Exploration/Development Briefs

Oct. 31, 2011

Brazil

Brookwater Ventures Inc., Calgary, has retained Geopex Consultoria, Salvador, Brazil, on an exclusive basis to aid in exploring Reconcavo basin Block REC-T-166 and to participate in the ANP 11th bid round.

Brookwater said Sonangol Starfish Oil & Gas SA, a subsidiary of Angola's state oil company, operator with 40% working interest, will spud an exploratory well on Block 166 in the last quarter of 2011. Brookwater's Brazilian subsidiary, Agua Grande Exploracao e Producao de Petroleo Ltda., has 30% working interest in Block 166, and Somoil Internacional de Petroleo do Brasil Ltda. has 30%.

The 1-MAC-1-BA well is to target the Macauba prospect, identified after proprietary 3D seismic was procured by the concessionaires. The well is intended to evaluate four targets to a planned total depth of 2,500 m.

Egypt

Melrose Resources PLC plans to drill a 3D seismic prospect in the underexplored Cretaceous oil play in Egypt's onshore Nile Delta in the fourth quarter of 2011.

Al Hajarisah is one prospect the company identified on the Southeast Mansoura concession among multiple oil prospects and leads.

France

Noble Energy Inc., operator of the Rhone Maritime concession in the Mediterranean off France, may shoot 3D seismic on the block depending on the outcome of detailed interpretation of the blockwide 7,500 km of 2D survey.

Initial data analysis is focused on the postsalt Pliocene and presalt Miocene sections that have yielded material discoveries elsewhere in the Mediterranean and has already indicated the presence of large structures, said Melrose Resources PLC, which has 27.5% interest in the block.

Guinea

Hyperdynamics Corp., Houston, has spudded Sabu-1, the first of two wildcats on its 25,000 sq km concession off Guinea.

The Jasper Explorer drill ship is to take the well to 3,600 m in 700 m of water to evaluate a four-way anticline oil prospect in Upper Cretaceous sands. The vessel will then move to drill Baraka-1.

Hyperdynamics is operator of the concession with 77% interest, and Dana Petroleum PLC, Aberdeen, a subsidiary of Korea National Oil Corp., has 23%.

Iraq

Iraq has given final approval to the Akkas gas field development project in the Western Desert in Anbar Province near the border with eastern Syria.

Korea Gas Corp. will submit a development plan within 6 months for the field, estimated to contain 5.68 tscf of initial gas in place (OGJ, Oct. 3, 2011, p. 86). Development work may not begin for a year or more, press reports said.

Kogas has 75% interest in Akkas, and Iraq's state North Oil Co. has 25%. Early exploratory drilling in the area dates to the early 1990s.

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