http://info.diiinfo.com The premiere source for strategic insights and business intelligence for the international oil and gas industry. Mon, 21 May 2012 09:07:06 +0000 en hourly 1 http://wordpress.org/?v= http://info.diiinfo.com/2012/05/announcements/dii-scout-breaking-news-central-america-and-caribbean-3/ http://info.diiinfo.com/2012/05/announcements/dii-scout-breaking-news-central-america-and-caribbean-3/#comments Fri, 18 May 2012 20:29:04 +0000 Rosemary Mathalone http://info.diiinfo.com/?p=11580 Key Exploration Wells
Repsol – Jaguey 1

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/dii-scout-breaking-news-central-america-and-caribbean-3/feed/ 0 http://info.diiinfo.com/2012/05/announcements/southern-latin-america-dii-scout-63/ http://info.diiinfo.com/2012/05/announcements/southern-latin-america-dii-scout-63/#comments Fri, 18 May 2012 06:16:10 +0000 Scott Stewart http://info.diiinfo.com/?p=11571 Bolivia - Working Interest Changes
Brazil - Contract Modifications & Extensions, Significant Geophysical Operations, Key Exploration Wells, Discoveries & Commercial Declarations, Future Wells, Significant Field Development Operations
Falklands - Working Interest Changes, Key Exploration Wells
Peru - Other Acreage Acquisition Processes Including Farm-in Opportunities

Please find below an extract from the past weeks DII Scout

Brazil
Key Exploration Wells
Ceara Basin - Petrobras - BM-CE-2, Petrobras, using the Ocean Courage S/S, spud the 1BRSA1080CES new-field wildcat within the BM-CE-2 Block in the Ceara Basin. Located in water depth of 2,129m, the well has a PTD of 5,528m. Turbidites are the main target (Ubarana and Paracuru formations). Petrobras has drilled two deepwater wells in the basin during the early 1990s but did not drill very deep, the deepest well being the 1CES 0112 CE drilled to a TD of 4,450m in 1,290m water depth.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/southern-latin-america-dii-scout-63/feed/ 0 http://info.diiinfo.com/2012/05/announcements/western-africa-dii-scout-47/ http://info.diiinfo.com/2012/05/announcements/western-africa-dii-scout-47/#comments Thu, 17 May 2012 19:58:56 +0000 John Balch http://info.diiinfo.com/?p=11559 Côte d’Ivoire – New Awards, Ongoing Wells
Liberia – Key Wells
Namibia - Key Wells
Nigeria – Key Wells, Planned Wells
Sierra Leone – Licensing Round

Please find below an extract from the past weeks DII Scout

Nigeria
Discoveries and New Field Declarations
Oriental (Afren) - Ebok North Fault Block (OML 115) – Oil Discovery. On 14 May 2012 Afren announced that the Ebok North Fault Block 1 exploration well was an oil discovery. The well was spudded on 12 April 2012 and was drilled with the Transocean Adriatic IX jack-up drilling rig to a total depth of 1316 m. The well was targeting a separate fault block structure located to the north of the main Ebok field, and has successfully encountered 122.78 m net pay (TVT) of good quality oil in the same Tertiary reservoir sands equivalent to those that have been developed and are in production at the main Ebok field development. Logging operations at the Ebok NFB 1 were undertaken in the second week of May 2012 and indicated a Pmean STOIIP in excess of 100 MMb oil, towards the upper end of Afren's pre-drill expectations. The discovery of significant oil pay at this location underlines the high-grade prospectivity that exists across the wider Ebok/Okwok/OML 115 area, and represents an important step towards unlocking the full volume and value potential of what is a core hub of Afren's portfolio. The well will now be suspended whilst Afren and Oriental determine the optimal development solution for Ebok NFB. This will likely incorporate synergies using the existing production, storage and offtake infrastructure at the main Ebok field and could involve the early drilling of new production wells from the existing wellhead platform at Ebok West Fault Block, followed by a full field development of Ebok NFB. The Transocean Adriatic IX rig will commence the drilling of early production wells at the recent Okoro East discovery. Afren acquired an 348 sq km Ocean Bottom Cable (OBC) 3D seismic survey over the Ebok/Okwok/OML 115 area in 2011 and as with the Ufon prospect, well control data suggests the presence of an extensive “D” series sands horizon with up to 35 MMboe gross un-risked P50 resources. Interest in OML 115 is split between Oriental (50% + Operator) and Afren (50% Technical Operator), with Afren paying 100% pre cost recovery.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/western-africa-dii-scout-47/feed/ 0 http://info.diiinfo.com/2012/05/announcements/east-southern-africa-dii-scout-35/ http://info.diiinfo.com/2012/05/announcements/east-southern-africa-dii-scout-35/#comments Thu, 17 May 2012 18:05:52 +0000 John Balch http://info.diiinfo.com/?p=11547 Kenya – Initial Awards and Negotiations
Mozambique - Discoveries and New Field Declarations
Somalia (Puntland) - Key Wells
Tanzania - Current Geophysical Surveys, Discoveries and New Field Declarations

