CNOOC has signed a production sharing contract (PSC) with South Korea's SK Innovation for Block 17/08 in the South China Sea. Block 17/08 is in the Pearl River Mouth basin, covering a total area of 466sq km with a water depth of 100-130m…
Deep Gulf Energy III (DGE III) has encountered hydrocarbon pay at the Rampart Deep well in the deepwater Gulf of Mexico, according to partner Stone Energy. Deepwater Asgard. Image from Transocean…
As SPE Offshore Europe opens its doors, petroleum economist Professor Alex Kemp gives his view on the outlook for the North Sea. Over the past three years the North Sea oil and gas industry has made a very painful adjustment to the dramatic fall in oil prices…
Lundin Petroleum has started drilling exploration well 7220/6-3 on the Børselv prospect in PL609 on the Loppa High in the southern Barents Sea. The Børselv prospect is estimated to contain gross unrisked prospective resources of 244 MMboe…
Atlantic margin focused Chariot Oil & Gas is dropping out of two blocks offshore Namibia. The firms says it has elected not to enter into the First Renewal Exploration Period of the exploration licenses covering Blocks 2714A and 2714B…
Wellesley Petroleum has started drilling on the Goanna exploration well in the northern Norwegian North Sea. The well, 39/9-22 S, in license PL 881, is near the border with the UK and adjacent to the giant producing Statfjord and Snorre fields…
Statoil has said it has made a small, but non-commercial gas discovery in its much anticipated Korpfjell well in the Barents Sea. The well is the first exploration well drilled in the Norwegian section of a formerly disputed area between Norway and Russia…
Aker BP's wildcat well 25/4-11 on the Hyrokkin prospect in the Norwegian North Sea has come up dry, according to the Norwegian Petroleum Directorate (NPD). The well was drilled using the Maersk Interceptor jackup drilling rig, in 122m water depth…
Lundin Norway has completed two appraisal wells on the Alta oil and gas discovery in license 609 the Barents Sea. Wells 7220/11-4 and 7220/11-4 A were drilled using the Leiv Eiriksson semisubmersible drilling rig about in 402m water depth…
Hyperdynamics Corp. is nearly completed with the top portion of the Fatala-1 well, paving the way for a “potential world-class hydrocarbon discovery” offshore Guinea, West Africa. Map from Hyperdynamics…
FAR Ltd. has received official confirmation from the government of Guinea-Bissau for the increase of its stake in the Sinapa and Esperanca licenses, which includes an extension, and the drilling of at least one well in each block. Map of Sinapa…
Statoil has struck a minor gas find at a wildcat well near the Heidrun field in the Norwegian Sea where it could become a possible tieback, according to the Norwegian Petroleum Directorate (NPD). Map of 6507/8-9…
Eni will begin drilling the Goliat Eye wildcat next month in the Barents Sea, after been given the go-ahead from Norway’s Petroleum Safety Authority (PSA). Scarabeo 8. Image from Saipem. Eni…
Partners Kosmos Energy and BP have confirmed the Tortue field offshore Mauritania to be a “world-class” resource, following a successful drill stem test (DST) of the Tortue-1 well with the Atwood Achiever drillship, which has now been mobilized to the Hippocampe prospect…
BHP Billiton has made an oil discovery in multiple horizons at the Wildling-2 appraisal well in the ultra deepwaters of the Gulf of Mexico. Deepater Invictus. Image from Transocean. According to the company…
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