Wood Group Lands Engineering Gig at BP's Quad 204 Proj.

- Wood Group Lands Engineering Gig at BP's Quad 204 Proj.

Wednesday, September 07, 2011
John Wood Group plc

Wood Group Kenny has been appointed by BP to provide engineering design and project management services for the subsea, umbilical, riser and flowline (SURF) infrastructure for BP's Quad 204 redevelopment project West of Shetland. Wood Group Kenny is responsible for the design of $1.2 billion worth of subsea, pipeline and riser infrastructure for the project. The dedicated engineering team is already 50 strong and will expand to 75 in the near future.

Mike Ogden, Wood Group Kenny's project manager for Quad 204 said, "This project presents significant technical challenges integrating new infrastructure within an existing brownfield development. Specific issues include proving the remaining or extended design life of existing systems, challenging metocean conditions and the inclusion of 21 new risers, 15 new flowlines, a range of structures, a re-designed umbilical distribution and control system and 25 new wells into a restricted area already containing 52 wells. WGK are responsible for engineering the entire SURF system from the trees to the connections within the new FPSO and supporting BP through the delivery, testing, installation and commissioning of these systems."

Andrew Train, BP's Project Director, Offshore Activities said, "The recent sanction of the Quad 204 project represents a very significant investment for BP and its Partners in the North Sea. While the industry at large has been aware of the replacement FPSO, the scale and complexity of redevelopment associated with the subsea system has gone relatively unnoticed. In many ways it is likely that redevelopment of the subsea system will be larger than the original development scheme. To manage a project of this scale and complexity and attract the best talent in the industry we have co-located a growing BP and Wood Group Kenny team in a project office in the center of Aberdeen. This office will be a hub of activity allowing detailed design work to be progressed by Wood Group Kenny and facilitate interaction with key suppliers and contractors."

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Northern Starts Extended Well Test at Markwells Wood

- Northern Starts Extended Well Test at Markwells Wood

Wednesday, September 07, 2011
Northern Petroleum plc

Northern Petroleum has started operations for an extended well test of the Markwells Wood oil discovery in West Sussex. The test will enable Northern Petroleum and its joint venture partners - Magellan Petroleum (UK) Limited and Egdon Resources U.K. Limited - to evaluate the potential and scheme for future development of the Markwells Wood oil accumulation.

The Workover rig arrived on site on Tuesday, September 6, 2011. The production string is being installed prior to the installation of testing facilities to enable testing operations to begin in early October 2011.

Production testing may take 40 days and will utilize a Linear Reciprocal Pump that has a lower height profile, lower noise emission and a smaller footprint than the more traditional 'Nodding Donkey' pump.

Depending on the results of those initial tests, acid stimulation may be applied to the reservoir formation.

Interests in License 126 are as follows:

• Northern Petroleum (GB) Limited 50%
• Magellan Petroleum (UK) Limited 40%
• Egdon Resources U.K. Limited 10%

Derek Musgrove, the Managing Director of Northern Petroleum stated, "Oil was encountered during the drilling of Markwells Wood towards the end of 2010. A core sample in the Great Oolite reservoir formation was successfully recovered and subsequently subjected to many laboratory tests. These established petrophysical characteristics of the formation and preferred stimulation treatments if required. Following completion of this work, the current program was designed and contracts issued."

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Oilex Notes Progress in Cambay Clean-Up Ops

- Oilex Notes Progress in Cambay Clean-Up Ops

Wednesday, September 07, 2011
Oilex Ltd.

Oilex advised that operations to prepare for well clean-up flow and production testing are continuing. Operations to retrieve down hole equipment, open up the remaining fracture stimulation stages and install production tubing will be conducted with a workover rig. Given the likely duration of this phase of the operations will be a few weeks, Oilex will provide the next update on operations when progress has been made.

The Cambay-76H "proof of concept" horizontal well is evaluating the production potential of the Y Zone interval of the extensive deep Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract area, Gujarat, India.

• Report date: September 6, 2011
• Status Preparations for well clean-up flow and production testing
• Past Week's Operations
  • Sourcing rig and equipment for the planned operation to retrieve tools in well
  • Successfully completed chemical cutting of coil tubing in hole
  • Demobilized surplus equipment, personnel and services.
• Objective: Cambay Eocene "tight" reservoir Y Zone
• Total Depth: 2,740 meters including 610 meters horizontal section

The participating interests in the Cambay PSC are:

• Oilex Ltd (Operator) 30%
• Oilex NL Holdings (India) Limited 15%
• Gujarat State Petroleum Corporation Ltd 55%

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FOGL Briefs Interim Results for 1H11

- FOGL Briefs Interim Results for 1H11

Wednesday, September 07, 2011

Falkland O&G Ltd.

FOGL announced its Interim Results for the six months ended June 30, 2011.

Highlights

• Contract signed for the Leiv Eiriksson drilling rig for two firm slots in first half 2012.
• Operatorship and remaining 51% equity in Northern License Area assigned back to FOGL by BHP Billiton together with a significant cash settlement.
• Completed the site survey and 2D seismic program.
• Equity placing raised US $51.8 million before expenses. Cash balance of $110.6 million at period end (2010: $80.4MM).
• Current available funds, including BHPB settlement, of $150.6 million.

Richard Liddell, Chairman of FOGL, said, "We made good progress during the first half of 2011, during which we negotiated the exit of BHPB from our licenses and regained complete control and operatorship of our license areas while also securing a significant cash payment from BHPB. This was an excellent outcome, which has enabled us to drive forward with the most important phase of our exploration program. In addition, we successfully raised $51.8 million through a share placing, which, combined with existing cash resources and BHPB's payment, leaves us in a strong financial position to drill two wells in 2012. We also signed a rig contract and expect drilling to commence with the Loligo well in the first quarter of 2012. In addition, a number of other prospects have been selected and prioritized as possible targets for the second well in the program."

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