I am really proud of the team of both offshore and onshore colleagues, who have worked very hard to make this project such a success. The team has managed to complete more than 210 activities on board the Mærsk Deliverer over a very short period of time. Every minute counts in our line of business, and when we work together we can optimise the impact that these yard stays have.” says Frederik Smidth, Chief Technical Officer, Maersk Drilling. From the outset, planning has been a crucial part of the Mærsk Deliverer project and has contributed significantly to the success of the yard stay as a whole. Going forward, optimisation of the yard stay process will be a key focus area for Technical Organization and Operations in Maersk Drilling. “A yard stay equals time where the rig does not earn any money, but rather spend them instead. When we can optimise and make these yard stays more efficient, we can drive down the cost. The team has done a tremendous job in making this yard stay efficient, while still maintaining a safe environment for everyone working on the rig. That is no easy job – well done! This is a great start, but we will need to work even harder to limit the impact that yard stays have on our daily operations,” says Claus Bachmann, Asset Manager for Deepwater in Maersk Drilling.

12 Oct 2015

EDC announces termination of 'Saturn' jackup contract

Eurasia Drilling Company Limited ("EDC") has announced that it received a letter of early termination of the contract for its Saturn jackup rig effective from October 8th 2015. The current contract was due to expire on 8th January 2016 and the early termination fee consists of 100% of contract rate for 30 days from effective date followed by 85% of contract .... [+ read more] rate for the remainder of the term (or 62 days).

10 Oct 2015

Uxpanapa hull successfully launched

The fifth jackup rig that Keppel AmFELS is constructing for Perforadora Central, Uxpanapa, reached a double milestone on 22 September 2015. Its hull was successfully launched into the sea and it also celebrated two million man hours worked without lost time incidents. In recognition of the yard’s achievement, PerforadoraCentral presented the project team with a plaque and safety bonus of US .... [+ read more] $30,000. Mr Ricardo Cortinas, Vice President, Offshore Drilling Operations, Central Panuco (Perforadora Central) said, “It is always very exciting to see the successful launching of a rig. Central Panuco is very pleased with the on time production schedule of Uxpanapa and would like to congratulate the dedicated employees at Keppel AmFELS for achieving two million man-hours without any lost time incidents.”

9 Oct 2015

Coastal Contracts enter into litigation regarding delivery of jackup

Coastal has announced that its subsidiary, Thaumas Marine Ltd ("TML"), a party to a shipbuilding contract (“SBC”) with Yantai CIMC Raffles Offshore Limited (“Builder”) and Dynamic Driller Limited (“Co-Builder”), has on the 9th of October 2015 filed a Notice of Arbitration with the Singapore International Arbitration Centre (“SIAC”) against the Builder and Co-Builder to refer a dispute to arbitration, thereby commencing .... [+ read more] arbitration proceedings against the same. Pursuant to the SBC (and the relevant Annexes, Exhibits, Modifications, Additions, Supplemental(s), Supplementary Agreements, Memorandums and Addendums), the Builder and the Co-Builder are to construct and deliver to TML one (1) unit brand new JU 2000E F&G Design Jack-Up Drilling Rig (“Vessel”) within the Delivery Date of 30th April 2015, or no later than the Cancellation Date of 30th June 2015. Should the Builder and Co-Builder not be able to deliver the Vessel on or before 30th June 2015, the Builder and Co-Builder would be liable to TML for liquidated damages of United States Dollars Fifty Thousand (USD 50,000.00) only per day, up to a maximum of United States Dollars Five Million (USD 5,000,000.00) only. The Vessel was accepted to be technically ready for delivery on 11 September 2015, seventy-three (73) days after the Cancellation Date. Accordingly, the Builder and Co-Builder are liable to TML for liquidated damages to the amount of United States Dollars Three Million and Six Hundred and Fifty Thousand (USD 3,650,000.00) and any applicable interest.

9 Oct 2015

Successful visit to the shipyard

Today the drilling rig Deepsea Bergen leaves the shipyard in Haugesund after completing its 5-year classification. The assignment has been performed within the agreed timeframe. On behalf of Odfjell Drilling, Aibel has carried out work associated with the 5-year classification of the drilling rig. The work comprised inspections and modifications related to structure and pipes, among other things. Aibel's Project Manager .... [+ read more] Jarle Toft explains that many activities had to be carried out in narrow areas on board. There was also a need for extensive cleaning prior to the work commencing. "We have been working to a tight schedule and have achieved a lot in a short period of time. Handover took place at the end of September, and our part of the work took 21 days," the Project Manager says. He also notes that there have not been any serious incidents, and that employees have had an excellent focus on HSE.

8 Oct 2015

Lundin receives consent for exploration drilling in the Barents Sea

Lundin Norway AS (Lundin) is the operator for production licence 708 and has received consent to drill exploration well 7130/4-1 in the Barents Sea. Drilling is scheduled to begin in November 2015 and estimated to last 56 days, depending on whether a discovery is made. Drilling is to be carried out using Transocean Arctic, a semi-submersible drilling facility owned and .... [+ read more] operated by Transocean. It was built by Mitsubishi Heavy Industries in Japan in 1987, and substantially upgraded in 2004. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004. The PSA has now granted Lundin consent for exploration drilling.

8 Oct 2015

Oceam Rig releases update on current fleet status

Ocean Rig UDW Inc. (“Ocean Rig”) has released an update to the current status of the company’s offshore rig fleet. In the release Ocean Rig announced that the Ocean Rig Skyros commenced its new six year contract with Total in Angola on the 1st October 2015 as well as giving updates as to the Leiv Eiriksson, Eirik Raude and Ocean Rig .... [+ read more] Olympia units. With regards to the latter three units, Ocean Rig announced that upon completion of their current contracts the company will look to cold stack the units if no new contracts can be secured and in the cases of the Eirik Raude and Leiv Eiriksson semisubs the company may choose to dispose of the assets through scrapping. Meanwhile the company also announced that on the 25th September it received a notice from Petrobras of a material breach under the contract for the Ocean Rig Mylos drillship which would enable Petrobras to terminate the contract if the breach is not remedied within 75 days. Ocean Rig announced that it intends to defend its rights under the contract.

8 Oct 2015

Audit of Deepsea Bergen

On 21 and 22 September 2015, the PSA carried out an audit of Deepsea Bergen while the facility was at the Aibel Haugesund yard. The audit was focused on Odfjell Drilling's management of hull inspection, verification of the lifetime of structures and findings made during the layover. This audit was in continuation of the audit's first part carried out in .... [+ read more] June 2015. The purpose of the audit was to see how, as the rig owner, Odfjell Drilling was ensuring the safety of ageing facilities that have received an Acknowledgement of Compliance (AoC), in terms of ageing mechanisms and modifications, and how learning from identified ageing mechanisms and factors in previous incidents are used with respect to the structural safety of Deepsea Bergen. No non-conformities or improvement points were identified during this audit.

7 Oct 2015

Ocean Rig Announces Fleet Update

The Eirik Raude is currently completing its third well in a six-well program in the Falklands and is now expected to remain employed in the Falkland Islands into January of 2016. Currently, there are no further prospects of employment for the rig in the Falkland Islands and if no employment is found the rig will be cold stacked and the Company .... [+ read more] will consider all its options including disposing or scrapping the unit.

7 Oct 2015

Ocean Rig Announces Fleet Update

The Leiv Eiriksson is in the process of completing its current well in Norway. As of the date of this press release, there is no further program for the unit under its current contract which is expected to expire in March 2016. Currently, there are few further prospects of employment for the rig and if no employment is found the rig .... [+ read more] will be cold stacked and the Company will consider all its options including disposing or scrapping the unit.

7 Oct 2015

Ocean Rig Announces Fleet Update

The Ocean Rig Olympia has successfully started its new contract in Angola as of August 15, 2015. The rig is expected to move to the Ivory Coast for one well in the fourth quarter of 2015 and return to Angola to complete its remaining contract until June 2016. Currently, there are no prospects for further employment and if no employment is .... [+ read more] found the rig will be cold stacked and the respective SPS will be postponed.

7 Oct 2015

Lundin spuds Neiden prospect with Island Innovator

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has commenced drilling of exploration well 7220/6-2 in PL609. The Neiden prospect is located in the northern part of PL609, some 60 km northeast of the Alta discovery and approximately 200 km from the Norwegian coastline. Lundin Petroleum estimates the Neiden prospect .... [+ read more] to have the potential to contain unrisked, gross prospective resources of 204 million barrels of oil equivalents. The planned total depth is approximately 1,350 metres below mean sea level and the well is being drilled using the drilling rig Island Innovator. Drilling is expected to take approximately 40 days. Lundin Norway holds 40 percent working interest in PL609. Partners are DEA Norge AS and Idemitsu Petroleum Norge AS with 30 percent working interest each.

7 Oct 2015

Energy Drilling one step closer to securing contract for 'Edrill-2'

Energy Drilling Pte. Ltd. (“Energy Drilling”) is one step closer to securing a firm contract for its newbuild Edrill-2 tender rig following the announcement that the company has been issued a Letter of Intent to Award (LOI) by PTT Exploration & Production International (“PTTEPI”). PTTEPI intends to contract the unit for a firm 18-month period with options to extend the contract .... [+ read more] by up to 30 months to perform drilling operations on the Zawtika Development Drilling Campaign (Phase 1B + Infield Phase 1A + Phase 1C). The program consists of around 67 wells to be drilled from ten wellhead platforms in water depths of up to 160m. Commencement date is set for mid-December 2015 with EDrill-2 currently undertaking pre-mobilization inspections and third party equipment installations. Marcus Chew – CEO of Energy Drilling commented that, “We’re pleased to extend our relationship with premium client PTTEP and are eager to demonstrate our tender barge’s superior value creation potential to MOGE in Myanmar.”

5 Oct 2015

Perisai delays delivery of second jackup rig

Perisai Petroleum Teknologi BHD (“Perisai”) has announced that the company intends to delay the delivery of its second jackup rig ‘Perisai Pacific 102’ until the 31st March 2016. The unit was originally intended to be delivered on 30th April 2015, however, the delivery date is now revised to a date no later than 31st March 2016. The agreement was reached between .... [+ read more] Perisai and PPL Shipyard Pte Ltd.

2 Oct 2015

Lundin spuds Mengkuang-1 well in Malaysia

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (“Lundin Malaysia”) has resumed exploration drilling in Malaysia with the spud of Mengkuang-1 exploration well in license PM307, offshore Malaysia. The well will target hydrocarbons in Miocene aged sands 75 km to the northwest of the Bertam field operated by Lundin Malaysia. Mengkuang-1 will .... [+ read more] be drilled with the West Prospero jack-up rig to a total depth of approximately 1,300 metres below mean sea level. The drilling of the well is expected to take approximately 30 days. Lundin Malaysia holds 75 percent working interest in PM307. Partner is PETRONAS Carigali Sdn Bhd with 25 percent working interest. Lundin Malaysia operates six blocks in Malaysia, namely PM307, PM319, PM308A, PM308B, PM328 and SB307/308.

2 Oct 2015

Hess sublets 'Perisai Pacific 101' jackup in Malaysia

Perisai Petroleum Teknologi BHD (“Perisai”) has announced that the company’s Perisai Pacific 101 jackup rig currently on contract to Petronas Carigali Sdn Bhd (“Petronas”) is to be sublet to Hess Exploration and Production Malaysia B.V. (“Hess”) for a nine month period. The sublet commenced on 23rd September 2015 and is expected to continue for a nine-month period, with an additional one .... [+ read more] month option. At the end of the sublet the unit will return to operations for Petronas. The total contract value of the sublet with Hess is USD26.9 million.

1 Oct 2015

Statoil comes up dry with latest wildcat in Norway

Statoil Petroleum AS, operator of production licence 169, has concluded the drilling of wildcat well 25/11-28. The well is dry. The well was drilled 13 kilometres south of the Grane field in the North Sea. The objective of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Draupne formation) and in the Permian (the Rotliegend group). The .... [+ read more] well encountered 22 metres of sandstone in the Upper Jurassic, of which 7.5 metres is of good reservoir quality. Reservoir rocks were not proven in the Permian. The well is dry. Extensive data acquisition and sampling have been carried out. This is the 15th exploration well in production licence 169. The well was drilled to a vertical depth of 2563 metres below the sea surface, and was terminated in basement rock. Water depth at the site is 118 metres. The well will now be permanently plugged and abandoned. The well was drilled by the Songa Trym drilling facility, which will now drill wildcat well 34/8-16 S in production licence 120 in the northern North Sea, where Statoil Petroleum AS is the operator.

1 Oct 2015

Maersk find at Tvillingen South is non-commercial

North Energy has announced a non-commercial gas/condensate discovery from the Tvillingen Sør exploration well in PL 510 in the Norwegian Sea. The main objective of well 6406/6-4S was to test the reservoir properties and hydrocarbon potential of the Middle to Lower Jurassic sandstones on the Tvillingen Sør horst structure. The well encountered a hydrocarbon column of up to 30 metres in .... [+ read more] Garn Formation sandstones with good reservoir quality. The deeper reservoir targets showed high reservoir quality, but were water wet. The well was not formation tested, but data acquisition and sampling were carried out. Maersk Oil Norge AS is the operator of PL 510. Well 6406/6-4S was drilled to a total depth of 4,484 metres in the Tilje Formation by the Leiv Eiriksson rig. North Energy ASA holds a 20 per cent working interest in PL 510. Maersk Oil Norge AS holds 50 per cent and Edison Norge AS holds 30 per cent.

1 Oct 2015

Atwood Achiever given contract extension

Atwood Oceanics, Inc. (“Atwood”) has announced that, effective today, one of its subsidiaries agreed to a one-year extension and rate adjustment to its existing contract with Kosmos Energy Ventures (“Kosmos”) for the ultra-deepwater rig, the Atwood Achiever. The Atwood Achiever commenced its three-year drilling services contract with Kosmos in November, 2014, for operations offshore Northwest Africa. The agreement adjusts the operating .... [+ read more] day rate to approximately USD495,500, net of taxes, and extends the contract end date to November, 2018. As part of the agreement, Kosmos has an option, which may be exercised at any time through October 1st, 2016, to revert the contract to the original operating day rate and original end date. Exercising this option will result in a payment that includes the difference in day rates, taxes, and an administrative fee covering the time periods for which the reduced day rate was invoiced.

30 Sep 2015

Lundin completes drilling of Alta appraisal wells

Lundin Norway AS, operator of production licence 609, has completed the drilling of appraisal wells 7220/11-3 and 7220/11-3 A on the oil and gas discovery 7220/11-1 (Alta). The wells were drilled about four kilometres south of discovery well 7220/11-1 and approximately three kilometres northeast of appraisal wells 7220/11-2 and 7220/11-2 A. Discovery 7220/11-1 was proven in chalk rocks in the .... [+ read more] Gipsdalen group in October 2014. After drilling of the discovery well, the operator's resource estimate for the discovery was between 14 and 50 million Sm3 recoverable oil and between 5 and 17 billion Sm3 recoverable gas. The purpose of the wells was to delineate discovery 7220/11-1, and additionally to investigate the extent of the reservoir and hydrocarbon columns. Well 7220/11-3 encountered a 75-metre thick gas column and the upper part of an oil column in chalk rocks in the Gipsdalen group of good to very good reservoir quality. Due to technical challenges, the well was plugged. A decision was made to drill a sidetrack, 7220/11-3 A, about 400 metres to the southeast. The well encountered a 74-metre hydrocarbon column, 30 metres of which was a gas column and 44 metres was an oil column in reservoir rocks of good to poor reservoir quality. The age of the reservoir rock is uncertain, but is assumed to be of Triassic and/or Permian age. The well was temporarily plugged and abandoned to have the opportunity to return to it to drill deeper and, if relevant, perform a production test. Pressure gradients from wells 7220/11-3 and 7220/11-3 A show communication with discovery well 7220/11-1. Extensive data acquisition and sampling have been carried out in both wells. The results from the appraisal wells are important for the further work of mapping the east flank of the discovery. The resource estimate will be reassessed based on the new data. These are the fourth and fifth exploration wells in production licence 609. The licence was awarded in the 21st licensing round in 2011. Appraisal wells 7220/11-3 and 7220/11-3 A were drilled to measured depths of 1926 metres and 2105 metres, respectively, and vertical depths of 1925 and 1962 metres below sea level, respectively, and were terminated in the Gipsdalen group of Permian age. The water depth is 397 metres. The wells were drilled by the Island Innovator drilling facility, which will now drill wildcat well 7220/6-2 in the same production licence.

30 Sep 2015

Borgsten Dolphin - Early termination

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into an early termination agreement with Total E&P UK for the tender support vessel Borgsten Dolphin which will result in a cessation of offshore services on 1st October 2016 and the unit mobilising inshore for expected cold stacking thereafter. Total will pay an early termination fee of approximately $22.1 .... [+ read more] million in addition to payment for services provided until 1st October 2016.

28 Sep 2015

Shell suspends Alaskan exploration plan

Shell today provided an update on the Burger J exploration well, located in Alaska’s Chukchi Sea. The Burger J well is approximately 150 miles from Barrow, Alaska, in about 150 feet of water. Shell safely drilled the well to a total depth of 6,800 feet this summer in a basin that demonstrates many of the key attributes of a major petroleum .... [+ read more] basin. For an area equivalent to half the size of the Gulf of Mexico, this basin remains substantially under-explored. Shell has found indications of oil and gas in the Burger J well, but these are not sufficient to warrant further exploration in the Burger prospect. The well will be sealed and abandoned in accordance with U.S. regulations. Shell will now cease further exploration activity in offshore Alaska for the foreseeable future. This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska. Whether the cessation of drilling activities means that both the Polar Pioneer and Noble Discoverer rigs will be released from their current contracts is not yet clear.

28 Sep 2015

Freeport-McMoran strikes at Horn Mountain Deep well in US GoM

Freeport-McMoRan Inc. has announced positive drilling results from the Freeport-McMoRan Oil & Gas (“FM O&G”) 100% owned Horn Mountain Deep well in the US GoM. Initial production from this well, which will be tied back to existing facilities, is expected in first half 2017. This well, combined with two follow on development wells at Horn Mountain Deep, may be capable of .... [+ read more] producing an aggregate of 30,000 barrels of oil equivalents per day (BOE/d). During September 2015, the Horn Mountain Deep well was drilled to a total depth of approximately 16,925 feet. Logging while drilling logs indicated that the well encountered a total of approximately 142 net feet of Middle Miocene oil pay with excellent reservoir characteristics. In addition, these results indicate the presence of sand sections deeper than known pay sections in the field. The 100% owned Horn Mountain production facilities in FM O&G’s Mississippi Canyon area are capable of processing 75 MBbls of oil per day. Since commencing development activities in 2014 at its three 100% owned production platforms in the Deepwater GoM, FM O&G has drilled 12 wells, all with positive results. Three of these wells have been brought on production, and FM O&G plans to complete and place the remaining additional wells on production in late 2015, 2016 and 2017.

25 Sep 2015

North Falkland Basin Exploration Update

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that agreement has been reached to drill a further well on the Isobel/Elaine complex. The re-drill well will target the Isobel Deep reservoir which was oil bearing in well 14/20-1, .... [+ read more] but could not be logged or sampled for mechanical reasons. This new well will be drilled a suitable distance (approximately 4km) from the original well bore and is also expected to encounter additional reservoir targets in the Elaine South and Isobel Shallow Fans. This well will replace the Jayne East well in the current drilling campaign (subject to the final regulatory approvals). As part of the agreement to drill a further well on the Isobel/Elaine complex, Rockhopper has reached agreement with Falkland Oil & Gas Limited ("FOGL") on the terms of compensation for not drilling the Jayne East well. Under the agreement, Rockhopper will pay FOGL $4.0 million ($2.0 million immediately with the balance expected to be paid later in 2016). As per the original farm out agreement, Rockhopper and Premier Oil will carry FOGL on its 40% equity share of the re-drill well costs. The rig, which is currently drilling to the south of the Falkland Islands, is expected to return to the North Falkland Basin in mid to late October 2015.

25 Sep 2015

Noble completes Cheetah exploration well in Cameroon

Noble Energy, Inc. (“Noble”) has announced that the Cheetah exploration well in the Tilapia license offshore Cameroon reached the targeted Cretaceous interval and is being plugged and abandoned. The well encountered both crude oil and natural gas shows in multiple non-commercial reservoir sands. Results from the well are being integrated into Noble’s geologic modeling for the remaining prospectivity in the .... [+ read more] Tilapia license. The rig, which drilled the Cheetah well to a total depth of approximately 13,320 feet, will be released at the completion of well operations.

23 Sep 2015

Primelione spuds LS23-1-1 well in China

Primeline Energy Holdings Inc. (“Primeline”) has announced that the drilling of the LS23-1-1 exploration well has commenced to tap into resources near its LS36-1 gas field production facility. As recently announced, Primeline’s drilling contractor China Oilfield Services Ltd (“COSL”) started to tow the drilling rig, HYSY941, on September 15th 2015. The rig arrived at LS23-1-1 on September 17th 2015 and the .... [+ read more] subsequent jackup and loading operation was successfully completed. LS23-1-1 was spudded on September 23rd, 2015. The LS23-1-1 well is in 81 m of water in Block 33/07 in the East China Sea and is 24 km from the LS36-1 gas field platform. The planned total depth of the well is designed to be 2,688 m with several target zones in Palaeocene sediments. The drilling is scheduled to take approximately 30 days including logging. If hydrocarbons are discovered, additional logging or drill stem tests will be carried out.

23 Sep 2015

Maersk Oil contracts 'Maersk Resilient' jackup for Denmark drilling

Maersk Drilling has been awarded a new contract for the jackup rig Maersk Resilient with Danish oil company Maersk Oil. The firm contract is for three years with an estimated contract value of USD110m. Commencement is expected in October 2015, and Maersk Resilient will do work at various fields in the Danish sector of the North Sea. “We are very pleased .... [+ read more] with this new contract for Maersk Resilient with Maersk Oil, a key customer in the North Sea,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Maersk Resilient has since May 2015 been stacked at Invergordon in Scotland, where the rig has undergone various maintenance works. “Maersk Drilling has to continue its excellent performance and continue to build our already strong backlog in order to navigate the low visibility in the market. Therefore, it is also very rewarding that a rig that has been stacked since May 2015 can now return to where she belongs and bring value to our client, Maersk Oil,” says Claus V. Hemmingsen.

23 Sep 2015

Primeline Spuds LS23-1-1 Well

Primeline Energy Holdings Inc. (“Primeline” or the “Company”) (TSXV: PEH) today announced the drilling of its LS23-1-1 exploration well has commenced to tap into resources near its LS36-1 gas field production facility. As recently announced, Primeline’s drilling contractor China Oilfield Services Ltd started to tow the drilling rig, HYSY941, on September 15. The rig arrived at LS23-1-1 on September 17 .... [+ read more] and the subsequent jackup and loading operation was successfully completed. LS23-1-1 was spudded on September 23, 2015. The LS23-1-1 well is in 81 m of water in Block 33/07 in the East China Sea and is 24 km from the LS36-1 gas field platform. The planned total depth of the well is designed to be 2,688 m with several target zones in Palaeocene sediments. The drilling is scheduled to take approximately 30 days including logging. If hydrocarbons are discovered, additional logging or drill stem tests will be carried out. LS23-1-1 is the first exploration well (of two) in Primeline’s current campaign as part of the rolling development program. Based on the result of this well, Primeline will finalize the drilling location of the second well in Block 33/07, which will be either LS30-3-1 or LS23-2-1. Any resources discovered in this drilling campaign can use or share the LS36-1 gas field production infrastructure to speed up development and optimize future development costs and economics.

23 Sep 2015

Blink exploration well commences drilling in the Norwegian Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commencement of the second Pil/Bue follow-up well with the spudding of exploration well 6406/12-5 S (Faroe 25%) on the Blink prospect. The Blink prospect is located in the Norwegian Sea in Licence PL586, which .... [+ read more] also contains the significant Pil and Bue discoveries (announced in 2014). The licence is located in proximity to the producing Njord field (Faroe 7.5%). The drilling programme will target the Upper Jurassic reservoirs analogous to the Pil, Bue and Draugen field reservoirs. This well follows on directly from the Boomerang well which encountered a 26 metre gross Upper Jurassic intra-Spekk/Rogn sandstone containing estimated recoverable resources of between 13 and 31 million barrels of oil equivalent. The Blink exploration well, located in water depth of approximately 360 metres, is operated by VNG Norge AS (30%) using the Transocean Arctic semi-submersible drilling rig with partners Spike Exploration AS (30%) and Pure E&P Norway AS (15%) and the results will be announced when drilling operations are complete.

22 Sep 2015

Contract associated with cancelled 'West Mira' semisub also now cancelled

Seadrill Limited ("Seadrill"), has been notified by Husky Oil Operations Limited ("Husky") of the cancellation of the drilling contract for the West Mira ("The Unit"). In the fourth quarter of 2012 Seadrill was awarded a five-year contract for the West Mira with Husky for operations in Canada and Greenland. The total estimated base revenue potential was approximately USD1 billion. As stated .... [+ read more] in Seadrill’s second quarter earnings report, due to the late delivery of the Unit, Seadrill tentatively agreed with Husky to reduce the dayrate on the West Mira. The construction contract was subsequently cancelled by Seadrill due to the Shipyard's inability to deliver the Unit within the timeframe required under the contract. Seadrill remains in discussions with Husky to find an alternative solution to meet its drilling requirements.

18 Sep 2015

Suncor targets drilling at Havfrue (Mermaid) prospect

The Norwegian Petroleum Directorate (NPD) has granted Suncor Energy Norge AS a drilling permit for well 25/10-14 S, cf. Section 8 of the Resource Management Regulations. Well 25/10-14 S will be drilled from the Borgland Dolphin drilling facility in position 59°10’01.22’’ north 02°14’43.44’’ east in the central North Sea. The drilling program for well 25/10-14 S concerns the drilling of .... [+ read more] a wildcat well in production licence 571. Suncor Energy Norge AS is the operator with an ownership interest of 60 per cent. The other licensee is Statoil Petroleum AS with 40 per cent. The area in this licence consists of parts of blocks 25/7 and 25/10. Production licence 571 was awarded on 4 February 2011 (APA 2010). This is the second exploration well to be drilled in the licence, but exploration wells have previously been drilled within the area covered by this licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

17 Sep 2015

VNG makes minor oil discovery in PL 586

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat wells 6406/12-4 S and 6406/12-4 A. Well 6406/12-4 S was drilled approx. 33 kilometres southwest of the Njord field in the southern part of the Norwegian Sea and approx. 1.7 kilometres southeast of discovery well 6406/12-3 S (Pil). The primary exploration target .... [+ read more] of well 6406/12-4 S was to prove petroleum in Upper Jurassic sandstones in a southwestern segment, which is adjacent to the 6406/12-3 S discovery (Pil). The well encountered an approx. 590 metre thick unit of Upper Jurassic rocks, 20 metres of which of are sandstone (the Rogn formation) with good reservoir quality. Preliminary estimates of the size of the discovery range between two and five million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees will consider the discovery in conjunction with other nearby discoveries as regards a possible future development. The secondary exploration target was to prove petroleum in Upper Jurassic rocks (sandstone in the Intra Melke formation), the extent, thickness and properties of the reservoir rocks, as well as depth to hydrocarbon contacts. The well encountered 368 metres of sandstone in the Intra Melke formation of varying quality and with traces of oil. The objective of well 6406/12-4 A was to prove petroleum in Upper Jurassic reservoir rocks (sandstone in the Intra Spekk and Intra Melke formations) in a southern segment adjacent to the 6406/12-3 S discovery (Pil). Well 6406/12-4 A encountered about 20 metres of Intra Spekk sandstone and 515 metres of reservoir rocks in the Intra Melke formation, both with poor reservoir properties. The reservoir contains only traces of hydrocarbons. The well was classified as dry. Extensive data acquisition and sampling have been carried out. These are the fourth and fifth wells to be drilled in production licence 586, which was awarded in APA 2010. 6406/12-4 S was drilled to measured and vertical depths of 4318 and 3832 metres below sea level respectively, and was terminated in the Melke formation in the Upper Jurassic. 6406/12-4 A was drilled to measured and vertical depths of 4058 and 3799 metres below sea level respectively, and was terminated in the Melke formation in the Jurassic. Water depth at the site is 319 metres. The wells will now be permanently plugged and abandoned. Wells 6406/12-4 S and A were drilled by the drilling facility Transocean Arctic which now will drill 6406/12-5 S in a northern segment adjacent to the discovery 6406/12-3 S (Pil).

16 Sep 2015

Primeline mobilises jackup rig for drilling of LS23-1-1 well in China

Primeline Energy Holdings Inc. (“Primeline”) today announced that its drilling contractor China Oilfield Service Ltd. (“COSL”) has started the mobilisation of the rig for the drilling operation of LS23-1-1 well. Following the signing of the drilling contract by Primeline with COSL as announced on August 17th, 2015, COSL has completed the site survey of the well locations and other preparations for .... [+ read more] the drilling operations, including the applications for the required operation permits. Primeline held a pre-spud meeting with COSL and all main subcontractors on September 14th. COSL started to tow drilling rig HYSY941 toward the well LS23-1-1 location on the evening of September 15th. The towing operation is expected to last three to five days, subject to weather and sea conditions, followed by jack up, with drilling operations expected to commence around September 22nd.

15 Sep 2015

Seadrill terminates under construction 'West Mira' semisub

Seadrill Limited ("Seadrill" ), has notified Hyundai Heavy Industries Co Ltd. ("HHI") that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semisubmersible drilling unit ("West Mira"). The West Mira was ordered during the second quarter of 2012 and the delivery date stated in the construction contract was .... [+ read more] by December 31st, 2014. Due to HHI’s inability to deliver the West Mira within the timeframe required under the contract, Seadrill has exercised its cancellation rights. Under the contract terms, Seadrill has the ability to recoup the USD168 million in pre-delivery instalments to HHI, plus accrued interest. In the fourth quarter of 2012 Seadrill was awarded a five year contract for the West Mira with Husky Oil Operations Limited ("Husky") for operations in Canada and Greenland. As stated in Seadrill’s second quarter earnings report, due to the late delivery of the West Mira, Seadrill had tentatively agreed with Husky to reduce the dayrate of the drilling contract. Seadrill remains in discussions with Husky to find an alternative solution to meet its drilling requirements.

14 Sep 2015

'Noble Tom Prosser' enroute to Australia for drilling contract

Carnarvon Petroleum Limited (“Carnarvon”) has provided the following update regarding the upcoming drilling of the Roc-1 well in WA-437-P. Quadrant Energy, the operator of WA-437-P contracted the Noble Tom Prosser (“Tom Prosser”) jackup drilling rig to drill the Roc-1 well and on the 11th September 2015, the Tom Prosser began its voyage from Singapore on route to Australia and is expected .... [+ read more] to arrive in Dampier between 19th and 21st September 2015. The rig will drill a well for Vermillion Energy at the Wandoo oil field before commencing Roc-1 drilling operations. At this time, the best estimate for the commencement of the Roc-1 well is early to mid-November 2015 and the well is estimated to take around 50 to 60 days to complete

14 Sep 2015

Shell comes up dry in Norway at PL 793

A/S Norske Shell, operator of production licence 793, is in the process of completing the drilling of wildcat well 6407/10-5. The well has been drilled about 20 kilometres southwest of the Draugen field, less than 10 kilometres southeast of the Njord field in the southern section of the Norwegian Sea and about 100 kilometres north of Kristiansund. The purpose of .... [+ read more] the well was to prove petroleum in reservoir rock from the Upper Jurassic (the Rogn Formation). The well was drilled 330 metres into the Rogn Formation, of which 134 metres were sandstone of moderate to good reservoir quality. The well is dry. Data acquistion has been carried out from the well. This is the first exploration well in production licence 793 awarded in APA 2015. The well was drilled to a vertical depth of 2850 metres below the sea surface and terminated in the Rogn Formation in Upper Jurassic. The water depth at the site is 336 metres. The well will now be permanently plugged and abandoned. The well was drilled by the drilling facility Transocean Barents.

9 Sep 2015

Lundin gets go ahead for new wildcat well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-25 S, cf. Section 8 of the Resource Management Regulations. Well 16/1-25 S will be drilled from the Bredford Dolphin drilling facility in position 58°46’57.096” north 02°15’17.386”east. The drilling program for well 16/1-25 S concerns the drilling of a wildcat well in production licence 338 .... [+ read more] C. Lundin is the operator with an ownership interest of 80 per cent. The other licensee is OMV (Norway) AS with 20 per cent. The area in this licence consists of part of block 16/1. The well is being drilled south of the Edvard Grieg field in the central part of the North Sea. Production licence 338 C was separated from production licence 338 and awarded on 16 December 2014. This is the second exploration well to be drilled within the area covered by the permit. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

7 Sep 2015

Odfjell Drilling announces new contract award from Wintershall Norge AS

Wintershall Norge AS has awarded Odfjell Drilling's semi-submersible Deepsea Stavanger a contract for the drilling of production wells on the Maria field in the Haltenbanken area on the Norwegian Continental Shelf. The firm contract is for six wells with an expected duration of 574 days and an estimated contract value of USD175 million. Contract commencement is estimated to 1 April 2017. .... [+ read more] The contract additionally contains a one-well option prior to the firm contract and two wells after the firm period. The estimated contract value of the optional wells is USD 98 million. Deepsea Stavanger is currently employed by BP in Angola on a contract that is expected to mature during November this year. Odfjell Drilling continues to market the rig in order to secure temporary employment for Deepsea Stavanger to fill the gap to its start-up on the Maria field.

4 Sep 2015

Statoil concludes drilling at PL 104

Statoil Petroleum AS, operator of production licence 104, has concluded the drilling of wildcat well 30/9-27 S. The well was drilled around 7 kilometres west of the Oseberg Sør-field in the northern part of the North Sea, 150 kilometres west of Bergen. The purpose of the well was to prove petroleum in Middle Jurassic reservoir rocks (the Tarbert Formation). The .... [+ read more] well encountered a 34-metre oil column in sandstone with moderate to good reservoir quality. The oil/water contact was encountered 3,242 metres below sea level. Preliminary estimates of the size of the discovery range between one and two million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be developed together with the Oseberg Delta 2 project, which is under development, and the licensees are assessing a production well in the structure encountered by wildcat well 30/9-27 S. Data acquisition has been carried out. This is the 26th exploration well drilled in production licence 104. The licence was awarded in the ninth licensing round. The well was drilled to a measured and vertical depth of 3,989 and 3,353 metres, respectively, below the sea surface and was terminated in Middle Jurassic rocks (the Ness Formation). The water depth at the site is 103 metres. The well has been permanently plugged and abandoned. Well 30/9-27 S was drilled by the drilling facility Songa Delta, which will now drill development well 30/9-O-2 H in production licence 104, where Statoil Petroleum AS is the operator.

4 Sep 2015

Rosneft contracts 'Hakuryu-5' for Vietnam drilling

Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (“JDC”) represented by its subsidiary Hakuryu 5, Inc. signed an agreement on provision and operation of the marine drilling rig Hakuryu-5, for the purposes of drilling exploration wells within the framework of Rosneft’s projects in Vietnam. It is planned to drill two wells in Blocks 06.1 and 05-3/11 .... [+ read more] in the Nam Con Son basin offshore Vietnam in 2016. Consistent implementation of drilling works at both blocks will ensure synergy between the two projects and help reduce the timelines for implementation of the works, thus maximizing the efficiency of exploration activities at the Company’s Vietnamese assets. Commenting on the document’s signing, Rosneft Chairman of the Management Board Igor Sechin noted: “We have always welcomed participation of high technology partners from Japan in implementation of the Company’s projects. Despite the difficult macroeconomic situation, today we are expanding our cooperation in the area of exploration and production of hydrocarbons by executing contracts not only in Russia, but also in Asia Pacific.”

4 Sep 2015

COSCO announces ruling on the 'Dalian Developer' case

The Board of Directors (“Board”) of COSCO Corporation (Singapore) Limited ( “COSCO”) refers to the announcement on 17th October 2013 in relation to the DP3 Deepwater Drillship construction contract (the “Contract”) between COSCO (Dalian) Shipyard Co., Ltd (“COSCO Dalian”) (a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) and Dalian Deepwater Developer Ltd (the “Shipowner”). The .... [+ read more] Shipowner had served a notice of termination and submitted a request for arbitration in London. The Board wishes to announce that an arbitration award has now been issued. The arbitral tribunal has ruled that COSCO Dalian, having repaid to the Shipowner the first instalment together with interest thereon is not liable to the Shipowner for any further liabilities. COSCO will make announcements of any material development in relation to the DP3 Deepwater Drillship at the appropriate junctures.

3 Sep 2015

Premier comes up dry at Myrhauk prospect

Premier Oil Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-10 S. The well has been drilled about 45 kilometres northeast of the Valhall field in the southern section of the North Sea and 300 kilometres southwest of Stavanger. The purpose with the well was to prove petroleum in the .... [+ read more] Upper and Middle Jurassic reservoir rocks (the Ula and Bryne formations). The well did not encounter the Ula formation. The Bryne formation was encountered with a thickness of about 110 metres, of which 45 metres with moderate reservoir quality. The well is dry. Data acquisition and sampling were carried out. The well is the first exploration well in production licence 539, awarded in APA 2009. Well 3/7-10 S was drilled to a measured and vertical depth of 3511 and 3464 metres below sea level, respectively, and was terminated in the Skagerrak formation in the Upper Triassic. The water depth at the site is 68.5 metres. The well will now be permanently plugged and abandoned. The well was drilled by the drilling facility Mærsk Guardian, which now will proceed to Fredrikshavn to be laid up.

2 Sep 2015

UMW takes delivery of newbuild 'UMW Naga 8' jackup

UMW Oil & Gas Corporation Berhad (UMW-OG) officially took delivery of its latest jack-up rig; UMW NAGA 8 from Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M). Designed to address higher requirement market, UMW NAGA 8 is the third KFELS B Class jack-up rig in UMW-OG’s fleet; the first two being UMW NAGA .... [+ read more] 4 and UMW NAGA 5, which were delivered in 2013 and 2014, respectively. Similar to both its predecessors, UMW NAGA 8 is a premium jack-up drilling rig capable of operating in water depths of up to 400 feet (approximately 125 metres) and drilling to a total depth of 30,000 feet (approximately 9,144 metres) sub-sea. Equipped with the newest and most technologically advanced equipment, additional features include an advanced and fully-automated high capacity rack and pinion elevating system, self-positioning fixation system and facilities capable of accommodating 150 personnels. Present to receive the rig at Keppel FELS’s yard was Rohaizad Darus, President, UMW-OG, who shared, “At 400 feet water depth, this latest rig will enable us to address a niche market where there is lesser competition. The additional asset will also provide us with the capacity to cover a wider market, both regionally and globally to continue our growth once the market recovers.” UMW NAGA 8 is currently being prepared to be mobilised for a potential client in Southeast Asia.

2 Sep 2015

Petrobras cancels 'Titanium Explorer' drillship contract

Vantage Drilling Company (2Vantage") received a notice dated August 31st, 2015 (the "Notice") from Petrobras America, Inc. ("PAI") and Petrobras Venezuela Investments & Services B.V. ("PVIS") stating that PAI and PVIS were terminating the Agreement for the Provision of Services Contract for the Titanium Explorer dated February 4th, 2009 (the "Drilling Contract"), between PVIS and Vantage Deepwater Drilling Company, a wholly-owned .... [+ read more] indirect subsidiary of Vantage, and which had been novated to PAI. The Notice alleges that Vantage has breached its obligations under the Drilling Contract. The Notice does not provide any explanation as to the facts and conduct that constitute a breach by Vantage of its obligations under the Drilling Contract. Vantage strongly disagrees with the allegations of contractual breaches made by PAI and PVIS in the Notice. Vantage has filed for arbitration to challenge the assertions made in the Notice and to assert that the Notice is a wrongful attempt to terminate the Drilling Contract. Vantage believes that it is in compliance with all of its obligations under the Drilling Contract.

2 Sep 2015

COSL semisub hired to drill in Okhotsk Sea

Magadanmorneftegaz, Lisyanskmorneftegaz (joint ventures of Rosneft and Statoil) and China Oilfield Services Limited (“COSL”) have signed a contract to drill two exploration wells in 2016. The wells will be drilled in the Magadan-1 and Lisyansky areas of the Okhotsk Sea. COSL offered its semi-submersible drilling rig Nanhai-9 and won the tender based on a combined score of technical and economic parameters. .... [+ read more] The rig was positively evaluated by an audit for compliance with Russian and international requirements. Commenting on the signed document, Igor Sechin, Rosneft Chairman of the Management Board, said: "The agreements reached opens up new prospects for further cooperation between leaders of the oil and gas industry in Russia, Norway and China in the exploration of oil and gas resources."

1 Sep 2015

Sea Lion-1 well spud date pushed back to mid-September

3D Oil Limited (“3D”) a member of the VIC/P57 joint venture being operated by Carnarvon Hibiscus Pty Ltd. (“CHPL”) has advised that the Sea Lion-1 exploration well is now not expected to spud until approximately mid-September 2015, due to delays with the rig handover. CHPL contracted the West Telesto jackup for drilling operations, however, delivery of the unit is being held .... [+ read more] up due to adverse weather conditions and thus preventing it being released by Origin Energy who are using the jackup to drill on the Yolla field.

31 Aug 2015

Statoil comes up dry at Knappen prospect

Statoil Petroleum AS, operator of production licence 72 B, is in the process of completing the drilling of wildcat well 16/7-11 on behalf of production licences 72 B, 72 D and 72 E. The well was drilled approximately 10 kilometres east of the Sleipner A platform in the central part of the North Sea and 220 kilometres west of Stavanger. .... [+ read more] The purpose of the well was to prove petroleum in Upper Trias reservoir rocks (the Skagerrak formation). The well was drilled 97 metres into the Skagerrak formation, about 50 metres of which was in thin sandstone layers with moderate to good reservoir quality. The well is dry. Data acquisition has been carried out. This is the second exploration well in production licence 72 B. Well 16/7-11 was drilled to a vertical depth of 2,625 metres below sea level and was terminated in the Skagerrak formation. The water depth at the site is 81 metres. The well will now be permanently plugged and abandoned. The well was drilled by the drilling facility Songa Trym, which will now drill wildcat well 25/11-28 in the central part of the North Sea in production licence 169, where Statoil is the operator.

