The underexplored Great Australian Bight off the coast of South Australia remains high on BP’s agenda with the supermajor taking the chance to talk up the opportunities of the frontier basin at the Appea conference and exhibition.
Milestone 800Mbbl/d oil production in Santos and Campos basin presalt fields was reached April 11. Petrobras’ share is about 74%. Remainder belongs to partner companies working in different presalt areas.
The Interior Department approved Royal Dutch Shell Plc’s two-rig, six-well plan in the Chukchi Sea, Bloomberg said. Arctic seas contain 24Bbbl of oil, the U.S. Geological Survey said.
Australia's Titan Energy Ltd. started commercial production on first well in multiwell program in Allen Dome area of Brazoria County, Texas. Titan has planned a five-well program in Allen Dome.
South Africa’s semi-desert Karoo region may hold as much as 390 trillion cubic feet of shale gas, which the government wants to tap to alleviate energy shortages, Bloomberg said.
Otto Energy Ltd., joint-venture partner of Red Emperor Resources NL in Block SC55 in the Palawan Basin offshore Philippines, executed a binding contract with Maersk Drilling to secure a drillship.
Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future.
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.
As companies including OAO Gazprom, OAO Novatek and OAO Rosneft get new Siberian gas fields up and running, they’re also boosting output of ultralight condensate, Bloomberg said.
Test results confirmed two 24 m-thick light oil intervals in good-porosity reservoirs. Well 3-BRSA-1296-SES is third extension well in Moita Bonita area, discovered August 2012.
Number of oil and natural gas wells forecast to be drilled this year will plunge to 5,320 from 10,830 in 2014, according to Petroleum Services Association of Canada, Bloomberg said.
BP Plc plans to drill Great Australian Bight, home to several endangered species, in about a year, Bloomberg said. Environmentalists say full emergency spill response plans aren’t yet disclosed.