More Oil Discoveries News

Apache makes major oil discovery off Western Australia

Aug 18, 2014

Apache Corp. has made an oil discovery with its Phoenix South-1 well, drilled 110 miles north of Port Hedland in 435 ft of water in permit WA-435-P of Australia’s offshore Canning basin. The company estimates as much as 300 million bbl of oil could be in place.

Beach’s Balgowan-1 extends oil fairway in Cooper basin

Aug 14, 2014

Following recent discoveries in PEL 91, Beach Energy Ltd. reported an oil discovery in the Namur sandstone and McKinlay member at its Blagowan-1 exploration. The company confirmed an extension of the oil fairway to the northeast of its Stunsail-1 wildcat and Pennington-2 appraisal well on the western flank of the Cooper basin in South Australia.

Canada Briefs

Aug 13, 2014

Petrobras confirms extension of Jupiter oil discovery

Aug 13, 2014

Petroleo Brasileiro SA (Petrobras) reported that the 3-BRSA-1246-RJS well proved an extension of the Jupiter oil discovery on Block BM-S-24 in the presalt Santos basin.

Monterey proves more complex than average shale play

Aug 13, 2014

A pending cut in the Energy Information Administration's resource estimate for the Monterey shale reflects the complexity of the play relative to other US tight oil plays and the need for more research into its geology.

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.

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