Global Explorers
FORTNIGHTLY
You Know The Drill!
13 June 2014 sendspace.com
Upcoming exploration results
Potential well results in the near term:
Hanssen Barents Norway | Gross potential: 110mmboe | Medium risk
Tullow | 20% WI | 0.9p/6.0p risked/unrisked | Medium impact
Maqlub-1 Kurdistan | Gross potential: 400mmboe | Medium risk
Afren | 20% WI | 2.2p/13.2p risked/unrisked | Medium impact
Sala Kenya | Gross potential: 402mmboe | High risk
Africa Oil | 50% WI | Skr1.9/Skr18.8 risked/unrisked | High impact
Sangomar Deep Senegal | Gross potential: 817mmboe | High risk
Cairn Energy | 40% WI | 28p/285p risked/unrisked | High impact
For the Majors, focus is on the Kwanza Basin, Angola, in 2014.
Eni: The Ombovo-1 well should have reached TD, so far no update.
Statoil & Genel: Dilolo (STL operated 40% WI, Genel 8% WI)
commenced drilling around early June and should take 100-120 days.
Statoil's Tim Dodson (Exec. VP of Exploration) said "this is a mega
four-way closure. It could be in excess of 1000 square kilometers, and
it's one of the largest closures I've seen in my career. However, multiple
wells will be needed to fully test the Dilolo closure, and one well will not
provide all the answers." Results expected around end-3Q14 / 4Q14.
Total: the Puma well has recently spudded.
ConocoPhillips: plans 4 wells on Blocks 36 & 37 starting this year.
Other updates No updates expected from Det Norske, EnQuest, Faroe
Petroleum, Genel, Lundin Petroleum, Ophir Energy or Premier Oil.
Top picks: Africa Oil, Cairn Energy and Genel Energy |
