Check out these news briefs to learn about the latest offshore oil and gas exploration news.
If you already have offshore oil and gas interests or you are interested in acquiring some, having a comprehensive knowledge of the market and its current happenings is crucial to your success. Check out our offshore oil and gas exploration briefs below to be up to date on the industry’s latest news. Here’s what has happened in offshore oil and gas exploration recently:
· Tanzania – BG Group and Ophir Energy have discovered gas off the shore of Tanzania. Using the Mkizi-1 well, the companies discovered gas pay in three stacked reservoirs, all of the Tertiary era, which covered approximately 33m. This discovery marks the two companies’ ninth find in the area to date.
· Bohai Gulf – CNOOC has discovered both oil and gas at its Bozhong 8-4 well and oil at the Kenli 10-4 well in the Bohai Gulf. The Bozhong well was drilled at 1,962m in 28m of water, and total thickness of the oil pay zone came in at 50m, while the gas pay zone was measured at 11m. The Kenli well was drilled to 2,395m and encountered an oil pay zone that is 45m thick.
· North Sea – ConocoPhillips recently made a discovery with its 23/22b-6Z exploratory well in the UK’s Central North Sea. The well reached a total depth of 14,370ft and came across a deposit of gas more than 100ft thick. The company is currently evaluating the discovery to determine its commercial viability.
· Sri Lanka – The Petroleum Resources Development Secretariat has announced that six ultradeepwater blocks are available just off Sri Lanka’s coast. The size of the blocks varies between 18,000 and 26,000 square kilometers, and they will be awarded based on the experience and capability of the bidder, as well as the project for which they’ll be used.
If you want to learn more about offshore oil and gas exploration or inquire about your own efforts, contact MAH Energy Law today to get started.
Source: “BG-Ophir hit gas discovery offshore Tanzania.” Oil & Gas Journal 30 July 2013: n. pag. Web. 17 Feb. 2014.
“CNOOC adds two Bohai oil, gas discoveries.” Oil & Gas Journal 30 July 2013: n. pag. Web. 17 Feb. 2014.
“Sri Lanka says six ultradeepwater blocks available.” Oil & Gas Journal 28 Aug. 2013: n. pag. Web. 17 Feb. 2014.
“UK North Sea Lacewing gas find under evaluation.” Oil & Gas Journal 30 July 2013: n. pag. Web. 17 Feb. 2014.