Statoil to drill Porcupine basin prospect off Ireland


By the OGJ Online Staff


LONDON, Mar. 9�Transocean Sedco Forex Inc.'s drilling rig Sovereign Explorer will spud the first exploration well on the Sarsfield prospect on the Irish continental shelf for Statoil AS late this spring, the Irish unit of the Norwegian state-owned oil and gas confirmed said Friday.

Sarsfield is on exploration block 35/21 in the Porcupine basin west of Ireland in 650 m of water. An earlier well drilled for Statoil in the area, in Connemara field, suggested the prospect would not be "profitable" to develop.

TSF's semisubmersible is scheduled to arrive at the field in May to begin what currently is viewed as a one-well program.

A 3D seismic program was shot over the block in the summer of 1998.

Partners in exploration license 8/95, which covers five area blocks, are operator Statoil, Conoco Inc.'s North Sea E&P arm Conoco UK, Enterprise Energy Ireland Ltd., and Dana Petroleum PLC. Statoil said it would be releasing a full breakdown of the coventurers' percentage interests "in the coming weeks."

Meanwhile, Statoil reported that an exploration well drilled on the Delta structure south east of the Barents Sea Snøhvit field has come up dry. The hole was drilled to prove oil in the Jurassic sandstone of the Block 7121/5 structure.

TSF's Transocean Arctic semisubmersible drilled the hole to 2,265 m TD into the Triassic.

"Only traces of oil and gas in the Jurassic and Triassic sandstone layers were proven," said Erik Henriksen, Statoil's exploration manager for the Barents Sea.

"The result was disappointing, and the possibility of developing the petroleum resources in the Snøhvit area has been weakened," he acknowledged.

Statoil collected around 60 m of core samples and logged the well extensively. Statoil is the operator for production license 110 in block 7121/5, one of seven licenses in the Snøhvit area.

Related Articles

Chesapeake’s $4-4.5 billion capex down 37% vs. last year

02/25/2015

Chesapeake Energy Corp., Oklahoma City, is budgeting total capital expenditures, including capitalized interest, of $4-4.5 billion for 2015.

New regulator lists UKCS ‘priority actions’

02/25/2015 The UK’s Oil and Gas Authority, responding to calls from industry and the government for prompt support of UK Continental Shelf (UKCS) exploration ...

Grizzly files OSCA application with AER for Thickwood

02/25/2015

Grizzly Oil Sands ULC, Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Thickwood project.

BLM moving toward strategy for Greater Sage Grouse, Jewell says

02/25/2015 Calling it a remarkable example of federal, state, and local cooperation, US Sec. of the Interior Sally Jewell said the US Bureau of Land Managemen...

Encana trims additional $700 million from 2015 capital budget

02/25/2015 Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion “to maintain a solid balance sheet a...

Hickenlooper’s siting task force calls for more local consultation

02/25/2015 Colorado Gov. John W. Hickenlooper’s (D) oil and gas siting taskforce called for more consultation and greater involvement with local communities o...

Waterflooding boosts oil production at Nimr-C in Oman

02/25/2015

Waterflooding has increased oil production from Nimr-C field in southern Oman sixfold in 4 years, Petroleum Development Oman (PDO) reported.

Santos-Inpex JV gains permits in Browse basin

02/25/2015 A joint venture of Santos Ltd. and Inpex Corp. has been awarded two exploration permits in the Browse basin offshore Western Australia, about 500 k...

UKCS report cites need for deep cost cuts

02/24/2015

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK’s Activity Survey 2015.

White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


Cognitive Solutions for Upstream Oil and Gas

When Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected