More Oil & Gas Exploration and Development News

Congo (Brazzaville): Farmout to SOCO to include exploratory well

Nov 4, 2013

SOCO International PLC will take a farmout from a unit of PA Resources AB, Stockholm, to earn a 60% working interest in the Mer Profonde Sud permit offshore Congo (Brazzaville).

Texas-West: Horizontal Clearfork shale results promising

Nov 4, 2013

Diamondback Energy Inc., Midland, Tex., said its Digger 601H well in Andrews County, Tex., tested at a 24-hr rate of 611 b/d of oil equivalent, 87% oil, from a 7,541-ft lateral in the Clearfork shale.

Applying gamma-ray logs to a carbonate reservoir: a Pakistan Potwar basin example

Nov 4, 2013

Reservoir rocks (carbonates and sands) are mainly sedimentary in nature with interconnected pore spaces (permeability), reflecting the ease with which hydrocarbons can flow in the rock, but the presence of clay minerals or shale in reservoir rocks creates problems while interpreting well logs.

Alaska: Miller rework boosts Cook Inlet oil output

Nov 1, 2013

Miller Energy Resources Inc., Huntsville, Tenn., said production from the Osprey platform in Alaska’s Cook Inlet is producing at more than 2,500 b/d of oil equivalent as the result of the RU-5B sidetrack well being brought online at 250 b/d of oil.

Colorado: Nighthawk farms out unconventional play

Oct 31, 2013

Nighthawk Energy PLC has farmed out 4,572 acres of its 100% owned Jolly Ranch project in Lincoln County, Colo., in the Denver basin to an undisclosed Denver farmee.

Victoria expands Cameroon industrial gas sales network

Oct 30, 2013

Victoria Oil & Gas PLC said that Logbaba gas-condensate field onshore Cameroon, operated by the company’s Rodeo Development Ltd. subsidiary, is estimated to hold sufficient proved and probable reserves to supply an average 20 MMscfd of gas to industrial customers until 2043.

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.

Hindustan Oil group to develop Assam-Arakan gas-condensate field

Oct 30, 2013

Three Indian state concerns led by Hindustan Oil Exploration Co. Ltd., Mumbai, will develop the Dirok gas-condensate discovery on Block AAP-ON-94/1 in the Assam-Arakan basin as soon as they receive regulatory approvals for the development-production phase, HOEC said last month.

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.

Louisiana/Mississippi: Goodrich sets jump in 2014 budget

Oct 30, 2013

Goodrich Petroleum Corp., Houston, earlier this month scheduled preliminary 2014 capital spending of $375 million compared with a revised $255 million in 2013, with most of the increase dedicated to an accelerated drilling program in the Tuscaloosa marine shale (TMS) play along the Louisiana-Mississippi state line.

Morocco: Gulfsands drilling for Rharb basin gas

Oct 29, 2013

Gulfsands Petroleum PLC has spudded the Al Krima-1 well on the Rharb Centre permit in northern Morocco, the first of nine wells to be drilled in two back-to-back programs on the company’s Rharb permits.

Colombia: PetroNova spuds Putumayo exploratory well

Oct 29, 2013

PetroNova Inc., Calgary, has spudded Canelo Sur-2, first exploratory well on the PUT-2 block in the Putumayo basin in Colombia.

OMV sees oil shows in two reservoirs at Barents well

Oct 29, 2013

The OMV AG-operated Wisting Alternative well 7324/7-1S on PL537 in the Barents Sea offshore Norway has found oil shows in two poor quality reservoirs but has “provided important information about the regional geology,” said partner Tullow Oil PLC.

Cairn spuds wildcat, takes farmout offshore Morocco

Oct 28, 2013

Cairn Energy PLC’s Capricorn Exploration & Development Ltd. has spudded the first wildcat in a multiwall exploratory program offshore Morocco and separately has taken a farmout from Kosmos Energy Co. and Morocco’s state ONHYM on another Moroccan block.

The world's energy abundance

Oct 28, 2013

How soon might the world resume its concern about "peak oil?"

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