31 Aug 2015

Pemex terminates 'Deep Driller 7' contract

Pemex has terminated a contract for the Aban Offshore jackup Deep Driller 7 about four months early, exercising an early termination clause. The unit which is owned by Deep Drilling Invest Pte. Ltd. (“DDI”) was released from its contract with the Mexican operator on the 27th August 2015 according to a statement released on the Oslo Bors. .... [+ read more]

27 Aug 2015

Statoil set to spud wildcat in PL 169

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 25/11-28, cf. Section 8 of the Resource Management Regulations. Well 25/11-28 will be drilled from the drilling facility Songa Trym in position 59°00’31.1’’ north 02°21’59.3’’ east. The drilling program for well 25/11-28 concerns the drilling of a wildcat well in production licence 169. Statoil is the .... [+ read more] operator with an ownership interest of 57 per cent. The other licensees are Petoro AS with 30 per cent and ExxonMobil & Production Norway AS with 13 per cent. The area in this licence consists of parts of the blocks 25/8, and 25/11. The well is being drilled south of the Grane field in the central part of the North Sea. Production licence 169 awarded on 1 March 1991 (13th licensing round). This is the 15th wildcat well to be drilled in the license. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

26 Aug 2015

Shell set for drilling at Portrush prospect

The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6407/10-5 S, cf. Section 8 of the Resource Management Regulations. Well 6407/10-5 will be drilled from the Transocean Barents drilling facility in position 64°12’41.7” north and 7°16’34.25” east. The drilling programme for well 6407/10-5 relates to the drilling of a wildcat well in production licence 793. .... [+ read more] A/S Norske Shell is the operator with an ownership interest of 40 per cent. The other licensees are Petoro AS (20 per cent), VNG Norge AS (20 per cent) and Faroe Petroleum Norge AS (20 per cent). The area in this licence consists of parts of the blocks 6407/7, 8, 10, 11. The well is drilled about five kilometres southeast of the Njord field and about 25 kilometres southwest of Draugen. Production licence 793 was awarded on 6 February 2015 in APA 2014 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.

26 Aug 2015

Oro Negro reaches rate reduction deal with Pemex for four jackups

Integradora de Servicios Petroleros Oro Negro, S.A.P.O. de C.V. (“Oro Negro”) and Pemex-Exploración y Producción (“Pemex”) have agreed on terms for amending their outstanding charter leases for Oro Negro’s Primus, Laurus, Fortius, and Decus jackup rigs. The amendments provide that the daily rental rate payable to Oro Negro for each of the rigs will be reduced from approximately USD160,000 to USD .... [+ read more] 130,000, for the period June 1st, 2015 through May 31st, 2016. From and after June 1st, 2016, the daily rental rate will return to approximately USD160,000. In addition, the charter leases will each be extended by one year.

25 Aug 2015

Lundin confirms strike at Edvard Greig appraisal

Lundin Norway AS, operator of production licence 338, is in the process of completing the drilling of appraisal well 16/1-23 S on the Edvard Grieg oil field in the central section of the North Sea. Appraisal well 16/1-23 S is drilled 2.4 kilometres southeast of the Edvard Grieg platform. The field was proven in the autumn of 2007 and .... [+ read more] consists of Cretaceous, Jurassic and Triassic reservoir rocks. Prior to well 16/1-23 S being drilled, the operator's resource estimate for the field was 29.8 million standard cubic metres of recoverable oil. The purpose of the well was to investigate reservoir rocks, reservoir properties and the oil/water contact as regards delineating the south-eastern section of the Edvard Grieg field. In addition, the purpose was to optimise the drainage strategy for the best possible location of production wells in this area. The well 16/1-23 S encountered a total oil column of 67 metres in conglomorate sandstone with moderate to good reservoir quality. The oil/water contact was encountered 1933.5m below the sea surface, which is 5.5 metres shallower than the contact in the rest of the field. Extensive data acquisition and sampling have been carried out. A total of five small-scale formation tests (mini DSTs) have been carried out in the oil and water zone, with test production of one-metre intervals through the drilling string. The tests in the oil zone showed good flow properties, whereas the flow rate was moderate in the water zone. Preliminary calculations show that the results from the well may result in an increase of between 1 and 8 million standard cubic metres recoverable oil in this section of the Edvard Grieg field. Further work is expected to reduce the uncertainty of this estimate. This is the tenth exploration well in production licence 338 and the seventh exploration well on the Edvard Grieg field. The licence was awarded in APA 2004. A Plan for Development and Operation (PDO) for the Edvard Grieg field was submitted to the Ministry of Petroleum and Energy on 16 January 2012. Appraisal well 16/1-23 S is drilled to a measured and vertical depth of 2130 and 2043 metres respectively below the sea surface and terminated in granite bedrock. The well will be permanently plugged and abandoned. Water depth at the site is 108 metres. The well was drilled by the drilling facility Rowan Viking, which now will continue to drill production and injection wells on the Edvard Grieg field.

24 Aug 2015

'Songa Endurance' semisub is delivered by DSME

Songa Offshore SE (“Songa”) has today taken delivery of the Songa Endurance semisub from Daewoo Shipbuilding & Marine Engineering (“DSME”) in South Korea. Songa Endurance will shortly depart South Korea enroute to Norway for commencement of an eight-year drilling contract with Statoil, with first assignment on the Troll Field on the Norwegian continental shelf. The voyage to Norway will take place .... [+ read more] with tow-assist and the rig will arrive with all third party equipment installed and ready for final acceptance testing. Commencement of drilling operations is expected to take place around year-end. Songa Endurance is a sixth generation, high specification, harsh environment, midwater rig designed for efficient year around drilling, completion, testing and intervention operations in water depths up to 500 meters. The rig is certified DP3 and is equipped with a "state-of-the-art" drill-floor and an efficient layout with improved safety and working environment features. Songa Endurance is the second rig in a series of four Category D rigs specifically built for and contracted to Statoil.

21 Aug 2015

PSA approves exploration drilling in PL700b

Lundin Norway AS (“Lundin”) is the operator for production licence 700B and has received consent to drill exploration well 6407/10-4 in the Norwegian Sea. Drilling will begin in September 2015 at the earliest and estimated to last 69 days, depending on whether a discovery is made. .... [+ read more]

21 Aug 2015

Lundin receives approval to drill at Rolvsnes prospect

Lundin Norway AS (“Lundin”) has received consent for drilling of exploration well 16/1-25S in the North Sea. Lundin is the operator for production licence 338C in block 16/1 in the central North Sea. Exploration well 16/1-25S is to be drilled in a prospect called Rolvsnes. Drilling will begin in mid-September 2015 at the earliest and is estimated to last 45 days, .... [+ read more] depending on whether a discovery is made.

19 Aug 2015

Wintershall given approval to spud wildcat well in PL248

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, cf. Section 8 of the Resource Management Regulations. Well 35/11-18 will be drilled from the Borgland Dolphin drilling facility in position 61°09`24.40" north and 03°20`38.09" east after concluding the drilling of wildcat well 6507/3-11 S for E.ON E&P NORGE AS in production licence 650. .... [+ read more] The drilling programme for well 35/11-18 relates to the drilling of a wildcat well in production licence 248. Wintershall Norge AS is the operator with an ownership interest of 60 per cent. The other licensee is Petoro AS with 40 per cent. The area in this permit consists of parts of blocks 35/8 and 35/11. The well will be drilled about 100 km south-west of Florø and about 20 km north-west of the Fram field. Production licence 248 was awarded on 4 June 1999 (NST99). This is the second wildcat well to be drilled in the licence. The permit is contingent on the operator securing all other consents and permits required by other authorities prior to commencing the drilling activity.

17 Aug 2015

Primeline Energy to drill two wells utilising 'HAI YANG SHI YOU 941' jackup

Primeline Energy Holdings Inc. (“Primeline”) today announced that it has entered into a turnkey drilling contract with China Oilfield Service Ltd. (“COSL!) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea. Primeline signed a letter of intent with COSL on 22nd July with regards to the drilling work, and has since negotiated the formal .... [+ read more] drilling contract with COSL which was entered into on 14th August and under which the drilling operations will now proceed. Under the terms of the drilling contract, COSL has agreed to drill two wells for Primeline on a turnkey basis to the depth and target zone specified by Primeline. If hydrocarbons are discovered, COSL will also conduct tests for Primeline either on a turnkey basis or as a day rate operation as selected by Primeline. Primeline has decided to drill LS23-1-1 as the first well and, depending on the results, will then drill either location LS23-2-1 or LS30-3-1 as the second well. Primeline has the option to suspend operations after the first well if it is necessary to spend additional time carrying out any studies necessary before drilling the second well in order to ensure it is drilled in the optimal location. This two well drilling campaign is part of the rolling development programme Primeline and CNOOC are implementing in the southern part of East China Sea following the completion of development of LS36-1 gas field. Now that LS36-1 gas field is in production, thereby establishing a production hub and access to market, Primeline intends to speed up the exploration programme in order to discover more resources in the nearby area to capitalize the infrastructure and access to market. Any additional resources that are discovered in the area nearby LS36-1 in Block 33/07 can share the infrastructure so any future incremental development will be quick and cost effective. According to COSL’s current planning, LS23-1-1 is scheduled to be spudded around the middle of September 2015 using drilling rig HYSY941. An update will be announced when the drilling operations commence.

17 Aug 2015

Otto Energy makes sub-commercial find at Hawkeye-1

Red Emperor Resources NL (“Red Emperor”) has provided the following update with respect to the drilling of the Hawkeye-1 exploration well, offshore Palawan Basin in the Philippines. The Hawkeye-1 exploration well was drilled to the planned total depth of 2,920m with the top reservoir intersected at 2,710m. Hydrocarbons were logged between 2,710m – 2,737m in reservoir of variable quality. .... [+ read more] The upper reservoir section between 2,710m – 2,724m is interpreted to be gas bearing at sub-commercial volumes. The second, poorer quality reservoir (2,724m – 2,737m) provided evidence of fluorescence, usually an indicator of liquid hydrocarbons, from hand cutting returns. Unfortunately, even if confirmed oil bearing, the combination of poor reservoir and low net pay would render the potential oil leg sub-commercial. Below 2,737m water was inferred from log observations in a reservoir sequence of good quality. While the Hawkeye-1 exploration well has proven the existence of hydrocarbons in SC55, the hydrocarbon size discovered appears to be at the low end of expectations and not likely economic to develop. Hawkeye-1 will now be plugged and abandoned with results from the well to be analysed with respect to other prospects, including Cinco, in the license that potentially share the same charge source.

17 Aug 2015

VNG lines up spudding of new exploration well at PL586

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to VNG Norge AS for well 6406/12-4 A, cf. Section 8 of the Resource Management Regulations. Well 6406/12-4 A will be drilled from the Transocean Arctic drilling facility in position 64°1’7.48” north and 6°46’31.29” east after drilling wildcat well 6406/12-4 S in production licence 586. The drilling programme for well .... [+ read more] 6406/12-4 A relates to the drilling of a wildcat well 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 permit consists of part of block 6406/11 and part of block 6406/12. The well will be drilled about 33 km south-west of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). This is the fifth exploration well to be drilled in the licence. The permit is contingent on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

14 Aug 2015

Chloe Marine Corporation Ltd. announces possible sale of 'Deepsea Metro II'

The board of directors of Chloe Marine Corporation Ltd. has formally resolved to initiate a process to sell the ultra-deepwater drillship "Deepsea Metro II" and have appointed Pareto Offshore AS as the exclusive broker for the sale of the vessel. The ultra-deepwater drillship, Deepsea Metro II, is owned by Chloe Marine Corporation Ltd, a company owned by Deep Sea Metro Ltd., .... [+ read more] a joint venture between Metro Exploration (60%) and Odfjell Drilling (40%). Odfjell Drilling is the manager of the vessel. Deepsea Metro II is currently ready stacked in Curacao following completion of its contract with Petrobras in Brazil, which concluded in May 2015.

13 Aug 2015

Vantage cancels 'Cobalt Explorer' construction

On August 13th, 2015, pursuant to the terms of the contract for the construction and sale of the Cobalt Explorer, Vantage Drilling Company (“Vantage”) announced that it has terminated the contract. Vantage will seek to recover all funds paid to Daewoo Shipbuilding & Marine Engineering (“DSME”) totalling approximately USD59.5 million plus contractual interest and any other amounts due under applicable law. .... [+ read more] DSME may seek to challenge Vantage’s ability to terminate the contract pursuant to arbitration provisions in the contract, which would result in a delay in recovery of any amounts that might be due to us under the contract. In addition, DSME itself may seek to terminate the contract for our failure to make the second milestone payment for the Cobalt Explorer under the contract. Such termination by DSME might entitle it to retain all supplies delivered to the shipyard and all milestone and other payments made by us to the shipyard to date, and to elect to sell the vessel and claim any deficiency in proceeds against us. We may consider future alternatives with DSME for the delivery of the Cobalt Explorer.

13 Aug 2015

Midleton exploration well deemed non-commercial

Lansdowne Oil & Gas (“Lansdowne”), the independent oil and gas company focussed on offshore Ireland has announced that drilling at the Midleton exploration well in the Celtic Sea has been completed. Drilling was carried out using the Ocean Guardian semisub by the operator (PSE Kinsale Energy Limited), with the spudding of the well (49/11-3) taking place on 29th July 2015. The .... [+ read more] well has now reached a total depth (TD) of 3,480 feet and whilst good quality reservoirs were encountered, the volumes were not commercial and some were water bearing. The well is now being plugged and abandoned.

12 Aug 2015

E.ON comes up dry at Salander prospect

E.ON E&P Norge AS, operator of production licence 650, has completed drilling wildcat well 6507/3-11 S. The well was drilled about 12 kilometres east of the Skarv field in the Norwegian Sea. The primary and secondary exploration targets for the well were to prove petroleum in Middle and Lower Jurassic reservoir rocks (the Fangst and Båt groups). In the primary .... [+ read more] exploration target, the well encountered approx. 30 metres of reservoir rocks in the Garn formation and 60 metres of reservoir rocks in the Ile formation (the Fangst group), both with very good reservoir quality. In the secondary exploration target, about 95 and 70 metres of reservoir rocks were encountered in the Tilje and Åre formation in the Båt group, respectively, both with good to very good reservoir properties. The well is dry. Data acquisition has been carried out. The well is the first exploration well in production licence 650. The licence was awarded in APA 2011. The well was drilled to measured and vertical depths of 2470 and 2306 metres below the sea surface, respectively, and was terminated in the Åre formation in the Lower Jurassic. Water depth at the site is 350 metres. The well will be permanently plugged and abandoned. Well 6507/3-11 S was drilled by the Borgland Dolphin drilling facility, which will now proceed to production licence 248 in the North Sea to drill wildcat well 35/11-18 where Wintershall Norge AS is the operator.

12 Aug 2015

Lundin strikes oil at Luno II North prospect

Lundin Norge AS, operator of production licence 359, has completed drilling wildcat well 16/4-9 S. The well was drilled about 15 kilometres south of the Edvard Grieg field in the central part of the North Sea and 190 kilometres west of Stavanger. The objective of the well was to prove petroleum in Jurassic to Triassic reservoir rocks. The well encountered .... [+ read more] a 23-metre oil column in conglomeratic sandstone in the mentioned rocks, of which 18 metres were of moderate reservoir quality. The oil/water contact was encountered 1954 metres below the sea surface. The entire reservoir, including the water zone, consists of sandstones and conglomerates with a thickness of about 230 metres. Preliminary estimates place the size of the discovery between two and four million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be developed along with the 16/4-6 S discovery, and tie-in to the Edvard Grieg field will be considered. Extensive data acquisition and sampling have been carried out. A formation test was carried out. The production rate was 150 standard cubic metres (Sm3) of oil per flow day through a 32/64-inch nozzle opening. The test showed moderate flow properties. The oil is light with a gas/oil ratio of 210 Sm3/Sm3. This is the fourth exploration well to be drilled in production licence 359. The licence was awarded in APA 2005. The well was drilled to measured and vertical depths of 2358 and 2305 metres below the sea surface, respectively, and was terminated in Triassic rocks. The water depth is 100 metres. The well will be permanently plugged and abandoned. The 16/4-9 S well was drilled by the Bredford Dolphin drilling facility, which will now drill wildcat well 6306/5-2 in production licence 642 in the Norwegian Sea, where Repsol Exploration Norge AS is the operator.

12 Aug 2015

Statoil set to spud new wildcat well in Norway

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 16/7-11, cf. Section 8 of the Resource Management Regulations. Well 16/7-11 will be drilled from the Songa Trym drilling facility in position 58°22’52.98’’ north 02°04’05.00’’ east. The drilling programme for well 16/7-11 relates to the drilling of a wildcat well in production licence 072 B. .... [+ read more] Statoil is the operator with a 50 per cent ownership interest. The other licensee is ExxonMobil Exploration & Production Norway AS with 50 per cent. The area in this licence consists of parts of block 16/7. The well will be drilled east of the Sleipner Øst field in the central sector of the North Sea. Production licence 072 B was awarded on 24 September 2001. This is the second exploration well to be drilled in the licence. The permit is contingent on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

11 Aug 2015

Quadrant Energy comes up dry at Levitt-1

Karoon Gas Australia Ltd (“Karoon”) announced that as of 19:30 AWST on 8th August 2015, the Levitt-1 exploration well in WA-482-P Carnarvon Basin, off- shore Western Australia reached a final total depth of 4,929 mRT. No hydrocarbons shows were noted while drilling and petrophysical analysis of LWD data indicates the good quality reservoir of the Legendre and North Rankin .... [+ read more] formations to be water bearing at this location. Since the June 2015 Quarterly Report, announced 31st July 2015, the 9-5/8” casing was run and cemented in place. The 8-1/2” hole section was then drilled 504 metres from 4,425 mRT to TD. A wireline logging program is now underway. Once the wireline logging program is complete, the well will be plugged and abandoned, completing the current exploration drilling program in WA-482-P. Karoon has a 50% equity interest in WA-482-P and is carried for 90% of the cost of the well. Joint venture partner, and operator Quadrant Energy Australia Ltd has the remaining 50% interest. The net cost to Karoon is expected to remain within the USD5 million budget.

11 Aug 2015

No hydrocarbons likely at MZ-1

Pura Vida Energy NL (“Pura Vida”) advises that the MZ-1 exploration well offshore Morocco has drilled through the three prognosed Jurassic fans and the well has reached a final depth of 6,150 metres Sub Sea True Vertical Depth (SSTVD) within Triassic aged sediments and wireline logs are expected to be run shortly. Preliminary results from available drilling data (excluding wireline logs) .... [+ read more] indicate that no oil shows have been encountered. After completion of wireline logging, the well is expected to be plugged and abandoned as planned. Whilst final costs in relation to the well are not yet available, the Company anticipates costs to be in line with budget expectations. The decision was made by the joint venture to deepen the well to 6,150 metres to intersect the Lower Jurassic source rocks and test Jurassic Fan-3, which has provided valuable information and the ability to fully calibrate all data prior to selection of the location of the second well. Pura Vida’s Managing Director, Mr Damon Neaves commented: “MZ-1 is Pura Vida’s first exploration well and although this result is a set-back, we will now renew our efforts in pursuing the prospectivity in the Mazagan permit with the benefit of the information we have gained from this well. Mazagan represents a large acreage position containing multiple play types and prospects, what we’ve learned from MZ-1 will help us define the best prospect for our next well on the Mazagan permit. We congratulate the Operator for safely and efficiently completing the MZ-1 deep water well. Pura Vida has built a diversified portfolio that ensures a pipeline of future opportunities to create value for our shareholders.” With regards to a second well, PXP Morocco BV, a subsidiary of Freeport-McMoRan Oil & Gas as Operator of the Mazagan permit (Operator), entered into a rig share agreement with Kosmos Energy Ventures for two well slots with the Atwood Achiever deep water drillship to drill two wells in the Mazagan permit. Pura Vida has been advised by the Operator that it has agreed with Kosmos to cancel the second slot under those arrangements. Rates for deep water drillships have fallen sharply since the Atwood Achiever was contracted and the Operator has cancelled the second slot under the rig share agreement in order to contract another vessel to take advantage of the current weakness in market conditions for rigs with the aim to reduce the cost of the second well. 2 Under the farmin agreement between the Operator and Pura Vida entered into in January 2013, the drilling of the second well must be commenced by no later than September 2016. If the joint venture is successful in securing a drillship at a lower rate, the risk of the cost of the two wells exceeding the US$215 million limit on carry under the farmin agreement will be reduced. This will also have the benefit of reducing Pura Vida’s reliance (if any) on the option for an additional carry in excess of the US$215 million limit, thereby reducing the risk that Pura Vida’s equity in the permit will be diluted

11 Aug 2015

Lundin set to spud Neiden prospect

Lundin Norway AS (“Lundin”) has received consent to drill exploration well 7220/6-2 in the Barents Sea. Lundin is the operator for production licence 609 in block 7220/6 in the Barents Sea. Exploration well 7220/6-2 is to be drilled in a prospect called Neiden. Drilling is scheduled to begin in mid-August 2015 at the earliest and estimated to last 40 days. .... [+ read more]

10 Aug 2015

Maersk Drilling secures contract for 'Maersk Giant'

Maersk Drilling has been awarded a new contract for the jackup rig Mærsk Giant with Danish energy company DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is USD16m. The contract is in direct continuation of the current contract with Talisman keeping .... [+ read more] Maersk Giant employed until March 2016. “We are very pleased to continue our good corporation with DONG Energy, one of our key customers in the North Sea,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group and continues: “In order to navigate the low visibility in the current market, it is essential that we reduce our exposure by securing a solid contract backlog. Therefore, it is also rewarding to see that we secure employment for the Mærsk Giant, which otherwise would have been stacked.”

5 Aug 2015

Lundin successful with Edvard Grieg appraisal

Lundin Petroleum AB (“Lundin”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has completed the drilling and logging of appraisal well 16/1-23 S on the Edvard Grieg field in the Norwegian North Sea. The well was located in PL338 and was drilled approximately 2.4 km southeast of the Edvard Grieg platform location. The objectives of .... [+ read more] the well were to further delineate the south eastern part of the Edvard Grieg field southwestwardly from last year’s successful appraisal well 16/1-18 in order to optimise the drainage strategy and to determine the best possible location for production wells in this area. The well was also testing incremental resource potential in this part of the field. The well encountered a 66 metres gross oil column in pebbly sandstone with medium to good reservoir quality. Extensive data acquisition and sampling is currently ongoing with the initial data results appearing very promising with regard to additional in-place volumes. The integration of these positive well results will be used to optimise the drainage strategy and to determine the best possible location for production wells in this area. Ashley Heppenstall, President and CEO of Lundin Petroleum, comments: “The Edvard Grieg southeast appraisal well has been successful. This well, together with last year’s appraisal well in the same area of the field, will in my opinion result in an increase to the Edvard Grieg reserves at the end of this year. The low incremental cost of developing such barrels will add value to the Edvard Grieg asset.” This is the tenth exploration/appraisal well in PL338 of which seven have been drilled on the Edvard Grieg field. The licence was awarded on 17 December 2004 (APA 2004). The well was drilled to a vertical depth of 2,043 metres below the sea surface and terminated in granite basement. The well will be permanently plugged and abandoned. Water depth at the site is 108 metres. The well was drilled by the jack-up rig Rowan Viking which will return to the Edvard Grieg platform to continue drilling of production and injection wells. Lundin Norway is the operator of PL338 with 50 percent working interest. The partners are OMV Norge AS with 20 percent working interest, Statoil Petroleum AS with 15 percent working interest and Wintershall Norge AS with 15 percent working interest.

4 Aug 2015

Otto spuds Hawkeye-1

Otto Energy Ltd (“Otto”) has provided the following update on the drilling of the Hawkeye-1 exploration well, offshore Palawan Basin in the Philippines as at 0600 hours (AWST) on 3rd August 2015. Progress The Hawkeye-1 exploration well was spud at 1610 hours (AWST) on 31st July 2015. The 36” conductor was run to 1,906 metres and the 26” hole subsequently drilled .... [+ read more] to 2,449 metres. Current operations are to cement the 20” casing string. Forward Plan The forward plan is to connect the blow-out preventer to the wellhead and pressure test before commencing to drill the 17 ½” hole to just above the primary target reservoir. The next update will be provided once the 12 ?” section is drilled into the primary target reservoir, anticipated to occur about two weeks from now. The Hawkeye-1 exploration well will be plugged and abandoned upon completion of drilling and logging. All measurements are from the rig rotary table.

30 Jul 2015

'Maersk Venturer' arrives at Philippines drilling location

Red Emperor Resources NL (“Red Emperor”) is pleased to announce that the load-out of the Maersk Venturer drilling rig has been completed with the vessel now at the Hawkeye drilling location. Drilling will commence over the coming weekend once the rig has been accurately secured over the required drilling location. As one of the most modern and advanced drillships in the .... [+ read more] world, the Maersk Venturer has the required capability to drill the Hawkeye-1 exploration well, with the drilling program expected to last 23 days. The exploration well has been designed to reach the top of target reservoir approximately 1,000m below the sea bed floor and intersect the gas oil contact to prove or otherwise the presence of the oil leg. Red Emperor intends to update the market weekly on the progress of operations.

29 Jul 2015

MZ-1 exploration well disappoints in Morocco

Pura Vida Energy NL (“Pura Vida”) advises that the MZ-1 exploration well has reached a depth of 4,653 metres within the Lower Cretaceous and that wireline logs have been run to evaluate the entire open hole section of the well. Preliminary results from all of the data gathered to date indicates that there is no effective reservoir in either of the .... [+ read more] secondary objectives in the Cenomanian and Aptian intervals and there were no oil shows encountered. Current operations include running casing, prior to drilling ahead to the firm Total Depth (TD) of 5,600 metres in the Jurassic, to test the primary objectives of the basin floor fans, Fan-1 and Fan-2. After drilling through these targets a decision will be made whether to deepen the well to 6,150 metres to test a third Jurassic fan, Fan-3. Managing Director, Mr Damon Neaves commented: “We are disappointed that the well failed to encounter reservoir in the secondary objectives in the Cretaceous, however we expect to intersect the primary targets in the Jurassic and look forward to reporting those results shortly.”

29 Jul 2015

Anadarko confirms discovery with Kronos well

Anadarko continues an active deepwater exploration program. The company's first well, Kronos, in the frontier basin offshore Colombia, encountered 130 to 230 net feet of natural gas pay in the upper objective, proving the presence of a working petroleum system and validating the company's geologic and seismic interpretations. Drilling is ongoing toward the deeper objective before mobilizing the rig to drill .... [+ read more] the Calasu prospect, which is also located in the 4.5-million-acre Grand Fuerte Block, approximately 100 miles northeast of the Kronos well.

29 Jul 2015

Petronas spuds Irish exploration well

Lansdowne Oil & Gas Plc (“Lansdowne”), has announced that the operator of the SEL 4/07 licence in the north of the Celtic Sea spudded the wildcat on the Midleton prospect in the early hours of Wednesday morning with the semi-submersible Ocean Guardian. The well is scheduled to take approximately 20 to 30 days to drill, with Petronas subsidiary Kinsale Energy funding .... [+ read more] 100% of the drilling costs. Midleton is estimated to hold potential for 330 billion cubic feet of gas initially in-place from the same Lower Cretaceous ‘A’ sands that are already producing at Kinsale Head.

27 Jul 2015

Maersk Drilling announces contract extension in Norway

Maersk Drilling has been awarded a contract extension for the jackup rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months. The extension is in direct continuation of the current contract expiring in February 2017, thus keeping the rig continuously contracted until .... [+ read more] June 2018. The estimated value of the contract extension is USD142m. “We are very pleased to see the Mærsk Innovator continue to work for ConocoPhillips,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Mærsk Innovator has been working for ConocoPhillips since 2010.

27 Jul 2015

Yinka Folawiyo Petroleum (YFP) spuds Aje-5 well in Nigeria

Panoro Energy ASA ("Panoro"), the independent E&P company with assets in Nigeria and Gabon, is pleased to announce that drilling has commenced on the Aje-5 production well on the OML 113 license, offshore Nigeria. The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig. Aje is an offshore field located in the western part of Nigeria in the .... [+ read more] Dahomey Basin close to the border with Benin. The field is situated in water depths ranging from 100 to 1,000 metres about 24 km from the coast. Panoro Energy holds a 6.502% participating interest in OML 113 (with a 12.1913% revenue interest and 16.255% paying interest in the Aje Field). The Aje Field contains hydrocarbon resources in sandstone reservoirs in three main levels - a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir. The Aje-5 well is being drilled from a seabed location close to Aje-4 in 300 metres water depth. The well will be drilled as a deviated well targeting a location close to the Aje-2 subsurface location where that well encountered and tested high quality oil-bearing Cenomanian reservoir. Following drilling, the Aje-5 well will be completed as a subsea oil production well. The drilling and completion for Aje-5 is expected to take approximately 70 days. Following this the rig will be used to re-enter the existing Aje-4 well to complete it as a second Cenomanian subsea oil production well. Installation of the production manifold, flowlines, umbilicals and risers will take place in Q4 2015 after which the FPSO vessel the ‘Front Puffin’ will be installed and commissioned. Production is expected to commence by year end 2015 at an initial anticipated production flow rate of approximately 1,100 bopd, net to Panoro from these two wells, in accordance with the first phase of the approved Field Development Plan.

24 Jul 2015

NPD confirm Haribo prospect dry well

Edison Norge AS, operator of production licence (PL) 616, is in the process of completing the drilling of wildcat well 2/11-11. The well was drilled about seven kilometres southwest of the Valhall field and about five kilometres west of the Hod field in the North Sea. The primary exploration target for the well was to prove petroleum in Upper Cretaceous .... [+ read more] chalk rocks (the Hod formation). Well 2/11-11 encountered about 330 metres of reservoir rocks in the Hod formation with poor reservoir quality. The well is dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 616. The licence was awarded in APA 2011. Well 2/11-11 was drilled to a vertical depth of 3388 metres below the sea surface and was terminated in the Hidra formation (Upper Cretaceous). Water depth at the site is 68 metres. The well will now be permanently plugged and abandoned. Well 2/11-11 was drilled by the Transocean Searcher drilling facility, which will now be laid up.

24 Jul 2015

Statoil announces discovery at Julius

Statoil Petroleum AS, operator of production licence 146, is in the process of concluding the drilling of wildcat well 2/4-23 S. The well was drilled about 17 kilometres northeast of the Ekofisk field, near the 2/4-21 (King Lear) discovery in the southern part of the North Sea. The primary exploration target for the well was to prove petroleum in Upper .... [+ read more] Jurassic reservoir rocks (the Ula formation) and Middle Jurassic reservoir rocks (the Bryne formation), as well as to delineate the 2/4-21 discovery (King Lear), which was proven in Upper Jurassic reservoir rocks (the Farsund formation) in the summer of 2012. Before well 2/4-23 S was drilled, the operator's resource estimate for King Lear was between 11 and 32 million standard cubic metres of recoverable oil equivalents. The secondary exploration target for 2/4-23 S was to prove petroleum in Upper Triassic reservoir rocks (the Skagerrak formation). In the primary exploration target, the well encountered 41 metres of gas/condensate-filled sandstone rocks in the Ula formation, with moderate reservoir quality. The petroleum/water contact was not encountered. Preliminary estimates place the size of the discovery at between 2.5 and 12 million Sm3 of recoverable oil equivalents. The well also encountered 30 gross metres of water-filled sandstone with poor reservoir quality in the Bryne formation. In addition, the well encountered a 20-metre thick gas/condensate column in the Farsund formation, in two zones of five metre thick reservoir rocks with moderate/good reservoir quality, which confirmed pressure communication with the 2/4-21 King Lear discovery. Delineation of the 2/4-21 discovery will not lead to any change in the resource estimates. The Skagerrak formation had poor reservoir quality and was water-filled. The well was not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will assess the discoveries together, with a view toward an optimal development. This is the fourteenth exploration well in production licence 146, which was awarded in the 12th licensing round. Well 2/4-23 S was drilled to a vertical depth of 5548 metres below the sea surface, and was terminated in sandstone in the Skagerrak formation in the Upper Triassic. Water depth at the site is 68 metres. The well will now be permanently plugged and abandoned. Well 2/4-23 S was drilled by the Mærsk Gallant, which will now proceed to PL 018 to do well work on the Eldfisk field in the North Sea.

24 Jul 2015

Paragon Offshore delays delivery of 'Prospector 6'

Paragon Offshore Plc (“Paragon”) today announced that the company’s wholly-owned subsidiary has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., Ltd. to extend the delivery date of the high-specification Prospector 6 to April 15th. 2016. Under the terms of the agreement, no payments are due to the shipyard until the delivery date and upon completion of the delivery protocol. .... [+ read more]

24 Jul 2015

Paragon Offshore closes sale & leaseback transaction

Paragon Offshore Plc ("Paragon") today announced that certain wholly owned subsidiaries of the company, which were part of the company's acquisition of Prospector Offshore Drilling S.A. ("Prospector"), have closed the combined USD300 million sale-leaseback financing facility that was announced on June 4th, 2015. Net of fees and expenses, Prospector received net proceeds of approximately USD292 million. Both the Prospector 1 .... [+ read more] and Prospector 5 will now be leased back to Paragon for a five-year period.

21 Jul 2015

Dry well at Haribo prospect in Norway

The Haribo exploration well has been drilled to total depth without encountering hydrocarbons. The well will now be plugged and abandoned. Noreco Norway AS (“Noreco Norway”), part of Norwegian Energy Company ASA group, holds a 20% interest in the licence. Spudded on 21st June 2015 the well was drilled by the semi-submersible drilling rig Transocean Searcher on the Haribo prospect, which .... [+ read more] is located 10 km south west of the Valhall Field in the Norwegian part of the North Sea. The partners in Licence PL616 include Edison Norge (operator with 25%), Noreco Norway (20%), Concedo (20%), Lime Petroleum Norway (15%), North Energy (15%) and Skagen 44 (5%).

20 Jul 2015

Karoon releases Levitt-1 update

Karoon Gas Australia Ltd (“Karoon”) is pleased to announce that the Levitt-1 exploration well in WA-482-P Carnarvon Basin, offshore Western Australia was drilling ahead in the 12-1/4” hole section at a depth of 2,918 mRT. Since the 6th July 2015 Progress Report No 1, the 17-1/2” hole section was drilled to a depth of 2,099 mRT where the 13-5/8” casing was .... [+ read more] run and cemented in place at 2,094 mRT. Blowout Preventer installation and testing was then completed, the casing shoe drilled out and drilling ahead commenced in the 12-1/4” hole section. The Ocean America semi-submersible drilling rig is being used to drill the well which is targeting a net unrisked prospective resource best estimate of 110mmbbls (gross 220mmbbls) . Total depth is expected to be reached during early August. Levitt-1 is designed to test the presence of a working petroleum system generating from the Wigmore sub-basin.

17 Jul 2015

ConocoPhillips cancels 'ENSCO DS-9' contract

Effective today, ConocoPhillips has informed Ensco Plc (“Ensco”) that it has issued a notice of termination for the three-year ENSCO DS-9 drillship contract. Under the terms of the contract, ConocoPhillips is obligated to pay Ensco termination fees monthly for two years equal to the operating day rate of approximately USD550,000, which may be partially defrayed should Ensco re-contract the rig within .... [+ read more] the next two years and/or mitigate certain costs during this time period while the rig is idle and without a contract. ConocoPhillips is also contractually obligated to reimburse certain costs that Ensco incurs due to the termination of the contract for ConocoPhillips’ convenience. Given these contract terms, Ensco does not anticipate a material negative impact to its financial results for 2015 and 2016 as a result of this termination. ENSCO DS-9 was recently delivered and had been scheduled to commence its initial drilling contract for ConocoPhillips in the fourth quarter of this year.

17 Jul 2015

Maersk Drilling secures five year extension in Azerbaijan

Maersk Drilling has been awarded a five-year contract extension for the semi-submersible Heydar Aliyev (Maersk Explorer) rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea offshore Azerbaijan. The extension is in direct continuation of the current .... [+ read more] contract ending May 2016 and extends the contract until May 2021. The estimated value of the contract extension is up to USD523m. “We are very pleased with the extension for the Heydar Aliyev rig and look forward to continue our long standing cooperation with BP,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group, and continues: “With this contract we continue to build our contract backlog providing further revenue visibility. It is very encouraging that we continue to build backlog in this very challenging market.”

16 Jul 2015

'COSLProspector' spuds first well in South China Sea

China Oilfield Services Limited (“COSL”) said its deepwater drilling rig COSLProspector recently has commenced drilling operation for its first oil well in the deep water regions in South China Sea. In order to ensure smooth completion of this inaugural drilling operation, the Company made thorough pre-drilling preparations. This operation is carried out for an oil well sitting at a water depth .... [+ read more] of 1,289 meters, and a designed drilling depth of the rig at 3,626 meters. COSLProspector is a deepwater semi-submersible drilling rig equipped with Dynamic Position System with a maximum operation water depth of 1,500 meters and a maximum drilling depth of 7,500 meters. This rig has met requirements by both Det Norske Veritas (“DNV”) and NORSOK standards for offshore drilling platforms. This rig has met requirements to operate under freezing temperature, environmental-friendly and low temperature conditions, capable of performing operations in waters under extreme conditions. It can adapt to 90% of the water conditions in the world. Smooth operation of COSLProspector provides leading technology and equipment support to COSL’s participation in competition in the international deepwater drilling market.

16 Jul 2015

CIMC Raffles cuts steel on Sinopec newbuild jackup

On 16th July 2015, CIMC Raffles struck first steel at its CIMC Raffles Yantai shipyard in China on a new 90 meter jackup rig for the Sinopec Group. The jackup has been designed by the Sinopec Drilling Technology Research Institute whist CIMC Raffles was responsible for detailed design, producing design and construction. Upon completion the unit will be managed by SINOPEC .... [+ read more] Shengli Offshore Drilling Company (“SLODC”), with an operating depth of 91.4 meters and a maximum drilling depth of 9,144 meters.

15 Jul 2015

Wintershall given approval to spud the Syrah prospect

Wintershall has received consent to drill exploration well 35/11-18 in the North Sea. Wintershall is the operator for production licence 248 in block 35/11 in the North Sea. The formation into which the well will be drilled is designated 'Syrah'. Drilling is scheduled to begin in August 2015 and estimated to last 48 days, depending on whether a discovery is made. .... [+ read more]

15 Jul 2015

Wintershall comes up dry at Zeppelin

Wintershall Norge AS, operator of production licence 734, is in the process of completing the drilling of wildcat well 10/4-1. The well was drilled about 35 kilometres southeast of the Yme field in the North Sea. The primary exploration target for the well was to prove petroleum in Upper Jurassic reservoir rocks (the Sandnes formation) and in Middle Jurassic reservoir .... [+ read more] rocks (the Bryne formation). The secondary exploration target was to prove petroleum in Upper Permain reservoir rocks. Well 10/4-1 encountered approx. 90 metres of reservoir rocks in the Sandnes and Bryne formations with good reservoir quality. The well did not encounter a reservoir in Permian rocks. The well is dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 734. The licence was awarded in APA 2013. Well 10/4-1 was drilled to a vertical depth of 2348 metres below the sea surface and was terminated in rocks from the Late Permian Age. Water depth at the site is 98 metres. The well will now be permanently plugged and abandoned. Well 10/4-1 was drilled by the Borgland Dolphin drilling facility, which will now proceed to drill wildcat well 6507/3-11 S in production licence 650 in the Norwegian Sea, where E.ON E&P Norge AS is the operator.

15 Jul 2015

Songa receives notice of arbitration from Daewoo

Songa Offshore SE (“Songa”) has announced that Daewoo Shipbuilding and Marine Engineering Co. Ltd. (“DSME”) has delivered notices of arbitration in respect of the construction contracts for Songa’s Cat D semisub rigs. No details regarding the dispute have been included in the notices by DSME. As informed by Songa in its first quarter 2015 interim financial report, DSME has experienced significant .... [+ read more] delays and cost overruns during the Cat D project. Irrespective of that, the Songa continues to be of the view that any attempt to recover cost overruns is of no merit and will defend its position vigorously.

14 Jul 2015

Maersk Drilling retires 'Maersk Endurer'

Maersk Drilling has decided to decommission the Maersk Endurer rig from its operational fleet and recycle the rig at Zhoushan Changhong International Ship Recycling in China. “Given the current market situation and the oversupply of drilling rigs in the offshore market, there is a strong need to retire older rigs. Therefore, Maersk Drilling has decided to decommission its oldest rig in .... [+ read more] the fleet, Maersk Endurer,” says Morten Pilnov, Head of Global Sales in Maersk Drilling. The rig will be transported to Zhoushan Changhong International Ship Recycling in mid-July 2015, and it will take approximately 15 weeks to recycle the rig. “It is Maersk Drilling’s ambition to decommission Maersk Endurer in a safe and responsible way with minimal environmental impact. Therefore, Maersk Drilling has chosen Zhoushan Changhong International Ship Recycling to recycle Maersk Endurer. Maersk Drilling has furthermore engaged Sea2Cradle to carry out inspections and supervise the entire process,” Morten Pilnov explains and continues: “We chose this option because we consider it to be the safest and most cost-effective approach, with the lowest environmental risks. Zhoushan Changhong International Ship Recycling is a state-of-the-art rig recycling facility, and the facility complies with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships and the European Union Ship Recycling Regulation.” The Maersk Endurer is Maersk Drilling’s oldest rig in the fleet. The rig is a jack-up rig, and it was built in 1984, and has latest been working offshore Cameroon.

14 Jul 2015

Paragon Offshore embarks upon wave of cold stacking

Paragon Offshore Plc (“Paragon”) has announced it has taken the decision over the past month to cold stack eight jackup rigs. The announcement follows the company’s release of its updated fleet report in which Paragon has laid out plans to cold stack four jackups in the USA following their move from Mexico (B301, L1113, L781 and M821). In addition to these .... [+ read more] four units, the company has cold stacked the L785 jackup in Malaysia, the L783 jackup in Cameroon and the L1116 and M531 units in the USA. The eight jackups have a combined average age of 37 years and are at the older end of the operational rig fleet spectrum. This wave of cold stacking comes as these units concluded their existing contracts and with no future contracts on the horizon, Paragon has taken the decision to remove them from its active fleet.

13 Jul 2015

KS Drilling delay delivery of newbuild jackup

KS Energy Limited (“KS Energy”) has announced that one of the company’s subsidiaries KS Drilling has reached an agreement with COSCO shipyard to delay the delivery of a newbuild jackup rig. The unit in question is hull number 408 (KS Orient Star 2), which was ordered from the shipyard in 2011. The unit was originally scheduled to be delivered in Q1 .... [+ read more] 2014, and was then reported to have been delivered in January 2015; however, KS Drilling has now pushed this back until 30th April 2016. Under the terms of the new agreement KS Drilling are entitled to take delivery of the rig at any time prior to the 30th April 2016, so long as COSCO shipyard receives full payment five working days in advance. KS Drilling and COSCO shipyard have also, mutually agreed that: in the event that either party receives an offer from a third party under which both parties could recover their respective costs, either party shall be entitled to sell the rig.

