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Greetings from StratoChem Services!
It's going to be a busy and exciting summer here at StratoChem Services. We are happy to announce the accreditation and official opening of our satellite laboratory in Muscat, Oman. Additionally, StratoChem will participate in the Lebanon International Petroleum Exploration conference this July, a three-day event organized by the Lebanese Ministry of Energy and Water. Look for us there!
For further information about our services please direct inquiries to: info@stratochemlabs.com
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StratoChem Lab Opens in Oman
StratoChem has just opened a new, fully-functional laboratory in Muscat, Oman. Under management of our partner, Shuram Oil & Gas, our Muscat lab offers a range of services, plus the experience, knowledge, professionalism, affordability and efficiency the industry has come to expect from StratoChem. For more information, please visit Shuram's website at http://shuramgroup.com/index_oilgas.html
Left to Right: Shuram President Salim El Maskary, Isotech Representative Mildred Rose, Shuram Operations Manager Jocelyn Cabaltera, StratoChem Representative Mohammed Saad, Geologist Hazem Habib
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| Eni: Significant New Oil Discovery in the Egyptian Western Desert
(www.egyptoil-gas.com - May 24, 2012)
Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 kilometers south west of Alexandria.
The Emry Deep 1X well led to the discovery of oil and was drilled to a total depth of 3,628 meters. The well encountered over 250 feet of net pay in multiple good-quality sandstones of the Lower Cretaceous "Alam El Bueib" Formation. During production tests the well flowed 3,500 barrels of high quality oil (41° API) per day and 1 million standard cubic feet per day of associated gas. The discovery is now estimated to range between 150 and 250 million barrels of oil in place and will require further appraisal drilling.
The drilling of the well is part of Eni's strategy to refocus exploration activities in Egypt by targeting deeper plays in the Western Desert.
The full field development foresees an early production phase from the current well which will be followed by the drilling of other development wells in 2012 to reach a production level of approximately 10,000 barrels of oil per day in the next months.
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| Iraq: Gulf Keystone Petroleum Announces Results, Updates Kurdistan Operations
(www.energy-pedia.com - May 28th, 2012)
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, has announced its results for the year ended 31 December 2011.
HIGHLIGHTS
Operational - to 31 December 2011 and post year end
Shaikan (75% working interest; Operator)
- 420% (P90) / 181% (P10) increase in gross oil-in-place numbers for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) barrels, following independent evaluation by Dynamic Global Advisors ("DGA") in November 2011
- 599 kmē of 3D seismic data processed and evaluated
- Strong flow rates of 9,800 barrels of oil per day ("bopd") achieved from the Shaikan-3 shallow appraisal well, with both Shaikan-1 and -3 presently tied to the Extended Well Test production facility ("EWT")
- New Triassic reservoir discovery following the drilling of the Shaikan-2 appraisal well to a total depth ("TD") of 3,300 metres, which tested at a maximum rate of 4,450 bopd of 36 degrees API oil
Read More ...
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| Egypt: Bapetco Hits Dry in the Western Desert
Badr El Din Petroleum Company (Bapetco) has concluded the drilling of a new exploratory well in its Western Desert concession area as part of its exploration plan for the 2011-2012 fiscal year.
Egypt Oil and Gas has learned that one of the new wells, MAGD-C102-1, was drilled using the EDC-51 rig to a depth of 11,733 feet, with drilling costs reaching $2 million. The new wildcat has been abandoned as a dry hole.
Read More ...
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Algeria: Production Needs a Boost
(www.petroleumafrica.com - May 28, 2012)
It is well recognized that Algeria's hydrocarbon production has been at somewhat of a growth standstill for over five years. There are a couple of projects in the works that will give Algeria a production boost, one in the near-term and another a little farther down the road.
In the very near-term Algeria will see Anadarko Petroleum Corp. bring its El Merk central facilities and associated infrastructure on Block 208 online. The company said that the overall project had surpassed 90% completion at the end of Q1. First production from the facilities will come onstream during 2012, giving production totals for Anadarko and Algeria a boost.
Read More ...
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Iran: First Caspian Sea Oil Found in More Than a Century
(www.egyptoil-gas.com - May 22, 2012)
Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported.
The deposit was found at a depth of 2.5 kilometers (1.5 miles) during drilling on a natural-gas field and may contain 10bn barrels of crude, Fars said, citing the National Iranian Oil Co. That's equal to 7 percent of Iran's known reserves.
While Iran is the second-largest oil producer in the Organization of Petroleum Exporting Countries, most existing fields are in the south and the Arabian Gulf. Hampered by sanctions over nuclear ambitions, it doesn't yet extract crude in the Caspian, where nations including Azerbaijan are tapping deposits and demarcation lines over territory are disputed.
Read More...
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Egyptian Government Studies USD 6 Billion Oil-Refining and Petrochem Projects
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.
