-ARN

Arcanit taasen myyty. Tilalle ehkä Sintanaa(SNN). Tj:llä on aika komea ansioluettelo, muuten johto on aika blaah. Exxonin farm-in lähinnä kiinnostaa.

"Colombia Bets on Shale as Peace Talks Open Oil Frontiers"

Bloomberg:

A unit of Exxon Mobil Corp. (XOM) and state-controlled Ecopetrol SA were winners yesterday in the country’s first auction aimed at drawing investment in oil and natural gas found in shale rock formations...

Tuoreen huutokaupan tuloksia löytyy tästä. Tarjolla oli oikeuksia muihinkin kuin vain epätavanomaisen potentiaalin alueisiin. Heritage Oil & Gas näyttää olleen tarjoamassa useammastakin blokista. Heillä ei muistaakseni ole tällä hetkellä toimintaa Kolumbiassa. Aasialaisia ei juurikaan näy listalla, pl. ONGC, mikä on hieman yllättävää kun Sinopecilla ja korealaisilla on jo maassa tuotantoa.

Kana Kollilan maita Zoomerin hollilla

Canacol Energy Ltd. and ExxonMobil Sign Agreement for Shale Oil Exploration Project in Colombia

Key terms and conditions

Pursuant to the terms of the FOA, ExxonMobil will carry the cost of the drilling and testing of up to three wells to test conventional and unconventional targets in the La Luna and Rosablanca formations, both proven oil source rocks in the area. The first two wells will be vertical wells, while the third well will possibly be a horizontal multi-stage fractured well. It is anticipated that prospective intervals of the La Luna and Rosablanca will be cored and logged within the first well, and stimulated and flow tested within the second well. Should ExxonMobil choose to proceed with a third well, it will possibly be a horizontal multi-stage fractured well. Under the terms of the agreement, ExxonMobil will pay 100% of the cost of the three wells, up to a cap of gross US$15 million for each of the first 2 wells, and a cap of gross US$ 17.5 million for the third well should it be a horizontal lateral well exceeding 4,000 feet in lateral length, and US$ 15 million should it be another vertical well. ExxonMobil will also pay Canacol US$ 2.2 million upon execution of the FOA for back-costs related to the acquisition of 3D seismic on the block in 2011. The total potential investment on the block is approximately US$ 50 million. In return, ExxonMobil shall earn 50% of Canacol's 40% interest in the contract. Vetra will remain as operator of VMM 2 during the exploration period and expects to spud the first exploration well in late 2012. The formal assignment of working interests as contemplated by the transaction, including Canacol's 20% interest, remain subject to the approval of the Agencia Nacional de Hidrocarburos (ANH) of Colombia.

Keskipitkän/pitkän aikavälin sijoitusidea

North European Oil Royalty Trust(NRT). Kyseessä on NYSE-listattu ilman päätöspäivää toimiva trusti. Toisin kuin monilla tuoreimmilla E&P:n perustamilla trusteilla tällä ei ole tuotantoalarajaa, jonka vuoksi trusti lakkautettaisiin automaattisesti. Tuotanto ja reservit ovat laskeneet 6 vuotta putkeen.
Reservien RLI taitaa olla n.6 vuotta. Tarkkaan ottaen niiden kenttien, joihin NRT:llä on rojaltioikeudet, RLI on n.6 vuotta; NRT:llä ei ole reservejä. Trustin nimetstä huolimatta sen mailta ei tällä hetkellä tuoteta öljyä vaan maakaasua. Vieläpä hapanta kaasua.

Vuoden 2011 aikana NRT:n rojaltimailla porattiin vain yksi kaivo, tänä vuonna suunnitelmissa on porata puoli tusinaa, joten tuotanto ja reservit saattavat kääntyä ainakin hetkeksi nousuun. Maita operoi Exxonin Saksan tytäryhtiö ja Exxonin ja Shellin omistama yhtiö.

Reuters:

Feb 20 (Reuters) - U.S. oil group Exxon Mobil sought to cool predictions of a European shale gas revolution, saying commercial production was at least five years away and dismissed forecasts offered by other industry players as "highly speculative".
Kevin Biddle, Exxon's exploration director for Europe, also downplayed the prospects for Poland -- believed by many to have the continent's largest reserves -- leading the shale gas charge, saying on Monday that Germany was more likely to be the first shale gas producer.

