OMV Petrom has made an oil discovery in an exploration well drilled in the Istria XVIII offshore Perimeter (shallow water) in the Romanian Black Sea. Marina 1 was drilled 60km offshore, to a depth of about 2150m below the seabed in about 50m water depth…
China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced. Drilling, using the 2011-delivered, deepwater, HYSY-981…
Repsol announced a new hydrocarbon discovery in the TB14 well at the Teak field, off the southeast coast of Trinidad. The discovery in the northern part of the Teak B field is estimated to contain more than 40MMbo in place, which increases…
Centrica Energy has started drilling on the Pegasus West well 43/13b-7 on P1724 in the UKCS. The well is being drilled with the Noble Julie Robertson jackup rig in 95ft water depthabout 7km WSW of the 43/13b-6Z Pegasus North discovery well…
A second production well on Nexen Petroleum's Blackbird field in the UK North Sea has reached 7000bbl/d under a constrained production test, according to partner Atlantic Petroleum. The well, 20/02a-B3, was constrained by surface equipment…
Dragon Oil secured its first operatorship outside Turkmenistan and expects production to reach up to 90,000bo/d by the end of the year. Dr Abdul Jaleel Al Khalifa, Dragon Oil's CEO, said: 'We are pleased to report that the contract has been signed for Block 19 East Zeit Bay…
Karoon Gas Australia Ltd. reached an agreement with QGOG Constellation S.A. to contract the semisubmersible drilling rig Olinda Star. The contract includes the drilling of up to four wells offshore Brazil, in Karoon’s S-M-1037, 1101, 1102…
African Petroleum Corporation has agreed a farm-out deal with Buried Hill Africa on Block CI-509 offshore Côte d’Ivoire (Ivory Coast), west Africa. Buried Hill will get a 10% interest in the block in return for funding 21.1% of the…
UK-based independent explorer EnQuest has taken over a 70% stake in the Didon concession offshore Tunisia from Sweden's PA Resources for US$23 million. A deal to take over a stake in the Zarat permit, agreed at the same time as the deal on Didon…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
On 9 July, Norway's Petroleum Safety Authority granted consent for Statoil to use the semisubmersible drilling rig Transocean Spitsbergen to drill exploration well 7125 4-3 Ensis at Production Licence 393 in the Barents Sea. The drilling location is about 42 km from the nearest land…
Oil production began today at the Dua oil project, operated by Premier Oil offshore Vietnam, 40 years after the field was discovered. The Dua field discovery well, Dua-1X, was drilled in 1974 and flowed 1500 bo/d. Premier Oil acquired…
VNG Norge has discovered oil on the Bue well, in production license (PL) 586, offshore Norway, and increased its resource estimate for the nearby Pil discovery, in the same license. The combined resource of both finds has been estimated at 80-200MMboe by partner Faroe petroleum…
Kongsberg Oil & Gas Technologies, a wholly owned subsidiary of Kongsberg Gruppen, has signed a four-year, multi-million dollar drilling data contract with Vienna-based OMV Group for all of its global drilling activities. The contract…
AP Moller-Maersk subsidiary Maersk Olie og Gas (Maersk Oil) will take a US$1.7 billion impairment on its Brazilian assets, it announced 9 July. The Danish company specifically cited disappointing appraisals as one of the reasons it has “revised…
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