More Oil Discoveries News

Petrobras to flow-test high-angle Iara presalt well

Nov 13, 2013

Petroleo Brasileiro SA (Petrobras) will conduct formation tests of reservoirs encountered at the fifth exploratory well in the Iara presalt area of the Santos basin offshore Brazil.

Statoil makes third Norwegian Sea oil discovery

Nov 11, 2013

Statoil ASA and its partners in PL 348/348B have made an oil discovery 15 km northeast of Njord field in the Norwegian Sea’s Snilehorn prospect.

Petrobras drills 26-km stepout to 2008 Santos presalt discovery

Oct 30, 2013

A group led by Petroleo Brasileiro SA has proved an extension of the 2008 Jupiter presalt oil and gas-condensate discovery in the deepwater Santos basin offshore Brazil, from which production is expected to begin in 2019.

DNO International has oil discovery in Yemen’s Masila basin

Oct 30, 2013

A group led by DNO International ASA, Oslo, has tested 36° gravity oil at a rate of 5,900 b/d at the Salsala-1`discovery well on Block 32 in the Masila basin of east-central Yemen.

Oryx tests second oil find at Hawler in Iraq Kurdistan

Oct 24, 2013

Oryx Petroleum Corp., Calgary, has gauged a potentially commercial Jurassic oil and sour gas discovery at Ain Al Safra, its second oil discovery on the Hawler license in the northern part of the Kurdistan Region of Iraq.

CNOOC has midsized oil find in Bohai’s Liaodong

Oct 23, 2013

CNOOC Ltd. said it has discovered heavy oil at a midsized oil and gas structure in the Liaodong Bay area of Bohai Gulf and made another oil discovery elsewhere in the southern part of Bohai offshore China.

Repsol groups adds Libya Murzuk light oil find

Oct 21, 2013

A group led by Repsol has added a light oil discovery on the 4,400 sq km NC 115 block in the Murzuk basin in the Sahara 800 km south of Tripoli, Libya.

Australia needs to broaden energy strategy, UQ professor says

Oct 18, 2013

A strategy that established renewable energy targets did not keep Australia from becoming as polarized—and paralyzed—as the US in the energy and climate-change debate, the director of the University of Queensland's Energy Initiative told a Washington, DC, audience.

Statoil upbeat on exploration, diverse assets

Oct 14, 2013

Statoil ASA believes it can boost its production from offshore Norway, Canada, and Tanzania while also building its production from US onshore unconventional assets, Statoil Chief Executive Officer Helge Lund said during a media briefing on Oct. 7 in Houston.

Noble sees possible 250 MMcfd well rates off Cyprus

Oct 4, 2013

Noble Energy Inc., having tested a stepout more than 4 miles from its A-1 discovery well offshore Cyprus, said performance modeling indicates that development wells in the reservoir should have the capacity to deliver as much as 250 MMcfd of gas.

BG Group touts Pweza as its largest Tanzania gas find

Oct 2, 2013

Results of a drillstem test of the Pweza deepwater gas discovery indicates that the reservoir is “potentially the most prolific in BG Group’s Tanzania portfolio,” the company said.

Permian carbonates flow 4,300 b/d at Barents Gohta find

Oct 2, 2013

A group led by a unit of Lundin Petroleum AB has flow-tested its Gohta discovery in the Barents Sea at 4,300 b/d of oil, confirming for the first time oil and gas in a play model that so far has been unsuccessful on the Norwegian Continental Shelf.

Wolfcamp shale graduates to 'world class' play

Oct 1, 2013

DENVER, Colo.—"The Wolfcamp could possibly become the largest oil and gas discovery in the world," said Scott Sheffield, chief executive officer, Pioneer Natural Resources Co.

IHS: World's tight oil resources hold large potential

Sep 30, 2013

The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a recent geological study by global analytics firm IHS.

Statoil makes gas discovery at Iskrystall in Barents Sea

Sep 23, 2013

A group led by Statoil ASA has made a gas discovery at the Iskrystall prospect on PL 608 in the Barents Sea offshore Norway.

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