Oil & Gas Refining and Marketing

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OMV AG makes small oil discovery in Barents Sea

Thursday, 3 Jul 2014 03:52am EDT

OMV AG:Announces that it has made a small oil discovery in the Barents Sea.Says the well, drilled about seven kilometers northwest of the 7324/8-1 "Wisting Central" oil found, encountered an oil column of about 20 meters, estimated to hold between three and eight million cubic meters of recoverable oil.Says it holds 25 percent in the license 537, where the discovery was made.Says the other partners include Idemitsu Petroleum, Petoro and Tullow Oil with each holding 20 percent, and Statoil with 15 percent.

Atlantic Petroleum concludes drilling on the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006 held with Statoil ExxonMobil and OMV

Friday, 27 Jun 2014 03:00am EDT

Atlantic Petroleum P/F:Says that drilling operations on the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006, held with Statoil, ExxonMobil and OMV, have concluded.The well was drilled to 4542 meters and drilling was operationally challenging.No hydrocarbons were found in the intervals drilled and the well will be now plugged and abandoned.The well was re-entered using the West Hercules semi-submersible rig in a water depth of about 460m.Brugdan is a large four-way dip closure in the Tertiary that was previously drilled in 2006 by the 6104/21-1 well.Neither well encountered the Vaila Sandstone target.The well is operated by Statoil who holds a 35 pct interest in the licence.Atlantic Petroleum has 1 pct interest, with 49 pct held by ExxonMobil and 15 pct by OMV.

Lundin Petroleum spuds appraisal well 16/4-8 S on the Luno II discovery, offshore Norway in license shared with OMV and Statoil

Monday, 23 Jun 2014 02:23am EDT

Lundin Petroleum AB:Says it through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) commenced drilling of appraisal well 16/4- 8 S on the Luno II discovery in license shared with OMV AG and Statoil ASA.The Luno II discovery is located approximately 15 kilometers (km) south of the Edvard Grieg field in the North Sea sector of the Norwegian Continental Shelf (NCS).The well is located in PL359 and will appraise the Luno II Central South basin, located 4km southeast of the Luno II discovery well.The main objective of well 16/4-8 S is to test the reservoir properties and verify the petroleum potential.The reservoir is expected to be of Jurassic/Triassic age.The planned total depth is about 2,700 meters below mean sea level and the well will be drilled with the semi-submersible drilling unit Bredford Dolphin.The drilling operation is expected to take approximately 50 days.Lundin Norway, the operator of PL359, holds a 40 pct interest and has announced that it will increase its interest to 65 pct interest, subject to governmental approval.Statoil Petroleum AS holds 15 pct interest and OMV Norge AS has entered into an agreement to increase its interest from 15 to 20 pct, subject to governmental approval.

JX Holdings Inc starts copper concentrate production in Chile through subsidiary

Tuesday, 3 Jun 2014 12:00am EDT

JX Holdings Inc:Started copper concentrate production in Chile through Caserones Copper and Molybdenum Deposit Development Project that promoted by subsidiary JX Nippon Mining & Metal Corporation's subsidiary PAN PACIFIC COPPER CO. LTD on May 31 (local time).

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