More Oil & Gas Exploration and Development News

Texas-South: Brenham Oil & Gas to buy Inez field prospect

Jan 16, 2014

Brenham Oil & Gas Inc. has purchased 100% working interest and 74% net revenue interest in the 332-acre Inez field prospect in Victoria County, Tex.

Tullow, Africa Oil find more oil in Kenya’s Lokichar basin

Jan 16, 2014

Two exploration wells drilled on Block 10BB in northern Kenya—Amosing-1 and Ewoi-1—have resulted in the discovery of two new oil fields, according to Africa Oil Corp. and operator Tullow Oil PLC. These latest exploratory wells continue the partners’ success in the South Lokichar basin.

Wintershall nears completion on Skarfjell appraisal well

Jan 15, 2014

Wintershall Norge AS and its partners are nearing completion on the 35/9-10 appraisal well to assess the 35/9-7 Skarfjell (PL418) oil discovery. The appraisal well is in the North Sea 40 km north of the Troll field and 2 km southeast of the discovery well.

Partners gets West Seahorse field reserves confirmed

Jan 15, 2014

Oil reserves in the West Seahorse field in Bass Strait offshore Victoria have been confirmed by an independent appraisal. The assessment has provided greater certainty for the development project financing and the letting of major contracts.

Repsol, IFPEN plan reservoir research

Jan 15, 2014

Repsol, Madrid, and IFP Energies nouvelles (IFPEN), Rueil-Malmaison, France, have signed a framework collaboration agreement for research in reservoir modeling.

SPD begins exploratory drilling in Bazhenov field

Jan 14, 2014

Salym Petroleum Development NV (SPD) has begun drilling its first horizontal appraisal well in the Bazhenov formation in Upper Salym. Four more horizontal appraisal wells are scheduled to be drilled with multifrac technology in 2014-15 as part of the pilot project.

IHS: Chinese national oil companies dominated M&A deals in 2013

Jan 13, 2014

Led by the Chinese, Asian and Caspian regional national oil companies purchased half of the 10 largest deals globally in 2013, according to IHS research on energy mergers and acquisitions.

Total enters UK shale gas arena through recent purchase

Jan 13, 2014

Total SA has entered into the UK shale gas arena through the purchased of 40% interest in two shale gas exploration licenses in the UK, paying $1.6 million in back costs and the funding of a fully carried work program of up to $46.5 million.

Australian government puts exploration blocks up for bid

Jan 13, 2014

The Australian government has proposed a total of 30 blocks for its annual offshore exploration acreage release for 2014. Of these blocks, only four have been proposed for cash-bidding.

Vaalco spuds exploration well offshore Gabon

Jan 10, 2014

Vaalco Energy Inc. has spudded an exploration well in the Dimba prospect about 7 miles northeast of the Etame field offshore Gabon.

PA Resources completes long-term drillstem test in Equatorial Guinea

Jan 10, 2014

PA Resources AB has completed a long-term drillstem test on the Diega accumulation on Block I in Equatorial Guinea, resulting in the release of the Atwood Hunter rig.

Gazprom Neft completes Badra appraisal well in Iraq

Jan 9, 2014

JSC Gazprom Neft reports completion of well testing at its BD4 appraisal well in the Badra field in eastern Iraq, recording a natural flow rate of 7,000 b/d.

Gulf of Mexico: Energy XXI to plug, abandon Merlin well

Jan 7, 2014

Energy XXI, Houston, reported in a Jan. 7 operations update that it will plug and abandon its Merlin well on Vermilion Block 179 in the Gulf of Mexico. Merlin, which was drilled to 19,915 ft MD (15,700 ft TVD), “did not encounter commercial hydrocarbons,” the company said.

BLM issues draft EIS for Newfield’s Monument Butte project

Jan 7, 2014

The US Bureau of Land Management issued a draft environmental impact statement for Newfield Exploration Co.’s proposal to drill as many as 5,750 oil and gas wells over 16 years in an existing oil and gas producing area in Utah’s Duchesne and Uintah counties.

OGJ Newsletter

Jan 6, 2014

International news for oil and gas professionals

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