download new mediaplan 2008

Sign up for a 12 month subscription to Oil&Gas Eurasia and receive our quarterly Eurasia Offshore for FREE.

Sign up for a 12 month subscription to Oil&Gas Eurasia
and receive our quarterly Eurasia Offshore for FREE.

download new mediaplan 2008
December 24, 2007
Advanced Search



Forgot your password?
Register now

Home / Issue Archive / 2007 / September #9 / E&P Update

№ 9 (September 2007)

E&P Update

Caspian International Oil to Begin Drilling at Zhetybay Field in Early 2008

Caspian International Oil has commenced interpretation of recently completed 3D seismic survey program on the Northwest Zhetybay oil field in western Kazakhstan, which is operated by its exploration and production subsidiary Kor-Tazh.
“We are very pleased to be approaching completion of this critical first step in the development of our oil field,” said Mr. Lin Montgomery, newly appointed President of CIOC. “The seismic acquisition and processing was done by Dank SIF, the energy services subsidiary of CIOC, using source equipment produced by Input/Output, a Houston-based geophysical manufacturing company.”
The company’s Northwest Zhetybay oil field is located in Western Kazakhstan, about 40 miles east of the Caspian Sea and about 15 miles from the highly prolific Zhetybay field. As per a Reserve Report issued by Ryder Scott, the Northwest Zhetybay field has approximately 56 million barrels of oil in place, with proved undeveloped reserves of 2.1 million barrels and proved and probable reserves of 6.6 million barrels.

Caspian International Oil Corporation  

Construction of Turkmenistan–China Gas Pipeline Started on the Right Bank of the Amu-Darya River

Late in August, Turkmenistan President Gurbanguly Berdymukhammedov gave his approval to the project aimed at construction of Turkmenistan–China gas pipeline.
The head of country learnt a mapped route of the future gas transport pipeline, which crosses the territories of four countries: Turkmenistan, Uzbekistan, Kazakhstan, and China. The total length of the Turkmenistan–China gas pipeline will reach 7,000 kilometers. Of that amount, 188 kilometers will cross Turkmenistan’s territory; 530 kilometers will cross Uzbekistan; 1,300 kilometers will cross Kazakhstan, and over 4,500 kilometers will cross the territory of China.
According to  Turkmenian leader, the year 2009 will see natural gas being transported to China. In his speech, Gurbanguly Berdymukhammedov said that the transiting 17 bcm out of the annually projected 30 bcm of the “blue fuel” will be ensured by development of new gas deposits, while the remaining 13 bcm will be received through the construction of gas treatment facilities at the contract territory with Samandepe and Altyn Asyr deposits.
The head of Turkmenistan handed over a documentation package, which guarantees the right to perform appropriate operations within the contract territory of Bagtyyarlyk, to Chiang Tsemin, chairman of China National Petroleum Corporation. The documentation contains an operator’s license for exploration and production of hydrocarbons, a contractor’s license for exploration and production of hydrocarbons, as well as a map of the contract territory.


Hydrocarbon potential of the Kamchatka Shelf Can Surpass Sakhalin Projects

In his talk to journalists Serge Bogdanchikov has expressed hope that the development of the Western Kamchatka shelf, where the company is completing a seismic survey operation, will be as large-scale as the Sakhalin-1 and Sakhalin-2 projects.
“This project is  comparable  to  Sakhalin-1 and Sakhalin-2, or can even surpass them,” said the head of Rosneft and added that the shelf development would require another $24 billion. The president of Rosneft said that the project is going to be headquartered in the city of Magadan. “But we will pay our taxes in Kamchatka,” Bogdanchikov pointed out.
“The license to develop the Western Kamchatka shelf belongs to Rosneft, and here we work with Korean National Oil Company. The territory in question is about 62,000 sq. kilometers,” said the head of Rosneft. According to him, the seismic survey operations have covered 13,000 sq. kilometers so far and 2,200 sq. kilometers will be finished by the end of the present year. The results obtained in the course of these operations will be displayed in 3D maps.
“As of now, all the preparatory operations to start drilling the first exploratory wells have been completed. The year 2008 will see the drilling of two such wells,” said the head of Rosneft. “The shelf reserves are estimated as 3.8 billion tons of hydrocarbons. At present we cannot tell, which of them are oil reserves and which are gas reserves.”


