Tullow’s partner begins drilling 2nd well

first_imgThe Stena Forth drill ship is drilling Eco’s well…as race for oil in Orinduik block heats upEco Atlantic Oil and Gas, the partner of the oil company that recently found oil in the Orinduik block, has begun drilling a well of its own using the same drill ship that brought British-owned Tullow its first oil find in Guyana.According to a release from the company on Tuesday, drilling on the Joe-1 well began on Sunday using the Stena Forth drill ship. Eco Atlantic further explained that it will take approximately three weeks to drill this well.The well itself is located in approximately 700 metres of water. Estimates by international natural resource consultants Gustavson Associates state that it might hold 148 millions of barrels of oil.In a statement, Chief Operating Officer of Eco Atlantic, Colin Kinley, expressed pleasure at the commencement of the operation. According to Kinley, a further discovery will go a great way in de-risking the rest of the basin.“We are very pleased to have spudded on Sunday our second exploration well on Orinduik. After the discovery made on Jethro in the Lower Tertiary, which greatly de-risked that age section throughout the block, we are now moving to an Upper Tertiary target in the Joe prospect where we are targeting over 100mmboe. If a further discovery is made, it will further enhance the value of the block with this shallower play”.“The estimated chance of success for Joe is the same as Jethro, although it is a completely different play, and we are confident in our 3D interpretation as we were ahead of the Jethro-1 discovery. We look forward to continued success in our exploration efforts as we move forward to define the plays available to us in all the various geological ages and to develop this block,” Kinley was quoted as saying.“Joe”Joe is the second of Eco’s two-well drill programme in Guyana for this year. The company also has plans and funding for a further six potential explorations, appraisal or development wells on the Orinduik Block.Eco Atlantic had previously announced that drilling on the Joe prospect will begin in mid-July of this year. They had announced that the Stena Forth drillship will move directly to the Joe after it had finished drilling the Jethro Lobe Well in the Orinduik Block.It has been reported that the Joe will cost Eco approximately US$3 million to drill. A recently published report from Gustavson Associates has estimated that the well has a 43.2 per cent chance of success.The Orinduik oil block is just a few kilometres from Exxon’s discoveries in the Liza and Payara fields. It is under the administration of Eco Guyana and Tullow, who signed a 10-year Petroleum Prospecting licence and Production Sharing Agreement with Guyana in 2016. Total E and P Activities Petrolieres entered the fray in 2017, partnering with Eco with the option to get a 25 per cent share in the Block. It exercised that option last year.Recently, the spotlight has been on Tullow after it discovered oil in commercial quantities at the Jethro-1 exploration well in the Orinduik Block. This was the first discovery in the Orinduik Block.The Jethro-1 well was drilled by the Stena Forth drillship to a total depth of 4400 metres in approximately 1350 metres of water. According to a statement from the company, evaluation of the logging data confirmed that Jethro-1 comprises high-quality oil-bearing sandstone reservoirs of Lower Tertiary age, which simply means they date back to millions of years ago.According to the statement, the well encountered 55M of net oil pay, which indicates a recoverable oil resource estimate that exceeds Tullow’s pre-drill forecast of 100 million barrels of oil.News of the find created waves in financial centres around the world, as well as international news outlets. That very day, August 12, Tullow’s shares jumped by over 19 per cent on the London Stock Exchange to become the biggest gainer on the index.The Stena Forth drill ship is drilling Eco’s welllast_img read more

KSAC Property Tax Collection On Target For April To August

first_img Related Items:jamaica, ksac, Mayor of Kingston, Senator Angela Brown Burke Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppKINGSTON, Sept. 10 (JIS): Mayor of Kingston, Senator Angela Brown Burke, says property tax collections are on target for April to August.Addressing the monthly meeting of the Kingston and St. Andrew Corporation (KSAC) at her Church Street chambers, downtown Kingston on Tuesday (September 9), Senator Brown Burke attributed the development to the efforts of the property tax team in partnership with Tax Administration Jamaica (TAJ), to improve compliance.She noted that the team has been engaged in a number of activities such as delivering reminder notices to property owners, making presentations at community meetings, and setting up special collection points in communities. “The efforts are paying off, and we are seeing the difference,” she stated.Mayor Brown Burke noted that collections over the next several months will be critical in ensuring that the Council remains on target. To this end, she said she has requested a list of the compliance rate per community, and will be contacting councillors and Members of Parliament as well as community-based organizations, to assist in ensuring that residents play their part.Senator Brown Burke pointed out that the compliance rate, which ranges from two to 39 per cent, is still cause for concern. “This could not be called satisfactory in the broader scheme of things…having raised the bar to where we have raised it, we intend to push higher,” she stated.At the last meeting of the Council, Mayor Brown Burke reported that the KSAC, in the first quarter of the fiscal year, met 52 per cent of its annual property tax collection target. Property taxes are used to provide essential services required by citizens, such as: solid waste collection and disposal; paying for street lights; general civic improvement; maintenance of public parks and gardens; some aspects of the Local Authorities’ administration; and where possible, the rehabilitation of the parochial road network. Jamaica’s Senate Begins debate on National Identification and Registration Bill Two boys die, bicycle and van collide in St. Catherine, Jamaica Recommended for you Bahamas DPM Turnquest, as IDB Governor, Talks Technology and Climate Change Resilience at IDB Conclavelast_img read more