Please find below an extract from the past weeks DII Scout

Tanzania & Mozambique
Discoveries and New Field Declarations
In just two days this week three companies announced discoveries in the Rovuma basin adding a further 16- 36 Tcf of gas. On 15 May 2012, Anadarko and its partner Cove Energy reported that Golfinho 1 encountered more than 59 m net of natural gas pay in two high-quality Oligocene fan systems that are age-equivalent to, but geologically distinct from, the previous discoveries in the Prosperidade complex. The discovery adds an estimated 7 to 20-plus Tcf of incremental recoverable resources over a significant areal extent and is even more significant as it only lies 16 km offshore, providing potential cost advantages for future development options. On 16 May 20912 , BG and Ophir announced that the Mzia-1 well in Block 1 intersected a 178m gas bearing column with 55m of net pay in the Upper Cretaceous. Mean in place resource is estimated at 3.5 Tcf gas, with significant potential upside. In place low case, mean and high case resources estimated at 2.0 - 3.5 - 6.0 TCF respectively. Mzia 1 is located 45km off the coast of Tanzania and 45km north of the Mozambique maritime border and was drilled in a water depth of 1,639m. On the same day Eni announced that Coral 1 encountered a total of 75 m of gas pay in single high-quality Eocene sand and is particularly significant s as it confirms a new exploration play, which is estimated to contain between 7 and 10 Tcf of gas in place, exclusively on Rovuma Offshore Area 4. With these new results at Coral 1, Eni estimates that the resources exclusively located in Area 4 range between 15 and 20 Tcf of gas in place and the new discovery increases the total potential of the Mamba complex discovered to hold between 47 and 52 Tcf of gas in place. Coral 1 is located 65 km off the Capo Delgado coast in a water depth of 2,261 m and was drilled to a total depth of 4,869 m. There has been talk of a unitized and co-ordinated development with CEO level talks between Anadarko and Eni. But there are differences, Eni’s deeper water Area 4 discoveries seem to favour a floating LNG solution, Anadarko and BG’s shallower water discoveries seem to favour subsea tie backs to onshore LNG plants. The scale of BG’s discovery in Tanzania would seem indicate two or three train plant, whilst Anadarko has proposed a scalable LNG solution with first gas from two trains possible between 2015-2018 and then increasing to six or more trains. Both operating groups in are thought to be seeking investors with deepwater LNG development experience and Shell is in the process of finalising its acquisition of Cove Energy, which has an interest in BG’s Block 1 in Tanzania. The Rovuma basin is one of the last passive margin Tertiary delta systems in the world to be explored. Before Anadarko signed the original licence in December 2006, there had been very little exploration in the area, with a small amount of 2D seismic data and one exploratory well on the onshore part of the basin. The acquisition of high quality large scale surveys has provided the key to identifying subtle stratigraphic traps and increasingly accurate AVO analysis has yielded success rates of over 90%. The Rovuma basin is one of the last explored passive margin Tertiary delta systems in the world. It was initially thought to be a classic extensional-contractional system with early Tertiary to present day deformation, which was interpreted as a response to up-dip sediment loading and regional tilting, above a master detachment in the late Cretaceous to early Tertiary. Data from recent wells and 3D data has indicated a more complex extensional-contractional system with additional complexity created by an interplay of east-west trending fold and thrust belts. The basin has multiple source rocks and contains wide range of high-quality reservoirs rocks. All of the operators have reported that there many other prospects on their blocks and have extensive seismic and drilling programmes through the remainder of the year and into 2013.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/east-southern-africa-dii-scout-35/feed/ 0 http://info.diiinfo.com/2012/05/announcements/australasia-dii-scout-63/ http://info.diiinfo.com/2012/05/announcements/australasia-dii-scout-63/#comments Thu, 17 May 2012 10:34:42 +0000 Chester Chua http://info.diiinfo.com/?p=11532 Papua New Guinea – Wells update

