Oil and Gas Community

Following 5 days of close monitoring, Total is now able to confirm the success of the intervention conducted on May 15th on the leaking G4 well on the Elgin complex, 240 kilometers from Aberdeen in the UK North Sea. To regain control of the well, heavy mud was pumped into G4 well from the semi-submersible drilling rig West Phoenix. Pumping heavy mud started on May 15th at 9.20 a.m. (local time) and the leak was stopped 12 hours later.Since then, several inspection visits to the wellhead platform have confirmed that the leak has completely stopped.Following the success of the well intervention, the next phase will be to re-man the Elgin complex and restart the Rowan Viking drilling rig in order to set cement plugs in the G4 well. This phase, aiming at completing the plugging and permanent abandonment procedure of the G4 well, will take several weeks.Once the first cement plug is set in the G4 well by the Rowan Viking, the drilling of the ongoing relief well with the Sedco 714 will be stopped. In consultation with the appropriate authorities, it has been decided that drilling a second relief well by the Rowan Gorilla V is no longer necessary and has therefore been cancelled.Source: Total

TGS has commenced acquisition of a 3D multi-client survey covering 4,000 km2 in the Northern North Sea near the southern Møre Basin.This survey, EOTW12, builds on the previously announced Erlend Basin multi-client 3D survey and ties with TGS' existing multi-client 3D database in the Northern North Sea (End of the World). Upon completion, EOTW12 will form part of a 13,000 km2 contiguous 3D volume in this region. The survey will de-risk multiple play types spanning Cretaceous to Triassic age reservoirs and is adjacent to a current exploration well targeting the Albert prospect.The seismic data is being acquired by the M/V Polarcus Amani and M/V Polarcus Adira and will be completed Q3 2012. Data processing will be performed by TGS and be available to clients Q2 2013.The survey is supported by industry funding.Company summaryTGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data and services to oil and gas Exploration and Production companies around the globe. TGS' geophysical and geological data products include multi-client seismic libraries, permanent reservoir monitoring, magnetic and gravity data, the industry's largest global database of digital well logs and regional interpretive products. TGS also provides high-end depth imaging services to help resolve complex seismic imaging problems.For more information visit TGS online at www.tgs.com.Source: TGS

Statoil has on behalf of relevant licensees awarded contracts for drilling services on as many as 18 fixed installations on the Norwegian continental shelf (NCS). The contracts are worth a total of NOK 30 billion, including options.This represents the biggest contract award by Statoil on the NCS since 2010.KCA Deutag, Odfjell Drilling and Archer have been awarded the contracts, which includes drilling of new wells, plugging of old wells, workover and maintenance of drilling facilities on 18 of Statoil’s 20 fixed platforms on the NCS.“Efficient drilling and well services on existing fields are important to maintain production on the NCS and to deliver according to Statoil’s production forecast of 2.5 million barrels of oil equivalent per day in 2020,” says Margareth Øvrum, executive vice president for the Technology, Projects and Drilling business area.Statoil is cooperating closely with the supplier industry, which has an essential role, both with regard to operations and development projects on Statoil operated fields. 95% of all drilling services on a platform are provided by supplier companies.The work will employ around 2000 people during the period. This contract provides a long-term perspective on drilling services for both Statoil and the supplier industry going forward.“Safe and efficient drilling operations are fundamental for Statoil and the suppliers play a key role in this regard,” says Øystein Arvid Håland, senior vice president for the drilling and well cluster in Statoil.Source: Statoil

Tethys Oil is a Swedish energy company focused on identification and development for production of oil and natural gas assets. Tethys’ core area is the Sultanate of Oman, where the company is the second largest onshore oil and gas concession-holder with licence interests in three onshore blocks. Tethys also has licences onshore France, Lithuania and Sweden. Tethys’ strategy is to invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology. In this way, high returns can be achieved with limited risk.The shares are listed on First North (TETY) in Stockholm. Remium AB is Certified Adviser.Drilling of the Skomantai-1 well on the Gargzdai license onshore Lithuania has started. The primary target of this exploration well is a previously undrilled oil prospect near producing fields. The well will also penetrate a thick shale section which will be evaluated for potential unconventional hydrocarbons. Drilling operations are expected to last for two months.The Skomantai-1 well is planned to be drilled to a total measured depth of 2,381 metres, and a true vertical depth of 2,042 metres. The well will target potential oil in Cambrian sandstones, which is the same as in all the producing oil fields on the license. The well will also investigate potential for unconventional hydrocarbons in the Silurian source rock shales, located above the Cambrian sandstones. The drill site is located 2 km north of the Pociai field, in western Lithuania.The Gargzdai license is owned by Lithuanian Company UAB Minijos Nafta. Tethys Oil has a 25% indirect interest in the licence through an agreement with Odin Energi A/S.Source: Tethys Oil

Research and Markets has announced the addition of GlobalData 's new company profile "Lucas Energy to Sell Oil and Gas Properties in Eaglebine and Eagle Ford Trend in Texas" to their offering.“Lucas Energy to Sell Oil and Gas Properties in Eaglebine and Eagle Ford Trend in Texas”Lucas Energy, Inc., (Lucas Energy), an independent oil and gas company, has agreed to sell certain oil and gas properties in the Eaglebine and Eagle Ford trend in Texas, and plan to solicit bids for the properties. Global Hunter Securities, LLC and KnighScope- Rationale behind Lucas Energyselling Egalebine and Eagle Ford trend in Texas- Strategic benefit to Companies involved in the transactions- Geography covered - US (Texas)Reasons to buy- Develop a sound understanding of the major acquisition, M&A's, Partnerships, and Joint Ventures taking place in US oil and gas industry- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US (Texas)- Get a detailed analysis of the deal to enable you to take better decisions- Develop a sound knowledge of the business model of Lucas EnergySource: Business Wire