W&T Offshore, Inc. (NYSE: WTI) announced on 25 July 2013 that it made a subsalt discovery in a deep shelf exploratory target beneath its Ship Shoal 349 Mahogany field. The SS 359 A-14 well exceeded expectations and is currently producing from the targeted T-sand (in excess of 17…
Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water. Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…
Petrobras encountered oil in well 3-SPS-101 (3-BRSA-1179-SPS), in the Carioca Discovery Evaluation Plan area, block BM-S-9, Santos Basin pre-salt. The well, also known as Iguaçu Mirim, is located 303km off the coast of the state of São Paulo…
Shell has hit an oil-bearing zone at its Yucatan North-1 exploration well in the US Gulf of Mexico, Shell's partner Inpex confirmed. The oil-bearing zone, located within Walker Ridge 95/96/139/140 blocks, contains approximately 36m net pay…
Salamander Energy plc encountered oil at its G4/50-5 exploration well in the Surin prospect in the central portion of the Western sub-basin, Block G4/50, in the Gulf of Thailand, the company announced on 6 August 2013. Oil was discovered…
Offshore drilling solutions provider AGR Enhanced Drilling (AGR ED)has further secured its position in the Caspian after BP signed a two-year contract extension with the Norwegian company. The contract was signed by BP Exploration (Caspian Sea) Ltd…
Newly released remotely operated vehicle (ROV) statistics from the International Marine Contractors Association (IMCA) show there has been an increase of members’ ROV-based construction, drill support and cable-laying activities since IMCA started collecting figures on a worldwide basis in 2009…
AnTech Ltd. secured an investment from Saudi Aramco Energy Ventures (SAEV) and Londonbased Calculus Capital. The funding is being used to launch AnTech’s new DCTD service capability so that it can use its bespoke systems to deliver cost-effective…
The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
Pemex Exploration and Production has recently drilled three successful wells testing the deepwater Perdido Fold Belt, but questions remain about the NOC’s timing to develop the offshore discoveries. Mexico’s earliest deepwater exploration was in 2003…
Baker Hughes Inc. announced that its subsidiary, Baker Hughes Oilfield Operations, Inc., successfully deployed the Hughes Christensen Kymera™ hybrid drill bit for Statoil to improve rate of penetration (ROP) and drilling performance in an appraisal well in deepwater Logan field…
Irish independent Circle Oil Plc announced today that its subsidiary, Circle Oil Tunisia Ltd., has increased its stake in the offshore Mahdia license to 100%, after acquiring the remaining 30% working interest from Tethys Oil & Mining Inc…
Shales are very fine-grained, clastic rocks that lose porosity through compaction. Sedimentary basins typically contain about 70% shale, Figure 1. Quantifying shale properties helps with predrill geologic and seismic interpretation, basin modeling…
Salamander Energy plc began its six-well exploration program in block G4/50, Gulf of Thailand. The first well, G4/50-4, was spudded at the end of June. It is being drilled on the Rayong prospect in the northeast section of the block in the central Kra sub-basin…
China National Offshore Oil Corp. (CNOOC) signed a PSC with PetroBroad Copower Ltd. for block 28/03 in the Pearl River Mouth Basin. Block 28/03 covers 68sq km with 95m water depth. PetroBroad will acquire 3D seismic surveys and drill exploration wells during the exploration period…