Organization of Arab Petroleum Exporting Countries
Volume 40 Issue 5
36
Arabic and
International
News
Australia
Santos Ltd. has announced a
new gas discovery through
Mt Kitty-1 exploration oil
well in Amadeus basin in
mid Australia. When tested
at a depth of 2144m, the
well produced an average
of 14,000m
³
/day which then
dropped to 1982 m
³/day.
It
was tested later at a depth
of 2156m where it initially
produced 15,000m³/d, then
dropped to 11,900m³/d.
Malaysia
Shell has made a new gas
discovery in deep waters
135km offshore Malaysia
through the Rosmari-1 well.
USA
Nighthawk Energy has made
a new oil discovery through
Snow King 13-33 exploration
well near Arikaree Creek Field
in Colorado. The company
stated that the well started
oil production from the
Mississipian Spergen formation
at an initial rate of 300-100 b/d.
China
CNOOC has made a new
medium size gas discovery
within the southern part of
Bohai Sea at waters with
a depth of 25m. Bozhong
22-1 well has been drilled
and completed at a depth of
4,611m where it penetrated a
gas reservoir with a thickness
of 92m. When tested, it
produced 400,000m³/day.
Norway
Statoil has made a new oil and gas discovery in Valemon
North license in the North Sea. The company estimated the
total reserves of the new discovery to be between 20 and 75
BOE.
Morocco
The Office of Hydrocarbons and Mining (ONHYM)
said on 16 May 2014, that gas drilling by Longreach Oil
& Gas Ltd , had found encouraging signs in the Kamar-1
exploratory well, located in Sidi Moktar, near Essaouira city
( south).
The t ONHYM`s announcement was the most positive
result so far since Morocco started to grant many permits to
foreign oil companies to develop its energy resources in the
past few years.
The drilling has encountered signs of gas in two levels
inside a Jurassic formation.
Drilling started on 20 March and ended on 8 May 2014
at a depth of 2,790 metres.
It is worth mentioning that Morocco is planning to drill
around 30 oil and gas wells in 2014 as part of the Kingdom›s
expansion of exploration.
Cote d’Ivoire
Total has made a new oil discovery through Saphir-1XB
exploration well that was drilled at a depth of 2,300m in Block
CI-514. The well’s depth is 4,655m and penetrates 40m of net
thickness containing oil of API 34º quality.
Argentine
YPF, Argentine’s largest Shale oil producer, has signed 2
agreements worth $1.2b to rent 15 drills to join its current fleet of
65 drills. The 2 contracts cover a period of 5 years with a 3 years
extension option. This step comes within the company’s plans to
invest $37b until 2018 to develop Vaca Muerta shale formation
whose reserves of shale oil are estimated at 27bb putting it among
the world’s biggest shale oil locations.