Ainakin ylempi ja vasen "old rights"-blokeista on NRT:n maita.





Tämä on ehtaa pråprietary shittiä, ei lisensoitu tai lainattu keltään. Sitä itseään.

"'Find of a lifetime' in Black Sea: OMV"

UPSTREAM:

An offshore Black Sea well jointly owned by ExxonMobil and OMV's Romanian arm Petrom has made a potentially significant discovery, according to the Austrian player

Operated by ExxonMobil on a 50% interest, the Domino-1 well is the first deep water exploration well in Romanian waters and is located in the Neptun Block, 170 kilometres offshore.

OMV said the exploration well encountered 70.7 metres of net gas pay, resulting in a preliminary estimate for the accumulation ranging from 1.5 trillion to 3 trillion cubic feet.

Speaking in Vienna as OMV announced its annual results, chief executive Gerhard Roiss told reporters that if confirmed, the find could be the largest in the company’s history, Reuters reported.

En pikaisella etsinnällä löytänyt kaivon tarkkaa sijaintia. Alla on sivu Sterling Resourcesin tammikuun presentaatiosta. Löydöllä tuskin on vaikutusta Sterlingiin muuten kuin että sen Ana ja Doina-kaasukenttien kehitys helpottuu(SLG:llä on ollut suuren luokan kärhämä Romanian viranomaisten kanssa(joku on joko saanut lahjuksia tai sitten joku on jäänyt ilman)) ja kenttien kaasulla saattaa aueta lyhyempi tie suuremmille markkinoilla, sillä OMV ilmeisesti suunnittelee Romanian offshore-kaasun viemistä Nabucco-putkella länteen. Kuten kartasta näkyy SLG:llä on muutama kohtuu kokoinen prospekti aivan OMV:n & Xoomerin blokin kyljessä. IV:ssä on varsin aktiivinen Sterling-palsta, jossa lisää aiheesta.

Rillauskausi saanut pidennyksen

SDRL - Seadrill secures a two-year contract extension for the ultra-deepwater semi-submersible rig West Aquarius

Hamilton, Bermuda, November 17, 2011 - Seadrill has been awarded a two-year
extension for the ultra-deepwater semi-submersible rig West Aquarius which is
currently operating in Asia under a worldwide contract for ExxonMobil. It is
anticipated that the extension period will primarily involve operations in the
North Atlantic area. An estimated period of 106 days will be required to
mobilize the rig and prepare for operations which will be in addition to the
firm extension period. The expected revenue potential for the contract extension
is estimated at US$422 million, including US$35 million for the mobilization and operational preparation period. Furthermore, ExxonMobil has the option to extend the contract period further for of up to two years.

$510,000 saan laskettua mobilisaation ja varsinaisen sopimusajan päivätaksaksi. Nykyisen sopimuksen dr on $526,000, joten muutos ei ole merkittävä.

Korjaus $505,000 näyttäisi olevan lähempänä totuutta.

Vakioerä

ExxonMobil in $41bn swoop in XTO

Ei ole minulle kovin suuri yllätys. Itse olen odotellut XTO:lle, Chesapeakille tai EOG:lle noutajaa lähivuosina. Noista yhtiöstä löytyy paljon osaamista epätavanomaisista resurseista ja niillä hallussa merkittävää kasvua mahdollistava assetpohja. Ja jonkinverran kokoakin.
Voisi olettaa että Exxon alkaa jatkossa lobbaamaan maakaasua ankarammin amerikkalaisille poliikoille.

Duo stump up for Nigeria assets

Statoil's Chief Vouches for Natural Gas in Copenhagen

Kuwait Could Switch to New Oil-Price Benchmark

Dragon shareholders reject takeover bid

Tässä kävi sitten toisin kun odotin. Osakkeet ovat vieläkin salkussa.

More pain before gain for vessels and rigs

Chevron sets sights on Polish shale

Puolassa alkaa olla jo porukkaa.

Tällä(Puola ja epätavanomainen kaasu) tämä alkoi ja tähän olisi hyvä lopettaa. Aika on todella tiukilla tulevina kuukausina, joten meitsin spämmi määrä vähenee merkittävästi. Yritän vuoden loppuun mennessä saada valmiiksi muutaman hieman tasokkaamman kesken olleen tekstin, jonka jälkeen edessä on vähintään hiljaiseloa.

