Thursday, 28 July 2016

Production started at new gas fields in Medimurje project, Croatia - 28/07/2016

Production started at new gas fields in Medimurje project, Croatia

MOL’s Croatian subsidiary INA has successfully started its test production in two of its gas fields in Croatia, following a USD 64mn (HRK 450 mn) investment program in the Međimurje project.

INA has begun the test production of gas at two of its fields, Vučkovec and Zebanec, as part of its Međimurje project. At the third field, Vukanovec, production is expected to begin in early 2017.

Incremental production is estimated at around 2,000 barrels of oil equivalent per day in H2 2016 on average and it is expected to further increase in 2017.

INA has invested USD 64mn (HRK 450 million) in the project. Five production wells were drilled and equipped along with a total of 100 kilometers of new pipeline. Cumulative yield of gas is estimated to be at around 1 billion cubic meters and the vast majority is to be exploited by 2024. 

An additional main objective is that the carbon dioxide that is being extracted from the fields in the Međimurje project will be transported to the Žutica and Ivanić oil basins via pipeline. It will then be reinjected into the ground in the frame of INA’s ongoing EOR project. 

Dr. Berislav Gašo, MOL Group’s E&P COO commented: “The Međimurje project, along with our comprehensive production optimization program in CEE, is yet another important part of MOL Group’s efforts to maximize the extraction of profitable barrels of hydrocarbons, which helps to ensure that our portfolio is creating value even in the current oil price environment. The expected incremental production of around 2,000 barrels of oil equivalent per day will keep onshore hydrocarbon production in Croatia on its growing trend.”

Tuesday, 26 July 2016

Drilling permit for well 6407/7-9 S in production licence 107 C - 26/07/2016

Drilling permit for well 6407/7-9 S in production licence 107 C

The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 6407/7-9 S, cf. Section 8 of the Resource Management Regulations.
The well will be drilled from the Songa Delta drilling facility at position 64°18’59.30’’ north and 07°09’24.30’’ east.

The drilling programme for well 6407/7-9 S relates to drilling of an exploration well in production licence PL 107 C. Statoil Petroleum AS is the operator with an ownership interest of 20 per cent. The other licensees are Engie E&P Norge (40 per cent), DEA Norge AS (30 per cent), Faroe Petroleum Norge AS (7.5 per cent) and VNG Norge AS (2.5 per cent). The area in this licence consists of 20.97 square kilometres of block 6407/7. The well will be drilled about five kilometres north of the Njord field.

Production licence 107 C was awarded on 23 January 2009 in APA 2008. This is the first exploration well to be drilled within the licence.

The drilling permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

Monday, 25 July 2016

Expro secures major well testing contract in India - 25/07/2016

Expro secures major well testing contract in India

International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation Ltd (ONGC).

Worth in excess of $17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India, including offshore Mumbai, onshore Rajamundry and the Krishna Godavari basin.

The contracts comprise of Expro’s 15K and 10K surface well testing packages for high pressure high temperature (HPHT) and conventional wells, and will be fully supported from Expro’s facilities in-country.

Two sets of 15K surface well test packages will be delivered for 10 offshore and 22 onshore wells in eastern India. Four sets of 10K packages will be delivered offshore Mumbai and includes the provision of a Well Test Supervisor and Operator on a call-out basis.

The 10K packages will be used for production testing of exploratory wells, and testing, flow back and measurement of worked-over and platform wells. The onshore package will be deployed for the testing of exploratory and completed wells onshore at Rajahmundry.

Keith Palmer, President – Asia, commented:
“We are delighted to have been selected by ONGC as the number one provider of surface well testing services for HPHT wells across its Indian assets.

“This is a significant award for Expro as we reinforce our commitment to the region with our Mumbai and Kakinada facilities geared up and ready to support this contract. 

“We look forward to working with ONGC by adding value to their assets over the next three years.” 

Monday, 18 July 2016

“Strategic Investments and Synergies Critical to Global Energy Sector Progress,” says H.E. Suhail Al Mazrouei, UAE Minister of Energy - 18/07/2016

“Strategic Investments and Synergies Critical to Global Energy Sector Progress,” says H.E. Suhail Al Mazrouei, UAE Minister of Energy

UAE Officials and World Experts Share Views on Oil and Gas Industry Developments at Exclusive ‘Al Multaqa’ Gathering in Abu Dhabi

Making strategic long-term investments, and pooling knowledge and resources from within the oil and gas industry is central to energy sector progress, said senior officials and world representatives at a recent gathering in Abu Dhabi for members of the prestigious Middle East Petroleum Club (MEPC).

