Statoilhydro with Obesum oil find in the Barents Sea
2008.03.07 -
Company News
The well was drilled in a prospect called ”Obesum” in block 7222/6, approximately 175 kilometres northwest of Hammerfest. The purpose of the well was to prove hydrocarbons in sandstone from the Middle and Late Triassic period. The well proved hydrocarbons in sandstone from the Middle Triassic period. The well was not formation-tested. However, extensive data collection and sampling have been carried out.
An evaluation and analyses will be carried out to establish the resource potential of the discovery. The drilling of another wildcat well is being planned in the production licence in 2008.
This is the first exploration well in production licence 228. Production licence 228 was awarded in the Barents Sea project in 1997, with Saga Petroleum AS as operator.
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
