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Visit http://www.1derrick.com/petrochina-in-550-million-assets-sale/17001/ for news related to oil and gas
Lundin Spuds Ornen Prospect, Barents Sea
Lundin Petroleum has commenced the drilling of exploration well 7130/4-1 in the Ornen prospect, located in PL708, Barents Sea.
The reservoir is expected to consist of Upper Permian carbonates. The Ornen prospect is estimated to contain gross unrisked prospective resources of 354 MMBOE.
The well will be drilled by the semi-submersible drilling unit Transocean Artic to a planned total depth of approximately 2,630m below mean sea level. The drilling operation is expected to take approximately 60 days....
For more: http://www.1derrick.com/lundin-spuds-ornen-prospect-barents-sea/16999/
Falkland Oil and Gas to Merge with Rockhopper
Falkland Oil and Gas Limited (FOGL) and Rockhopper have reached an agreement for a recommended all-share merger, pursuant to which the current shareholders of Rockhopper will own approximately 65% of the combined group's issued share capital and FOGL shareholders will own approximately 35%.
The merger values the entire issued and to be issued share capital of FOGL at approximately £57.1 million (US$86.5 million), and each FOGL Share at 10.70 pence, which is 11% premium to FOGL's closing share price of 9.60 pence on 23-Nov-2015. As per the merger agreement, FOGL shareholders will receive 0.2993 Rockhopper shares for each FOGL share....
For more: http://www.1derrick.com/falkland-oil-and-gas-to-merge-with-rockhopper/16998/
Statoil Receives Nod for 30/89 S Well in Oseberg, North Sea
The Petroleum Safety Authority Norway (PSA) has granted consent to Statoil to drill 30/89 S exploration well in Oseberg field, located in PL104, North Sea. Water depth at the site is 99m...
For more: http://www.1derrick.com/statoil-receives-nod-for-3089-s-well-in-oseberg-north-sea/16996/
Resolute Sells Gardendale Assets in Midland Basin
Resolute Energy has entered into a definitive agreement to sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for $177.5 million...
For more: http://www.1derrick.com/resolute-sells-gardendale-assets-in-midland-basin/16995/
Archer in Well Services Business Sale
Archer Limited has signed a definitive agreement to sell all the outstanding shares of Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC to Quintana Energy Services LP (QES) in return for equity in QES. Upon the completion of the transaction, Archer will receive QES common units representing approximately 42% of the pro forma limited partner interest in QES.
QES, a portfolio company of Quintana Energy Partners LP, operates in the US onshore oilfield services industry through its subsidiaries, Directional Drilling Company and Consolidated Oil Well Services, the directional drilling and completion services business units of QES, respectively....
For more: http://www.1derrick.com/archer-in-well-services-business-sale/16994/
BG Acquires 35% Stake in Block 12, Off Cyprus
BG International has signed an agreement with Noble Energy to acquire 35% interest in Block 12, offshore Cyprus, for a total cash consideration of $165 million.
The block includes the Aphrodite natural gas discovery, which has gross mean natural gas resources of approximately 4 Tcf. Noble Energy will maintain operatorship of Block 12 with a 35% interest...
For more: http://www.1derrick.com/bg-acquires-35-stake-in-block-12-off-cyprus/16993/
Premier Oil Spuds Isobel 2 Well in PL004a, Falkland Islands
Premier Oil has spudded the Isobel 2 (14/20-2) well in PL004a, located approximately 4 km away from the 14/20-1 Isobel Deep oil discovery, Falkland Islands.
The well will target the Isobel Deep reservoir and is a re-drill of the 14/20-1 well, which failed to reach total depth owing to operational issues. The well will test the F3 fan systems, which are mapped as entering the basin from the south-east margin and comprise a sequence of stacked reservoirs. In addition to Isobel Deep, the well will also penetrate four other fans within the complex, comprising: Elaine South, Isobel, Doreen and Irene. The Elaine/Isobel fan complex, based on the operator's estimates, has multiple reservoir targets and gross, mean un-risked resources of 400 MMbbl...
For more: http://www.1derrick.com/premier-oil-spuds-isobel-2-well-in-pl004a-falkland-islands/16992/
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Vermilion Starts Production from Diever West, Netherlands
Vermilion Energy has kicked-off first commercial gas production from the Diever West gasfield, Netherlands. The field was discovered in Sep-2014. Diever West is located onshore, on the western edge of the Lower Saxony Basin. It is located approximately 10 km to the east of the producing Weststellingwerf, Noordwolde, Vinkega and Nijensleek fields, on the Drenthe IIIb Production license.
For more: http://www.1derrick.com/vermilion-starts-production-from-diever-west-netherlands/16989/
Ophir Disappointed at G4/50-11 Well, Gulf of Thailand
Ophir has made a non-commercial discovery in the G4/50-11 exploration well in G4/50 license, located in the South Western Graben of the Gulf of Thailand.
The well had targeted the Parichat Southwest prospect. The well was drilled to a total depth of 2,830m (True Vertical Depth Sub-Sea) and encountered oil in both the primary Oligocene and secondary Miocene reservoir targets. The well encountered an aggregate 5.5 m of net oil pay. The well also encountered a greater thickness of reservoir sands than expected pre-drilling.
For more: http://www.1derrick.com/ophir-disappointed-at-g450-11-well-gulf-of-thailand/16987/
Statoil to Exit Alaska
Statoil has decided to exit Alaska by withdrawing from its 16 operated leases and 50 non-operated leases in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and will expire in 2020..
For more, visit: http://www.1derrick.com/statoil-to-exit-alaska/16983/
Empire Spuds Red Gully North-1 in Perth Basin, WA
Empire Oil & Gas has spudded the Red Gully North-1 exploration well in EP 389 in the Perth Basin, Western Australia. The well is located four km to the north of the Red Gully Processing Facility...
For more, visit: http://www.1derrick.com/empire-spuds-red-gully-north-1-in-perth-basin-wa/16984/
Petrobras Hits Pay at Pitu North 1, Potiguar Basin
Petrobras has announced the successful results from Pitu North 1 (3-BRSA-1317-RNS) well, located in the deep-waters of the Potiguar basin, Brazil. The well is located in the BM-POT-17 concession, approximately 60 km from the state coast of Rio Grande do north, at a water depth of 1,844m...
For more, visit http://www.1derrick.com/petrobras-hits-pay-at-pitu-north-1-potiguar-basin/16985/
Tullow Disappointed at Emesek-1 Well, Kenya
Tullow Oil has failed to find commercial hydrocarbons at Emesek-1 exploration well in Block 13T, located in the North Lokichar basin, Northern Kenya.
The well was drilled by the PR Marriott 46 rig to a total depth of 3,000m. The well will now be plugged and abandoned.
Ownership of Block 13T: Tullow (50%, operator) and Africa Oil Corporation (50%)...
For more: http://www.1derrick.com/tullow-disappointed-at-emesek-1-well-kenya/16982/
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Primeline Spuds LS30-3-1 Well, Off China
Primeline Energy Holdings has commenced the drilling operations of the LS30-3-1 well, located approximately 20 km north of the LS36-1 gasfield platform, East China Sea....
For more: http://www.1derrick.com/primeline-spuds-ls30-3-1-well-off-china/16981/
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Lundin Spuds 6407/10-4 Well in Lorry Prospect, Norwegian Sea
Lundin Petroleum has commenced drilling of exploration well 6407/10-4 in the Lorry prospect in PL700, located on the northern part of the Froya High in the Norwegian Sea...
For more, visit: http://www.1derrick.com/lundin-spuds-640710-4-well-in-lorry-prospect-norwegian-sea/16977/
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