Recent Oil Discoveries News

NPD sees optimism on Norwegian Continental Shelf

Aug 5, 2013 Undiscovered recoverable resources on the Norwegian Continental Shelf are an estimated 935 million to 5,420 million standard cu m of oil equivalent (scmoe), the Norwegian Petroleum Directorate esti...

Barents Sea’s Gohta discovery expanded with Lundin’s second well

Jul 21, 2014 Lundin Petroleum AB reported its Gohta appraisal well 7120/1-4s drilled in PL492 in the Barents Sea offshore Norway encountered 10 m of Upper Permian limestone conglomerate with good reservoir prop...

HNR moves ahead with Dussafu block development offshore Gabon

Jul 21, 2014

Harvest Natural Resources Inc., Houston, reported that it has signed a declaration of commerciality with the Gabonese government pertaining to Dussafu block offshore Gabon.

ConocoPhillips group makes Browse basin gas discovery

Jul 17, 2014

The ConocoPhillips-Karoon Gas Australia partnership has made a natural gas discovery with its latest Browse basin wildcat, Pharos-1, drilled in permit WA-398-P offshore Western Australia.

Shell makes third oil discovery in Norphlet deepwater play

Jul 15, 2014 Royal Dutch Shell PLC has made its third major oil discovery in the Jurassic-period Norphlet play in the deepwater Gulf of Mexico with the Rydberg exploration well, drilled 75 miles offshore on Mis...

VNG Norge makes oil discovery in Bue prospect

Jul 14, 2014

VNG Norge AS has made an oil discovery in the Bue prospect near Njord field in the Norwegian Sea, while results from an appraisal well adjusted resource estimates for the Pil discovery.

Repsol reports oil discovery east of Trinidad and Tobago

Jul 7, 2014

Spain’s Repsol says it discovered oil with its TB14 well drilled on the TSP block offshore Trinidad and Tobago, upgrading the northern portion of Teak B field.

Grosmont carbonate formation increases Alberta's bitumen reserves

Jul 7, 2014

Improved recovery factors for Alberta's bitumen sands are elevating the province's reserves estimate to compete with some of the largest in the world.

OMV makes Barents Sea oil discovery

Jul 3, 2014

OMV (Norge) AS, operator of PL 537 in the Barents Sea offshore Norway, estimates that its Hanssen discovery (Sto formation) contains 20-50 million boe, largely oil.

Woodside makes gas discovery offshore Western Australia

Jul 2, 2014 Woodside Petroleum Ltd. reported that its Toro-1 exploration well, drilled in permit WA-430-P, has intersected about 150 m of gross natural gas (65 m net) within the Mungaroo formation target. The ...

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