Eni awarded high potential exploration block offshore Argentina

5/20/2019

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Photo: Offshore Argentina platform.

SAN DONATO — The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The award is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on April 16, 2019.

Block MLO 124 is located offshore in the Cuenca Marina Malvinas (the Malvinas Basin), some 62.17 mi (100 km) off the coast of Tierra del Fuego, and encompasses an area of 4,418 square kilometers in water depths ranging from less than 328.1 ft to 2,132.6 ft (100 m to 650 m).

Eni holds 80% working interest and is the operator of a consortium, which also includes Tecpetrol S.A. and Mitsui & Co. Ltd., with 10% each.

The activity to be completed during the four years of the First Phase of the Exploration Period mainly consists in a 3D geophysical survey covering the entire block and other geophysical potential field surveys.

Eni has been present in Argentina since 1991 with its subsidiary Eni Argentina Exploración y Explotación S.A., which owns a 30% working interest in the offshore concession “Tauro-Sirius”, located in Tierra del Fuego’s shallow water.

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Subsea templates installed on Nova field, reports Wintershall

5/20/2019

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Subsea 7’s Seven Arctic vessel. Photo: Wintershall Dea/Rolf Skjong.

KASSEL, Germany — Wintershall Dea has installed two subsea templates on the ocean floor in Norway, marking a major milestone for the operated Nova project, and the first operational landmark for the newly merged global company.

The installation unlocks the next phase of the field development, with 65km of pipelines now ready to be laid in preparation for tie-back to the nearby Gjøa platform in the North Sea.

“As the first major subsea delivery for the Nova project, and for Wintershall Dea as a merged business, the installation of these two templates marks an important milestone for our global operations and a signal of our ambition to invest capital and expertise in our core regions around the world. With our goal of safe and efficient project delivery and our experience as one of the leading operators of subsea technology in Norway, the successful installation of these two templates sets a marker for how we intend to execute our operations in every area of our global business,” said Hugo Dijkgraaf, Wintershall Dea chief technology officer.

The Nova oil field is being developed with two subsea templates tied back to the Neptune-operated Gjøa platform. Gjøa will receive the well stream, and provide water injection and gas lift to the Nova field. A new module will be lifted onto Gjøa in 2020.

Subsea 7’s Seven Arctic vessel sailed the two 300 ton templates 27.96 mi (45 km) from the base in Florø to the Nova field, before craning the structures 121.39 ft (370 m) below the ocean surface. The templates were constructed by Aker Solutions in Egersund on the west coast of Norway.

“With the installation of these two templates we have successfully begun the subsea campaign for 2019. In close co-operation with our key suppliers, we have employed a ‘One-Team’ approach to building Nova, focusing on the shared goal of delivering the field efficiently and safely. Using experienced Norwegian suppliers, we now take the next step in delivering the Nova field for the benefit of our partners, shareholders, supply chain and the whole of Norwegian society,” said André Hesse, Wintershall Dea Nova project director.

Nova is located in the Norwegian North Sea, 74.56 mi (120 km) northwest of Bergen. The expected recoverable reserves from the field are around 80 MMboe, of which the majority will be oil. The partnership is investing almost $1.23 billion (1.1 billion euros and NOK 9.9 billion) in the development of the Nova field, which is expected to come on stream in 2021.

“The Nova field is a cornerstone of Wintershall Dea’s growth ambitions in Norway, adding significant barrels to our operated production when it comes on stream in 2021, and underlining our position as one of the leading subsea operators on the Norwegian Continental Shelf,” said Alv Solheim, Managing Director in Norway.

Wintershall Dea holds a 45% share. Other project partners are Capricorn Norge AS (fully owned subsidiary of Cairn Energy PLC) (20%), Spirit Energy Norge AS (20%) and Edison Norge AS (15%).

Wintershall and DEA merged on May 1 , 2019 to form Wintershall Dea.

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TGS and PGS announce Torngat 3D offshore East Canada

5/20/2019

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Torngat 3D offshore East Canada. Photo: TGS.

ASKER — TGS and PGS announce the Torngat 3D multi-client project in Offshore East Canada.

Torngat 3D will cover approximately 3,287 km2 and encompasses sections of the open acreage included in the Labrador South November 2021 bid round. PGS’ Ramform Titan will perform the acquisition, utilizing Geostreamer technology.  The project is expected to commence in late July 2019.

The Torngat 3D survey sits within Labrador Sea’s southern sedimentary basins where frontier exploration has already successfully identified hydrocarbons, such as in the nearby Hopedale and Snorri discoveries. Torngat 3D will be the first 3D seismic survey to be acquired offshore Labrador.  

Following this ninth consecutive season of data acquisition in offshore East Canada, the jointly-owned library will have more than 117,439 mi (189,000 km) of 2D GeoStreamer data and approximately 52,000 km2 of 3D GeoStreamer data. An expansive well log library is also available in the region, along with advanced multi-client interpretation products that will improve play, trend and prospect delineation.

“The successful joint venture between TGS and PGS has consistently provided the industry with the highest quality data in advance of scheduled licensing rounds. The Torngat 3D survey will be instrumental in assessing several amplitude variations (AVO) supported leads that were initially evaluated with our comprehensive 2D library in this region. Our combined seismic, well log and interpretation datasets provide the industry with invaluable subsurface insight.  This is critical to help identify potential source rocks, structural and stratigraphic traps and reservoirs, allowing our clients to de-risk their exploration activities and prepare them for upcoming licensing rounds,” said Kristian Johansen, CEO, TGS.

This project is supported by industry funding.

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U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds

5/20/2019

WASHINGTON — API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico:

“We applaud the Administration for reaching an agreement with Canada and Mexico to lift the 25% steel tariffs and not replace them with harmful quotas that would stifle U.S. investment in manufacturing and energy infrastructure,” said Kyle Isakower, API V.P. for economic and regulatory policy. “We look forward to reviewing the details of this important agreement, and commend the Administration for recognizing the negative ripple effects the steel tariffs can have on long-term energy investments in America.”

“By lifting these burdensome tariffs and not replacing them with quotas, the administration is enabling construction projects and the jobs that support them to move forward without fear of supply chain disruptions. Today’s announcement is another step in enabling the long-term delivery of reliable, affordable American energy to families and businesses.”

API is the only national trade association representing all facets of the natural gas and oil industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 47 million Americans. API was formed in 1919 as a standards-setting organization. In its first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.

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Chevron now offering electric car charging at gas stations

By Mark Chediak on 5/20/2019

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Photo: Electric car charging station.

SAN FRANCISCO (Bloomberg) — There has been an ever so slight shift in Big oil towards the electric car business.

Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement Monday. The fast-charging spots, located at five stations in the Los Angeles and San Francisco Bay areas, are being installed by EVgo, which has a car charging network that spans 34 U.S. states.

While Chevron’s focus clearly remains on oil and gas, it’s following a trend of sorts in the industry as the price of battery-fueled cars shrinks. In January, Royal Dutch Shell Plc agreed to buy Greenlots, which will make it the first oil major to own a U.S.-based charging service, according to BloombergNEF.

“We are always exploring how to evolve our offering, helping improve the consumer experience and working to remain the preferred brand choice on the West Coast,” said Alice Flesher, general manager of Chevron’s company-owned and operated motor fuel stations.

In November, Chevron was among the investors in ChargePoint Inc., one of the largest operators of electric-vehicle charging networks.

Still, Chevron’s moves don’t look to make much of a dent in the demand for car-charging in California. By the end of last year, the state had registered 273,656 electric cars, almost half the total number in the U.S.

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