Companies

BG Group delivers final milestone for 2013 as Itaú starts production

BG Group
19/12/2013 18:48
BG Group delivers final milestone for 2013 as Itaú starts production Imagem: BG Group Visualizações: 862 (0) (0) (0) (0)

 

Lundin Petroleum reported Thursday that it has completed the exploration well 16/2-20S in the Norwegian North Sea, with results suggesting the Torvastad prospect is in contact with the Johan Sverdrup discovery. Lundin said that the well found a lower Cretaceous/upper Jurassic sequence with poor reservoir properties of approximately 78 feet above a water-bearing upper Jurassic Draupne sandstone sequence of approximately 33 feet of "excellent quality". 
The Draupne sandstone came in deeper than expected but appears to be the same sequence encountered in all Johan Sverdrup wells, the firm said. Now, Lundin plans to drill a side-track well near 16/2-20S, approximately 2,525 feet west of it.  This well will investigate the potential of an up-flank continuous Draupne sandstone and establish an oil-water contact. 
The 16/2-20S well, on production license 501, was drilled to a total depth of 6,792 feet by the Island Innovator (mid-water semisub) rig. Lundin is the operator of PL501, with a 40-percent interest. Statoil and Maersk Oil Norway hold 40 percent and 20 percent respectively. 

BG Group today announced the start of commercial gas production from the second phase of the Itaú development in Bolivia, marking the delivery of the final key milestone set for the Group in 2013. With first production from Itaú Phase II, BG Group has delivered its promise to bring into production new oil and gas projects in Brazil, the UK, Thailand and Bolivia and to complete large planned maintenance campaigns on core assets in Kazakhstan and the UK.

 

This announcement follows delivery earlier this week of another major project milestone in Australia, with first gas transported onto Curtis Island, the site for the Queensland Curtis LNG project’s liquefaction plant.

 

BG Group Chief Executive Chris Finlayson said: "In February we set clear yet challenging milestones for the year as we focused on safety and excellence in execution. With first commercial production from Itaú Phase II we have now delivered all the milestones we promised, the product of hard work and dedication by the people working across our business. We have achieved what we set out to do, and importantly we have done it safely."

 

Most Read Today
see see
ANP
In November, Brazil produced 4.921 million boe/d
07/01/26
Offshore Operations
Crew training and connectivity are the true enablers of ...
23/12/25
Recognition
IBP Wins the “Events Oscar” Once Again with ROG.e 2024
11/12/25
FIRJAN
Rio Could Generate 676,000 New Jobs by Stimulating Nine ...
11/12/25
Inland Navigation
Grease-Free Revolution in Latin America’s Workboat Sector
10/12/25
PPSA
Production-Sharing Contracts to Produce 2 Million Barrel...
10/12/25
Recognition
National Public Transparency Program Grants Transpetro I...
10/12/25
Logistics
Transpetro expands its logistics operations with the int...
09/12/25
Auction
PPSA raises around R$ 8.8 billion from the sale of the F...
08/12/25
PPSA
Petrobras announces results of PPSA’s Non-Contracted Are...
08/12/25
Niterói
Niterói concludes second edition of Tomorrow Blue Econom...
02/12/25
Recognition
ABS Consulting Earns Third Elev8 GovCon Honor for Excell...
22/11/25
Award
Aed Energy Wins at the 2025 Energy Storage Awards
22/11/25
Mossoró Oil & Gas Energy 2025
PetroSupply Meeting to Boost Business at Mossoró Oil & G...
21/11/25
Results
Union’s Oil Production Reached 174 Thousand Barrels per ...
21/11/25
International Company News
TGS Extends Agreement with the Government of the Federal...
21/11/25
Company News
Belga Marine and Global Maritime Announce Strategic Part...
21/11/25
Niterói
Tomorrow Blue Economy sets Niterói in motion in the coun...
13/11/25
Cop30
ANP Participates in the Event and Advances Measures for ...
13/11/25
FIRJAN
Enaex 2025 Discusses Reindustrialization, Brazil’s Compe...
13/11/25
Mossoró Oil & Gas Energy 2025
Mossoró Oil & Gas Energy to Feature Strategic Debates in...
13/11/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.