Malaysian national oil company Petronas is about halfway through drilling the first of three back-to-back exploration wells in East Timor's joint petroleum development area.
According to East Timor's national petroleum authority (ANP), Diamond Offshore’s jack-up Ocean Shield arrived on location in Block 06-102 on 16 September, and is currently drilling the Makikit-1 exploration well.
It is estimated the first well will take 43 days to complete and will be followed by the Kurita and Sipu prospects, respectively.
The ANP said the three prospects would test the hydrocarbon potential of Jurassic sandstone reservoirs within the Elang/Plover formation.
"While it is too early to tell if new petroleum discoveries will be made, the ANP wishes the companies concerned every success in this latest exploration drilling campaign and expect the drilling to be performed in a safe and prudent manner," said the regulator.
Petronas was awarded the block in late 2006 following the country's inaugural licensing round.
Petronas owns a 50% operating interest in Block 06-102 and is partnered by South Korean companies Korea Gas (30%), Samsung (10%) and LG International (10%).
The Malaysian company said previously it was optimistic about “the commerciality of the block's hydrocarbon accumulations”.
Wednesday, October 7, 2009
Saturday, September 26, 2009
Follow up study of MPD successful application
The international association of drilling contractors (IADC) defined 2 categories of the Managed Pressure Drilling (MPD) reactive MPD includes drilling programs that are tooled up with at least a rotating control device (RDC), choke, and perhaps drill string float to safely and efficiently deal with problems that could occur downhole. Proactive MPD includes designing a casing, fluids and openhole program that precisely manages the wellbore pressure profile. With these categories of MPD can offer the greatest benefit to the offshore drilling industry as it can deal with foreseen problems before they occur.
Couple with the experience in the offshore drilling the MPD has proved that with its latest technology that can mitigate the drilling related - issue. However, to quantify the MPD application there must be a follow-up study in order to quantify the MPD application. And also study must follow up in order to select the MPD techniques to drill in the isolate environment, one of them is Timor Sea, as Timor Leste is a virgin country in term of technology and the wells history or drilling histories of the fields therefore it is important if researchers looked at some other alternatives in regard with this issue.
In addition, in regard of the Non-Productive Time (NPT) the study also requires to indentify the number of days reduced using MPD, with that we will ascertain to estimate the drilling cost, it helps to avoid over estimated of Authorized for Expenditure (AFE)and also the researchers need to look at the cheaper technology for selecting the MPD this is including the use of simple modelling which the existence computer program to simulate the program therefore it won't take any longer in selection of the MPD's techniques.
Couple with the experience in the offshore drilling the MPD has proved that with its latest technology that can mitigate the drilling related - issue. However, to quantify the MPD application there must be a follow-up study in order to quantify the MPD application. And also study must follow up in order to select the MPD techniques to drill in the isolate environment, one of them is Timor Sea, as Timor Leste is a virgin country in term of technology and the wells history or drilling histories of the fields therefore it is important if researchers looked at some other alternatives in regard with this issue.
In addition, in regard of the Non-Productive Time (NPT) the study also requires to indentify the number of days reduced using MPD, with that we will ascertain to estimate the drilling cost, it helps to avoid over estimated of Authorized for Expenditure (AFE)and also the researchers need to look at the cheaper technology for selecting the MPD this is including the use of simple modelling which the existence computer program to simulate the program therefore it won't take any longer in selection of the MPD's techniques.
Friday, September 25, 2009
Sunday, September 20, 2009
Timor Leste Rank as 56th World's Oil Production
As of current report Timor Leste is ranked in 56th of the World's Oil production with 78,480 Barrel oil per day (Estimated) followed by France and Pakistan of 57th and 58th, respectively.
However, the data for gas isn't available yet, But as of our current oil production at 78,480 bopd with an estimated current crude oil price at 72 dollar/barrel, so the the amount of sale of the oil alone will be $ 5,650,560 / day.
Certainly, the production will increase in few years to come as new fields in JPDA are expected to be developed, drilled and explored.