Mr Ismail El-Nagdy head of IDA said that Qatari, Libyan and Algerian companies propose to set up new projects around the Suez Canal, one of the world's busiest transportation routes. Most of these projects involve oil refining and the setting up of large petrochemicals complexes.
Read more. . .
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Jordanian Government Seeks Contractors for Work on Oil Terminal
(www.egyptoil-gas.com/ - May 24, 2012)
 Jordan invited contractors to apply to prequalify as bidders for engineering, procurement and construction work on an oil terminal in the port of Aqaba, the Ministry of Energy and Mineral Resources said.
The facility, with a planned capacity of 120,000 cubic meters, is to be built in the southern city for the storage and distribution of imported crude and oil products, the ministry said today in a statement on its website. Contractors must submit prequalification documents by June 21, it said.
Read More...
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Saudi Oil Output Exceeds Russia's
Oil production in Saudi Arabia, the world's largest crude exporter, rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years, official data showed Sunday. Russia's output in March dropped to 9.920 million barrels a day, from 9.943 million barrels a day in February, according to figures posted on the Joint Organization Data Initiative, or JODI, website. Saudi Arabia burnt 377,000 barrels a day in power stations and water-desalination plants in March, up 45% from the 260,000 barrels a day used during the same period in 2011, and 24% higher than February, signaling a rise in demand for energy, which is needed to fuel electricity stations and industrial complexes in the rapidly growing economy
The Arab world's largest economy exported 7.704 million barrels a day in March, up from 7.485 million barrels in the month earlier, JODI said. No comparative figures were given on Russia's exports or domestic consumption for the same period.
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Ahmed El Sayed (pictured) and Mohammed Habo conducted a Gore survey in Uganda.
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. News from StratoChem!
StratoChem Services looks forward to this year's Lebanon International Petroleum Exploration (LIPE) forum, scheduled to be held from July 3rd to 5th in the Hilton Beirut Habtoor Grand Hotel. The event will feature a variety of presentations, the first Licensing Round for offshore exploration in Lebanese waters, and a geological field trip into Lebanon's scenic countryside.
StratoChem Services's Hossam Ali will be delivering two original papers, entitled "Geochemical Characterization of the Paleocene-Eocene Section of the Chekka Marls (N. Lebanon) and its Hydrocarbon Potential" and "The Hydrocarbon Potential of the Deepwater Levantine Basin: An Overview From a Regional Basin Modelling Study of the East Mediterranean." We also invite you to visit the official StratoChem booth in the conference's Exhibition Hall for an in-depth look at some of our exciting new offers and services. More information can be found on LIPE's website, at http://www.lebanon-exploration.com/LIPE_2012.htm.
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A minaret above the Bab Zuweila Gate in Old Cairo.
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Upcoming Events
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There are no abstract deadlines occurring in June 2012.
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The following conferences occur in June 2012:
- The 25th World Gas Conference: Kuala Lumpur, Malaysia - starting June 4th, 2012
- Gas/LNG Contracts, Negotiation & Pricing Workshop: Dubai, UAE - starting June 10th, 2012
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Global Petroleum Show: Calgary, Canada - starting June 12th, 2012
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5th Annual Pipe Tech World Summit: Istanbul, Turkey - starting June 13th, 2012
- The 5th OPEC International Seminar: Vienna, Austria - starting June 13th, 2012
- 5th Annual Global Drilling Praxis Interactive Technology Workshop: Istanbul, Turkey - starting June 18th, 2012
- 5th Global Produced Water Management Praxis Interactive Technology Workshop: Cancun, Mexico - starting June 25th, 2012
- Global E&P Data and Knowledge Management 2012 Praxis Interactive Technology Workshop: Istanbul, Turkey - starting June 25th, 2012
- SPE Horizontal and Complex Wells: Reach Further, Recover More: Istanbul, Turkey - starting June 25th, 2012
- Africa Energy Forum 2012: Berlin, Germany - starting June 26th, 2012
For more complete conference information, go to the bottom of our home page at:
www.StratoChemServices.com. |
A mosque's mihrab indicates the direction of Mecca. |
The Mediterranean Sea on the Alexandria coast. |
| Egypt: New Developmental Well by Rashpetco in the Mediterranean
(http://www.egyptoil-gas.com - May 27, 2012)
Rashid Petroleum Company (Rashpetco) has successfully completed drilling a new developmental well in West Delta Deep Marine concession, in the context of its development plan for the 2011-2012 fiscal year.
The gas-producing well, dubbed SWAN-1 ST2, was drilled to a depth of 10,640 feet via the SCARABEO-6 rig. Sources placed investments in the well at $59 million.
During March 2012, Rashpetco's production figures stood at 10,655 barrels of condensate and 2,140,714 barrels of oil equivalent of natural gas.
Read More ...
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