Upstream drilling news

The initial phase of the deepwater project consists to two development wells in Keathley Canyon 829 and a six mile subsea tieback to the Lucius plat form at Keathley Canyon 875.

Drilling leases for vertical and horizontal wells have been completed and the Ensign 965 Drill Rig has begun to arrive at PEL96 of the Southern Cooper Basin.

The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.

The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.

The mobilisation of this drilling rig is in order to further energy development in Colombia.

Wintershall's investments in new wells help to secure supplies in Germany.

Frontera Resources Corporation has provided an update regarding interim results on testing of the Ud-2 well, situated inside the 950 km2 Mtsare Khevi Gas Complex area, located in onshore Block 12, Georgia.

The line of equity financing comes from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.

Global holds an 85% participating interest in the licence, which was originally issued on 3 December 2010, located offshore Namibia in water depths ranging from 1300 m to 3000 m.

The new contract will have a duration of 25 years and is the first contract under the hydrocarbon law 05-07 for an oilfield in production.