Even though we are rank in 56th world's oil production but due to the size of our country and the population we will still enjoy with steady economic growth in at least 2 decades, after two decades probably the oil price won't be interested due to the new technologies for the renewable energy source e.g. Solar, bio-diesel, wind and water.
So the question, is will our government has capable to manage this resource and use the revenues that we claimed from this resource and turn it to other form of the feasible market that can be lasted for longer period!!. The answer is uncertainly.
However, the data for gas isn't available yet, But as of our current oil production at 78,480 bopd with an estimated current crude oil price at 72 dollar/barrel, so the the amount of sale of the oil alone will be $ 5,650,560 / day.
Certainly, the production will increase in few years to come as new fields in JPDA are expected to be developed, drilled and explored.
Even though we are rank in 56th world's oil production but due to the size of our country and the population we will still enjoy with steady economic growth in at least 2 decades, after two decades probably the oil price won't be interested due to the new technologies for the renewable energy source e.g. Solar, bio-diesel, wind and water.
So the question, is will our government has capable to manage this resource and use the revenues that we claimed from this resource and turn it to other form of the feasible market that can be lasted for longer period!!. The answer is uncertainly.
Monday, September 7, 2009
Oil and Gas field in Timor Leste onshore
Bunch of friends asked me through the email and asking whether the onshore reserve in Timor Leste is economical to extract. To answer that I rushed to looked some of the fact on the onshore acquittance data and with the data provided it is hard to tell the exact quantity of the oil and gas reserve in the land of Timor Leste's territory. But based on my knowledge it is worthy if we do again the seismic survey to identify the trap or fault of the rock or structure of the formation in order to enable us to interpret it, and I am sure the survey has been done included with seismic data but as not in the team so it is hard to tell.
By referring the report from the Government of Timor Leste that in Ailembata field there were oil and gas seep as well as in Suai, with this rough idea we could anticipate that the oil and gas field in the onshore of Timor Leste, probably small field because the seep oil and gas that at the surface, because the formation doesn't hold enough seal to isolate the oil and gas at the earth beneath/crust so that oil or gas cannot be migrated at the surface and with that it is hard to tell that our onshore can have significant oil and gas reserves.
But this is not a conclusion but certainly the survey need to be done to acquire and test the data at an adequate approach and we shall come up with a conclusion.
But I think there is must something to be done.
By referring the report from the Government of Timor Leste that in Ailembata field there were oil and gas seep as well as in Suai, with this rough idea we could anticipate that the oil and gas field in the onshore of Timor Leste, probably small field because the seep oil and gas that at the surface, because the formation doesn't hold enough seal to isolate the oil and gas at the earth beneath/crust so that oil or gas cannot be migrated at the surface and with that it is hard to tell that our onshore can have significant oil and gas reserves.
But this is not a conclusion but certainly the survey need to be done to acquire and test the data at an adequate approach and we shall come up with a conclusion.
But I think there is must something to be done.
Monday, August 24, 2009
East Timor seeks pipeline action
EAST Timor has called for an end to delays over the development of the oil and gas-rich Greater Sunrise field in the Timor Sea after new interest from investors in Malaysia, China and South Korea.
Dili says Malaysian, South Korean and Chinese parties have expressed support for a pipeline from the reservoir to a production facility in East Timor rather than in Darwin.
East Timor Natural Resources Secretary Alfredo Pires said yesterday talks had been held recently with China on the feasibility of an LNG pipeline from Greater Sunrise to the south coast of East Timor.
While energy-hungry China is considering potential joint ventures with Dili in the Timor Sea, it is understood the talks, while resulting in support for Dili's aspirations for a shore-based liquefication plant and pipeline, did not lead to a firm commitment to bankroll the project.
After tortuous negotiations resulting in an agreement in 2007 to defer the question of a maritime boundary for 50 years, Canberra and Dili agreed to split the revenue from Greater Sunrise 50-50, a deal worth an estimated $10 billion to each country.
