Otto Energy declines Byron’s proposal for Gulf of Mexico well drilling

first_imgAustralia-based oil and gas company Otto Energy has decided that it will not be participating in the drilling of Byron Energy’s SM 71 F4 well in the Gulf of Mexico.SM 71 F platform; Source: ByronIn late August, Byron proposed the SM 71 F4 well, a D5 Sand extension well designated the Sausage prospect, to its 50-50 partner Otto Energy.Under the terms of the SM 71 offshore operating agreement, Otto had until September 30 to respond. Byron was notified that Otto elected not to participate in the drilling of the well.According to the company, the well was assigned a gross 1.26 million barrels of oil and 0.75 bcf of gas. Under the SM 71 operating agreement, Byron has 120 days to spud the SM 71 F4 well.Byron said that it also submitted an authority for expenditure to Otto for a compressor upgrade to the jointly owned SM 71 F platform.Otto approved the compressor upgrade to minimize production downtime while drilling. The two companies agreed the SM 71 F4 well would not be drilled until after the new compressor was.The compressor is expected to be installed in late November or early December this year while Byron expects to spud the SM 71 F4 well in January of 2020 with completion operations to follow immediately if the well is successful. Since Otto refused to participate in the well drilling, Byron will take up 100 percent of the drilling expenses.It is worth noting that the SM 71 F4 well is fully permitted and ready to drill and it is anticipated that the Enterprise 263 rig will be used for the drilling.Also, during the 30-day election period, Byron and Otto discussed the SM 71 F5 well. Byron will submit the SM 71 F5 authority for expenditure and proposal in due course.The company added that if the next well was not successful, the well would be left in a manner that it could be used for future wells such as the SM 71 F5 well by side-tracking below surface casing.Maynard V. Smith, Byron CEO, said: “The SM 71 F4 well is an attractive target from both a reserve and risk standpoint and we look forward to drilling it early next year.“Our seismic data does a very good job of delineating the Sausage prospect and if successful, will increase D5 Sand reserves.“We are disappointed that Otto will not be a part of this well, but this is the right time to drill and bring on new production in the life cycle of the SM 71 platform and project.”Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today please contact us via our advertising form where you can also see our media kit.last_img read more

Women of Troy look to get back on track in Texas

first_imgIntent on rebounding from a frustrating 1-0 season-opening loss to San Diego, the USC women’s soccer team must bear the Texas heat this weekend as it squares off against Texas Christian University and the University of Texas at Austin in two non-conference matchups.Moving on · Junior midfielder Carly Butcher looks to continue her strong play as the soccer team travels to Texas for two games this weekend. – Sundaram Kuppuswamy | Daily Trojan On Friday, the Women of Troy will kick off their road schedule against TCU (1-1); from there, they will travel farther south to face Texas (1-0) on Sunday.Despite the disheartening beginning to the season, which included being dropped unceremoniously from the top 25 rankings, the team is not dwelling on its opponents. When asked about the challenges TCU and Texas pose, coach Ali Khosroshahin turned his focus to the Women of Troy.“To be honest, the biggest challenge is ourselves,” Khosroshahin said. “Right now, the biggest challenge is the ball and ourselves.”Evident in Khosroshahin’s response was not only the frustration that accompanies an unexpected early-season loss, but also his steadfast confidence in his team.During practices, he has emphasized maintaining formation as the team progresses down the field and staying connected. And as senior striker Megan Ohai pointed out, by staying in their own lanes, the Women of Troy can stretch the field and make themselves more difficult to defend.“We weren’t doing the little things,” Ohai said. “Everyone needs to work together and get on the other side of some of these crosses.”Undoubtedly, teamwork is how the Women of Troy will generate more offense and enjoy sustained success this season.“If we don’t connect, we won’t generate anything. It’s all based on the same thing,” Khosroshahin said.In TCU and Texas, USC faces two unfamiliar opponents, both unranked and coming off of mediocre seasons. The Horned Frogs opened their season with a 3-0 loss to Texas Tech, but soon rebounded, beating Texas Southern 7-0. The Longhorns won their only game 2-1 against North Carolina State, but also beat Louisiana State by the same score in an exhibition game.last_img read more