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Our underlying exploration philosophy is a ..... major deepwater discoveries in Egypt and the ..... been key to these discoveries . Large areas of ..... reduce risk in our exploration portfolio and open ..... exploration and reserves replacement performance ..... and new business development globally. He was
Although exploration costs declined ..... period. Development spending ..... increase in development spending ..... spent less on exploration . "While ..... Oil, gas reserves rise Yearend ..... Extensions and discoveries for both
150 million exploration and appraisal ..... s two discoveries , hence the ..... proved oil reserves to make a viable development . Exploration will focus ..... bbl. Any development will use a ..... stage the reserves estimate has
Total 2012 exploration spending climbed ..... liquids activity. Development spending last ..... The increased exploration and development spend we’re seeing ..... develop new reserves surged to ..... reserves and discoveries of new reserves
company says further exploration activities will ..... Tullow’s exploration director. Elsewhere in Kenya Exploration drilling has begun ..... appraisal and development activities. The ..... significant oil discoveries in the western
drilling campaign with two discoveries in the western flank of the ..... and says a stand-alone development will cost about $4 million ..... boosted 2P estimated gross reserves for Pennington field to 2 ..... from 1.7 million bbl. Development is likely to cost $6 million
The licensees will consider various development alternatives based on oil quality and ..... Petoro AS has 28.94%, ExxonMobil Exploration & Production Norway AS 28.22%, and ..... Continental Shelf will be near-field exploration projects. In addition to the Grane
Apache Corp. said its exploration program in Egypt ..... yielded seven oil and gas discoveries in four geologic basins ..... ended June 30. Four discoveries are in the Faghur basin ..... 1X, on the WD 30 Development Lease acquired in 2010 ..... line shortly following development lease approval. Drilling
OMV (Norge) AS, operator of PL 537 in the Barents Sea offshore Norway, estimates that its Hanssen discovery (Sto formation) contains 20-50 million boe, largely oil.
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.