Stay Connected

Northern hoping to drill for oil offshore Italy

Offshore staff

LONDONNorthern Petroleum (AIM: NOP) says its Cygnus prospect offshore southern Italy could hold up to 790 MMbbl of recoverable oil within the F.R39.NP permit.

Cygnus is adjacent to and updip of Eni’s producing Aquila oil field. The resource estimate, based on the common oil/water contact between the two structures, follows analysis by ERC Equipoise (ERCE).

Northern adds that its mapping of available 2D seismic data has not found a separation or barrier from the producing Aquila oil wells.

ERCE was commissioned following the publication of previously undisclosed well data relating to the Aquila field in an environmental submission by operator Eni. The Aquila wells are in the production concession adjacent to Northern’s permit.

The prospect trap for Cygnus is predominantly stratigraphic, with the same reservoir as the Aquila field, comprising Cretaceous re-sedimented carbonates derived from the Apulian platform.

Northern plans to acquire new 3D seismic over Cygnus, the similar nearby Cebus prospect and the Rovesti oil discovery off the Italian east coast, following receipt of environmental approvals. The company has started collating data for submission of an environmental impact assessment for regulatory approval for drilling and testing a well on Cygnus. It is seeking partners for both the well and the seismic surveys.

3/19/2013

Related Articles

Dolphin books more seismic assignments offshore West Africa

Nov 20, 2013

Dolphin has secured new contracts for a 2D seismic survey and a 3D survey offshore West Africa.

Wood Mackenzie: GoM Lower Tertiary capex to exceed $50 billion by 2020

Nov 20, 2013 A recent Wood Mackenzie analysis predicts that the Lower Tertiary play will drive long-term production growth in the deepwater US Gulf of Mexico, with an expected $50 billion in development capex t...

Trending News

Thailand plans Feb auction including offshore petroleum concessions

Oct 23, 2014

Thailand will host a new auction round next February for petroleum concessions on 29 onshore and offshore blocks.

InterMoor completes two projects for COOEC offshore China

Oct 23, 2014

InterMoor, an Acteon company, has completed two offshore projects for China Offshore Oil Engineering Corp. (COOEC) in the Pearl River Mouth basin Panyu and Enping 24-2 fields of the South China Sea.

DNV GL releases next-generation Phast software

Oct 23, 2014

DNV GL’s latest version of Phast software for process industry hazard analysis has added features aimed to increase efficiency, improve the understanding and communication of results, and support rapid decision-making.  

GDF Suez, BP confirm two-block North Sea discovery

Oct 23, 2014

GDF Suez E&P UK and BP have a new discovery in the UK central North Sea.

FMC subsea equipment to tie in Laggan-Tormore satellites

Oct 23, 2014

Total has contracted FMC Technologies for subsea systems for the Edradour and Glenlivet fields in the UK’s west of Shetland area.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>