JKX Announces Ukrainian Drilling Update

JKX Oil&Gas plc announced the completion and testing of  Well M162, as part of its ongoing drilling program  at Poltava, Ukraine. The well was drilled as an appraisal to the northerly extension of the Molchanovskoye field identified in Well M160.
During testing, Well M162 flowed at an average rate of 3.9 mcf of gas and 120 barrels of condensate per day with a wellhead flowing pressure of 840 psi through a 45/64 inch choke. It was tied back to the company’s production facility via a new 6 km flowline.
Well M162 is a deviated well completed in the Tournasian Carbonate and drilled as a step-out to the southeast of the successful Well M160 which was completed in May 2007. The wells are located in a separate fault block immediately to the north of the Molchanovskoye field. The Tournasian carbonates extend from the northerly flank of the Molchanovskoye field up to the Ignatovskoye Field. The extent of their productivity over this large area is being appraised by the company.
The first follow up Well M161, drilled to the northwest of Well M160, is awaiting additional acidisation and the Kremco rig is now drilling a further appraisal Well I130 to evaluate the potential for an extension northwards into the Ignatovskoye license area.

JKX Oil&Gas plc


Timan Oil: Rosprirodnadzor Finds No Fundamental Breaches of License Terms

Timan notes announcement by Rosprirodnadzor, the Russian Federal Agency responsible for the supervision of the use of natural resources. The announcement summarises the results of a recently undertaken review by Rosprirodnadzor of the compliance by various natural resources companies owning licences in the Russian Federation with the terms of their licence obligations.
Timan welcomes the announcement, which clarifies that upon review of the licence performance by the Agency’s special commission, the Agency did not find any fundamental breaches of the licence requirements by Timan’s Russian subsidiaries, Geoterm and NGPT. The press secretary of Rosprirodnadzor has confirmed the announcement to the company.
The company continues to work constructively and closely with the relevant authorities towards satisfying its ongoing licence requirements.

Timan Oil&Gas PLC

Total Announces a Significant Gas Condensate Discovery West of Shetland
Total announced a significant new gas condensate discovery in block 205/5a in approximately 610 meters of water, some 100 kilometers north west of the Sullom Voe Terminal on the Shetland Islands.
Total, with a 47.5 percent interest, is the operator of this block awarded end 2004, alongside partners Eni UK Limited (22.5 percent), DONG E&P (UK) Limited (20 percent) and Chevron North Sea Limited (10 percent).
The Tormore discovery well 205/5a-1 was drilled to a total depth of 3,936 meters and tested at 32 mcf per day of gas with a condensate gas ratio of 75 barrels per mcf.
This discovery lies 15 kilometers south west of the Total-operated Laggan discovery, which was successfully appraised in 2004.
Recent discoveries lifted the Group’s proved and probable reserves in the UK to over 1 billion barrels of oil equivalent (end of 2006).


Halliburton Improves High Pressure Reservoir Evaluation

Halliburton announced the successful deployment of its Armada™ sampling system. The system was used to capture bottom hole samples of reservoir fluid for Oilexco North Sea Limited.
The pipe-conveyed Armada system was loaded with nine samplers for Oilexco to run a drillstem test at 228 degrees Fahrenheit and 3,500-psi well conditions. All nine samples were collected and were transferred in a controlled environment on location.
A second well was also successfully sampled at bottom hole temperature of 260 degrees Fahrenheit and 10,170-psi bottom hole static pressure proving its high-pressure capabilities. The goal was to optimize the reliability of reservoir evaluation by gathering samples uncontaminated by drilling fluids while expediting turnaround time and dramatically enhancing safety by eliminating the use of wireline.
The Armada sampling system is specifically designed to require minimal rig-up and run-in time and operate in normal or hostile cased hole environments for extended periods of time. Because samples are maintained in a single phase, the sampler also eliminates lengthy surface re-combinations. These key design features enable operators to benefit from optimizing their rig time by reducing expenses while increasing the accuracy of the reservoir performance model.


GE Energy Announces a Recommended Cash Offer to Acquire SONDEX,
a Leading Oilfield Technology Company

GE Energy announced a recommended cash offer of ‡289 million sterling pounds to acquire Sondex plc, a company listed on the London Stock Exchange, to further expand its capability and expertise in oil and gas production technologies.
Sondex is headquartered in Hampshire in the UK and specializes in the design, manufacture and sale of electro-mechanical downhole tools and surface equipment to oilfield service companies who run well-site operations on behalf of oil and gas production companies.
GE Energy has served the oil and gas exploration and production industry with specialized equipment from its Reuter Stokes Measurement Solutions product lines for more than 30 years. The Sondex acquisition will expand the product portfolio and allow customers worldwide to benefit from the combined capabilities, capacity, and resources of the two businesses.

GE Energy
Copyright © 2007 Eurasia Press, Inc. (USA). All rights reserved.
Copyright © 2007 Eurasia Press (