13 Jul 2015

Lundin gets drilling permit for Neiden prospect

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/6-2, cf. Section 8 of the Resource Management Regulations. Well 7220/6-2 will be drilled from the Island Innovator drilling facility in position 72°34’13.13” north and 20°58’19.97” east. The drilling programme for well 7220/6-2 relates to the drilling of a wildcat well in production licence 609. Lundin .... [+ read more] Norway AS is the operator with a 40 per cent ownership interest, and the licensees are Idemitsu Petroleum Norge AS with 30 per cent and RWE Dea Norge AS with 30 per cent. The production licence consists of the blocks/part of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. The production licence was awarded in the 21st licensing round in 2011. Wildcat well 7220/6-2 will be the fifth exploration well in production licence 609. This permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

10 Jul 2015

North Atlantic Drilling secures new contract for 'West Phoenix'

North Atlantic Drilling ("NADL") has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately USD62 million. A portion of the USD62 million will be paid during the currently anticipated .... [+ read more] idle period from the beginning of September 2015 to the middle of March 2016. The Company has the ability to market the rig for alternate work during this period. As part of the agreement to extend the West Phoenix, the Company has agreed to a dayrate reduction on the current contract effective from June 1, 2015 until its expected conclusion at the end of August 2015, resulting in a reduction to the remaining revenue potential of approximately USD16 million.

8 Jul 2015

Global Maritime secures mooring work in Australia

Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Woodside. Under the contract with Woodside, Global Maritime Deep Sea Mooring will perform mooring and rig positioning services for semi-submersible drilling unit Ocean Monarch, which is drilling at the Julimar field on the Northwest Shelf, .... [+ read more] Australia. Mobilisation and offshore operations commenced in May 2015. “Winning this contract confirms the importance of flexibility and local presence, with availability of equipment and personnel. We are very pleased that our unique advanced technologies and equipment specifications are highly appreciated by key industry players”, says Managing Director Barry Silver in Global Maritime Deep Sea Mooring Australia. “This is our first contract with Woodside, and we look forward to developing a close cooperation going forward”.

8 Jul 2015

Pacific Drilling delays delivery of 'Pacific Zonda'

Pacific Drilling Ltd. (“Pacific”) has announced that the company plans to delay the delivery of its newbuild ultra-deepwater drillship, the Pacific Zonda from September 2015 through to Q1 2016. It is believed that the continued decline in contracting opportunities in the global rig market has influenced this decision; especially as in Q1 2015 Pacific announced that it intended to maintain the .... [+ read more] unit’s delivery schedule, due to its strong construction contract. The decision may have been further impacted by Pacific’s struggle to secure a firm contract for its recently delivered Pacific Meltem drillship, which is currently ready stacked in the USA and has been since December 2014. In the past the rig manager has laid out that the company will not spend money on mobilising a unit to a geographical location where they already have rigs available.

7 Jul 2015

Eni extends 'Atwood Beacon' contract

Atwood Oceanics, Inc. (“Atwood”) announced today that one of its subsidiaries had reached an agreement for a six-month extension of its existing contract with Eni S.p.A. (“Eni”) for the jackup rig, Atwood Beacon. The Atwood Beacon commenced its initial two-year drilling services contract with Eni on December 24th 2013, for operations offshore Italy. The agreement revises the day rate .... [+ read more] to €117,155 (USD129,365), inclusive of equipment upgrade costs, from €135,100 (USD149,180) beginning March 1st, 2015 and extends the Atwood Beacon's firm commitment from December 24th, 2015 through June 2016.

7 Jul 2015

'ENSCO 107' completes drilling operations on Maari Grwoth Project

Horizon Oil (“Horizon”) is pleased to report the successful completion of the Maari Growth Project with the final well, MR10, now in production. The MR10 well has been successfully drilled and completed and, as of 6th July 2015, was flowing approximately 2,000 barrels of oil per day (“bopd”), with daily production of approximately 16,500 barrels of oil per day. The final .... [+ read more] flow rate for MR10 will be optimised by the Operator, OMV New Zealand, based on engineering data collected as the well continues to stabilise. A total of four new production wells were drilled in the Maari Growth Program using the Ensco 107 jackup rig. The operator of the Maari joint venture anticipates the field’s production capacity to increase to approximately 20,000 bopd with the optimisation of production from MR10 and an upcoming 2015 work-over campaign. The Ensco 107 is now being prepared for demobilisation from the Maari Field. The Maari joint venture’s work-over unit (“WOU”) equipment is being prepared for scheduled load out to the wellhead platform in late July 2015. The WOU will be used to carry out maintenance workovers and other activities such as adding perforations to further enhance production. The work-over campaign is scheduled will commence after the demobilisation of the Ensco 107.

7 Jul 2015

'KS Java Star' contract terminated

KS Energy Ltd. has announced that the contract awarded to its KS Java Star jackup rig on the 6th March 2015 with a value of USD7.2 million has now been cancelled. The contract was cancelled following various meetings with the client, and their request to delay the beginning of the contract. The client chose to terminate the contract as both parties .... [+ read more] were unable to agree upon a new contract start date.

6 Jul 2015

Global Maritime to provide mooring for 'Ocean America'

Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services for the Australian oil and gas company Quadrant energy. Under the contract with Quadrant Energy, Global Maritime Deep Sea Mooring will perform mooring and rig positioning services for both semi-submersible and jack-up operations on the Northwest Shelf, Australia. The contract will begin .... [+ read more] with Quadrant Energy’s use of the Ocean America for drilling operations on the Levitt-1 well.

6 Jul 2015

Levitt-1 well spudded in Australia

Karoon Gas Australia Ltd (“Karoon”) is pleased to announce the commencement of the high impact Levitt-1 exploration well in WA-482-P Carnarvon Basin, off-shore Western Australia. Levitt-1 spudded at 1230 AEST on 4th July 2015. The shallow hole section has been drilled 73 metres, in a water depth of 1,163 metres to the current depth of 1,262 mRT and the conductor casing .... [+ read more] has been set. Preparations are underway to commence drilling in the 17-1/2” hole section later today. The Ocean America semisubmersible drilling rig is being used to drill the well which is targeting a net unrisked prospective resource best estimate of 110mmbbls (gross 220mmbbls). Total depth is expected to be reached during early August.

6 Jul 2015

'Maersk Discoverer' finished well 62 days ahead of time

At the beginning of May 2015, the crew on-board the Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m of gas pay in high-quality Oligocene sandstones. On 5th May, Maersk Discoverer completed the deepest well ever drilled in Egypt and .... [+ read more] the longest ever drilled in the Mediterranean Sea. What makes the well an even greater success is that it was drilled in 234 days, which was a staggering 62 days ahead of BP’s AFE target, thus creating a substantial cost saving.

3 Jul 2015

Vantage respond to reports surrounding 'Titanium Explorer' contract

Vantage Drilling Company ("Vantage") has challenged reports alleging that the arrest of a former Petrobras International Director was tied in some way to the Company's contract with Petrobras for the Titanium Explorer. "Several hundred contracts were signed by this former Director, which in Vantage's case, was after the parent board of Petrobras had approved the contract," said Paul Bragg, Chairman and .... [+ read more] CEO of Vantage. Vantage is fully performing under the contract and found no evidence that would substantiate any allegation of improper activity by Vantage in connection with the award of the contract. Paul Bragg additionally commented, "Vantage has always been committed to conducting itself in accordance with the highest standards of business ethics. We do not believe that any inappropriate act was committed by any personnel associated with Vantage. Although we are disappointed that recent news reports have suggested that a former Petrobras International Director was arrested on the suspicion of some form of wrongdoing associated with Vantage, as well as with other companies contracted to Petrobras, we are confident that any suggestion is without merit as it relates to Vantage."

3 Jul 2015

Origin Energy completes Yolla-5 development well

AWE Limited (“AWE”) has announced that the Operator of the BassGas joint Venture in permit T/L1, Origin Energy (“Origin”), has confirmed that the the Yolla-5 development well has reached a Total Depth of 3,384m Measured Depth below Rotary Table (“MDRT”). Yolla-5 has successfully intersected the primary reservoir targets located in the Paleocene EVCM sands. Good continuity of reservoir quality and thickness .... [+ read more] is observed between Yolla-5 and Yolla-6. The well has been logged, evaluation of results is ongoing and preparations are in place to case and complete the well before being commissioned for production and tied-in to the Yolla facility. The Yolla-5 and Yolla-6 development wells have been drilled using the West Telesto jack up rig and represent Stage 2 of the BassGas Mid Life Enhancement (MLE) project. The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria.

2 Jul 2015

Det Norske completes two Ivar Aasen appraisal wells

Det norske oljeselskap AS, operator of the Ivar Aasen field, has completed the drilling of appraisal wells 16/1-22 S, 16/1-22 A and 16/1-22 B. The field is located in the central part of the North Sea and was proven in 2008. The size of the field prior to drilling the appraisal wells was 24 million standard cubic metres (Sm3) of recoverable .... [+ read more] oil, 1 million Sm3 of recoverable condensate and 4.5 billion Sm3 of recoverable gas. The objective of well 16/1-22 S was to investigate reservoir rocks and reservoir quality, as well as secure depth control along the west flank of the field in Middle Jurassic to Upper Triassic reservoir rocks (the Hugin, Sleipner and Skagerrak formations) in order to optimise well sites with a view to the drainage strategy. Sidetracks 16/1-22 A and 16/1-22 B were drilled 1000 metres northeast and 1350 metres north, respectively, of 16/1-22 S in order to investigate reservoir rocks and perform additional data acquisition. 16/1-22 A also aimed to investigate an underlying seismic anomaly. 16/1-22 S encountered a 3-metre oil column in sandstone of good to very good reservoir quality in the Skagerrak formation. The oil is saturated with a gas/oil ratio of about 160 Sm3/Sm3, as is the case otherwise in the western part of the field (16/1-11, 16/1-11 A and 16/1-9). The oil/water contact was not encountered, but was calculated at about 2435 metres, which is deeper than the previously calculated oil/water contact for the Skagerrak formation (16/1-11 A). 16/1-22 A encountered a total oil column of about 55 metres in the Skagerrak formation, 30 metres of which was in sandstone of varying reservoir quality, from moderate to very good. The oil/water contact was not encountered. The seismic anomaly is linked to the top of a total oil column of about 25 metres in underlying sandstone (alluvial fan), 15 metres of which had moderate reservoir properties. The oily part of the alluvial fan is not included in the field's previously reported reserves. 16/1-22 B encountered a total oil column of about 45 metres in the Skagerrak formation, 25 metres of which was in sandstone of good to very good reservoir quality. The oil/water contact was not encountered. None of the wells were formation-tested, but comprehensive data collection and sampling was conducted. The results have yielded valuable information as regards the final location of production and water injection wells. Gas was not encountered in the wells. The Plan for Development and Operation (PDO) of the Ivar Aasen field was submitted to the Ministry of Petroleum and Energy on 21 December 2012. Wells 16/1-22 S, 16/1-22 A 16/1-22 B were drilled to measured depths of 2640, 2896 and 3215 metres, respectively, and vertical depths of 2562, 2468 and 2501 metres below the sea surface. They were all terminated in the Skagerrak formation in the Upper Triassic. The wells have been permanently plugged and abandoned. Water depth at the site is 113 metres. The wells were drilled by the Maersk Interceptor drilling facility, which will now continue production drilling on the Ivar Aasen field once the platform's jacket has been installed.

2 Jul 2015

Premier receives approval to drill Myrhauk prospect

Premier Oil Norge AS (“Premier”) has received consent to drill exploration well 3/7-10 S in the southern part of the North Sea. Premier is the operator of production licence 539 in block 3/7 in the North Sea. The formation to be drilled into is called Myrhauk and is around 240 kilometres from the nearest mainland at Lista. Drilling is scheduled to .... [+ read more] begin in August 2015 and estimated to last 62 days, depending on whether a discovery is made. The well will be drilled by Mærsk Guardian which 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.

2 Jul 2015

Otto Energy to mobilise 'Maersk Venturer' towards end of July

Otto Energy Ltd (“Otto”) is pleased to announce it has issued Maersk Drilling with formal notice in respect of the mobilisation of the Maersk Venturer drillship to the Hawkeye-1 exploration well location. Mobilisation to the drilling location will commence on 31st July 2015 and is expected to take around 1 to 2 days, with drilling operations to commence upon arrival of .... [+ read more] the rig on location. Drilling is expected to take around 23 days at the location.

2 Jul 2015

NPD approves Myrhauk prospect drilling

The Norwegian Petroleum Directorate (NPD) has granted Premier Oil Norge AS a drilling permit for well 3/7-10 S, cf. Section 8 of the Resource Management Regulations. The well will be drilled from the Mærsk Guardian drilling facility in position 56°27’10.62’’ north and 4°04’46.18’’ east. The drilling programme for well 3/7-10 S relates to the drilling of a wildcat well in .... [+ read more] production licence 539. Premier Oil Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are Suncor Energy Norge AS (20 per cent), DEA Norge AS (12 per cent) and Ithaca Petroleum Norge AS (eight per cent). Production licence 539 was awarded in APA 2009. The area in the production license is located in the southern part of the North Sea, in the western part of the border block 3/7. Well 3/7-10 S is the first exploration well in this production licence. The permit is contingent on the operator securing all other permits and consents required by other authorities before the drilling activity commences.

1 Jul 2015

Statoil makes minor discovery near Gina Krog

Statoil Petroleum AS, operator of the Gina Krog Unit, has completed the drilling of wildcat well 15/6-13 and appraisal wells 15/6-13 A and 15/6-13 B. The wells were drilled about 250 kilometres west of Stavanger and directly northeast of the Gina Krog field. The objective of well 15/6-13 was to prove commercial petroleum volumes in Middle Jurassic reservoir rocks (the .... [+ read more] Hugin formation), acquire sufficient data to avoid further delineation, investigate the size of the discovery, the properties and continuity of the reservoir rocks, as well as determine the petroleum properties. The objective of sidetracks 15/6-13 A and 15/6-13 B was to delineate the discovery as regards the likelihood of deeper oil and shallower gas on the structure. 15/6-13 has two separate oil columns, 13 and 3 metres of which are in sandstone with moderate to good reservoir properties in the Hugin formation and upper part of the Sleipner formation. The oil/water contact was not encountered. 15/6-13 A encountered seven and nine metres of sandstone with moderate reservoir quality in the Hugin and Sleipner formations, both aquiferous. The aquiferous sandstone in the Hugin formation is presumed to be in pressure communication with the oil zone in 15/6-13. 15/6-13 B shows an overall gas column of about 60 metres, of which 7 metres are in sandstone with moderate reservoir quality in the Hugin formation and 26 metres in sandstone with moderate reservoir properties in the Sleipner formation. The underlying sandstone in the Skagerrak formation is tight and aquiferous. For the discovery as a whole, the overall oil and gas column totals about 300 metres, 150 metres for each. Preliminary calculations of the size of the discovery are between one and two million standard cubic meters (Sm3) of recoverable oil equivalents in the Hugin formation, whereas calculations of any additional volumes from the Sleipner formation will require additional assessment for further clarification. None of the wells were formation-tested, but comprehensive data collection and sampling was conducted. The licensees in the Gina Krog Unit will assess the discovery further with a view toward possible development and tieback to the Gina Krog field. Wells 15/6-13, 15/6-13 A and 15/6-13 B were drilled to a measured depth of 3577, 3925 and 3773 metres, respectively, and vertical depths of 3552, 3716 and 3447 metres below the sea surface. They were all terminated in the Skagerrak formation in the Upper Triassic. The wells have been permanently plugged and abandoned. Water depth at the site is 114 metres. The wells were drilled by the Songa Trym drilling facility, which will now move on to drill another Statoil-operated well on the UK shelf.

1 Jul 2015

Statoil suspends 'Scarabeo 5' rig contract

Statoil Petroleum AS (“Statoil”) has decided to suspend the contract associated with the Scarabeo 5 semisub due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling a well on the Kristin field in the middle of August, and will last until 1st March 2016. Jon Arnt Jacobsen, senior vice president of Procurement at .... [+ read more] Statoil said, “We regret the need to suspend Scarabeo 5, but we will do our utmost to resume our drilling operations earlier than planned at the time of suspending the rig”. This is the second time that Statoil has suspended the contract for the Scarabeo 5 following the suspension that ran form August 2014 until February 2015. Statoil did not announce any details to do with the potential percentage of its current charter rate that the unit will receive whilst under suspension.

30 Jun 2015

Songa Offshore takes delivery of first Cat-D semisub

Songa Offshore has today taken delivery of Songa Equinox from Daewoo Shipbuilding & Marine Engineering (“DSME”) in South Korea. The Songa Equinox will shortly depart South Korea enroute to Norway for commencement of an eight-year drilling contract with Statoil, with its first assignment on the Troll Field on the Norwegian continental shelf. The voyage to Norway will take place in a .... [+ read more] tow-assist mode and the rig will arrive with all third party equipment installed and ready for final acceptance testing. Commencement of drilling operations is expected to take place in Q4 2015. Songa Equinox is a sixth generation, high specification, harsh environment, midwater rig designed for efficient year around drilling, completion, testing and intervention operations in water depths up to 500 meters. The rig is certified DP3 and is equipped with a "state-of-the-art" drill-floor and an efficient layout with improved safety and working environment features. Songa Equinox is the first rig in a series of four Category D rigs specifically built for and contracted to Statoil.

30 Jun 2015

TSC Group exercises options for two newbuild jackups

TSC Group Holdings Limited (“TSC)” is pleased to announce that on 29th June 2015, its wholly-owned subsidiary, Alliance Offshore Drilling (“AOD”) exercised options to build two additional R-550D jack-up rigs at CSSC Huangpu Wenchong Shipyard (“HPWS”) in Guangzhou, China. The contract signing follows the continued positive market response received for the first R-550D rig, AOD1, which is currently in the final .... [+ read more] phase of installation and commissioning at HPWS. The first newbuild hull (H6006) is scheduled for delivery before 31st December 2017, whilst the second (H6007) is scheduled for 30th June 2018. Meeting with the press after the signing ceremony, TSC Chairman, Mr. Jiang Binghua said “We are very pleased with this opportunity which is based on the strong foundation and excellent collaboration established during the AOD1 construction. Today’s R-550D signing signifies TSC and our alliance partner’s abilities to provide a rig for the future which is cost effective and technologically superior.” TSC, through its subsidiary AOD, is committed to achieving excellent standards and quality established during the AOD1 construction to ensure that the two additional R-550D rigs are delivered safely, on time and on budget. Mr. Chen Zhongqian, the Chairman of HPWS, also said today at the contract signing ceremony that “We are committed to a long term strategy on the oil and gas sector and we are firmly of the belief that the R-550D offers the best value for money for the future of jack up rigs.” These projects emphasize the long term commitment and confidence of the strategic alliance partners, HPWS, Zentech and TSC, in promoting HPWS to the forefront of the global offshore marine construction industry. The current R-550D under construction was undocked on 15th May 2015 on schedule with commendable safety and quality standards. Performance of the rig is augmented by the support of experienced professionals on the project management teams.

29 Jun 2015

Northern Offshore reaches agreement with CAMAC

Northern Offshore, Ltd. (“Northern”) today announced a development in its subsidiary Northern Offshore International Drilling Company’s (“NOIDC”) Contract Dispute with Oceanic Consultants Nigeria Ltd., Allied Energy Plc, Erin Energy Corporation (formerly CAMAC Energy Inc.) and CAMAC Petroleum Limited (referred to collectively as the CAMAC PARTIES) related to the contract for the Energy Searcher. NOIDC has reached an agreement with the CAMAC .... [+ read more] PARTIES with respect to the Contract Dispute settling all disputes and claims between NOIDC, NOF and the CAMAC PARTIES. The contract was cancelled by Northern in January 2015.

29 Jun 2015

Northern Offshore set to be combined with Blue Ocean Drilling

The boards of directors of Northern Offshore, Ltd. (“NOF”) and Shandong Offshore International Company Limited (“Purchaser”) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of NOF by Shandong Offshore Company Limited (“Bidco”), a wholly owned subsidiary of the Purchaser (“Acquisition”). The Acquisition will be implemented by way of an amalgamation (“Amalgamation”) under .... [+ read more] Bermuda law at an acquisition price of NOK7.59 per NOF share, payable in cash (“Acquisition Price”). The Acquisition Price values NOF’s issued share capital at approximately NOK1.3 billion. The Acquisition is expected to become effective during the first half of August 2015. At the time at which the Amalgamation becomes effective, each NOF share (other than NOF shares held by the Purchaser, Bidco, any other subsidiary of the Purchaser or any subsidiary of NOF, if any) will be converted into the right to receive the Acquisition Price. The board of directors of NOF unanimously recommends that NOF shareholders vote to approve the Acquisition at the SGM. Commenting on the Acquisition, Yu Bing, Director of the Purchaser and Dr. Sun Yuanhui, Chairman of Blue Ocean Drilling Limited, said: “The acquisition of Northern Offshore Ltd. is a positive step in our vision of building a high-performing offshore drilling organization to meet the current and future needs of the Global E&P sector. By retaining the NOF leadership team, when combined with our Blue Ocean Drilling leadership, we will have assembled a highly skilled and experienced team to direct and execute on our strategies as the new Northern Offshore Ltd. going forward. NOF provides proven operating and safety systems, a respected and proven operating organization with an established presence in the North Sea and Asia Pacific, well maintained assets and the most important asset - quality people to execute our strategy. Enhancement of the new NOF fleet is already underway with the combined NOF and Blue Ocean Drilling new–builds; six (6) high specification, deepwater jackups due to be delivered in 2016 through 2018, which will make the new NOF an attractive partner to those E&P companies looking for premium, high specification assets operated by a proven organization whose focus is operations and efficiencies that can contribute to lowering their clients total well costs. We’ll continue to evaluate and act upon further opportunities which meet the technical and financial criteria of the new Northern Offshore Ltd. as we examine ways to further enhance our fleet in an accretive manner.” Commenting on the Acquisition, Gary W. Casswell, President and CEO of NOF said: “This transaction represents a major milestone in Northern Offshore’s previously stated strategy to transform our company to a niche, premium jackup drilling contractor with new, state of the art assets. With the exception of the Norwegian continental shelf, NOF will be able to operate in all major petroleum resource regions around the world. Combining the four (4) under construction high spec jackups of Blue Ocean Drilling with Northern Offshore’s two (2) under construction state of the art jackups with deliveries in 2016 thru early 2018, we will realize organizational synergies and have the opportunity to build additional critical mass in our current operations in the North Sea and Asia Pacific as well as position us to pursue new clients in new areas. Going forward, with the support of our new Board of Directors, we will be opportunistic while remaining fiscally responsible to continue growing the company with the selective acquisition or new construction of additional premium jackup assets. Finally, I would like to acknowledge and express our sincere appreciation for the loyalty and support of all of our past and present shareholders who have helped us reach this new beginning.”

29 Jun 2015

NPD approves E.On Salander prospect drilling

The Norwegian Petroleum Directorate (NPD) has granted E.ON E&P Norge AS a drilling permit for well 6507/3-11 S, cf. Section 8 of the Resource Management Regulations. Well 6507/3-11 S will be drilled from the Borgland Dolphin drilling facility in position 65°48’59.60” north and 7°50’14.0”east. The drilling programme for well 6507/3-11 S relates to the drilling of a wildcat well in .... [+ read more] production licence 650. E.ON E&P Norge AS is the operator with a 60 per cent ownership interest, and Statoil Petroleum AS is the other licensee with a 40 per cent interest. The production licence consists of part of block 6507/3 and was awarded in APA 2011. Wildcat well 6507/3-11 S will be the first well in production licence 650. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

26 Jun 2015

Aibel wins contract for 'Deepsea Bergen' SPS

Odfjell Drilling has awarded Aibel Haugesund a contract for yard stay services related to the periodic survey for Deepsea Bergen. The contract has a value of NOK 40m (USD5.1m). The yard stay will take place early in the autumn 2015 and will amongst other cover inspection activities for structure, piping and tanks which must be done while the rig is located .... [+ read more] at yard. The periodic survey and the yard stay are planned according to Odfjell Drilling’s survey strategy minimising the time off hire and the length of the yard stay. Activities related to the periodic survey have been ongoing since early 2014. The yard stay is estimated to 30 days excluding sailing time.

25 Jun 2015

Suncor fails to hit at Niobe prospect

Trapoil has announced that Suncor Energy, the operator of the Niobe prospect in Norway has concluded drilling operations on the prospect. The exploration well was drilled to a depth of 5,005 feet Measured Depth Below Rotary Table ("MDRT") or 4,871 feet True Vertical Depth Sub Sea ("TVDSS") within the Late Jurassic Heather Formation and as such has fulfilled the licence obligation. .... [+ read more] The well achieved its primary target, being the Burns Sandstone Member within the late Jurassic interval. The well penetrated good quality sands although there were no signs of significant hydrocarbons. There are no plans to conduct a drill stem test and the well is to be plugged and abandoned.

24 Jun 2015

'Scarabeo 5' set to complete well 7121/4-G-4 H

The Petroleum Safety Authority (“PSA”) has given Statoil consent to use the Scarabeo 5 mobile drilling facility for drilling and completing well 7121/4-G-4 H. Scarabeo 5 is a type ME 4500 mobile drilling facility and was built by Fincantieri Shipyards in Genoa, Italy in 1990. It is operated by Saipem Norwegian Branch (“Saipem”). It is registered in the Bahamas and classified .... [+ read more] by ABS. Scarabeo 5 was issued with an Acknowledgement of Compliance (AoC) by the PSA in May 2003. Snøhvit is in the Barents Sea in the central part of the Hammerfest Basin, in 310 to 340 metres of water. Snøhvit is a gas field with condensate and an underlying thin oil zone. The Snøhvit Unit comprises the Snøhvit, Albatross and Askeladd structures. The approved PDO for the gas resources includes subsea templates for 19 production wells and one injection well for CO2.

24 Jun 2015

Suncor fails to find hydrocarbons at Mermaid prospect

Suncor Energy Norge AS, operator of production licence 571, has completed the drilling of exploration well 25/10-13 S. The well is dry. The well was drilled in the central part of the North Sea about 5 kilometres west of the Balder field and 200 kilometres northwest of Stavanger. The primary exploration target for the well was to prove petroleum in .... [+ read more] reservoir rocks from the Paleocene (Ty formation) and in the Upper Jurassic (intra Draupne sandstone). The secondary exploration target was to prove petroleum in Lower Triassic reservoir rocks (Smith Bank formation). The well encountered a 35-metre thick layer of sandstone in the Ty formation, and a 44-meter thick layer of Upper Jurassic sandstone, both with good reservoir quality. The well also encountered a 223-metre thick section of the Smith Bank formation, of which about 47 metres is sandstone with moderate to poor reservoir quality. The well is dry. Data acquisition has been carried out. Well 25/10-13 S was drilled to a measured depth of 2925 metres and a vertical depth of 2715 metres below the sea surface, and was terminated in the Triassic (most likely in the Smith Bank formation). This is the first exploration well in production licence 571, which was awarded in APA 2010. Water depth at the site is 119 metres. The well will now be permanently plugged and abandoned. Well 25/10-13 S was drilled by the Borgland Dolphin drilling facility, which will now drill wildcat well 10/4-1 in production licence 734, where Wintershall Norge AS is the operator.

24 Jun 2015

Shell spuds Deep Sleep prospect in US Gulf of Mexico

Freeport-McMoRan Oil & Gas Inc (“Freeport”) has announced that its partner Shell has commenced drilling at the Deep Sleep prospect in blocks 18 and 19 of the Atwater Valley area. Shell spudded the well in 4,253ft of water and plans to drill down to depths of 31,700ft. The drilling is being conducted from the Stena IceMax drillship, which Shell plans to .... [+ read more] send to Canada for drilling operations in the 2nd half of 2015.

24 Jun 2015

Statoil cancels 'COSLPioneer' contract

Statoil has decided to cancel the contract for the COSLPioneer semisub before the expiry date of August 2016. COSLPioneer has been suspended since 8th October 2014 and the unit was meant to finish its suspension period in August 2015, However, Statoil has been unable to find alternative activity for the rig during the intervening period and has now firmly cancelled the .... [+ read more] contract. “We regret the need to have to cancel this contract and wish to emphasise that this is not due to how the rig has delivered,” says supply chain senior vice president, Jon Arnt Jacobsen. “COSL Pioneer and its crew have demonstrated a good safety culture and delivered efficient drilling operations to Statoil. Cancellation is a consequence of overcapacity in the rig portfolio.”

24 Jun 2015

Lundin spuds two new appraisal wells

Lundin Petroleum AB (“Lundin”) has announced that the company’s subsidiary Lundin Norway AS (“Lundin Norway”) has begun drilling its second appraisal well on the Alta field in the Barents sea and has also commenced further appraisal drilling on the Edvard Greig field in the Norwegian North Sea. Meanwhile drilling has also begun on the partner-operated Zeppelin exploration well. The second .... [+ read more] Alta appraisal well (7220/11-3) was spud in PL 609 and is targeting the Permian reservoir. The planned depth of the well is 2,070 metres and the well is being drilled from the Island Innovator. The Edvard Greig appraisal well (16/1-23 S) is located in PL 338 and Lundin Norway plans to spud the well to a total depth of 2,200 metres. Drilling is expected to take around 60 days and is being performed by the Rowan Viking jackup rig. Meanwhile the Borgland Dolphin semisub rig recently spud the Zeppelin exploration well in PL 734. Wintershall is the operator of the well (10/4-1), and believes that Zeppelin holds prospective resources of 152 MMboe. The well is expected to take 30 days to drill down to a depth of 2,300 metres.

24 Jun 2015

Wintershall spuds Zeppelin prospect

Lundin Petroleum AB (“Lundin”) has announced that the company’s subsidiary Lundin Norway AS (“Lundin Norway”) has begun drilling its second appraisal well on the Alta field in the Barents sea and has also commenced further appraisal drilling on the Edvard Greig field in the Norwegian North Sea. Meanwhile drilling has also begun on the partner-operated Zeppelin exploration well. The second .... [+ read more] Alta appraisal well (7220/11-3) was spud in PL 609 and is targeting the Permian reservoir. The planned depth of the well is 2,070 metres and the well is being drilled from the Island Innovator. The Edvard Greig appraisal well (16/1-23 S) is located in PL 338 and Lundin Norway plans to spud the well to a total depth of 2,200 metres. Drilling is expected to take around 60 days and is being performed by the Rowan Viking jackup rig. Meanwhile the Borgland Dolphin semisub rig recently spud the Zeppelin exploration well in PL 734. Wintershall is the operator of the well (10/4-1), and believes that Zeppelin holds prospective resources of 152 MMboe. The well is expected to take 30 days to drill down to a depth of 2,300 metres.

23 Jun 2015

Tullow hits dust with Zumba well

Tullow Oil plc (“Tullow”) has announced that the Zumba exploration well (6507/11-11) in licence area PL 591 in the Norwegian Sea has not encountered hydrocarbons and will now be plugged and abandoned. The primary objective of the well was to prove hydrocarbons in the Upper Jurassic Rogn Formation with a secondary target in the Mid-Jurassic Garn Formation of the Fangst Group. .... [+ read more] The well found no reservoir development in the Rogn Formation and, while the Garn Formation had good reservoir quality, no hydrocarbons were present in either target. The well was drilled by the Leiv Eiriksson semisub rig in 270 metres of water to a total depth of 2,875 metres. Tullow Oil Norge AS is the operator of PL 591 with 40% equity. Lime Petroleum Norway AS (25%), Rocksource (20%*) and North Energy ASA (15%) hold non-operated interests.

23 Jun 2015

Wintershall set to spud wildcat well in PL 734

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 10/4-1. Well 10/4-1 will be drilled from the Borgland Dolphin drilling facility in position 57°40’20.08’’ north and 5°09’18.79’’ east. The drilling programme for well 10/4-1 relates to the drilling of a wildcat well in production licence 734. Wintershall Norge AS is the operator with a 40 .... [+ read more] per cent ownership interest. The other licensees are Centrica Resources (Norge) AS and Lundin Norway AS with 30 per cent each. Production licence 734 was awarded in APA 2013. The area in this production licence lies in the south-eastern part of the North Sea and consists of the eastern part of block 10/4. Well 10/4-1 is the first exploration well in this production licence. The permit is contingent upon the operator securing all other consents and permits required by other authorities prior to commencing the drilling activity.

23 Jun 2015

Transocean scraps two more floaters and delays more newbuilds

Transocean Ltd (“Transocean”) today issued its updated fleet summary report, with the company announcing its plan to retire a further two floating rigs from its operational fleet as well as delay the delivery of two newbuild drillships. Transocean has classified both the GSF Celtic Sea and Transocean Amirante units as being held for sale, with the GSF Celtic Sea being either .... [+ read more] sold for use in a non-drilling capacity or recycled, whilst the Transocean Amirante will be recycled. Transocean has been the most active scrapper of rigs thus far in 2015 and has indicated its intent to scrap a total of 20 floaters. Meanwhile the company also announced its plan to delay the delivery of its two newbuild drillships currently under construction at the Jurong Shipyard in Singapore. Transocean has delayed the delivery of each unit by 24 months, with delivery now expected in Q2 2019 and Q1 2020. This follows Transocean’s recent trend of delaying newbuild assets, the company recently delayed delivery of its five newbuild jackup rigs.

23 Jun 2015

VNG Norge AS spuds Boomerang prospect

VNG Norge has now started the operation of the first of two new explorations wells in PL586, the licence where the Pil & Bue discoveries were made in 2014. VNG Norge took over the rig Transocean Arctic late on Friday 19th June after the rig had completed the drilling operation at Crossbill prospect for the operator Wintershall. After having sailed 190 .... [+ read more] nautical miles from Crossbill in the North Sea, Transocean Arctic arrived on location in the Norwegian Sea Sunday 21st June. The rig was towed and escorted by the anchor handlers Boa Bison and Havila Mars, which together with Siem Opal, finished the anchor operations.The main well 6406/12-4 S, was spudded today Monday 22nd June at 11:45 p.m. After the main well, a sidetrack - 6406/12-4, is to be drilled. Expected duration of the drilling operation is between 85 and 135 days. The wells will be permanently plugged and abandoned before Transocean Artic is moved to a new location within the same licence for drilling a second exploration well in PL586.

22 Jun 2015

Haribo prospect spudded in Norway

Noreco Norway AS (“Noreco”) has announced that the drilling of the Haribo prospect in Norwegian licence PL616 has started. Noreco holds a 20% interest in the licence. The Haribo well (2/11-11) is being drilled by the Transocean Searcher semisub. The drilling period is expected to take approximately 45 days. The Haribo prospect is located 10 km south west of the Valhall .... [+ read more] Field in the Norwegian part of the North Sea. The predicted reservoir is chalk of Upper Cretaceous age in a depth of about 2900 meter. Noreco Norway estimates the prospect to contain 69 to 192 million barrels of oil gross on licence PL616 with a 42 per cent chance of success. These volume and risk estimates are in line with what Noreco has previously communicated to the market.

22 Jun 2015

'Ocean Guardian' contracted for offshore drilling in Ireland

Lansdowne Oil & Gas plc, a North Celtic Sea focussed oil and gas company, is pleased to announce that PSE Seven Heads Limited, the operator of SEL 4/07, and a wholly owned subsidiary of PSE Kinsale Energy Limited ("Kinsale Energy") has entered into a contract with Diamond Offshore Drilling (UK) Limited for the Ocean Guardian semisub to drill a well on .... [+ read more] the Midleton Prospect. The Ocean Guardian is expected to drill the Midleton well during August 2015, upon completion of its current contract with Shell. Kinsale Energy holds an 80% interest in SEL 4/07, with Lansdowne holding the remaining 20%. Through the farm-in agreement previously announced, Kinsale Energy will fund 100% of the costs of drilling a well (including the site survey work) on the Midleton prospect. Kinsale Energy is continuing work on well planning and further announcements will be made in due course.

19 Jun 2015

Lundin to plug former appraisal well with 'Maersk Guardian'

Lundin has received consent to use the Maersk Guardian jackup to permanently plug well 7/8-5 S. The work is expected to take around 18 days. Well 7/8-5 S was an appraisal well for the Krabbe discovery, it was drilled in April 2006, but it turned out to be a dry well. .... [+ read more]

19 Jun 2015

PSA performs audit of 'Maersk Gallant'

Between 16th and 20th March 2015, the Petroleum Safety Authority (“PSA”) carried out an audit of Statoil and Maersk Drilling concerning HPHT drilling operations at the 2/4-22 Romeo and 2/4-23 Julius exploration wells using the Maersk Gallant jackup. The objective of the audit was to verify Statoil and Maersk Drilling's planning, experience transfer and execution of high pressure, high temperature exploration .... [+ read more] drilling of the Romeo and Julius exploration wells. The results of the audit found that non-conformities were identified in connection with; working environment committee and working environment measures. The PSA has issued additional improvement points and have given Statoil and Maersk Drilling a dealing of the August 1st 2015 to report on how it plans to deal with the points raised.

18 Jun 2015

Wintershall drills duster in Norway

Wintershall Norge AS, operator of production licence 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was drilled about 15 km southwest of the Gjøa field in the North Sea and 80 kilometres southwest of Florø. The purpose of the well was to prove petroleum in reservoir rocks from the Upper Jurassic (the .... [+ read more] Heather, Sognefjord and Fensfjord formations). Well 35/12-5 S encountered about 10 metres of sandstone in the Heather formation, 35 metres of sandstone in the Sognefjord formation and 32 metres of sandstone in the Fensfjord formation, all with good reservoir quality. It also encountered 9 metres of sandstone with poor reservoir quality in the Etive formation. The well is dry. Data acquisition and sampling have been carried out. This is the fifth exploration well in production licence 378. The licence was awarded in APA 2005. Well 35/12-5 S was drilled to a vertical depth of 3369 metres and a measured depth of 3570 metres below the sea surface and was terminated in the Oseberg formation in the Middle Jurassic. Water depth at the site is 353 metres. The well will now be permanently plugged and abandoned. Well 35/12-5 S was drilled by the Transocean Arctic drilling facility, which is now scheduled to drill wildcat well 6406/12-4 S in production licence 586 in the Norwegian Sea, operated by VNG Norge AS.

18 Jun 2015

Contract extended, but rate cut for 'Borgsten Dolphin'

Dolphin Drilling Ltd (“Dolphin”), a subsidiary of Fred. Olsen Energy ASA, has entered into a contract amendment for the provision of the Tender Support Vessel Borgsten Dolphin with Total E&P UK Ltd (“Total”). The amendment covers a revised contract period commencing 1st October 2015 and continuing to 31st January 2018, subject to certain early termination rights from end 2016. Contract terms .... [+ read more] prior to 1st October 2015 remain in accordance with the previously reported Total agreement. The estimated contract value for the revised period from 1st October 2015 to 31st January 2018 is approximately USD141 million. By amending the contract, Total have opted to cut the dayrate from USD202k/per day to around USD165k/per day.

17 Jun 2015

Lundin spuds Luno II North prospect

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has commenced drilling of exploration well 16/4-9 S on the Luno II North prospect. 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. The well is .... [+ read more] located in PL359 and will explore the Luno II North segment, located directly northwest of the Luno II discovery. The main objective of well 16/4-9 S is to test the hydrocarbon potential and reservoir properties in the Luno II North prospect. The reservoir is expected to be of Jurassic/Triassic age. Lundin Petroleum estimates the Luno II North prospect to contain gross unrisked prospective resources of 24 million barrels of oil equivalents (“MMboe”). This prospect is adjacent to the Luno II discovery which has an estimated contingent resource range of 27 to 71 MMboe. The planned total depth is approximately 2,490 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 is the operator of PL359 with 50% working interest. The partners are OMV (Norge) AS with 20%, Wintershall Norge AS with 15% and Statoil Petroleum AS with 15% working interest.

17 Jun 2015

Seadrill sells 'West Polaris' to Seadrill Partners LLC

Seadrill Limited ("Seadrill") announced today that it has entered into an agreement with Seadrill Operating LP ("Seadrill Operating"), the 58% owned subsidiary of Seadrill Partners LLC ("Seadrill Partners"), pursuant to which Seadrill Operating will acquire all of the shares of Seadrill Polaris Ltd. ("Seadrill Polaris"), the entity that owns and operates the drillship, the West Polaris (the "Polaris Acquisition") from Seadrill. .... [+ read more] The Polaris Acquisition is expected to close within 7 days. The West Polaris is a 6th generation, dynamically positioned drillship delivered from the Samsung shipyard in 2008. The West Polaris is expected to carry out operations in Angola until the end of its contract with ExxonMobil in March 2018. The total consideration for the Polaris Acquisition is comprised of USD204 million in cash and USD336 million of debt outstanding under the existing facility financing the West Polaris. Seadrill Operating will fund the balance of the purchase price with a seller's credit of USD50 million due in 2021 that carries an interest rate of 6.5% per annum. Based on the assumed present value of the seller's credit, excess dayrate to be paid to the Company under the current drilling contract and assumed excess dayrate to be paid to the Company following the conclusion of the current drilling contract, the board of directors of the Company believes that the total value proposition of the Polaris Acquisition for Seadrill is approximately USD750 million. The West Polaris is currently contracted with ExxonMobil on a daily rate of USD653,000. Under the terms of the acquisition agreement, Seadrill Polaris has agreed to pay Seadrill any dayrate it receives in excess of USD450,000 per day, adjusted for daily utilization, for the remainder of the ExxonMobil contract. Assuming an average economic utilization of 95%, Seadrill will receive approximately USD60 million in cash per year from the current ExxonMobil contract. Additionally, Seadrill Polaris has agreed to pay Seadrill 50% of any dayrate above USD450,000 per day, adjusted for daily utilization, after the conclusion of the existing contract until 2025. As part of the acquisition agreement, Seadrill Operating's obligation to repay the USD50 million seller's credit due to Seadrill will be reduced if the average contracted dayrate under any replacement contract is below USD450,000 until the seller's credit's maturity in 2021. The amount of seller's credit due will be reduced until Seadrill Partners' effective dayrate is USD450,000 or until the seller's credit is reduced to zero. Should the average dayrate of the replacement contract be above USD450,000, the entire USD50 million seller's credit must be paid to Seadrill upon maturity of the seller's credit in 2021. By agreeing to sell the West Polaris to Seadrill Partners, Seadrill is able to realize USD204 million in cash upon closing of the transaction while retaining up to USD203,000 per day in revenues under the current drilling contract without the associated operating expense. Additionally, following the conclusion of the current contract, Seadrill will continue to have a degree of exposure to future dayrates by sharing revenues above USD450,000 per day with Seadrill Partners, again without the associated operating expense. The Board is pleased to announce a transaction that serves to realize value from multiple sources in addition to the sale price, while at the same time supporting an important associated company in its goals to increase distribution coverage, asset diversification and revenue backlog.

