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

Fracs, horizontal well possible in Poland Baltic basin

Jul 3, 2013

A UK company will conduct hydraulic fracs on conventional and unconventional formations at a well in Poland’s Baltic basin under a farmout from San Leon Energy PLC, Dublin.

Celtique Energie outlines unconventional drilling plans

Jul 1, 2013

Celtique Energie Ltd. of the UK has said it is planning to submit applications for permission to explore for unconventional oil in Weald basin near the village of Fernhurst in West Sussex.

Surge Energy to buy Saskatchewan tight oil assets from Cenovus

Jun 14, 2013

Surge Energy Inc. agreed to buy a tight oil asset in southern Saskatchewan from Cenovus Energy Inc. of Calgary for $240 million, with closing expected by mid-July, subject to normal closing conditions.

Shale gas exploration deal with Chevron pending, Ukraine official says

Jun 14, 2013

A tentative agreement has been reached between Ukraine officials and Chevron Corp. regarding exploration for shale natural gas in Oleska field in western Ukraine, Energy Minister Eduard Stavytsky told reporters in Kiev on June 13.

Centrica to buy stake in shale gas area from Cuadrilla

Jun 13, 2013

Centrica PLC bought a 25% interest in a license for the Bowland basin shale project in Lancashire, UK, from Cuadrilla Resources Ltd. and AJ Lucas for $62.6 million. Centrica owns British Gas.

Statoil to operate Georgina basin shale program

Jun 12, 2013

A unit of Statoil ASA and PetroFrontier Corp., Calgary, agreed to amend a mid-2012 farmout under which Statoil Australia Oil & Gas AS will become operator of an exploratory joint venture aimed at shale formations on 14 million acres in the southern Georgina basin in Australia’s Northern Territory.

Chevron, PDVSA sign Petroboscan finance deal

Jun 11, 2013

Chevron International and Petroleos de Venezuela SA have signed a $2 billion long-term credit line for their Petroboscan joint venture that PDVSA says aims at raising production at Boscan heavy oil field by 20,000 b/d.

Alberta Oil Sands inks Algar Lake farmout

Jun 6, 2013

Alberta Oil Sands Inc. (AOS), Calgary, has entered a farmout agreement with privately held Crescendo Resources Ltd. that will advance exploration of its Algar Lake oil sands prospect in Alberta.

CAPP expects Canadian oil production to double by 2030

Jun 5, 2013

With oil sands production climbing steadily and conventional production rebounding, Canadian oil production will more than double by 2030, predicts the Canadian Association of Petroleum Producers.

BlackPearl advances Onion Lake thermal EOR

Jun 4, 2013

BlackPearl Resources Inc., Calgary, will accelerate thermal enhanced oil recovery at a heavy oil property now producing conventionally in Saskatchewan to help finance a larger oil sands development in northern Alberta called Blackrod (OGJ Online, May 6, 2012).

MGM gives up Mackenzie Delta conventional licenses

May 30, 2013

MGM Energy Corp., Calgary, said it has surrendered exploration licenses in Canada’s Mackenzie Delta region, where the company had been exploring for conventional gas for the proposed Mackenzie gas pipeline.

CERI: Oil sands costs up 6.3-13.2% in year

May 29, 2013

The estimated cost of producing bitumen in Canada has increased by 6.3-13.2% in the past year, depending on the production method, according to the Canadian Energy Research Institute.

Marathon Oil says no sale on share of Athabasca oil sands

May 28, 2013

Marathon Oil Corp. said negotiations to sell its 20% interest in the Athabasca oil sands project have ended without any agreement being reached.

Large gain seen in Alberta oil production

May 13, 2013

Bitumen will claim an increased share of sharply higher oil production in Alberta over the next 10 years, according to the provincial Energy Resources Conservation Board.

San Leon Energy to buy Talisman’s share of Poland shale gas JV

May 13, 2013

San Leon Energy PLC agreed to buy Talisman Energy Inc.’s share of a shale gas joint venture in Poland. Talisman is the second international major oil company to withdraw from Poland, following a decision last year by ExxonMobil Corp. to exit Poland after early results failed to produce commercial wells.

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