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Drilling of exploration well on Marine XIV completed

12/22/2011 11:53 AM EST  -   PA Resources AB
The exploration well Makouala Marine-1, located in Licence Marine XIV offshore the Republic of Congo (Brazzaville), has reached total depth at 2,700 meters. The well encountered hydrocarbons but only a modest pay thickness.
The operator SOCO has announced that the Makouala Marine-1 (“MKM-1”) exploration well, spudded on 19th November 2011 in the Marine XIV Licence, offshore the Republic of Congo (Brazzaville)...

First oil at Aseng increases PA Resources production

11/14/2011 10:00 PM EST  -   PA Resources AB
Production of oil has commenced on the Aseng Field in Block I in Equatorial Guinea. The field will contribute approximately 3,000 barrels of oil per day net to PA Resources. The Aseng project was delivered ahead of schedule and under budget.
First oil flowed from the field into the Aseng floating production, storage and offloading (FPSO) vessel on November 6, 2011. The oil production rate has steadily ramped up...

PA Resources Production Report for October 2011

11/8/2011 2:45 AM EST  -   PA Resources AB
Average production of oil per day*

(barrels per day) Year to Date 2011 October 2011
West Africa 5,100 3,800
North Africa 3,400 3,100
Group Total 8,500 6,900

* Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalty and other taxes. Production figures are preliminary.

· The production in Tunisia and the Republic of Congo was...

PA Resources discovers oil in the Lille John prospect

10/17/2011 2:45 AM EST  -   PA Resources AB
The oil and gas group PA Resources has made an oil discovery in the Miocene sandstone level in the Lille John prospect in License 12/06 offshore Denmark. The exploration well will now be sidetracked to a Chalk target.
The ongoing exploration well at the Lille John prospect has encountered approximately 5 meters of hydrocarbon pay in an overall Miocene sandstone/shale interval of 25 meters thickness at a depth...

PA Resources AB: Production report for Quarter 3, 2011

10/7/2011 2:45 AM EST  -   PA Resources AB
PA Resources’ average production per day*

(Barrels per day) Year to Date, Quarter 3, September,
2011 2011 2011
West Africa 5,200 4,500 4,000
North Africa 3,500 3,300 3,300
Group total 8,700 7,800 7,300

* Production based on Working Interest, which is PA Resources’ share of the total gross production on the oil fields before deduction of royalty and other taxes. Production figures are preliminary.

· Total oil...

Update on activities in Block H in Equatorial Guinea

10/3/2011 4:30 AM EST  -   PA Resources AB
The oil company White Rose Energy has announced a farm-in to Block H in Equatorial Guinea, which contributes to an advancement of the exploration activities in the block. An exploration well is going to be drilled in 2012. PA Resources is one of the partners in Block H.
The oil and gas company PA Resources notes the press release issued by White Rose Energy Ventures regarding its farm-in to Block H in...

Exploration well at Lille John spudded

9/9/2011 2:45 AM EST  -   PA Resources AB
The oil and gas group PA Resources continues its drilling campaign in Licence 12/06 in the Danish North Sea with the commencement of drilling of an exploration well at the Lille John prospect.
In July an exploration well was drilled on the Broder Tuck prospect on the Danish License 12/06 and gas and condensate was discovered. In August, a side track encountered additional hydrocarbons. The well has now been...

PA Resources confirms Danish gas discovery

8/26/2011 2:45 AM EST  -   PA Resources AB
The sidetrack of the recent gas discovery at the Broder Tuck prospect in Licence 12/06 offshore Denmark has confirmed additional hydrocarbon column whilst sample analyses from the initial exploration well have indicated a higher than expected condensate content.
Bo Askvik, President and CEO at PA Resources, comments: “We are pleased to have confirmed additional hydrocarbons with the sidetrack and to be able to...

Penny Wise Pound Foolish

1/4/2010 7:21 AM EST  -   Logical Creative Marketing
Nearly 80% of UK CEOs and FDs believe their business is at risk during this recession yet few realise that this risk includes potential litigation following cost cutting measures
Nearly 80% of UK CEOs and FDs believe that the recession has increased the number of risks that their businesses face and over 50% of them have sought to reduce costs or share financial risk since the beginning of 2008. However 75% of...
Stuart Stafford
 

Cavotec strengthens UK offshore industry presence with Scottish base

10/22/2009 10:25 AM EST  -   Cavotec
Global engineering group, Cavotec MSL, is expanding its presence at the heart of the UK’s offshore energy sector, with the establishment of a satellite office in Aberdeen, on the east coast of Scotland.
“Our new Scottish base will help us to expand our coverage in the region – one that we hope to develop in the medium term,” says Cavotec UK Managing Director, Gary Matthews.

Offshore industry expert, Stuart...