Page 17 - EurOil Week 11 2021

EurOil NEWS IN BRIEF EurOil

suggesting a monetary volume of TRY104bn. Petisovci gas field, following an agreement options for four wells, including the one
In 2019, EPIAS was ranked second with Croatia’s INA to re-open the pipeline announced Wednesday.
on Fortune magazine’s top 500 Turkish evacuation route.
companies list with TRY87.9bn in net sales. “The production at the PG-11A well
has now restarted following agreement Wintershall Dea gets
with INA, in Croatia, to re-open the
Eni-Novatek to start pipeline evacuation route and to receive approval for Norwegian Sea
export sales gas without a minimum
offshore drilling in offtake commitment for the initial days of appraisal well
production stabilisation,” Ascent Resources
Montenegro on March 25 said in a filing with the London Stock Wintershall Dea Gets Approval for Norwegian
Sea Appraisal Well
Exchange.
A consortium of Italy’s Eni and Russia’s The company said it initially recorded The well will be drilled using Odfjell
Novatek plans to start the first exploratory an average production rate in excess of Drilling’s Deepsea Aberdeen semi-
oil and gas drilling offshore Montenegro on 20,000 scm per day. submersible drilling rig, after the
March 25, Marko Perunovic, state secretary at “The JV will continue to monitor completion of the drilling of wildcat well
the capital investments ministry, said at press production over the coming days and only 6507/4-2 S also for Wintershall Deain
conference on March 12. A video of the press thereafter commit, to INA, daily sales production licence 211, the Norwegian
conference was uploaded on the government’s gas delivery volumes on a weekly basis. Petroleum Directorate, which granted the
YouTube channel. Revenues received from gas sales will first permit, said March 16.
The consortium was awarded a go towards accrued and continuing JV The drilling program for well 6406/3-
concession deal in 2016. operational overheads,” the statement said. 10 A relates to the drilling of an appraisal
“A pretty large oil deposit is expected. Ascent holds a 75% interest in the well in production licence 836 S, where
We are all optimists. After six months, Petisovci gas field in Slovenia, with its Wintershall Dea is the operator with an
when we touch the bottom of the well, partner Geoenergo holding the remaining ownership interest of 40%.
we shall know what it is about, but the 25% through a concession signed in 2002 The other licensees are DNO Norge AS
preliminary data is very optimistic,” with a term of 19½ years, which is due (30 percent) and Spirit Energy Norway
Perunovic said. for renewal in 2022.ondition and need AS (30 percent). The area in this licence
The drilling will last between four and significant repair works. consists of parts of blocks 6406/2 and
six months and the first well is located 14 6406/3.
nautical miles offshore Montenegro. The well will be drilled about 8 km west
The Topaz Driller rig that will perform More work for Odfjell of the Maria field in the Norwegian Sea
the drilling headed to Montenegrin and 200 km north of Kristiansund.
waters on March 7. The consortium has Drilling’s offshore rig with
established a logistics base in the port of
Bar, where most of the material that will be Equinor Serica Energy spuds
used during drilling has been delivered.
In November 2018, the consortium Norwegian oil company Equinor has Columbus well off UK
completed seismic tests as part of the exercised its option to add one more well to
exploration programme and the collected Odfjell Drilling’s Deepsea Atlantic offshore Oil and gas company Serica Energy has
data was processed in 2019. In early drilling rig contract. started drilling the Columbus well, located in
2020, geomechanical testing of soil was Odfjell Drilling said on March 17 the North Sea, using a Maersk Drilling-owned
completed to determine the properties of the well had been exercised under the jack-up rig.
the seabed. Continued Optionality mechanism in the The Columbus 23/16f-CDev1
Podgorica decided to award concession contract entered into between the two development well is located 35km
contracts for the production of companies in May 2018, as part of the southwest of the Shearwater platform in
hydrocarbons at 13 offshore blocks with overall Master Frame Agreement. the UK sector of the North Sea.
a total area of 3,191 square kilometres. So “The work shall commence after the Serica said on Wednesday that the well
far, it has signed two contracts – with a completion of the current scope estimated will be drilled to a total depth of 17,600ft
consortium between Eni and Novatek for to be in Q2/Q3 2021. The commercial using the Maersk Resilient jack-up rig.
the exploration of four blocks and with terms are materially the same as for the The well will include a 5,600ft horizontal
Energean Oil & Gas for the exploration of recently announced Johan Sverdrup Phase section.
two blocks. 2 contract award,” Odfjell Drilling said. Drilling operations expected to take
The two companies in November around 70 days.
2020 signed a contract for the use of the Serica entered into a contract with
Ascent Resources resumes Deepsea Atlantic rig on Equinor’s Johan Maersk Drilling for the provision of a
jack-up rig for the Columbus Development
Sverdrup Phase 2 field development in the
production at Slovenian gas North Sea, off Norway. back in October 2019. Under the contract,
Under the terms announced in
the work was initially scheduled to start in
field November, the contract for the use of the the fourth quarter of 2020.
Deepsea Atlantic drilling rig on the Johan
London-listed Ascent Resources said on Sverdrup was for twelve firm wells plus five
March 10 it resumed production at Slovenia’s optional wells. Equinor has since exercised

Week 11 18•March•2021 www. NEWSBASE .com P17