Otto Candies Llc News

 

Houston Energy picks up South Timbalier 235 lease in US Gulf of Mexico

Oct 25, 2017

Houston Energy has been awarded the South Timbalier 235 (ST 235) lease in the US Gulf of Mexico Central Lease Sale 249, says partner Otto Energy. Houston Energy bid US$210,999 in relation to the ST 235 lease, which ajoins with and…

South Marsh Island platform project progresses

Oct 23, 2017

Byron Energy has completed the installation of a 500ft, 4in oil and 7000ftm 6in gas pipelines on the South Marsh Island 71 (SM 71) oil and gas development in the central US Gulf of Mexico, says partner Otto Energy.  Each pipeline…

Drilling starts on South Timbalier exploration well

Oct 20, 2017

W&T Offshore has started drilling on the ST 224 #1 exploration well in the South Timbalier 224 lease in the US Gulf Of Mexico, according to Otto Energy. Drilling is targeting a large, amplitude supported, high condensate gas ratio exploration prospect located in the prolific Bul…

W&T to spud South Timbalier well in GoM

Oct 05, 2017

W&T Offshore is set to spud its latest well in the South Timbalier 224 (ST 224) lease in the Gulf of Mexico later this month, according to partner Otto Energy. “The Enterprise 264 jackup drilling rig is expected to be on location within…

W&T to drill at South Timbalier in GoM

Jul 25, 2017

W&T Offshore has secured the Enterprise Offshore 264 jackup rig to drill the South Timbalier Block 224 condensate prospect in the US Gulf of Mexico, says partner Otto Energy. According to Otto, W&T expects to spud the well in Q4. The prospect is in approximately 170ft of water…

Otto gains 25% South Timbalier stake

Jul 06, 2017

Otto Energy has farmed into the South Timbalier 224 (ST 224) lease, taking 25% stake in the Gulf of Mexico, with drilling expected to start later this year, and first production set for the end of 2018. Map of SM 71 (left) and ST 224 (right)…

Otto to raise US$8.2 million for GoM development

May 30, 2017

Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…

Byron opts for manned facility at South Marsh

Jan 23, 2017

Byron Energy is weighing a change in development concept for the South Marsh Island 71 (SMI-71) discovery, in the US Gulf of Mexico. The new plan sees the operator opting for a manned platform over an unmanned facility, says 50-50 joint venture (JV) partner Otto Energy…

Otto gains Philippines moratorium

Jun 17, 2016

Otto Energy and partner Red Emperor received approval from the Philippines Department of Energy for a two-year moratorium on required work activity under Service Contract 55, offshore the Philippines following failed attempts to find commercial discovery at Hawkeye…

Byron to deepen SM71-1

Apr 27, 2016

Byron Energy will further its efforts at the SM71-1 well in the Gulf of Mexico after encountering the presence of oil in three intervals, according to partner Otto Energy. A quad combo porosity logging run has been acquired and 7 5/8in…

Byron hits at GoM SM 71 well

Apr 20, 2016

Byron Energy has encountered three discrete hydrocarbon bearing intervals at its latest exploration development in the South Marsh Island block in the Gulf of Mexico. Hercules 205 jackup, from Hercules…

Byron spuds first SM 71 well

Apr 04, 2016

Byron Energy spudded the South Marsh Island 71 #1 (SM 71 #1) well located in South Marsh Island Block 71 in the Gulf of Mexico, using the Hercules 205 jackup drilling rig this week. Current operations at the SM 71 #1 well are drilling ahead at 671ft measured depth…

Byron abandons GoM well, moves to next

Mar 30, 2016

Byron Energy’s attempt to drill a sidetrack well to SM 6#2 after a drill pipe became stuck has turned out to be unsuccessful in the Gulf of Mexico, with the company abandoning the well and moving on to another. The Hercules 205…

Byron drills GoM appraisal following stuck pipe drill

Mar 21, 2016

Byron Energy has started drilling a sidetrack well to the SM 6#2 well in the Gulf of Mexico, after a drill pipe became stuck with several unsuccessful attempts over a three-day period to free it, according to partner Otto Energy. Map…

Encouraging GoM result for Byron Energy

Mar 08, 2016

Byron Energy's SM-6 #2 well in the South Marsh Island Block 6 in the US Gulf of Mexico has intersected a number of hydrocarbon bearing sands which may result in an increase in reserves estimates for the block, says partner Otto Energy.  Otto…

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