Total: Significant Oil Find in U.S. Gulf of Mexico

Mb50's "Liquid Mud" Rant

Total announces a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. The discovery well encountered several hundred feet of net oil pay in Lower Tertiary sands which included several high-quality intervals.

Total estimates this discovery can have a potential of several hundred million barrels of oil. Further appraisal will be needed to confirm its size and commerciality.

“The North Platte discovery represents another example of Total’s bold exploration strategy targeting large exploration opportunities. It also demonstrates the efficiency of our alliance with Cobalt signed in 2009,” said Marc Blaizot, Total’s Senior Vice President Exploration.

Total is in a strategic alliance with Cobalt International Energy to explore for oil in the Deepwater Gulf of Mexico. The North Platte discovery is the first Lower Tertiary Wilcox formation well drilled by the Alliance. The results of the well confirm the northern…

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LLOG, Blackstone to Invest $1.2 Bln in GoM Offshore Operations (USA)

Mb50's "Liquid Mud" Rant

LLOG Exploration Company L.L.C. and Blackstone today announced the formation of a long-term, strategic partnership and have committed to invest over $1.2 billion to expand and accelerate LLOG’s offshore operations in the Gulf of Mexico.

The partnership will leverage the combined operational and financial resources of LLOG and private equity funds managed by Blackstone (collectively with their affiliates “Blackstone”) to expedite development of LLOG’s four recent deepwater discoveries as well as the exploration and appraisal of its extensive prospect inventory, which includes over 110 offshore leases. In addition, the partnership will expand LLOG’s asset base in the Gulf of Mexico through federal lease sale participation, farm-ins and M&A activities, further building upon its position as one of the largest private companies in the basin. This strategic partnership is the largest private equity financing executed in the Gulf of Mexico to date.

LLOG is one of the top 10 privately owned…

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UH to open first subsea engineering masters program in 2013

Reporter- Houston Business Journal

The University of Houston has plans to offer the fist subsea engineering graduate program in the U.S.

The local university recently said the Texas Higher Education Coordinating Board approved the school’s proposal to offer a graduate subsea engineering program. The program, which is expected to begin in the fall of 2013, will complement the school’s existing subsea engineering certification program.

UH said it partnered with leading energy engineering companies to create a master’s subsea engineering program with lectures and hands-on software education for subsea systems design.

“UH received tremendous input for both of the subsea programs from industry experts, including Cameron, FMC Technologies and GE Oil & Gas,” Matthew Franchek, founding director of UH’s subsea program and a mechanical engineering professor, said in a statement.

Subsea engineers are expected to design, install and maintain oil and gas drilling and production equipment tools and infrastructure under thousands of feet of water.

Last year, UH said it began its subsea engineering certificate program because the oil industry had an increased demand for these types of employees.

Molly Ryan covers manufacturing, technology, the Port and logistics.

Source

National Oilwell Varco Gives $905,000 to UH’s Subsea Engineering Program

Mb50's "Liquid Mud" Rant

Laura Tolley
ljtolley@uh.edu

November 6, 2012-Houston

National Oilwell Varco (NOV) is giving $905,000 to the University of Houston’s subsea engineering program to further research initiatives and develop a computational laboratory.

NOV’s gift will be used to establish the National Oilwell Varco Computational Engineering Laboratory and to conduct contractual research for UH’s subsea engineering program and NOV.

The computational lab will be used to perform detailed computational calculations on complex subsea equipment that must operate under high-temperature and high-pressure oil and gas conditions that occur in ultra-deep subsea reserves.

The lab also will support the subsea engineering curriculum and students, enabling them to complete capstone design projects using the latest in computational subsea engineering tools.

Recently, UH received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea…

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