Worldwide Field Development News Nov 2 - Nov 8, 2013 This week the SubseaIQ team added 5 new projects and updated 23 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience. ASIA - SOUTHEAST Nido and PNOC Sign LOI for Jackup to Drill Baragatan Nov 8, 2013 - A Letter of Intent (LOI) has been signed between Nido Petroleum and an undisclosed drilling contractor for the use of 400 foot jackup to drill the Baragatan prospect in Service Contract (SC) 63 off Palawan Island. Terms of the LOI dictate that Nido cannot disclose the name of the drilling contractor until a binding contract has been signed. The signed contract is expected to be in place by the end of the year. Nido and its partner, Philippine National Oil Company (PNOC), have acquired all necessary environmental and government approvals and are seeking a 12-month extension to the current Sub-Phase. The partners anticipate a mid-2014 spud date. Project Details: Baragatan BHP Plans to Exit SC55 License Offshore Palawan Nov 8, 2013 - BHP Billiton suddenly advised SC55 partner Otto Energy that it will not participate in the Cinco-1 wildcat and intends to withdraw from the license. Otto reports that no written notification has been received and that it will take legal steps to ensure that BHP fulfills its requirements to fund Ottos working interest through the current Sub-Phase of the license. BHPs action comes soon after going through extensive efforts to obtain Palawan regulatory approval drill the Cinco-1 well. Currently, BHP operates the license with a 60% interest. Its partners include Otto Energy (33.18%) and TransAsia Oil and Energy Development Corp (6.82%). Project Details: Cinco FPSO Installation Ready to Commence at Galoc Phase II Nov 6, 2013 - All drilling activities concerned with the Galoc Phase II development have been completed and the Ocean Patriot (mid-water semisub) has been demobilized. The Skandi Skansen construction vessel is on location preparing to connect the Rubicon Intrepid FPSO to the 5H and 6H wells. Installation of the FPSO is expected to be complete by the end of November with first oil to follow soon after. Galoc Phase II was implemented to increase field production to 12,000 bopd. Project Details: Galoc AUSTRALIA Hydrocarbon Shows Observed at Manaia Appraisal Nov 8, 2013 - Drilling operations at the Manaia discovery off New Zealand are almost complete. The Kan Tan IV (mid-water semisub) arrived on location to drill the Manaia-2 appraisal well at the beginning of September. Debris in the well caused a sidetrack, Manaia-2/2A, to be initiated near the end of October. The well has been terminated in the late Cretaceous North Cape formation at a measured depth of 9,848 feet. Elevated gas readings and oil fluorescence were seen in the Mangahewa formation. A logging program is being carried out to determine the significance of the readings. Manaia is located in license PMP 38160 in the Taranaki Basin. OMV (69%) serves as operator of the license on behalf of partners Todd Maari (16%), Horizon Oil (10%) and Cue Taranaki (5%). Project Details: Maari La Bella 3D Seismic Survey on Schedule for mid-November Start Nov 7, 2013 - Australian junior WHL Energy, operator of the VIC/P67 license, indicates the previously announced La Bella 3D marine seismic survey (MSS) is close to getting underway. The CGG Viking II has mobilized to the Otway Basin and is preparing its equipment array. The MSS will cover an area of roughly 335 square miles and should take just over a month to complete. WHL intends to use the survey to provide a higher resolution image of the structure and reservoir properties in the La Bella gas field and to mature surrounding exploration prospects that could be targeted in a drilling program being planned for 1Q 2015. Processed data should be available by mid-May 2014. Project Details: La Bella EUROPE - NORTH SEA Statoil Farms Down North Sea Interests Nov 8, 2013 - Statoil agreed to farm down five of its exploration licenses off the Faroe Islands and two on the Norwegian continental shelf to OMV. Under the agreement, OMV will acquire a 15% interest in Faroese licenses L006 (Brugdan), L009 and L011 and a 10% interest in L008 and L016 (Kulubokan). Statoil is preparing to drill two wells in the Faroes in 2014. The Norwegian interests include a 15% equity in PL359 (Luno II) and PL410. Completion of the transaction is subject to regulatory approval. Project Details: Brugdan PSA Gives Consent to Use New Ekofisk 2/4 Z Platform Nov 8, 2013 - Additional reserves located