Company Updates

Woodside confirms successful Shwee Yee Htun-2 appraisal well offshore Myanmar

02/10/2018 Posted by Dale

Woodside has announced that the Shwe Yee Htun-2 appraisal well in Block A-6, located offshore Myanmar, has successfully appraised the 2016 Shwe Yee Htun-1 discovery. The Shwe Yee Htun-2 appraisal well was drilled down-dip from the Shwe Yee Htun-1 well and intersected a gross gas column of 168 m (measured depth rotary table (MDRT)) (143 m true vertical thickness). A total of 41 m of net pay (true vertical thickness) has been interpreted within a high quality-reservoir. The gas column...

Jadestone satisfies conditions for Montara acquisition from PTTEP

25/09/2018 Posted by Dale

Jadestone Energy has satisfied all conditions precedent to its proposed acquisition of the Montara oil project, offshore Australia, from Thailand’s PTTEP. The independent oil and gas producer announced on Friday that the transaction was expected to complete within 10 days. PTTEP announced its decision to divest its 100% stake in the Montara field to align with the company’s business strategy aimed to focus on the operations and projects in strategic locations back in mid-July. The...

Cairn evaluating FPSO tender bids for SNE

17/09/2018 Posted by Dale

Cairn Energy is assessing tender responses for the FPSO facility and subsea infrastructure for its SNE field development, offshore Senegal, ahead of the front end engineering and design (FEED) phase planned for the fourth quarter of this year. Cairn, as operator, has a 40% working interest in three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore and Rufisque Offshore) alongside partners, Woodside 35% WI, FAR 15% WI, and the Senegal National Oil Company, Petrosen 10% WI, which...

TGS announces new 3D multi-client survey off West Africa

17/09/2018 Posted by Dale

Norwegian geoscientist data company TGS has announced that it will commence a new 3D multi-client in West Africa in the early fourth quarter of this year. TGS said that Jaan, a fully harmonized 3D multi-client project, will cover the southern portion of the MSGBC Basin from northern Senegal, through Gambia and the AGC zone into Guinea-Bissau and down to the Guinea transform fault. The project will consist of 11,135 square kilometres of new acquisition complemented by the reprocessing...

CGG’s MotionMap UK Data ‘Enhances Ground Risk Reports of Terrafirma Search’

17/09/2018 Posted by Dale

High-precision ground stability measurements from CGG’s recently released MotionMap UK database will now be used to enhance the specialist ground risk reports of Terrafirma Search, the UK’s leading independent advisor on ground hazards. After signing a multi-year agreement with CGG, Terrafirma becomes one of the first UK companies to include the latest-generation MotionMap UK data, which reveals millimeter-scale changes in ground and building heights, in their suite of geological,...

Oil Spill Response achieves first air transport of fully-assembled capping stack

10/09/2018 Posted by Dale

Oil Spill Response Limited (OSRL) has reached another important milestone in the development of its subsea capping and containment response capabilities – successfully completing an air transport test flight of a fully assembled subsea capping stack for the first time. OSRL said the newly demonstrated capability has the potential to significantly reduce capping stack mobilisation times, and represents the realisation of a key objective for the company and all those involved in its...

Bridgeport Energy completes three-month refurbishment of self-owned rig

10/09/2018 Posted by Dale

Bridgeport Energy has announced that its BDR-1 rig, which is capable of drilling to depths of up to 2,500m, commenced the first of five oil development wells on 31 August. The two-month campaign was started in the Surat Basin on the Moonie field with Moonie-46, which will be follow by Moonie-45. Thereafter the rig will move to the Cooper Basin where it will drill three development wells on the Utopia field. Bridgeport said the rig will then go back into service mode to continue with...

Terrex appoints new CEO

10/09/2018 Posted by Dale

Terrex Seismic has announced the appointment of Dave Stegemann as its new CEO, bringing over selected senior management from Geokinetics Australia. Dave Stegemann is a highly regarded industry leader with 25 years of experience in the global seismic exploration industry, including five years as Managing Director of Geokinetics Australia before its assets were recently acquired by US-based SAExploration. Terrex said Stegemann’s appointment comes as the company prepares to launch a...

ExxonMobil drilling two exploration wells in Gippsland Basin

03/09/2018 Posted by Dale

ExxonMobil has commenced an offshore exploration drilling program in the Gippsland Basin in the search for new sources of gas supplies. ExxonMobil said that it was drilling two exploration wells, Baldfish and Hairtail, on the VIC/P70 block, located approximately 90km off the East Gippsland Victorian coast, in which Exxon’s Australian subsidiary Esso Deepwater Gippsland holds a 100 percent interest. The operation is expected to take several months and the wells are being drilled by...

Woodside targeting Senegalese oilfield production by 2022

03/09/2018 Posted by Dale

Woodside, is aiming to commercialise Senegal’s first ever oilfield by 2022, Mr Jamie Stewart, Woodside’s Business Integration Manager for the Senegal Field Development, told the Paydirt 2018 Africa Down Under mining conference in Perth last week. In an update on the SNE Development – Phase 1, Mr Stewart said a number of important items have already been ticked off in the lead-up to a Final Investment Decision (FID) in 2019 for the world-scale project, with a number of key decisions...