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For decades, the average size of new oil and gas discoveries has been dropping, the complexity of reservoirs increasing, the volume of data ballooning, and the industry knowledge base eroding.
Petroleo Brasileiro SA (Petrobras) has made separate oil and gas discoveries in the Espirito Santo and Amazon basins. In Espirito Santo, an onshore oil accumulation was found 711 m beneath the surface while
deeper Paleozoic eras. Apache says these targets are a primary focus and have proven successful in this area with oil and gas discoveries made at the nearby Shu-1X, Apries-1X, Bat-1X and Geb-1X wells, although Ptah is the largest new field
said, adding that Uganda’s oil resources now stand at about 6.5 billion bbl initially in place from the 21 oil and gas discoveries made to date. RT Global Resources previously said it would invest no less than $1 billion into building the refinery
usage. Petrobras tallies discoveries in Espirito Santo Petroleo Brasileiro SA (Petrobras) has made separate oil and gas discoveries in the Espirito Santo and Amazon basins. In Espirito Santo, an oil accumulation was found 711 m beneath the
Snohvit oil field, and the Hoop area, northeast of Johan Castberg. The Johan Castberg area has yielded two oil and gas discoveries , Skrugard and Havis. Statoil has made two natural gas discoveries this year in the area and hopes to find more
said the block had 5,123 line-km of 2D seismic coverage. Past drilling of six wells on the block had yielded oil and gas discoveries , according to CNOOC. Mubadala Petroleum confirms finds off Malaysia Mubadala Petroleum, Abu Dhabi, reported
Apache Corp. said its exploration program in Egypt's Western Desert yielded seven oil and gas discoveries in four geologic basins in the quarter ended June 30. Four discoveries are in the Faghur basin and one each are in the Shushan
beneficial to the country’s economy, as international oil companies (IOCs) could make additional, commercial oil and gas discoveries before the end of the year. This would in turn strengthen prospectivity and interest in the country’s oil and
said the block had 5,123 line-km of 2D seismic coverage. Past drilling of six wells on the block had yielded oil and gas discoveries , according to CNOOC.