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A comprehensive, integrated study of the reserve and production potential of the Barnett shale integrates engineering, geology, and economics into a numerical model that allows for scenario testing based on several technical and economic parameters.
Consulting engineers doubled estimates of proved and probable oil reserves at Ombrina Mare field in the Adriatic off central Italy, where Mediterranean Oil & Gas PLC hopes to start production in late 2012.
Salamander Energy PLC reported large increases in proved and probable reserves at Bualuang oil field on the B8/38 license in the Gulf of Thailand, where it is preparing to start development drilling.
Australian Worldwide Exploration, which operates Tui oil field off New Zealand, reported a 15% increase in the field's proved and probable reserves.
Concerns about global oil peaking due to declining reserves at Saudi Aramco’s Ghawar oil field may be overstated, according to Bernstein Research commenting on the results of a recent satellite survey.
Concerns about global oil peaking due to declining reserves at Aramco's Ghawar field may be overstated, according to Bernstein Research commenting on the results of a recent satellite survey.
An independent review of Melbourne-based Nexus Energy's Crux gas-condensate field in the Browse basin off Western Australia has confirmed another increase in reserves.
Statoil ASA reported that reserves in Mikkel gas field in the Norwegian Sea are now put at 28 billion cu m of gas and 40 million bbl of condensate?20% higher than estimated on the original plan for development and operation.
Dana Petroleum plc, London, has completed a study of field reserves in Sortymskoye oil field in western Siberia and has decided on an export route for oil as a prelude to development. Sortymskoye
achieving an average oil recovery rate of 60% from our fields on the Norwegian shelf," Michelsen said. Snorre field reserves are currently estimated at 1.55 billion bbl of oil. The original estimate when the plan for development and operation