More Oil & Gas Exploration and Development News

Agiba finds Western Desert Cretaceous near-giant

May 24, 2012

Agiba Petroleum Co. has made a Cretaceous oil and gas discovery in Egypt’s Western Desert initially judged to have 150-250 million bbl of oil in place.

Calgary firm to test Vaca Muerta in Neuquen subbasin

May 24, 2012

Americas Petrogas Inc., Calgary, said it will spud the La Hoya x-1 exploratory well in early June 2012 with the Jurassic-Cretaceous Vaca Muerta shale as primary objective on the 293,600-acre Totoral block in the Picun Leufu subbasin of the Neuquen basin in Argentina.

Michigan pinnacle reef joint venture planned

May 24, 2012

Petrolympic Ltd., Toronto, plans to form a joint venture with Energex Petroleum Inc., Windsor, Ont.,  to acquire 50% indirect working interest in Energex’s Michigan pinnacle reef properties. Energex is working towards a public listing in Toronto.

Mexico: Pemex awards Campeche platform contract

May 24, 2012

Pemex Exploracion y Produccion has awarded a contract for the Ayatsil-B drilling platform to McDermott International Inc.

CNOOC tests oil discovery in Liaodong Bay

May 24, 2012

CNOOC Ltd. said it has tested the Luda 21-2 oil discovery in southern Liaodong Bay of Bohai Gulf at 608 b/d from the “thickest oil layers found in the exploration of Bohai clastic rocks in recent years.”

Namibia: HRT to contract semi for deepwater drilling

May 24, 2012

HRT Participacoes em Petroleo SA, Rio de Janeiro, will sign a final contract in early June under which the Transocean Marianas semisubmersible will drill for the company offshore Namibia starting in late 2012.

Congo (former Zaire): SOCO plans aerial surveys

May 23, 2012

SOCO International PLC plans to fly aerogravity and aeromagnetic surveys over part of Block V in eastern Congo (former Zaire) in June 2012.

UK offshore license applications set record

May 23, 2012

The UK government received a record-high 224 applications for North Sea oil and gas drilling licenses in its 27th offshore licensing round.

Wintershall group to develop Maria offshore Norway

May 23, 2012

An appraisal well north of the 2010 Maria oil and gas discovery in the Norwegian Sea has confirmed the initial resource estimate and supported the upper end of discovery volumes, said Wintershall Norge AS.

Monterey shale oil eyed at Santa Barbara's Zaca field

May 23, 2012

Underground Energy Corp., Santa Barbara, Calif., will attempt to complete the Monterey shale at the Chamberlin 3-2 well on the 7,750-acre Chamberlin lease in its Zaca field extension project in Santa Barbara County, Calif.

Delphi Energy starts Alberta Montney gas-liquids flow

May 22, 2012

Delphi Energy Corp., Calgary, started Montney gas-liquids production on May 13, 2012, its 30 MMcfd compression and dehydration facility at Bigstone East northwest of Edmonton, Alta.

Gallic sees potential in two Aquitaine basin formations

May 22, 2012

Gallic Energy Ltd., Calgary, temporarily suspended completion operations at its Ossun-2D reentry well on the Ger permit in the Aquitaine basin in southern France.

Brazil: HRT finds subcommercial light oil in Solimoes

May 22, 2012

HRT Oil & Gas drillstem tested subcommercial amounts of 41° gravity oil at the 1-HRT-6-AM well on Block SOL-T-170 in the Solimoes basin in northwestern Brazil.

Bangladesh: Surma basin 3D seismic indicates oil

May 21, 2012

Bangladesh, mainly a gas-producing country, has discovered indications of an oil pay zone in two Surma basin gas fields.

Iran: Giant Caspian deepwater oil find claimed

May 21, 2012

Iran has claimed to have made a discovery of as much as 10 billion bbl of oil offshore in the Caspian Sea, but few details have been disclosed.

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