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Oilfield Technology
December
2014
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World news
December 2014
Diary dates
Web news
highlights
Ì
Petrobras awards FPSO contract to
Modec
Ì
Russia and Turkey address cooperation
in gas sector
Ì
Total announces the Jisik discovery in
the Kurdistan region of Iraq
Ì
NOV shares global Helios Inferno PDC
cutter success stories
Ì
MultiClient Geophysical wins
Indonesian surveys
Statoil completes
Wintershall transaction
Statoil has now completed the
transaction with the German oil and gas
company Wintershall to farm down in
Aasta Hansteen, Asterix and Polarled
and exit two assets – the non‑core Vega
and Gjøa fields – on the Norwegian
Continental Shelf (NCS).
The transaction will enable Statoil to
redeploy around US$ 1.8 billion of capital
expenditure for the period from the
effective date until the end of 2020.
Statoil monetises on the
Aasta Hansteen field development
project, while retaining the operatorship
and a 51% equity share. The transaction
also includes a farm down in four
exploration licenses in the Vøring area.
The transaction consists of a cash
consideration of US$ 1.25 billion and a
US$ 50 million consideration contingent
on Aasta Hansteen milestones.
Through this transaction Statoil
focuses its NCS portfolio and further
improves its capacity to invest in core
areas.
Marathon Oil announces
Kurdistan discovery
Marathon Oil Corporation, through its
wholly owned subsidiary Marathon Oil
KDV B.V., has announced that the Jisik‑1
exploration well has discovered multiple
stacked oil and natural gas producing
zones on the company’s operated Harir
Block in the Kurdistan Region of Iraq.
Located approximately 40 miles
northeast of Erbil, the Jisik‑1 well was
drilled to a total depth of approximately
15 000 ft. Oil and natural gas shows were
noted over an extensive gross interval of
both Jurassic and Triassic reservoirs.
A drill stem testing programme
yielded a sustained flowrate of 6100 bpd
of oil, and multiple non‑associated gas
zones flowed at a combined rate of
approximately 10 ‑ 15 million ft
3
, without
stimulation, together with associated
condensate, all of which were equipment
constrained. The Jisik‑1 well will be
suspended for potential future use as a
producing well.
Marathon Oil is the operator of the
Harir Block, with a 45% working interest.
10 - 12 February, 2015
IP Week
London, UK
E:
08 - 11 March, 2015
MEOS 2015
Manama, Bahrain
E:
11 - 13 March, 2015
Australasian Oil and Gas
Perth, Australia
E:
17 - 19 March, 2015
SPE/IADC
London, UK
E:
FX Energy announces reserve report estimates for
Poland’s Karmin and Tuchola fields
FX Energy, Inc. has announced reserve estimates for the Karmin and Tuchola gas fields in
Poland as calculated by its independent reservoir engineering firm.
Net to the company’s 49% interest, the Karmin gas field is estimated to contain proved
reserves of gas with a net pre‑tax present value of US$ 26.2 million after deducting facility
costs estimated at US$ 3.2 million. Proved plus probable reserves, net to the FX 49%
interest, are estimated to be worth US$ 34.6 million after estimated facility costs.
The Karmin gas field is located in the Fences license in western Poland where the
Polish Oil and Gas Company is the operator and owns 51% working interest; FX Energy
owns 49% working interest.
The company’s 100% owned Tuchola gas field is estimated to contain proved
reserves of gas, helium and condensate with a net pre‑tax present value estimated at
US$ 12.7 million after facility costs estimated at US$ 25 million. Proved plus probable
reserves are estimated at US$ 27.6 million pre‑tax after estimated facilities cost.
The Tuchola gas field is located in the Edge license in northwestern Poland where the
FX Energy is the operator and owns 100% working interest. Tuchola is estimated to contain
proved reserves of 5.7 billion ft
3
of high methane sales gas.
Andy Pierce, Vice President of Operations, said “The impact of fields like Karmin and
Tuchola are why we focus on exploration in Poland. The potential per‑well reserves and
the price of natural gas both are much higher than in the US today.”
