Exclusives

Heriot Watt University in Edinburgh has run a consortium devoted to time-lapse seismic, not within its geophysics department but within its petroleum engineering department.

A succession of high-profile speakers at the annual SPE/IADC Drilling Conference in London lined up to outline some of the long-term measures their companies have undertaken to raise their game.

The country plans to offer additional acreage onshore and offshore later this year.

The proposal includes an investment allowance, reversal of the increased supplementary charge and a new exploration tax credit.

Vast shale deposits are beckoning, but the geology needs to work.

Deepwater International

Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.

Various subsea equipment will be delivered throughout 2015 and 2016.

GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.

Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

Through a cooperation agreement, multiclient seismic imaging company Spectrum Geo and oilfield services company Schlumberger Ltd. will jointly acquire and process Spectrum’s offshore Mexico Campeche-Yucatan 2-D regional multiclient program.

Well 7324/8-2was drilled about 6 km southeast of oil discovery 7324/8-1 "Wisting" in the Barents Sea. The well is also 310 km north of Hammerfest.

Tampen survey will cover a mature, high-potential area encompassing Statfjord, Gullfaks, Snorre and Osberg fields in Norway and several U.K. fields. Survey extension is expected to be completed in 2016.

Well 6507/11-11 will be first well drilled in production license 591 near Heidrun and Njord fields in Norwegian North Sea. The license 591 was awarded on Feb. 4, 2011.

Tanzania could lead East Africa LNG exports through Shell’s takeover of BG Group, Bloomberg said. Stakes in three blocks offshore Tanzania, holding one-third of estimated resource, are included in deal.

Production

The production license is valid until 2035 and covers about 50 sq km. Morskaya Field might  hold 157Mboe in gross contingent resources. 

LLC Petroresurs owns the field. 

Shell CEO Ben Van Beurden is in China discussing how Shell and BG Group merger won’t negatively affect China. But Shell/BG will have clout in global LNG market, Bloomberg said.

The well will be drilled in the block about 4.5 km north of the Hyme Field and about 22 km northeast of the Njord Field.

BP Plc expects to drill in the Great Australian Bight offshore southern Australia later than expected, Bloomberg said. Delivery of  Diamond Offshore Drilling/Hyundai Heavy Industries rig could be delayed.

Participating companies must have made discoveries in the Barents Sea and/or have two or more operated licenses north of 73 degrees north. The project will begin immediately.

Subsea Engineering

The threat of possible strike action continues to hang over the U.K. North Sea.

The latest international survey of the offshore oil and gas sector reminds the industry of some of its worst ills that have only been exacerbated by the current low-price environment.

The rampant cost inflation which U.K. North Sea producers have been battling against in recent years was starkly highlighted at an industry event in Aberdeen.

The UK government has finally unveiled a package of measures to help the country’s ailing offshore industry which it says will encourage more than £4bn of additional investment over the next five years. 

The major problems facing the drilling industry become more apparent as each week passes.

Technology

Paul Rowsey was appointed nonexecutive chairman of the board at offshore service provider Ensco Plc following Dan Rabun’s retirement.

Rowsey has been a member of the board since 2000.

London-based offshore engineering, construction and service contractor Subsea 7 SA will reduce its global workforce to about 2,500 employees by early 2016, and its global fleet to 11 vessels. 

Phil Middleton became group managing director of subsea marine electronic equipment rental company Seatronics Ltd. He previously was deputy managing director, and has 21 years’ oil and gas industry experience.

BP has appointed Paula Rosput Reynolds and Sir John Sawers as non-executive directors with immediate effect, the company said in a news release.

GE Oil & Gas and Enpro Subsea will jointly market cost-effective fluid intervention and other well intervention services. The nonexclusive partnership is already underway in West Africa.