Archive for the ‘Reserves’ Category
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 …
Oil & Gas Journal’s annual look at worldwide proved oil and natural gas reserves shows marginal increases. OGJ data for oil reserves and production increasingly include natural gas liquids. Some countries’ gas reserves changed to dry gas reserves after…
Stronger crude oil and natural gas prices combined with continuing development of shales and low-permeability formations drove US proved reserves to new record levels, according to the US Crude Oil & Natural Gas Proved Reserves Report (Yearend 2017…
Shell Exploration & Production Co. has let subsea umbilical and flowline installation contract to McDermott International Inc. for the Great White Frio development in Alaminos Canyon Block 857 in the Gulf of Mexico.
A turbulent market
November 26th, 2018 by Latest News
In a bustling area of Houston sits a building in which OGJ staffers work diligently to inform. Across the freeway, a helipad atop another building lies just above this editor’s eye level.
Report finds multi-tcf gas in Elixir’s Mongolian coal seam gas play
November 21st, 2018 by Latest News
Perth-based Elixir Petroleum Ltd. has a risked best estimate recoverable coal seam gas prospective resource of 7.6 tcf in its wholly owned Nomgom IX prospect in southern Mongolia according to global independent petroleum reserves and resources auditor …
UK licensing round draws 36 applications
November 14th, 2018 by Latest News
Operators submitted 36 applications for 164 frontier-area offshore blocks in the UK’s 31st Licensing Round, the Oil and Gas Authority reported. Blocks on offer cover more than 370,000 sq km in the Atlantic Margin, East Shetland Platform, Mid North Sea …
Total SA executives announced investment decisions to develop satellite fields on Block 17 offshore Angola. The satellite field investments were announced during an inauguration ceremony for the Block 32 Kaomba project, which came on stream in July.
OGA: UKCS reserves could last another 20 years
November 9th, 2018 by Latest News
The Oil & Gas Authority estimates the UK Continental Shelf’s proved and probable reserves as of Dec. 31, 2017, were 5.4 billion boe, which could sustain production for at least another 20 years or more based on current production rates. The report …
The Canada-Newfoundland and Labrador Offshore Petroleum Board received high bids totaling nearly $1.4 billion (Can.) for exploration licenses covering four areas in the Eastern Newfoundland Region and one area in the Jeanne d’Arc Region in a round of s…