17 Jun 2015

VNG Norge AS set to spud another exploration well on PL586

The Norwegian Petroleum Directorate (NPD) has granted VNG Norge AS a drilling permit for well 6406/12-4 S, cf. Section 8 of the Resource Management Regulations. Well 6406/12-4 S will be drilled from the Transocean Arctic drilling facility in position 64°1'7.47'' north and 6°46'31.28'' east after completing wildcat well 35/12-5 in production licence 378 for Wintershall Norge AS. The drilling programme .... [+ read more] for well 6406/12-4 S relates to the drilling of a wildcat well 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 33 kilometres southwest of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). This is the fourth 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.

17 Jun 2015

Repsol secures permit for Hagar drilling

The Norwegian Petroleum Directorate (NPD) has granted Repsol Exploration Norge AS a drilling permit for well 6306/5-2, cf. Section 8 of the Resource Management Regulations. Well 6306/5-2 will be drilled from the Bredford Dolphin drilling facility in position 63°43'52.31'' north and 6°34'27.34'' east after completing wildcat well 16/4-9 S in production licence 359 for Lundin Norway AS. The drilling programme .... [+ read more] for well 6306/5-2 concerns the drilling of a wildcat well in production licence 642. Repsol Exploration Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are OMV Norge AS (20 per cent), Petoro AS (20 per cent) and Tullow Oil Norge AS (20 per cent). The area in this licence consists of part of block 6306/2 and part of block 6306/5. The well will be drilled about 64 kilometres northeast of the Ormen Lange field and about 34 kilometres south of the 6406/12-3 S (Pil) discovery. Production licence 642 was awarded on 3 February 2012 (APA 2011). 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.

16 Jun 2015

PSA approves 'Maersk Integrator' for Gina Krog drilling

Statoil has received consent to use the Maersk Integrator jackup for production drilling and completion of fourteen wells at the Gina Krog field in Norway. Gina Krog is an oil and gas discovery situated around 250 kilometres west of Stavanger and 30 kilometres north-west of the Sleipner A facility. Water depth at the site is approximately 110 metres. The development concept .... [+ read more] is a new steel platform and an oil storage vessel with a capacity of 850,000 barrels. The field was proven in 1974. The reservoir contains oil and gas in Middle Jurassic sandstone in the Hugin formation. Statoil has now received consent from the PSA to use Maersk Integrator to drill and complete new production wells on the field.

16 Jun 2015

PSA approves use of 'Maersk Gallant' for P&A at Eldfisk

The PSA has granted ConocoPhillips consent to use the Maersk Gallant jackup drilling rig for plugging and abandoning a production well at Eldfisk 2/7 A. Eldfisk is an oil field lying due south of Ekofisk in 70-75 metres of water in the southern North Sea. Production began in 1979. Mærsk Gallant is a jack-up drilling facility, built at Far East Levingston .... [+ read more] 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. The Petroleum Safety Authority (“PSA”) Norway has now granted consent to use Maersk Gallant at Eldfisk in accordance with ConocoPhillips's application.

15 Jun 2015

Statoil contracts Odfjell Drilling for Johan Sverdrup development

Odfjell Drilling Ltd. (“Odfjell”) has announced that the company has been awarded two contracts related to the drilling services for the Johan Sverdrup field in Norway. The first contract is a three year contract for the Deepsea Atlantic semisub which is scheduled to begin in March 2016. The firm contract period is for three years with a value of USD330 million .... [+ read more] and comes with 6x6 potential option periods. The second contract is related to the operation of platform drilling services on-board the Johan Sverdrup drilling platform and this contract is over a four year period.

15 Jun 2015

Noble Energy spuds Humpback well

Falkland Oil and Gas Limited (“FOGL”), the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, is pleased to announce that the 'Humpback' exploration well, (the "Well") was spudded on 13th June 2015. The well is located on licence PL012 in which FOGL has a 52.5% working interest .... [+ read more] and will target the Humpback prospect. Humpback is located within a cluster of similar prospects, in the Fitzroy sub-basin, which have a total, combined, prospective resource of over one billion barrels of oil. The well will test multiple stacked reservoirs within the Cretaceous Diomedea fan complex. The Humpback well is located in a water depth of approximately 1,260 metres and is expected to reach a total depth of 5,350 metres. The well is anticipated to take approximately 65 days to drill. A further release will be issued once logging is completed. FOGL is partially carried through the costs of this well by Noble Energy (Licence Operator) and has a paying interest of 27.5%.

12 Jun 2015

Lundin completes Alta appraisal drilling

Lundin Petroleum AB (“Lundin Petroleum”) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has successfully completed the drilling of appraisal well 7220/11-2 and sidetrack 7220/11-2 A in the western part of the Alta discovery in PL609. The Alta discovery is located 10 to 20 km northeast of Lundin Petroleum’s Gohta discovery in the Barents Sea .... [+ read more] South and approximately 160 km from the Norwegian coastline. The Alta discovery well 7220/11-1 was completed in October 2014. The preliminary evaluation of the gross recoverable oil and gas resource range from the Alta discovery well after the first well was estimated at 125 to 400 million barrels of oil equivalents. The appraisal well 7220/11-2 was located approximately 6.5 km southwest of the original Alta discovery well 7220/11-1. The main objectives were successfully achieved which were to confirm the reservoir model and prove the presence of hydrocarbon columns and fluid contacts similar to those established in the Alta discovery well. The well encountered a 50 metres thick gas column in rocks of varying reservoir quality. A sidetrack, 7220/11-2 A, was drilled 330 metres west of well 7220/11-2. The sidetrack encountered movable oil. The pressure data and fluid properties indicate communication between both the appraisal wells and the discovery well 7220/11-1. Extensive data acquisition and sampling were performed in both wells, including conventional coring and fluid sampling. One production test (DST) was carried out in 7220/11-2 A. The maximum production rate was 860 barrels of oil per day and 0.65 million cubic feet of gas per day through a 24/64” choke. The pressure build-up during the test showed increased permeability thickness away from the well bore, interpreted to be in a westerly direction based on seismic data. Ashley Heppenstall, President and CEO of Lundin Petroleum, comments; "The appraisal wells on the western flank of Alta have confirmed our geological model and the existence of hydrocarbons at this location. Whilst the reservoir encountered is of variable quality, the production test and data acquired provides us with confidence of connectivity across the structure and improved reservoir quality away from the well bore". 7220/11-2 and 7220/11-2 A are the second and third wells drilled in PL609. The license was awarded in the 21st Licencing Round in 2011. The wells were drilled to total vertical depths of 2,020 and 2,041 metres below mean sea level, respectively. The water depth was 379 metres. The wells were drilled using the drilling rig Island Innovator and are now being permanently plugged and abandoned. The Island Innovator will then proceed to drill the next appraisal well, 7220/11-3, on the eastern flank of the Alta discovery in PL609. The well is expected to spud mid-June. Lundin Norway is operator and holds 40 percent working interest in PL609. The partners are DEA Norge AS and Idemitsu Petroleum Norge AS with 30 percent working interest each.

10 Jun 2015

Lundin given approval to drill Edvard Greig SE appraisal well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-23 S, cf. Section 8 of the Resource Management Regulations. Well 16/1-23 S will be drilled from the Rowan Viking drilling facility at position 58°49’47.04’’ north 02°16’56.00’’ east in production licence 338. The drilling programme for well 16/1-23 S relates to the drilling of an appraisal .... [+ read more] well in production licence 338. Lundin is the operator with a 50 per cent ownership interest. The other licensees are OMV (Norge) AS with 20 per cent, Statoil Petroleum AS and Wintershall Norge AS, each with 15 per cent. The area in this licence consists of parts of block 16/1. The well will be drilled to the southeast of the Edvard Grieg field in the central part of the North Sea. Production licence 338 was awarded on 17 December 2004 (APA 2004). This is the tenth exploration well to be drilled within the area of this licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

9 Jun 2015

Statoil makes minor gas discovery at Gymir prospect

Statoil Petroleum AS, operator of production licence 602, has concluded the drilling of wildcat well 6706/11-2. The well encountered gas. The well was drilled about 20 kilometres west of the Aasta Hansteen field in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks (the Nise formation). The .... [+ read more] well encountered a total gas column of about 70 metres in the Nise formation, of which 40 metres in sandstone with very good reservoir quality. Preliminary estimates place the size of the discovery between one and three billion standard cubic metres (Sm3 ) of recoverable gas. The well was not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will assess the discovery together with other discoveries in this production licence and the neighbouring licence (218) with regard to development and tie-in to the Aasta Hansteen field. This is the second exploration well in production licence 602. The licence was awarded in the 21st licensing round in 2011. Well 6706/11-2 was drilled to a vertical depth of 2556 metres below the sea surface, and was terminated in the Nise formation in the Upper Cretaceous. Water depth at the site is 1272 metres. The well will now be permanently plugged and abandoned. Well 6706/11-2 was drilled by the Transocean Spitsbergen drilling facility, which will now be laid up at Averøy outside Kristiansund. The rig has completed its Contract with Statoil.

9 Jun 2015

CIMC strikes steel on 'Beacon Pacific'

On 9th June 2015, the semisubmersible drilling rig, Beacon Pacific, built by CIMC Raffles for Beacon Pacific Group Ltd., cut its first steel in CIMC Raffles Yantai Shipyard. Based on GM4-D design and former four delivered GM series semisubmersible drilling rigs experience, CIMC Raffles is cooperated with Global Maritime on the basic design and owns 80% intellectual property right. .... [+ read more] Beacon Pacific can be operated in the harsh-environmental areas like Norwegian North Sea and the Barents Sea with working depth up to 500m, drilling depth up to 8,000m, working temperature to -20? and DP3 dynamic positioning system and 8-point mooring system. It is satisfied with NORSOK standards and DNV GL latest specifications.

9 Jun 2015

Suncor spuds Niobe prospect in the UK

Trapoil (“TRAP”), an independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, has announced that operations have commenced on the Niobe (Licence P.1889, Blocks 12/26b & 27) exploration prospect ("Niobe"). The well is being drilled using the ENSCO 100 jack up rig and well operations are currently anticipated to .... [+ read more] last approximately 31 days in the dry hole case. The ENSCO 100 rig left Dundee shipyard on 4th June 2015 and was under tight tow to the Niobe prospect location until the 8th June 2015. The ENSCO 100 successfully spudded the well on the 9th June 2015. Water depth at the drilling location is 181 feet. The partners in Licence P.1889 are Suncor Energy UK Limited, operator (49.5 per cent. equity interest), Norwegian Energy Company UK Limited (22.5 per cent. equity interest) and Trap Oil Limited (28 per cent. equity interest, of which 2.5 per cent. is a carried interest).

8 Jun 2015

Panoro announces contracting of 'Scarabeo 3'

Panoro Energy ASA (”Panoro”), an independent oil and gas E&P company focused on West Africa, has provided the following operations update. Yinka Folawiyo Petroleum (“YFP”) the operator of the OML113 license has, on behalf of the joint venture partners, entered into a rig contract with Saipem for the Scarabeo 3 drilling rig to carry out the drilling and completion programme for .... [+ read more] the Aje Field Cenomanian oil development. Aje is an offshore field located in the western part of Nigeria in the Dahomey Basin at the border with Benin, with first oil targeted for December 2015. The field is situated in water depths ranging from 100 to 1,000 meters about 24 km from the coast. Panoro Energy holds a 6.502% participating interest in OML113 (with a 12.1913% revenue interest and 16.255% paying interest in the Aje Field). The Aje Field contains hydrocarbon resources in sandstone reservoirs in three main levels - a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir. The Scarabeo 3 rig is a semi-submersible rig currently stationed offshore Lagos. The rig will be moved 18 nautical miles to the Aje drilling location and will be used to carry out well operations for the first phase of the Aje Cenomanian Oil field development that includes two subsea production wells. The well operations will comprise the completion of the existing Aje-4 well as a production well, and the drilling and completion of a new well, Aje-5, which will be drilled to the Aje-2 subsurface location. The Aje-2 well demonstrated high reservoir productivity in a Cenomanian production test conducted in 1997, flowing approximately 3,700 bopd of 41°API oil under suboptimal well conditions. Well operations are expected to commence in early Q3-2015 and are likely to take approximately 90 days to complete. Once well operations have been completed, subsea equipment will be installed and the wells will be tied back to the Front Puffin FPSO, currently undergoing refurbishment in Singapore.

8 Jun 2015

PSA gives AOC to 'Maersk Integrator'

Maersk Drilling has received the PSA's Acknowledgement of Compliance (“AoC”) for the Maersk Integrator jack-up drilling facility. Maersk Integrator is a jack-up drilling facility, delivered by the Keppel Shipyard in Singapore in 2014. The facility will be operated by Maersk Drilling Norge AS. In total, 57 mobile facilities have received an Acknowledgement of Compliance from the PSA. It is the PSA's .... [+ read more] assessment that petroleum activities may be carried out using the Maersk Integrator facility within the regulatory framework. The validity of the Acknowledgement of Compliance assumes that Maersk Drilling Norge AS ensures that the facility and relevant parts of the company’s organisation and management systems are maintained, to fulfil the terms and conditions set out in the PSA’s decision.

4 Jun 2015

Lundin makes non-commercial discovery at Morkel prospect

Lundin Norway AS, operator of production licence 579, is in the process of concluding the drilling of wildcat well 33/2-2 S. The well was drilled about 40 kilometres northwest of the Snorre field in the North Sea, and 180 kilometres west of Florø. The primary exploration target for the well was to prove petroleum in Upper and Middle Jurassic reservoir .... [+ read more] rocks (the Draupne formation and the Brent Group). The secondary exploration target was to prove hydrocarbons in Lower Jurassic (Statfjord Group) and Triassic reservoir rocks (the Lunde formation). The well encountered oil over an interval of about 173 metres in what was presumably the Triassic Lunde formation, with heterolithic sandstones with poor reservoir quality. No recoverable resources have been estimated at this point. A formation test was conducted. The production rate was 68 Sm3 oil per flow day through a 24/64-inch nozzle opening. Extensive data acquisition and sampling were also carried out. The licensees in production licence 579 will assess the discovery with a view toward further follow-up. This is the first exploration well in production licence 579, which was awarded in APA 2010. Well 33/2-2 S was drilled to a vertical depth of 3498 metres below the sea surface and was terminated in sandstone and shale, presumably belonging to the Alke formation in the Triassic. Water depth at the site is 340 metres. The well will now be permanently plugged and abandoned. Well 33/2-2 S was drilled by the Bredford Dolphin drilling facility, which will now drill wildcat well 16/4-9 S in production licence 359 in the North Sea, where Lundin Norway AS is the operator.

4 Jun 2015

Paraon Offshore announces sale and leaseback agreement for prospector jackups

Paragon Offshore plc ("Paragon") today announced that certain wholly owned subsidiaries of the company, which were part of the company's acquisition of Prospector Offshore Drilling S.A. ("Prospector"), have entered into a combined USD300 million sale-leaseback financing facility with subsidiaries of SinoEnergy, a private investment firm registered in the British Virgin Islands. Net of fees and expenses, Prospector expects to receive net .... [+ read more] proceeds of approximately $292 million. Under the terms of the agreement, Prospector will sell two heavy-duty, harsh-environment jackup units, Prospector 1 and Prospector 5, to subsidiaries of SinoEnergy and immediately enter into a bareboat rental charter for the assets for a period of five years. The bareboat charter fee for Prospector 1, which is under firm contract until mid-September 2016, is USD71,000 per day through November 2016, after which it will be USD42,000 per day for the remainder of the charter. The bareboat charter fee for Prospector 5, which is under firm contract until mid-November 2017, is USD71,000 per day through February 2018, after which it will also be reduced to USD42,000 per day. The combined implied cost of borrowing is approximately 7.5%, including fees and expenses. The lease financing is non-recourse to Paragon. "We are extremely pleased to have secured this financing on the two Prospector rigs at what we consider to be an attractive rate in this environment," said Randall D. Stilley, President and Chief Executive Officer of Paragon. "As a result of this financing initiative, we have increased financial flexibility and are evaluating options for the use of the proceeds, whether it be to retain the cash in order to increase our liquidity or to further strengthen the balance sheet through debt reduction." The facilities are expected to fund by early third quarter 2015. Funding is subject to customary conditions for a transaction of this nature

1 Jun 2015

Hercules agrees to rate reductions and Saudi Aramco cancels termination notice for 'Hercules 261'

Hercules Offshore, Inc. (“Hercules”) announced today it had received a notice from Saudi Aramco withdrawing its previously issued termination notice for the Hercules 261 jackup. Following the withdrawal of this termination notice, the Hercules 261 is now fully contracted up until September 2019. Meanwhile Hercules also announced that it has agreed to rate reductions for its three jackups currently contracted to .... [+ read more] Saudi Aramco; Hercules 261, Hercules 262 and Hercules 266. The rates for all three units will be reduced to USD67,000 and apply from the 1st January 2015. The rate reductions for the Hercules 261 and 262 run until 31st December 2016, whilst the Hercules 266 reduction will be applied for the remainder of the units contract which completes in November 2015.

1 Jun 2015

'Atwood Achiever' spuds MZ-1 well in Morocco

Pura Vida Energy NL (“Pura Vida”) has announced that the Atwood Achiever drillship has successfully spudded the MZ-1 well within the Mazagan permit, offshore Morocco. Freeport-McMoran oil & gas is the operator of the permit. Drilling is expected to take around 2-3 months. The MZ-1 well is targeting the Ouanoukrim prospect which is a series of five stacked targets in both .... [+ read more] the cretaceous and Jurassic reservoirs. The unit recently completed the Tortue-1 well for Kosmos Energy in Mauritania.

29 May 2015

Statoil given approval to drill two exploration wells in PL 029B

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 15/6-13 A and B, cf. Section 8 of the Resource Management Regulations. Wells 15/6-13 A and B will be drilled from the Songa Trym drilling facility at position 58°36’55.48” north and 01°45’40.58” east near the Gina Krog field in the central part of the North Sea. .... [+ read more] The drilling programme for well 15/6-13 A and B relates to the drilling of a wildcat well in production licence 029 B. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are Total E&P Norge AS and Det norske oljeselskap ASA with 30 and 20 per cent each, respectively. The area in this licence consists of a part of block 15/6. Production licence 029 B was awarded on 11 May 2001 after being carved out of 029, which was awarded in the 2nd licensing round in 1969. These are the third and fourth exploration wells to be drilled in the licence, but wildcat wells have been drilled before within the area this licence covers. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

28 May 2015

Premier announces discovery at Isobel Deep

Premier Oil is pleased to announce an oil discovery at the Isobel Deep exploration well 14/20-1 in the North Falkland Basin, approximately 30km south of the Sea Lion field. The Isobel Deep exploration well has been drilled to a depth of 8,289 feet reaching top reservoir on prognosis. The bottom 75 feet of the well consists of oil bearing F3 sands. .... [+ read more] These sands were at a higher than expected reservoir pressure and this resulted in an influx into the well. As part of the operations to remove the influx, oil was recovered from the well and appears similar in nature to Sea Lion crude. As a result of the new geological information it has been decided to suspend operations on the well and release the rig to drill in the South Falkland Basin. The rig is expected to return to continue operations in the North Falklands Basin in August. Premier is now considering the optimal appraisal programme for the Elaine/Isobel complex in PL004.

28 May 2015

Det Norske set to drill new appraisal at Ivar Aasen field

The Norwegian Petroleum Directorate has granted Det norske oljeselskap AS a drilling permit for well 16/1-22 A, cf. Section 8 of the Resource Management Regulations. Well 16/1-22 A will be drilled from the Maersk Interceptor drilling facility in position 58°54’23.1’’ north and 02°09’43.2’’ east in production licence 001 B, after completing drilling of appraisal well 16/1-22 S. The drilling programme .... [+ read more] for well 16/1-22 A relates to the drilling of an appraisal well 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 (41.4730 per cent), Bayerngas Norge AS (12.3173 per cent), Wintershall Norge AS (6.4615 per cent), VNG Norge AS (3.0230 per cent), Lundin Norway AS (1.3850 per cent) and OMV (Norge) AS (0.5540 per cent). The area in this licence is part of block 16/1. The well will be drilled in the south-western part of the Ivar Aasen field in the central part of the North Sea. Production licence 001 B was carved out on 1 September 1999 from production licence 001, which was awarded on 1 September 1965 (Licensing Round 1-A). This is the eighth exploration well to be drilled within the licence area, and the tenth on the Ivar Aasen field. The permit is conditional upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

28 May 2015

Statoil given drilling approval from NPD

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 15/6-13 A and B, cf. Section 8 of the Resource Management Regulations. .... [+ read more]

26 May 2015

PSA approves Statoil's exploration plan for well 6706/11-2

Statoil has received consent to drill exploration well 6706/11-2 in the Norwegian Sea. Statoil is the operator for production licence 602 in block 6706/11 in the Norwegian Sea. The field is located around 233 kilometres from the nearest mainland at Skomvær in the county of Nordland. Drilling is scheduled to begin in June 2015 and estimated to last 28 days, depending .... [+ read more] on whether a discovery is made. Drilling will be performed using Transocean Spitsbergen, which is a semi-submersible mobile drilling facility of the Aker H-6e type. The facility was completed in 2009 at the Aker Solutions yard in Stord; it is registered in the Marshall Islands and classified by DNV GL.

26 May 2015

Edison set to spud new exploration well on PL 616

The Norwegian Petroleum Directorate has issued a drilling permit for wellbore 2/11-11 to Edison Norge AS. Wellbore 2/11-11 will be drilled from the Transocean Searcher drilling facility at position 56°12’11.75’’N and 03°23’26.53”E. The drilling program for wellbore 2/11-11 applies to drilling of a wildcat well in production licence 616. Edison Energy Norge AS is the operator with an ownership interest .... [+ read more] of 25 per cent. The licensees are Noreco Norway AS with 20%, Concedo ASA with 20%, Skagen 44 AS with 15%, North Energy ASA with 15% and Lime Petroleum Norway AS with 5%. Production licence 616 was awarded in 2012 (APA 2011). The area in this production licence is located in the southernmost part of the North Sea and consists of parts of boundary blocks 2/7, 10 and 11. The well will be drilled about 8 km south of the Valhall field. This is the first well to be drilled in the licence. The drilling permit is granted on the condition that all other permits and consents required by other authorities have been secured before the drilling activity commences.

22 May 2015

Statoil's Bister prospect disappoints

Statoil Petroleum AS, operator of production licence 348 C, is in the process of completing the drilling of wildcat wells 6407/8-7 and 6407/8-7 A. Both wells have been drilled about four kilometres north of the Hyme field in the southern part of the Norwegian Sea and 140 kilometres north of Kristiansund. The primary exploration target in well 6407/8-7 was to .... [+ read more] prove petroleum in Middle Jurassic reservoir rocks (the Ile formation). The secondary exploration target was to prove petroleum in Lower Jurassic reservoir rocks (the Tilje and Åre formations). The well encountered about 95 metres of the Ile formation, of which 70 metres were sandstone with good reservoir properties. The Tilje and Åre formations were also encountered, in thicknesses of 200 and 170 metres respectively, of which 160 and 75 metres respectively are sandstone with good reservoir quality. The well is dry. The purpose of well 6407/8-7 A was to prove petroleum in Middle Jurassic reservoir rocks (the Tilje formation) higher up in the structure. The well encountered about 110 metres of reservoir rocks in the Tilje formation, of which 80 metres were sandstone of good reservoir quality. The well also encountered 200 metres of the Åre formation, of which 95 metres were sandstone with good reservoir properties. The well is classified as dry. Data collection has been carried out in both wells. These are the first and second exploration wells in production licence 348 C. Wells 6407/8-7 and 6407/8-7 A were drilled to measured depths of 3030 and 3178 metres, respectively, and vertical depths of 3030 and 2810 metres below the sea surface. Both were terminated in the Åre formation in the Lower Jurassic. Water depth at the site is 259 metres. The wells will now be permanently plugged and abandoned. The wells were drilled by the Transocean Spitsbergen drilling facility, which will now move on to drill wildcat well 6706/11-2 in the Norwegian Sea in production licence 602, where Statoil is the operator.

22 May 2015

Statoil lines up drilling of Gymir prospect

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 6706/11-2, cf. Section 8 of the Resource Management Regulations. Well 6706/11-2 will be drilled from the Transocean Spitsbergen drilling facility in position 67°03’56.97”north and 06°32’57.45”east after completing the drilling of wildcat wells 6407/8-7 and 6407/8-7 A for Statoil in production licence 348 C. The drilling .... [+ read more] program for well 6706/11-2 relates to the drilling of wildcat wells in production licence 602. Statoil Petroleum AS is the operator with an ownership interest of 30 per cent. The other licensees are Centrica Resources AS (20 per cent), Petoro AS (20 per cent), Rocksources Exploration Norway AS (10 per cent), Wintershall Norge AS (10 per cent) and Atlantic Petroleum Norge (10 per cent). The area in this licence consists of part of block 6706/10, block 6706/11 and part of block 6706/12. The well will be drilled about 22 kilometres west of Aasta Hansteen (the Haklang field). Production licence 602 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 conditional upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

21 May 2015

Suncor set to spud new exploration well in Norway

The Norwegian Petroleum Directorate (NPD) has granted Suncor Energy Norge AS a drilling permit for well 25/10-13 S, cf. Section 8 of the Resource Management Regulations. Well 25/10-13 S will be drilled from the Borgland Dolphin drilling facility in position 59°09’42.52’’ north 02°14’23.70’’ east in the central North Sea. The drilling programme for well 25/10-13 concerns the drilling of a .... [+ read more] wildcat well in production licence 571. Suncor Energy Norge AS is the operator with an ownership interest of 60 per cent. The others licensee is Statoil Petroleum AS with 40 per cent. The area in this licence consists of parts of blocks 25/7 and 25/10. Production licence 571 was awarded on 4 February 2011 (APA 2010). This is the first exploration well to be drilled in the licence, but exploration wells have previously been drilled within the area covered by this licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

21 May 2015

Exxon announces discovery in Guyana

Exxon Mobil Corporation (“Exxon”) today announced a significant oil discovery at the Liza-1 well on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Ltd and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 .... [+ read more] feet (1,743 meters) of water. The Stabroek Block covers 6.6 million acres (26,800 square kilometers). “I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company. “Over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.” The well was spud on March 5th, 2015. The well data will be analysed in the coming months to better determine the full resource potential. Esso Exploration and Production Guyana Ltd. holds 45% interest. Hess Guyana Exploration Limited holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.

20 May 2015

Talisman announces dry well at Snømus prospect

Talisman Energy Norge AS, operator of production licence 672, has concluded the drilling of wildcat well 15/12-24 S. The well was drilled in the central part of the North Sea about six kilometres north of the Varg field and 220 kilometres southwest of Stavanger. The purpose of the well was to prove petroleum in Upper Jurassic reservoir rocks (the Ula .... [+ read more] and Sandnes formations) and in Middle Jurassic reservoir rocks (the Hugin and Sleipner formations). The well encountered about 195 metres of sandstone mixed with siltstone in the Ula formation, of which 155 metres are sandstone of good to very good reservoir quality. The well also encountered 85 metres of sandstone mixed with siltstone in the Skagerrak formation in Upper Triassic, of which 45 metres are sandstone of generally poor reservoir quality. The well has weak traces of petroleum in sandstone rocks in both the Ula and Skagerrak formations. The well is classified as dry. Data acquisition and sampling have been carried out. This is the first exploration well in production licence 672. The licence was awarded in APA 2012. The well was drilled to vertical and measured depths of 3136 and 3141 metres below sea level, respectively, and was terminated in the Skagerrak formation in the Upper Triassic. Water depth at the site is 86 metres. The well has been permanently plugged and abandoned. Well 15/12-24 S was drilled by the Maersk Giant drilling facility, which will now start permanent plugging of wells on the Varg field in production licence 038 in the North Sea, where Talisman Energy Norge AS is the operator.

20 May 2015

Hercules announces sale of cold stacked jackups

Hercules Offshore, Inc. (“Hercules”) today released an updated version of its monthly fleet report and announced the sale of four jackup rigs. The jackup focused rig owner announced the sale of the previously cold stacked; Hercules 85, Hercules 153, Hercules 203 and Hercules 206. The four jackups were all previously cold stacked in 2009 and are either mat cantilever or leg .... [+ read more] slot units. The announcement of the sale is good news for the jackup market as the units are expected to have been retired from operational service. Rig owners have thus far preferred to stack their jackups during the current drilling downturn.

20 May 2015

PSA approves drilling of two production wells at Gullfaks Sør

Statoil has received consent from the Petroleum Safery Authority (“PSA”) in Norway to use the Deepsea Atlantic to drill two production wells at Gullfaks Sør. Statoil is the operator for Gullfaks Sør, located in the Tampen area in the northern part of the North Sea, south of the Gullfaks field. Gullfaks Sør has been developed using subsea well templates tied back .... [+ read more] to Gullfaks A and C by underwater pipelines. Production from the field began in 1998. Statoil intends to drill two production wells from a new well template on the Rimfaksdalen gas discovery. In addition, a well is to be drilled next to the well template to investigate if there is shallow gas nearby. This well will be plugged when the result is in. Water depth at the site is 137 metres.

20 May 2015

Rowan announces dayrate reduction and extended term for 'Rowan Gorilla V'

Offshore rig owner Rowan Companies plc (“Rowan”) announced the successful signing of one new contract along with a number of contract extensions. Rowan secured a one-year extension for its Rowan Gorilla V jackup with Total in the UK. The new one year term is accompanied by news that Total and Rowan have agreed to a rate reduction for the unit from .... [+ read more] USD274k to USD170k covering the period from 1st January 2015 until 31st December 2015. Following this period, the rate will rise to USD175k for the remainder of the contract term in 2016. Elsewhere, the Rowan EXL III jackup was awarded a one-well, 40-day contract with ExxonMobil in the US GoM at a dayrate of USD75k and the Rowan Stavanger and Ralph Coffman units were both awarded 30-day extensions to their existing contracts in the UK and Tunisia.

20 May 2015

Eni makes Libya gas discovery

Libya’s National Oil Corporation (“NOC”) today announced that operator Eni North Africa Libya (“Eni”) made an gas and condensate discovery in contract area D (NC41). Eni spudded the A1-01/01 well in January 2015 in the Sabratah Basin and is believed to have used the Transocean Amirante semisub to drill the well. The well is located approximately 140 km from the Libyan .... [+ read more] coast and 20 km North of Bouri Field, at an average water depth of about 125 m.

19 May 2015

Potential oil shows at Isobel Deep

Rockhopper Exploration plc (“Rockhopper”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following update ahead of the Company's AGM today in relation to the Isobel Deep Well. Following the penetration of a sand interval with suspected elevated formation pressure and oil shows, the operator .... [+ read more] (Premier Oil) has decided to set a cement plug over this interval and run the contingent 9 5/8" casing string in the shale section above, prior to drilling through the prognosed Isobel reservoir interval to the well TD (“Total Depth”). The contingent casing string will enable additional flexibility while drilling and evaluating the target formation. This scenario had been anticipated and the additional 9 5/8" casing is already on the rig. The presence of oil shows is not necessarily indicative of net pay and conclusive results for the well will not be available until drilling operations have been completed and logging data collected. A further announcement on the results of the well will now be likely in early June.

19 May 2015

Transocean confirms further delay to newbuild jackup delivery

Transocean Ltd (“Transocean”) today confirmed an announcement that the company originally made in its Q1 2015 results regarding delivery of its five newbuild jackup rigs in Singapore. Transocean has agreed with Keppel FELS to extend the construction delay further than the initial six month delay that was agreed upon in February 2015. The first jackup, Transocean Cepheus is now scheduled to .... [+ read more] be delivered in Q1 2018, a full two years later than originally planned. Meanwhile the remaining units are scheduled to be delivered in Q3 2018, Q1 2019, Q3 2019 and Q1 2020.

18 May 2015

Ocean Rig and Eni complete drilling contract agreement

Ocean Rig UDW Inc. (“Ocean Rig”) today announced that in connection with the previously announced omnibus agreement with Eni Angola S.p.A (“Eni”), all closing connections including approvals by national authorities and signing of definitive documentation has been satisfied. The omnibus agreement was originally announced by Ocean Rig on the 8th January 2015. As a result of the completed agreement, the .... [+ read more] contract for the Ocean Rig Poseidon has been extended for a full year, until Q2 2017 and the unit now has a total contract backlog of USD367 million. Meanwhile the Eni has entered into a new contract for the Ocean Rig Olympia which is expected to commence drilling in Angola in Q3 2015 for a minimum period of eight months and a total contract value of USD91 million.

18 May 2015

Kosmos announces larger discovery at Tortue-1

Kosmos Energy (“Kosmos”) has announced that the Tortue-1 exploration well in Block C8, offshore Mauritania has encountered additional hydrocarbons whilst drilling to its total depth. Based on the preliminary analysis of drilling results, Tortue-1 has intersected approximately 10 meters (32 feet) of net hydrocarbon pay in the lower Albian section, which is currently interpreted to be gas. This is in addition .... [+ read more] to the previously announced 107 meters (351 feet) of net pay encountered in the Cenomanian, which was the primary objective. The well was drilled beyond the primary objective to obtain deeper stratigraphic information and enable seismic calibration of the Albian, which will be tested in subsequent wells. Down to total depth drilled, no water was encountered in the well. Brian F. Maxted, chief exploration officer, said: “We are encouraged by the presence of additional hydrocarbons in the deeper portion of the well. This suggests we have a working hydrocarbon system in both the Albian and Cenomanian sequences. While the Albian was not the primary objective of the Tortue-1 well, the presence of additional hydrocarbons in the Albian further de-risks other prospects in the Greater Tortue Complex which include primary reservoir targets in both the Albian and underlying Aptian.” Located approximately 285 kilometers southwest of Nouakchott in 2,700 meters of water, and drilled with the Atwood Achiever drillship, the Tortue-1 well was drilled at a total cost of approximately USD125 million to a total depth of approximately 5,100 meters. The Tortue discovery area has also been renamed Ahmeyim. Kosmos currently owns a 90% interest in the Ahmeyim discovery, along with Société Mauritanienne Des Hydrocarbures et de Patrimoine Minier (SMHPM) at 10%.

16 May 2015

VietGazprom contracts 'Deepsea Metro I'

Odfjell Drilling (“Odfjell”) has secured new a new contract for the Deepsea Metro I drillship by signing a contract with VietGazprom in Vietnam. The unit will work between blocks 130 and 131 offshore Vietnam. Contract commencement is expected to take place in mid Q3 2015. The contract duration is approximately 20 weeks, with an estimated contract value of USD40 million. The .... [+ read more] contract also includes options for two well testing periods with an estimated duration of 90 days each. "We are pleased to secure new employment for Deepsea Metro I in the current challenging market. Since it was delivered from yard in 2011 the drillship has provided safe, reliable and the highest quality of drilling performance for our previous clients. The rig has been unemployed since December 2014 and is currently positioned in South Africa. It will start mobilising for its new contract in Vietnam immediately," says Mr Simen Lieungh, CEO of Odfjell Drilling. The ultra-deepwater drillship, Deepsea Metro I, is owned by Golden Close Maritime Corp. Ltd., a company owned by Deep Sea Metro Ltd., a joint venture between Metro Exploration (60%) and Odfjell Drilling (40%). Odfjell Drilling is the manager of the vessel.

15 May 2015

OMV drills duster at Bjaaland prospect

OMV (Norge) AS, operator of production licence 537, is in the process of concluding the drilling of wildcat well 7324/8-2. The well was drilled about 6 kilometres southeast of oil discovery 7324/8-1 "Wisting" in the Barents Sea and 310 km north of Hammerfest. The purpose of the well was to prove petroleum in reservoir rocks from the Middle Jurassic to .... [+ read more] Late Triassic Age (the Stø and Fruholmen formations). The secondary exploration target was to prove petroleum in reservoir rocks from the Middle to Late Triassic Age (the Snadd formation). The well encountered about 15-metre thick reservoir rocks in the Stø formation with good reservoir quality and about 55-metre thick reservoir rocks in the Fruholmen formation with medium to good reservoir quality. The well also encountered about 10-metre thick reservoir rocks in the Snadd formation with good reservoir quality. The well is dry. Data acquisition and sampling has been carried out. This is the fourth exploration well in production licence 537. The licence was awarded in the 20th licensing round in 2009. Well 7324/8-2 was drilled to a vertical depth of 815 metres below the sea surface and was terminated in the Snadd formation from the Late Triassic Age. Water depth at the site is 394 metres. The well will now be permanently plugged and abandoned. Well 7324/8-2 was drilled by the Leiv Eriksson drilling facility, which is now scheduled to drill wildcat well 6507/11-11 in production licence 591 in the Norwegian Sea, operated by Tullow Oil Norge AS.

15 May 2015

Noble agrees to jackup rate reduction with Saudi Aramco

Noble Corporation (“Noble”) today released its updated fleet status and announced that the company reached an agreement with Saudi Aramco to reduce the operating dayrates for five jackup rigs. The dayrate reductions are effective from 1st January 2015 and run through the entirety of 2015 and will be applied over the remaining life of the existing contracts. The rigs in question .... [+ read more] are the Noble Scott Marks, Noble Roger Lewis, Noble Gene House, Noble Joe Beall and Noble Charles Copeland. The dayrates for the Noble Scott Marks and Noble Roger Lewis were reduced to USD169.5k whilst the remaining three jackup rates were reduced to USD65k. This announcement follows earlier agreements that Saudi Aramco negotiated with Rowan and Ensco for rate reductions in 2015.

15 May 2015

Suncor fails to find hydrocarbons with Beta Statfjord appraisal

Suncor Energy Norge AS, operator of production licence 375, has completed drilling of appraisal well 34/4-14 S in the oil discovery 34/4-11. The discovery was proven in 2010, and is located approximately 20 kilometres northwest of the Snorre field in the North Sea. The reservoir is in the Brent and Statfjord groups and, prior to drilling of appraisal well 34/4-14 S, .... [+ read more] the expected recoverable reserves were about 7 million Sm3 of oil and 0.7 billion Sm3 of gas. The purpose of well 34/4-14 S was to delineate the discovery proven with well 34/4-11 and delineated by well 34/4-13 S. The well encountered a reservoir in the Statfjord group from the Early Jurassic Age and proved 11 metres of net sandstone of good quality. The well is dry. Data acquisition and sampling has been carried out. This well is the third exploration well in production licence 375, awarded in APA 2005. The well was drilled to a vertical depth of 4532 metres below the sea surface and was terminated in the Lunde formation from the Late Triassic Age. The well will be permanently plugged and abandoned. Well 34/4-14 S was drilled by the Borgland Dolphin drilling facility, which is now scheduled to drill wildcat well 25/10-13 S in production licence 571, operated by Suncor Energy AS.

15 May 2015

Shell given approval to plug another Draugen well

The PSA has given AS Norske Shell (“Shell”) consent to use the Transocean Barents mobile drilling facility for plugging and abandonment of production well 6407/9-A-55 on the Draugen field. This is the second well on Draugen that Shell have been given approval to plug during the week, following the PSA’s approval of the plugging of the 6407/9-G-5 H well on the .... [+ read more] 13th May.

14 May 2015

JDC has started the drilling operation using HAKURYU-12

The new jack-up rig "HAKURYU-12" departed from Singapore on March 17, and sailed around the Cape of Good Hope in South Africa. After the loading of materials and equipment necessary to the operation at Trinidad and Tobago, she finally arrived to offshore Suriname in South America on May 8. Afterwards, she started the drilling operation based on the contract with TOS .... [+ read more] on May 14.

13 May 2015

Atlantica Tender Drilling announce early termination of 'Alpha' contract

Atlantica Tender Drilling Ltd (“Atlantica”) today announced that due to the depressed oil price environment, Total E&P Congo has elected to early terminate the contract for the Alpha. The contract is expected to come to reach its conclusion of the present well expected later this month. Atlantica intends to warm stack the Alpha offshore Congo (Brazzaville) in anticipation of future work .... [+ read more] in the area. The Alpha is presently being actively marketed to operators in both major tender assist regions: Southeast Asia and West-Africa.

13 May 2015

PSA approves use of 'Transocean Barents' on Draugen Field

A/S Norske Shell (“Shell”) has received consent to use the Transocean Barents mobile drilling facility to drill a production well on the Draugen field. Draugen is an oil field in the Norwegian Sea, around 150 km north of Kristiansund. Shell is the field's operator. Production on the field began in October 1993. The field has been developed using a fixed concrete .... [+ read more] facility with an integrated deck. Deposits in the vicinity are produced by subsea wells tied back to the Draugen facility. Shell has applied for consent to drill a new production well designated 6407/9-G-5 H. Water depth at the site is 289 metres. The well will be connected to a subsea pipeline system leading to the Draugen facility. Until this system is ready, the well will be shut off and monitored. Shell has now received consent to use the Transoceoan Barents mobile drilling facility for drilling, which is scheduled to begin on 30th May 2015 and last for 45 days.

13 May 2015

'Ocean Victory' arrives in Trinidad for BP contract

BP Trinidad and Tobago LLC (“BP”) has announced that the Ocean Victory semi-submersible drilling rig, owned and operated by Diamond Offshore Drilling Inc (“Diamond”), has arrived in Trinidad and Tobago after mobilising from the USA. The unit will now take on personnel, equipment and supplies, before moving to the offshore location of the Juniper field located 50 miles off the south .... [+ read more] east coast of Trinidad, where it is expected to commence drilling operations in mid-May. The Juniper project is BP’s first in subsea field development in Trinidad and will have a production capacity of approximately 590 million standard cubic feet a day (mmscfd). First gas from the facility is expected in 2017. The rig, which is capable of drilling to total depths of up to 25,000 feet, and in water depths of up to 6,000 feet, is under contract for an initial term of two years. It is expected to drill 5 subsea wells which will be tied into the Juniper platform. Ocean Victory has travelled 2,168 nautical marine miles in 23 days from Mississippi, US. This will be the third rig in operation on BP’s offshore facilities in Trinidad, joining the SKD Jaya and the Rowan EXL II.

13 May 2015

NPD approves Zumba prospect drilling

The Norwegian Petroleum Directorate (NPD) has granted Tullow Oil Norge AS a drilling permit for well 6507/11-11, cf. Section 8 of the Resource Management Regulations. Well 6507/11-11 will be drilled from the Leiv Eriksson drilling facility in position 65° 14' 16.06'' north and 7° 30' 39.31'' east completing wildcat well 7324/8-2 in production licence 537 for OMV (Norge) AS. The .... [+ read more] drilling programme for well 6507/11-11 concerns the drilling of a wildcat well in production licence 591. Tullow Oil Norge AS is the operator with an ownership share of 80 per cent. The other licensees are North Energy ASA (15 per cent) and Lime Petroleum Norway AS (5 per cent). The area in this licence consists of part of block 6507/8, part of block 6507/9 and part of block 6507/11. The well will be drilled about 14 kilometres southeast of the Heidrun field and about 220 kilometres west of the Njord field. Production licence 591 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 having secured all other permits and consents required by other authorities before the drilling starts.

