Exploration News

 

Chariot, Azilat reach farm-in deal off Brazil

Aug 20, 2014

Chariot Oil & Gas Brazilian subsidiary signed a farm-out agreement with AziLat subsidiary AziBras Exploração de Petróleo e Gás Ltda. on blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 in the Barreirinhas Basin, offshore Brazil. AziLat…

EMGS ups North Energy stake

Aug 20, 2014

Norwegian Seismic acquisition and processing firm Electromagnetic Geoservices (EMGS) has increased its stake in exploration firm North Energy to nearly 10% as part of a loan deal.  The NOK75 million convertible bond loan secured EMGS addtional shares in North Energy…

Norway plots out 2016 round

Aug 20, 2014

Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, reported Reuters. The agency said Norway's oil and energy ministry, which asked companies…

Salamander announces first oil at Bualuang

Aug 19, 2014

Salamander Energy received the first oil in the tanks of the Suksan Salamander floating storage and offtake vessel (FSO) at the Bualuang field in the Gulf of Thailand. Greater Bualuang work. Image: Salamander…

Shell uses 3D WAZ seismsic technology in Canada

Aug 18, 2014

Shell's Shelburne Basin Venture Exploration Project marks the first time 3D wide azimuth (WAZ) Seismic technology was used in Canada. This technology provides much clearer data in water depths of 1500m to 3500m, 250km to 350km offshore Nova Scotia…

Badger Explorer, CNPC DR enter partner agreement

Aug 18, 2014

Badger Explorer ASA (BXPL) signed a co-operation agreement for a long term agreement with China National Petroleum Corp. Drilling Research Institute (CNPC DR), whereby CNPC DR will become a sponsoring partner in the development of the Badger Explorer autonomous drilling tool…

Apache hits Phoenix-1 pay

Aug 18, 2014

Houston-based Apache encountered oil pay at the Phoenix South-1 well, in Canning basin, off the North West Shelf of Australia. Apache says that preliminary estimates show that there might be as much as 300MMbbl in place. The Phoenix…

Rosneft, Statoil start Norwegian drilling

Aug 18, 2014

Statoil and partner RN Nordic Oil, a Rosneft subsidiary, began exploration drilling on the Pingvin prospect in production license 713 in the Norwegian Barents Sea using the Transocean Spitsbergen semisubmersible drilling rig (pictured) in 422m water depth…

Suriname offer deepwater blocks

Aug 15, 2014

Staatsolie, Suriname’s state-oil company, is offering three deepwater blocks through a competitive bid round. The blocks for bid include offshore blocks 58, 59 and 60, which lie east of Suriname in the Suriname-Guyana basin. The Suriname…

GOM well not so Bright for BP, Noble

Aug 15, 2014

The Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives, but did not encounter hydrocarbons and has been plugged and abandoned, says Noble Energy Inc. The well, located on the Atwater Valley 362 was drilled to a total depth of 13…

ADX gets two-year extension in Tunisia

Aug 14, 2014

Tunisian Authorities approved Australia’s ADX Energy Ltd.’s two-year extension of the exploration period for the Kerkouane permit offshore Tunisia. The exploration period is now set to end on 21 February 2016.   The ADX operated contiguous Sicily Channel blocks…

AWE acquires interest in China block as drilling begins

Aug 14, 2014

Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…

3D seismic starts on Spanish Point South

Aug 14, 2014

3D seismic surveying operations have commenced on Frontier Exploration Licence (FEL) 1/14 (Spanish Point South) in the northern Porcupine Basin, offshore Ireland. The license, operated by Cairn Energy subsidiary Capricon Ireland, is in 300-650m water depth…

Fastnet agrees terms with Petrobras

Aug 14, 2014

UK independent Fastnet Oil and Gas agreed an amended exclusive option agreement with Petrobras subsidiary PSE Kinsale Energy in relation to the Deep Kinsale prospect, offshore Ireland. The Deep Kinsale prospect extends from 4000ft subsea…

Repsol clear to drill off Canary Islands

Aug 13, 2014

Spain's Repsol could start drilling offshore the Canary Islands this year after the Spanish government gave the firm the go-ahead. The government's Industry Ministry approved drilling plans by Repsol in a resolution dated 11 August and published today (13 August) in the Official Bulletin…

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