Please find below an extract from the past weeks DII Scout

Australia
Bid Rounds
The Australia 2012 Offshore Petroleum Exploration Acreage Release was officially launched on 14 May 2012 at the 2012 APPEA conference held in Adelaide, Australia. A total of 27 areas have been opened for tender. The Australia 2012 Offshore Petroleum Exploration Acreage Release Round 1 will close on 8 November 2012. A total of 15 areas have been put into the round, the areas are NT12-3, W12-1 and W12-2 located in the Bonaparte Basin, W12-3, W12-4 and W12-5 located in the Browse Basin, W12-8, W12-9, W12-12, W12-13 and W12-4 located in the Carnarvon Basin, V12-1, V12-2, T12-1 and S12-4 located in the Otway Basin. The Australia 2012 Offshore Petroleum Exploration Acreage Release Round 2 will close on 9 May 2013. A total of 12 areas have been put into the round, the areas are NT12-1 and NT12-2 located in the Arafura Basin and Money Shoal Basin, W12-6 and W12-7 located in the Roebuck Basin, W12-10 and W12-11 located in the Exmouth Basin, S12-1, S12-2 and S12-3 located in the Bight Basin, T12-2 located in the Sorell Basin and V12-3 and V12-4 located in the Gippsland Basin.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/australasia-dii-scout-63/feed/ 0 http://info.diiinfo.com/2012/05/announcements/south-east-asia-dii-scout-60/ http://info.diiinfo.com/2012/05/announcements/south-east-asia-dii-scout-60/#comments Thu, 17 May 2012 09:48:34 +0000 Mark Harris http://info.diiinfo.com/?p=11515 Malaysia – Seismic update.
Vietnam – Contract relinquishments, drilling updates & new production data.

Please find below an extract from the past weeks DII Scout

Vietnam
Contract Relinquishments
SOCO announced on 16 May 2012 that, whilst the results of the interpretation of the new 3D seismic, acquired over the Cuu Long Basin Block 16-1 Te Giac Den Appraisal Area in late 2011, enhanced the understanding of the area, the company concluded that it was not in shareholders' best interests to drill another well in the block on a sole risk basis. Although farm-out discussions were held with interested parties, a definitive agreement could not be reached. As a consequence, SOCO has informed the relevant authorities that it relinquished the TGD appraisal area upon the expiry of its option to drill, which ended 30 April 2012.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/south-east-asia-dii-scout-60/feed/ 0 http://info.diiinfo.com/2012/05/announcements/east-southern-africa-breaking-news-13/ http://info.diiinfo.com/2012/05/announcements/east-southern-africa-breaking-news-13/#comments Wed, 16 May 2012 16:49:38 +0000 John Balch http://info.diiinfo.com/?p=11510 Discoveries and New Field Declarations
BG – Mzia 1 (Block 1) – Gas discovery.

Mozambique
Discoveries and New Field Declarations
ENI – Coral 1 (Rovuma Offshore Area 4) – Gas discovery.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/east-southern-africa-breaking-news-13/feed/ 0 http://info.diiinfo.com/2012/05/announcements/central-latin-america-dii-scout-36/ http://info.diiinfo.com/2012/05/announcements/central-latin-america-dii-scout-36/#comments Wed, 16 May 2012 10:27:19 +0000 Rosemary Mathalone http://info.diiinfo.com/?p=11501 Belize - Key Exploration Wells
Guatemala - Company Activity
Mexico - Future Wells, Significant Field Development Operations
Suriname - Significant Geophysical Operations
Trinidad - Initial Contract Awards, Official Contract Awards, Company Activity, Key Exploration Wells

