The Kenyan Government has confirmed a 60% expansion of FAR Ltd’s highly prospective L6 exploration permit off the coast of Kenya. This additional area, which had previously been relinquished and has now been re-instated, increases the total permit area to 5,010 km2 . From recently acquired processed 3D seismic data and earlier 2D seismic data, both of which [...]
The Gazprom headquarters on Friday hosted a meeting moderated by Alexey Miller Chairman of the Company’s Management Committee. The meeting was dedicated to the resource base development needed for the Eastern Gas Program and carried out, inter alia, as part of the Power of Siberia gas transmission system (GTS). The meeting addressed, in particular, planning [...]
March 25, 2013 | Posted in
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Australia’s FAR Ltd has announced a farm in agreement for its three blocks offshore Senegal in West Africa to Cairn Energy PLC, a major UK listed oil and gas company. Pursuant to the farm in agreement, which is subject to Senegalese Government approval, Cairn will operate and carry FAR through an exploration well expected to be drilled in [...]
The Board of FAR Limited today announced the outcome of the updated prospective resource estimates following the completion of internal technical studies. The new assessment of the prospective resources, on an un-risked, best-estimate basis, concludes that approximately seven billion barrels of hydrocarbon resources (5.4 billion barrels attributable to FAR) could be contained within just two of FAR’s offshore [...]
Far Sitella Platform Supply Vessel has today, Tuesday, 5 February, been delivered from STX OSV Vung Tau in Vietnam to Farstad Shipping Pte. Ltd in Singapore, a wholly owned subsidiary of Farstad Shipping ASA. Upon arrival in Australia, the vessel will commence its long term commitment to Shell Australia related to their Prelude drilling campaign. [...]
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FAR Limited (“FAR”) has agreed to sell its 11.25% interest in permit WA-47-R in the Carnarvon Basin to Hydra Energy (WA) Pty Ltd, a company established and controlled by Hydra Energy Holdings Pty Ltd (“Hydra”). The WA-47-R block contains the small, undeveloped Sage field which is not considered a fit with FAR’s focus on high [...]
Today at a ceremony at the SMM 2012 exhibition in Hamburg, Germany, Farstad Shipping’s new PSV Far Solitaire was awarded «Ship of the Year 2012» by Skipsrevyen. “Being a value driven company, it is Farstad Shipping’s goal to be a leading provider of quality services with considerable focus on safety, technology and environmental considerations. Far [...]
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Australian listed petroleum exploration company, FAR Ltd has completed the data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. FAR’s L6 permit off the Kenya coast lies in the Lamu Basin, north of recent, world scale, natural gas discoveries totaling [...]
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 [...]
Australian listed petroleum exploration company, FAR Ltd (ASX:FAR) commences data acquisition of their anticipated 3D seismic survey over some of the world’s most keenly sought petroleum exploration acreage off the coast of Kenya. The survey will cover 680km2 and is budgeted to cost $13.67M (FAR Ltd share $8.2M). The seismic survey is scheduled to commence [...]
