Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX – VET) is pleased to announce that it has entered into definitive purchase and sale agreements with Total E&P France (“Total”) whereby Vermilion, through its wholly owned subsidiaries, will acquire certain working interests in six producing fields located in the Paris and Aquitaine basins in France (the “Acquisition”). The Assets (as defined below) are expected to average approximately 2,200 boe per day of production in 2012, weighted 86% to high quality Brent based crude, and add an estimated 6.7(1) million boe of proved plus probable reserves (96% crude oil) . Taking into consideration an effective date of January 1, 2011, customary closing adjustments, and an anticipated closing in late January 2012, the cash to close the Acquisition is currently estimated at approximately C$115 million. The Acquisition remains subject to customary conditions and receipt of all necessary regulatory approvals.
Vermilion keräsi muutama viikko sitten neljännes miljardin verran annilla(jossa osakkeen hinta oli kymmenyksen tuoreinta noteerausta korkeampi) ja kun yhtiön tase ei tuon kokoista rahankeruuta vaatinut odotettavissa oli että jotain aikovat hankkia. Hankinta on luonteva ja hinta kohtuullinen, mutta ei reserveihin nähdä halpa. Kumpi lienee ollut aloitteellinen? Totalin tiedote viittaisi siihen että myyjä. Toivon mukaan tässä on VETin kannalta kyse opportunismista, eikä tässä kompensoida Corrib-projektin uusia viivästyksiä.
9 September 2011 - Tullow Oil plc (Tullow) announces that the Zaedyus exploration well (GM-ES-1), offshore French Guiana, has made an oil discovery having encountered 72 metres of net oil pay in two turbidite fans. Results of drilling, wireline logs and samples of reservoir fluids show that the well has encountered good quality reservoir sands on prognosis.
The objective of the Zaedyus well was to test whether the Jubilee-play, successfully established in West Africa, was mirrored on the other side of the Atlantic. This discovery therefore opens a new hydrocarbon basin within which several neighbouring prospects have been mapped. This result also reduces the exploration risk associated with Tullow's prospect inventory offshore French Guiana, Suriname and Guyana. An appraisal programme and extensive follow-up exploration activities will now be considered.
The Zaedyus well is being drilled in the Guyane Maritime licence using the ENSCO 8503 deepwater semi submersible. The well was drilled in water depths of 2,048 metres and has been drilled to a depth of 5,711 metres. Drilling operations will now continue and the well will be deepened to over 6,000 metres to calibrate the deeper geology. The well will then likely be sidetracked to enable cores to be obtained over the reservoir sections.
Tullow (27.5%) operates the Guyane Maritime license and is partnered by Shell (45%), Total (25%) and Northpet (2.5%), a company owned 50% by Northern Petroleum plc and 50% by Wessex Exploration plc.
70 metrin paksuinen pay zone on todennäköisesti hyvinkin kaupallinen. Pre-drill arvio prospektin koosta oli 700 miljoonaa tynnyriä bruttona.
Tullow:n frontier etsintäporaus on jotain aivan uskomatonta, kunyhtiö näyttää löytävän 100+ miljoonan tynnyrin kenttiä kaikkialta.
Yhtiön elokuisessa H1-presentaatiossa(s.30) on yksityiskohtia yhtiön Etelä-Amerikan etsintäporausohjelmasta.
CGX Energy(OYL) repäisi sitten 64% ylös, vaikka sillä ei ole osuutta tässä löydössä, vain osuu useamman sadan kilometrin päässä olevassa blokissa, jota Tullow operoi. R-R-suhde OYL:ssä on tämän löydön ja kurssispurtin jälkeen kiintoisa.
Löytö on 2,000 metrin veden syvyydessä, joten tämä lienee pirunmoinen lisäpiriste syvänveden poraajille.
Reference is made to stock exchange announcement dated 16 June 2011 related to the Norvarg discovery in PL 535 in the Barents Sea, operated by Total. Remaining operations, including the announced production test have now been completed. The results from the production test are encouraging, and will be included in the ongoing evaluation of the Norvarg area to establish the size and extent of the discovery. Preliminary estimates provided by the Operator indicate the size of the discovery at between 10- 50 recoverable GSm3 (billion cubic meters), corresponding to ca. 63-315 million barrels recoverable oil equivalent.
The Norvarg well proved gas in both the Jurassic and Triassic intervals and an extensive static and dynamic data acquisition program was performed. Moveable hydrocarbons were proven in the Stø, Snadd, and Kobbe formations. For the Kobbe, hydrocarbons were encountered over a 400 meter interval, in reservoir rocks with variable quality. Further, in the deeper Havert Formation, hydrocarbons were encountered over two main intervals (80 and 90 meters) in reservoir rocks of poor quality.