Guests at the MEPC ‘Al Multaqa’ event were given an exclusive preview of the key issues that will be addressed at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s most influential event for the oil and gas industry.

Through its participation at Al Multaqa, the International Petroleum Investment Company (IPIC), exclusive sponsor of the MEPC, provided insight on IPIC’s 30-year track record as a long-term global investor, and shed light on key achievements of the IPIC Group portfolio companies.

Commenting on IPIC’s participation at ADIPEC, His Excellency Suhail Mohamed Al Mazrouei, Managing Director of IPIC and UAE Minister of Energy, said: 
“Over three decades, IPIC has invested in major energy and petrochemical assets across the world. Through its strategic local and international partnerships with leading entities such as ADNOC, IPIC has successfully positioned Abu Dhabi as the world’s fifth largest producer in petrochemicals. As a key investor across the energy value chain, IPIC is a proud sponsor of ADIPEC, the world's leading energy conference, and considers this opportunity as an excellent platform to interact with other global energy players to discuss the future of the industry. Through its unique investments in research and development, IPIC Group has distinguished itself among global industry players via its innovation centres which aim to develop cutting-edge technologies and industrial products around the world.”

“Such success and long-standing economic vision is reinforced by the wise leadership of Abu Dhabi’s rulers and the direction of IPIC’s Chairman, His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, to ensure that IPIC Group maintains a balance between persevering as a global industrial player, whilst continuing to achieving strong returns on investments.” 

Commenting on the decision of Abu Dhabi Government to merge IPIC and Mubadala, His Excellency Suhail Mohamed Al Mazrouei, Managing Director of IPIC and UAE Minister of Energy, said: “The merger between IPIC and Mubadala is a further step in the company’s development, and will create a global investment champion that acts as an engine for sustainable economic development. The combined entity will give Abu Dhabi a competitive advantage on an international stage, and at the same time, provide the company with investment opportunities that contribute to a diversified UAE economy.”

Today’s challenging economic landscape often makes basing business decisions on market sentiment, rather than on fact, the safer choice – potentially missing the significant opportunities presented by those challenges, and their ability to create a more resilient industry, according to experts.

“What should be our next move? Should we look for strategic long-term investments, or should we keep a low profile until oil prices have fully recovered? Those are the types of questions that both investors and oil companies are seeking the right answers to,” said Ruba Husari, Managing Director of consulting firm Iraq Insight. 

“However, the current state of markets and the downslide volatility of oil prices feeds into a climate of rumour and speculation. Major forums like ADIPEC enable members of the energy community to exchange views, debate solutions, and share perspective on the future of the industry. This helps in the decision-making process and creates a counter weight to market sentiment”.  

Al Multaqa, which means ‘The Gathering’ in Arabic, also invites representatives from both existing and prospective ADIPEC participating countries to gain insight about the knowledge-exchange and business opportunities available at what is now considered a flagship event for the global energy sector. This year, ADIPEC will feature 25 international pavilions, including companies from major oil producing countries, such as the US, Saudi Arabia, China, and Brazil, as well as emerging markets, such as Indonesia, Malaysia, and Spain. 

“Every industry has its ups and downs, and the key to surviving these cycles is staying ahead of the curve when it comes to the latest developments and best practice,” said José Eugenio Salarich, the Ambassador of Spain to the UAE. “ADIPEC allows all members of the energy community to keep in touch with decision makers, stay abreast of changes in policy, as well as witness the latest in innovation and technology.”

The industry’s ability to pool resources and tap into “pockets of excellence” will ultimately determine how organizations fare in this energy evolution, say experts. 

“Every industry has pockets of excellence that others can benefit from, but companies often operate in silos making sharing of information a challenge. ADIPEC provides a centralized global platform and an opportunity to share information and learn from each other,” said Siebe Butter, Consulting Director at Deloitte. “Especially in challenging times like these, where companies are seeking solutions to sustainably lower costs and improve efficiencies, the platform ADIPEC provides is of great value.” 