12 May 2015

Ocean Rig delays delivery of two newbuild drillships

Ocean Rig UDW Inc (“Ocean Rig”) today released its financial results for Q1 2015. The company posted a profit of USD41.1 million for the first three months of 2015, recovering from last year’s USD1.5 million first quarter loss. However, Ocean Rig’s Chairman and Chief Executive officer George Economou warned that “the market remains challenging with limited visibility of new contracts and .... [+ read more] is likely to remain through the near term”. With reference to this the company took the decision to delay the delivery of the Ocean Rig Crete and Ocean Rig Amorgos newbuild drillships until Q1 2018 and Q1 2019. Both units had previously been ordered to be delivered in 2017.

12 May 2015

'Eirik Raude' restarts Isobel Deep drilling

Rockhopper Exploration plc (“Rockhopper”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, has announced the following operations update. The Erik Raude semisub rig has now completed repairs to its BOP control system and has undergone the subsequent re-testing of the BOP stack following its return to the Isobel Deep .... [+ read more] well location where drilling re-commenced on 11th May 2015. Since suspending operations on the Isobel Deep (14/20-1) well on 24th April 2015, the rig has spudded and suspended the Jayne East (14/15c-6) well at 541m mdrkb on 29th April 2015 and spudded and suspended the Chatham (14/10-10) well at 1388m mdrkb on 4th May 2015.

12 May 2015

Maersk announces discovery at Xana-1X

As operator of license 9/95 Mærsk Olie og Gas A/S (“Maersk Oil”) has drilled the exploration well Xana-1X (5604/26-7) in the northern part of the Danish North Sea. Xana-1X was drilled as a vertical well. The well proved the presence of hydrocarbons in Upper Jurassic sandstone. A comprehensive data and sample acquisition programme was carried out for further characterization of the .... [+ read more] discovery. The oil companies will now evaluate the results of Xana-1X and make plans for the additional work that is necessary to determine if the hydrocarbon discovery can be produced commercially. Xana-1X was spudded on 8th December 2014 with the jack-up rig Noble Sam Turner, where the water depth is 68 meters. The well terminated in Upper Jurassic clay stone at a depth of 5,071 meters below mean sea level. The well is now being plugged and abandoned. Subsequently the jack-up rig Noble Sam Turner will be moved to licence 8/06B for the drilling of the Jude-1 appraisal well.

12 May 2015

BOEM approves Shell's arctic exploration plan

After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management (“BOEM”) today conditionally approved Shell Gulf of Mexico, Inc.’s revised multi-year Exploration Plan (“EP”) for the Chukchi Sea. Among the conditions of approval is the requirement that Shell obtain all necessary permits from other .... [+ read more] state and federal agencies, including permits to drill from the Bureau of Safety and Environmental Enforcement (“BSEE”) and appropriate authorizations under the Marine Mammal Protection Act. Another condition of approval prevents Shell from commencing drilling operations until all Biological Opinions under the Endangered Species Act have been issued and requires all operations under the plan comply with the terms and conditions included in those Biological Opinions. The EP describes all exploration activities planned by the operator, including the timing of these activities, information concerning drilling vessels, the location of each planned well, and actions to be taken to meet important safety and environmental standards and to protect workers, resources, wildlife and access to subsistence use areas. In accordance with the National Environmental Policy Act, the review of the EP included the preparation of an Environmental Assessment and a subsequent Finding of No Significant Impact. Shell’s revised EP proposes the drilling of up to six wells within the Burger Prospect, located in approximately 140 feet of water about 70 miles northwest of the village of Wainwright. Shell will conduct its operations using the Noble Discoverer and Transocean Polar Pioneer units, with each rig providing relief-well capability for the other. The two drilling units and their supporting vessels will depart the Chukchi Sea at the conclusion of each exploration drilling season.

11 May 2015

PSA performs audit of Dolphin Drilling Ltd

From 14th to 16th April, the Petroleum Safety Authority (“PSA”) Norway carried out an audit of Dolphin Drilling Ltd’s (“Dolphin”) land organisation in the domains of structural safety and maritime systems. The objective of the audit was to monitor that Dolphin possesses a robust system for verifying structures and maritime systems, especially in relation to ageing mechanisms. During the audit, the .... [+ read more] PSA sought to elucidate how the safety of ageing facilities is handled and how learning from identified ageing mechanisms and elements in previous incidents is used in respect of structural safety and maritime systems for Borgland Dolphin, Bideford Dolphin and Bredford Dolphin. No non-conformities or improvement points were identified.

11 May 2015

PSA approves Lundin's plan to drill exploration well 7220/11-3

Lundin Norway AS (“Lundin”) has received consent to drill exploration well 7220/11-3. Lundin is the operator for production licence 609 in block 7220/11 in the Barents Sea. Lundin has applied for consent to drill exploration well 7220/11-3. Drilling is scheduled to begin in June 2015 and estimated to last 56 days, depending on whether a discovery is made. Water depth at .... [+ read more] the site is 397 metres. The well is to be drilled by the Island Innovator mobile drilling facility. This is a semi-submersible mobile drilling facility of the GM4000-WI type, built in 2012 at Cosco Zhoushan Shipyard in China. The facility is operated by Odfjell Drilling. It is registered in Norway and classified by DNV GL. Island Innovator was issued with an Acknowledgement of Compliance (AoC) by the PSA in August 2013.

11 May 2015

'West Telesto' reaches TD at Yolla-6

Origin Energy Limited (“Origin”), the Operator of the BassGas Joint Venture, today announced that the Yolla-6 production well, which spudded at 21:30 hours AEDT on 14th March 2015, had reached total depth of 3,653m Measured Depth Below Rotary Table (“MDRT”). The well was drilled using the West Telesto jack up rig, which will move back to complete drilling of the Yolla-5 .... [+ read more] well which it top hole drilled on the 10th March 2015. The Yolla-5 and Yolla-6 wells are being drilled as part of Stage 2 of the BassGas Mid Life Enhancement (“MLE”) project. Yolla-6 will be cased and completed before being commissioned for production via the BassGas production facility at Lang Lang, Victoria. The wells are being drilled from the Yolla Platform which is located in Bass Strait, approximately 140km off shore from Kilcunda, Victoria.

11 May 2015

Cairn Energy cements Senegal drilling programme

Cairn Energy PLC (“Cairn”) and its joint venture partners have submitted a three year evaluation work plan to the Government of Senegal including an initial programme of three firm and three optional exploration and appraisal wells, with drilling starting in Q4 2015 in Cairn’s new basin play offshore Senegal focused on the acreage around the SNE-1 discovery well. Cairn estimates that .... [+ read more] the existing two discoveries and the currently identified prospects and leads have an estimated mean risked resource base of more than a billion barrels. The company has selected the Ocean Rig Athena drillship for the drilling programme and is in the final stages of finalising the rig contract. The drillship is currently contracted to ConocoPhillips in Angola until June 2017 and it is not yet clear whether the contract will be a sublet or if Cairn is taking over part of ConocoPhillips’ contract. The firm three well programme is currently planned to include two appraisal wells of the SNE-1 discovery which will core and test the reservoir, as well as one shelf exploration well. There will also be a 2,000km2 3D seismic data acquisition campaign over the Sangomar and Rufisque blocks to help fully map the prospectivity of the contract area. A work programme and budget for the three optional wells will be presented to joint venture partners in Q3 2015. Targets for these wells will be drawn from a combination of further evaluation of the SNE-1 discovery, additional exploration in the shelf region, and exploration in the acreage around FAN-1. Drilling plans for these wells will be subject to ongoing FAN studies and the results of the first three firm wells. Simon Thomson, Chief Executive of Cairn said: “Cairn made two significant discoveries offshore Senegal in 2014 proving a hydrocarbon system in a new and emerging Atlantic Margin Basin. We are excited about the exploration and appraisal opportunity of this world class asset. We have now submitted a three year evaluation work plan to the Government of Senegal which is designed to lay the foundation for a long term multi-field, multi phase exploitation plan. Our focus will be to add value in Senegal within a balanced, well funded company. We are well placed to take advantage of this exciting opportunity as we build on the success of last year.”

11 May 2015

Paragon announces contract cancellations in Mexico

Paragon Offshore plc. (“Paragon”) has announced that on the 6th May 2015, the company received written notices of termination from PEMEX – Exploracion y Produccion (“Pemex”) for the Paragon L1113 and Paragon B301 jackup rigs. Pemex exercised its 30 days right to terminate notice and the contracts are due to come to a conclusion in late May 2015. .... [+ read more]

8 May 2015

PSA approves VNG exploration plan for PL 586

VNG Norge (“VNG”) has received consent to drill two exploration wells 6406/12-4 S and 6406/12-4 A in the Norwegian Sea. VNG is the operator for production licence 586 in block 6406/12 in the Norwegian Sea. The field is around 83 kilometres from the Norwegian coast at Frøya and 61.4 kilometres south-west of Draugen. Water depth at the site is 319 metres. .... [+ read more] Drilling is scheduled to begin in June 2015 and estimated to last 52 days. In the event of a discovery, the activity may last a further 84 days for well testing. Drilling is to be carried out using Transocean Arctic, a semi-submersible drilling facility owned and operated by Transocean. It was built by Mitsubishi Heavy Industries in Japan in 1987, and substantially upgraded in 2004. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004.

8 May 2015

Statoil to plug Kristin field well

Statoil has received consent to use Scarabeo 5 for permanent plugging of well 6506/11-N-4 H on the Kristin field. Statoil has allocated up to 27 days for the activity, which will start in mid-May 2015. Water depth at the site is 367 metres. Scarabeo 5 is a type ME 4500 drilling facility and was built at the Fincantieri Shipyard in Genoa, .... [+ read more] Italy in 1990. It is operated by Saipem Norwegian Branch (Saipem). It is registered in the Bahamas and classified by ABS.

8 May 2015

Tullow set to spud Zumba prospect

Tullow Oil Norge AS (“TONAS”) has received consent for exploration drilling of well 6507/11-11. Tullow Oil Norge AS is the operator for production licence 591 in block 6507/11 in the Norwegian Sea. TONAS has applied for consent to drill exploration well 6507/11-11 in a prospect named Zumba. Drilling is scheduled to begin in May/June 2015 and estimated to last 50 days. .... [+ read more] In the event of a discovery, the activity may last a further 8 days for well testing. Water depth at the site is 272 metres.

7 May 2015

Karoon completes Echidna-1 drilling

Karoon Gas Australia Ltd (“Karoon”) has announced that the company has completed its production tests on the Echidna-1 well in the Santos Basin, Brazil. The test produced a facility constrained stabilised flow rate of 4,650 bopd from the Palocene reservoirs with a flowing well head pressure of 504 psig on a 1” choke. With reference to the Olinda Star contract, Karoon .... [+ read more] chose not to take up the final well option and will now release the unit.

7 May 2015

Talisman set to plug wells on Varg field

Talisman Energy AS (“TENAS”) has received consent to use the Mærsk Giant jackup for well plugging on the Varg field. TENAS received consent to use Mærsk Giant for plugging wells 15/12-A-2, A-4, A-9, A-11, A-12, A-13, A-15 and A-16 on the Varg field. TENAS has allocated up to 153 days for the activity, which will start in mid-May 2015. Water depth .... [+ read more] at the site is 367 metres. Varg is an oil field located south of Sleipner East in the central sector of the North Sea. The field will be produced using the Petrojarl Varg production vessel, which has integrated oil storage and is tied to the Varg A well-head facility.

6 May 2015

Repsol given approval to drill Hagar prospect

Repsol Exploration Norge AS (“RENAS”), the operator for production licence 642 in block 6306/5 in the southern Norwegian Sea has been given approval to spud an exploration well. Exploration well 6306/5-2 is to be drilled in a prospect called Hagar. The drill site is 80 km south-west of the Draugen field, and 65 km west of Smøla. Water depth at .... [+ read more] the site is 226 metres. Drilling is scheduled to begin in May 2015 and estimated to last 64 days, depending on whether a discovery is made. The well will be drilled by Bredford Dolphin, which is a mobile drilling facility of the Aker H-3 type. It was built in 1977 and significantly upgraded in 1999. The facility is registered in Singapore and classified by DNV GL.

5 May 2015

Otto Energy contracts 'Maersk Venturer' for Philippines drilling

Otto Energy Ltd (“Otto”) has announced that it has signed a contract to secure the Maersk Venturer drillship for its Hawkeye-1 exploration well in the Philippines. The window of commencement for mobilisation to the Hawkeye-1 drilling location is between 17th July and 15th August 2015. Otto is in the process of securing key services and equipment in the build up to .... [+ read more] mobilisation. Once it has reached the drilling location, the Maersk Venturer is expected to take 23 days to drill the well until rig release. The unit is currently ready stacked in Labuan, Malaysia.

5 May 2015

Statoil drilling at Bister prospect approved

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6407/8-7, cf. Section 8 of the Resource Management Regulations. Wellbore 6407/8-7 will be drilled from the Transocean Spitsbergen drilling facility in position 64° 23' 4.06'' north and 7° 33' 42.8'' east. The drilling programme for wellbore 6407/8-7 concerns the drilling of a wildcat well in production .... [+ read more] licence 348 C. Statoil Petroleum AS is the operator with an ownership interest of 35 per cent. The other licensees are GDF SUEZ E&P Norge AS (20 per cent), E.ON E&P Norway AS (17.5 per cent), Core Energy AS (17.5 per cent), Faroe Petroleum Norway AS (7.5 per cent) and VNG Norge AS (2.5 per cent). The area in this licence consists of part of block 6407/8. The well will be drilled about 4.5 kilometres north of the Hyme field and about 22 kilometres northeast of the Njord field. Production licence 348 C was awarded on 13 February 2015. 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.

5 May 2015

NDC contracts two premium jackups from Ensco for Abu Dhabi (UAE) drilling

Ensco plc (“Ensco”) has announced that it has entered into a three-year contract with National Drilling Company (“NDC”) for the ENSCO 110 jackup rig. This newbuild rig is scheduled to commence operations later this month offshore Abu Dhabi (UAE) at a rate of approximately USD114,000 per day. NDC has also contracted ENSCO 104 for a similar three-year term at a day .... [+ read more] rate of USD114,000. The rig is mobilising to the Middle East from the Asia Pacific region and is scheduled to commence its new contract in late-June 2015. Chief Executive Officer Carl Trowell commented, “We are pleased to extend our relationship with NDC. The Middle East is the largest market for premium jackups, and we continue to invest in new rig technology for the benefit of customers. ENSCO 110 is based on the Keppel FELS B Class Bigfoot design, which is capable of working at water depths up to 400 feet with a maximum drilling depth of 30,000 feet. The rig has a nominal variable deck load of 7,500 kips and a cantilever load of 2,500 kips. It includes a 1.5 million-pound derrick, TDS-8 top drive and 4-ram 15,000-psi BOP. Ensco customized the rig to add dual drilling fluid capability and upgraded the living quarters to accommodate 150 persons on board. ENSCO 104 is based on the KFELS Class B design. The rig operates in water depths up to 400 feet with a maximum drilling depth of 30,000 feet. The rig has a variable deck load of 8,025 kips and a cantilever load of 1,675 kips. It includes a 1.5 million-pound derrick, TDS-8 top drive and 4-ram 10,000-psi BOP.

4 May 2015

Apache negotiates rate reduction for final two months of future contract

Apache Corporation (“Apache”) has negotiated a reduced dayrate with Diamond Offshore Drilling Inc (“Diamond”) on its future contract for the Ocean Monarch semisubmersible drilling rig. The unit which is expected to begin its 18 month contract in Australia for Apache in June 2015 will see its dayrate reduce from USD410,000 to USD350,000 for the final two months of the 18 month .... [+ read more] contract.

4 May 2015

Diamond announces new wave of rig retirements and stacking activity

Diamond Offshore Drilling Inc. (“Diamond”) today released the company’s updated fleet status report alongside its financial results for Q1 2015. Diamond announced a further wave of rig retirements and cold stacking amid the current downturn in the drilling market. The offshore rig manager retired three semisub units, the Ocean Worker, Ocean Yorktown and Ocean Saratoga. The three retired units had an .... [+ read more] average age of 37 years. Meanwhile Diamond also cold stacked the Ocean Star, Ocean Princess, Ocean Nomad and Ocean Spur. Diamond has been one of the most active rig managers in terms of stacking and retirement activity thus far in 2015.

1 May 2015

Lamprell delivers 'Butinah' jackup rig

Lamprell Plc (“Lamprell”) has announced the completion of the construction of the Butinah jackup drilling rig for Abu Dhabi’s (UAE) National Drilling Company (“NDC”). The Butinah rig departed Lamprell’s Hamriyah shipyard on the 1st May 2015 and is enroute to its drilling location on the Zakum field offshore Abu Dhabi (UAE). The Butinah rig joins its sister rigs, the Makasib, Muhaiyimat, .... [+ read more] Qarnin, Marawah and the Shuwehat, all of which were built to LeTourneau’s Super 116-E rig design.

1 May 2015

Hercules extends 'Hercules 261' contract for another month

Hercules Offshore, Inc. (“Hercules”) has announced that it has received a notice from Saudi Aramco extending the termination date of its drilling contract for the Hercules 261, to May 31st, 2015. This is the second termination date extension that Saudi Aramco has issued for the Hercules 261. Previously the contract was due to expire on the 27th March 2015 and then .... [+ read more] the 30th April 2015, following notice that Saudi Aramco gave Hercules in February 2015. As previously disclosed, we are in the process of seeking a basis for continuing the Hercules 261 contract.

1 May 2015

Odfjell Drilling expects Brazilian newbuilds to be delayed by one year

Odfjell Drilling (“Odfjell”) today released its annual report for 2014. Within the report Odfjell highlighted its ownership of three of the drillships being constructed as part of Sete Brasil’s Brazilian drillship campaign. Odfjell is involved with the construction of three drillships in Brazil, that would be managed by Odfjell Galvao (Odfjell owns 50% of the management company) following construction at the .... [+ read more] Estaleiro Jurong Aracruz shipyard in Brazil. Whilst construction of the first unit is progressing, there is risk and uncertainty related to the newbuild programme in Brazil linked to Sete Brasil’s financial troubles. Odfjell expects that each of the drillship projects will be delayed by at least one year compared to the original delivery plan.

1 May 2015

Atwood delays delivery of 'Atwood Admiral'

Atwood Oceanics (“Atwood”) has announced that it has opted to delay the delivery of its newbuild Atwood Admiral drillship from September 2015 until March 2016. Atwood announced a few months ago that it had agreed to potentially push back the delivery of the Atwood Admiral and Atwood Archer drillships from their current delivery schedule amid the slowdown in the offshore drilling .... [+ read more] market. The unit which is being constructed at Daewoo Shipbuilding and Marine Engineering’s (“DSME”) shipyard in Okpo, South Korea and Atwood has a further option to delay delivery until September 2016 if required.

30 Apr 2015

Chevron announces gas discovery in Australia

Chevron Australia Pty Ltd announced today further drilling success in the Greater Gorgon Area located in the Carnarvon Basin, a premier hydrocarbon basin offshore northwest Australia. The Isosceles-1 exploration discovery well encountered approximately 134 metres (440 feet) of net gas pay in the Triassic Mungaroo Sands in 968 metres of water (3,175 feet). The well fulfilled the second year work commitment .... [+ read more] in the exploration program. It is located in the WA-392-P permit area approximately 95 kilometres (60 miles) northwest of Barrow Island, off the coast of Western Australia. “This discovery is a continuation of our exploration success and further positions our company as a key supplier for future liquefied natural gas (LNG) demand in the Asia-Pacific region,” said Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company. Roy Krzywosinski, managing director, Chevron Australia, said: “This discovery in the Greater Gorgon Area is an important addition to our portfolio and highlights the industry-leading results of our exploration program in Australia.” Chevron Australia is the operator of WA-392-P with a 50 percent interest while Shell Australia and Mobil Australia Resources each hold a 25 percent interest.

30 Apr 2015

KrisEnergy completes Rayrai-1 well

KrisEnergy Ltd. (“KrisEnergy”), has provided an update to the drilling of the Rayrai-1 exploration well in block G10/48 in the Gulf of Thailand. KrisEnergy announced that the Rayrai-1 well has reached a total depth of 6,382 feet (1,945 metres) measured depth and intersected approximately 50 feet true vertical depth of net oil-bearing sandstones. The well, which is located in 170 feet .... [+ read more] of water was drilled by the Key Gibraltar jackup rig.

30 Apr 2015

Keppel updates status of Sete Brasil rig orders

Amid the recent concern surrounding Sete Brasil’s numerous rig orders in Brazil, Keppel Offshore & Marine (“Keppel”) has released a statement indicating that at the 31st March 2015, the first three of the six DSS 38E semisubs being constructed for Sete Brasil at the BrasFELS shipyard in Brazil were around 89%, 58% and 32% complete. Keppel indicated that the company has .... [+ read more] received payments up to November 2014, alongside a 10% down payment for the three units yet to begin construction. Keppel has indicated that it does not expect Sete Brasil to cancel the six units on order at BrasFELS and has spoken to the rig owner to explore the possibility of slowing down construction of the orders until Sete Brasil can secure sufficient financing for the project.

30 Apr 2015

'COSLProspector' goes to work for CNOOC

On 30th April 2015, the COSLProspector semisub officially left the deep-water wharf of CIMC Raffles and joined the deepwater fleet of CNOOC. COSLProspector is the fourth deepwater semisubmersible drilling rig delivered by CIMC Raffles for China Oilfield Services Limited (“COSL”). It can operate in all sea areas except for the arctic. The operational water depth is up to 1,500 meters, whilst .... [+ read more] drilling depth is up to 7,600 meters, designed temperature -20?, accommodation for 130 personnel and the maximum variable deck load of 5,500 tons. The unit is equipped with most advanced National Oilwell Varco (“NOV”) drilling system and DPS-3 dynamic position system and is classed by both DNV and CCS. The COSLProspector is also classified for operations in Norway. Since the delivery of the unit on 19th November 2014, an 80 strong engineering team has been dedicated to the preparation project, including preparing the ROV system, combustion beam system and mud log system. 50 of them spent Chinese Spring Festival on the rig.

29 Apr 2015

Murphy fails to find hydrocarbons with Munia prospect

Murphy Oil Corporation (“Murphy”) has announced within the release of its first quarter 2015 earnings that its third and final exploration well in the Perth Basin called the Munia prospect is a dry hole and has been plugged and abandoned. All three exploration wells (Koel, Cisticola and Munia) were classified as dry holes and Murphy recorded a dry hole expense of .... [+ read more] USD31.8 million in Q1 2015 for this drilling programme. The Atwood Falcon was used for the drilling programme and the unit has now gone to work for BHP Billiton.

29 Apr 2015

BP confirms start of Quad 204 drilling programme

BP, on behalf of the Schiehallion co-venturers Shell and OMV, is pleased to announce the start of drilling on the Loyal field by the newbuild, semi-submersible Deepsea Aberdeen, marking the start of a seven year drilling campaign west of Shetland. Deepsea Aberdeen is contracted to drill wells across the Schiehallion and Loyal fields, as part of the Quad204 development. The sixth-generation, .... [+ read more] dual derrick rig is the newest addition in Odfjell Drilling’s fleet of mobile offshore drilling units. It has been designed to the highest international safety standards to operate in harsh environments, carrying out ultra-deepwater drilling in depths up to 3,000m. The Deepsea Aberdeen will initially drill two producer wells and one injector well on Loyal, before moving onto Schiehallion to continue drilling activities. Five wells are planned to be drilled prior to first oil from the new Glen Lyon floating, production, storage and offload (FPSO) vessel at the end of 2016.

29 Apr 2015

PSA approves 'Transocean Arctic' to drill Wintershall exploration well 35/12-5

Wintershall has received consent to drill exploration well 35/12-5 in the northern part of the North Sea. Wintershall is the operator for production licence 378 in block 35/12 in the northern North Sea. Exploration well 35/12-5 is to be drilled in a prospect called Crossbill. The drilling site is around 10 km south-east of the Skarfjell well 35/9-7 and 12 km .... [+ read more] SSW of the Gjøa platform. Water depth at the site is 353 metres. Drilling is scheduled to begin in May 2015 and estimated to last 57 days. A possible sidetrack will take a further 113 days.

29 Apr 2015

PSA audits Songa Cat-D rig anchor chains

On 26th and 27th February 2015, the Petroleum Safety Authority Norway (“PSA”) carried out an audit of Songa Offshore's follow-up and management of the fabrication of the anchor chains for the Cat D rigs. The objective of the audit was to verify that the fabrication of anchor chain was being managed, followed up and performed in compliance with the regulations. The .... [+ read more] result of the audit was that, no non-conformities were identified. The audit concluded that the following improvements could be made; supply follow-up, planning and documentation of inspections and recording and documentation of repair grinding. The four Cat-D rigs are currently under construction as Daewoo Shipbuilding and Marine Engineering’s (“DSME”) shipyard in Okpo, South Korea.

28 Apr 2015

Wintershall makes small oil discovery in Norway

Wintershall Norge AS, operator of production licence 589, is about to complete drilling of wildcat well 6406/2-8. The well proved oil. The well was drilled about 20 kilometres south of the Kristin field in the Norwegian Sea and 190 kilometres northwest of Kristiansund. The objective of the well was to prove petroleum in Lower to Middle Jurassic reservoir rocks (Båt .... [+ read more] and Fangst groups). The well encountered two oil columns over an approx. 130-metre interval in the Båt and Fangst groups in sandstone of generally poor reservoir quality. Preliminary estimation of the size of the discovery is between one and eight million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees will assess the discovery with regard to further follow-up. The well was not formation tested, but extensive data acquisition and sampling have taken place. This is the first exploration well in production licence 589, which was awarded in APA 2010. The well was drilled to a vertical depth of 4655 metres below the sea surface, and was terminated in red sandstone layers in the Middle to Upper Triassic (“Red beds”). Water depth is 262 metres. The well will now be permanently plugged and abandoned. Well 6406/2-8 was drilled by the Transocean Arctic drilling facility, which will now drill wildcat well 35/12-5 S in production licence 378 in the North Sea, where Wintershall Norge AS is the operator.

28 Apr 2015

Wintershall set to spud wildcat well in PL 378

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, cf. Section 8 of the Resource Management Regulations. Well 35/12-5 S will be drilled from the Trancocean Arctic drilling facility at position 61°13`01.65" north and 03°49`39.29" east, after completing the drilling of wildcat well 6406/2-8 for Wintershall Norge AS in production licence 589. The .... [+ read more] drilling programme for well 35/12-5 S relates to the drilling of a wildcat well in production licence 378. Wintershall Norge AS is the operator with an ownership interest of 45 per cent. The other licensees are Capricorn Norge AS (20 per cent), Explora Petroleum AS (17.5 per cent) and Talisman Energy Norge AS (17.5 per cent). The area in this licence is composed of parts of block 35/12. The well will be drilled about 80 kilometres southwest of Florø. Production licence 378 was awarded on 6 January 2006 (APA 2005). This is the fifth 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.

28 Apr 2015

Lamprell wins first firm newbuild rig order of 2015

Lamprell Plc. (“Lamprell”), has announced that National Drilling Company ("NDC"), Abu Dhabi, has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high-specification jackup drilling rig. Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this will be the ninth rig constructed of the same .... [+ read more] design. The LeTourneau-designed, Super 116E (Enhanced) Class mobile offshore drilling unit will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with a planned delivery in Q2 2017. As previously announced, NDC has further options for Lamprell to build up to an additional two jackup rigs of the same design, which have been extended to 3Q 2015. James Moffat, Chief Executive Officer, Lamprell, said: "I am delighted to be able to announce this new award from NDC, thereby extending our on-going relationship with our largest client by way of a ninth new build jackup rig in the series. This is particularly pleasing given the backdrop of a challenging market environment. We are proud of the continuing confidence that NDC has shown in our track record for delivering high quality work competitively and to schedule and this consistent focus on client satisfaction is one of Lamprell's key strengths. We take this opportunity to thank NDC for this further business. The award of this newbuild is also the first newbuild rig order placed thus far in 2015 and follows the news that Abu Dhabi National Oil Company (“Adnoc”) is looking to boost its offshore production through the spending of over USD25 billion over the next 25 years. Adnoc is also looking to increase its drilling plans and potentially contract more offshore rigs in order to meet this demand.

28 Apr 2015

Statoil given green light to drill Bister prospect

Statoil Petroleum AS (“Statoil”), the operator of production licence 348 in block 6407/8 in the Norwegian Sea has been given approval to drill exploration well 6407/8-7 in Norway. Exploration well 6407/8-7 is to be drilled in a prospect called Bister. The drilling site is 80 km from the nearest mainland at Mausund, north of Frøya in the county of Sør-Trøndelag. .... [+ read more] Water depth at the site is 259 metres. Drilling is scheduled to begin in May 2015 and estimated to last 29 days, depending on whether a discovery is made. Drilling is to be performed by Transocean Spitsbergen, which is a semi-submersible mobile drilling facility of the Aker H-6e type.

27 Apr 2015

Kosmos makes significant gas find

Kosmos Energy (“Kosmos”) has announced that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery. Based on the preliminary analysis of drilling results and intermediate logging to a depth of 4,630 meters, Tortue-1 has intersected 107 meters (351 feet) .... [+ read more] of net hydrocarbon pay. A single gas pool was encountered in the primary Lower Cenomanian objective. The Lower Cenomanian is comprised of three excellent quality multi-Darcy reservoirs totaling 88 meters (288 feet) in thickness over a gross hydrocarbon bearing interval of 160 meters (528 feet). A fourth zone 19 meters (62 feet) thick was penetrated within the secondary Upper Cenomanian target over a gross hydrocarbon bearing interval of 150 meters (492 feet). Andrew G. Inglis, chairman and chief executive officer, said: “Volumetrically, the Tortue-1 well has far exceeded our pre-drill expectations and has discovered a large scale gas resource. Our seismic imaging indicates the areal extent of Tortue West could cover approximately 90 square kilometres that will be better defined with appraisal drilling. Importantly, given the results and excellent well-to-seismic calibration, the Tortue-1 well has significantly de-risked our large and under-explored 27,000 square kilometre deepwater position in Mauritania. Our acreage offers substantial follow-on prospectivity including a diverse range of Cenomanian as well as deeper Cretaceous plays and fairways with strong dependency.” An appraisal program is being planned to delineate the Tortue West discovery. In addition, the Marsouin-1 exploration well, located in the central part of Block C-8, is expected to spud in the third quarter of 2015. An exploration program is also being formulated to test the other prospects in the Greater Tortue Complex, which extends into the St. Louis Offshore Profond Block in Senegal, including the Tortue East and Tortue North prospects. In support of this program, a 3D seismic survey acquired over our Senegal blocks in 2014 is currently being processed and interpreted. Located approximately 285 kilometres southwest of Nouakchott in 2,700 meters of water, and drilled with the Atwood Achiever drillship, the Tortue-1 well is now drilling to the planned total depth of approximately 5,250 meters. Kosmos currently owns a 90% interest in the Tortue Prospect, along with Société Mauritanienne Des Hydrocarbures et de Patrimoine Minier (SMHPM) at 10 percent. Since 2012, Kosmos has held rights to conduct exploration in the C-8, C-12 and C-13 contract areas under production sharing contracts with the Government of Mauritania. In March 2015,Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), acquired a 30% non-operated interest in the C-8, C-12 and C-13 contract areas under production sharing contracts. Chevron has an option to elect to participate at a 30% interest in the Tortue Prospect, subject to Chevron paying a disproportionate share of their costs related to the Tortue-1 exploration well. The blocks are contiguous, range in water depth between 1,000 and 3,000 meters, and have combined acreage of approximately 27,000 square kilometers.

24 Apr 2015

KrisEnergy spud Rayrai-1 exploration well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the company has begun drilling operations at the Rayrai-1 exploration well in block G10/48 in the Gulf of Thailand. The Rayrai-1 well is located in 52 metres of water and is projected to be drilled to a total depth of 1,945 metres. Following the completion of the exploration .... [+ read more] well, KrisEnergy will use the Key Gibraltar jackup to drill 15 development wells on the Wassana oil field located in the same block.

24 Apr 2015

Premier runs into trouble whilst drilling Isobel Deep

Rockhopper Exploration plc (“Rockhopper”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is providing an update on the operations on the 14/20-1 Isobel Deep well ("Well") that was spudded, by Premier Oil as operator, on 8th April 2015. Following successful setting of the 13 3/8" casing .... [+ read more] string at a depth of 1273.9m mdrkb, the Well has encountered problems with the BOP stack as a result of equipment malfunction which has required the Well to be suspended and BOP stack recovered for the necessary repairs. The Operator has decided to move the rig and set conductors at the Chatham and Jayne East locations. The rig will return to the Isobel Deep location to continue drilling on completion of BOP repairs and a further operational update will be issued at that time. No spud announcements will be made for the Chatham or Jayne East wells but information on the setting of conductors will be made in the next operational update.

23 Apr 2015

PSA completes 'Scarabeo 8' investigation

The PSA’s investigation of the incident on Scarabeo 8 during February 2015, when a man fell overboard, is now completed. Several regulatory breaches were identified. A man fell overboard from the mobile drilling unit Scarabeo 8 at about 04.00 on Friday 20th February 2015.The incident occurred when subsea personnel were preparing to bring the blowout preventer (BOP) back into service after .... [+ read more] about four weeks of maintenance. Two subsea engineers were working in the moonpool area at the time of the incident. They entered the BOP carrier used to move the unit between the well centre and the parked position. One of the subsea engineers descended the ladder which leads to a small access platform on the carrier. As he stepped off the ladder onto the grating below, he fell through a gap directly into the sea 13.5 metres below. The other subsea engineer observed the fall and managed to throw out a lifebuoy. The man-overboard alarm was sounded via Scarabeo 8’s control room to the Esvagt Aurora standby ship. Personnel on the latter mobilised its MOB boat and picked up the person from the water. He was flown by helicopter from the standby ship to hospital for a check and treatment. No serious injuries were found. The PSA quickly decided to investigate the incident. This investigation has sought to clarify the course of events, the direct and underlying causes and the actual and potential consequences, and possibly identify breaches of the regulations. The direct cause of the incident was the missing grating on the BOP carrier platform, probably as a result of high seas ahead of the incident.

22 Apr 2015

Coastal Contracts sells 'Coastal Driller 4001'

Coastal Contracts Bhd (“Coastal”) has announced that its wholly-owned subsidiary, Thaumas Marine Pte Ltd has secured a contract for the sale of a single jackup rig (Coastal Driller 4001) for approximately RM807 million (USD221 million). Coastal did not announce the buyer of the jackup rig, instead choosing to refer to it as “a reputable oil company”. However, it is believed to .... [+ read more] be Sinopec who were apparently leaning towards purchasing the jackup in January 2015 and renaming it Kan Tan 7. The jackup will be delivered in Q3 2015. Coastal also announced that it is discussions about potential charters for its second newbuild jackup, due to be delivered in Q4 2015 from CIMC Raffles in China.

22 Apr 2015

Saudi Aramco reduces wave of jackup rates - Rowan

Both Ensco Plc. (“Ensco”) and Rowan Companies Plc. (“Rowan”) have announced agreements with Saudi Aramco to reduce dayrates for a combined 12 jackups (five Rowan jackups and seven Ensco jackups). The wave of rate reductions for Rowan’s five units began on the 1st March 2015 and will last 12 months until 1st March 2016. Meanwhile the reductions for Ensco’s began in .... [+ read more] April 2015 and run until January 2016. Rates have been reduced from 9% up to 32% in some cases for the 12 jackups. The announcement of rate reductions for these units is expected to be echoed by other rig managers that have units on contract with Saudi Aramco.

22 Apr 2015

Det Norske completes two Ivar Aasen appraisal wells

Det norske oljeselskap AS, operator of production licence 001 B, has completed drilling of appraisal wells 16/1-21 S and 16/1-21 A on the Ivar Aasen field. The field is located in the central part of the North Sea and was proven in 2008. The size of the field prior to drilling of these two appraisal wells was 24 million standard cubic .... [+ read more] metres (Sm3) of recoverable oil, 1 million Sm3 of recoverable condensate and 4.5 billion Sm3 of recoverable gas. The primary target for wells 16/1-21 S and 16/1-21 A was to investigate reservoir rocks and reservoir quality, as well as the extent of an overlying gas cap in the eastern part of the field in Middle Jurassic to upper Triassic reservoir rocks (the Hugin, Sleipner and Skagerrak formations, as well as the Statfjord group). In addition, 16/1-21 S had a secondary exploration target in overlying Paleocene reservoir rocks (the Heimdal formation). 16/1-21 S encountered a total oil column of 54 metres, of which 25 metres were of good to very good reservoir quality in the Skagerrak formation. The oil is undersaturated, which is also the case in the eastern part of the field (16/1-16 and 16/1-16 A). The gas/oil ratio (GOR) in the oil zone is 130-145 Sm3/Sm3. The oil/water contact was not encountered, but was calculated at approx. 2436 metres, which is 2 metres deeper than previously assumed in the Skagerrak formation. Gas was not encountered in the well. In the Heimdal formation, the well encountered 27 metres of aquiferous sandstone of good to very good quality. 16/1-21 A encountered a total oil column of 41 metres and a 4-metre gas column, of which a total of 29 metres was of very good reservoir quality in the Sleipner and Skagerrak formations. The oil in the Sleipner formation is saturated, while the oil in the Skagerrak formation is largely undersaturated. The oil/water contact was not encountered. The well results have yielded valuable information as regards the final location of production and injection wells. Further work going forward will integrate the new data and contribute to increased field understanding. The Ivar Aase field field consists of production licences 001 B, 028 B, 242, 338 BS and 457. The Plan for Development and Operation (PDO) was submitted to the Ministry of Petroleum and Energy on 21 December 2012. Extensive data acquisition and sampling have been carried out. These are the fourth and fifth appraisal wells in production licence 001 B. This production licence was carved out of production licence 001 on 15 December 1999. PL001 was originally awarded on 1 September 1965 (round 1-A). Wells 16/1-21 S and 16/1-21 A were drilled to measured depths of 2630 and 3313 metres, respectively, and vertical depths of 2530 and 2463 metres below the sea surface. Both were terminated in the Skagerrak formation in the Upper Triassic. The wells have been permanently plugged and abandoned. Water depth at the site is 113 metres. The wells were drilled by the Maersk Interceptor drilling facility, which will now continue drilling appraisal well 16/1-22 S in the western part of the Ivar Aasen field.

21 Apr 2015

'Deepsea Aberdeen' begins drilling contract on Quad 204 field development

Odfjell Drilling has announced that today, the Deepsea Aberdeen semisub commenced drilling operations under its 7-year contract with BP on the Quad 204 field development project West of Shetland, UK. Deepsea Aberdeen is the latest addition to Odfjell Drilling’s fleet of ultra-deepwater and harsh environment mobile offshore drilling units. The rig was delivered from the DSME yard in South Korea in .... [+ read more] November 2014. The start of drilling operations of Deepsea Aberdeen marks another step in the development of Odfjell Drilling’s activities in the UK and harsh environment offshore regions. The rig design is based on our more than 40 years’ experience of drilling in the North Sea. Our offshore crew and our onshore organisation in UK are looking forward to working collaboratively with BP over the next seven years on the Quad 204 development, says CEO of Odfjell Drilling, Simen Lieungh.

20 Apr 2015

'Satti' jackup rig launched in Caspian Sea

At the Caspian shipyard Ersai, located in Kuryk village of Mangistau Oblast the dry-dock launching of the Satti jackup drilling rig took place, the keel of which was laid down on May 8th, 2013. Rakimbek Amirzhanov, Deputy Governor of Mangistay Oblast said that it was the first jackup drilling rig built in Kazakhstan. Upon completion the Satti jackup will be capable .... [+ read more] of working in deeper waters than the Caspian Explorer drilling barge. It is also fit for operating in the Iranian sector of the Caspian Sea where the depth is over 40 metres. The Satti is the first jackup that is being 100% built in Kazakhstan, with construction taking place at two docks: Keppel Kazakhstan LLP located at the free economic zone and the final assembly was performed at Ersai Caspian Contractor LLP,"- says Rakimbek Amirzhanov. The Satti rig is designed for drilling operations in the Caspian Sea and its width is 72 meter, the height is 64 meters. The rig consists of modified triangular body with three triangular supports 119 meters high. This will allow drilling as deep as 50 up to 80 meters. The rig has living accommodations and helicopter pad. The total weight of the rig is 10,800 tons.

20 Apr 2015

Karoon confirms oil at Echidna-1

Karoon Gas Australia Ltd (“Karoon”) has announced that wireline testing at the Echidna-1 well confirmed a 213 metre gross oil column across the Paleocene and Maastrichtian ageed reservoirs. On the 20th April 2015, the Echidna-1 well completed its wireline program and was now preparing for the commencement of a production testing program within the Paleocene reservoir section. Karoon Managing Director Mr. .... [+ read more] Robert Hosking said, “The Echidna discovery represents another significant achievement for karoon. Echidna adds incremental resource to Karoon’s discovered Kangaroo oil field which further supports Karoon’s ambitions to develop an integrated production hub in the Santos Basin.

17 Apr 2015

KrisEnergy completes Rossukon-3 sidetrack well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Rossukon-3ST well in G6/48 in the Gulf of Thailand has reached total depth and concludes the company’s 2015 drilling campaign in the area. The Rossukon-3ST well was drilled to a total depth of 2,025 metres and interpreted both oil and gas. The well was drilled by Shelf .... [+ read more] Drilling’s Key Gibraltar jackup rig which will now move to block G10/48 where KrisEnergy will drill the Rayrai-1 exploration well, followed by 15 development wells on the Wassana oil field.

17 Apr 2015

BG comes up dry in North Sea

BG Norge AS, operator of production licence 373 S, is completing drilling of exploration well 34/3-5, located approximately five km southeast of the Knarr Field in the Northern North Sea, around 120 km West of Florø. The objective of well 34/3-5 was to prove petroleum in Early Jurassic reservoir rocks (Cook Formation). Well 34/3-5 encountered a gross Cook Formation interval .... [+ read more] of approximately 82m, of which 47m were good reservoir quality with traces of residual hydrocarbons interpreted. Extensive data acquisition and sampling has been carried out. The well is classified as dry. The well was the seventh exploration and appraisal well in production licence 373 S, which was awarded in APA 2005. The well was drilled to a total vertical depth of 4,253m below the sea surface (4,275m measured depth), and terminated in the Lower Jurassic Amundsen Formation. The water depth is 403 m. The well will now be permanently plugged and abandoned. The 34/3-5 well was drilled by the Transocean Searcher semi-submersible rig. The rig will be left in Kristiansund for approximately 2 months prior to commencing opeations in the North Sea where it will move on to drill well 2/11-11 in production license 616 where Edison Norge AS is the operator.

