Ship number two of totally twelve platform supply vessels of ULSTEIN’s PX105 design, ‘Sea Flyer’, was delivered from Zhejiang, Ningbo, to Seatankers Group on 14 May 2013. ULSTEIN delivers twelve design and equipment packages to the Chinese yard, where all the vessels for Seatankers Group will be constructed. The packages include design, engineering and equipment [...]
AWE Limited reports that a second successful Drill Stem Test (DST) has been conducted at the Lengo-2 appraisal well, offshore Indonesia, achieving a maximum gas flow rate of 21.2 million standard cubic feet per day (mmscf/d). Two further cores have been cut in the Kujung I reservoir from 757m to 784m (2,485 to 2,571 ft) recovering an estimated 24m [...]
Royal Dutch Shell plc (Shell) today announces a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating production, storage, and offloading (FPSO) vessel and subsea infrastructure. The development will start [...]
Octanex N.L. has announced that a second 3D seismic survey has commenced in another of the Company’s offshore Taranaki Basin permits, PEP 52593 (Permit). The survey, named Karoro, is planned to acquire approximately 299km2 of new 3D data from within and adjacent to the Permit. The Karoro survey follows on from the Kokako survey that has been successfully [...]
Argos Resources Limited, the Falkland Islands based exploration company focused on the North Falkland Basin, has received notification that the Falkland Islands Government (FIG) has extended the second term of the Company’s PL001 Licence by one year, to 25 November 2016, with no additional work commitments. The extension follows changes to the licensing conditions introduced [...]
April 9, 2013 | Posted in
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MEO Australia Limited advises that it has agreed to extend the second Heron well election deadline to 1st March 2013. Under the terms of the NT/P68 Farm-in Agreement (FIA) dated 17th May 2011, Eni had 60 days from the completion of the Heron South-1 well (14th December 2012) to elect whether to drill a second [...]
Mechanical engineering company, EnerMech, is to open a second Norwegian base as part of a £3 million (NOK 27.7 million) investment to grow its Scandinavian business. The new base and workshop in Bergen was selected to be closer to Norway’s largest shipyards and to offer a rapid response service to existing and new clients. EnerMech [...]
MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since the last report the second of the two planned production test programs has been run. Drill Stem Test (DST) #2 flowed gas to surface. Gas composition analysed by chromatograph is approximately 25% [...]
December 6, 2012 | Posted in
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Roc Oil (Bohai) Company, a wholly owned subsidiary of ROC, advises that drilling has started on the second exploration/appraisal well ZD CP2N-H-2 in the Zhanghai Block, Bohai Bay (offshore China). The well is located in one of two adjoining blocks added to ROC’s existing Zhao Dong Block Contract (announced 25 March 2011). The drilling from [...]
November 27, 2012 | Posted in
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After it was yesterday reported that AAR consortium has agreed to sell its stake in TNK-BP for $28 billion to Rosneft, Bloomberg today announced that Rosneft has also tabled a similar bid for BP’s stake in TNK-BP. The value of the potential acquisition will reach an estimated $56 billion, which would be the second largest [...]
