Posts Tagged ‘taps’

Dana Gas gains UAE offshore gas block

by Forex Rooton November 22, 2012 9:35 am BST
The Sharjah-based company signed deals with the governments of both emirates to develop the field by drilling horizontal wells and installing an offshore processing platform and a 25-kilometre pipeline.Initial gas production from the field, which is situated 40 kilometres off both coasts, is planned for the first half of 2014,

Cormorant East field plan gets thumbs up

by Forex Rooton November 22, 2012 9:18 am BST
Taqa made the Cormorant East discovery last month when the 211/21-N94 well intersected oil-bearing sandstones in the Tarbert formation of the Jurassic Brent group within the then named Contender prospect.The approved field development plan will see the field be initially produced under primary depletion, with the potential to

Mixed results at Asha Noor prospect

by Forex Rooton November 22, 2012 7:36 am BST
The 16/1-16 well is targeting four separate reservoirs - the Heimdal formation, Aasgard formation (Noor), Hugin formation (Asha), and the Zechstein group.  However on Thursday well partner Bridge Energy revealed no Heimdal sand had been encountered in the well, while the sands in the Aasgard formation were found to be water

Brent nears $111 on uptick in China economy

by on November 22, 2012 5:02 am BST
China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, while a lower than expected drop in US oil inventory also boosted crude prices, Reuters stated.However, supply risks diminished after Israel and the Islamist Hamas movement agreed on Wednesday to an Egyptian-sponsored ceasefire