17 Apr 2015

OMV given approval to spud Wisting prospect

The Norwegian Petroleum Directorate has granted OMV Norge AS a drilling permit for well 7324/8-2, cf. Section 8 of the Resource Management Regulations. Well 7324/8-2 will be drilled from the Leiv Eriksson drilling facility at position 73 24` 0.63" north and 24 26´ 43.60" east. The drilling programme for well 7324/8-2 relates to the drilling of a wildcat well in .... [+ read more] production licence 537. OMV Norge AS is the operator with an ownership interest of 25 per cent and the 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 blocks 7324/7 and 7324/8. The production licence was awarded in the 20th licensing round in 2009. Wildcat well 7324/8-2 is the fourth exploration well in production licence 537. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

17 Apr 2015

Chevron cuts 'Atwood Osprey' contract by one year

Atwood Oceanics, Inc. (“Atwood”) has announced that the company has entered into an amendment to its contract for its semisubmersible drilling unit, the Atwood Osprey. As previously disclosed, the Atwood Osprey parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12th, 2015. .... [+ read more] The duration of the force majeure event and resultant repairs necessitated by the damage incurred from the cyclone have triggered termination rights in relation to which the parties have agreed to a reduction in the term of the contract by one year with contractual rates remaining unchanged. It is expected that repairs for damage sustained by the rig and required regulatory approvals will be completed by April 30, 2015.

17 Apr 2015

Rosneft and NADL delay proposed agreement by two years

On August 22nd, 2014 North Atlantic Drilling Ltd. ("NADL") announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company ("Rosneft"). On November 7th, 2014, the closing of the transaction was delayed until the end of May 2015. Today, all parties have mutually agreed to extend the termination date of the Framework Agreement until May .... [+ read more] 31st, 2017, whereby any party can terminate the Framework Agreement and / or any offshore drilling contracts at any time prior to May 31st, 2017 at no cost. Additionally, the parties have agreed to use reasonable efforts to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the related offshore drilling contracts. During this time, NADL is permitted to market the offshore drilling rigs subject to existing drilling contracts with Rosneft and enter into binding contracts with third parties. NADL will also be permitted to delay the construction, delivery, or shipyard stay of any of those rigs. This delay follows the decision to cancel the contracts for the ‘West Navigator’ drillship and ‘Energy Endeavour’ jackup, both of which were also due to go on contract with Rosneft in Russia.

15 Apr 2015

Saudi Aramco reduces wave of jackup rates

Both Ensco Plc. (“Ensco”) and Rowan Companies Plc. (“Rowan”) have announced agreements with Saudi Aramco to reduce dayrates for a combined 12 jackups (five Rowan jackups and seven Ensco jackups). The wave of rate reductions for Rowan’s five units began on the 1st March 2015 and will last 12 months until 1st March 2016. Meanwhile the reductions for Ensco’s began in .... [+ read more] April 2015 and run until January 2016. Rates have been reduced from 9% up to 32% in some cases for the 12 jackups. The announcement of rate reductions for these units is expected to be echoed by other rig managers that have units on contract with Saudi Aramco.

15 Apr 2015

PSA carries out audit of 'Rowan Norway' jackup

From 27th January to 5th February 2015, the Petroleum Safety Authority (“PSA”) Norway carried out an audit of Rowan Norway Ltd's management of major accident risk and systems for barrier management on Rowan Gorilla VI (“RGVI”). The objective of the audit was to monitor that Rowan has implemented a system to fulfil the regulatory requirements for risk management. The audit resulted .... [+ read more] in that non-conformities were identified in connection with; maintenance systems, personnel training, MOB boat preparedness, governing documentation and choke valve. In addition, improvement points were identified in connection with; emergency preparedness analysis, system for performing and following up drills, securing of equipment, system for ensuring competence of new personnel, competence requirements for performance of work operations, response team routines, valves in the drilling fluid system and air cylinders for smoke divers.

14 Apr 2015

Vaalco announces first production from Etame 12-H well

VAALCO Energy, Inc. (“Vaalco”) today announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. Etame 12-H was drilled to a measured depth of approximately 3,450 meters targeting the recently discovered, untapped lower lobe of the Gamba reservoir. Following completion operations, the well was brought online at the rate of approximately 2,000 BOPD .... [+ read more] on a gross basis (approximately 500 BOPD net to VAALCO) with no indication of hydrogen sulfide (H2S). The well is currently being temporarily constrained at the above production level while it is being optimized for efficiency. The Etame 12-H is an offset well to the Etame 10-H well which began producing in February 2015, at a rate of 3,000 BOPD, and was the first oil production from the recently commissioned Etame platform. "The offshore Gabon drilling campaign that we began last year has so far resulted in increased production of approximately 5,000 gross barrels per day of sweet crude," said Steve Guidry, CEO of VAALCO. "We are pleased with the encouraging results from the Etame 12-H well, and are optimistic about the opportunities we have to expand production offshore Gabon as part of our ongoing development campaign." The contracted jack up rig, the Transocean "Constellation II", is now being mobilized to drill additional development wells from the Southeast Etame/N. Tchibala ("SEENT") platform, beginning with the 2-H well in the Southeast Etame field, where the Company and its partners drilled a successful exploration well in 2010. Following the drilling of the Southeast Etame 2-H well, the rig will drill the North Tchibala 1-H well, the first of VAALCO's wells offshore Gabon to be drilled targeting the Dentale formation. No H2S is expected from the Southeast Etame/N. Tchibala fields.

14 Apr 2015

KrisEnergy announces discovery at Rossukon-3

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, provides an update on the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand, which was drilled by the Key Gibraltar jack-up rig following the successful evaluation of the Rossukon-2 and sidetrack wells in March 2015. Rossukon-3 was drilled to a total depth of 7,497 feet (2,285 metres) measured depth, .... [+ read more] or -6,235 feet true vertical depth subsea (“TVDSS”). KrisEnergy’s preliminary interpretation of well logs indicates that the well intersected approximately 75 feet true vertical depth (“TVD”) of net oil-bearing sandstones and 49 feet TVD of net gas-bearing sandstones over several reservoir intervals. Water depth at the Rossukon-3 location is 208 feet. The well lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009. Rossukon-3 will be plugged back and the G6/48 partners have agreed to immediately begin drilling the Rossukon-3ST sidetrack exploration well. Rossukon-3ST is planned to drill to a total depth of 6,689 feet (2,039 metres) measured depth (-4,500 feet TVDSS) at a maximum deviation of 74 degrees. Chris Gibson-Robinson, Director Exploration & Production, commented: “The three wells drilled so far in this campaign are promising and will increase the contingent resources in G6/48. Once Rossukon-3ST is completed, we will undertake a thorough technical review incorporating data from all the Rossukon wells, and the existing seismic data, to more fully assess the potential for commercial development in the future.” G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy contracted the rig for a firm six months for its Thai drilling program, which includes the latest Rossukon series of wells in G6/48 and 15 development wells in the Wassana oil field.

13 Apr 2015

Talisman spuds Snomus prospect in Norway

Fortis Petroleum Norway AS (“Fortis”) has announced the successful spudding of exploration well 15/12-24 S. Fortis was informed of the spudding by Talisman Energy Norge AS (“Talisman”), the operator, that the Maersk Giant jackup rig spudded the exploration well on the 13th April 2015. The well is designed to test the hydrocarbon potential of the Snomus prospect in PL 672. Drilling .... [+ read more] is expected to take approximately 67 days.

13 Apr 2015

Statoil makes minor gas discovery near Aasta Hansteen

Statoil Petroleum AS, operator of production licence 602, is in the process of concluding the drilling of wildcat well 6706/12-3. The well proved gas. The well was drilled about 12 kilometres west of the Aasta Hansteen field in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks, with .... [+ read more] a primary exploration target in the Nise formation and a secondary exploration target in the Kvitnos formation. The well encountered a total gas column of 38 metres in the Nise formation, of which about 30 metres in sandstone of extremely good reservoir quality. In the Kvitnos formation, the well encountered aquiferous sandstone, of which about 35 metres with good reservoir quality. Preliminary estimates of the size of the discovery are between 2-7 billion standard cubic metres (Sm³) of recoverable gas. The well was not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will evaluate the discovery along with other discoveries, as regards a tie-in to the Aasta Hansteen field. This is the first exploration well in production licence 602, which was awarded in the 21st licensing round in 2011. Well 6706/12-3 was drilled to a vertical depth of 3296 metres below the sea surface, and was terminated in the Kvitnos formation in the Upper Cretaceous. Water depth at the site is 1287 metres. The well will now be permanently plugged and abandoned. Well 6706/12-3 was drilled by the Transocean Spitsbergen drilling facility, which will now permanently plug 34/11-2 S near the Gullfaks field in the North Sea, where Statoil Petroleum AS is the operator.

13 Apr 2015

Falkland Oil and Gas Limited announces change to drilling programme

Falkland Oil and Gas Limited ("FOGL"), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, has announced that Noble Energy ("Noble") and its joint venture partners FOGL and Edison International ("Edison") have elected to defer a potential second well in the South and East Falkland basin. The joint venture partners have .... [+ read more] concluded; having taken into account a number of factors, that the optimum course of action is to defer the drilling of a second well in the southern basin. In these circumstances FOGL was amenable to a proposal from Noble, that in order to fulfil the drilling commitment, they should utilise the contracted drilling slot to drill a well in the North Falklands Basin. Noble, Edison and FOGL remain fully committed to exploration in the South and East basin and still firmly believe in its prospectivity. The well on the Humpback prospect is considered by the joint venture partners to be the prime 'play opening' well. It is an important test of concept, in terms of evaluating the Cretaceous deepwater fan play and the presence of oil within the Fitzroy sub-basin. Humpback is located near a cluster of similar prospects totalling over one billion barrels of oil. The operator estimates that the Humpback prospect contains between 250 and 650 mmbbls of gross prospective resources (un-risked). If the initial drilling results are encouraging, the joint venture partners will look to fully appraise Humpback and drill other similar prospects within the play area. Such further exploration and appraisal drilling would be part of a future campaign, with wells on either Scharnhorst and/or Starfish also possibly forming part of such a programme. This decision does not impact any existing agreements between FOGL and Noble. In the event that another exploration well is drilled after Humpback, within the joint venture's licence area, FOGL would still retain a partial carry of the drilling costs under the terms of the Noble farm out agreement. FOGL is fully funded for the firm four wells and will be left in a stronger and more sustainable financial position as a result of this decision. Following this agreement, the revised drilling schedule is 1. Zebedee, 2. Isobel Deep, 3. Humpback, 4. Jayne East, 5. Chatham, 6. Rhea. The drilling program is currently being carried out by the Eirik Raude semisub which recently spudded the Isobel Deep well.

13 Apr 2015

Karoon hits potential oil and gas at Echidna-1

Karoon Gas Australia Ltd (“Karoon”) has announced that the Echidna-1 well, has intersected an oil bearing section in Paleocene sands as shown on mudlog and logging while drilling data. The mudlog shows elevated gas readings and oil florescence in sandstones. The Echidna-1 well reached its total depth on 12th April 2015 at 2,379mRT, following its spud on the 31st March 2015. .... [+ read more] Karoon is now proceeding with wireline logging to ascertain the extent of the gross and net columns.

10 Apr 2015

Det Norske given approval to drill appraisal well on Ivar Aasen

The Norwegian Petroleum Directorate granted Det norske oljeselskap AS a drilling permit for well 16/1-22 S, cf. Section 8 of the Resource Management Regulations. Well 16/1-22 S will be drilled from the Maersk Interceptor drilling facility at position 58°54’23.1’’ north 02°09’43.2’’ east in production licence 001 B, after completing the drilling of appraisal wells 16/1-21 S and 16/1-21 A. The .... [+ read more] drilling programme for well 16/1-22 S relates to the drilling of an appraisal well 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 well was drilled in the south-western 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). This is the seventh exploration well to be drilled within the licence area and the ninth 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.

10 Apr 2015

Total makes minor gas discovery near Skirne field

Total E&P Norge AS, operator of production licence 627, is about to complete the drilling of wildcat well 25/6-5 S. The well was drilled about 7 kilometres east of the Skirne field in the central part of the North Sea, and about 170 kilometres northwest of Stavanger. The objective of well 25/6-5 S was to prove petroleum in Middle Jurassic .... [+ read more] reservoir rocks (Hugin formation). The well encountered a 10-metre gas column in the Hugin formation with good to very good reservoir quality. The well was not formation tested, but data acquisition was carried out. Preliminary calculations of the size of the discovery are between 0.4 and 1.5 million standard cubic metres (Sm3) of recoverable oil equivalents (o.e.). The licensees will evaluate the discovery with regard to development. This is the first exploration well in production licence 627, which was awarded in APA 2011. The well was drilled to a measured and vertical depth of 2520 and 2366 metres beneath the sea surface, respectively, and was terminated in the Dunlin formation in the Lower Jurassic. Water depth is 120 metres. The well will now be permanently plugged and abandoned. Well 25/6-5 S was drilled by the Leiv Eiriksson drilling facility which will now proceed to the Barents Sea to drill wildcat well 7324/8-2 in production licence 537, where OMV (Norge) AS is the operator.

10 Apr 2015

Talisman given green light to spud exploration well 15/12-24 S

The Norwegian Petroleum Directorate granted Talisman Energy Norge AS a drilling permit for well 15/12-24 S, cf. Section 8 of the Resource Management Regulations. Well 15/12-24 S will be drilled from the Maersk Giant drilling facility at position 58°07’26.79’’ north 01°55’22.64’’ east, just northeast of the Varg field in the central part of the North Sea. The drilling programme for .... [+ read more] well 15/12-24 S relates to the drilling of a wildcat well in production licence 672, where Talisman Energy Norge AS is the operator. The other licensees are Ithaca Petroleum Norge AS, Det norske oljeselskap ASA and Fortis Petroleum Norway AS. The licensees, including the operator, all have an ownership interest of 25 per cent in the licence. The area in this licence consists of parts of blocks 25/12 and 16/10. Production licence 672 was awarded on 8 February 2013 (APA 2012). This is the first exploration well in the licence, but two exploration wells have been drilled previously within the same area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

10 Apr 2015

Launching of Explorer 1

Explorer 1 rig was loaded on 28th March on to the submersible barge and successfully launched into the water on 2nd April. .... [+ read more]

9 Apr 2015

Isobel Deep well spud in Falkland Islands

Rockhopper Exploration plc (“Rockhopper”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, has announced that the 14/20-1 'Isobel Deep' well (the "Well") was spudded, by Premier Oil as operator, at 22:20 local time on the 8th April 2015. The Well is located on licence PL004a in which Rockhopper .... [+ read more] has a 24% working interest and is an exploration well on the Isobel deep prospect. The Isobel Deep Well will be the first test of the F3 fan system entering the basin from the South East margin as a sequence of stacked reservoirs. This well will be targeting the Isobel deep fan in the area of maximum mapped reservoir thickness and has a GCoS of 20%. The well is targeting Gross Pmean resources of 72mmbbls (range 9-207mmbbls) although the complex as a whole in this area has gross Pmean prospective resources of just over 500mmbbls. Drilling operations are expected to take approximately 30 days and no coring or testing is planned for this well. A further release will be made when drilling is completed. The North Falkland Basin wells are anticipated to cost approximately USD50 million each. As a result of the various carry arrangements, the total net cash exposure to Rockhopper of the four wells is estimated at approximately USD25 million.

9 Apr 2015

Drydocks World completes 'Beynouna' repair

Drydocks World the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors announces the completion of a refurbishment project on the National Drilling Company’s (NDC) offshore drilling Rig Beynouna. Drydocks World’s comprehensive rig services and innovative offshore project management methodology turned around the major repair on Rig Beynouna ahead of schedule in 28 days. Drydocks World has .... [+ read more] previously completed numerous successful projects for NDC, progressively increasing our strategic alliance over the years. For Rig Beynouna Drydocks World carried out drydocking, hull treatment, crane repairs, HP piping, SW lines cleaning, accommodation repairs and treatment works. The quoted number of days to complete the project was 37, however Drydocks World managed to reduce the quoted repair duration and the project was efficiently completed in only 28 days. A total of 40 tons of steel was used in the 21 various tanks, with the pipe shop renewing all sea water pipes in just 7 days. The efficient completion of work on Rig Beynouna reflects the focused attention and excellent project team support allocated towards this vessel in order to reach the milestone date. The Drydocks World rig division and NDC worked together as an integrated unit in order to ensure quality execution on Rig Beynouna, with excellent management support from both sides. Preparation and planning were key to the successful completion of Rig Beynouna, reflecting Drydocks World and NDC’s commitment to the systematic provision and implementation of stringent HSEQ initiatives. As part of Drydocks World’s incentive program, the top performers were awarded with appreciation gifts from NDC and Drydocks World to recognize their diligent efforts in celebration of excellent delivery on Rig Beynouna. Drydocks World looks forward to working with NDC again and is grateful for their continued faith in our services.

8 Apr 2015

Woodside hits gas at Pyxis-1

Woodside Petroleum Ltd (“Woodside”) has announced that the Pyxis-1 exploration well in production licence WA-34-L has intersected approximately 18.5 metres of net gas within the Jurassic sandstone target. The well reached a total depth of 3,347 metres. Wireline logging has confirmed the discovery through the recovery of gas samples to surface and establishment of a gas pressure gradient. Woodside Executive Vice .... [+ read more] President Global Exploration Philip Loader said: “Given its location, this successful exploration outcome offers future tie-back potential to Woodside’s existing Pluto infrastructure.” The Pyxis-1 well is located in Production Licence WA-34-L, within Western Australia’s Dampier Sub-Basin and is located approximately 15 km north of Woodside’s producing Pluto Gas Field infrastructure. The well was drilled by Transocean’s Deepwater Millennium drillship, which is contracted to Woodside until April 2016. Woodside Burrup Pty. Ltd. is the operator and 90% equity owner of WA-34-L. Kansai Electric Power Australia Pty. Ltd. and Tokyo Gas Pluto Pty. Ltd. each hold 5% equity.

8 Apr 2015

Manora development drilling completed

Tap Oil Limited (“TAP”) has provided an update on Manora production and development drilling at the Manora Oil Development in the Northern Gulf of Thailand (TAP 30% interest). All eleven Manora development wells have been successfully completed and the Atwood Orca drilling rig has now moved off location. Manora is now producing from six wells: MNA-01, MNA-02, MNA-03, MNA-05, MNA-07 .... [+ read more] and MNA-08 with MNA-11 expected to commence production this week. Manora has been producing above 15,000 bopd (gross), and on occasion above 16,000 bopd (gross) since the six wells have been in production. MNA-01 and MNA-02 started production on 11th November 2014, with MNA-03 following a day later. MNA-05 started production on 23rd November 2014. All of these wells have been completed with ESP pumps, exhibited high productivity as expected, and are producing free of water and sand. Production from the above wells occurs in the Central Fault Block 600 sand reservoirs. MNA-04, MNA-09ST1 and MNA-10 are currently injecting water to support production from 600 reservoir sands in the Central Fault Block. Pressure response due to water injection has already been observed in the Central Fault Block. MNA-07, the first producer well from the East Fault Block, was put on production in early January with a tested rate of 1,332 barrels oil per day (gross) with 40% watercut which has increased to 64% watercut at present. MNA-08 producer well from the East Fault Block started production on 21 February 2015. MNA-08 is currently producing oil at the rate of 2,377 barrels oil per day (gross) with 14% watercut. The last two wells, MNA-11 producer from the Central Fault Block and MNA-13 water injector in the East Fault Block have been successfully drilled to final Total Depth. MNA-11 intersected highest net oil pay count (98m) in 600 reservoir sands of any of the wells. This confirms the Operator’s geological model of thicker sands in the centre of the Central Fault Block. MNA-11 is expected to commence production this week and MNA-13 has been completed and is currently injecting water to support production from the East Fault Block. Following a review of the results from the development drilling programme, the Manora joint venture agreed that two wells (one producer and one injector) are no longer required and also to defer two producer wells. The development plan had previously forecast up to 15 development wells (10 producers and 5 injectors). The Operator (Mubadala Petroleum) has confirmed that peak production of 15,000 barrels per day (gross) has now been achieved and can be maintained with only 7 producer wells (instead of the original 10 producer wells).

7 Apr 2015

KrisEnergy spuds Rossukon-3 well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Key Gibraltar jackup rig has commenced drilling of the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand. Rossukon-3 is the third exploration well to be drilled in the G6/48 contract area in 2015 following the evaluation of Rossukon-2 and Rossukon-2ST, which were drilled in March. .... [+ read more] Rossukon-3 lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009. The well is planned to reach total depth at 7,468 feet (2,276 metres) measured depth (-6,235 feet true vertical depth subsea) and will test Early Miocene fluvial sandstones on a broad structural high. Water depth at the Rossukon-3 well location is 208 feet. G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%.

7 Apr 2015

Inpex confirms discovery at Bestari-1

INPEX CORPORATION (“INPEX”) announced today an oil discovery at the Bestari-1 exploration well in Deepwater Block R where preliminary findings point to an approximately 70m column of oil-bearing sands across multiple horizons. INPEX has a participating interest in Block R through its wholly-owned subsidiary, INPEX Offshore South West Sabah, Ltd. Block R located offshore East Malaysia covers an area of 672km2 .... [+ read more] with a water depth ranging from 100m to 1,400m. INPEX currently owns a 27.5% participating interest in the Block, where it conducts exploration activities alongside operator JX Nippon Oil & Gas Exploration (“Deepwater Sabah”) Limited, PETRONAS CARIGALI Sdn. Bhd., a wholly-owned subsidiary of Petronas, and Santos Sabah Block R Limited, which own participating interests of 27.5%, 25% and 20%, respectively. Moving forward, INPEX and its partners will analyse and evaluate the data retrieved from the well, and proceed with plans to drill two exploratory wells to assess the possibility of new oil and natural gas deposits. Japan Oil, Gas and Metals National Corporation (“JOGMEC”) is to cover up to 50% of exploration expenditures incurred by INPEX Offshore South West Sabah, Ltd. through equity capital.

7 Apr 2015

Japan Drilling & UMW Drilling extend joint venture

Further to the announcement dated 11 March 2005 made by UMW Holdings Berhad (“UMW”), the Board of Directors of the Company wishes to announce that the Company has recently signed an Addendum to the JVA ("Addendum") with Japan Drilling Co., Ltd. (the Company and Japan Drilling Co., Ltd. hereinafter referred to as "the Parties") to confirm the mutual agreement of both .... [+ read more] Parties to renew the terms of the JVA for a further period of 5 years after elapse of the first 10 years. All other terms of the JVA remain unchanged. Consequent to the signing of the Addendum , the Company has also signed the Addendum to the Rig-Owning Agreement , with Japan Drillig Co., Ltd, JDC Panama, Inc., and UMW Drilling Co., Ltd (reffered to as "these parties") for the renewal of the term of the Rig-Owning Agreement dated 11 March 2005 ("Agreement") signed between these Parties. The Parties agree that the term of the Agrement set out in Article 14.1 therein, shall be renewed for a further 5 years after elapse of the first 10 years.

2 Apr 2015

Premier strikes oil and gas with Zebedee-1

Premier Oil Plc (“Premier”) has announced that the Zebedee well (14/15b-5) in PL004b (Premier 36 per cent equity) discovered 81 feet of net oil-bearing reservoir and 55 feet of net gas-bearing reservoir. The well penetrated multiple targets in the Cretaceous F2 and F3 formations with a total hydrocarbon net pay of 136 feet. The reservoir at both the Hector and Zebedee .... [+ read more] intervals is of good quality and the above results are in line with prognosis. Good oil shows were recorded at the deeper F3 targets but at this location the sands are not well developed. The well will now be plugged and abandoned as a successful exploration well. The Eirik Raude rig will then drill the first exploration test of the Elaine/Isobel fan complex in the southern part of the North Falkland Basin with the Isobel Deep well. The results of this well are expected in late April.

2 Apr 2015

Transocean announces plan to scrap another two floaters

Transocean Ltd. (“Transocean”) has announced that it intends to scrap, in an environmentally responsible manner, the following two rigs: GSF Aleutian Key and Sedco 707. These rigs were classified as held for sale and Transocean has decided to scrap them following failed attempts to find a buyer. As a result of this decision, the company expects its first quarter 2015 results .... [+ read more] to include an estimated non-cash charge of USD90 million to USD110 million, net of taxes. Including these two rigs, Transocean has announced plans to scrap a total of 18 floaters since the end of 2014. As the company continues to evaluate the long-term competitiveness of its fleet, additional rigs may be identified as candidates for scrapping. So far in 2015,a total of 11 drilling rigs (nine semisubs and two drillships) have been retired from the operational fleet and this number is projected to grow in order to rebalance supply within the market.

2 Apr 2015

Atwood Oceanics announces potential drillship delivery delays

Atwood Oceanics Inc. (“Atwood”) has announced that the company has secured options to potentially delay the delivery of its two uncontracted newbuild drillships. Atwood has options to delay the delivery of the Atwood Admiral up until September 2016 whilst it can delay delivery of the Atwood Archer until June 2017. The announcement of the possible delivery delays was released in the .... [+ read more] company’s latest fleet status report.

2 Apr 2015

Hercules Offshore announces new contract for 'Hercules 260'

Hercules Offshore (“Hercules”) has announced that it has signed a five-year contract with a subsidiary of Eni S.p.A. (“Eni”) for use of the Hercules 260 in West Africa. The dayrate under the contract will range from a minimum of USD75,000 per day when the price of Brent crude oil is USD86 or less per barrel, to a maximum of USD125,000 per .... [+ read more] day when the price of Brent crude oil is USD125 or more per barrel. Contract commencement is expected in early April 2015. Costs for contract specific upgrades will be reimbursed by the operator. Hercules did not announce the country in which the unit will begin its contract. However, due its sudden start date, it is believed that the unit will begin operations in Gabon where the unit is currently located. Eni made a significant gas discovery in Gabon last year with the drilling of the Nyonie Deep well.

2 Apr 2015

Energean launches 'Energean Force' Prinos drilling programme

Energean Oil & Gas (“Energean”), the international oil & gas exploration and production company focused on the Mediterranean and North Africa, is pleased to announce that the Inauguration Ceremony for its new rig name Energean Force took place at the Perama Shipyards, in Piraeus, on April 2nd 2015. The ceremony signals the biggest drilling programme ever to be carried out at .... [+ read more] the Prinos Oil Field since its development began. Energean Force was recently purchased from the German firm KCA Deutag and has undergone full refurbishment in order to conduct the drilling of 15 wells at the Prinos, Epsilon and Prinos North oil fields as part of a 200-million-dollar investment programme, which also includes the installation of a new platform (SIFT) in the Gulf of Kavala, Northern Greece. Energean has planned to develop 30 mmboe (2P) reserves which are independently audited by ERC Equipose, aiming to increase total production to the level of 10,000 oil barrels daily. Assuming that the Brent price varies between USD55 and USD70 per barrel, Energean estimates that the benefits (taxes, royalties etc.) for the Greek State will exceed USD400 million dollars. Of this amount, more than USD60 million will aid the local community through the 5% regional tax by Greek law. There also multiple direct and indirect gains to be made, including about 50 new jobs which will be added to the existing 307 employees who work at the Prinos offshore platforms, as well as at the onshore facilities in Nea Karvali. On the occasion of the Energean Force launch, Chairman and CEO of Energean Oil & Gas Mr. Mathios Rigas stated the following: “Today is an especially important day for our company and the local economy of Kavala as well as for the Greek economy as a whole. In particularly adverse circumstances, Energean is undertaking a large investment programme with 15 new drillings at Prinos. This programme is a sine qua non for oil activity to continue and for employment opportunities to be further enhanced in the region. Through increased oil production, the program will guard Prinos against fluctuations in international oil prices which can often be quite violent, as has been the case in the past months. The company, our scientists and our staff can guarantee the development of proven oil reserves in the Kavala Gulf to the benefit of the local community and the Greek economy, always in conditions of absolute safety, in perfect harmony with tourist activity and fully respecting the region’s unique natural environment. With the help of Energean Force, Prinos is advancing into a new era!”

1 Apr 2015

Karoon spuds Echidna-1 well in Brazil

Karoon Gas Australia Ltd (“Karoon”) is pleased to announce the spudding of the third well in the current Santos Basin drilling campaign, the Echidna-1 exploration well, at 1500 hrs BRT on 31st March 2015. The top of the reservoir section is expected to be penetrated within approximately 3 weeks with the well reaching a planned total depth of 2,400mRT during April .... [+ read more] 2015. The Echidna Prospect is located in exploration block S-M-1102, approximately 20 kilometres northeast of Kangaroo on the eastern flank of a salt diapir in a similar geological setting to the Kangaroo oil field. The 3D seismic at Echidna shows excellent seismic anomalies similar to those seen in Kangaroo-2 where in some reservoirs the oil water contact (flat spot) has been imaged, boosting confidence in the presence of oil. Based on the new higher resolution seismic data, the faulting density in the Echidna prospect appears to be less than that seen in surrounding fields and prospects, reducing the complexity of any potential oil accumulation. The Paleocene and Maastrichtian sands in the Echidna Prospect likely were deposited in shallower marine settings, resulting in an increased likelihood of cleaner and better reservoirs.

31 Mar 2015

Northern Offshore delays delivery of newbuild jackups

Northern Offshore, Ltd. (“Northern Offshore”) today announced it has negotiated a nine month delay in the deliveries of its high specification jackups, Energy Engager and Energy Encounter from the COSCO (Dalian) shipyard in China. The new delivery dates for these units are December 2016 and June 2017 respectively. President and CEO of Northern Offshore Gary Casswell commented “We sincerely appreciate the .... [+ read more] cooperation of our shipyard to allow us to delay the delivery of these units to enable us to better match contract opportunities in what we believe will be a more robust market at that time. This will allow us to defer approximately USD22 million in owner furnished equipment expenditures for these units from calendar year 2015 to 2016.”

31 Mar 2015

VAALCO drills duster on Block 5 in Angola

VAALCO Energy, Inc. (“VAALCO”) today announced that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 meters. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is currently in the process of being plugged and .... [+ read more] abandoned. Given the results of the well, earlier plans to drill to 2,250 meters for geologic and geophysical correlation will not be undertaken. Steve Guidry, Chairman and CEO, commented, "We are disappointed with the outcome of this first well drilled offshore Angola. The well targeted a three-way fault closure where the fault appears to have not provided the required lateral seal. The Mucanzo target sands were present and of a very high quality. We did find non-commercial hydrocarbon shows higher in the Pinda Group, in the overlying Catambela formation, indicating we were in a proven hydrocarbon system. Overall, we remain optimistic about the additional prospects and leads, both pre- and post-salt, on the block." As previously announced in October 2014, VAALCO, together with its working interest partner, Sonangol P&P, entered into the Subsequent Exploration Phase ("SEP") on Block 5. Under the SEP, VAALCO and Sonangol P&P have committed to drill a total of four exploration wells during the exploration extension period, which expires in November 2017. The four-well obligation includes the original two-well commitment under the primary exploration period that carries over to the SEP period. VAALCO has recently completed the seismic processing of over 2,025 square kilometers of 3D data in the outboard portion of Block 5. The Company has already identified several new pre-salt and post-salt leads as future exploration targets to be evaluated on Block 5.

30 Mar 2015

Statoil announces eighth discovery offshore Tanzania

Statoil today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.0-1.8 trillion cubic feet (tcf*) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approximately 22 tcf in Block 2. The Mdalasini-1 discovery is located at a 2,296-metre water depth .... [+ read more] at the southernmost edge of the block. The new gas discovery has been made in Tertiary and Cretaceous sandstones. “The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania,” says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. “Since the start of the programme in February 2012, we have drilled 13 wells and made eight discoveries, including Mdalasini-1. We still see prospectivity in the area, but after appraising the Tangawizi-1 high-impact discovery, which was made in March 2013, there will be a pause in the drilling to evaluate the next steps and to mature new prospects,” adds Maden. Statoil has drilled the Mdalasini-1 well with a 100% working interest. Previously Statoil and co-venturer ExxonMobil have made seven discoveries in Block 2, including the five high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1, Mronge-1 and Piri-1, as well as the discoveries in Lavani-2 and Gilligiliani-1. 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%. TPDC has the right to a 10% working interest in case of a development phase. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for Block 2.

30 Mar 2015

BP issues termination notice for 'West Sirius'

Seadrill Partners LLC ("Seadrill Partners") has received a notice of termination from BP Exploration & Production Inc. ("BP") for the contract for the West Sirius which will be effective after having completed the current well and demobilization, which Seadrill Partners estimates to be by early May 2015. Prior to the cancellation notice, the dayrate and term for the West Sirius .... [+ read more] and West Capricorn contracts were swapped. The West Sirius dayrate was decreased by USD40,000 per day and the term was decreased by two years to expire in July 2017 while the dayrate for the West Capricorn was increased by USD40,000 per day and the term was extended by two years to expire in July 2019. Amortized payments for the West Capricorn such as mobilization and upgrades will continue on the original schedule ending in July 2017. In accordance with the cancellation provisions in the West Sirius contract, Seadrill Partners will receive payments over the remaining contract term, now expiring in July 2017. As a result of the termination, Seadrill Partners' backlog will decrease by approximately USD160 million. After taking into consideration the expected decrease in operational expense while the unit is cold stacked, and the fact that termination fee payments will not be impacted by downtime, Seadrill Partners does not expect a material impact on its cash flow position over the contract period through July 2017.

30 Mar 2015

KrisEnergy completes Rossukon-2 sidetrack well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, provides an update on the drilling of the Rossukon-2ST sidetrack exploration well in G6/48 in the Gulf of Thailand, which was drilled following the announcement on 24th March 2015 of the Rossukon-2 oil and gas discovery. Rossukon-2ST was drilled to a total depth of 7,270 feet (2,216 metres) measured depth (-5,263 .... [+ read more] feet true vertical depth subsea) at a deviation of 57 degrees. KrisEnergy’s interpretation of preliminary well logs indicates that the well intersected approximately 40 feet true vertical depth (“TVD”) of net oil-bearing sandstones and 100 feet TVD of net gas-bearing sandstones, over several reservoir intervals. Chris Gibson-Robinson, Director Exploration & Production, commented: “The Rossukon-2ST exploration sidetrack has encountered the highest net pay of the three discovery wells drilled so far within the Rossukon area and also extends the area over which hydrocarbon bearing reservoirs are present some 1.8 km northwest of the original 2009 Rossukon-1 discovery well. The results are encouraging and we are in discussion with our partners about the next steps to fully determine hydrocarbon volumes in the Rossukon area.” G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. The Company took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig, which drilled the Rossukon-2ST well, is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes the Rossukon series of wells in G6/48 and 15 development wells in the Wassana oil field.

30 Mar 2015

BP cuts short another US GoM rig contract

Ensco Plc. (“Ensco”) has announced that it has received an early notice of termination for the ENSCO DS-4, a drillship operating in the US Gulf of Mexico (“GoM”) for BP. Under the terms of the termination notice, the estimated effective date of contract termination is July 2015, following completion of the BP’s current well. Under the terms of the early termination .... [+ read more] notice, BP is required to make a lump sum payment of USD160 million to cover the period from estimated termination through to the originally contracted expiration date of 15th July 2016. Ensco will market the ENSCO DS-4 following the completion of the contract in July 2015. This early termination notice follows BP’s similar decision to terminate the contract for Seadrill’s West Sirius semisubmersible drilling rig. Both units are currently operating in the US GoM, where BP must have decided that it is oversupplied in terms of drilling rig capacity.

27 Mar 2015

Statoil set to spud well at Gina Krog East 3

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/6-13, cf. Section 8 of the Resource Management Regulations. Well 15/6-13 S will be drilled from the Songa Trym drilling facility in position 58°36’55.51’’ north 01°45’40.49’’ east near the Gina Krogh field in the central North Sea. The drilling program for well 15/6-13 concerns the drilling .... [+ read more] of a wildcat well in production licence 029 B. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are Total E&P Norge AS and Det norske oljeselskap ASA with 30 and 20 per cent, respectively. The area in this licence consists of part of block 15/6. Production licence 029 B was awarded on 11 May 2001 after being partitioned off from PL 029, which was awarded in the 2nd licensing round in 1969. This is the second wildcat well to be drilled in the licence, but wildcat wells have previously been drilled within the area covered by this licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

26 Mar 2015

Eni comes up dry with Amathusa well in Cyprus

Eni has suffered another disappointment off Cyprus as its second offshore well failed to make a significant discovery. The Amathusa well which began drilling in January 2015, was drilled to a total depth (“TD”) of 5,485 metres on Block 9. However the well failed to make to identify exploitable hydrocarbons. The disappointing well result follows the failure of the Onasagoras well .... [+ read more] in the fourth quarter of 2014

25 Mar 2015

Lundin spuds Alta appraisal

Lundin Petroleum AB (“Lundin Petroleum”), through its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”), is pleased to announce that drilling of appraisal well 7220/11-2 in PL609 has commenced. The Alta discovery is located 10 to 20 km northeast of Lundin Petroleum’s Gohta discovery in the Barents Sea South and approximately 160 km from the Norwegian coastline. The appraisal well 7220/11-2 .... [+ read more] is located 6.5 km southwest of the Alta discovery well 7220/11-1 that was completed in October 2014. The main objective of well 7220/11-2 is to confirm the reservoir model and prove the presence of hydrocarbon columns and fluid contacts similar to those established in the Alta discovery well. The planned total depth is 2,020 metres below mean sea level and the well is being drilled using the drilling rig Island Innovator. Drilling is expected to take approximately 60 days. Lundin Norway holds 40 percent working interest in PL609. Partners are DEA Norge AS and Idemitsu Petroleum Norge AS with 30 percent working interest each.

25 Mar 2015

Northern Offshore Announces Rosneft Service Order Termination for Jackup Energy Endeavor

Northern Offshore, Ltd. (“Northern Offshore”) today announced North Atlantic Drilling Company Ltd (“NADL”) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company (“Rosneft”) as part of a multi-rig contract to provide drilling services in the Russian Artic commencing in the 2015 summer drilling season. Northern Offshore’s President and CEO Gary Casswell said, .... [+ read more] “While not unexpected, we are disappointed by this development but will nevertheless continue to pursue future opportunities in this region by leveraging our previous experience drilling in the Russian Artic.”

24 Mar 2015

Apache contracts 'Ocean America' to drill Levitt-1

The Levitt-1 exploration well is targeting an unrisked gross prospective resource best estimate of 220 mmbbls in the Legendre and North Rankin formations. The well is positioned to receive migrating hydrocarbons from the oil mature Early Jurassic source kitchen located in the central and eastern side of the permit. .... [+ read more]

24 Mar 2015

Murphy fails to strike at Koel and Cisticola wells in Australia

Murphy Oil Corporation (“Murphy”) today announced results from some of its recent exploration campaigns. In its three well Perth Basin drilling program offshore Western Australia, Murphy has come up dry at its first two wells and is in the process of drilling the third. The two wells, Koel and Cisticola, both located in block WA-481-P have been plugged and abandoned, whilst .... [+ read more] drilling continues at Munia prospect with the well expecting to be finished in April. Exploration drilling in Australia began on the 22nd January 2015 wih the spudding of the Koel-1 well by the Atwood Falcon semisub. Meanwhile in the US GoM, Murphy has announced that the Urca well in Mississippi Canyon Block 697 failed to encounter any hydrocarbons and has been plugged and abandoned.

24 Mar 2015

KrisEnergy strikes oil with Rossukon-2

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the company’s Rossukon-2 exploration well was successfully drilled to a total depth of 5,460 feet measured depth. Preliminary well logs indicate that the well intersected approximately 69 feet true vertical depth (“TVD”) of net oil bearing sandstones and 37 feet TVD of net gas-bearing sandstones, over five reservoir .... [+ read more] intervals. The logging program is expected to be completed by 25th March 2015 at which point Rossukon-2 will be plugged back and the Rossukon-2ST directional sidetrack will commence drilling out approximately 1.3km to the northwest.

20 Mar 2015

Karoon fails to strike with Kangaroo West-1

Karoon Gas Australia Ltd (“Karoon”) has announced that on the 18th March 2015, the Kangaroo West-1 exploration well, located in block S-M-1165, had reached its planned total depth of 3,170m. Based on mudlog and LWD petrophysical data, no hydrocarbons were intersected. Karoon estimates that the drilling of Kangaroo West-1 cost the company approximately USD34 million. The Olinda Star rig will now .... [+ read more] complete its wireline logging program before moving to the next well location. Karoon has exercised the first of its two well options with the Olinda Star in order to drill the Echidna-1 exploration well in block S-M-1102.

19 Mar 2015

Transocean to scrap four more floating rigs

Transocean Ltd. (“Transocean”) has announced its intention to continue with its recent wave of rig divestments by scrapping the Deepwater Expedition, Transocean Legend, Transocean Rather, and GSF Arctic III units. The scrapping of these four floating rigs means that Transocean has in the past four months scrapped a total of 16 floating rigs, as the company looks to reposition itself amid .... [+ read more] the current downturn in the offshore drilling market. All four of the units are currently held for sale by Transocean.

18 Mar 2015

Statoil finds gas at Snefrid Nord

Statoil Petroleum AS, operator of production licence 218, is in the process of completing the drilling of wildcat well 6706/12-2. The well was drilled about six kilometres west of the Aasta Hansteen field in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in reservoir rock from the Upper Cretaceous (the Nise Formation). .... [+ read more] The well encountered a total gas column of about 105 metres and a four-metre oil column in the Nise Formation, about 75 metres of which is in sandstone of very good reservoir quality. Preliminary calculations of the size of the discovery are between five and nine billion standard cubic metres (Sm3) of recoverable gas. The licensees will consider the discovery along with other discoveries as regards a tie-in to the Aasta Hansteen field. The well was not formation tested, but extensive data acquisition and sampling have been carried out. This is the fifth exploration well in production licence 218. The licence was awarded on 2 February 1996 in the 15th licensing round. Appraisal well 6706/12-2 was drilled to a vertical depth of 2714 metres below sea level and was terminated in the Nise Formation in the Upper Cretaceous. Water depth at the site is 1312 metres. The well will now be permanently plugged and abandoned. Well 6706/12-2 was drilled by the Transocean Spitsbergen drilling facility, which will now proceed to drill wildcat well 6706/12-3 in production licence 602 near the Aasta Hansteen field, also operated by Statoil Petroleum AS.

