Efficiency, cost-effectiveness and optimized analyses are crucial in upstream asset development. OE spoke with Paradigm’s Indy Chakrabarti to chart the pathway to success. Jeannie Stell reports. Indy Chakrabarti…
Jeannie Stell looks at offshore heavy oil development economics with an eye on the current low-price environment. ExxonMobil expects its 52-well Hebron development project offshore Newfoundland to bring in first oil in 2017…
Italy is sitting on sizeable untapped gas resources, yet it still imports a large proportion of its gas. Elaine Maslin reports from the Offshore Mediterranean Conference, Ravenna. Bruno Lescoeur…
Petrobras encountered the presence of light oil at well 3-BRSA-1296-SES in concession BM-SEAL-10, BlockSEAL-M-499 in the Sergpipe basin’s ultra deepwaters offshore Brazil. According to Petrobras, the higher market value light oil has good reservoir porosity and permeability…
ExxonMobil started oil production at the Kizomba Satellites Phase 2 subsea development project off Angola. The Kizomba B FPSO. From BP. Phase 2 of Kizomba is a subsea infrastructure development of the Kakocha…
Singapore-based KrisEnergy hit oil at the first exploration well in the Wassana oil field, offshore Thailand. Thai drilling campaign map. From KrisEnergy. Rayrai-1 intersected about…
Chevron Australia made an additional gas discovery at the Greater Gorgon Area in the Carnarvon Basin, offshore northwest Australia. The Isosceles-1 exploration discovery well found about 134m of net gas pay in the Triassic Mungaroo Sands in 968m water depth…
Anglo-Australian multinational mining, metals and petroleum company BHP Billiton has signed exploration licenses for two offshore Barbados blocks in what could be a return to drilling off the Caribbean Island. BHP is reported to be the…
Italian energy company Eni started production two weeks ahead of schedule at the deep offshore Cinguvu oil field in the West Hub development project in Block 15/06 offshore Angola. The development is sited 350km northwest of Luanda and 130km west of Soyo…
Wintershall Norge has made a small oil discovery on the Imsa prospect in wildcat well 6406/2-8 in production license 589 in the Norwegian Sea, 190km northwest of Kristiansund. Image from Wintershall…
Statoil spudded the Bister exploration well 6407/8-7 in the Norwegian Sea, says Aberdeen-based exploration firm Faroe Petroleum. Map from Faroe. The Bister prospect is in production license 348/C…
Ophir Energy is to commission 2D and 3D seismic with a view to drilling on 2016-17 on four deepwater production sharing contracts (PSCs) in Indonesia it has now acquired from Niko Resources. Image from Ophir…
Dallas-based explorer Kosmos Energy’s Tortue-1 exploration well offshore Mauritania, western north Africa, has made a “significant, play-opening” gas discovery. Tortue-1 was drilled in 2700m water depth, 285km southwest of Mauritanian capital Nouakchott…
KrisEnergy plans to develop the Wassana oil field beginning with drilling a new exploration well in Block G10/48 offshore Thailand. Wassana well projection. From KrisEnergy. The Rayrai-1 well is at a water depth of 170ft and is 2…
Houston-based Africa focused explorer CAMAC Energy is changing its name to Erin Energy following a reverse stock split - each six shares of common stock were converted into one share of common stock. Kase Lawal, Erin's Chairman and CEO…