Please find below an extract from the past weeks DII Scout

Guatemala
Company Activity
Ivanhoe Energy, Coban Oil and Gas. On 9 May 2012, Ivanhoe Energy signed a Memorandum of Understanding (MOU) with Coban Oil and Gas to assess the feasibility of building a Heavy to Light (HTL) facility to upgrade heavy crude oil in Guatemala, both for domestic consumption and international export. The HTL facility will be required to upgrade at least 10,000 bopd of crude oil. Upon the conclusion of the feasibility work the parties expect to execute a Definitive Agreement to create a joint venture company to build the facility which will be licenced for operation in Guatemala.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/central-latin-america-dii-scout-36/feed/ 0 http://info.diiinfo.com/2012/05/announcements/northern-latin-america-dii-scout-63/ http://info.diiinfo.com/2012/05/announcements/northern-latin-america-dii-scout-63/#comments Wed, 16 May 2012 09:56:25 +0000 Scott Stewart http://info.diiinfo.com/?p=11492 Ecuador - Bid Rounds
Suriname - Significant Geophysical Operations
Trinidad - Initial Contract Awards, Official Contract Awards, Company Activity, Key Exploration Wells
Venezuela - Geopolitical & Territorial Background

Please find below an extract from the past weeks DII Scout

Colombia
Discoveries and Commercial Declarations
Tecpetrol – Atarraya 1. On 9 May 2012, Tecpetrol made an oil discovery with new field wildcat Atarraya 1 on the Llanos Basin CPO-7 Block, according to a press release from its 20% partner in the block Petronova. The well was tested on a 4m interval in the Upper Carbonera C-7 sand and had a natural flow on a 1” choke of 830 bo/d for a seven hour period. The oil was 23 degrees API gravity with only a one half percent water cut. Total test period was for 25 hours with varying choke sizes. The average porosity was 27% for the producing interval. The well will now be completed in that interval and tested on a jet pump to determine its true potential. Extended production tests are also planned after permits are obtained. Four other prospective sands were also encountered in the Carbonera C-7 interval. The Atarraya 1 was spud on 14 April 2012 and reached a total depth of 1,496m in less than two weeks. Planned total depth of the well was 1,524m with objectives in the Carbonera C-7 interval and the Mirador Formation. The well is located between the Ocelot and Caracara fields about 15km northeast of the latter. Tecpetrol plans two more exploration wells on the block.

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/northern-latin-america-dii-scout-63/feed/ 0 http://info.diiinfo.com/2012/05/announcements/northern-africa-dii-scout-51/ http://info.diiinfo.com/2012/05/announcements/northern-africa-dii-scout-51/#comments Tue, 15 May 2012 15:34:06 +0000 John Balch http://info.diiinfo.com/?p=11470 Tunisia – Other Acreage Acquisition Processes Including Farm-In Opportunities, Geophysical Surveys, Planned Wells
Libya - Other Acreage Acquisition Processes Including Farm-In Opportunities
Morocco – Other Acreage Acquisition Processes Including Farm-In Opportunities, Geophysical Operations

Please find below an extract from the past weeks DII Scout

Egypt
Company News
NPC Egypt (Golden Crescent) – Acquisition by Sea Dragon. On 11 May 2012, Sea Dragon Energy Inc announced that it had entered into a second amended and restated share purchase agreement with Golden Crescent Investments Ltd. whereby Sea Dragon will acquire, directly or indirectly, all of the issued and outstanding shares of National Petroleum Company Egypt Limited. This follows an earlier announcement (2 May 2012) made by Sea Dragon Energy Inc that on 30 April 2012, shareholders had approved the acquisition of all of the issued and outstanding shares of National Petroleum Company Egypt Limited from Golden Crescent Investments. Previously (8 March 2012) Sea Dragon announced that it had reached a non-binding understanding with Golden Crescent related to revised terms for the acquisition of NPC Egypt. As previously reported by DrillingInfo International, on 24 February 2012, Canadian based Sea Dragon Energy Inc announced it would revisit the terms of an agreement with Golden Crescent Investments Ltd, regarding the acquisition of National Petroleum Company Egypt Limited (NPC Egypt).

To read the rest of this post you must be subscribed to this region. If you are already subscribed to this region please log in.

To subscribe please email Sales or call (888) 477.7667 Ext. 1.]]> http://info.diiinfo.com/2012/05/announcements/northern-africa-dii-scout-51/feed/ 0