17 Mar 2015

KrisEnergy spuds Rossukon-2 well in Thailand

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Key Gibraltar jackup rig commenced drilling of the Rossukon-2 exploration well in G6/48 in the Gulf of Thailand on the 17th March 2015. The jackup is drilling in the same location as where the Rossukon oil accumulation was discovered in 2009. Rossukon-2 lies 1 km northeast of .... [+ read more] the Rossukon-1 discovery well. The well is planned to reach total depth at 5,462 feet (1,665 metres) measured depth (-4,925 feet total vertical depth subsea) and will test Early Miocene stacked fluvial sandstones on a broad structural high. The well will also appraise the Rossukon-1 reservoir, which tested 850 barrels of oil per day, and is designed to identify additional volumes of oil that could move the discovery closer to commercial development. Water depth at the Rossukon-2 well location is 210 feet. G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. The Company took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes Rossukon-2 in G6/48 and 15 development wells in the Wassana oil field.

17 Mar 2015

The Gemini exploration well, offshore Norway has been completed as a dry well

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), operator of PL338C, has completed the drilling of wildcat well 16/1-24. The well is dry. The well was drilled about 10 km southwest of the Edvard Grieg field in the central part of the North Sea and 210 km west of Stavanger. The primary exploration target .... [+ read more] for the well was to prove petroleum in Lower Paleocene Ty formation reservoir rocks. The well encountered no Ty formation sandstone. Data acquisition and sampling have been carried out. This is the first exploration well in PL338C, which was carved out from PL338 late 2014. Well 16/1-24 was drilled to respective vertical and measured depths of 2,269 and 2,299 metres below the sea surface, and was terminated in Upper Jurassic rocks. The well has been permanently plugged and abandoned. Water depth is 105 metres. The well was drilled by the Island Innovator drilling facility, which will now drill appraisal well 7220/11-2 in PL609, where Lundin Norway is the operator. Lundin Norway is the operator of PL338C with 50 percent working interest. Partners are Lime Petroleum Norway* with a 30 percent working interest and OMV Norge AS with 20 percent working interest.

16 Mar 2015

Shango exploration well commences drilling in the Norwegian North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the spudding of the Shango exploration well 25/6-5S (Faroe 20%). The Shango prospect in Licence PL 627 (named Skirne East by the operator Total E&P Norge AS (“Total”)) is located in the Norwegian North Sea .... [+ read more] on the northern part of the Utsira High approximately 5 kilometres from the producing Skirne field, which is also operated by Total. Shango is a structural prospect where the primary target is the Middle Jurassic Hugin formation reservoir, which has proved to be of excellent quality in the neighbouring Skirne field. Shango is located on the spill-route from the Skirne field which is producing above expectations and has been interpreted to be filled to spill. A fast-track subsea development to the Skirne field is planned if the prospect is found to contain a similar gas and condensate hydrocarbon type as found in Skirne. Skirne has been developed as a tie-back to the Statoil-operated Heimdal platform approximately 24 kilometres to the west. The Shango exploration well, located in approximately 120 metres of water, is being operated by Total (40%) using the Leif Eriksson drilling rig with partners Centrica Resources Norge AS (20%) and Det norske oljeselskap AS (20%). Results from the well will be announced when drilling operations are complete.

16 Mar 2015

Atwood Oceanics Reports on Status of Atwood Osprey

Atwood Oceanics, Inc. (NYSE: ATW) announced today that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12th. The rig is currently stable with a support vessel in position, and preliminary results indicate minimal damage with .... [+ read more] an estimated maximum of 30 days out of service time for repairs. No rig personnel were injured in the event. The Atwood Osprey is contracted to Chevron Australia Pty. Ltd. and was on location at the Iago 1B well. The well had been shut down and secured in accordance with Chevron's cyclone demobilization procedures and the rig had ballasted down and evacuated all its rig personnel in advance of the cyclone. Atwood Oceanics is coordinating its efforts with Chevron, the Australian offshore regulator (NOPSEMA) and other affected parties.

16 Mar 2015

First of two new production wells at BassGass successfully spudded

Origin Energy Limited (Origin), as Operator of the BassGas Joint Venture, has confirmed that the Yolla-5 production well spudded at 21:30 hours AEDT on 14 March 2015. The well is being drilled using the West Telesto jack up rig. The Yolla-5 and Yolla-6 wells are being drilled as part of Stage 2 of the BassGas Mid Life Enhancement (MLE) project. .... [+ read more] The two-well drilling program follows the successful lift of the export compression and condensate pumping units into place on the Yolla Platform as reported on 16 December 2014. These activities are designed to extend production from the Yolla field through the BassGas production facility at Lang Lang, Victoria. Origin Chief Executive Officer Upstream, Mr Paul Zealand said, “The spudding of the first of two production wells at Yolla is an important milestone and the culmination of years of planning. “Completion of the MLE project will extend the production life of BassGas, to continue to meet the growing demand for gas on Australia’s east coast,” Mr Zealand said. Prognosed total measured depth of the well is approximately 3,280 metres MDBRT. The Yolla Platform is located in Bass Strait, approximately 140km off shore from Kilcunda, Victoria.

13 Mar 2015

North Atlantic Drilling receives notice of termination for the West Navigator

North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement. The drillship was indicatively scheduled to commence operations under its five-year contract with Rosneft during the summer of 2015, which would have required earlier mobilisation. As outlined in our fourth quarter 2014 results report, .... [+ read more] NADL believes that it will be very challenging to close the transactions with Rosneft on the same terms or in the timeframe contemplated in the executed agreements, and that there were significant risks attached to the US$4.1 billion order backlog related to the drilling contracts with Rosneft. The termination of the service order for West Navigator will reduce NADL's contract backlog by US$1.0 bn. NADL will be marketing the West Navigator for alternative future opportunities, however remains in discussions with Rosneft to explore various alternatives for future co-operation.

13 Mar 2015

Statoil set to spud Roald Rygg prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 6706/12-3, cf. Section 8 of the Resource Management Regulations. Well 6706/12-3 will be drilled from the Transocean Spitsbergen drilling facility at position 67°04’5.85” north and 6°43’54.45” east after completing the drilling of wildcat well 6706/12- 2 for Statoil Petroleum AS in production licence 218. The drilling .... [+ read more] programme for well 6706/12-3 relates to drilling of a wildcat well in production licence 602. Statoil Petroleum AS is the operator with an ownership interest of 30 per cent. The other licensees are Centrica Resources AS (20 per cent), Petoro AS (20 per cent), Rocksources Exploration Norway AS (10 per cent), Wintershall Norge AS (10 per cent) and Atlantic Petroleum Norge (10 per cent). The area in this licence consists of a part of block 6706/10, block 6706/11 and a part of block 6706/12. The well will be drilled about 16 kilometres west of Aasta Hansteen (the Haklang field). Production licence 602 was awarded on 13 May 2011 in the 21st licensing round on the Norwegian shelf. This was 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.

13 Mar 2015

Anadarko issues termination notice for 'Belford Dolphin'

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has received a termination for convenience notice from Anadarko Petroleum Corporation for the contract for the drilling unit Belford Dolphin. The termination will be effective in early September 2015. The termination fee is approximately USD 52 million. The unit will undertake its five-year Class Renewal Survey in second/third quarter 2015. .... [+ read more] The five-year CRS and upgrades is estimated to take approximately 100 days and cost USD 130 million.

13 Mar 2015

GDF Suez announces discovery with 22/16-6 well

GDF SUEZ E&P UK Ltd and its co-venturers today announced a new discovery in the UK Central North Sea. The 22/16-6 well on the Dalziel structure flowed at rates in excess of 8,000 barrels of oil equivalent per day. The well is now being side-tracked to appraise the extent of this discovery. Block 22/16 is part of GDF SUEZ operated Licence .... [+ read more] P.1799. Ruud Zoon, Managing Director of GDF SUEZ E&P UK Ltd said: “This is another encouraging discovery by GDF SUEZ following on from a successful exploration campaign in 2014. It demonstrates a continuing commitment by GDF SUEZ to an active exploration, appraisal and development drilling programme on the UK Continental Shelf.” The well was drilled by GDF SUEZ E&P UK Ltd as operator, with the Transocean Galaxy II jack-up rig. Co-venturers are GDF SUEZ E&P UK Ltd (30%), RWE DEA UK SNS Ltd (25%), JX Nippon Exploration and Production (U.K.) Limited (25%) and Total E&P UK Limited (20%).

12 Mar 2015

OMV set to drill Bjaaland prospect

OMV Norge AS (“OMV”) is the operator for production licence 537 in block 7324/8 in the Barents Sea. OMV is to drill well 7324/8-2 Bjaaland, to investigate the find's potential. Expected start-up is April 2015 with a duration of approx. 47 days, depending on the discovery. Leiv Eiriksson is a semi-submersible drilling facility of the SS Trosvik Bingo 9000 type. The .... [+ read more] facility is owned by Ocean Rig and will be operated by Rig Management Norway. Leiv Eiriksson is registered in the Bahamas and classified by DNV GL. Leiv Eiriksson was issued with an Acknowledgement of Compliance by the PSA in July 2008.

10 Mar 2015

'Atwood Achiever' to spud MZ-1 well in April 2015

Pura Vida Energy NL (“Pura Vida”) has advised that based on the current rig schedule, the company now expects the Atwood Achiever Drillship to mobilise to the MZ-1 location within Pura Vida’s offshore Mazagan Permit and spud the well during April 2015 instead of March 2015. In accordance with the schedule provided in the company’s December quarterly report, it is advised .... [+ read more] that the Atwood Achiever has completed a well offshore Morocco and has now moved to briefly complete a well offshore Mauritania for another Operator before returning to handover to the Mazagan joint venture. MZ-1 will target the Ouanoukrim prospect, which has total gross unrisked mean prospective resources of over 1.4 billion barrels, with a high case of over 3.0 billion barrels (refer to ASX announcement of 17 December 2014). Pura Vida is carried for its’ 23% interest in the MZ-1 well for up to USD215 million.

10 Mar 2015

Cairn announces further delay to Spanish

Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and appraisal company, has noted the operational update provided by Cairn Energy this morning on activities in Frontier Exploration Licence (FEL) 2/04 (“the licence”), which is located c. 175 km off the west coast of Ireland in the northern Porcupine Basin. Capricorn Ireland Limited (38%, Operator (wholly owned subsidiary of Cairn .... [+ read more] Energy PLC)) operates the licence on behalf of its partners, Providence Resources (58%), and Sosina Exploration (4%). In this morning’s announcement, Cairn Energy has advised that an appraisal/exploration well on (FEL) 2/04, originally planned for 2015, has been deferred, pending discussions with partners and the Government of the Republic of Ireland. The well which was originally planned to be spud in August 2014 with the Blackford Dolphin, was originally deferred as the rig incurred additional time in the shipyard and has now been deferred again.

9 Mar 2015

'KS Java Star' awarded short term contract in Indonesia

KS Energy Limited (“KS Energy”) has announced that PT Atlantic Oilfield Services, a subsidiary of KS Drilling Pte. Ltd (“KS Drilling”) and its joint venture partner Pertamina Drilling services, has been awarded a contract for the KS Java Star jackup rig. The contract which is expected to begin this month is with an as yet unnamed client and is anticipated to .... [+ read more] be worth USD7.2 million. The exact length of the contract was not released by KS Energy.

9 Mar 2015

BP makes gas discovery with Atoll-1

BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high quality Oligocene sandstones. Expected to be the deepest well ever drilled .... [+ read more] in Egypt, the Atoll well still has another 1 kilometre to drill to test the same reservoir section found to be gas bearing in BP’s significant 2013 Salamat discovery, 15 kilometres to the south. Bob Dudley, BP Group Chief Executive, commented: “Success in Atoll further increases our confidence in the quality of the Nile Delta as a world class gas basin. This is the second significant discovery in the licence after Salamat. The estimated potential in the concession exceeds 5 trillion cubic feet (tcf) and we now have a positive starting point for the next possible major project in Egypt after BP’s West Nile Delta project.” Commenting on the discovery, Hesham Mekawi, BP North Africa Regional President said: “The Atoll discovery is a great outcome for our second well in this core exploration programme in the East Nile Delta. It demonstrates BP’s continuous efforts to help in meeting Egypt’s energy demands by exploring the potential in the offshore Nile Delta. We are proud of our commitment to unlock Egypt’s exploration potential that requires large investments to utilise using the latest drilling and seismic technologies.” Atoll-1 was drilled in 923m water depth around 80km north of Damietta city, 15km north of Salamat and only 45 km to the north west of Temsah offshore facilities. BP has 100% equity in the discovery.

6 Mar 2015

Premier spuds Zebedee prospect

Rockhopper Exploration plc (“Rockhopper”), has announced that the 14/15-5 well (“Zebedee”) was spudded by Premier Oil on 6th March 2015. The well is located on licence PL004b in which Rockhopper has a 24% working interest and is an exploration well. The Zebedee well will test a total of seven stacked fan bodies with varying geological chances of success (GCoS) of 9 .... [+ read more] - 52%. Net prospective Pmean resources are estimated at 68 million barrels (mmbbls) in a range of 13 - 178 mmbbls. Drilling, coring and logging operations are expected to take approximately 30 days. A further release will be made when those operations are completed. The well was spudded by the Eirik Raude semisub rig which will drill a further five wells in the Falkland Islands. The current drilling order is, Zebedee in licence PL004b, Isobel Deep in licence PL004a, Humpback in southern licence area, Jayne East in licence PL004c, Chatham in licence PL032 and a sixth well yet to be decided. The North Falkland Basin wells are anticipated to cost approximately USD50 million each.

6 Mar 2015

'Maersk Guardian' prepares to drill final well on Brynhild

The Brynhild oil field commenced production on the 25th December 2014 with an initial production rate confirming that the field was capable of producing at the previously announced plateau rate of 12,000 barrels of oil per day (bopd). However due to certain operational issues in relation to the Haewene Brim FPSO, the field has been shut-in since the middle of January .... [+ read more] 2015. The operational issues which have caused the shut-in relate mainly to a leak identified in the gas injection flexible line and to a damaged connection point between one of the mooring chains and the riser buoy. The gas injection line has been successfully repaired and the damage to the mooring line connection point has been inspected and the process of rectifying the connection point has commenced. Production has now re-commenced with the ramp-up to plateau production expected to continue over the next few weeks. The drilling of the third well of a four well campaign has now been completed. The Maersk Guardian jack up rig has now skidded to the fourth slot and the final well will be drilled before the rig begins simultaneous completion operations.

5 Mar 2015

'GSF Celtic Sea' spuds exploration well in Angola

VAALCO Energy, Inc. (“VAALCO”) today announced that on March 2nd, 2015, the Company spudded the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola. As previously announced, VAALCO contracted the Transocean GSF Celtic Sea semi-submersible rig to drill the Kindele-1 well to a planned total depth of 2,250 meters in a water depth of approximately 100 meters. .... [+ read more] Steve Guidry, Chairman and CEO, commented, "We are very pleased to announce this major step forward for our operations offshore Angola. After nearly nine years of continued commitment to our Block 5 license, we are embarking on an important phase in our efforts to explore for hydrocarbons from a second West African country. We continue to believe that Block 5 is within an area with potential in both post- and pre-salt formations including the syn-rift and sag play." As previously announced in October 2014, VAALCO, together with its working interest partner, Sonangol P&P, entered into the Subsequent Exploration Phase ("SEP") on Block 5. Under the SEP, VAALCO and Sonangol P&P have committed to drill a total of four exploration wells during the exploration extension period, which expires in November 2017. The four-well obligation includes the original two-well commitment under the primary exploration period that carries over to the SEP period. The Kindele-1 well will test a fault block adjacent to the Mubafo discovery which tested oil from the Mucanzo sand section within the Pinda group formations. The Kindele-1 will be drilled to a depth of 1,800 meters to evaluate the Mucanzo sand section. The well will then be deepened to the salt to an estimated depth of 2,250 meters for geologic and geophysical correlation. The well is expected to take approximately six weeks to drill to total depth. Additionally, the Company is nearing finalization of the seismic processing in the outboard portion of Block 5. The seismic processing is being performed to image pre-salt structures as potential targets for future exploration wells on Block 5.

4 Mar 2015

Lundin spuds Morkel prospect in Northern North 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 33/2-2S in PL579 has commenced. The well will investigate the hydrocarbon potential of the Morkel prospect in PL579, which is located 180 km west of Florø on the Norwegian west coast and approximately 40 km northwest of .... [+ read more] the Snorre field. The main objective of well 33/2-2S is to test the hydrocarbon potential and reservoir properties of the Jurassic section. Lundin Petroleum estimates the Morkel prospect to have the potential to contain unrisked, gross prospective resources of 74 million barrels of oil equivalent (MMboe). The planned total depth is 3,500 metres below mean sea level and the well will be drilled using the semi- submersible drilling unit Bredford Dolphin. Drilling is expected to take approximately 60 days. Lundin Norway is the operator and has a 50 percent working interest in PL579. The partners are Bayerngas Norge and Fortis Petroleum Norway with 30 percent and 20 percent working interest, respectively.

4 Mar 2015

Worker suffers crush injuries on 'Transocean Barents'

The PSA has decided to launch an investigation into an incident on Transocean Barents on 4 March when a roughneck suffered crush injuries. The injured drill floor worker was on the monkey board, about 10-12 metres in the derrick, at the time of the accident. He has been flown to Ålesund Hospital in western Norway. Transocean Barents is located on the .... [+ read more] Ormen Lange field in the Norwegian Sea under a contract with A/S Norske Shell. Activity on the rig has now been halted. Among other objectives, the PSA investigation will seek to clarify the course of events and identify the direct and underlying causes of the incident.

3 Mar 2015

'Eirik Raude' arrives in Falkland Islands

Falkland Oil and Gas Limited (“FOGL”), the oil and gas exploration company focused on its extensive license areas to the North, South and East of the Falklands islands, and Rockhopper Exploration plc (“RKH”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, are pleased to announce that the drilling unit .... [+ read more] Eirik Raude has arrived in the North Falkland Basin (“NFB”) and will shortly be moving to location to commence the first well, on the Zebedee prospect, of the six well drilling campaign that will see two wells drilled in the NFB then one to the south of the islands, followed by two more in the north and a final slot in the south.

3 Mar 2015

PSA gives green light for Alta well

Lundin Norway AS (“Lundin”) has received consent for exploration drilling of well 7220/11-2. Lundin is the operator for production licence 609 in block 7220/11 in the Barents Sea. Lundin is to drill well 7220/11-2, to investigate the find's potential. Expected start-up is March 2015 with a duration of approx. 62 days, depending on whether a discovery is made. The well is .... [+ read more] to be drilled by the Island Innovator mobile drilling facility. This is a semi-submersible mobile drilling facility of the GM4000-WI type, built in 2012 at Cosco Zhoushan Shipyard in China. The facility is operated by Odfjell Drilling. It is registered in Norway and classified by DNV GL. Island Innovator was issued with an Acknowledgement of Compliance (AoC) by the PSA in August 2013. The PSA has now granted Lundin consent for exploration drilling.

3 Mar 2015

Greatship takes delivery of 'Greatdrill Chaaru'

Greatship's subsidiary takes delivery of a mobile offshore self-elevating drilling rig, Le Tourneau Super 116(E) – ‘Greatdrill Chaaru’ Greatship Global Energy Services Pte. Ltd., a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), which is a wholly owned subsidiary of The Great Eastern Shipping Company Limited has taken delivery of a mobile offshore self-elevating drilling rig, Le Tourneau Super 116(E) .... [+ read more] – ‘GREATDRILL CHAARU’ from Lamprell Energy Ltd., UAE. Greatdrill Chaaru is an independent Leg Cantilever type Jack up rig with 15000 PSI pressure rating, designed to operate in water depths of up to 350 feet. She is a state of the art rig, built with the latest technology, equipments and systems. With the delivery of Greatdrill Chaaru, GIL and its subsidiaries currently own and operate five PSVs, nine AHTSVs, two MPSSVs, six ROVSVs and four Jack up rigs.

2 Mar 2015

Maersk Drilling secures contract for 'Maersk Voyager'

Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production Ltd., a subsidiary of Eni, for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. The total estimated revenue from the firm contract is USD545 million including mobilisation and cost escalations. Maersk Voyager will work .... [+ read more] on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015. “We are very pleased to be chosen by Eni and its partners Vitol and GNPC for this project offshore Ghana and we look forward to working together with the OCTP JV over the next 3.5 years. West Africa has been a strategic focus area for Maersk Drilling, since we embarked on our deepwater expansion, and with this contract we expand our presence in the promising West African deepwater market,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Maersk Voyager is the last in a series of four ultra-deepwater drillships in Maersk Drilling’s rig fleet. The rig was delivered on 6 February 2015 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea. The four drillships represent a total investment of USD2.6 billion.

2 Mar 2015

Statoil granted drilling permit for Julius prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 2/4-23. Well 2/4-23 will be drilled from the Mærsk Gallant drilling facility in position 56°41’42.70’’ north and 03°06’18.10” east. The drilling programme for well 2/4-23 relates to the drilling of an exploration well in production licence 146. Statoil Petroleum AS is the operator with a 77.8 .... [+ read more] per cent ownership interest. Total E&P Norge AS is the licensee with 22.2 per cent. Production licence 146 was awarded to Saga Petroleum in 1988 in the 12th licensing round on the Norwegian shelf. The area in this production licence is located in the southern part of the North Sea and encompasses parts of block 2/4. The well will be drilled about 18 kilometres north of the Ekofisk field. There has been previous drilling activity in the production licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before the drilling activity commences.

2 Mar 2015

Kosmos set to plug and abandon CB-1 well in Morocco

Kosmos Energy (“Kosmos”) announced today that the CB-1 exploration well located in the Cap Boujdour permit area offshore Western Sahara encountered hydrocarbons. The well penetrated approximately 14 meters of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval of approximately 500 meters. The discovery is non-commercial, and the well will be plugged and abandoned. Andrew G. .... [+ read more] Inglis, chairman and chief executive officer, said: “The CB-1 exploration well was designed to open the frontier Laâyoune Basin by testing the Al Khayr Prospect. While not a commercial find, this first well in the basin has significantly de-risked further exploration by demonstrating a working petroleum system, including the presence of a hydrocarbon charge, as well as effective trap and seal. The well results confirm the substantial exploration potential of our 22,000 square kilometer Cap Boujdour block, which includes a diverse range of independent plays and fairways with multiple prospects. Going forward, the key exploration challenge is finding reservoirs of commercial size and quality. We will analyse the information gathered from CB-1 and integrate it with the additional 3D seismic data we recently acquired to refine our exploration plan, including deciding on the location and timing of a potential second well. The Atwood Achiever drillship will now proceed to Mauritania as planned to test the Tortue Prospect.” Located approximately 170 kilometers offshore in 2,135 meters of water, the CB-1 well was drilled on plan to a total depth of 5,700 meters at a net cost to Kosmos of approximately $85 million. Kosmos has held rights to conduct exploration activities in the Cap Boujdour permit area since 2006 under a petroleum agreement with the Government of Morocco’s Office National des Hydrocarbures et des Mines (ONHYM). Kosmos operates the Cap Boujdour license with 55 percent equity and is joined by its partners ONHYM (25 percent) and Capricorn Exploration and Development Company Limited, a wholly owned subsidiary of Cairn Energy PLC (20 percent). The Atwood Achiever is set to drill the MZ-1 exploration well in Morocco under sublet for Freeport-McMoRan Oil & Gas, with drilling operations expected to begin in late March 2015.

2 Mar 2015

Statoil receives consent to drill Roald Rygg

Statoil is the operator for production licence 602 in block 6706/12 in the Norwegian Sea. Statoil is to drill well 6706/12-3 Roald Rygg, to investigate the find's potential. Expected start-up is March 2015 with a duration of approx. 34 days, depending on whether a discovery is made. Transocean Spitsbergen is a semi-submersible drilling facility of the Aker H-6e type. It was .... [+ read more] built at the Aker Stord yard, is registered in the Marshall Islands and classified by DNV GL.

2 Mar 2015

Karoon spuds Kangaroo West-1 well in Brazil

Karoon Gas Australia Ltd (“Karoon”) is pleased to announce the spudding of the second well in the current Santos Basin drilling campaign, the Kangaroo West-1 exploration well, at 0815 hrs BRT on 26th February 2015. The 26” hole section has been drilled to a depth of 1,106 mRT and preparations are under way to run 20” casing prior to recommencing drilling .... [+ read more] in the 17-1/2” hole section. The top of the reservoir section is expected to be penetrated within approximately 3 weeks with the well reaching total depth during early April 2015. The Kangaroo West-1 exploration well is located in block S-M-1165, on the western flank of the same salt structure as the Kangaroo oil field and has the same trap type and reservoir and seal intervals that have been mapped into the prospect from surrounding wells. The well is designed to evaluate the salt-flank prospect on the western side of Kangaroo salt structure, approximately 4.5 kilometres from Kangaroo-2. The salt flank play was first proven by the oil discovery at Kangaroo-1 and further confirmed by the appraisal results at Kangaroo-2. Due to large size and proximity to Kangaroo, a successful outcome at Kangaroo West-1 could materially add to any possible development of the Kangaroo oil field. Karoon holds a 65% interest in and is operator of the jointly held block S-M-1165, Santos Basin, Brazil. Upcoming Well Program The current exploration and appraisal drilling campaign, operated by Karoon, is using the ’Olinda Star’ semi-submersible drilling rig for the entire campaign. The rig contract provides Karoon with 2 firm wells plus 2 option wells providing flexibility for further appraisal of the Kangaroo oil discovery, additional drilling at Kangaroo West or possibly targeting other prospects. The Kangaroo West-1 exploration well is the last firm well commitment, a decision relating to the first option well is expected in the coming weeks.

27 Feb 2015

'PV Drilling VI' jackup named in Singapore

Keppel FELS Limited (“Keppel”), on the 27th February 2015 held the naming ceremony for the newbuild PV Drilling VI jackup rig. The unit is expected to be delivered in early March 2015 and is based on Keppel’s standard B class jackup rig design. The unit can operate in water depths of 400ft and drill down to a maximum depth of 30,000ft. .... [+ read more] In January 2015, PV Drilling announced that the unit has been contracted for two years by PetroVietnam Exploration Production Company (PVEP) to carry out drilling operations in Vietnam.

27 Feb 2015

Total gets approval to drill 25/6-5 S well in Norway

The Norwegian Petroleum Directorate has granted Total E&P Norge AS a drilling permit for well 25/6-5 S, cf. Section 8 of the Resource Management Regulations. Well 25/6-5 S will be drilled from the Leif Eiriksson drilling facility at position 59°35’27.15” north and 02°45’39.46” east, in the central part of the North Sea. The drilling programme for well 25/6-5 S relates .... [+ read more] to drilling of a wildcat well in production licence 627. Total E&P Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are Centrica Resources (Norge) AS, Det norske oljeselskap ASA and Faroe Petroleum Norge AS, each with 20 per cent. The area in this licence consists of parts of blocks 25/5, 25/6, 25/8 and 25/9. Production licence 627 was awarded on 3 February 2012 (APA 2011). This is the first exploration well to be drilled in the licence, but exploration wells have been drilled before within the area covered by this licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

26 Feb 2015

Hess chooses not to exercise option on 'WilHunter'

Awilco Drilling Plc, the UK midwater focussed drilling contractor has announced that Hess Limited (“Hess”) has decided not to exercise its 275 day option on the WilHunter semisub. Hess extended its contract for the WilHunter in March 2013, which included the option for an additional 275 days to be exercised by 25th February 2015. However, Hess has allowed this option to .... [+ read more] lapse and as such the unit will come off contract in November 2015.

26 Feb 2015

Saudi Aramco cancels contract for 'Hercules 261'

Hercules Offshore, Inc. (“Hercules”) announced today that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261 jackup, effective March 27th, 2015. Hercules is in the process of seeking a basis for continuing the Hercules 261 contract. As previously disclosed, Hercules has been in discussions with Saudi Aramco about a possible rate reduction on the .... [+ read more] Hercules 262 and Hercules 266. The Company has not received a notice of termination from Saudi Aramco with respect to these rigs.

26 Feb 2015

Total set to spud Skirne Ost prospect in March 2015

Total E&P Norge AS (“TEPN”) has received consent for exploration drilling of wells 25/6-5 S and 25/6-5 A. TEPN is the operator for production licence 627 in block 25/6 in the central North Sea. TEPN is to drill wells 25/6-5 S and 25/6-5 A Skirne Øst, to investigate the find's potential. Expected start-up is March 2015 with a duration of approximately .... [+ read more] 50 days, depending on whether a discovery is made. Leiv Eiriksson is a semi-submersible drilling facility of the SS Trosvik Bingo 9000 type. The facility is owned by Ocean Rig and will be operated by Rig Management Norway.

25 Feb 2015

Statoil given green light for 15/6-13 exploration well drilling

Statoil has received consent to carry out exploration drilling of well 15/6-13. Statoil is the operator for production licences 029B and 303 in block 15/6 in the central North Sea. Statoil is to drill well 15/6-13 Gina Krog East 3, to investigate the find's potential. Expected start-up is April 2015 with a duration of approx. 50 days, depending on whether a .... [+ read more] discovery is made.

25 Feb 2015

Dana Gas contracts 'Sagadril 2'

Japan Drilling Company Inc. (“JDC”) has announced a new drilling contract for its jackup rig Sagadril 2. The unit which is currently in the shipyard in Sharjah (UAE) emirate has been contracted by Dana Gas Exploration FZE (“Dana”) for drilling on the Zora field in the emirate. The contract is expected to last up to 70 days and is scheduled to .... [+ read more] begin from 19th March to 19th April 2015.

24 Feb 2015

Lundin farms out interest in Gemini prospect

Lundin Petroleum AB (“Lundin Petroleum”), through its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”), has entered into an agreement to farm-out a 30 percent working interest in PL338C. Lundin Norway has signed a farm-out agreement with Lime Petroleum Norway AS (Lime Petroleum) whereby Lime Petroleum will acquire a 30 percent working interest in PL338C. PL338C contains the Gemini prospect which .... [+ read more] is currently being drilled with the Island Innovator rig. Following this transaction, and subject to government approval, Lundin Norway will hold an operated 50 percent working interest in PL338C with Lime Petroleum holding 30 percent and OMV Norge AS 20 percent.

24 Feb 2015

Diamond struck by contract termination calls

Diamond Offshore Drilling Inc (“Diamond”) today released its 10-K form to the United States Securities and Exchange Commission (“SEC”). The release contained news that the company has received contract cancellation/terminations for six of its operational rigs in Brazil, UK and Mexico. Petrobras notified the company of its intention to terminate the Ocean Baroness’ contract with immediate effect in Brazil. Whilst on .... [+ read more] the 12th February 2015, Dana Petroleum gave notice to Diamond that it intended to terminate the drilling contract for the Ocean Nomad semisub, currently operating in the UK. However, the largest cancellation/termination notice came from Pemex who informed Diamond that it intends to terminate contracts for the Ocean Ambassador, Ocean Nugget and Ocean Summit as well as cancelling the future contract for the Ocean Lexington. Diamond highlighted in the release that the company is currently in discussion with each of the three operators regarding the proposed terminations and cancellations which if exercised could result in a significant decrease in revenue for the rig manager.

23 Feb 2015

Talisman to use 'Maersk Giant' for exploration drilling at Snømus prospect

Talisman Energy Norge AS (“Talisman”) has received consent for exploration drilling of well 15/12-24. Talisman is the operator for production licence 672 in block 15/12 in the central North Sea. Talisman is to drill well 15/12-24 in a prospect named Snømus, to investigate the find's potential. The well will be drilled by Mærsk Giant which is a jack-up mobile drilling facility. .... [+ read more] 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.

20 Feb 2015

Incident onboard 'Scarabeo 8'

The PSA has resolved to investigate an incident where a person fell overboard from the Scarabeo 8 semisub which is working on the Goliat field in the Barents Sea on 20th February. After being recovered by the Esvagt Aurora, the person involved was sent to Hammerfest Hospital with minor injuries. The area around the accident site has now been cordoned off .... [+ read more] and activity suspended. Among other objectives, the PSA investigation will seek to clarify the course of events and identify the direct and underlying causes of the incident.

20 Feb 2015

Tvillingen South well abandoned by Maersk

North Energy ASA (“North Energy”) and its fellow licence partners in PL 510 have decided to plug and abandon the Tvillingen South exploration well (6406/6-4) in the PL 510 licence. This follows a period of difficulties in a liner setting covering the intermediate part of the well. The rig, Leiv Eiriksson, will move on to drill Total's well Skirne in PL .... [+ read more] 627. Licence partners in PL 510 will carefully evaluate new options for the licence work programme, including a potential redrill of the Tvillingen South prospect. Partners in the licence are Maersk Oil Norway AS (operator with 50 per cent), Edison Norge AS (30 per cent) and North Energy (20 per cent).

19 Feb 2015

'Arpoador' drillship arrives in Jurong Aracruz shipyard

The Arpoador drillship arrived at Jurong Shipyard Aracruz Pier (“EJA”), this morning, February 19th, and began EJA begna the process for its release with the Receita Federal do Brasil. After its release, EJA will begin to assemble the crew accommodation mega blocks and the drilling rig. The equipment is already being assembled and was builtlast year by the EJA operation team, .... [+ read more] whilst the hull was being constructed in the shipyards of Sembcorp Marine Group in Singapore. To assemble the megablocks to the hull, a floating giant crane from EJA, with lifting capacity of up to 3,600 tons, will be used. The floating crane was manufactured in Japan, has a flag and Brazilian crew and is the largest in Latin America.The construction work of the drilling rig and crew accommodation will be carried out by about 1,000 EJA workers from different areas, such as welders, blasters, scaffold fitters, boilermakers, painters, technicians in shipbuilding, engineers, among others. The drillship Arpoador should be completed and delivered to the Sete Brasil later this year. The Arpoador is the first of seven drillships ordered by Sete Brasil to operate in the ultra-deepwater of the Brazilian pre-salt Santos Basin. In addition to the Arpoador, the Jurong Shipyard has been hired to construct the; Guarapari, Camburi, Itaoca, Itaúnas, Siri and Sahy drillships. The Arpoador, will have accommodation for a crew of up to 180 people, has extensive cargo capacity and useful space, advanced drilling equipment and a large central 'moon pool' (opening in the center of the ship similar to a pool where moving equipment drilling of oil wells). The drillship will be capable of operating at water depths of 10,000 feet (3,048 m) and drilling wells up to 40,000 feet (12.2 km) long.

18 Feb 2015

Statoil given approval to drill Snefrid Nord prospect

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 6706/12-2, cf. Section 8 of the Resource Management Regulations. Well 6706/12-2 will be drilled from the Transocean Spitsbergen drilling facility in position 67°05’08,63” north and 06°52’00,09”east. The drilling program for well 6706/12-2 concerns the drilling of a wildcat well in production licence 218. Statoil is the .... [+ read more] operator with an ownership interest of 51 per cent. The other licensees are Wintershall Norge AS (24 per cent), OMV Norge AS (15 per cent) and ConocoPhillips Skandinavia AS (10 per cent). The area in this licence consists of part of block 6706/12 and part of block 6707/10. The well will be drilled about six kilometres northwest of the Aasta Hansteen field. Production licence 218 was awarded on 2 February 15 1996 (the 15th licensing round on the Norwegian shelf). This is the fifth well 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.

17 Feb 2015

Ensco stacks three jackups and announces contract cancellation for 'ENSCO 70'

Ensco Plc (“Ensco”) has announced that it is preparing to cold stack three US Gulf of Mexico (“GoM”) jackup rigs on the back of lower utilisation and oil price declines. In its fleet report update for February 2015, Ensco indicated that stacking operations have begun for the ENSCO 81, ENSCO 82 and ENSCO 99 jackup rigs. The cold stacking of the .... [+ read more] three units means that Ensco will now have a total of 10 units cold stacked including, four semisubs, one drillship and five jackups. Meanwhile the rig manager also announced that its Ensco 70 jackup had its future contract with Maersk Oil in Denmark cancelled due to delays associated with the unit’s previous contract with RWE Dea. The Ensco 70 is now ready stacked in the UK while Ensco market the unit for further work.

17 Feb 2015

Transocean delays delivery of newbuild jackup rigs

Delivery of Transocean’s five newbuild jackup rigs, all of which are being constructed at Keppel FELS shipyard in Singapore has been pushed back by close to six months the rig manager has announced. The first newbuild unit, Transocean Cepheus is now expected to be delivered in Q3 2016 as opposed to Q1 2016 as previously announced. The remaining jackups are to .... [+ read more] be delivered within six month intervals from the first delivery. No specific reason was given for the delivery delay; however, it could be that Transocean chose to push back delivery as it looks to weather the current market downturn.

16 Feb 2015

BG comes up dry with Strawberry wells

BG Group AS, operator of production licence 373 S, is in the process of completing the drilling of wildcat wells 34/3-4 S and 34/3-4 A. The wells were drilled about 5 kilometres east of the Knarr field in the northern part of the North Sea. The purpose of wildcat well 34/3-4 S was to investigate a large channel system in .... [+ read more] reservoir rocks in the Pleistocene. The well encountered a 250-metre thick channel system, about 50 metres of which was of very good reservoir quality. Traces of gas were encountered in two thin sandstone layers. The purpose of well 34/3-4 A was to prove petroleum in lower Jurassic reservoir rocks (the Cook formation). Well 34/3-4 A encountered about 110 metres of the Cook formation, 53 metres of which was sandstone with good reservoir quality and traces of gas. Data sampling and aquisition have been carried out in both wells. Both wells are classified as dry. These are the fifth and sixth exploration wells in production licence 373 S. Wells 34/3-4 S and 34/3-4 A were drilled to measured depths of 1607 and 4535 metres, respectively, and vertical depths of 1584 and 4321 metres below the sea surface, and were terminated in the Hordaland group in the Miocene and the Amundsen formation in the Lower Jurassic. Water depth at the site is 406 metres. The wells will now be permanently plugged and abandoned. Wells 34/3-4 S and 34/3-4 A were drilled by the Transocean Searcher drilling facility, which will now move on to drill wildcat well 34/3-5 S in the same production licence.

16 Feb 2015

'Island Innovator' spuds Gemini prospect

Lundin Petroleum AB (“Lundin Petroleum”), through its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”), is pleased to announce that drilling of exploration well 16/1-24 in PL338C southwest of the Edvard Grieg field, has commenced. The well will investigate the hydrocarbon potential of the Gemini prospect. The well is located in PL338C approximately 10 km southwest of the Edvard Grieg field. .... [+ read more] The main objective of well 16/1-24 is to test the reservoir properties and hydrocarbon potential of Lower Paleocene aged sandstones of the Ty Formation. Lundin Petroleum estimates the Gemini prospect to have the potential to contain unrisked, gross prospective resources of 93 million barrels of oil equivalent (MMboe). The planned total depth is approximately 2,192 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 40 days. Lundin Petroleum is the operator of PL338C with 80 percent working interest. OMV Norge AS is partner with 20 percent working interest.

16 Feb 2015

Maersk Drilling names third XLE jackup in Singapore

Maersk Drilling’s third XL Enhanced ultra-harsh environment jack-up was named Saturday morning at a ceremony held at the Keppel FELS shipyard in Singapore. Mrs. Margareth Øvrum, Executive Vice President in Statoil, honoured Maersk Drilling by naming the rig Maersk Integrator. Maersk Integrator is the third in a series of four ultra-harsh environment jackup rigs to enter Maersk Drilling’s rig fleet. The .... [+ read more] four jack-up rigs represent a total investment of USD2.6bn. The first three jackup rigs, including Maersk Intregrator, have now all been delivered from the Keppel FELS shipyard. 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 Intregator will mobilise to the North Sea and commence a four year firm contract with Statoil for drilling on the Gina Krog field in the Norwegian North Sea. The estimated contract value for the firm contract is USD620 million.

13 Feb 2015

Seadrill updates status of Petrobras contracts

At the time of its third quarter earnings release in November 2014, Seadrill Limited ("Seadrill") announced that it had received extensions for its ultra-deepwater semisubmersibles the West Taurus and West Eminence from Petrobras in Brazil. However, due to recent developments within Petrobras, Seadrill no longer believes the contracts will be concluded in the timeframe or on the previously approved commercial terms. .... [+ read more] Consequently, Seadrill will remove USD1.1bn from the backlog reported in its third quarter earnings release. Seadrill continues to work with Petrobras and its partners to find a mutually agreeable commercial solution. Also at the time of the third quarter earnings release Seadrill announced approval for contract awards on the Libra Field from Petrobras for the ultra-deepwater drillships the West Tellus and West Carina. The final contracts have been signed and commencement of operations is expected to begin in the second quarter of 2015.

13 Feb 2015

Vantage announces amendment to 'Cobalt Explorer' construction contract

Vantage Drilling Company ("Vantage") announced today that the terms of the Cobalt Explorer construction contract have been amended to defer the second progress payment until July 2015. In consideration of this deferral, we have also agreed to reduce the potential liquidated damages associated with the contract. All other terms and conditions of the construction contract remain in full force and effect. .... [+ read more] Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of three ultra-deepwater drillships, thePlatinum Explorer, the Titanium Explorer and the Tungsten Explorer, as well as an additional ultra-deepwater drillship, the Cobalt Explorer, now under construction, and four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others.

13 Feb 2015

'Transocean Leader' enters Westcon shipyard for SPS

Westcon Yards (“Westcon”) in Olen, Norway was notified a week ago that it had successfully won a contract to carry out the SPS for the Transocean Legend unit. The original plan was for the unit to arrive in March, however, the unit arrived early on Saturday 14th February 2015. The SPS and additional inspection work on the Transocean Leader is expected .... [+ read more] to take up to 35 days to complete. However, the rig is projected to stay in the shipyard until May 2015, when it will mobilise to the UK sector of the North Sea to begin a new contract with EnQuest.

13 Feb 2015

Statoil discovers oil at Romeo prospect

Statoil Petroleum AS, operator of production licence 146, is in the process of completing the drilling of wildcat well 2/4-22 S. The well was drilled about 20 kilometres north of the Ekofisk field and 2.3 kilometres northeast of the 2/4-21 discovery in the southern part of the North Sea. The primary exploration target for well 2/4-22 S was to prove .... [+ read more] petroleum in reservoir rocks in the Permian (in the Rotliegend group). The secondary exploration target was to prove petroleum in reservoir rocks in the Middle Jurassic (the Bryne formation). In its primary exploration target, the well encountered a 27-metre total oil column in the Rotliegend group, 24 metres of which was sandstone of good reservoir quality. In its secondary exploration target, the well encountered oil columns in two intervals in the Bryne formation, where the top interval also extends into the overlying Ula formation in the Upper Jurassic. No oil/water contact was encountered in either of the intervals in the Jurassic. The Bryne formation has a 46-metre total oil column, about 30 metres of which is sandstone of good to poor reservoir quality. The Bryne and Ula formations have a 49-metre total oil column, about 15 metres of which are from multiple thin sandstone layers with good to poor reservoir quality. Data acquisition and sampling have been carried out. Preliminary estimates of the size of the discovery range between 0.7 and 2 million Sm3 of recoverable oil equivalents. Further studies are needed in order to determine whether the discovery can be included as part of a future development of the area. This is the ninth exploration well in production licence 146. The license was awarded in the 12th licensing round in 1988. Well 2/4-22 S was drilled to a vertical depth of 4834 metres below sea level and was terminated in the Rotliegend group. Water depth at the site is 67 metres. The well will now be permanently plugged and abandoned. Well 2/4-22 S was drilled by the Maersk Gallant drilling facility, which will now move on to drill exploration well 2/4-23 in the same production licence.

