Sri Lanka Signs Deal for $50 Mln Offshore Seismic Study
Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S.
Live Oil Discovered Onshore Jamaica
CGG GeoConsulting and Petroleum Corporation of Jamaica Announce First Reported Discovery of Live Oil Onshore Jamaica. CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.
Building a National Resource Offshore Brazil
CGG has been present in Brazil for over 55 years, since the company began working with Petrobras in 1961. Its long-established Rio de Janeiro Subsurface Imaging Center, with its strong reservoir characterization group, has the largest computer capacity and greatest expertise in the region. In 2010, CGG also opened a technology center in Rio with a world-class R&D team, working with Petrobras and other local agencies to focus on solving local geoscience challenges. The company’s commitment to Brazil is demonstrated by its investment in over 170…
Play Fairway Mapping is Key in the North Sea
Regional play fairway mapping is the key to locating remaining prospectivity in the prolific North Sea hydrocarbon province, according to the new Ternan play evaluation report released by global energy services company LR Senergy. The Ternan 2015 Integrated North Sea Report is the latest in a series of regional play fairway evaluations that analyze petroleum systems and provide exploration specialists with a unique insight into the regional risk factors that impact subsurface studies. The reports are designed for evaluation and screening of exploration opportunities.
Celtic Sea Portfolio Update
Fastnet Oil & Gas plc focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, provided an update on its Celtic Sea portfolio. · Award of new operated licensing option named the Ventry Licensing Option ("Ventry") in the North Celtic Sea Basin. o 100% working interest in the Ventry Licensing Option covering 996 km2 over blocks 55/13 and part of blocks 55/7, 55/8, 55/12, 55/17, 55/18 and 55/19. o Contiguous with and extending westwards from the previously awarded Mizzen Licensing Option 12/3 and East Mizzen Licensing Option 13/3.
Chariot Oil & Gas Get Licences for 3 Blocks in Namibia
Namibian Portfolio. In an update it informed about its Namibian portfolio, its repositioning in the region and forward work programmes across these licences. These steps improve Chariot's negotiating position in partnering discussions and provide further commercial optionality. The move also aligns this part of Chariot's portfolio with its strategy of being a fast follower and managing risk whilst retaining significant equity and acreage positions. In line with this strategy…
Can Shale Revive China's flagging oil fields?
"I believe and will prove that our country is not deficient in oil reserves. Those comments, recorded in an illustrated history of the Songliao Basin published by China National Petroleum Corporation (CNPC), are attributed to Wang Jinxi, an oil field worker who became a hero of Communist China during the 1960s and 1970s. Wang's Drill Team No. 1205 was credited with doing more than any other to develop the super-giant Daqing oil field amid the frozen swamps of northeast China.
Chariot Agrees Brazil Farm Out with AziLat
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited through its local subsidiary AziBras Exploração de Petróleo e Gás Ltda. Following completion of this agreement, which is subject to the approval of the Brazilian authorities, AziLat will hold a 25% equity interest in Chariot's BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 blocks in the Barreirinhas Basin…
Woodside Acquires Exploration Acreage in Gabon
Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin. Block F15 is located 140 km off the south-western coast of Gabon and covers over 2,700 km². Water depths range from 2,300 to 3,000 m. Noble Energy has a 60% participating interest in the EEPSC and will be the Operator. The EEPSC has a seismic commitment and option for future drilling. Woodside CEO Peter Coleman…
First Shale Core Samples Drilled by SD School of Mines & Technology
Drilling began last week for the first shale samples to be analyzed in a range of advanced laboratory tests that could ultimately lead to enhanced energy production, carbon dioxide sequestration, underground hydrocarbon storage and waste disposal. The drilling in Fort Pierre is expected to be completed this week. Scientists and engineers will analyze what could be more than 3,000 pounds of shale samples in various laboratories throughout the South Dakota School of Mines & Technology campus and its partner RESPEC, a national engineering consulting company based in Rapid City.
SD Mines & Tech School Testifies on Energy Efforts
The South Dakota School of Mines & Technology is poised to become one of America’s educational leaders in advanced exploration and production, meeting a growing need of the energy industry, according to university testimony before the House Subcommittee on Energy and Mineral Resources today in Washington, D.C. Centrally located among three of the most important energy producing areas on the North American continent, the SD School of Mines & Technology is leveraging faculty research expertise in petro physics, water resources and materials development.