The production test was conducted in the upper part of the Kobbe Formation in order to investigate reservoir productivity. A production rate of 180,000 standard cubic meters (Sm3) per day of good quality gaswas obtained during the main flow period.The gas contains very low carbon dioxide (CO2), hydrogen sulphide (H2S) and nitrogen (N2).
Testiluku taitaa olla boe:na noin 1,000, mikä ei ole päätä huimaava luku. Jos kentän koko jää alle sataan boehen niin tällä ei juurikaan ole arvoa, kun on noin pohjoisessa. Jos koko ylittää 200 miljoonaa boeta niin Rockin osuudella ehkä 80-100 miljoonaa arvoa(2-3 dollaria per boe) tässä vaiheessa.
RockSourcen oma arvio(joka perustui heidän elektromagneettisen datan tulkintaan) osumatodennäköisyydestä Norvargissa oli >50%.
Statoil ASA (OSE: STL, NYSE: STO) and partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS have made a high-impact oil discovery on the Aldous Major South prospect (PL 265) in the North Sea.
Well 16/2-8, drilled by the Transocean Leader drilling rig, has identified an approximately 65-metre oil column in Jurassic sandstone. The acquired data confirm that this is a reservoir of excellent quality.
Statoil has previously described the well as a high-impact well (*), and the result confirms Statoil’s belief in the exploration potential on the Norwegian continental shelf in line with what was communicated at the Capital Markets Day event in New York in June.
Preliminary volumes are estimated to be between 200 and 400 million barrels of oil equivalent (boe) for this part of the structure in PL 265, and Statoil expects additional upside in the licence both north and south of the discovery.
Aldous Major South is located west of Lundin’s Avaldsnes discovery (licence PL 501), where Statoil has a 40% stake, and some 35 kilometres south of the Statoil-operated Grane field.
Tuo Aldous-Avaldnes-kompleksi saattaa olla kooltaan yli miljardi tynnyriä talteen otettavaa öljyä, eli melkoisen iso. Olisiko suurin Pohjanmerellä reiluun 10 vuoteen? Talismanin Golden Eagle taitaa olla virallisesti suurin viimeisen vuosikymmenen aikana löydetty. Vai oliko se Nexenin Buzzard?
NCS on kypsä ölkkäprovinssi, mutta selvästikkään ei vielä tyhjiin kaluttu.
Lundin päätti päivän 6 prosenttia miinukselle, vaikka kasvatti juuri 3P-reservejään 20-40 miljoonalla tynnyrillä. Brent on toki laskussa, mutta alle kolme prosenttia.
"The study will provide a better understanding of the area's geology and shale gas potential, establishing the scope to pursue natural gas exploration"
"STX Europe has been awarded a contract with Deep Sea Supply for design and building of a Platform Supply Vessel. The new PSV 09 CD design, optimized for eco-drive in all weather conditions, is designed by STX Europe in Ålesund, Norway. The vessel is scheduled for delivery in Q1 2012, and will be built at STX Europe in Brazil."
Yksi Fredriksenin yhtiö on siis lähtenyt mukaan Petrobrasin(Brasilian valtion) "Made in Brazil"-hankkeeseen.
"...While the Eagle Ford is among the smallest of the group, with some 19 trillion cubic feet of natural gas remaining, the economics is among the best, the firm said.
Producers in the Eagle Ford can break even when natural gas is priced as low as $3.88 per million British thermal units, the firm said, versus break-even prices of $5.18 in the Barnett, $3.74 in the Marcellus and $4.49 in the Haynesville..."
"Though gas prices are now very low, Mr. Odum said in a Monday interview with The Wall Street Journal, Shell believes long-term prices will recover, justifying the company's interest."
"The oil price collapse has weakened the industry's capacity to increase output and future production may top out at a lower level than earlier expected, the chief executive of major oil company Total (TOTF.PA) said..."
Total has been actively expanging in the Canadian oil sands, so I suppose you could say that de Margerie is practising according to his preaching.
Total's move for UTS is interesting as the costs of the Fort Hills project have been sky rocketing and the break-even level for the synthetic crude oil or bitumen to be produced is estimated to be between 45 and 100 dollars per barrel. The only advantage that the tar sands have in the current economic and political environment is their location on soil where property rights are respected. It seems that this single advantage outweighs the large number of disadvantages associated with tar sands(high costs, low yielding products, significant environmental impact etc.).