12 Feb 2015

NPD confirms minor gas discovery at Lundin's Zulu prospect

Lundin Norway AS, operator of production licence 674 BS, is in the process of completing the drilling of wildcat well 26/10-1. The well was drilled about 33 kilometres northeast of the discovery well, 16/2-6, on Johan Sverdrup in the central North Sea, and about 100 kilometres west of Stavanger. The purpose of the well was to prove petroleum in reservoir .... [+ read more] rocks in the Miocene (the Utsira formation). The well encountered a 24-metre total gas column in the Utsira formation with excellent reservoir quality. The well was not formation tested, but data acquisition and sampling have been carried out. Preliminary calculations of the size of the discovery are between 1.5 and 4 billion standard cubic metres (Sm3) of recoverable oil equivalents. This is the first exploration well in production licence 674 BS. On 28 October 2014, it was carved out from production licence 674, which was awarded in APA 2012. The well was drilled to a vertical depth of 995 metres below the sea surface and was terminated in the Hordaland group. Water depth at the site is 140 metres. The well will now be permanently plugged and abandoned. Well 26/10-1 was drilled by the Island Innovator drilling facility, which is now moving on to drill wildcat well 16/1-24 in production licence 338 C, where Lundin Norway AS is the operator.

11 Feb 2015

Karoon completes Kangaroo-2 appraisal drilling

Karoon Gas Australia Ltd’s Kangaroo-2 appraisal well, located in exploration Block S-M-1165, Santos Basin off-shore Brazil, confirmed a 250 metre gross (135 metre net) oil column in Paleocene and Maastrichtian aged reservoirs, as announced on 26th November 2014. The successful multi formation production testing program conducted in the Kangaroo-2 vertical well, results announced in Progress Report No 6 and Progress Report .... [+ read more] No 7, was followed by a down-dip and up-dip side-track program. Karoon is the operator and has a 65% interest in the jointly held Block S-M-1165, Santos Basin, Brazil. Pacific Rubiales Energy Corp holds the remaining 35% interest. The up-dip side-track penetrated oil bearing sands in the Paleocene reservoir section, where 5 reservoir fluid samples were recovered by wireline from a 37 metre gross oil column with a net to gross of 60% and an average porosity of 27%. One sample was opened on surface and contained 2.9 litres of 39 degree API oil. The remaining samples will be analysed in onshore laboratories. Pressure data indicates that the Paleocene oil bearing reservoir is in a separate pressure compartment from those seen in Kangaroo-2. The Maastrichtian reservoir was water bearing where a second fault separates the up-dip Maastrichtian from the oil accumulations in the vertical and down-dip side-track wells. Aquifer pressure data indicates that the Maastrichtian and Campanian sections in this well and all the previous Karoon wells are normally pressured. This supports the presence of a common aquifer which would likely provide water drive. This is important information for production and recovery modelling. No gas cap was penetrated in any reservoir. The lack of a gas cap is positive as it indicates no oil has been displaced by gas in the Kangaroo reservoirs. Kangaroo-2 up-dip side-track-2 was drilled to collect and evaluate information on the characteristics of the Paleocene and Maastrichtian reservoirs in the up-dip location, closer to the salt diaper. The Olinda Star rig will now move to, and commence drilling at the Kangaroo West-1 exploration well (the second firm well in the program) to evaluate the salt-flank prospect on the western side of Kangaroo salt structure, approximately 4.5 kilometers from Kangaroo-2. Due to large size and proximity to Kangaroo, a successful outcome at Kangaroo West-1 could materially add to any possible development of the Kangaroo oil field. The salt flank play was first proven by Kangaroo-1 with the intersection of a 76 metre gross oil column and oil recovered to surface from wireline DSTs and further confirmed by the results at Kangaroo-2. The Kangaroo-2 vertical well intersected 250 metre gross (135 metre net) oil column in Paleocene and Maastrichtian aged reservoirs and production tested a stabilised flow rate of 3,300 stb/d through a 1”choke with a flowing tubing head pressure of 430 psia, a gas-oil-ratio of 650 scf/stb and 38 degree API oil. 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 exploration and appraisal drilling campaign is expected to continue through first half 2015 with the ’Olinda Star’ semi-submersible rig drilling the entire campaign. The rig contract provides Karoon with 2 firm wells plus 2 option wells, and, in the event of a successful drilling outcome in the first 2 wells provides maximum flexibility for further appraisal of the Kangaroo oil discovery, additional drilling at Kangaroo West or possibly targeting other prospects.

11 Feb 2015

GSF Constellation II completes development well on Etame field

VAALCO Energy, Inc. (“Vaalco”) today announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (“MD”) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand. Following completion operations, the well .... [+ read more] was tested at the rate of approximately 3,200 BOPD on a gross basis with negligible amounts of water and no hydrogen sulfide (“H2S”). The well is currently being produced at approximately 3,000 BOPD. "We are very pleased with the results from the Etame 10-H well and we are eager to continue our current drilling program offshore Gabon," said Steve Guidry, CEO of VAALCO. "VAALCO has produced over 85 million barrels of oil from the Etame Marin block and, with our two new platforms, we are well positioned to continue to deliver a growing production profile through most of 2015." The contracted jack up rig, the GSF Constellation II, is now being mobilized to drill additional development wells from the Southeast Etame/N. Tchibala ("SEENT") platform, beginning with the Southeast Etame 2-H well in the Southeast Etame field, where the Company and its partners drilled a successful exploration well in 2010. Following the mobilization of the jack-up rig to the SEENT platform, VAALCO is planning to conduct an extended well test of the Etame 8-H well, drilled in the fourth quarter of 2014, to confirm and quantify the presence of H2S, which was detected during the initial 17 hour flow test. The well test is expected to occur later in the first quarter of 2015.

11 Feb 2015

Hibiscus Petroleum set to spud Sea Lion in June 2015

Hibiscus Petroleum Berhad’s (“Hibiscus Petroleum”) wholly-owned entity, Carnarvon Hibiscus Pty Ltd (“CHPL”), has progressed the plan to commence the drilling operations of an exploration well located in VIC/P57 offshore Australia in June 2015. CHPL had, in October 2014, signed a rig share agreement with Origin Energy Resources Ltd (“Origin Energy”), whereby CHPL will assume the services of Seadrill’s West Telesto drilling .... [+ read more] rig, an independent leg cantilever jack-up rig, to spud and drill the Sea Lion exploration well after Origin’s drilling activities. The drilling of the Sea Lion exploration well is estimated to take up to 30 days. In mid-January 2015, the West Telesto rig arrived at Port Philip Bay in Melbourne on a Heavy Lift Vessel (HLV) and has since been offloaded and towed to Western Port Bay. West Telesto will shortly be towed to the Yolla field to commence Origin Energy’s planned well programme. Commenting on the West Telesto’s arrival, Dr Kenneth Pereira, Managing Director of Hibiscus Petroleum said, “We are excited to see the rig’s arrival in Australia as this is a big step towards the start of our second exploration drilling campaign as an independent E&P company in an operator’s role. Other than the Sea Lion drilling activities, we are also looking forward towards drilling in Norway where our jointly controlled entity, Lime Petroleum Norway AS expects to drill 3 exploration wells this year, as nonoperator.” The Sea Lion exploration prospect has been selected for drilling after in-depth technical and economic evaluation, with estimated prospective resources of between 11 million barrels on a P50 case to 15.3 million barrels on an upside P10 case. A commercial discovery at Sea Lion would improve the economics of CHPL’s West Seahorse development where a tie-in of the 2 fields would be possible.2 CHPL currently holds a 55.1% participating interest in VIC/P57 whilst HiRex (Australia) Pty Ltd (41% effective interest held by Hibiscus Petroleum) has a 20% interest in VIC/P57. The remaining 24.9% is held by 3D Oil Limited (3D Oil).

10 Feb 2015

Dana Petroleum completes Lille John-2 appraisal drilling

Dana Petroleum (“Dana”) has successfully completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil field in licence 12/06 in the Danish North Sea. Dana spudded the appraisal well on the 13th December 2014 in Danish exploration license 12/06. The Lille John-2 (LJ-2) appraisal well and side-track confirmed the presence of sweet, light oil in .... [+ read more] the Late Miocene sandstone reservoir. The thickness and quality of the sandstone reservoir encountered in LJ-2 was found, as expected, to be improved relative to the LJ-1 discovery well drilled in 2011. The entire reservoir package was cored, a comprehensive log suite gathered followed by a drill stem test over the entire interval. The production test showed a maximum flow rate of 1,400 bbls/day, with no sand production. The oil quality was similar to that found in the LJ-1, being 34°-35° API with no H2S. Detailed evaluation of the acquired data will now be performed to confirm the exact thickness of the oil pay in order to assess the recoverable volumes in the Lille John accumulation and to determine commerciality. The 12/06 licence also contains the Broder Tuck gas/condensate discovery. Dana acquired 40 per cent equity in the licence from PA Resources last year and assumed operatorship on 1 June 2014.

9 Feb 2015

Diamond Offshore cold stacks trio of rigs

Diamond Offshore (“Diamond”) has announced that the company has decided to stack a further two jackup rigs and another semisubmersible rig, doubling its total of cold stacked units. The units being cold stacked are the Ocean King and Ocean Titan both which will be stacked immediately in the US GoM as well as the Ocean Worker, which will arrive in the .... [+ read more] US GoM on the 2nd March 2015 and will being stacking preparations. The news that Diamond has chosen to stack these units follows the company’s decision to retire six units in December 2014, as it looks to react to the depressed offshore drilling market.

9 Feb 2015

Statoil discovers oil at Krafla North

Statoil Petroleum AS, operator of production licence 035, is in the process of completing the drilling of wildcat well 30/11-10 A. The 30/11-8 S discovery was proven in the summer of 2011 in Middle Jurassic reservoir rocks about 25 kilometres southwest of the field facility on the Oseberg Sør field in the northern part of the North Sea. After drilling .... [+ read more] the discovery well 30/11-8 S, the operator's resource estimate was between 2 and 9 million standard cubic metres (Sm³) of recoverable oil equivalents. Appraisal well 30/11-10 A was drilled into the reservoir north of discovery well 30/11-8 S. The purpose of the well was to delineate the 30/11-8 S discovery, increase proven in place oil resources and reduce the range of uncertainty in recoverable resources in Middle Jurassic reservoir rocks (the Tarbert formation). In addition, the licensees wanted to acquire more precise information about the depth of the structure, reservoir and fluid properties, as well as verify communication over the structure. The well encountered a total oil column of about 260 metres in the Tarbert formation, divided between the upper and middle Tarbert formation with columns of 110 and 150 metres, respectively. The reservoir rocks in the upper and middle Tarbert formation consist of 30 and 55 metres of sandstone of good reservoir quality. The preliminary size of the discovery is calculated at between 8 and 13 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 preliminary gas/oil ratio is 80-95 Sm3/Sm3. The licensees will consider developing the discovery along with other discoveries in the area. Well 30/11-10 A was drilled within production licence 035 on cost-sharing with production licence 272, which has the same licensees and ownership interests as licence 035. The well is the ninth exploration well in production licence 035, which was awarded in the 2nd licensing round in 1969. 30/11-10 A was drilled to a vertical depth of 3673 metres below the sea surface, and was terminated in the Ness formation in the Middle Jurassic. Water depth at the site is 105 metres. The well will be permanently plugged and abandoned. Well 30/11-10 A was drilled with the Transocean Leader drilling facility, which has thus completed its drilling assignments for Statoil.

9 Feb 2015

Lundin given approval to drill Edvard Greig SE appraisal well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-24, cf. Section 8 of the Resource Management Regulations. Well 16/1-24 will be drilled by the Island Innovator drilling facility at position 58°46’45.57’’ north 02°06’35.00’’ east in production licence 338 C. The drilling programme for well 16/1-24 relates to drilling of a wildcat well in production .... [+ read more] licence 338 C. Lundin is the operator with an 80 per cent ownership interest. The other licensee is OMV (Norge) AS with 20 per cent. The area in this licence consists of part of block 16/1. The well will be drilled southwest of the Edvard Grieg field in the central part of the North Sea. Production licence 338 C was split from production licence 338 and awarded on 16 December 2014. This is the first exploration well drilled in the licence area. The permit is contingent on securing other permits and consents required by other authorities before drilling activity starts.

6 Feb 2015

Lundin hits gas with Zulu well

Lundin Petroleum AB (“Lundin”), through its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”), has completed the drilling of wildcat well 26/10-1. The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km northeast of the Johan Sverdrup discovery. The main objective of .... [+ read more] well 26/10-1 was to test the hydrocarbon potential in the Miocene Utsira Formation sand. The well encountered Utsira Formation sand with very good reservoir quality. The well encountered gas in an upper 24 metres sand sequence. Pressure measurements imply a gas column of 36 metres at the well. Thorough logging and sampling has been performed. Fluid data will be analysed and detailed mapping performed for resource potential evaluation. The well is being plugged and abandoned as a gas discovery. The well was drilled by the drilling rig Island Innovator to a total depth of 995 metres subsea and was terminated in sediments of presumed Oligocene age Hordaland Group. The well was drilled in a water depth of 140 metres on the Patch Bank Ridge. This well was the first exploration well in licence PL674BS, which was awarded as a part of PL674 in APA 2012 and carved out as a separate licence in 2014. Lundin Norway is operator with a 35 percent working interest. Petrolia Norway and E.ON E&P Norge are partners with 35 and 30 percent working interest respectively.

6 Feb 2015

Apache spuds Suriname well

Apache Suriname Corp. LDC, a subsidiary of Apache Corp. (“Apache”), has started its drilling operations in Block 53 utilizing Stena’s DrillMax drillship. It’s the first time that a 6th generation drillship has operated in offshore Suriname. This dynamically positioned drillship has a length of 228 meters and is 42 meters wide. The Popokai (Parrot)-1wild cat will be drilled in 1,492 meters .... [+ read more] of water and lies approximately 200 kilometres from the Surinamese coast line.

5 Feb 2015

RWE plugs Crosgan appraisal well

Sterling Resources Ltd (“Sterling”) has released an update on the Crosgan appraisal well 42/15b-3 in the UK Southern North Sea. The well has reached a total depth of 8,401 feet measured depth and has encountered gas bearing sands in the Carboniferous Yoredale Formation with 35 feet of pay in the targeted Whitby Sandstone and a further 26 feet of pay in .... [+ read more] various shallow sands within the overlying upper Carboniferous section. The well has encountered a gas-down-to (GDT) deeper than the gas-water contact observed in the offset 42/10b-2z well drilled in 1995. The Whitby formation, however, was encountered 265 feet deep to prognosis and the sand thickness is less than expected for the well. On completion of logging activities currently in progress, the well will be plugged and abandoned. Sterling Resources UK plc holds a 30% interest in the Crosgan Licence.

5 Feb 2015

Noble announces decision to retire three semisub rigs

Noble Corporation Plc (“Noble”) today announced its fourth quarter and full year 2014 results, including its decision to retire three older semisubmersible drilling rigs. The announcement follows suit with a number of other large rig managers including; Transocean and Diamond Offshore Drilling announcing similar retirement plans. Noble will retire the cold stacked Noble Paul Wolff and Noble Driller alongside the idle .... [+ read more] Noble Jim Thompson asset. The Noble Jim Thompson was awarded a contract with Hess in September 2014 and Noble has announced that this contract will now be transferred to the Noble Paul Romano semisub, which mobilise from the Canary Islands to begin drilling on or around 1st September 2015. David W. Williams, Chairman, President and Chief Executive Officer of Noble noted, "Rapidly declining crude oil prices during the fourth quarter further aggravated the offshore supply imbalance and contributed to an increasingly difficult environment for securing new contract commitments from our customers. Our financial performance in the quarter included an increase in idle time on several rigs, lower average daily revenues and margin contraction.

3 Feb 2015

Lamprell delivers newbuild jackup to Jindal

Lamprell Plc (“Lamprell”), a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company, on time and within budget. The contract for the Jindal Pioneer rig was signed .... [+ read more] in January 2013 and this is the second rig with the LeTourneau Super 116E (Enhanced) Class design which Lamprell has delivered to this client. This latest rig has been delivered following the completion of the first rig, the Jindal Star which successfully sailed away from Lamprell’s Hamriyah facility in Q4 2013 and is currently deployed in the Bombay high oilfield, run by India's Oil and Natural Gas Corporation (ONGC), offshore India. The Jindal Pioneer rig was officially named, and completion was marked, at a ceremony held at Lamprell’s Hamriyah facility in the United Arab Emirates in January. This rig is the 12th Super 116E jackup drilling unit that the Group has delivered to various clients during the last seven years. The Group currently has seven new build jackup rigs under construction at its Hamriyah facility and the construction of the further two new build jackup rigs recently awarded by another client are due to start shortly. Raghav Jindal, Managing Director, Dev Drilling Pte Ltd., commented: “The D.P. Jindal group continues to stride ahead in the upstream sector with the delivery of the “Jindal Pioneer”. This LeTourneau Super 116E rig is the second rig of its kind and the fifth new generation rig in our expanding fleet of high specification jack ups. We are confident that she will earn many laurels for the group in the coming decades and look forward to strengthening our relationship with Lamprell over the coming years with more advanced and versatile rig designs.”

2 Feb 2015

'Eirik Raude' semisub begins mobilisation to Falkland Islands

Rockhopper Exploration plc (“Rockhopper”), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that the drilling unit Eirik Raude has begun its mobilisation to the North Falkland Basin ("NFB") from West Africa. .... [+ read more]

1 Feb 2015

'HAI YANG SHI YOU 936' delivers quality service to Pemex

HAI YANG SHI YOU 936 (“HYSY 936”), a drilling platform managed by China Oilfield Services Limited (“COSL”) received a letter of endorsement from Petroleos Mexicanos (“PEMEX”) for the high quality services the platform exhibited when performing its operations. HYSY936 is now performing drilling operations for a high-temperature, high-pressure well which is a relatively more difficult for operations in the Mexican waters. .... [+ read more] This platform has strengthened measures in pre-empting and managing risks and introduced full workflow node quality management and control into day management work, thereby reinforced safety concepts in actual operations. The crew members working on the platform had been able to identify exceptional incidences during the operation stemming from operations by other service providers, and prevented an accident, thereby helped the client avoid huge economic losses that might otherwise incur. PEMEX highly endorsed and praised the platform crew members for their professionalism and the strong sense of responsibility to protect client’s interests. These high quality services helped COSL win further recognitions from the client.

28 Jan 2015

Lundin given green light to drill Alta appraisal well

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-2, cf. Section 8 of the Resource Management Regulations. Well 7220/11-2 will be drilled from the Island Innovator drilling facility in position 72°00`37.56" north and 20°26´09.12" east. The drilling programme for well 7220/11-2 relates to the drilling of an appraisal well in production licence 609. Lundin .... [+ read more] Norway AS is the operator with a 40% ownership interest, and the licensees are Idemitsu Petroleum Norge AS with 30% and RWE Dea Norge AS AS with 30%. The production licence consists of the blocks/parts of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. The production licence was awarded in the 21st licensing round in 2011. Wildcat well 7220/11-2 will be the second 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.

28 Jan 2015

Maersk Drilling takes delivery of third XLE jackup rig

Maersk Drilling has taken delivery of its third ultra harsh environment jack-up, XLE-3, from the Keppel FELS shipyard in Singapore ahead of schedule. The rig will start her mobilisation to the Norwegian North Sea in late February, where she after arrival, will commence a contract of four years firm with 2x1 year options with Statoil for development drilling on the Gina .... [+ read more] Krog field in the Norwegian North Sea. The rig, which will be named at a ceremony in Singapore in February, is the third 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 USD 2.6bn. The first three jack-up rigs have now been delivered from the Keppel FELS shipyard, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016.

23 Jan 2015

'Transocean Spitsbergen' to come off standby rate by spudding Snedfrid Nord prospect

Statoil has received consent to drill exploration well 6706/12-2. Statoil is the operator for production licence 218 in block 6706/12 in the Norwegian Sea. Statoil applied for consent to drill exploration well 6706/12-2 using Transocean Spitsbergen in a prospect named Snedfrid Nord. Drilling is planned to begin in February 2015, with a duration of 33 days, depending on whether a discovery .... [+ read more] is made.

22 Jan 2015

'Maersk Interceptor' begins Ivar Aasen drilling

The drilling rig Maersk Interceptor has commenced the drilling programme on the Ivar Aasen field in the North Sea. The campaign has a duration of three years and comprises a total of 15 wells in addition to three pilot wells. Det norske oljeselskap (“Det norske”) is the operator of the Ivar Aasen field (production licenses 001B, 028B, 242, 338 and 457). .... [+ read more] The drilling programme for the Ivar Aasen field kicks off with the drilling of three pilot wells for further mapping of the underground. The drilling of pilot wells will be concluded by the summer of 2015. The three upcoming pilot wells are important to the licensees. They will enable us to retrieve important reservoir information at an earlier stage. This will create added value for the Ivar Aasen licence, says Inge Sundet, the drilling manager for Ivar Aasen. The drilling campaign on Ivar Aasen will be carried out by the drilling rig Maersk Interceptor, the world’s largest jack-up rig. The rig has been contracted by Det norske for a period of five years, with an option of additional two years. The Ivar Aasen field is planned developed with a total of 15 wells; eight production wells and seven water injection wells. The Ivar Aasen field comprises three deposits: Ivar Aasen, West Cable and Hanz. Ivar Aasen is located west of the Johan Sverdrup field and contains 210 million barrels of oil equivalents. Production start-up is planned for the fourth quarter of 2016. The economic life of the field may be 20 years, depending on oil price and production trends. Det norske oljeselskap ASA is the operator for the Ivar Aasen development, holding a 34.7862 per cent interest in the field. Partners are Statoil, Bayerngas, Wintershall, VNG, Lundin and OMV.

22 Jan 2015

'Impetus' jackup delivered to Integradora de Servicios Petroleros Oro Negro

Hull No. P2040 (IMPETUS), was successfully delivered on 22nd Jan 2015 to Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. ("Oro Negro"). IMPETUS is the third in a series of six units of Pacific Class 400 high specification jack up drilling rigs ordered by Oro Negro. The naming ceremony of IMPETUS was held on 09th Jan 2015 in PPL Shipyard. .... [+ read more] The unit will now mobilise to Mexico, however, it is yet to be contracted for drilling services.

20 Jan 2015

'Caspian Driller' start up pushed back to late Q1 2015

Dragon Oil Plc (“Dragon Oil”) has released an operational update for the company’s onshore and offshore oil and gas operations, including drilling activity for the entirety of 2014. During 2014, Dragon Oil successfully drilled 14 development and appraisal wells, with activity ramping up in the 2H 2014. For its offshore drilling operations the company has been using the Neptune and Iran .... [+ read more] Khazar (Elima) jackup rigs. The delivery of the Caspian Driller jackup which was expected to occur in 2H 2014 has once again been delayed and the unit is now expected to begin operation in the Cheleken Contract Area in late Q1 2015.

20 Jan 2015

'Island Innovator' spuds Zulu prospect in Norway

Petrolia Norway AS, a 100% subsidiary of Petrolia SE has announced that drilling of exploration well 26/10-1 (Zulu) in PL674BS has commenced. The well will investigate the hydrocarbon potential of the Zulu prospect in PL674BS, located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km northeast of the Johan Sverdrup discovery. The main objective of well .... [+ read more] 26/10-1 is to test the reservoir properties and hydrocarbon potential of Miocene aged sandstones of the Utsira Formation in the Patch Bank Ridge. Operator Lundin Petroleum estimates the Zulu prospect to have the potential to contain unrisked, gross prospective resources of 153 million barrels of oil (MMboe). The planned total depth is 1,020 metres below mean sea level and the well will be drilled using the semisubmersible drilling unit Island Innovator. Drilling is expected to take approximately 25 days. Petrolia Norway holds 35 per cent working interest in PL674BS. Partners Lundin Norway, operator, and E.ON E&P Norge holds 35 and 30 per cent working interest respectively.

20 Jan 2015

Noble announces dry well at Madison prospect

Noble Energy has announced that it failed to discover any commercial hydrocarbons at its Madison prospect well in the US Gulf of Mexico. The well which was drilled to a total depth of 16,859 feet on Mississippi Canyon 479 has now been plugged and abandoned and the ENSCO 8501 drilling rig has been released. Noble spud the well in mid-October and .... [+ read more] had the ENSCO 8501 chartered at a rate around USD352,000 a day.

20 Jan 2015

Rowan Louisiana Sold

According to Rowan Companies’ January 2016 fleet status report, the jackup drilling rig, Rowan Louisiana was sold in Q4 2015. Details of the sale are unknown. .... [+ read more]

19 Jan 2015

PSA carries out audit on 'Leiv Eiriksson' semisub

The PSA has carried out an audit of groups at particular risk and emergency preparedness on Leiv Eiriksson. From 10 to 13 November 2014, the PSA carried out an audit of the efforts of Ocean Rig and RWE Dea to identify and follow up groups at potentially particular risk and emergency preparedness on the Leiv Eiriksson mobile drilling facility. RWE Dea .... [+ read more] is the operator of production licence PL420 in block 35/9 in the northern North Sea. RWE Dea has a contract with Ocean Rig to use Leiv Eiriksson to drill an exploration well in a prospect named Atlas. The purpose of the audit was to verify that Ocean Rig had established a systematic management system for occupational health and safety and emergency preparedness, and that, as the operator, RWE Dea had followed up its obligations to ensure that Ocean Rig complies with the regulatory requirements in these areas. The audit revealed non-conformities relating to; management system for OHAS and emergency preparedness, roles and clarification of responsibilities in respect of OHAS on the facility, competence and communication in the OHAS domain, information on emergency preparedness analyses and knowledge of performance requirements, assessments in the emergency preparedness analysis, the certificates for the MOB boat and davits, employee participation and the principal's supervisory responsibility.

19 Jan 2015

First oil from Bøyla field

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that first oil from the Bøyla field has been achieved. The Bøyla field commenced production on 19 January 2015. The Bøyla field, located on PL340 in the Norwegian sector of the North Sea, is a subsea tie-back to the Alvheim field where Lundin Petroleum has a 15 percent non-operated interest. The Bøyla .... [+ read more] field is estimated to contain gross reserves of 23 million barrels of oil equivalents and is expected to produce at a gross peak rate of approximately 20,000 barrels of oil equivalent per day (boepd) once the second production well has been completed, although the plateau rate is expected to be somewhat lower. The drilling operations on the second production well were suspended in late 2014 and the Transocean Winner semisubmersible rig will return to complete the well during the second quarter of 2015 with startup of this well expected by mid-year 2015. The production facility for the Bøyla field is the Alvheim FPSO which is owned by the Alvheim field partners. In addition to the Alvheim and Bøyla fields, the Volund and Vilje fields are also producing to the Alvheim FPSO. Ashley Heppenstall, President & CEO of Lundin Petroleum comments; “With the successful start-up of the Bøyla field on the 19th January 2015 Lundin Petroleum has now successfully brought onstream two of the four development projects which collectively are forecast to bring Lundin Petroleum’s production level to more than 75,000 boepd by the end of 2015. The two ongoing development projects, Bertam offshore Malaysia and Edvard Grieg offshore Norway, continue to progress according to plan and are scheduled to achieve first oil in the second and fourth quarters of 2015 respectively.” Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum, has a 15 percent interest in PL340. Det norske oljeselskap ASA is the operator of PL340 and has a 65 percent interest and Core Energy AS has a 20 percent interest.

19 Jan 2015

Statoil to drill on Gudrun field with 'West Epsilon'

Statoil has received consent to use West Epsilon for production drilling on the Gudrun field. Gudrun is 50 kilometres north of the Sleipner Øst and Sleipner Vest fields. Water depth is around 110 metres. Gudrun has been developed using a facility with a steel jacket and first stage processing. It is tied to Sleipner A through two pipelines, one for oil .... [+ read more] and one for rich gas. Statoil formerly received consent to use West Epsilon for drilling and completion of well 15/3 on the Gudrun field and has now received consent to drill the remaining sections of well 15/3 – A- 14. The PSA has now granted Statoil consent to use the West Epsilon mobile drilling facility for these activities. West Epsilon is operated by North Atlantic Drilling, formerly known as Seadrill Offshore AS.

19 Jan 2015

CIMC making progress with 'North Dragon' construction

On 19th January 2015, North Dragon, the North Sea semi-submersible drilling rig being built by CIMC Raffles for North Sea Rigs AS was successfully assembled in Yantai Shipyard. It is the first semi-submersible drilling rig capable of operating in Arctic areas that is being fully constructed in a Chinese shipyard. The North Dragon is designed to operate in water depths of .... [+ read more] 500 meters, up to 1,200 meters and will be able to drill to depths of 8,000 meters. It is equipped with Rolls & Royce power system, Kongsberg DP3 dynamic positioning system, Siemens electronic control system and NOV drilling system. Drilling section applies offline stand building system, which can connect three Drill-pipes or risers together at the same time of Drilling works going on, and adopts Horizontal automatic Hydraracker design, promoting the drilling efficiency 15%. The rig is being built based on the GM4-D design. CIMC Raffles has completed the basic design together with Global Maritime, with 80% Intellectual Property Rights.

16 Jan 2015

Repsol completes drilling of Sandia-1 well

Repsol has announced that the company has completed the drilling of an exploration well in the Canary Islands. On 11th January, a total depth of 3,093 metres (882 metres of water depth and 2,211 metres of subsoil) was reached and the collection of data on the traversed geological formations was completed. The well will be sealed throughout the next week under .... [+ read more] the strictest safety protocols, the same that have been applied during the entire exploratory drilling campaign. Around 750 professionals from over 50 companies have worked on the research project, applying the highest safety and environmental protection standards at all times. At the start of this campaign, Repsol estimated the possibility of finding hydrocarbons at between 15% and 20%. The company carried out the campaign in the belief that a discovery of hydrocarbons would be beneficial for the Spanish economy. The excellence of all operations related to this campaign was achieved thanks to the deployment of top professionals – not only from Repsol, but also from other contracted companies, some of them from the Canary Islands – and the use of cutting-edge technology such as the Rowan Renaissance dynamically-positioned UDW drillship, which was supported by four other vessels. Repsol has great experience in offshore exploration. The company’s reserve replacement ratio (the amount of reserves added by the company compared to the production) was 204% in 2012 and 275% in 2013, among the highest in the industry.

16 Jan 2015

Stacking and retirement activity set to rise as oil price decline combines with oversupplied rig market

On the 15th January 2015, Transocean, Noble and Diamond Offshore all released copies of their new company fleet reports. Depressed activity within the offshore drilling space continues to force rig managers to assess their fleet capabilities in order to maintain their utilisation rates. The situation has been exacerbated by the declining oil price and as such forced managers to accelerate .... [+ read more] retirement and stacking plans, which is evident in the three reports released. Transocean, fresh from retiring 11 semisub units in December 2014 announced the retirement of the Discoverer Seven Seas drillship, whilst also indicating that the Transocean Rather semisub has now been put up for sale. Transocean also noted decreased dayrates for a number of its operational units as well as Statoil’s decision not to exercise an option to prolong the contract for the Transocean Spitsbergen which expires in July 2015. Whilst Transocean has been active in retiring a number of its older units, Noble and Diamond have both decided to cold stack units in January 2015. Noble announced the decision to stack both the Noble Paul Wolff and Noble Driller units, as Diamond chose to stack the Ocean Worker, which is currently enroute to the USA following the completion of its contract with Petrobras in Brazil. Retirement and stacking activity is expected to continue to rise throughout Q1 2015, as other rig managers also announce decisions about their older operational units

16 Jan 2015

Lundin receives permit to drill Luno II North

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/4-9 S (Luno II North), cf. Section 8 of the Resource Management Regulations. Well 16/4-9 S will be drilled from the Bredford Dolphin drilling facility in position 58°42’22.76’’ north 02°09’55.07’’ east in the central North Sea. The drilling programme for well 16/4-9 S relates to the drilling .... [+ read more] of a wildcat well in production licence 359. Lundin is the operator with an ownership interest of 50 per cent. The other licensees are OMV (Norway) AS with 20 per cent, Statoil Petroleum AS and Wintershall Norge AS, each with 15 per cent. The area in this licence consists of the southwestern part of block 16/1 and the northern half of block 16/4. The well will be drilled 4.4 kilometres northwest of the discovery well, 16/4-6 S (Luno II). Luno II North is the first of ten E&A wells that Lundin plan to spud in Norway throughout 2015.

15 Jan 2015

PSA investigates Maersk Giant liftboat incident

The PSA has decided to investigate the lifeboat incident which occurred on the Mærsk Giant mobile drilling facility on 14 January 2015. The incident occurred during testing of the lifeboat systems on the Mærsk Giant mobile drilling facility. Mærsk Giant is equipped with conventional lowered lifeboats. During testing, one of the lifeboats was unintentionally lowered to the sea. The lifeboat then .... [+ read more] drifted underneath the facility. The wire rope which the lifeboat was lowered on wore through. Following the incident, the lifeboat drifted away from Mærsk Giant with an emergency vessel as escort. There were no personnel on board the lifeboat when the incident occurred. The PSA takes a serious view of the incident, and has decided to undertake an investigation. The object of our investigation is to ascertain the sequence of events, proximate and underlying causes, actual and potential consequences and to identify any regulatory breaches. The intention is to contribute to learning and transfer of experience – and thereby to help prevent similar incidents. The investigation will result in a report that will be published on ptil.no. The PSA's investigation team began its work on 14 January. Mærsk Giant is presently positioned on the Yme field in the southern North Sea. Talisman Energy Norge AS has consent from the PSA to use Mærsk Giant as living quarters in connection with preparations for removing the Yme facility.

15 Jan 2015

Ocean Rig announces full financing for Ocean Rig Apollo

Ocean Rig UDW Inc. (NASDAQ:ORIG) ( “Ocean Rig”), a global provider of offshore deepwater drilling services, announced today that it has received firm commitments from lenders for up to a USD475 million syndicated secured term loan to partially finance the construction costs of the Ocean Rig Apollo. The facility amount is for the lesser of USD475 million and 70% of the .... [+ read more] fair market value of the drillship. This facility has a five year term, and approximate 12 year repayment profile, and bears interest at LIBOR plus a margin. This financing is led by DNB and the lending syndicate consists of DVB Bank and potentially other commercial lenders as well as the Import-Export Bank of Korea (KEXIM).

15 Jan 2015

'Jap Driller 1' delivery will be delayed

Jap Drilling 1 Ltd., the 100% subsidiary of Halling Offshore Ltd. (“Halling”) that entered into a construction contract with Shanghai Zhenhua Heavy Industries Ltd (“ZPMC”) for a JU-2000E jackup rig has announced that delivery of the unit will be delayed. Jap Driller 1 was originally scheduled to be delivered in March 2015, however, due to the downturn in the offshore drilling .... [+ read more] market and with no contract in place the unit’s delivery has been delayed. Halling paid a 2% instalment for construction of the rig, with the remaining 98% due upon delivery. The length of the delay is unclear.

14 Jan 2015

'Byford Dolphin' to head to H&W for SPS

Harland and Wolff (“H&W”) has announced it has been awarded the contract award for the dry docking and Renewal / Special Periodic Survey of the Byford Dolphin Mobile Offshore Drilling Unit (“MODU”) by Aberdeen-based Dolphin Drilling Limited (“Dolphin”). Following on the successful completion of its sister rig the Blackford Dolphin in 2014, the Byford Dolphin project is expected to commence .... [+ read more] early in 2015. H&W and Dolphin will implement an integrated project organisation dedicated solely to the successful execution of the project covering the many disciplines, aspects and subcontractors of the scope. Last in Belfast during 2004/2005, this Aker-H3 design semi-submersible drilling rig will have several major modifications and upgrades including the fabrication and addition of 2 new columns and 4 buoyancy boxes for stability and deck load improvements, fitting of a new larger blow out preventer (BOP) requiring underdeck stiffening and the fabrication and installation of a new BOP control house and installation of new drill string handling equipment. The project will also include numerous standard renewal and maintenance scopes of work such as repairs, renewals and refurbishment of pipework, steelwork, anodes, drilling equipment, electrical systems, propulsion machinery and accommodation areas. H&W have already begun an intense 3 month period of pre-fabrication where new steel sections will be constructed in advance of the rig arrival.

14 Jan 2015

'North Dragon' hull successfully launched

CIMC Raffles (“CIMC”) shipyard in China, has announced that the successful launch of the upper hull of the GM4-D North Dragon semisubmersible drilling rig was completed on 12th January 2015. The under construction unit is being built for North Sea Rigs AS and is the eighth semisubmersible rig being constructed by CIMC in China. Its lower hull was launched on 30th .... [+ read more] October 2014.

13 Jan 2015

Statoil given go ahead to drill Knappen prospect

Statoil has received consent to carry out exploration drilling of well 16/7-11. Statoil is the operator for exploration licences PL 072 B and PL 072 D in block 16/7 in the central North Sea. Statoil has applied for consent to drill exploration well 16/7-11 in a prospect named Knappen. Drilling is scheduled to start in February 2015. In the event of .... [+ read more] a discovery, a sidetrack will also be drilled and the well will be production-tested. Water depth at the site is 80.5 metres.

12 Jan 2015

Northern Offshore cancels 'Energy Searcher' contract

Northern Offshore, Ltd. (“Northern Offshore”) has announced that it intends to file a USD50 million compensation claim against Camac Energy (“Camac”) after cancelling the US operator’s contract for the drillship Energy Searcher. Northern Offshore said in a statement that Camac’s Nigerian affiliate Oceanic Consultants had “breached various terms of the drilling contract” and that is had issued a notice a of .... [+ read more] contract termination on 2nd January 2015. Camac recently contracted the Sedco Express semisub from Transocean in order to accelerate the tie-in of production from the Oyo-7 and Oyo-8 wells. Northern Offshore hopes to have demobilised the Energy Searcher by the end of January 2015.

12 Jan 2015

Atwood secures contract for 'Atwood Mako'

Atwood Oceanics, Inc. (“Atwood”) announced today that the company has secured a short term contract for its Atwood Mako jackup. The contract is for a period of 70 days and includes a priced option period. Atwood did not release details of the contractor or the country of operation, instead the company highlighted that the unit would continue to work in South .... [+ read more] East Asia, at a rate of USD155,000 a day. The unit will mobilise to its new location and begin the contract upon completion of its current contract with EnQuest in Malayisa.

8 Jan 2015

Ocean Rig and Eni agree to new drillship deals

Ocean Rig UDW Inc. (“Ocean Rig”), a global provider of offshore deepwater drilling services, announced today that some of its subsidiaries have entered into an Omnibus Agreement (“Agreement”) with ENI Angola S.p.A (“ENI”) pursuant to which ENI has exercised its option to extend the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of .... [+ read more] 2017. As part of the contract extension for the Ocean Rig Poseidon, Ocean Rig has agreed to adjust the existing dayrate of the Ocean Rig Poseidon contract in exchange for ENI agreeing to enter into two contracts (“New ENI Contracts”) for the employment of one or more of Ocean Rig’s available drillships in West Africa starting in the first quarter of 2015 for an aggregate period of approximately 8 months. As a result of this Agreement the total contract backlog of Ocean Rig has increased by approximately USD187 million. The Agreement outlined above remains subject to customary closing conditions including the approval by national authorities which we expect will be obtained before the end of the first quarter of 2015.

7 Jan 2015

Maersk spuds Tvillinen South prospect

North Energy ASA (“North Energy”) a partner in production licence 510 in the Norwegian Sea has announced that Maersk Oil has begun exploration drilling on the Tvillingen South prospect. The prospect is located on the Haltenbanken in the Norwegian Sea, approximately 28 km southeast of the Kristin field. The well, 6406/6-4, will be drilled with Leiv Eiriksson. Partners in the licence .... [+ read more] are Maersk Oil Norway AS (operator with 50 per cent), Edison International Norway Branch (30 per cent) and North Energy (20 per cent).

6 Jan 2015

Chevron announces oil discovery at anchor prospect

Chevron Corporation (“Chevron”) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year. "The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had one of our best .... [+ read more] years with the drill bit in 2014, reporting more than 30 discoveries worldwide and adding an estimated one billion barrels of new resources to our holdings," said Jay Johnson, senior vice president, Upstream, Chevron Corporation. The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. The well, which was spudded in August 2014, is located approximately 140 miles (225 km) off the coast of Louisiana in 5,183 feet (1,580 m) of water and was drilled to a depth of 33,749 feet (10,287 m). Appraisal drilling will begin in 2015. Chevron used the Pacific Santa Ana drillship to drill the Anchor prospect. Chevron subsidiary Chevron U.S.A. Inc. is the operator, with a 55 percent working interest in the Anchor prospect. Anchor co-owners are Cobalt International Energy, Inc. (20 percent), Samson Offshore Anchor, LLC (12.5 percent); and Venari Resources LLC (12.5 percent).

6 Jan 2015

Lundin comes up dry at Kopervik

Lundin Petroleum AB (“Lundin”), through its wholly owned subsidiary Lundin Norway AS (“Lundin Norway”), has announced the successful completion of the 2/10-12S wildcat (Kopervik) well in Norway. The well is being plugged and abandoned as a dry hole. The Kopervik prospect lay in PL625 and is approximately 20km northwest of the Johan Sverdrup discovery. The well encountered Hugin Fm sandstones with .... [+ read more] very good reservoir quality and poorer developed sands in the Draupne Fm. The upper part of the Upper Jurassic was cored and the entire pre-Cretaceous sequence pressure sampled. Oil shows were observed in cores. The well was drilled by the Island Innovator semisub to a total depth of 2,540 metres. Upon completion of the well, the rig will move to drill the Zulu prospect in PL 674BS.

6 Jan 2015

PSA approves consent for 'Island Innovator' to drill Gemini prospect

Lundin Norway AS (“Lundin”) has received consent to carry out exploration drilling of well 16/1-24. Lundin is the operator for production licence PL 338 in block 16/1 in the central North Sea. Lundin has applied for consent to drill exploration well 16/1-24 in a prospect named Gemini. Drilling is scheduled to begin in January 2015 and will last 46 days if .... [+ read more] no discovery is made. In the event of a discovery, a sidetrack will also be drilled and the well will be production-tested. Water depth at the site is 135 metres.