Suhteellisen tuoreita otsikoita

ExxonMobil predicts 25% jump in gas demand

High Compliance is OPEC's Weapon Ahead a Tough 2010

Denbury buys Conroe field, plans EOR flood

PGS sheds onshore business

Tethys Oil Reports Excellent Results From Testing On Block 3, Oman

Floating production system orders resume

OGX scores big in Campos

Reliance pairs up in Colombia

Indian producer Reliance Industries has signed a deal with Colombian state oil company Ecopetrol covering two deep-water blocks in Colombia.

SDRL - West Atlas update

The West Atlas jack-up drilling rig has been formally condemned by its insurers following a fire on PTTEP Australasia's Montara Well Head Platform that took place between 1 - 3 November 2009

Uutisotsikoita

OGX Hits Hydrocarbons in Offshore BM-C-41 Block

ONGC close to big oil find

Oil companies in rush for London Stock Exchange listings

Natural Gas Glut Overwhelms Speculators, Defies Rally

ExxonMobil may have hit paydirt in Sulu Sea

Juttu on paljolti spekulaatiota, mutta jos tuolta löytyy merkittävästi öljyä näyttäisi kysessä olevan uuden dw-pelikentän avauksesta.

Otsikkovirta jatkuu

Offshore.no: Sparer milliarder på ny teknologi

Voisin vannoa että samalta sivustolla oli paljon pidempi uutinen täysin samalla otsikolla samasta aiheesta jo tammikuussa tai viime joulukuussa. Aihe eli light well intervention on todella mielenkiintoinen. Idea on ydin on jackuppien, semien ja drillshippien korvaaminen vedenalaisessa kaivon huollossa ja stimuloinnissa riserittomilla light well intervention-kiteillä ja dp:llä varustetuilla OSV:llä. Ainakin Aker Oilfield Servicellä ja Island Offshorella on käytössä LWI-aluksia. Marine Subsealla on rakenteilla pari juuri deepwater LWI-hommiin suunniteltua alusta, yhtiön osakkeet löytyvät Oslon OTC:stä.

Upstream: Petronas and Cairn seal Greenland deal

Upstream: OGX find may hold up to 1.5bn barrels

Rigzone:
ExxonMobil Snaps Up Unconventional Gas Acreage in Poland

OGJ: Aegean Energy chairman sees promise for IOCs in Greece

NYT: Oil Demand Has Peaked in Developed Nations, Never to Return

Otsikoita

CARBON STORAGE MAY OPEN NEW FRONTIER FOR RIGS

BNK Farms-Out Stakes in Polish Shale Concessions

Sapphire Energy’s Integrated Algal Biorefinery Project

$2bn costs blow-out at Valhall

"The increase is mainly due to drilling costs, both because more wells will be drilled and because each well will be more expensive, Norway's Energy Ministry said in an annual update of Norwegian oil and gas projects."

Korkeita dr:ä tästä ei ainakaan voi syyttää, koska kenttä on alle 250 jalan syvyydessä.

Kosmos's Ghana sale bid ‘illegal’

"We have formally notified (Kosmos) that we do not recognise whatever agreement they reached with ExxonMobil - we told them we disapprove of it because it's illegal," the GNPC source said.

The source said Kosmos had violated Ghanaian laws when it shared confidential exploration data with over 20 companies for its own commercial purposes without giving the GNPC any prior notification."

Myynti näyttäisi olevan "laiton", koska GNPC ei tehnyt korkeinta tarjousta. Ghanalaiset voivat toki varastaa kentän, mutta ei heillä ole varaa kehittää sitä itse, teknologiasta puhumattakaan. Mahdollisen varkauden jälkeen potentiaalisten lainoittajien joukko kyllä kutistuu selvästi.

Otsikkoerä

Apache to tap Argentina unconventional gas

Saudis ask for aid if world cuts dependence on oil

Transocean sets aside more jack-up rigs

ExxonMobils quits Hungarian shale test

KNOC poised to start shopping spree

Headlines

ExxonMobil seals $41bn China LNG deal

"Australia and China struck their biggest trade deal ever today as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina, agreed a $41 billion liquefied natural gas deal.

