March 2012
Greetings from StratoChem Services!

 

Within the industry it appears that spring marks a season of conferences, a number of which we at StratoChem Services are particularly looking forward to. The first on our list will occur this coming month, at the beginning of April, and it is the 15th International Conference on Petroleum, Mineral Resources, and Development held by the Egyptian Petroleum Research Institute (EPRI). Not only will StratoChem have a booth at the exhibition but we will also be participating in a poster session with our paper entitled "Chemostratigraphy of the Gebel el Maghara (Sinai, Egypt) using portable, handheld X-ray Fluorescence (XRF) Analysis." As many of you know, we have been quite keen on experimenting with the possible applications of the XRF. This paper will discuss one of those applications - chemostratigraphy. We are very excited to present our findings, discuss the implications, and hear feedback from our peers. We look forward to seeing you there!

 

For further information about our services please direct inquiries to: info@stratochemlabs.com


Egypt: MENA Hydrocarbons Announces Operations Start at Lagia Oil Field and Creation of JV Company

 

(www.energy-pedia.com - March 25 2012)

 

 

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     Egypt: MENA Hydrocarbons announces operations start at Lagia oil field and creation of JV company.

 

   Last year was a trying period for Egypt's leading petroleum agency in charge of exploration and development of petroleum resources, Egyptian General Petroleum Corporation (EGPC).

 

       Operations on the Lagia oil field development commenced March 16, 2012. Using Petro services Drilling Overseas (PSDO) 750 HP rig Shams 1, the six well program consists of working over two existing wells, the drilling of two development wells and drilling a further two appraisal wells.

 

 Read More ...

 

Tunisia: CYGAM Energy Announces Drilling of the BJA-2 Exploration Well in the Sud Remada Permit

 

(www.energypedia.com - March 25, 2012)

 

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      CYGAM Energy has advised that the Chinook Energy-operated BJA-2 well will be drilled to a total vertical depth of approx. 1,580 metres MD to evaluate the hydrocarbon potential of a new large structure, named Bir Jaouacha, located approx. 17 km north-west of the producing TT structure in the Bir Ben Tartar production concession within the Sud Remada permit.

 

     The main targets of the BJA-2 well are the Bir Ben Tartar and Lower Jeffara Formations of lower Ordovician age, which are the same reservoirs that produce oil in the TT structure. An extensive coring program of approximately 60 to 80 m in length is planned in the Lower Jeffara and Bir Ben Tartar reservoir formations.

 

Read more... 

 

Lukoil, Iraq To Sign $998M West Quran Deal With SamSung

 

(www.rigzone.com - March 20th 2012)
 

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     Russia's OAO Lukoil Holding and Iraq will officially sign a $998 million deal Thursday with South Korea's Samsung Group to develop the supergiant West Qurna phase 2, oil field in southern Iraq, the Iraqi oil ministry said in a statement Tuesday.

 

    Lukoil and Iraq awarded the deal to Samsung in January to build a central processing facility, or CPF. Work on the facility is expected to take 31 months to complete, officials had said.The CPF will enable the consortium to produce 400,000 barrels of oil a day from West Qurna-2 by 2014 as part of the first-stage development of the field, officials said.

  

  Lukoil and Norway's Statoil ASA were awarded a 20-year service contract for West Qurna Phase 2 in Iraq's second licensing round held in December 2009. The companies promised to get the southern field pumping at a rate of 1.8 million barrels a day for payment of $1.15 a barrel.

 

 Read more ...

 

  

Dana Gas Encumbered by Payment Delays

  

(www.egyptoil-gas.com - March 14, 2012)                                                                          

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    UAE-based Dana Gas is struggling to cope with the payment delays owed from Egypt and Kurdistan. The company's outstanding debt of $1billion Sukuk (Islamic bonds) has significantly strained the company's ability to progress its expansion plans in Egypt.

 

   Moreover, investors are growing anxious as to the company's liquidity problems and the risk of defaulting on the outstanding debt once the bond reaches maturity next October.

