International Unconventional

International Unconventional Description ImageThere has been substantial recent interest in shale gas potential in Eastern Europe. ExxonMobil has been working to identify shale gas resources in Germany and other large end-user markets. E&P companies have selected about a dozen basins in Europe for initial exploration, including the Cambrian Alum in southern Sweden, the Vienna Basin in Austria, multiple locations in Poland (especially the promising Gdansk Basin), the Weald Basin in England, the East Paris Basin in France (as well as two other locations in France), the Lower Saxony Basin in Germany and the very large Mako Trough in Hungary. China is another important area for shale gas, as is India. Chinese and American geologists have said that China’s shale gas potential is massive and could easily rival the largest basins in the US.

International Unconventional News

Turkey: Valeura sees shale gas potential on Thrace block

Apr 8, 2013

Turkey’s General Directorate of Petroleum Affairs has awarded a 100% working interest in the Banarli License 5104 in the Thrace basin to Valeura Energy Inc., Calgary.

Bankers eyes polymer, secondary work at Patos-Marinza

Apr 5, 2013

Bankers Petroleum Ltd., Calgary, has begun injectivity testing at the first pilot polymer flood location in Patos-Marinza field in Albania.

Ecopetrol tests Meta Province heavy oil discovery

Apr 2, 2013

Colombia’s state Ecopetrol SA disclosed that its Venus-2 exploratory well in San Martin municipality of Meta Province had proved the presence of crude oil.

IHS: Prospects have dimmed for bitumen upgraders in Alberta

Mar 28, 2013

Prospects for new bitumen upgraders in Alberta have soured since the global recession of 2008, notes a study published by IHS on the same day plans were reported cancelled for a large project near Fort McMurray (OGJ Online, Mar. 27, 2013).

Suncor cancels Voyageur upgrader, buys Total's stake

Mar 27, 2013

Suncor Energy Inc., Calgary, has scrapped plans for the Voyageur upgrader project near Fort McMurray, Alta., and has acquired partner Total E&P Canada Ltd.’s interest for $515 million.

May River oil sands development expected

Mar 27, 2013

Gulfport Energy Corp., Oklahoma City, expects delineation drilling in the May River area of northern Alberta by Grizzly Oil Sands ULC to lead to filing of applications for thermal recovery of bitumen.

China approves shale gas PSC for Shell

Mar 26, 2013

The Chinese government approved a production-sharing contract for Royal Dutch Shell PLC and China National Petroleum Corp. (CNPC) to develop China’s shale gas reserves, Shell Chief Executive Peter Voser said in Beijing Mar. 26.

UK government proposes tax incentives for shale gas E&P

Mar 21, 2013

The UK government continues working toward offering tax breaks to encourage shale gas exploration and production, and the proposed measures could make onshore shale exploration more attractive to oil and gas companies already operating offshore UK, a Deloitte spokesman said.

China shale gas challenges match its potential, expert suggests

Mar 15, 2013

China faces significant geologic, development, transportation, and bureaucratic challenges if it expects to fully exploit its shale gas resources, even though they’re probably greater than those in the US, an IHS CERA expert said.

Cuadrilla delays UK Bowland shale work for environmental impact assessment

Mar 14, 2013

Cuadrilla Resources Ltd. plans to delay plans to start hydraulic fracturing in a Bowland basin shale project in Lancashire, UK, until 2014 to give the company time to get an environmental impact assessment (EIA) for some exploration wells, Cuadrilla Chief Executive Francis Egan said.

CNPC to buy stake in Eni's gas field offshore Mozambique

Mar 14, 2013

China National Petroleum Corp. (CNPC) is acquiring a stake in a natural gas field offshore Mozambique in Area 4 from Eni SPA for $4.2 billion. The companies also signed a joint study agreement covering Rongchang shale gas block in China.

Colombia: Petrominerales eyes Llanos basin commerciality

Mar 6, 2013

Petrominerales Ltd., Calgary, said it resumed production testing in January 2013 at its Tatama horizontal well in Colombia’s Llanos basin, where the company operates the Rio Ariari, Chiguiro Oeste, and Chiguiro Este blocks.

Delphi Energy brings Montney horizontal wells on stream

Mar 1, 2013

Delphi Energy Corp. of Calgary reported encouraging results from its initial development of its Montney play at Bigstone where Delphi last year brought three horizontal Montney wells on stream and recently brought on stream a fourth horizontal well (OGJ Online, May 22, 2012).

ConocoPhillips planning to divest some LNG, oil sands assets

Feb 28, 2013

ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting.

Chevron farms into Cooper basin in Australia

Feb 26, 2013

Chevron Corp. has signed a potential multimillion-dollar farmin deal with Adelaide-based Beach Energy Ltd.’s acreage in the Cooper basin in Australia.

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