Page 11: of Offshore Engineer Magazine (Aug/Sep 2016)

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NEWS

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Woodside adds

Senegal acreage

Australia’s Woodside Energy has agreed to acquire all of

ConocoPhillips’ (COP) as- sets offshore Senegal, West

Africa, for US$430 million.

The deal will see COP

H paid $350 million, then $80 million on completion,

I for 100% of the shares in

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ConocoPhillips Senegal,

G which holds a 35% working interest in a production shar- ing contract (PSC) with the

MN government of Senegal cover- ing three offshore exploration blocks, Ru? sque Offshore,

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Sangomar Offshore and

O

Sangomar Deep Offshore.

The PSC includes the FAN

L

E

P deepwater oil discoveries and the deepwater, basin opening SNE discovery with an estimated 560 MMbbl

Q recoverable oil, is likely to be developed as a subsea project tieback to a ? oating produc- tion vessel.

L

First gas at Alba B3

Houston-based Marathon Oil achieved ? rst gas production including; the Celtic Sea, Porcupine Basin offshore from its new Alba B3 com- the structure. Further evalu-

Western English Channel, Ireland for Woodside. pression platform offshore ation of the Eagle results is

Bristol Channel, St George’s The Bréanann 3D seismic Equatorial Guinea.

ongoing.

Channel and the Irish Sea. program is over 2400sq km. Production from the B3

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Porcupine

Acquisition is expected to be The program is expected to platform allows Marathon Oil gets 3D seismic completed during Q4 2016 take ? ve weeks to complete, to convert approximately 130 and data released to industry Norwegian seismic ? rm but the processed and inter- MMboe of proved undevel- in Q2 2017. PGS is performing a new preted results will require oped reserves, more than 3D seismic program in the many months thereafter. doubling the company’s

I

EnQuest

H

ENGIE E&P Norge, previously GDF Suez, makes GKA hit ENGIE spuds Cara

UK independent EnQuest has ENGIE E&P Norge spudded the Cara explora- is operator (30% interest) with partners con? rmed a discovery on the tion well in PL 636 in the northern Norwegian Idemitsu Petroleum Norge (30%), Tullow Oil

Eagle exploration well in the North Sea. The well is 35km o