 

   A company's spokesman stated, "With reference to its Convertible Sukuk which are not due until 31 October 2012, the Company has been proactive in taking the initiative to mandate advisors including an international financial advisor and will update the market with its plans in good time and due course."

 

                 Read More ...

  
Namibia: Chariot Oil & Gas Announces Placing Of Ordinary Shares and Corporate Update 

 

(www.Petroleumafrica.com - March 20, 2012) 

 

 

    Chariot Oil & Gas, the independent Africa focused oil and gas exploration company, has announced that it has conditionally placed 18,110,400 New Ordinary Shares at a price of 170 pence per share to raise gross proceeds of 30.8 million (approx. US$48.7 million). 

  

Highlights:

 

Placing to raise 30.8 million (approximately US$48.7 million):

 

  •  Net proceeds provide immediate boost to the Company's already strong working capital position
  •  Enables a new, long term supportive investor to take a meaningful stake in the Company
  • Allows for the drilling through to the base of a deeper identified target in the Tapir South exploration well
  • Increases options for follow up activity and insulates against rising industry costs 

               Read More ... 

 

Apache Gets Green Light on Faghur Basin Development Leases

 

(www.Petroleumafrica.com - March 27, 2012)

 

  Egyptian flag small  

  

     Apache Corp. has received approval for seven new development leases in the FaghurBasin. The green light for development leases has allowed the company to add an additional 5,200 bpd of new production in Egypt's Western Desert.

 

    The US independent has drilled eight development wells in the Faghur Basin this year, including the West Kalabsha A-6, a westward extension of the West Kalabsha-A structure that tested 2,750 bpd from a series of stacked AEB reservoirs. Apache is currently drilling three wells in the Faghur Basin and 14 more wells are planned during 2012.

 

               Read More...

 

 

 

Iraq Mulls Lifting Bidding Ban On ExxonMobil

 

(www.rigzone.com - March 22,  2012)

  

    

       The Iraqi oil ministry is still considering whether to allow Exxon Mobil Corp. to bid in a new Iraqi energy licensing auction, lifting a ban that was imposed on the U.S. giant because of the deal it struck with the country's semi-autonomous Kurdistan region, Iraqi oil minister said Thursday.

 

     "We are going to discuss this matter in the ministry and, God willing, we will take a decision," Abdul Kareem Luaiby told reporters in Baghdad without elaborating.Iraq's Deputy Prime Minister for Energy Hussein al-Shahristani announced last month that Exxon would be banned from taking part in the country's oil-and-gas licensing auction scheduled in May this year.

 

     Shahristani has previously said Exxon would have to choose between its deal to explore six areas in Kurdistan and its central-government contract to develop the 370,000 barrels a day West Qurna Phase 1, Iraq's second largest oil field with proven reserves of more than 9 billion barrels. 
 

               Read More...

Iran Sanctions Affect African Importers 

 

(wwww.Petroleumafrica.com - March 23, 2012)


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      The sanctions issued against Iran to try and force it to abandon its nuclear ambitions are having far reaching affects. Not only is the tension between the Middle Eastern country and Western nations affecting the price of oil in those countries, it is also putting a burden on some countries that cannot afford it such as Namibia and South Africa. 


     Namibiahas to import all its refined fuel from South Africa. Making the situation worse for Namibia is that South Africa just recently suspended nearly all its oil imports from Iran and plans to abide by a US request to reduce its Iranian supplies.

 

               Read More...

 

Issue: 3 - 2012

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2012
2012
.  New from StratoChem!  

 

StratoChem Services will soon be acquiring a new GCMS (Gas Chromatography Mass Spectrometry) machine fitted with a Gerstel thermal extraction unit. This unit will allow us to thermally extract hydrocarbons, inject them into the GCMS, then obtain results for both all in one run. Thermal extraction was a capability we previously did not have, so we are delighted to be able to offer this as a new service to our clients, the needs of whom we were responding to in acquiring this new machinery.  

