Roundup: Argentine block, Brazil results, Guyana support

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Wednesday, February 11, 2015

The governor of Argentine province Río Negro, Alberto Weretilneck, ratified by decree the return of exploration area General Roca to provincial oil company EDHIPSA from Petrolera del Comahue.

The decision is based on the permit's expiration and non-compliance of pledged work to discover non-conventional deposits in the pre-Cuyo formation, the provincial government said in a statement. The area covers 279km2.

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Karoon Gas Australia and Pacific Rubiales Energy announced results from Kangaroo-2 appraisal well sidetracks drilled in Brazil's shallow offshore Santos basin.

The Kangaroo-2 appraisal well drilled in exploration block S-M-1165 confirmed an oil column intersection in the Paleocene and Maastrichtian aged reservoirs, the companies said in separate statements.

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Brazil's Petrobras reported that the Libra consortium completed drilling and testing of the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW1.

"The drilling results have confirmed the presence of an oil column of approximately 290 meters and carbonate reservoirs that show high porosity and permeability," the energy giant said in a release.

Libra map (CREDIT: Petrobras)

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Guyana's Ministry of Natural Resources and the Environment met with a mission from the US Department of State's Bureau of Energy Resources as part of efforts to help the South American nation develop its oil and natural gas sector technical capacity.

Cooperation under the Department of State-led Energy Governance and Capacity Initiative includes deepwater drilling and well test evaluation, Guyana's government information agency GINA reported.

Guyana's Ministry of Natural Resources and the Environment meets with the US Department of State's Bureau of Energy Resources (CREDIT: GINA)

Pictured upper left: Río Negro governor Alberto Weretilneck signs decree.