Archive for the ‘Reserves’ Category
North Slope riches
August 20th, 2018 by Latest News
The state of Alaska is offering what officials describe as “a veritable cornucopia of information” for anyone interested in exploring for North Slope oil.
Perth-based duo Quadrant Energy Ltd. and Carnarvon Petroleum Ltd.’s multizone Dorado oil discovery in the Bedout subbasin has been assessed as the largest field found on the North West Shelf off Western Australia in the last 30 years.
GeoPark Ltd., Santiago, completed the Jauke 1 well on the Fell block in Chile. The operator drilled the well to 9,592 ft TD. A production test through different chokes in the Springhill formation resulted in an average production rate of 5.8 MMscfd of …
The US Bureau of Land Management opened a 15-day public comment period on Aug. 10 for a proposed oil and gas lease sale of parcels in 20 Montana counties as well as 1 in western North Dakota. Comments will be accepted through Aug. 24, officials in the …
The Beehive 3D seismic program in the Bonaparte Gulf, funded by Santos Ltd. and Total SA as part of farm-in obligations to obtain an option to drill in Melbourne-based Metana Energy Ltd.’s WA-488-P permit, has been completed and evaluation has begun.
Caspian leaders sign territorial agreement
August 13th, 2018 by Latest News
Leaders of countries with Caspian Sea coasts have signed an agreement on territorial claims under dispute since collapse of the Soviet Union in 1991. Clarification of at least some legal questions will ease impediments to oil and gas exploration and de…
Second Buzzard development phase approved
August 7th, 2018 by Latest News
Nexen Petroleum UK has received approval from partners and the UK Oil & Gas Authority for second-phase development of Buzzard oil and gas field in the Central North Sea. The new phase includes the installation in 96 m of water of a subsea manifold …
Oil Search Ltd.’s Barikewa-3 appraisal well in retention license PRL-9 in the forelands of Papua New Guinea has encountered natural gas in the target Toro and Hedinia sandstone reservoirs. The company said both reservoirs were well developed, with the …
India consolidating oil and gas licenses
August 2nd, 2018 by Latest News
India’s Union Cabinet is consolidating hydrocarbon types in its oil and gas licenses in a move that for the first time will allow nonstate operators to develop shale resources. Until now, India has awarded separate licenses, most recently production-sh…
A partnership of Quadrant Energy Ltd. and Carnarvon Petroleum Ltd. has confirmed an oil discovery in the Caley member of the Dorado-1 wildcat in permit WA-437-P in the Bedout subbasin off Western Australia as well as confirming the presence of gas and …