 

In This Issue
Egypt: MENA Hydrocarbons Announces Operations Start at Lagia Oil Field and Creation of JV Company
Tunisia: CYGAM Energy Announces Drilling of the BJA-2 Exploration Well in the Sud Remada Permit
Lukoil, Iraq To Sign $998M West Quran Deal With SamSung
Dana Gas Encumbered by Payment Delays
Namibia: Chariot Oil & Gas Announces Placing Of Ordinary Shares and Corporate Update
Apache Gets Green Light on Faghur Basin Development Leases
Iraq Mulls Lifting Bidding Ban On ExxonMobil
Iran Sanctions Affect African Importers
Iraqi Well Sings for Talisman
Sudan To Attract Saudi Investments In Oil And Gas Sectors

SCS Building  



Upcoming Events
 
    
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There are no abstract deadlines occurring in April 2012.  
  ------------------------------------------------------   
The following conferences occur in April 2012:
    
  • OILGASMINE Trade and Finance, Conference and Exhibition: Brazzaville, Congo - starting 2 April 2012 
  • Executive Oil Conference: Muscat,Oman - starting 2 April 2012
  • Cyber Defence Summit - Internet Security and the Oil and Gas Summit 2012: Muscat, Oman - starting 2 April 2012
  • San Antonio Oil & Gas Career Fair: San Antonio, TX, US - starting 3 April 2012 
  • Corrosion Management Summit in Oil and Gas: Abu Dhabi, UAE - starting 10 April 2012
  • Houston Oil & Gas Career Fair: Westside, Houston -starting 12 April 2012
  • 18th Latin Oil Week: Rio de Janerio, Brazil - starting 16 April 2012
  • 18th Latin Oil Week: Lagos,Nigeria - starting 18 April 2012
  • Global Corrosion Management in Oil and Gas 2012 Praxis Interactive Technology Workshop: Abu Dhabi,UAE - starting 23 April 2012   
  • 5th Annual Sub-Saharan Africa Oil & Gas Conference, 2012: Texas, USA - starting 26 April 2012

     

For more complete conference information, go to the bottom of our home page at:

 
www.StratoChemServices.com.
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Iraqi Well Sings for Talisman 

  

(www.rigzone.com - March 26, 2012)  

 

     

 

      Talisman Energy Inc. has confirmed the presence of light oil at the Kurdamir-2 well in the Kurdistan Region of northern Iraq.

   

      "This is an exciting development in our understanding of this play," said Richard Herbert, Executive Vice-President of International Exploration. "We have tested only a portion of an upper zone, but we have clear indications that there is oil here, in addition to natural gas and gas condensate. We are now drilling into the deeper objectives and will conduct more extensive testing, including stimulation, over the summer."


        The well flowed at unstimulated rates of 7.3 mmcf/d of natural gas and 950 bbls/d of oil and condensate, with no indications of water and no observed decline.  This open hole drillstem test was conducted only over the upper 180 feet (55 meters) of the Oligocene reservoir.  A total of 459 feet (140 meters) of gross reservoir (289 net feet or 88 meters net) was identified through wireline logging.

  

                Read More ...

 

   

Sudan To Attract Saudi Investments In Oil And Gas Sectors

 

(www.egyptoil-gas.com - March 19, 2012)



    A top official at the consulate general of Sudan in Jeddah said yesterday that a number of Saudi businessmen are intending to invest more than $1 billion in the Sudanese oil and gas. He expected that Sudan would start exporting oil in the next 3 years.

 

   The Sudanese government is interested in introducing advanced technologies to develop the oil sector. However, there is a need for attracting Saudi investments and their experiences to support this sector.

 

    "The Saudi investments focus on exploring oil and developing the petroleum services. We are currently working to explore the minerals in the North of Sudan," Abdul Aziz Mohammed Abu Taleb, an economic adviser at the Sudanese consulate, told Arab News.

 

              Read More... 

For more information please contact us at info@stratochemlabs.com or call us at 202-2516-1075. 
 
StratoChem Services
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