Azinor has an exciting Central North Sea portfolio which is situated close to existing fields and could act as low cost tie-backs to existing infrastructure.
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Sunday, 31 March 2019
Saturday, 30 March 2019
Energean targets Karish North
Energean is in the middle of drilling the Karish North prospect with results expected at the end of April 2019. The prospect is located c.5.4km from the Karish FPSO and is targeting 1.4tcfe. Assuming success and a discovery, Energean believes it would convert into 0.4bcm/y.
The FPSO is designed to handle 8bcm/y and Energean has so far secured 4.2bcm/y of offtake. It is expecting to finalise another 1.1bcm/y shortly, bringing contracted volumes...
Friday, 29 March 2019
Leveraging off Leverett
As part of the 30th Licensing Round, Zennor picked up Blocks 21/2d, 21/3c-d in licence P2350. The licence contains the Leverett discovery which was appraised by CNOOCNexen.
The discovery has had four wells and may or may not require further appraisal prior to development. The field could be tied back to Zennor's Finlaggan field and extend the plateau.
Leverett has been penetrated by:
21/2-2 - drilled in 1975 with the West Venture rig
21/2-4...
Monday, 25 March 2019
CNOOC to drill in the West of Shetlands
CNOOC has contracted the Island Innovator rig from Island Drilling Company for the drilling of the Howick prospect in Block 206/21 in the West of Shetlands. CNOOC is 100% operator of the block
CNOOC also has Cragganmore discovery in Block 208/17A which is planned to be further appraised, potentially in 2019. CNOOC is operator of Cragganmore with 70% interest; INEOS is a 30% partner.
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Thursday, 14 March 2019
Understanding Mozambique's fiscal regime (Part I)
Government take across countries in East Africa are generally below the Sub Saharan Africa average of 62%. This reflects the relative infancy of the E&P industry in the region with high exploration risk and uncertainties on the path to commericialising discovered resources. A lower fiscal take is required to attract investment.
Mozambique’s government take lies in the middle of its East African neighbours - lower than Uganda where significant...
Wednesday, 13 March 2019
Gran Tierra's Grand Tour (into Ecuador)
Gran Tierra has won three blocks in Ecuador covering c.140,000 acres in the highly prospective Oriente-Putumayo Basin: Charapa, Chanangue and Iguana. The blocks are contiguous with Gran Tierra’s Putumayo position in Colombia and allows the company to extend its Colombian success on the trend across the border.
Gran Tierra will have 100% interest and operatorship on each block in exchange for a 14 well, four year work programme – management...
Tuesday, 12 March 2019
Fighting the Kraken
Cairn has announced a reserves downgrade on Kraken by 6.8mmboe (net) or 19% to reflect ongoing production issues. The field has been hit by a myriad of problems since start-up in 2017 and its failure to be farmed-down by operator EnQuest in 2018 highlights the technical concerns on the field.
The field's output has been hit by poor FPSO uptime driven by system outages as well as higher water-cut than originally expected. There will be a planned...
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