More Oil Discoveries News

Fourth Iara well exhibits excellent characteristics

Jul 25, 2013

Presalt carbonate reservoirs in the fourth exploratory well in the Iara area of Santos basin Block BM-S-11 have better characteristics than those found in the Iara discovery well, said Petroleo Brasileiro SA (Petrobras).

Mozambique deepwater channel gas marginal

Jul 23, 2013

The Statoil-operated initial deepwater exploratory well drilled in Area 2 offshore Mozambique encountered 38 m of good quality gas-bearing reservoir that early evaluation indicates is likely noncommercial on a standalone basis, said Tullow Oil PLC.

Solimar cuts thick, oily Temblor at San Joaquin well

Jul 22, 2013

Solimar Energy Ltd., Melbourne, said its Kreyenhagen Ranch 2-33 well in the northwestern San Joaquin basin in California has encountered more than 600 ft of Temblor formation heavy oil sands with oil present throughout.

Caracal fields second rig, nears oil output in Chad

Jul 22, 2013

Caracal Energy Inc., Calgary, said it expects approval this month to start producing Badila oil field in southern Chad and now that a second rig has arrived, it plans to begin exploratory drilling with one well each in August and September.

Apache’s Bianchi wildcat finds gas off W. Australia

Jul 16, 2013

Apache Energy has made a natural gas discovery with its Bianchi-1 wildcat, which was drilled in retention lease WA-49-R offshore Western Australia.

Shell to sidetrack Vicksburg strike in deepwater gulf

Jul 5, 2013

Royal Dutch Shell PLC plans a sidetrack well to test a prospect on a fault block separate from its deepwater Vicksburg A discovery in the Gulf of Mexico, which it estimates holds potentially recoverable oil and gas resources exceeding 100 million boe.

PPL tests gas-condensate from Basal Goru in Sindh

Jul 3, 2013

Pakistan Petroleum Ltd. has tested gas-condensate from the Lower Basal sands of the Cretaceous Lower Goru formation in the Sanghar District of Sindh Province, Pakistan, 145 miles northeast of Karachi.

GeoPark tests discovery in Chilean Tierra del Fuego

Jul 2, 2013

GeoPark Holdings Ltd. said the Chercan-1 exploratory well gauged oil and gas on the Chilean Flamenco block, becoming the company’s first discovery in Tierra del Fuego.

Statoil Barents wildcat finds noncommercial gas

Jul 1, 2013

A group led by Statoil ASA has made a small gas discovery at the Nunatak prospect on the PL 532 in the Barents Sea offshore Norway.

Statoil makes second Flemish Pass basin oil discovery

Jun 19, 2013

Statoil has made the company’s second discovery of light, high-quality oil in the Flemish Pass basin offshore Newfoundland but said it cannot yet judge the find’s resource potential.

Beach drills four successful Cooper basin wells

Jun 18, 2013

Beach Energy Ltd., Adelaide, has cased and suspended as future oil producers four wells in the Cooper basin in South Australia’s Western Flank region. The wells are in permit PEL 91.

GeoPark has Guadalupe oil find on Llanos 34 block

Jun 17, 2013

A group led by GeoPark Holdings Ltd. has spudded an appraisal well after discovering a fourth oil field on the Llanos 34 block in Colombia and said it has identified several more prospects on the block.

Shale oil, gas resources 'abundant' worldwide, EIA/ARI study finds

Jun 17, 2013

Shale oil and shale gas resources are "abundant" around the globe, according to a recent study conducted by Advanced Resources International Inc. under contract to the US Energy Information Administration.

Statoil extends Sverdrup, finds basement prospect tight

Jun 13, 2013

Statoil ASA has gauged good oil rates on the west side of Johan Sverdrup field in the North Sea offshore Norway but said the latest appraisal wellbore also “reduces the possibility for upside potential in the basement section in the Johan Sverdrup area.”

Potentially commercial Cooper basin gas find touted

Jun 12, 2013

A prospective resource of as much as 2.9 tcf of gas has been identified in a conventional Early Permian tight stratigraphic reservoir in the Mettika embayment of the southern Cooper basin in South Australia, said Senex Energy Ltd., Brisbane.

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