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 infield workover activities planned for the balance of the year at Bridgeport’s producing fields.
Company Updates
Terrex appoints new CEO
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 second seismic crew in the coming months with a “significant new investment into state-of-the-art autonomous SmartSolo nodes”.
ExxonMobil drilling two exploration wells in Gippsland Basin
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 Diamond Offshore’s Ocean Monarch semi-submersible drilling rig.
Woodside targeting Senegalese oilfield production by 2022
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 on the horizon.
CGG Develops a Centre for Advanced Imaging for PETRONAS Carigali Sdn Bhd
CGG and PETRONAS Carigali, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), have agreed on collaboration to provide access to CGG’s latest technology and expertise in high-end seismic and multi-physics imaging and reservoir characterization, the Paris-based geoscience company announced. CGG said it had received a five-year contract by PETRONAS Carigali to develop a Centre for Advanced Imaging (CAI) to be operated by PETRONAS Carigali at its headquarters in the landmark PETRONAS Twin Towers in Kuala Lumpur, Malaysia.
FAR finalises well location for exploration program in Gambia
FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration programme. This follows reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR announced recently. The Samo Prospect lies immediately to the south and along trend from the giant SNE oil field in Senegal – a trend which has so far seen nine successful exploration and appraisal wells (at 100% success rate). The Samo-1 well will be located in approximately 1,017m water depth and 112km offshore Gambia in the highly prospective Mauritania-SenegalGuinea-Bissau-Conakry Basin.
Dorado oil well discovery is right off the top Shelf
Carnarvon Petroleum has announced that 171 million barrels of oil discovered at the Dorado well represented “one of the largest oil resources ever found on the North West Shelf”. The Perth-based explorer said oil fields of this scale were not often found, with the last large field discovery on the North West Shelf occurring about 30 years ago. “It is common for additional resources to be discovered in the surrounding area after a large discovery.
Bass says steady oil prices piqued production in July
Melbourne-based oil and gas producer Bass Oil says continued high monthly average oil prices of US$68.52 had piqued performance at its 55%-owned Tangai-Sukananti oil field onshore Sumatra, Indonesia, in July. The company said during July production volumes had totalled 11,350 barrels of oil (6,243 barrels net to Bass) and sales volumes 11,628 barrels of oil. However, production and sales had been impacted by scale problems at production wells. Bass said a remediation program underway was expected to restore daily production levels to those achieved in May, “with a strong full year (31 December 18) of oil production still expected”.
MGPalaeo and Petrosys to expand GPinfo’s Capabilities
MGPalaeo, Australian biostratigraphic experts, and Petrosys, an industry leader in mapping, surface-modeling and data-management software solutions, have signed an agreement that will allow data from MGPaleo’s AUSTRALIS™ geological database to be made available within the GPinfo data visualisation and manipulation package. In a media release, MGPalaeo announced that from August 2018, GPinfo subscribers will be able to view a high-level summary of all available geological data (biostratigraphy, lithostratigraphy, and sequence stratigraphic picks, plus wireline logs, checkshot surveys, deviation data, and more) within MGPalaeo’s AUSTRALIS database.
Ironbark takes its Cue for a delayed crescendo
Cue Energy has been granted a 12-month extension and suspension on exploration permit WA-359-P, host to the Ironbark gas prospect offshore Western Australia, entailing work commitment deferrals. The Melbourne headquartered oil and gas company said the National Offshore Petroleum Titles Administrator had notified it of the extension, which was to allow Cue to time for detailed well planning using newly available data and preparing for drilling the Ironbark-1 well, which is targeted for 2019.