StatoilHydro to explore the Bahamas
2009.05.18 -
Field Development
Approval and award of the licences by the Government of the Commonwealth of The Bahamas is still pending.
“There is no drilling commitment during the first phase of the licence. At the end of the initial 3-year licence term the licence holders will have the option to commit to drilling a well in the second phase,” says Global Exploration vice president Erik Finnstrom.
Limited historic 2D seismic and satellite data indicate the presence of several large structures in the licence areas. New seismic may prove the presence and shape of the structures. Oil is presently produced in northern Cuba, some 150 kilometres to the west.
The venture is in line with StatoilHydro’s strategic focus and will build the company’s position in the Caribbean region. StatoilHydro recognises the importance of this area to the Bahamas economy and will continue to observe the highest environmental and operational standards in exploring this area.
“This is an interesting frontier exploration opportunity which we can mature in a cost- efficient manner,” Mr Finnstrom says.
PA Resources AB has signed an agreement with the shareholders to acquire the entire share capital of the British oil exploration company Scotsdale Ltd. The company is focusing on low risk exploration in North West Europe. The acquisition means that PA Resources increases its presence in the North Sea with licenses in the United Kingdom and Denmark, and potentially also in the Netherlands.
Aker Exploration has entered into agreements with the international oil company Eni Norge to acquire ownership interests in two licenses in the vicinity of the Åsgard field. The agreements further strengthen Aker Exploration’s position in the Norwegian Sea.
SCAN Geophysical ASA (SCAN) today announced that the company is
remobilising its seismic vessel, M/V Geo Searcher, to re-commence a previously-suspended
2D project offshore Pakistan for BP.
The Norwegian Petroleum Directorate (NPD) has granted ENI Norge AS a drilling permit for wellbore 34/12-1 in the North Sea.
Eni has successfully drilled the last appraisal well, encountered approximately 127 metres (419 ft) of net pay in multiple sands. The initial analysis indicates good reservoir quality.
