Shtokman Development AG created today
Gazprom, Total and StatoilHydro signed a Shareholder Agreement for the creation of Shtokman Development AG for phase one of the Shtokman field. Full text
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Subsea Aquatheatre - A Spectacular Showcase for Subsea TechnologySubsea UK commissioned the build of a large-scale, portable aquarium for highlighting subsea technologies and brought it to the city of Aberdeen for its debut. With support funding from its members, Subsea UK showcased the aptly named “Subsea Aquatheatre” at the ‘Energise your Future’ event in Aberdeen’s Exhibition and Conference Centre on the 26th June. |
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ENI with big gas find in North Sea Afrodite field
ENI might have hit it real big during drilling with the rig TransOcean Leader on the field Afrodite in the North Sea. The company classified the well as a "tight well" meaning information will be restricted until test results are ready. Full text
Statoil ask to develop HPHT Morvin field
Experience from the Kristin field is essential to develop the Morvin field in the Norwegian Sea. The Plan for Development and Operation (PDO) was today submitted to the Ministry of Petroleum and Energy. Full text
Subsea market to remain strong
According to a new report to be published shortly by Scottish Enterprise the global subsea oil & gas market will remain very strong for the foreseeable future. Despite growing by a near 90% in the past five years the market is likely to continue to grow and is forecast to total $218 billion over the period 2008-2012. Full text
StatoilHydro taking front seat in 9 licences off Norway
StatoilHydro was offered interests in 12 production licences in the Awards of Predefined Areas 2007 (APA 2007) on the Norwegian continental shelf. The company will be the operator of nine of the licences. Full text
BP discover again in ultra-deepwater Portia
Sociedade Nacional de Combustíveis de Angola (Sonangol EP) and BP Exploration (Angola) Limited today announced the Portia oil discovery in ultra-deepwater Block 31, offshore Angola. Portia is the fifteenth discovery that BP has drilled in Block 31. Full text
BP Egypt hits significant gas discovery in the Nile Delta named Satis
The Satis discovery is located in the North El Burg Offshore, Nile Delta concession, some 50 kilometres north of Damietta. The well was drilled to a Nile Delta record depth of more than 6,500 metres and is the first significant high-pressure, high-temperature, offshore Oligocene discovery. Full text
Shell to develop 19 subsea wells deepwater fields offshore Malaysia
Shell announced that Final Investment Decision has been taken to jointly develop the Gumusut-Kakap field, located in deepwater, offshore Sabah, Malaysia. Full text
Global Subsea Market spend to increase by 65%
The Subsea forecast spend is a 65% increase on the previous five years to 2007. Over the next five years, in terms of regions Africa will see an increase in Subsea CAPEX to US$31bn from US$17.5bn and Asia and Australasia will see large increases in subsea spend from US$3.7bn to US$16.8bn. Full text
EMGS to perform world's largest multiclient EM scanning survey
Electromagnetic Geoservices (EMGS) announced today that it will perform an extensive multiclient electromagnetic (EM) scanning survey to search for commercial hydrocarbon deposits in the Krishna-Godavari basin, ahead of India's 7th New Exploration Licensing Policy round (NELP 7). At 2000 km2, the survey is the first of its kind and represents a significant milestone in the adoption of EMGS's proprietary EM scanning technology. Full text