Page 13 - LatAmOil Week 39 2021

LatAmOil NEWS IN BRIEF LatAmOil

After running casing, drilling will then recom- to 2,100 metres and involves acquisition and families in situations of social vulnerability to
mence towards the deeper objectives of Alam- analysis of geophysical data and geotechnical contribute with access to essential inputs, focus-
eda-1. The primary objectives of the Alameda-1 soil samples. Fugro will use this information to ing on LPG, popularly known as cooking gas.
well are the N and Alameda structures in the characterise site conditions and identify poten- The programme aims to align the company’s
lower sheet. tial geohazards, helping the client to de-risk social actions with that practiced by other mar-
Melbana Energy, September 27 2021 potential development activities. ket players and it is justified by the effects of the
The nearly seven-month-long field pro- exceptional situation and emergency resulting
Touchstone announces gramme was accomplished from the Fugro Bra- from the COVID-19 pandemic.
silis, using an autonomous underwater vehicle
“We are a socially responsible company com-
Royston-1 drilling results (AUV) for most of the geophysical data collec- mitted to improving the living conditions of
tion and piston and box corers for the seabed families, particularly the most vulnerable. The
Touchstone Exploration has completed drill- soil sampling. This approach was informed by 20 pandemic and all its consequences have brought
ing the Royston-1 exploration well and has years of experience in the region, including the more hardship to people in poverty. This fact
announced that the well encountered sub- collection of nearly 15,000 line-km of geophys- alerts Petrobras to reinforce its social role, con-
stantial hydrocarbon accumulations based on ical data and dozens of soil core samples in the tributing even more to society,” says Petrobras
drilling and wireline log data. Touchstone has Guyana-Suriname basin. To streamline project CEO Joaquim Silva e Luna.
an 80% operating working interest in the well, delivery and reduce the carbon footprint, Fugro The programme’s model is in the final stage
which is located on the Ortoire block onshore in performed initial data processing and laboratory of studies, including the definition of the cri-
the Republic of Trinidad and Tobago. Heritage testing onboard the vessel. teria for choosing families in vulnerable situa-
Petroleum Co. (HPC) holds the remaining 20% “This work represents one of Fugro’s largest tions and the search for partners who can join
working interest. site characterisation programmes in the region forces and increase the amount to be invested,
Highlights: Royston-1 was drilled to a total over the past several years,” said Brian Hottman, with the possibility of creating a fund that will
depth of 10,700 feet (3,260 metres) and is the Fugro’s director for the Caribbean and Pacific allow other companies to join the project. With
deepest exploration well drilled by Touchstone South America. “Our history in the region and this pioneering initiative, Petrobras reaffirms its
to date. Mud logging and wireline logs indicate our shared commitment to safety, sustainability commitment to the well-being of society.
hydrocarbon accumulations in the Lower Cruse, and local content is adding value to the project Petrobras, September 29 2021
Karamat and Herrera sections. The well encoun- and helping our client meet their responsible
tered a total Herrera turbidite thickness of 1,014 resource development goals for Block 58.”
feet or 309.1 metres (609 feet or 185.6 metres net Fugro, September 27 2021 PERFORMANCE
sand) in two stacked thrust sheets.
An aggregate 393 gross feet (119.8 gross PGS wins 3-D seismic Argos Resources announces
metres) of hydrocarbon pay was identified in
two unique thrust sheets in the Herrera sands contract from ExxonMobil for 2021 interim financial results
from 9,700 feet (2,960 metres) to total depth,
with wireline logs indicating that the well was in work offshore Suriname AIM-listed Argos Resources, the Falkland
hydrocarbon pay at total depth. Islands based company focused on the North
The well is currently being cased and pre- PGS has secured a 3-D acquisition contract Falkland Basin, has announced its interim
pared for production testing of the Herrera with ExxonMobil for work offshore Suriname. financial results for the six months ended June
Formation. Ramform Tethys is scheduled to commence 30, 2021.
The Royston-1 well was the final exploration acquisition during Q4-2021, and it is planned to Chairman’s Statement: “During the reporting
commitment under Touchstone’s Ortoire Explo- complete in Q1-2022. period of the first half of the year there has been
ration and Production Licence. The Company “We are very pleased with this contract award a significant stabilisation of the oil markets fol-
has an 80% working interest in the licence but is by ExxonMobil. We are increasingly familiar lowing a turbulent year in 2020. Brent crude oil
responsible for 100% of the drilling, completion with Caribbean waters and have proven the pro- prices have traded in the range of $43 per barrel
and testing costs associated with the initial five ductivity advantage of our Ramform Titan-class at the beginning of the year, increasing to over
exploration wells. Heritage holds the remaining acquisition platform and superior data quality $75 per barrel by the end of June 2021. This fairly
20% working interest. provided by our multi-sensor GeoStreamer steady rise in prices has been driven by increas-
Touchstone Exploration, September 24 2021 technology in this prolific exploration area,” says ing demand, although still below pre-Covid 19
President and CEO in PGS, Rune Olav Pedersen. pandemic levels, and reduced production by
PGS, September 24 2021 OPEC+.
SERVICES

Fugro completes geohazard ESG
investigation at Block 58 Petrobras expands

Fugro has finalised fieldwork on a site investi- distribution of LPG
gation programme for TotalEnergies off the
north-west coast of Paramaribo in Block 58 of Petrobras informs that the company’s Board
the Guyana-Suriname Basin. of Directors approved, today, the allocation of
The project sits approximately 150 km off- BRL300mn, over a period of 15 months, for
shore in water depths ranging from 60 metres the creation of a social programme to support

Week 39 30•September•2021 www. NEWSBASE .com P13