Hosted by the Abu Dhabi National Oil Company (ADNOC) and organised by dmg events – Global Energy, ADIPEC 2016 will take place from 7-10 November at the Abu Dhabi National Exhibition Centre (ADNEC) and is expected to host more than 90,000 attendees, 8,500 delegates, and 2,300 exhibitors from more than 120 countries. 

The Middle East Petroleum Club provides a platform for top-level industry professionals to strengthen existing connections and forge new ones in a discreet and private environment at ADIPEC, and a range of events throughout the year. For further information on the MEPC, please visit www.adipec.com/mepc.

Wednesday, 13 July 2016

Oil and gas discovery south of the Brage field in the North Sea - 13/07/2016

Oil and gas discovery south of the Brage field in the North Sea - 31/7-1 and 31/7-1 A

Faroe Petroleum Norge AS, operator of production licence 740, has concluded the drilling of wildcat well 31/7-1 and appraisal well 31/7-1 A.
31/7-1 proved oil and gas and 31/7-1 A delineated the discovery.

The wells were drilled 13 kilometres south of the Brage field in the North Sea.

The primary exploration target for the wells was to prove and delineate petroleum in Middle Jurassic reservoir rocks (the Fensfjord formation). The secondary exploration target was also in Middle Jurassic reservoir rocks (the Brent group) and the third exploration target was in the Lower Jurassic (the Cook formation and the Statfjord group).

31/7-1 encountered a gas column of about 18 metres and an oil column of about 21 metres in sandstone in the Middle Jurassic Fensfjord formation. Reservoir quality is good.

Well 31/7-1 A, which delineated the discovery, encountered a gas column of 6 metres and an oil column of 25 metres at levels equivalent to those of the discovery well.

The secondary and third exploration targets were dry.

Preliminary estimates indicate that the size of the discovery is between 6.8 and 12.7 million standard cubic metres (Sm3) of recoverable oil equivalents.

The wells were not formation-tested, but extensive data acquisition and sampling have been carried out.

The licensees will assess tie-in of the discovery to existing infrastructure on the Brage field.

The wells are the first and second exploration wells in production licence 740, which was awarded in APA 2013.

Well 31/7-1 was drilled to a vertical depth of 2750 metres below the sea surface, and was terminated in the Statfjord group in the Lower Jurassic. Well 31/7-1A was drilled to a vertical depth of 2270 metres below the sea surface, and was terminated in the Fensfjord formation in the Middle Jurassic.

Water depth at the site is 140 metres. The wells will now be permanently plugged and abandoned. The wells were drilled by the Transocean Arctic drilling facility, which will now drill wildcat well 36/7-4 in production licence 636 in the North Sea, where ENGIE E&P Norge AS is the operator.

Thursday, 7 July 2016

Churchill Drilling Tools wins Prestigious Award for Innovation - 07/07/2016

Churchill Drilling Tools wins Prestigious Award for Innovation

Churchill Drilling Tools, an oil and gas engineering company specializing in dart activated string technology, is celebrating after winning the acclaimed Grampian award for innovation at the 2016 Elevator Awards. 

The company won the award for the development of its HyPR HoleSaver™ hydraulic pipe recovery tool. The tool represents the world’s first hydraulic pipe and hole recovery system – offering a fast and dependable insurance technology against stuck pipe situations, in turn enabling maximum recovery of hole and drill string. 

Since launch in late 2014, the HyPR HoleSaver™ has been recognized as an innovative contingency solution for drilling operations and has been utilized as an insurance against stuck pipe in several challenging territories, including the North Sea, the Gulf of Mexico and the Middle East.   

Utilizing ordinary drilling mud, the user-operated HyPR™ jetting dart can cut through a full strength sub in under two hours. Drilling engineers have the option of using either a Cementing Dart which allows for rapid side-tracking after cementing operations or if an attempt to fish the BHA is preferred, a Fishing Dart can be pumped down, leaving a clean box to fish once the dart has cut the string free; the dart is then carried back to the surface as the cut pipe is withdrawn. 

