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Exploration Development 2013 P2

  • Mon Nov 18 09:45:00 CST 2013 -- Thailand: Mubadala spuds Gulf of Thailand wildcat
    A group led by Mubadala Petroleum’s MP G1 (Thailand) Ltd. unit has spudded the Malida-1 exploratory well on the G1/48 concession in the northern Gulf of Thailand 160 km south of Bangkok and 5 km northeast of Manora oil field.
  • Mon Nov 18 09:34:00 CST 2013 -- Morocco: Essaouira basin exploratory well spuds
    Longreach Oil & Gas Ltd. has spudded its operated Koba-1 exploratory well on the Sidi Moktar license in Morocco’s Essaouira basin.
  • Fri Nov 15 11:05:00 CST 2013 -- HTD reservoir flows gas in Quebec St. Lawrence Lowlands
    A stratigraphic corehole in the Mitis River area of Canada’s St. Lawrence Lowlands southeast of Rimouski, Que., has encountered natural gas flows from a permeable and porous zone in the Lower Silurian Sayabec formation at 1,874 m.
  • Wed Nov 13 10:52:00 CST 2013 -- Venoco gauges oil at Coal Oil Point, sees further potential
    Venoco Inc., Denver, said it has tested oil briefly from the Coal Oil Point geologic structure in the 3242-19 well drilled northeastward from Platform Holly in California’s Santa Barbara Channel and sees further potential on the structure.
  • Wed Nov 13 10:37:00 CST 2013 -- Nicaragua: Infinity to shoot 2D, 3D seismic in Caribbean
    Infinity Energy Resources Inc., Overland Park, Kan., has let a contract to CGG to shoot and process 2D and 3D seismic on Infinity’s oil and gas concessions in the Caribbean offshore Nicaragua.
  • Wed Nov 13 10:25:00 CST 2013 -- Brazil: Campos basin presalt 3D survey planned
    TGS-NOPEC Geophysical Co. and Dolphin Geophysical will shoot a multiclient 3D survey designed to image presalt plays in the Campos basin offshore Brazil.
  • Tue Nov 12 12:24:00 CST 2013 -- Argentina: Neuquen Coiron Amargo Sur block extended
    Neuquen Province in Argentina has extended the exploration period for the Roch SA-operated Coiron Amargo Sur block by 1 year until Nov. 8, 2014, said 35% working interest owner Madalena Energy Inc., Calgary.
  • Tue Nov 12 10:31:00 CST 2013 -- Papua New Guinea: InterOil eyes exploratory work
    InterOil Corp., Houston, looks forward to a program of geophysical surveys and exploratory drilling in Papua New Guinea.
  • Mon Nov 11 10:39:00 CST 2013 -- Statoil makes third Norwegian Sea oil discovery
    Statoil ASA and its partners in PL 348/348B have made an oil discovery 15 km northeast of Njord field in the Norwegian Sea’s Snilehorn prospect.
  • Mon Nov 11 09:29:00 CST 2013 -- Caracal-Glencore pumping oil from Chad’s Badila field
    Caracal Energy Inc., Calgary, said oil production began from Badila field in southern Chad on Sept. 30 and as of Nov. 6 was being pumped through a pipeline at a rate of 5,100 b/d.
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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.

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