Statoil strikes oil in the Gulf of Mexico

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Statoil strikes oil in the Gulf of Mexico

Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM)

The Maersk Developer drilling rig.

“The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” says Jez Averty, Statoil’s senior vice president, exploration for North America. “We are analysing data to determine the size of the discovery in order to consider future appraisal options.”

The Yeti discovery was made in Walker Ridge (WR) block 160, which is located approximately 15 kilometres (9 miles) south of the Big Foot field, and 11 kilometres (7 miles) from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years.

Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that its drilling efficiency with Yeti was among the best of any well drilled in Walker Ridge, achieving a rate of approximately 123 metres (400 feet) per day.

The rig has moved on and is currently drilling Statoil’s Thorvald prospect in the Mississippi Canyon block 814.

Statoil is the operator (50 per cent) of Yeti, and its partners are Anadarko (37.5 per cent) and Samson (12.5 per cent).

Source: Oil & Gas Technology.net

Link: http://tinyurl.com/ofxwyoe

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.