"It's a statement about the nature of our two economies and the fact that Australia is important to China, just like China is important to Australia," Australian Resources Minister Martin Ferguson told Reuters in Beijing.

The gas sale agreement between ExxonMobil and PetroChina comes just weeks after ExxonMobil signed a A$10 billion (US$8.24 billion) Gorgon LNG sales deal with India's Petronet, which marked Australia's first ever LNG contract with India..."

Mexico Wants Oil Alliance with Brazil's Petrobras

"The creation of an oil "alliance between Mexico and Brazil, as well as to increase the productive capacity of both countries" was proposed Sunday by Mexico President Calderon, on an official visit to Brazil.

Earlier, President Calderon proposed checking into the creation of a free trade agreement between what he called "the two biggest and strongest Latin American economies..."

What exactly is Mexico going to contribute to this alliance?


Sevan Marine considers rigs after Sevan Driller

QIDONG, CHINA: Commissioning of Sevan Marine ultra-deepwater semisubmersible Sevan Driller is ongoing at the COSCO Qidong shipyard, and rig crew have already moved into living quarters. The company is arranging financing for a second semi and considering a third.

Delays in the shipment of equipment have caused a revision in the delivery schedule of Sevan Driller. The rig will now be delivered in the fourth quarter of 2009 and commence its first contract in the first quarter of 2010...

Exxon ei osaa porata

'Guarani well drilled in wrong spot'

The Guarani well, which was drilled by US supermajor ExxonMobil in Brazil's pre-salt fairway and came up dry, was spudded "in the wrong place” Brazilian Energy Minister Edison Lobao has claimed.

State-run Petrobras recommended the Guarani well be drilled in a different location, Lobao said today in an interview in Brasilia.

“The dry well occurred because they drilled in the wrong place. It was a mistake,” he said in an interview with Bloomberg. “There is no risk with the pre-salt...”

Huh! Brasilialainen poliitikko meinaa että kun Exxon ei löytänyt öljyä Brasilian vesiltä vika on Exxonissa ei varsinaisesti öljyn puutteessa. Lobaota ilmeisesti informoinut Petrobras on Santosin-altaan suolanalaisen kerroksen geologian ehdoton ekspertti, mutta tämä kyllä hieman tuoksahtaa. Xomin tapoihin ei ole kuulunut porailla kymmenien miljoonien tyhjiä reikiä ja yhtiön insinöörit ja geologit lienevät maailman parhaimmistoa. No jos blokkiin porataan kolmas kaivo selviää niin viimeistään silloin selviää hajun lähde.

50 miljoonan reikä

"Guarani well off Brazil disappoints"

"US player Hess said the Guarani appraisal well on the BM-S-22 licence in the Santos Basin offshore Brazil showed disappointing results..."

Itseasiassa tämän kaivon hinta taitaa olla korkeampi. BM-S-22 operaattori Exxon vuokrasi Seadrillin West Polariksen edelleen Petrobrasille jo pari viikkoa sitten, joten tätä saattoi odottaa. Seadrillille ei mikään erityisen negatiivinen juttu, mutta Exxonille, Hessille ehdottomasti. Ja jossain määrin myös PBR:lle.

The Black Sea

Petroleum geology of the Black Sea

"The Black Sea comprises two extensional basins formed in a back-arc setting above the northward subducting Tethys Ocean, close to the southern margin of Eurasia. The two basins coalesced late in their post-rift phases in the Pliocene, forming the present single depocentre. The Western Black Sea was initiated in the Aptian, when a part of the Moesian Platform (now the Western Pontides of Turkey) began to rift and move away to the south-east. The Eastern Black Sea probably formed by separation of the Mid-Black Sea High from the Shatsky Ridge during the Palaeocene to Eocene. Subsequent to rifting, the basins were the sites of mainly deep water deposition ; only during the Late Miocene was there a major sea-level fall, leading to the development of a relatively shallow lake. Most of the margins of the Black Sea have been extensively modified by Late Eocene to recent compression associated with closure of the Tethys Ocean. Gas chromatography-mass spectrometry and carbon isotope analysis of petroleum and rock extracts suggest that most petroleum occurrences around the Black Sea can be explained by generation from an oil-prone source rock of most probably Late Eocene age (although a wider age range is possible in the basin centres). Burial history modelling and source kitchen mapping indicate that this unit is currently generating both oil and gas in the post-rift basin. A Palaeozoic source rock may have generated gas condensate in the Gulf of Odessa. In Bulgarian waters, the main plays are associated with the development of an Eocene foreland basin (Kamchia Trough) and in extensional structures related to Western Black Sea rifting. The latter continue into the Romanian shelf where there is also potential in rollover anticlines due to gravity sliding of Neogene sediments. In the Gulf of Odessa gas condensate has been discovered in several compressional anticlines and there is potential in older extensional structures. Small gas and oil discoveries around the Sea of Azov point to further potential offshore around the Central Azov High. In offshore Russia and Georgia there are large culminations on the Shatsky Ridge, but these are mainly in deep water and may have poor reservoirs. There are small compressional structures off the northern Turkish coast related to the Pontide deformation ; these may include Eocene turbidite reservoirs. The extensional fault blocks of the Andrusov Ridge (Mid-Black Sea High) are seen as having the best potential for large hydrocarbon volumes, but in 2200 m of water."

