More Oil Discoveries News

Sole field enters into FEED stage

May 26, 2015

Sole, the previously stranded natural gas field in eastern Bass Strait, has entered into the front-end engineering and design stage and its owners are working towards making a final investment decision on development timed for third-quarter 2016.

Eni makes another Area D strike offshore Libya

May 26, 2015

Eni SPA estimates a natural gas and condensate discovery well in the Bouri North prospect offshore Libya can flow more than 3,000 boe/d when configured for production.

Obama administration opposes Senate's trio of OCS leasing bills

May 25, 2015

The Obama administration opposes a trio of US Senate bills that propose establishing or increasing states' shares of federal oil and gas revenue from leasing and development off their shores, US Bureau of Ocean Energy Management Director Abigail Ross Hopper told the Senate Energy and Natural Resources Committee.

ExxonMobil’s Liza-1 well encounters oil offshore Guyana

May 20, 2015

Esso Exploration & Production Guyana Ltd., a unit of ExxonMobil Corp., reported an oil discovery on Stabroek block 120 miles offshore Guyana.

MOL makes another discovery on Pakistan’s TAL block

May 19, 2015

MOL Group has made a commercial discovery with its Mardan Khel-1 exploration well on TAL block in Pakistan’s Khyber Pakhtunkhwa province. The company also has signed a farm-in agreement for Pakistan’s DG Khan block, taking 30% non-operating interest from Pakistan Oil Fields Ltd (POFL).

Lundin to appraise Caspian Morskaya find

May 18, 2015

Lundin Petroleum AB has secured a production license and said it is preparing a full appraisal plan for its Morskaya discovery on the Lagansky block in the Caspian Sea offshore Russia.

Cairn-led JV contracts drillship for work offshore Senegal

May 12, 2015

A joint venture led by Cairn Energy PLC and containing ConocoPhillips and Perth-based FAR Ltd. has signed up the Ocean Rig Athena drillship to drill as many as 6 wells surrounding its SNE-1 oil discovery late this year into 2016.

OTC: Deepwater will be vital to maintaining global supply, IHS's Fryklund says

May 11, 2015

A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told attendees May 4 at the Offshore Technology Conference in Houston.

Santos, Drillsearch find wet gas in Cooper basin

May 4, 2015

The Santos Ltd.-led joint venture with Drillsearch Energy Ltd. has had made it six out of seven with a new discovery of wet gas in the western flank of the Cooper basin in South Australia.

Oil Search decides on complete exit from Yemen

May 4, 2015

Sydney and Port Moresby-based Oil Search Ltd. has decided on a complete exit from its acreage in Yemen.

CERAWeek: Evolutions of Pemex, YPF running parallel

May 4, 2015

Chief executives of Mexico's Petroleos Mexicanos (Pemex) and Argentina's YPF SA are both seeing energy reforms within their respective countries, and both emphasize the need for investment from international oil and gas companies to achieve their new goals.

Central Tunisia discovery yields 4,300 b/d

May 1, 2015

The Chouchet El Atrous-1 (Cat-1) well, drilled by Mazarine Energy Tunisia BV in the Zaafrane permit in central Tunisia, has discovered two net oil-bearing reservoirs with combined 38-m net pay. Primary objectives of the Cat-1 were to test the Ordovician El Hamra and El Atchane formations. Each zone has confirmed 19-m net pay.

Chevron makes gas discovery near Gorgon

Apr 30, 2015

Chevron Australia has made a natural gas discovery with its Isosceles-1 wildcat drilled in the greater Gorgon gas project area offshore Western Australia.

Third extension well in Moita Bonita area confirms light oil

Apr 29, 2015

Petroleo Brasileiro SA (Petrobras) has concluded drilling well 3-BRSA-1296-SES in the BM-SEAL-10 concession of the Sergipe basin, confirming the presence of light oil with reservoirs showing good porosity and permeability.

Kosmos makes gas find offshore Mauritania

Apr 27, 2015

Kosmos Energy Ltd., Dallas, reported that the Tortue-1 exploration well, drilled on Block C-8 offshore Mauritania, intersected 351 ft of net hydrocarbon pay in the primary Lower Cenomanian objective, based on preliminary analysis of drilling results and intermediate logging to a depth of 4,630 m.

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