Stetind partners optimistic prior to Transocean drilling
2008.03.02 -
Field Development
Aker Exploration is optimistic on the coming Stetind well to be drilled by Transocean Leader starting in March. Transocean Inc. (NYSE:RIG) driliing rig Leader is currently drilling on the Afrodite well is to relocate to Stetind shortly. Aker Exploration has a 15% stake in the field.
Aker Exploration (OSL:AKX) and partner StatoilHydro (NYSE:STO) expectations are to find gas in the well, but crude oil might also be discovered on the first well to be drilled at the possible new field field offshore Norway. Both Aker Exploration and StatoilHydro see a significant upside to the present reservoir estimates.
Stetind is located 80 km west of Norway near the BP Skarv Field.
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.
