Exploration

Petrofac has been awarded two new contracts with Cairn Oil & Gas, Vedanta Ltd.

It is anticipated that further exploration activity, including a second exploration well, will be required to determine the size and recoverable potential of the identified hydrocarbons at the Graff-1 deepwater exploration well.

Drilling is expected to commence within the next week after allowing for towing and set up.

Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni, indicate between 1.5 – 2 trillion ft3 of raw gas in place.

The well was drilled about 65 km northwest of Florø and about 60 km north of Gjøafeltet in the northern part of the North Sea.

The two-month programme covers the Keraudren North Extension with an area of approximately 680 km2 in the Bedout Basin, and the Petrel Sub-Basin 3D survey of approximately 1100 km2.

Vår Energi and Lundin Energy Norway have joined Shearwater and Equinor to accelerate the development and commercialisation of a sustainable marine vibratory source technology.

Wireline logging operations have been completed on the well, with the oil column deemed to be residual and uncommercial.

Of the 53 production licences, 28 are in the North Sea, 20 are in the Norwegian Sea and 5 are in the Barents Sea.

The results of the appraisal well in the Green Canyon area of the US Gulf of Mexico further define the resource potential in the central Winterfell area, with the current estimate around 100 million barrels gross.

The extended PRM imaging contract will run from 1 January 2022 until 31 December 2024.

The drilling offshore Shimane and Yamaguchi prefectures is planned to take place from March to July 2022.

Lundin Energy has drilled a dry well about 72 km east of the Ormen Lange field in the Norwegian Sea.

A net gas pay totalling more than 100 m has been calculated at the Anchois-2 appraisal and exploration well offshore Morocco, compared to 55 m in the original Anchois-1 discovery well.

The licenses cover a total acreage of about 8410 km2.