Killajoules

Repsol makes a gas discovery in Algeria
Repsol has made a gas discovery in the Illizi basin, in the south east of Algeria. The find in the Tihalatine South-1 well (TIHS-1) is the first made in the Sud-Est Illizi block in the current exploration campaign.

Repsol makes a significant gas find in Peru
Repsol has made a new gas discovery in block 57 in Peru. The well, known as Sagari, was successful in two different formations, known as Nia Superior and Nia Inferior.

Total Enters Exploration in Bulgaria with Award of the Khan Asparuh Offshore License
Total today announced the signature with the Bulgarian authorities of the exploration contract concerning the offshore Khan Asparuh license, awarded under the licensing round that opened last January 31. The 14,220-sq.km block is located approximately 80 kilometers offshore in the Black Sea in water depths of between 100 and 2,000 meters.

Launch of a new development phase of the Yucal Placer Gas Field in Venezuela
Total announces, together with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for a new development phase of the Yucal Placer gas field, operated by Ypergas*, and located in Guárico State, Venezuela.

Upgraded volumes in Brazilian pre-salt discoveries
Statoil (OSE: STL, NYSE:STO) together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil.

First production from Margarita Phase I in Bolivia
BG Group today announced another key project delivery milestone for 2012 with the first phase of development at the Margarita gas field in Bolivia now on-stream.

Technip awarded a services contract for a new upgrader in Venezuela
Technip was awarded a lump sum contract for the basic, front-end engineering design and the first phase of project management consultancy services for the Petrocarabobo upgrader, to be built in the Faja del Orinoco region, Venezuela. The final Client is PETROCARABOBO S.A.

Repsol To Kick Off Seismic Survey On Cendrawasih Bay II Block
Repsol Exploracion, the operator of the Cendrawasih Bay II Block, is slated to start its 2,700 km-2D-seismic survey in mid-march 2012.

New pre-salt discovery in Campos Basin
Petróleo Brasileiro S.A. - Petrobras announces the discovery of a new hydrocarbon accumulation in the pre-salt layer, in the south of Campos Basin, off the coast of Rio de Janeiro. The discovery took place during drilling of the prospect unofficially known as Pão de Açúcar, in block BM-C-33. The discovery well is located at a water depth of 2,800 meters and is 195 kilometers off the coast of Rio de Janeiro State.

New Brazilian pre-salt oil discovery
Statoil (OSE: STL, NYSE:STO) together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil.