Money: Canada's Vermilion to drill new exploration wells in central Europe - PressFrom - Canada

MoneyCanada's Vermilion to drill new exploration wells in central Europe

13:00  15 april  2019
13:00  15 april  2019 Source:

Rigolet safety instructor teaches people to be smarter than the average bear

Rigolet safety instructor teaches people to be smarter than the average bear A demand for "bear guards" is on the rise alongside the exploration and tourism industries.

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration , development and optimization of producing properties in North America, Europe and Australia. Our business model targets annual organic production growth

Europe & Russia. Thursday, March 07, 2019 Some drillers are moving ahead in Canada ' s oil sands despite depressed prices last year and resulting production cuts. Monday, December 31, 2018 Eni has begun drilling operations on the Rowallan exploration well in the Central North Sea.

Canada's Vermilion to drill new exploration wells in central Europe© Reuters/REGIS DUVIGNAU FILE PHOTO: An oil pump jack of Canadian group Vermilion Energy is pictured in Parentis-en-Born

ZAGREB (Reuters) - Canada's Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday.

Vermilion won four license in 2015 for oil and gas exploration in Croatia's flat northeastern areas and the drilling will take place on one of these.

"Although we see evidence of gas charge from the new seismic data we have acquired, we'll not know for sure whether any of this is commercially producible until after these initial wells are completed," Bryan Sralla, who heads the unit for central and eastern Europe, told Reuters.

Old, unproductive oil and gas wells could cost up to $70B to clean up, says new report

Old, unproductive oil and gas wells could cost up to $70B to clean up, says new report A new report suggests cleaning up all of the old and unproductive oil and gas wells in Alberta will cost between $40 billion and $70 billion. The Alberta Liabilities Disclosure Project (ALDP) — a consortium that includes landowners and scientists — came up with the figure using data obtained from the Alberta Energy Regulator (AER). The figure is much higher than an AER estimate, which pegs the anticipated cleanup cost of all oil and gas infrastructure at $58.65 billion. The AER's number includes pipelines and other facilities, while the ALDP only looked at oil and gas wells.

Internationally Diversified | Sustainable Growth and Income. For over twenty years, Vermilion has consistently delivered outstanding performance benefiting our investors, employees, partners and the communities in which we operate.

Malaysia' s PETRONAS Carigali (Petronas) plans to drill exploration wells at two upper Myanmar onshore blocks in January 2014. Petronas' General Manager Mr. Ahmad Lutipi Haron said "We have already finished early exploration and geophysical analysis and can start drilling exploration wells

He added that would probably be during mid to late July.

Croatia is currently running two new tenders for oil and gas exploration in the north and in the mountainous southern region.. They are open until June and September, respectively.

Sralla said Vermilion was still considering whether to participate.

"Our team is evaluating the potential of all the Croatian license on offer, but we have not yet made a decision whether we will bid on any," he said.

"Our internal executive review is scheduled for late May. I'm hopeful our team will identify some potential," he added.

In an interview with Reuters last week a senior official at Croatian energy firm INA said it planned to bid for several exploration blocks in the north, but was still considering options for the south.

Andreescu brushes off Kerber's 'drama queen' remarks

Andreescu brushes off Kerber's 'drama queen' remarks Bianca Andreescu has gained many fans during her rapid rise up the women's tennis rankings this season, but Angelique Kerber doesn't seem to be one of them. 

The company expects to drill around 40 exploration wells in 2018 with an expected spend of around .5 billion. For comparison, as of year-end 2017, Statoil had completed 28 exploration wells with 14 commercial discoveries. The company on Thursday posted a net income income of .57 billion in the

(1/6/2019) Eni drilling Rowallan exploration well in UK Central North Sea. (8/27/2018) ExxonMobil drilling new deepwater exploration wells off SE Australia. (8/13/2018) GulfSlope drilling Canoe-1 in US Gulf Vermilion area. (8/12/2018) Murphy Oil set to drill new offshore exploration wells .

Vermilion also has a presence in Slovakia and Hungary.

Sralla said the company planned to drill four wells in Hungary this year, two in partnership with Hungary's MOL, and four wells in Slovakia in partnership with Slovakian energy company Nafta.

"We see encouraging signs of natural gas potential in these countries," he said, adding that the drilling results were likely to be announced in the early autumn.

Sralla also said Vermilion could expand into other central and eastern Europe countries as the company was evaluating investment opportunities across the region.

(Reporting by Igor Ilic; Editing by Kirsten Donovan)

Tiger's agent: 'Nobody should lose their mind' over Wells Fargo absence.
Tiger Woods' agent, Mark Steinberg, insisted his client's decision to skip next week's Wells Fargo Championship has nothing to do with an injury. "Nobody should lose their mind over this,'' Steinberg said, according to ESPN's Bob Harig. "He's still digesting and appreciating what happened two weeks ago. Honestly, he's just not ready to play right now." Woods admitted in a recent interview with GolfTV he's done very little since winning the Masters for a fifth time. He's spent the last two weeks with his kids, "laying around" and hasn't begun to gear up for his next event. According to Steinberg, he's sticking to his word about playing less.

—   Share news in the SOC. Networks

Topical videos:

usr: 3
This is interesting!