Mr Pires said Dili was now looking for potential development partners for the Greater Sunrise field.
"There hasn't been anything official regarding Chinese involvement but there have been indications of their interest,' he told The Australian in a telephone interview from Dili.
"Our minister for foreign affairs has gone to talk with China both the publics firms as well as private firms."
China had earlier undertaken a survey of the potential oil and gas prospects for East Timor, the minister said.
"Regarding Greater Sunrise, we'd like the pipe to land on the shores of Timor Leste and as soon as everyone comes round to that idea we'll be ready to go," Mr Pires said.
"The South Koreans, Petronas (Malaysian state-owned oil company) and the Thais, they are
who we've got more close relationships with.
"They've made much more serious proposals than anyone else."
A spokesman for Australian resources company Woodside said a decision on transporting gas from Greater Sunrise would be made in coming months, but currently the company favoured either a floating processing plant or tapping into the existing Darwin pipeline linking the Bayu-Undan field.
Woodside has a 33.4 per cent stake in Greater Sunrise, along with its partners Shell, ConocoPhillips and Osaka Gas.
Industry experts said last night that the cost of building a pipeline and liquefication plant on the south coast of East Timor could run to $8-10 billion for a plant with an output capacity of 3-4 million tonnes of liquefied natural gas per annum.
"Petronas has deep pockets, is one of the world's leading producers of LNG and has great expertise," said a Hong Kong-based energy expert, who asked not to be named.
"But you have to find a buyer for the gas. It would be curious for China to be involved (in building the pipeline and plant) if the customer for the gas is South Korean."
Dili says Malaysian, South Korean and Chinese parties have expressed support for a pipeline from the reservoir to a production facility in East Timor rather than in Darwin.
East Timor Natural Resources Secretary Alfredo Pires said yesterday talks had been held recently with China on the feasibility of an LNG pipeline from Greater Sunrise to the south coast of East Timor.
While energy-hungry China is considering potential joint ventures with Dili in the Timor Sea, it is understood the talks, while resulting in support for Dili's aspirations for a shore-based liquefication plant and pipeline, did not lead to a firm commitment to bankroll the project.
After tortuous negotiations resulting in an agreement in 2007 to defer the question of a maritime boundary for 50 years, Canberra and Dili agreed to split the revenue from Greater Sunrise 50-50, a deal worth an estimated $10 billion to each country.
Mr Pires said Dili was now looking for potential development partners for the Greater Sunrise field.
"There hasn't been anything official regarding Chinese involvement but there have been indications of their interest,' he told The Australian in a telephone interview from Dili.
"Our minister for foreign affairs has gone to talk with China both the publics firms as well as private firms."
China had earlier undertaken a survey of the potential oil and gas prospects for East Timor, the minister said.
"Regarding Greater Sunrise, we'd like the pipe to land on the shores of Timor Leste and as soon as everyone comes round to that idea we'll be ready to go," Mr Pires said.
"The South Koreans, Petronas (Malaysian state-owned oil company) and the Thais, they are
who we've got more close relationships with.
"They've made much more serious proposals than anyone else."
A spokesman for Australian resources company Woodside said a decision on transporting gas from Greater Sunrise would be made in coming months, but currently the company favoured either a floating processing plant or tapping into the existing Darwin pipeline linking the Bayu-Undan field.
Woodside has a 33.4 per cent stake in Greater Sunrise, along with its partners Shell, ConocoPhillips and Osaka Gas.
Industry experts said last night that the cost of building a pipeline and liquefication plant on the south coast of East Timor could run to $8-10 billion for a plant with an output capacity of 3-4 million tonnes of liquefied natural gas per annum.
"Petronas has deep pockets, is one of the world's leading producers of LNG and has great expertise," said a Hong Kong-based energy expert, who asked not to be named.
"But you have to find a buyer for the gas. It would be curious for China to be involved (in building the pipeline and plant) if the customer for the gas is South Korean."
Sunday, August 23, 2009
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