Oil Reserves: World Oil Reserve News and Resources: Oil & Gas Journal


Reserves News
New well pegs Tupi area reserves at 5-8 billion boe (Nov 13, 2009)

Petroleo Brazileiro SA (Petrobras) reported that a new well drilled in the Tupi area of the Santos basin off Brazil further confirms reserves estimates of 5-8 billion boe of light oil and natural gas.

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New Zealand's Maari-Manaia tops 100 million bbl (Nov 11, 2009)

Estimated ultimate recovery of more than 100 million bbl of oil has been confirmed for OMV AG-operated Maari field and adjacent Manaia field in the offshore portion of New Zealand’s Taranaki basin, two of the field’s partners said.

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EOG sees reserve hike in Barnett Combo play (Nov 6, 2009)

Improved horizontal completion techniques in the North Texas Barnett Combo play have led EOG Resources Inc. to estimate that ultimate recoveries in one area will be 80% higher than the company’s early 2008 estimates in the play.

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SEC rules might have meant US oil reserves hike (Oct 30, 2009)

Proved US crude oil reserves fell by more than 10% in 2008, but there would likely have been a smaller drop or perhaps even an increase under new Securities and Exchange Commission rules.

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Maari oil field partners confirm additional reserves (Oct 7, 2009)

The OMV-led joint venture at Maari oil field in the Taranaki basin off New Zealand has confirmed additional produceable oil reserves are contained within a separate reservoir, designated M2A, about 50 m above the main Moki formation.

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Montana's Elm Coulee to top 200 million bbl (Sep 24, 2009)

Elm Coulee field, Montana’s primary Bakken shale oil producing field discovered in 2000, is a giant that is expected to recover more than 200 million bbl.

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Ryder Scott: Trinidad and Tobago gas reserves revised (Sep 3, 2009)

Trinidad and Tobago has proved gas reserves of 15.4 tcf and another 30 tcf in unrisked exploration potential, according to recent findings of Ryder Scott Consultants.

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Large gas volumes seen in Quebec's Utica shale (Sep 1, 2009)

Questerre Energy Corp., Calgary, said consulting engineers estimated a range of 2.2 to 8 tcf of gas net to Questerre to be recoverable from Ordovician Utica shale in the deep fairway of Quebec’s St. Lawrence Lowlands.

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Putin touts Russia's oil reserves; seeks funding (Aug 24, 2009)

Russia’s Prime Minister Vladimir Putin, on a visit to the town of Igarka in Krasnoyarsk Territory, boasted that the region will eventually provide more than 115 million tons/year of “additional oil and condensate” on reaching its estimated capacity.

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Venoco to press Monterey shale work in 2010 (Aug 18, 2009)

Denver independent Venoco Inc. sees 2010 as the year it begins to exploit California’s Miocene Monterey shale in earnest and believes more than 10 billion bbl of original oil in place exist on its onshore acreage.

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Oxy adds California gas-condensate giant (Jul 23, 2009)

Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable.

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Israel's Tamar gas may vie with LNG terminal (Jul 8, 2009)

Noble Energy Inc., Houston, hiked its resource estimate 26% to 6.3 tcf after the Tamar appraisal well in the eastern Mediterranean off Israel “confirmed continuous high-quality reservoirs.”

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USGS assessment lists 76 billion boe on Barents Sea shelf (Jul 2, 2009)

More than 76 billion boe may be technically recoverable on the Barents Sea shelf, the US Geological Survey said.

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Corridor sees 67 tcf in New Brunswick shale (Jul 1, 2009)

Consulting engineers arrived at a best estimate of 67.3 tcf of gas in place in the overpressured Carboniferous Frederick Brook shale in the Sussex and Elgin subbasins in southern New Brunswick, said Corridor Resources Inc., Halifax.

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Shale plays push up US gas resource estimate (Jun 18, 2009)

Reevaluation of shale plays has pushed the Potential Gas Committee’s assessment of the US natural gas resource to its highest level ever.

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Related News

New well pegs Tupi area reserves at 5-8 billion boe - Oil & Gas ...
New well pegs Tupi area reserves at 5-8 billion boe. Nov 13, 2009. Eric Watkins OGJ Oil Diplomacy Editor LOS ANGELES, Nov. 13 -- Petroleo ...

Black Elk acquires Gulf of Mexico properties - Oil & Gas Journal
... Black Elk Energy estimates the fields hold 25 bcf of gas equivalent of proved reserves. Proved, probable, and possible reserves ...

New Zealand's Maari-Manaia tops 100 million bbl - Oil & Gas ...
... OMV AG, which declined comment on reserves and production until a full evaluation is complete, plans to place on production an extended reach well that at ...

MARKET WATCH: Lack of market stimuli pull down energy prices - Oil ...
... “This has nothing do to with any oil supply and demand fundamentals, but current investment flows are riding more the Federal Reserve bubble than fundamentals ...

SEC rules might have meant US oil reserves hike - Oil & Gas ...
SEC rules might have meant US oil reserves hike. ... Gas reserves additions replaced production of 20.5 tcf during 2008, and operators added 6.9 tcf on top of that. ...

CSIS: unconventional resources altering global gas outlook - Oil & ...
... When it released its initial estimate of yearend 2008 US oil and gas reserves on Oct. 29, EIA noted that gas reserves rose enough ...

Denbury-Encore merger to test CO<sub>2</sub>-oil ...
... The companies. Denbury has 212.4 million boe of reserves, 59% developed and 82% oil, in mature fields of Mississippi, Louisiana, Alabama, and Texas. ...

Comment: Brazil aims to avoid long-term oil 'curse&#039 ...
... Brazil is determined to forge its own way to best manage the exploration and development of these vast oil reserves as well as their ultimate revenues. ...

Watching Government: Chesapeake's NYC decision - Oil & Gas ...
... in the watershed has become a needless distraction from the larger issues of how we can safely and effectively develop the natural gas reserves that underlie ...

OGJ Newsletter - Oil & Gas Journal
... the construction of a second LNG train at Damietta until enough reserves are found. "If the Egyptian government is given proven gas reserve certificates then ...

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