Geology News

 

Modiin updates estimates for Yam Hadera field

Jul 22, 2013

Modiin Energy LP has updated resource estimates for the Yam Hadera field off Israel. The best estimate of gross recoverable, prospective resources at Yam Hadera is 208MMbo (revised upwards from 133 MMbo) and 3.4 Tcf of natural gas (revised upwards from 1…

ThoughtStream: Collaboration key to technology development

Jul 10, 2013

ThoughtStream: Opinion In today’s continually evolving oil and gas industry there are always emerging issues to address. Collaboration within the industry can be a vital cog to deliver new solutions to the most pertinent problems and plug technology gaps…

Colloquy: Exploration Fabric of Africa

Jul 10, 2013

Colloquy: Editor’s Column The American Association of Petroleum Geologists (AAPG) has developed a new African exploration GIS database, as the Edward G. Purdy Memorial Project, honoring the late geologist (b. 4 December 1931, d. 13 October…

Eni, Rosneft team for Barents seismic

Jul 08, 2013

Eni and Rosneft began seismic operations in the ice-free portion of the Russian Barents Sea, the companies confirmed on July 8. The 2D seismic survey is planned for 9950km over the Fedynsky and Central Barents license areas. During the…

W. Australia opens bid round

Jun 11, 2013

Australia's Department of Mines and Petroleum (DMP) announced a new lease sale for Western Australia. Six licenses, four onshore and two offshore, are being placed on the auction block. “In 2012, the Western Australian petroleum sector was valued at a record A$24…

Chariot extends Morocco licenses

Jun 11, 2013

Chariot Oil & Gas Ltd and the Office National des Hydrocarbures et des Mines (ONHYM) agreed to a six month extension for the first phase of exploration on the Loukos, Casablanca and Safi licences, off Morocco. The license will now extend until January 11 2014…

Reliance confirms Indian gas find

May 28, 2013

Reliance Industries Ltd. (RIL) and partner BP, have discovered gas and condensate in the KG D6 block in the Krishna-Godavari field off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1024 m, and a total depth of 4509 m…

TGS strikes new partnerships

May 23, 2013

TGS-NOPEC Geophysical Company (TGS) announced at its Capital Markets Day that it will embark on several new partnerships. TGS and Electromagnetic Geoservices ASA (EMGS) agreed to jointly development multi-client projects in defined areas in northwestern Europe…

PA Resources hits oil at Carla South

May 20, 2013

The Carla South I-7 ST-1 sidetrack to the I-7 exploration well in Block I has encountered oil in good quality sandstones. The sidetrack in Block I in Equatorial Guinea has reached a total measured depth of 3,460 m. Drill cuttings, wireline…

Brazil licensing round attracts $1.4B

May 15, 2013

ANP, Brazil's National Petroleum Agency, announced the winners of its 11th Licensing Round - the first round since 2008, which was held on 14 May 2013 in Rio de Janiero. The agency said there was record interest in the round with 39 companies from 12 countries participating…

Tanzania to hold licensing round in October

May 15, 2013

The Government of the United Republic of Tanzania through Tanzania Petroleum Development Corporation (TPDC) announced the 4th Tanzania Deep Offshore and North Lake Tanganyika Licensing Round. The 4th Tanzania Offshore Licensing Round…

First oil from Apache's Tonto

May 02, 2013

Apache Corp. announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 b/d. Apache holds a 100% working interest in the Tonto Field…

BP explores the Great Australian Bight

Apr 09, 2013

BP discusses its latest effort: exploring the Great Australian Bight. The deepwater frontier area covers 24,000 sq km, located 300km offshore in water depths up to 5,000m. The supermajor says the hydrocarbon potential of the area has never been thoroughly tested…

ExxonMobil expands off Liberia

Apr 05, 2013

ExxonMobil Corp. announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80% interest in Liberia Block 13 (LB-13)Map of LB-13 off Liberia (Image: COPL)The block comprises more than 625,000 acres (2…

The challenge of the Lancaster basement reservoir

Mar 28, 2013

EPC Offshore has just completed a reference case for a phased development approach for Hurricane Oil’s Lancaster field, in UK block 205/21a, West of Shetland, to demonstrate that it is commercially viable,and the project is about to enter the next stage of its development…

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