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Regional Update

Africa

  • The Ivoire-1X exploration well discovered oil in the west zone of Block CI-100 offshore the Ivory Coast. The well, located in 2280 m of water, found approximately 92 ft of net oil pay in Cretaceous reservoirs. The oil is light with a gravity of 35 °API. Total E&P Côte d’Ivoire (60%) operates the block in partnership with Yam’s Petroleum (25%) and Petroci (15%).
  • An Initial drillstem test on the Mzia-2 well in Block 1 flowed at a maximum rate of 57 million ft3 of gas per day, increasing the estimated recoverable resources from the field to 4.5 trillion ft3. This is the first test carried out on a Cretaceous discovery in deepwater offshore Tanzania. BG (60%) is the operator in partnership with Ophir Energy (40%).

Asia

  • Oil was found at the Hai Su Trang and Hai Su Den development within Block 15-2/01 offshore Vietnam. The facilities are expected to reach 15,000 B/D gross production once fully commissioned. Thang Long Joint Operating is the operator with Talisman Energy holding a 30% interest and Petrovietnam a 40% interest.
  • Production has begun from the Wei Zhou 6-12 oil field in the Beibu Gulf basin in the north part of the South China Sea. The project has 10 producing wells drilled at an average water depth of 29.2 m. CNOOC has a 51% operating interest in partnership with Roc Oil, Horizon Oil, and Oil Australia.
  • Salamander Energy signed production-sharing contracts for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan in Indonesia. Each area covers approximately 2,214 sq miles. Salamander holds a 100% working interest.
  • Oil was discovered in three wells offshore and onshore eastern and western India. Oil & Natural Gas will invest USD 386 million to revamp its facilities, which includes acquiring technology to improve output from three of its eastern offshore producing fields, installing surveillance facilities, and developing three shallow-water wells in the eastern offshore area.
  • Drilling has begun on the ZMA-E5 development well in the Zhana Makat field in Block E in Kazakhstan. The planned depth is 885 m targeting Jurassic reservoirs. The well is operated by Max Petroleum.

Australia

  • Drilling has begun on the Ngapaeruru-1 exploration well in the East Coast Basin of New Zealand. The well targets the Waipawa black shale and Whangai source rock formations at a depth of 1800 m. Tag Oil is the operator with a 100% interest.
  • Elfin-1 exploration well struck 40 m of net gas pay in the upper Mungaroo sands of the Carnarvon Basin offshore Australia. The well was drilled to a total depth of 3630 m. Chevron Australia (50%) is the operator in partnership with Shell Development Australia (25%) and Mobil Australia Resources (25%).
  • Oil production has commenced in the Fletcher Finucane project in the Carnarvon Basin offshore Western Australia. The development has estimated gross proved and probable reserves of 14 million bbl, and the field is expected to produce at a rate of 15,000 B/D for the first year. Santos is the operator with a 44% interest.

Europe

  • Oil was discovered at two Bonneville exploration wells—28/9a-6 and 28/9a-6z—in the North Sea. The discoveries are estimated to contain approximately 30 million bbl. Premier Oil (50%) is the operator in partnership with Cairn Energy (30%) and Wintershall (20%).
  • Drilling has begun on the 44/23-1 well at the Dunquin exploration prospect offshore Ireland. The Dunquin field is estimated to contain approximately 1.7 billion BOE. ExxonMobil (27.5%) is the operator in partnership with Eni (27.5%), Repsol (25%), Providence Resources (16%), and Sosina Exploration (4%).
  • The 34/10-A-8 well on the Gullfaks A platform in the Norwegian North Sea found additional resources within the Shetland group/Lista formation. Preliminary calculations indicate that the discovery contains between 40 million and 150 million recoverable BOE, and the well is currently flowing at a rate of 7,500 B/D. Statoil (70%) is the operator in partnership with Petoro (30%).
  • The Tonto-1 well struck 62 ft of net oil pay in the British waters of the North Sea. The initial production rate was 10,346 B/D. The well was drilled to 1928 m and encountered oil pay in an Eocene-aged sandstone reservoir. Apache holds a 100% working interest.

Middle East

  • Natural gas was discovered at the Karish prospect offshore Israel. The well was drilled to a total depth of 15,783 ft and holds 184 ft of net natural gas pay in high-quality lower Miocene sands. Noble Energy (47.06%) operates the block in partnership with Delek (26.47%) and Avner Oil (26.47%).

North America

  • The Bureau of Ocean Energy Management will offer more than 21 million acres offshore Texas for exploration and production in a lease sale in August in New Orleans. The acreage includes 3,953 blocks located 9 miles to 250 miles offshore in water depths ranging from 5 m to 3346 m. The fields are estimated to generate production of 116 to 200 million bbl of oil and 538 to 938 Bcf of natural gas.
  • The Phobos-1 well encountered approximately 250 net ft of oil pay in Lower Tertiary-aged reservoirs. The well is located in the Sigsbee Escarpment Block 39 in the Gulf of Mexico and was drilled to a total depth of 8740 m. Anadarko (30%) is the operator in partnership with Plains Exploration & Production (50%) and ExxonMobil (20%).
  • Oil was discovered in three wells in Alaska—Qugruk 1, Qugruk 3, and Qugruk 6. The wells were drilled to total depths of 2493 m, 3214 m, and 2637 m, respectively. Repsol (30%) operates the discovering consortium in partnership with 70 & 48, a subsidiary of Armstrong Oil and Gas, (22.5%), and GMT Exploration (7.5%).

South America

  • Oil was discovered in two of three wells drilled in the Santos basin. Karoon Gas Australia owns 65% of the venture in partnership with Pacific Rubiales Energy.