ADDAX Petroleum reports the successful appraisal of, and addition to, its Kita Marine discovery offshore Nigeria on block OML123. The KTM-6 well, drilled with Transocean's GSF High Island IX jack-up drilling rig, encountered an aggregate gross oil column of 52m (173ft) over four zones.
A TOTAL of 148 BP employees working for TNK-BP have been recalled from Russia due to problems with registration, the joint venture has said.
STATOILHYDRO is to drill its first offshore prospect as operator in Canada during Q4 this year. The target is the Mizzen prospect (Flemish Pass Basin) off the east coast of Newfoundland and Labrador and the Transocean rig, Henry Goodrich, has been secured for the operation.
TOTAL has signed an agreement with Nigerian company Conoil Producing to farm into deep offshore block OPL257 for a 40% interest, leaving Conoil as operator with a 50% interest, while another Nigerian company holds the remaining 10%.
Norwegian company Seawell Management has stated its intent to order a new well service unit (WSU) from German company Streicher at a cost of $50million. If options for a further two units are exercised, this will bring the bill to $150million.
Locke says the game plan isn't a secret; returning to the market after three to five years, perhaps longer, is quite likely, but only after growing the business substantially.
THE scale of growth that Locke has in mind requires in the order of $500million - a sizeable war chest with which to hit the acquisitions trail - and First Reserve is ready to step up to the plate. He doesn't want to see Abbot eclipsed by competitors or fall prey to them.
There are differences on basic issues between Iraq's political parties and groups, and these are not expected to be resolved in the near future.
Well construction technology company Caledus has secured a milestone contract to provide bespoke equipment for some of the most complex extended-reach wells in the world.
PETRO-CANADA has apparently made a significant natural gas discovery in offshore Tobago deepwater block 22.
PETROBRAS has revealed that it has made a significant gas and condensate field discovery in the pre-salt layer in block BM-S-24 of the ultra-deepwater Santos Basin.