On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously entered into by the parties in respect of Licence [...]
CNOOC Limited today announced its annual results for the 12 months ended December 31, 2012. In 2012, the Company said it had made outstanding achievements in exploration activities with breakthroughs in shallow water and deepwater offshore China as well as overseas. Among a total of 21 new discoveries and 19 successful appraisals of oil and [...]
The Norwegian Petroleum Directorate has announced that so far this year, 12 discoveries have been made on the Norwegian shelf. Six of these were made in the North Sea, and three in the Barents Sea and the Norwegian Sea respectively. A total of 27 wildcat wells have been completed, giving a discovery rate of 44 [...]
Italy’s Eni announces new natural gas discoveries within the Mamba Complex, in Area 4, offshore Mozambique, at the Mamba South 2 and Coral 2 delineation wells, which are respectively the sixth and seventh wells drilled back to back in Area 4. The new discoveries add 6 tcf of gas in place to Area 4, confirming [...]
Malaysia’s oil and gas company Petronas has made two major gas discoveries at the Kuang North and Tukau Timur fields, offshore Sarawak, Malaysia. Kuang North Gas Discovery The Kuang North field, located in Block SK316 was drilled by Petronas in October 2012 via two exploration wells, Kuang North-1 and Kuang North-2. The Kuang North-2 well, [...]
Faroe Petroleum, an independent oil and gas exploration firm, has announced today, November 2, it will relinquish the licence P161, located west of Shetland Islands. The licence, operated by Faroe Petroleum with 50 per cent interest, contains Freya and Fulla discoveries, however, the company has been unable to find a economically viable solution for development [...]
With worldwide demand for oil, natural gas and minerals rising, and recent discoveries of sources located in the deep sea, new machinery will be needed to harvest these resources from increasingly harsh environments. Rexroth is the first to adapt numerous standard components to fit the special requirements for deep-sea applications such as pressure compensation and [...]
September 4, 2012 | Posted in
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BP Egypt today announced the Taurt North and Seth South gas discoveries in the North El Burg Offshore Concession, Nile Delta. These are the fourth and fifth discoveries made by BP in the concession following Satis-1 and Satis-3 Oligocene deep discoveries and Salmon-1 shallow Pleistocene discovery. The two wells were drilled by IEOC on behalf [...]
CNOOC Limited announced today that the Company made two new exploration discoveries in Luda 6-2 and Lufeng 15-1. Luda 6-2 is located in the Liaodong Bay in Bohai with an average water depth of about 31 meters. The Company has successfully drilled Luda 6-2-4 and Luda 6-2-5 this year and encountered 40 and 147.6 meter [...]
As of 30 June, 19 exploration wells have been spudded on the Norwegian shelf. Of these, 13 are wildcat wells and six are appraisal wells. Seven new discoveries have been made. Four of these were made in the North Sea, two in the Norwegian Sea and one in the Barents Sea. “It is gratifying that [...]
