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2014-03-20 08:04:00

STATOIL FINDS GAS

STATOIL  FINDS  GAS

RZ. Norway's Statoil has discovered gas near the Visund field in the North Sea, the Norwegian Petroleum Directorate reported Wednesday. The discovery is estimated to amount to between 3.2 million and 12.6 million barrels of recoverable oil equivalent. The NPD said that wildcat well 34/8/17-S – located on the northeast flank of the Visund field on production license 120 in the northern part of the North Sea – was drilled to prove petroleum in Lower Jurassic reservoir rocks (the Statfjord group). A secondary exploration target was to prove petroleum in Lower Jurassic (the Lower Statfjord group) and Upper Triassic reservoir rocks (the Lunde formation). The well encountered a gross gas column of approximately 102 feet in the Tarbert, Ness and Etive formations in the Middle Jurassic – with around 65 feet being in sandstones of very good reservoir quality, the NPD said. In the immediately underlying reservoir rocks in the Rannoch formation in the Middle Jurassic, the well encountered an approximate 69-foot petroleum column in sandstones with poor reservoir quality. Traces of petroleum were also encountered in Lower Jurassic sandstones of variable reservoir quality in the Cook formation and in the Statfjord Group. The NPD added that it is unclear whether there is oil or gas in the Rannoch and Cook formations, and in the Statfjord group. Meanwhile, the Lunde formation was found to be aquiferous. 

Tags: STATOIL, GAS, NORWAY

Chronicle:

STATOIL  FINDS  GAS
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

STATOIL  FINDS  GAS
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

STATOIL  FINDS  GAS
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

STATOIL  FINDS  GAS
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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