Page 21: of Offshore Engineer Magazine (Feb/Mar 2013)

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Global briefs

Global Briefs

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A Chevron joins Chevron joins

B

Kitimat LNG

US supermajor Chevron has purchased both EOG

Resources and Encana’s

D stake in the two-train PXP off to PXP off to

Kitimat LNG facility and

Morocco

Houston-based Plains its associated Paci? c China Sea oil ? elds, license neighbors the Exploration & Production Trail pipeline. Under a Panyu and Liuhua.

Indra discovery in license (PXP) will pay new agreement, Chevron CNOOC serves as operator

BM-ES-32, of which US$15 million for 52% and Apache will each for both ? elds, situated

Statoil holds 40% interest. operating interest in hold 50% interest in the in water depths ranging

Statoil plans to participate Australia-based Pura venture. Kitimat LNG will from 100m to 268m in the in an exploration well Vida Energy’s 2.7 million be built in Bish Cove, Pearl River Mouth Basin. later this year. acre Mazagan permit off 400 miles north of Liuhua 4-1 and Panyu

Morocco. Additionally, Vancouver. 4-2/51 are expected to hit

C

PXP will fund 100% of peak production this year Yitzhak Yitzhak

B the costs of drilling and and next, respectively. Espirito Santo Espirito Santo extension

Israel has extended for six operating two exploration Lihua 4-1 is a subsea farm-in months Adira Energy’s wells up to a maximum Statoil picked up 25% development consisting of drilling contract for the of $215 million. The ? rst interest in Petrobras’ one production manifold shallow water Yitzhak Espirito Santos license well, targeting the Toubkal and eight production prospect. Adira CEO prospect, is expected BM-ES-22A, paying wells, produced through

Jeffrey E Walter said the to be drilled next year. mining ? rm Vale SA the FPS Nanhai Tiao extension will allow Estimates place Mazagan’s US$40 million in cash. Zhan and then pumped the company time to prospective recoverable The sale relieves Vale to the FPSO Nanhai obtain a drilling rig while oil resources at 7 billion from $80 million in Sheng Li. The Panyu ? eld it focuses on drilling barrels. previous committed development ‘adjustment activities on the nearby expenditures while project’ is based on two

E

Gabriella license. Yitzhak Petrobras remains license ? xed platforms 11 miles Chinese duo Chinese duo is 17km off the Israeli CNOOC commenced operator with 75% equity apart with an FPSO coast. production at two South interest. The BM-ES-22A moored between them.

oedigital.com February 2013 | OE 23 oe_globalbriefs.indd 23 31/01/2013 10:25