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Oilfield Technology
June
2015
World news
June 2015
Diary dates
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Web news
highlights
Ì
NPD releases production figures for
April 2015
Ì
GEODynamics acquires Connor Oil Tools
Ì
AGR welcomes deal for supply chain
management software
Ì
Enhancing efforts to lift the oil export
ban
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ANGA applauds new Texas law to
uphold the state’s energy economy
AWE spuds appraisal well
in Perth Basin
AWE Limited has announced that it has
spudded the Waitsia‑1 appraisal well in
the Perth Basin, Western Australia.
The well was at 423 mmeasured
depth below rotary table (MDRT) in a
17 ½ in. hole. The well will be drilled to
a planned section depth of 570 m MDRT
before installation of the 13 ⅜ in. surface
casing.
The Waitsia‑1 well will be drilled
vertically to a planned total depth of
4050 m MDRT and is forecast to take
approximately six weeks to complete. The
well is designed to further test the gas
potential of the Waitsia Field, comprising
primary targets in the deep conventional
formations in the Kingia and High Cliff
sandstones. The well will be logged and
core samples will be collected and sent
for analysis.
If the results are positive, AWE may
undertake a flow test of the Waitsia‑1
well and the well may be completed as a
production well for a potential future field
development
China to loan Petrobras
US$10 billion
In the wake of a multi‑billion dollar
corruption scandal that has seen it
essentially shut out of international
bond markets, Brazilian state giant
Petrobras has been offered funding worth
US$10 billion from Chinese financial
institutions including the Chinese
Development Bank.
The contract is the latest in a series of
deals between the Brazilian company and
China, with a US$10 billion cash‑for‑oil
deal implemented in 2009 and the first
involvement of Chinese oil companies in
Petrobras’ operations in 2013.
Petrobras, the world’s most
indebted oil company, has been cutting
investments, selling off assets and looking
out for financing options as it works to
pay off potentially significant fines and
recuperate from US$15 billion worth of
writedowns.
The company commented on the deal,
stating that, “this agreement continues
the strategic partnership between CDB
and Petrobras”.
20 - 22 July, 2015
URTeC 2015
San Antonio, USA
27 - 29 August, 2015
Oil & Gas Tanzania 2015
Dar-es-Salaam, Tanzania
08 - 11 September, 2015
SPE Offshore Europe
Aberdeen, UK
28 - 30 September, 2015
SPE ATCE
Houston, USA
18 - 23 October, 2015
SEG Annual Meeting
New Orleans, USA
Enquest operational update highlights strong
performance and 20% increase in production
Enquest has released an operational update providing details on the company’s
operations over the four months to the end of April. The report shows that production
averaged 30 768 boe/d for the four months to the end of April 2015, up 20.2% on the same
period in 2014. Full year 2015 production guidance is reiterated at between 33 000 boe/d
and 36 000 boe/d, representing a 24% annual increase at the mid‑point of the range.
The report also notes that the FPSO vessel for the Alma/Galia development has
been securely moored on location in the field and the preparation process for pulling in
the risers has commenced. The project remains on track for first oil in mid‑2015. Other
highlights include confirmation that the Kraken development remains on budget and on
schedule for first oil in 2017.
CEO, Amjad Bseisu commented on the company’s performance: “Production of
30 768 boe/d to the end of April is a good start to the year and was achieved as a result
of ongoing strong operational performance across EnQuest’s assets and the inclusion of
Malaysia, in line with our expectations. The strong performance in our newly acquired
Malaysia assets, where we took over operations late last year, is testament to our ability to
quickly impact production in late life assets.
“EnQuest’s two major development projects continue to progress well. Across the
business, we continue to implement our programme of cost reduction, improved efficiency
and capital expenditure rationalisation.”
