Oil & Gas

Apache discoveries a “morale boost” for the North Sea


Apache’s further oil discoveries in the North Sea are a real “morale boost” for the sector, according to the chief executive of Oil & Gas UK. Deirdre Michie spoke to Energy Voice on the back of last month’s announcement of up to 70million barrels of recoverable oil in the North Sea. US-based Apache Corporation announced finds on two exploration wells in the Beryl area and a “large” discovery at its Seagull prospect about 50 miles south of its huge Forties Field.

Oil & Gas

AWE Limited in further tests on the Waitsia-1 well in Australia


AWE Limited has commenced flow testing of the second zone in the Waitsia-1 well in Western Australia. The company said it will help further appraise the conventional Waitsia gas discovery in the onshore Perth Basin. The testing program is designed to determine well deliverability from two conventional reservoir zones and to collect gas samples for compositional analysis.

Oil & Gas

Lundin hits gas offshore Malaysia


Lundin Petroleum has made a small gas discovery offshore Malaysia. The company said its subsidiary, Lundin Malaysia, made the find from the Mengkuang-1 exploration well in license PM307. The well had been targeting hydrocarbons in Miocene-aged sands 75km to the northwest of the Bertam field operated by Lundin Malaysia.

Oil & Gas

Centrica Energy opts for Ula tieback for Butch discovery


Centrica Energy Norway and its partners will develop the Butch discovery in the North Sea as a subsea tie-in to the Ula field. Several options had been evaluated for the field which was discovered four years ago in the Norwegian part of the North Sea. Two options – a tie-in or standalone production jack-up solution – were assessed for the site which has estimated recoverable reserves of between 27million and 51 million barrels of oil equivalent.

Oil & Gas

Freeport-McMoran hits pay in Gulf of Mexico


Freeport-McMoRan Oil & Gas has made an oil find in the Gulf of Mexico. The company said initial production from the Horn Mountain Deep well is expected in the first half of 2017. The well alongside two follow-on development wells in the region may be capable of producing up to 30,000 barrels of oil equivalent per day.

Oil & Gas

Statoil makes gas discovery off Norway


Statoil has made a gas discovery in the Julius prospect in the North Sea alongside its partner Total of between 15 and 75 million barrels of recoverable oil. Well 2/4-23S was drilled by the Maersk Gallant in the King Lear area and proved gas and condensate in the Ula formation. The Norwegian operator said the well was aimed at appraising the King Lear gas and condensate discovery made by the PL146/PL333 partnership in 2012.

Oil & Gas

GDF Suez and partners make gas discovery in Algeria


GDF Suez said a gas discovery has been made in Algeria. The discovery was made alongside partners including Repsol, Enel and Sonatrach in the Illizi basin. The French company currently holds a 20% licence in the development.

Oil & Gas

Figures show oil discoveries drop to 20-year low


Early figures from research company IHS have shown discoveries of oil and gas reserves dropped to their lowest level in at least two decades in 2014. The preliminary numbers suggest the volume of oil and gas found was the lowest since around 1995, not including shale and other reserves onshore in North America. It has been estimated that new finds of oil and gas will have been around 16billion barrels of oil equivalent last year.

Oil & Gas

Statoil completes exploration in the Barents Sea


Statoil has completed its exploration programme in the Barents Sea, completing 10% of all exploration wells drilled in the Barents Sea. The exploration well, between 2013 and 2014, started with five wells in the vicinity of Johan Castberg. These wells were critical, Statoil said, in clarifying the oil potential in the area in order to plans for the Johan Castberg field.

Oil & Gas

Cairn Energy makes new oil discovery


Scottish oil firm Cairn Energy has discovered oil and its FAN-1 exploration well in Senegal, the company has announced. The well, which is 100 kilmoetres offshore in the Sangomar Deep block and was targeting multiple stacked deepwater fans.