More Oil & Gas Exploration and Development News

Turkmenistan: Dragon ramping up Caspian oil output

Nov 5, 2013

Dragon Oil PLC said its oil production averaged 74,300 b/d in the quarter ended Sept. 30 from Lam and Zdanov fields in the 950 sq km Cheleken contract area at the eastern end of the Apsheron ridge in the Caspian Sea offshore Turkmenistan.

Iraq: Kuwait Energy, Dragon Oil to drill on Block 9

Nov 5, 2013

Kuwait Energy Co. and Dragon Oil PLC have secured a rig from Iraqi Drilling Co. to spud an exploratory well on Block 9 in Iraq’s Basra Province in this year’s last quarter.

Afghanistan: Dragon groups to explore two blocks

Nov 5, 2013

Groups led by Dragon Oil PLC and Turkey’s state Turkiye Petrolleri AO plan to explore two blocks in northwestern Afghanistan.

Apache farms into onshore Canning basin

Nov 4, 2013

Apache Energy has signed a binding agreement with Buru Energy Ltd. and Mitsubishi for Apache to farm into the latter two companies’ onshore Canning basin acreage in northwest Western Australia.

Statoil farms out licenses in Faroe Islands, NCS to OMV

Nov 4, 2013

Statoil has signed an agreement to farmout five exploration licenses in the Faroe Islands and two in Norway to the Austrian oil and gas company OMV.

OGJ Newsletter

Nov 4, 2013

International news for oil and gas professionals

MOL declares Iraq Kurdistan Akri-Bijeel block commercial

Nov 4, 2013

MOL Group’s Kalegran Ltd. subsidiary declared commercial the Akri-Bijeel block in the Kurdistan region of Iraq based on two oil discoveries and tests that confirm long-term production sustainability.

Congo (Brazzaville): Farmout to SOCO to include exploratory well

Nov 4, 2013

SOCO International PLC will take a farmout from a unit of PA Resources AB, Stockholm, to earn a 60% working interest in the Mer Profonde Sud permit offshore Congo (Brazzaville).

Texas-West: Horizontal Clearfork shale results promising

Nov 4, 2013

Diamondback Energy Inc., Midland, Tex., said its Digger 601H well in Andrews County, Tex., tested at a 24-hr rate of 611 b/d of oil equivalent, 87% oil, from a 7,541-ft lateral in the Clearfork shale.

Applying gamma-ray logs to a carbonate reservoir: a Pakistan Potwar basin example

Nov 4, 2013

Reservoir rocks (carbonates and sands) are mainly sedimentary in nature with interconnected pore spaces (permeability), reflecting the ease with which hydrocarbons can flow in the rock, but the presence of clay minerals or shale in reservoir rocks creates problems while interpreting well logs.

Alaska: Miller rework boosts Cook Inlet oil output

Nov 1, 2013

Miller Energy Resources Inc., Huntsville, Tenn., said production from the Osprey platform in Alaska’s Cook Inlet is producing at more than 2,500 b/d of oil equivalent as the result of the RU-5B sidetrack well being brought online at 250 b/d of oil.

Colorado: Nighthawk farms out unconventional play

Oct 31, 2013

Nighthawk Energy PLC has farmed out 4,572 acres of its 100% owned Jolly Ranch project in Lincoln County, Colo., in the Denver basin to an undisclosed Denver farmee.

Victoria expands Cameroon industrial gas sales network

Oct 30, 2013

Victoria Oil & Gas PLC said that Logbaba gas-condensate field onshore Cameroon, operated by the company’s Rodeo Development Ltd. subsidiary, is estimated to hold sufficient proved and probable reserves to supply an average 20 MMscfd of gas to industrial customers until 2043.

Petrobras drills 26-km stepout to 2008 Santos presalt discovery

Oct 30, 2013

A group led by Petroleo Brasileiro SA has proved an extension of the 2008 Jupiter presalt oil and gas-condensate discovery in the deepwater Santos basin offshore Brazil, from which production is expected to begin in 2019.

Hindustan Oil group to develop Assam-Arakan gas-condensate field

Oct 30, 2013

Three Indian state concerns led by Hindustan Oil Exploration Co. Ltd., Mumbai, will develop the Dirok gas-condensate discovery on Block AAP-ON-94/1 in the Assam-Arakan basin as soon as they receive regulatory approvals for the development-production phase, HOEC said last month.

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