Oil and gas round-up

BlueNord has made a final investment decision on the Harald East Middle Jurassic well in the Danish sector of the North Sea, operated by the Danish Underground Consortium (DUC), a JV between TotalEnergies (43,2%), BlueNord (36,8%) and Nordsøfonden (20%) The HEMJ well will be drilled close to the Norwegian border and if successful deliver production by end of 2024. The expected gain from the well is up to 8 mmboe net to BlueNord of which ca 80% is gas. This well is drilled into the Jurassic with good reservoir properties.

Shell has taken a final investment decision (FID) on the Victory gas field in the UK North Sea, approx. 47 km north-west of the Shetland Islands. Once onstream, the field will help to maintain domestically produced gas for Britain’s homes, businesses and power generation. The development will feature a single subsea well which will be tied back to existing infrastructure of the Greater Laggan Area system, using a new 16 km pipeline.

Afrentra has been selected for two blocks in Angola’s 2023 onshore bid round. As part of the 2023 Public Tender process launched by ANPG, Afentra submitted bids for Blocks KON15 (1000 km²) and KON19 (900 km²) in the Kwanza onshore Basin as a non-operating partner. The onshore Kwanza basin, covering 25,000 km² is an under-exploited proven hydrocarbon basin and has numerous oil fields and discoveries dating back to 1955. Both KON15 and KON19 blocks were high-graded by Afentra as they have good signs of a working petroleum system and contain wells that were drilled on salt structures with light oil recovered to surface in one and oil shows in others from post and pre-salt reservoirs. There is limited 2D seismic data.

Serinus Energy has been selected as a preferred bidder on the KON-13 block in the onshore Kwanza basin in the Republic of Angola. The Kwanza basin is a large proven hydrocarbon basin extending over 25,000 km². The basin has existing oil discoveries dating back over 70 years. The KON-13 block has an aerial extent of 1011 km² with one exploration well drilled in 1969 and 136 km of legacy 2D seismic. The Kwanza basin is located both on and offshore Angola. It extends from Luanda, located in the north, to Cape Santa Maria farther south. The company sees this basin as an under-explored and under-exploited basin.

Aker BP and Equinor have discovered oil in well 30/12-3 S in the North Sea. The wells were drilled about 40 km south of Osberg. The licence is part of the Munin field. Between 0.15 and 0.55 million Sm³ of recoverable oil equivalent (o.e.) was proven in well 30/12-3 S. Well 30/12-3 S encountered a 3.5-m oil column in the Tarbert Formation, in a sandstone reservoir with moderate reservoir quality. The Tarbert Formation was 195 m thick, 97 m of which was sandstone rocks with moderate-good reservoir quality. The oil/water contact was encountered 3110 m below sea level. The Ness Formation was about 163 m thick, 19 m of which was a sandstone reservoir with moderate reservoir quality. Well 30/12-3 A encountered the Tarbert Formation with a thickness of about 216 m, 19 m of which was sandstone rocks with poor reservoir quality. The Ness Formation was 50 m thick, 11 m of which was a sandstone reservoir with moderate reservoir quality. Data acquisition was undertaken.