in and around the Ekofisk field since production first began in 1971 have necessitated the addition of extra production facilities over the years. Ekofisk 2/4Z is the latest platform to be installed at the field. It was designed with 36 well slots, of which 35 will be used for production and one for cuttings reinjection. Installation took place during the summer of 2013 with final hookup and commissioning to complete by the end of the year. The new facility is expected to have a working life of 40 years. Project Details: Ekofisk Center Lundin Releases Latest Johan Sverdrup Appraisal Results Nov 8, 2013 - Lundin Petroleum completed drilling well 16/3-7 designed to appraise the southeastern flank of the Johan Sverdrup discovery in license PL501. The well encountered 46 feet of excellent quality Jurassic-aged sands and 118 feet of Permian-aged dolomitic carbonates with good reservoir quality. A common water gradient was seen in the sandstones and carbonates indicating communication between both formations. No oil/water contact was observed but oil was found in water samples in the upper most part of the reservoir. Total depth was reached at 6,807 feet and a complete logging and coring program was carried out. The rig will now relocate to license PL410 to drill the 16/5-5 appraisal well. Project Details: Johan Sverdrup Statoil Preparing for Active 2014 Norwegian Drilling Program Nov 7, 2013 - Statoil announced its intention to drill between 20 and 25 exploratory wells on the Norwegian continental shelf in 2014. Wells targeting the Atlantis and Apollo prospects will be among the 5 to 7 that will be drilled in Statoils highly prospective frontier acreage in the Barents Sea. Apollo will target the same geological formation that proved successful in the August 2013 Wisting Central discovery. Additionally, the company and its partners will seek to prove more reserves around the Johan Castberg discovery. The Utsira High area will see activity as exploration and appraisal wells are drilled near the Johan Sverdrup, King Lear and Geitungen discoveries in an effort to locate additional reserves near existing infrastructure. Statoil currently boasts a 70% success rate on the Norwegian continental shelf, which is considerably higher than the industry average of 49%. Project Details: Apollo (Norway) Lundin Reports Delays with Brynhild Development Nov 7, 2013 - Installation of the Brynhild (formerly Nemo) subsea template, manifolds and production and injection flowlines has been successfully completed. The first of four development wells has reached total depth and encountered the top of the reservoir on prognosis. Reservoir quality was also as expected. Work on the Haewene Brim FPSO involving topside modification and life enhancement upgrades is proceeding slower than anticipated. The vessel will leave the yard mid-November approximately 2-months behind schedule. Start of production is now projected in 2Q 2014. Project Details: Brynhild (Nemo) Statoil Starts Oil Production on Schedule at Visund North Nov 7, 2013 - Oil production has begun at the Visund North field in Norwegian license PL120. Visund North is the sixth of 12 projects to reach production in Statoils current fast-track portfolio. Startup was delayed by a month due to problems encountered while drilling the first production well. Total recoverable reserves associated with development are estimated at 29 MMboe. Field infrastructure includes a standard 4-well subsea template tied back to the Visund A floating production unit (FPU) by a new subsea pipeline and manifold. The addition of the field to the well stream will significantly extend the economic life of the FPU. Total investment cost for Visund North is $553 million which is slightly higher than the original estimate. Project Details: Greater Gullfaks Area Hydrocarbons Confirmed at Askja West Nov 6, 2013 - Drilling operations at the Statoils Askja West prospect is ongoing but data has already confirmed the presence of hydrocarbons. Well 30/11-9S is being drilled by the Ocean Vanguard (mid-water semisub) in Norwegian license PL272. Additional results will be released once the well reached total depth. If hydrocarbons are proven in sufficient quantities, the well will be sidetracked to explore the Askja East prospect. Askja partners include Statoil (50%) who serves as operator, Det norske (25%) and Svenska Petroleum (25%). Project Details: Askja
Posted on: Fri, 08 Nov 2013 21:37:23 +0000
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