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More Oil & Gas Exploration and Development News

Industry bids for 4.4% of central gulf acres offered

Mar 20, 2013

A total high bonus of $1.2 billion at Central Gulf of Mexico Sale 227 masked the fact that oil and gas companies made only 407 bids on 320 of the 7,299 blocks offered.

Smorbukk South Extension work due off Norway

Mar 20, 2013

Statoil and partners have approved development of the Smorbukk South Extension in the Asgard unit in the central Norwegian Sea.

More federal leasing needed to make energy R&D idea work, experts say

Mar 20, 2013

The Obama administration will need to open more onshore and offshore federal acreage to oil and gas development if it expects a proposed energy security research trust fund to work, experts agreed during a discussion of the concept Securing America’s Future Energy originally offered as part of its proposed national energy security strategy on Dec. 3, 2012.

Shenandoah appraisal cuts more than 1,000 net ft of oil pay

Mar 19, 2013

The Shenandoah-2 appraisal well in the deepwater Gulf of Mexico has encountered more than 1,000 net ft of oil pay with “reservoir rock and fluid properties of much higher quality than previously encountered by industry in Lower Tertiary discoveries,” said Anadarko Petroleum Corp.

 

Brazil: Solimoes well targets Carboniferous, Devonian

Mar 19, 2013

A unit of HRT Participacoes em Petroleo SA, Rio de Janeiro, has spudded the 1-HRT-11-AM exploratory well on the Cajazeira prospect on the SOL-T-172 block in Brazil’s Solimoes basin.

Cairn takes 7,490 sq km farmout offshore Senegal

Mar 19, 2013

Cairn Energy PLC will take a farmout from an Australian company and become operator of three exploratory blocks offshore Senegal.

Sierra Leone: Offshore 2D seismic acquisition starts

Mar 19, 2013

TGS-NOPEC Geophysical Co. has begun shooting 9,191 km of 2D multiclient seismic offshore Sierra Leone.

RWE Dea eyes subsea development for Zidane

Mar 18, 2013

RWE Dea Norge AS and partners have decided to use subsea wells tied back to the platform on Heidrun oil and gas field to develop their Zidane natural gas discovery on the Halten Bank offshore Norway (OGJ Online, Dec. 8, 2010).

New South Wales sets up coal seam gas exclusion zones

Mar 18, 2013

The government of New South Wales plans to establish 2-km exclusion zones around towns in the state with populations above 1,000 or more people to keep coal seam gas exploration and production activity away from residential areas.

Statoil, ExxonMobil hit more gas on Tanzania Block 2

Mar 18, 2013

Statoil ASA and ExxonMobil Corp. have discovered gas at a third deepwater well, estimated to have 4 to 6 tcf of gas in place, on Block 2 offshore Tanzania.

Illinois: Horizontal well eyed in dolomite below New Albany

Mar 18, 2013

Strata-X Energy Ltd., Golden, Colo., plans to drill a horizontal well in the Illinois basin to test for oil in an undisclosed dolomitic formation below the Devonian New Albany shale.

Mitsui to buy quarter stake in Italy's Tempa Rossa field

Mar 18, 2013

Mitsui & Co. Ltd., Tokyo, will acquire Total SA’s Italian subsidiary that holds a 25% participating interest in supergiant Tempa Rossa oil field in southern Italy, the largest proved undeveloped onshore oil field in Western Europe, from which production is projected to start in 2016.

Jewell pledges to seek common ground as Interior secretary

Mar 18, 2013

Sally Jewell, US President Barack Obama's nominee for Interior secretary, told a US Senate committee she would try to bring differing sides together to find common ground that satisfies both resource development and conservation needs.

Exploration/Development Briefs

Mar 18, 2013

NPD ups eastern Barents, Jan Mayen resource estimates

Mar 18, 2013

A resource assessment of the southeastern Barents Sea offshore Norway and the area surrounding Jan Mayen Island northeast of Iceland indicates a 15% increase in estimated undiscovered resources on the Norwegian Continental Shelf to 390 million standard cu m of oil equivalent, the Norwegian Petroleum Directorate said.

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