19 Jan 17CNOOC Ltd announces its 2017 business strategy and development plan
CNOOC Limited has announced its business strategy and development plan for the year 2017. The Company’s net production target for 2017 is in the range of 450 to 460 million barrels of oil equivalent (BOE), of which approx. 64% and 36% are produced in China and overseas, respectively.
19 Jan 17Australia: Searcher Seismic and CGG commence 3D broadband PSDM project in the Carnarvon Basin
Searcher Seismic, in conjunction with project partner, CGG, has announced the PSDM reprocessing of ~1,668 sq kms of 3D seismic data in the Carnarvon Basin, Western Australia has commenced. The project includes coverage to the 2016 Australian Acreage Release.
19 Jan 17UK: Azinor Catalyst preparing to drill Partridge Prospect in UKCS Quad 14 in 2017
Azinor Catalyst has initiated a tendering process to carry out a site survey on one of its UK North Sea licences in preparation for drilling later in 2017. The site survey relates to a Catalyst operated well targeting the Partridge Prospect in Outer Moray Firth Blocks 14/11, 12 & 16.
19 Jan 17Gabon: Pura Vida planning three well drilling program offshore Gabon to be funded by drilling contractor
Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal of the Loba oil field and a planned production test.
19 Jan 17Morocco: Sound Energy announces proposed acquisition of OGIF's interests in Eastern Morocco
Sound Energy has announced the signature, following the successful extended well test, of non-binding heads of agreement for the acquisition of all of Oil & Gas Investment Fund's ('OGIF's') assets in Eastern Morocco.
19 Jan 17UK: UKOG awarded one year extension to its P1916 licence, offshore Isle of Wight
UK Oil & Gas Investments (UKOG) has been granted a one-year extension to the Initial Term of the Company's offshore P1916 licence. The company plans to submit a planning application to drill one or more prospects in the Isle of Wight during the coming year.
19 Jan 17Morocco: Sound Energy announces successful TE-7 extended well test
Sound Energy has confirmed a successful extended well test at TE-7, the Company's second well at the Tendrara licence, onshore Morocco. The Company plans to spud the TE-8 step-out appraisal well in February.
19 Jan 17GoM: US, Mexico and Cuba ready to sign 'Doughnut Hole' deal in Gulf waters
The US, Mexico and Cuba aim to sign an agreement determining territorial water limits before U.S. President-elect Donald Trump takes office on Jan. 20. The accord will cover the Eastern Gap of the Gulf of Mexico, an area believed to be rich in oil and gas deposits. The three countries' overlapping claims in the Eastern Gap had created what is known as a 'Doughnut Hole'.
18 Jan 17Guyana's government creating a Petroleum Directorate
Guyana's Ministry of Natural Resources is working to have a Petroleum Directorate established and functioning within the first quarter of 2107.
18 Jan 17Brazil may hold second sub-salt oil licensing round this year
Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt where massive discoveries have been made, the Energy Ministry said on Tuesday, as it looks to spur economic growth.
18 Jan 17Norway: Statoil granted drilling permit for well 6507/3-12 in PL 159 B
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for wildcat well 6507/3-12 in production licence PL 159 B.
18 Jan 17UK: DeepOcean awarded contract by Nexans for ScottishPower Renewable’s East Anglia ONE offshore windfarm
DeepOcean has announced the award of cable installation and trenching work by Nexans for ScottishPower Renewable’s East Anglia ONE offshore windfarm in the North Sea.