Offshore247: Black Sea beginning for ExxonMobil( 22.05.2009)


Anatolia news agency: Turkish, Brazilian president view joint Black Sea oil exploration

Offshore-mag: Petrobras,TPAO sign Black Sea rig accord

Reuters: Chevron's Turkey Black Sea talks stall - TPAO

Eurasia Daily Monitor: THE BLACK SEA OIL FIELDS MAY MAKE TURKEY ENERGY INDEPENDENT(2008)

XOM hits paydirt in Brazil

ExxonMobil Notifies Brazil ANP of 2nd Find at BM-S-22

"The Brazilian unit of global oil titan ExxonMobil Corp. notified Brazil's National Petroleum Agency that it had made a second oil discovery at the BM-S-22 offshore block.

In a routine filing with the ANP, Exxon said that it had once again discovered traces of oil in a well drilled in the Santos Basin's BM-S-22 block. In January, Exxon said it had discovered oil in the same 1ESSO3SPS well.
ExxonMobil's local press office confirmed that discovery, which was dated Feb. 17 but posted on the ANP's Web site late Tuesday, was new but declined to give any further details. It's unclear if the find was made after deeper drilling of the well."

"The BM-S-22 block was the last to be drilled in a promising region that could hold deposits of up to 33 billion barrels of oil equivalent, or BOE, government officials have said. The block is part of a cluster of four blocks that contain a gigantic geographical structure, which industry experts and analysts believe could contain several discoveries the size of Petrobras' Tupi find."

News(Oil-Gas-Offshore)

ExxonMobil tastes oil at 'mega prospect'

"US supermajor ExxonMobil has notified Brazilian regulatory authorities that it has detected hydrocarbons on a deep-water pre-salt prospect that is billed as the biggest yet in the emerging Santos basin province."

"Marcio Mello, a respected Brazilan petroleum geologist who worked on the pre-salt concept with Petrobras before setting up his own consultancy, has predicted that Azulao alone will land the BM-S-22 with recoverable reserves of more than 10 billion barrels."

NZ Sees Bright Future with Major Offshore Oil Finds

"Confirmation of large oil fields in the offshore waters of New Zealand could provide a step change in national income for the country, an energy briefing to the new Minister of Energy and Resources Gerry Brownlee says.

The Vote Energy briefing from the Ministry of Economic Development made public by Brownlee, says there are potentially several 1-10 billion barrel oil fields in the Great South Basin alone.
Any discoveries would perhaps allow New Zealand to follow in the economic footsteps of Norway and emerge as a serious source of energy for the world, the briefing says..."

Tullow Makes 17 Discos in '08, Boasts 100% Exploration Success in Africa

"100% exploration success in 2008 in Ghana and Uganda. 17 discoveries from 22 wells in overall drilling program;
In Ghana, Jubilee field appraisal confirms major resource potential of up to 1.8 billion barrels and a most-likely case of up to 1.2 billion barrels"

Lebanon cautions over Israeli gas discovery

"The discovery, which may be the largest ever made by operator Noble Energy, is in the Matan license offshore Israel. The Tamar No. 1 well, in water depths of around 5,500 feet (1,676 m), was drilled to a total depth of 16,076 feet (4,899 m) by Atwood Oceanics semi Atwood Hunter"

Bid for Basra autonomy vote fails