Of magical transitions

first_img‘It is amazing that Tanuj is able to tap into the mystical and the supernatural to create images that are so deeply embedded into the unconscious mind with such graceful ease to paint images that are forthright and definitive,’ says Alka Raghuvanshi. It is an old adage that simplicity is the most complicated to achieve. It could seem like a contradiction in terms, but there is no better description of Tanuj Bhramar’s paintings. His reds, blues, yellows and greens rub shoulders with stark blacks and shiny greens but instead of grating, have the ability to soothe with their apparent minimalism. Look a little closer and there is great complexity of thought and grace of form in the works. Also Read – ‘Playing Jojo was emotionally exhausting’The structures persuade the viewer to explore a little deeper and the depths incarcerate the curiosity almost at once for the connect is almost primeval as are the colours. His extensive travelling across India and continents capture in his mindscape the heritage and sensibility rooted in the colours of India, Africa, America – albeit at a primordial level.He is very enthralled with the strong definitive colours, the practice, the composition of the artwork, and the simplicity. The woman protagonist is recurring icon in his paintings as she appears, almost unbidden to inhabit his paintings complete with amazing strength of character in her face to add an  aura of mystery to his paintings. The woman’s role is an eternally shifting one in Tanuj’s work. She mesmerizes, coaxes, beckons, allures with her look, the absence of drapes render her strong rather than uncovered and reveal the thoughts that churn in her mind and heart. Also Read – Leslie doing new comedy special with NetflixAn animal lover, Tanuj has spent long years in the lap of nature in Jharkhand and Uttarakhand where his close brush with nature led to an imagery that is rooted in the fauna of these regions. Acutely conscious of giving back to the community, he donates 20 per cent of his earnings from the exhibitions to fund the education of tribal children through Vikas Bharti, a Jharkhand-based NGO. Right now, there is a small art school on the NGO’s premises, and Tanuj hopes that the proceeds from his exhibition will help them build a bigger school.last_img read more

Absolute colours

first_imgIn India, the fraternity of  artists have always complained about the lack of platforms to display their work. Be it painters or photographers, each one feels the need for ‘space’. And rightly so. Let’s say the complaints got heard. Gurgaon sees a new art gallery. The Peacock Art Gallery has put up its very first show – Supreme Absolute. Absolute as you know, means that all other truths are relative to it, or depend on it. And Supreme is like the ‘supreme being’. So this show is basically an ode from artists  to the supreme absolute.  Artists, Rajesh K. Baderia, Priyendra Shukla, Pradosh Swain and Anup Kumar Chand, have put together this show. Though all the paintings look different, they are all woven in a single thread because of the conceptual approach adopted by the artists.  Also Read – ‘Playing Jojo was emotionally exhausting’Just to know what you may find there, let me give you a sneak peek into the work of the artists! Rajesh Baderia speaks for himself, ‘ I just paint. It is an undying passion which will remain with me forever. Energy is an important element of my paintings, that is in the form of light. Light in the form of Aura or Him!’ With ‘him’ he means the ‘supreme absolute’. The play of colours in his paintings are sure to evoke emotions. Priyendra Shukla’s paintings mostly depict varied forms of cows and calfs with bold and fine lines which further gets enhanced with his bold and large patch of colour. ‘I long to internalise the moment and bring it to the realm of tangible, where I can go back and live it again. So all I do is to try and create a visual replica of my perception on the rectangular arena of a canvas,’ says he. Also Read – Leslie doing new comedy special with NetflixGetting you face-to-face with the reality is the artist Pradosh Swain. His paintings depict the pace of life that is fast disappearing. For instance, he uses the symbol of the cement spatula to emphasise the dominance and development of the metro cities. The displaced crow far away from nature, the uprooted trees, the old lady catching a last glimpse of the Banyan tree, all urgently signify the need to go back to nature. Anup Kumar Chand’s paintings are full of fantasy with a very strong command over the theme and the composition with a prominence of dog in a varied way! You need to see it to get it.It couldn’t get better for art lovers in the Capital. Mark the dates and head over. When: 18 May – 9 June, 2014 from 11 am to 8 pmWhere: Peacock Art Gallery, SG-50, Galleria Market, Gurgaonlast_img read more