Exploration • Drilling • Field Services
Exploration companies eye existing reserves and new prospects
Brazil, Vietnam and Ireland are the focus of many new investments as exploration companies build on existing positions and also look to exploit potential reserves.
Brasil, Vietnam e Irlanda son el foco de muchas nuevas inversiones, ya que las empresas de exploración se basan en lugares existentes y también buscan explotar las reservas potenciales.
Brasilien, Vietnam und Irland sind im Fokus vieler neuer Investitionen, da Explorationsfirmen bestehende Unternehmungen ausbauen und planen, potentielle Vorkommen zu erschließen.
I
n Brazil, Statoil was the highest bidder on six licenses in the 11th round, the first licensing round in the country since December 2008. Te new licenses strengthen the
company’s position in the Espirito Santo basin.
Te award reflects Statoil’s extensive application and ambition of long-term growth in Brazil. Out of the six licences awarded in Espirito Santo, Statoil is the operator for four and partner in two. “We are very pleased with the
outcome,” said Tim Dodson, Statoil executive vice president for exploration. “Te award of the blocks in the Espirito Santo Basin is in line with Statoil’s exploration strategy to build on core positions in prolific and proven basins. Te new positions underscore our ambition to grow in Brazil, which we see as a region for long-term growth.” In December 2012 Statoil acquired
25 per cent participating interest from Vale in BM-ES-22A in the Espirito Santo Basin. Petrobras is the operator with 75 per cent. Te farm-in is pending National Agency of Petroleum approval. BM-ES-22A is adjacent to the BM-ES-32
license where Statoil is partner and which holds the Indra discovery. Statoil already operates the Peregrino
field in Brazil, which came on stream in April 2011, and the company is currently the largest international operator in the country. .
Farm-in agreement In a separate move Statoil has also signed a farm-in agreement with BP, acquiring a 30 per cent equity share in four exploration licences offshore South Australia. Pal Haremo, senior vice president for global new ventures in exploration, explained: “With this agreement we gain access to a vast, under-explored area with high-impact potential. Tis is in line with our strategy, supporting our long-term growth ambitions by providing early access at scale in a new and promising basin, positioning us for high-impact exploration.”
Te four licenses (EPP 37, 38, 39 and
40) are located in the frontier Ceduna Sub Basin within the Great Australian Bight, off the coast of South Australia, and cover more than 24,000 km2
of acreage..
Data processing BP has completed a 12,000 km2
3D
seismic survey in the license area and is currently finalising the processing of this data. Next steps include maturation of drillable prospects and continued environmental studies. Te work programme includes drilling up to four wells within the largely untested license area. BP will continue to operate the exploration licenses. Statoil already has a presence in
Australia following the farm-in into Petrofrontier’s four existing and two pending onshore exploration permits
Fig. 1. Gazprom and Petrovietnam are already working together in hydrocarbons prospecting and exploration.
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