DEA HIRES TRANSOCEAN ARCTIC TO DRILL DVALIN WELLS

German DEA based in Hamburg, advised that Transocean Norway Operations AS with the drilling rig Transocean Arctic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea. Drilling of the four production wells will start mid-2019 and the operation is planned to last 340 days. The contract value is 68 million US Dollars. The agreement also opens up for using the rig for additional wells. “Drilling the production wells will be an important step towards production start of the Dvalin field in autumn 2020. DEA is very satisfied with having Transocean on board for the drilling operations,” says Hans-Hermann Andreae, Managing Director of DEA Norge. The field is the first operated field development project for DEA Deutsche Erdoel AG in Norway. The Dvalin gas field, previously known as Zidane, discovered in 2010, is DEA’s first own operated field development project in Norway. The redesigned development concept aims for sustainable profitability, while applying the highest safety and environmental protection measures. The field is located in Production Licence (PL) 435, approximately 15 kilometres northwest of the Heidrun field and 35 kilometres south of the Skarv field in the Norwegian Sea. (Source: DEA)

TWO VESSELS ORDERED FOR THE RUSSIAN ARCTIC

January 10, 2013

Nordic Yards, leading provider of large-scale maritime projects, has signed a contract for the construction of two ice-breaking rescue and salvage vessels...

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SM ENERGY TO SPEND $650 M IN THE EAGLE FORD

January 10, 2013

SM Energy aims for another year of record production in the Eagle Ford shale where it plans to spend up to $650 million. The activity will be focused in...

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HESS 2013 CAPITAL AND EXPLORATORY BUDGET

January 10, 2013

Hess Corporation announced  a 2013 capital and exploratory budget of $6.8 billion, which is down 18 percent from 2012 expenditures. Of the$6.7 billion...

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A GOOD YEAR FOR KULCZYK

January 10, 2013

The Canadian based Kulczyk Oil Ventures, an international upstream oil and gas exploration and production company focused on Ukraine, said that its 2012...

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ALGERIA/TURKEY LNG DEAL: 10 YEARS EXTENSION

January 09, 2013

Algeria and Turkey have agreed on a 10 years extension of their current 4 billion cubic meters a year LNG deal. In the case Algeria increases its national...

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EIRIK RAUDE SPUDS BEE EATER WELL OFF LIBERIA

January 09, 2013

African Petroleum Corporation started drilling the Bee Eater-1 well in Block LB-09 offshore Liberia with Ocean Rig’s semi-submersible rig, the Eirik...

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ICELAND DELIVERS FIRST EXPLORATION LICENCES

January 09, 2013

Orkustofnun, the National Energy Authority of Iceland, has awarded the country's first offshore oil and gas exploration licenses on the Icelandic Continental...

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AASTA HANSTEEN: A RECORD BREAKER

January 09, 2013

Statoil and the Aasta Hansteen partners have submitted the plan for development and operation of the field to the Ministry of Petroleum and Energy. The...

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SOUND OIL: UPDATE FROM RAPAGNO, ITALY

January 08, 2013

Sound Oil, the Italian focused upstream oil and gas company confirms a successful initial operation at the Rapagnano field in Italy. The Rapagnano-1 well,...

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SEDNETH 701 TO DRILL OYO 7, OFF NIGERIA

January 08, 2013

US based Camac Energy announced that its subsidiary Allied Energy has secured the Transocean Sedneth 701 semi-submersible to drill the Oyo 7 well offshore...

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KULLUK SAFE IN KILIUDA BAY, ALASKA

January 08, 2013

After about a week being grounded in shallow waters near Sitkalidak Island, the troubled drilling platform Kulluk found its way into deeper water and was...

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IRANIAN SARAJEH GAS FACILITY STORAGE ON STREAM

January 08, 2013

Iranian media reported that the country has inaugurated its first natural gas storage facility. Iran uses the empty gas field of Sarajeh near the town...

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