More Oil Discoveries News

Statoil fails to find oil in Arctic’s Hoop program

Aug 7, 2014

Statoil ASA has wrapped up its 2014 exploration program in the Hoop area of the Norwegian Barents Sea, northeast of Johan Castberg, without making any commercial discoveries.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Abandoned gulf reservoirs provide low cost, low risk prospects

Aug 4, 2014

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

Eni makes gas, condensate discovery offshore Gabon

Jul 31, 2014

Italy’s Eni SPA has made a natural gas and condensate discovery in the Nyonie Deep exploration prospect on Block D4 about 13 km offshore Gabon, 50 km from the capital city of Libreville.

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 properties overlying fractured limestones of limited reservoir quality.

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 Mississippi Canyon Block 525 in the eastern gulf.

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 well, which reached a total depth of 3,724 m referenced from the rig rotary table, is in Western Australia’s Exmouth subbasin and within 22 km of Woodsides’ existing Ragnar-1A discovery.

Repsol makes two western Siberia discoveries

Jun 23, 2014

Repsol SA has made two hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in the West Siberian Ouriyinskoye field of Russia.

Mubadala Petroleum confirms discoveries offshore Malaysia

Jun 23, 2014

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

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