More Oil & Gas Exploration and Development News

Libra presalt rights awarded offshore Brazil

Oct 21, 2013

A consortium of majors has won a 35-year production-sharing contract to develop the Libra presalt oil discovery in the Santos basin offshore Brazil.

Exploration/Development Briefs

Oct 21, 2013

Polar licenses ConocoPhillips North Slope seismic data

Oct 21, 2013

Polar Petroleum Corp., Anchorage, has signed a charter agreement seismic data use license with ConocoPhillips and ConocoPhillips Alaska Inc. to purchase a license for the use of 2D geophysical data related to the Alaska North Slope.

Repsol groups adds Libya Murzuk light oil find

Oct 21, 2013

A group led by Repsol has added a light oil discovery on the 4,400 sq km NC 115 block in the Murzuk basin in the Sahara 800 km south of Tripoli, Libya.

Brunei: Noncommercial gas flows at onshore prospect

Oct 18, 2013

Serinus Energy Inc., Calgary, is moving the drilling rig to its Luba well location on onshore Brunei Block L after the Lukut Updip-1 well flowed at noncommercial rates estimated at less than 50 Mcfd from a secondary objective after failing to reach its primary target.

Australia needs to broaden energy strategy, UQ professor says

Oct 18, 2013

A strategy that established renewable energy targets did not keep Australia from becoming as polarized—and paralyzed—as the US in the energy and climate-change debate, the director of the University of Queensland's Energy Initiative told a Washington, DC, audience.

Tethys Petroleum updates Kazakhstan exploration

Oct 18, 2013

Tethys Petroleum Ltd. has provided a status report of its exploratory drilling, seismic, and shallow gas programs on and around the Akkulka block in the Caspian region of Kazakhstan.

Mozambique: Anadarko eyes geotechnical studies

Oct 18, 2013

Anadarko Petroleum Corp. has let a contract to Benthic, Houston, for a deepwater geotechnical investigation in support of the Prosperidade and Gulfinho gas developments offshore Mozambique.

Rosneft, CNPC sign East Siberia pact

Oct 18, 2013

OAO Rosneft and China National Petroleum Corp. have signed a memorandum for a joint venture on upstream projects in East Siberia.

Chaparral to acquire Cabot’s Anadarko Marmaton assets

Oct 17, 2013

Chaparral Energy Inc., Oklahoma City, will double its holdings in the Oklahoma Panhandle Marmaton play with acquisition from Cabot Oil & Gas Corp. of 66,000 net acres and 2,000 b/d of oil equivalent production for $160.1 million.

Gazprom Neft claims seismic sensor mark in Iraq

Oct 17, 2013

Gazprom Neft of Russia has claimed a record for transmitting wireless seismic data from more than 6,200 sensors in mountainous terrain on its operated Shakal block in the southern part of the Kurdistan Region of Iraq.

ONGC Videsh agrees to additional interest offshore Brazil

Oct 16, 2013

India’s ONGC Videsh has signed agreements to acquire 12% participating interest in Block BC-10 in the Campos basin offshore Brazil for $529 million from Petroleo Brasileiro SA (Petrobras).

Contact hails Kakwa Montney tight gas-liquids well results

Oct 16, 2013

Contact Exploration Inc., Calgary, said completion of its fourth operated horizontal Middle Montney formation tight gas-liquids well extends the scope and magnitude of the company’s East Kakwa project in Alberta.

Colombia’s Moqueta field oil output buoys Gran Tierra

Oct 16, 2013

Gran Tierra Energy Inc. has added three appraisal wells to its fourth-quarter program in Moqueta field in Colombia’s Putumayo basin after the Moqueta-11 well tested a combined rate of nearly 1,600 b/d of oil from two zones.

Nigeria: Oyo-7 well encounters Pliocene oil, gas

Oct 16, 2013

Allied Energy PLC and Camac Energy Inc., Houston, are drilling the Oyo-7 well on OML 120 offshore Nigeria toward its Miocene secondary objective after having encountered oil and gas in the currently producing Pliocene reservoir.

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