The tool was developed in house by Churchill Drilling Tools, a family owned firm led by Chairman Andy Churchill and CEO Mike Churchill. Aware of the time consuming traditional methods of cutting stuck pipe and mindful of industry demand for a safer, more reliable, cost effective, user operated technology, Churchill Drilling Tools devised the HyPR™ HoleSaver™ concept in 2013. Development proceeded at pace and after several iterations, intensive proof of concept and rig testing, the tool came to market in the last quarter of 2014. 
The Grampian Award for Innovation has enhanced Churchill Drilling Tools’ reputation as a technology leader in drilling, completions and abandonment tools.
Andy Churchill said: “It is an honor for Churchill Drilling Tools to win in this category because it recognizes our team’s continued commitment to innovation and technical excellence - coinciding with a time where the industry is being urged to adopt new methods and support new technology.

“The HyPR HoleSaver™ reflects the demands of the industry for cost effective answers to the challenges it faces. The product and the award is further evidence of Churchill’s commitment to developing specialist tools which continue to save operators time and money in new and exciting ways.” 

The Elevator Awards seek to encourage entrepreneurship and business excellence by selecting and rewarding entrepreneurial companies and individuals that are capable of leading the future prosperity of their local area and international places of business. 

Monday, 4 July 2016

Coup for Aberdeen As LiftEx2016 Exhibition and Conference Heads To Granite City For First Time - 04/07/2016

Coup for Aberdeen As LiftEx2016 Exhibition and Conference Heads To Granite City For First Time

Event will attract professionals from oil and gas, energy, road and maritime transport, construction, utilities and manufacturing sectors

VisitAberdeenshire, the organisation responsible for attracting both leisure and business visitors to the area, has been instrumental in securing a new conference for the north east of Scotland. LiftEx2016, the UK’s only exhibition and conference dedicated to overhead lifting and safe work at height will be held at the Aberdeen Exhibition and Conference Centre on 23 and 24 November 2016 following subvention funding from VisitAberdeenshire. The subvention support has been match funded by VisitScotland.

The VisitAberdeenshire subvention fund aims to increase the numbers of high profile events held in the city by providing a degree of financial support to increase the city’s competitiveness within the conference and exhibitions market. It enables the city to draw together the best possible bid for attracting high yield conferences which have synergy with Aberdeen and Aberdeenshire’s areas of expertise; further enhancing the city’s reputation as a world class conference destination.  VisitAberdeenshire is also the official provider of accommodation for LiftEx2016 and is offering preferential hotel rates for delegates.

Peter Medley, business development director of VisitAberdeenshire says, “Despite the current situation in the oil and gas industry, Aberdeen remains one of the most influential, innovative and proactive global energy cities and securing this event shows the confidence which the supply chain has in the industry’s future. Over 100 trade exhibitors are expected to take part in LiftEx2016 with around 1500 industry professionals visiting the event taking part in conference sessions and discovering innovative new products Our team has worked closely with Aberdeen Exhibition and Conference Centre to secure this valuable event for our area.”

“I’m delighted that we are taking LiftEx2016 to Europe’s ‘Energy Capital’ for the first time in its history,” said Geoff Holden, chief executive of Lifting Equipment Engineers’ Association (LEEA) which organises the event. “The energy, offshore and maritime sectors are all heavily reliant on overhead lifting, and LiftEx2016 offers the professional community an outstanding opportunity to catch up with recent developments in training, accreditation, legislation, products and services.”

LiftEx Industry Conference will bring together an impressive line-up of respected speakers on topics related to safe, legal and efficient overhead lifting. The popular innovation fast pitch event also returns, giving visitors a quick-fire introduction to the latest technologies and applications in this industry sector. In addition to end users and suppliers of lifting equipment, LiftEx is highly relevant to professionals working in fields such as health and safety, training, plant engineering and maintenance.

Peter Medley continues, “Our area is a vibrant business tourism destination, with a host of new developments in progress. Aberdeen International Airport’s £20 million expansion is well underway, and new flight routes – including those to the USA via Icelandair –are opening up the area to a wider global audience. The £333 million relocation and upgrading of the Aberdeen Exhibition and Conference Centre, coupled with the renovations of Aberdeen Art Gallery and the Music Hall – worth £30 million and £7 million respectively, will also provide a welcome boost to the area’s conferencing and events offering.

“Room rates in Aberdeen are now lower than they have been for a number of years, and with the newly expanded range of hotels on offer the area is a very attractive conference and exhibition proposition. We continue to work with partners across the region to bring further high profile events to the north east.