More Oil & Gas Exploration and Development News

Operators to spud exploration well on Block 53 offshore Suriname in 2015

Aug 12, 2014

Apache Suriname Corp. LDC, a subsidiary of Apache Corp., Houston, will spud its first exploration well in February-April 2015, 80 miles offshore Suriname in the Suriname Guyana basin. The well will be drilled to 5,000 m in 650 ft of water, as confirmed by Marny Daal-Vogeeland, Staatsolie Maatschappij Suriname NV’s manager of petroleum contracts.

Green Dragon enters Chengzhuang cooperation agreement

Aug 11, 2014

Green Dragon Gas Ltd. has entered into a cooperation agreement with China National Petroleum Corp. relating to the Chengzhuang block, a 67-sq-km area included within the Shizhuang South production-sharing contract.

Gabon signs offshore E&P contracts with six firms

Aug 11, 2014

The government of Gabon has signed exploration and production contracts for offshore blocks with Noble Energy Inc., Woodside Petroleum Ltd., Marathon Oil Corp., Impact Oil & Gas Ltd., Repsol SA, and Petronas.

Suriname puts three deepwater exploration blocks up for bid

Aug 11, 2014

Suriname’s state-owned oil concern Staatsolie has put out three deepwater blocks for bids. The blocks—58, 59, and 60—lie east of Suriname in what is known as the Suriname-Guyana basin.

Rosneft, ExxonMobil JV begins exploratory drilling in Kara Sea

Aug 11, 2014

A joint venture of OAO Rosneft and ExxonMobil Corp. has spudded an exploratory well in the Kara Sea. Drilling is expected to continue for 2 months.

Hickenlooper forms task force to address oil, gas siting questions

Aug 11, 2014

Colorado Gov. John W. Hickenlooper (D) announced that he has formed a task force to develop recommendations that would reduce land use conflicts when oil and gas facilities are located near homes, schools, businesses, and recreation areas.

Expand OCS access for oil and gas, Senate Republicans urge Jewell

Aug 8, 2014

Twenty-one Republican US senators, led by Energy and Natural Resources Committee Ranking Minority Member Lisa Murkowski (Alas.), asked US Sec. of the Interior Sally Jewell to consider opening more of the US Outer Continental Shelf to oil and gas exploration and production in the next 5-year program.

Statoil fails to find oil in Arctic’s Hoop program

Aug 7, 2014

Statoil ASA has wrapped up its 2014 exploration program in the Hoop area of the Norwegian Barents Sea, northeast of Johan Castberg, without making any commercial discoveries.

Lundin drills, tests Tembakau appraisal well offshore Malaysia

Aug 6, 2014

Lundin Petroleum AB has successfully drilled and tested the Tembakau-2 appraisal well on Block PM307 offshore Malaysia, marking the completion of the company’s first well in its 2014 Malaysian drilling campaign.

Lundin spuds exploration well on Alta prospect

Aug 6, 2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has spudded exploration well 7220/11-1 in PL609 of the Alta prospect, 20 km northeast of the Gohta discovery in the Barents Sea.

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

Aug 6, 2014

ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, geophysical, and engineering studies to determine the potential for unconventional hydrocarbon resources in the Magallanes region in southern Chile.

BHP, BG awarded deepwater blocks offshore Trinidad and Tobago

Aug 5, 2014

Trinidad and Tobago’s Ministry of Energy and Energy Affairs has awarded two deepwater blocks to a consortium of BHP Billiton Petroleum (International Exploration) Pty. Ltd. and BG International Ltd. The ministry reported that the companies had been awarded Blocks TTDAA 3 and TTDAA 7 as part of its 2013 bid round.

Nelson-Farrar monthly cost indexes

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Abandoned gulf reservoirs provide low cost, low risk prospects

Aug 4, 2014

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

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