Archive for the ‘Discoveries’ Category
ConocoPhillips has set a capital expenditure budget for 2019 of $6.1 billion, which is flat to its expected full-year 2018 capex, excluding acquisition costs. The 2019 budget does not reflect potential dispositions that may occur in 2019.
DEA Deutsche Erdoel AG (DEA), Hamburg, has agreed to acquire Sierra Oil & Gas, Mexico City, giving it access to a portfolio of six exploration and appraisal blocks in Mexico, including the Zama discovery.
An oil discovery in the Afoxe exploration prospect offshore Angola is a further confirmation of the oil exploration potential still held in southern part of Block 15/06, previously considered mainly gas prone, operator Eni SPA said. The company plans t…
Talos Energy begins Zama appraisal program
December 4th, 2018 by Latest News
Talos Energy Inc. has spudded its Zama-2 appraisal well Nov. 29, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack. The Zama discovery was made on Block 7 about 37 …
ExxonMobil’s latest discovery off Guyana boosts Stabroek block resources
December 3rd, 2018 by Latest News
ExxonMobil Corp. has increased its estimated recoverable resource for the Stabroek block to more than 5 billion boe from 4 billion boe following further evaluation of previous discoveries and drilling of the Pluma-1 well offshore Guyana. The well,…
Analysis reveals regional differences in the Longwangmiao formation’s granular shoal. Reservoir porosity and permeability of Longwangmiao formation in northern Sichuan basin is worse than that in central Sichuan basin.
Santos Ltd., Adelaide, has been cleared by the Australian Competition and Consumer Commission (ACCC) for its proposed acquisition of Quadrant Energy Ltd., Perth.
Novatek reports gas-condensate discovery
November 19th, 2018 by Latest News
Novatek-Yurkharovneftegas discovered natural gas in the Nyakhartinskiy license area of Russia’s Yamalo-Nenets Autonomous Area. The PO-1 exploration well flowed more than 300,000 cu m/day of natural gas and condensate from Lower Cretaceous sediments, ac…
TransGlobe to develop oil strike in Egypt
November 19th, 2018 by Latest News
TransGlobe Energy plans to develop an oil discovery made by its South Ghazalat (SGZ) 6X exploration well in Egypt’s Western Desert. During tests, the well flowed at a combined rate of 3,840 b/d of light oil from Late Cretaceous Upper and Lower Bahariya…
Prompted by successful exploration and appraisal wells drilled in the Agar-Plantain area in the UK North Sea, Azinor Catalyst Ltd. recently drilled an associated sidetrack well.