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  1. EIA says ANWR likely has 5.7 billion bbl of recoverable oil

    WASHINGTON, DC �The US Energy Information Administration has reported that the coastal plain of the Arctic National Wildlife Refuge could contain as much as 16 billion bbl of recoverable oil, much of it economically recoverable. Senate Energy Committee Chairman Frank Murkowski (R-Alas.) had requested the report. He pushed a bill earlier this year to allow ANWR leasing and has inserted the measure in a recent comprehensive energy bill. The Clinton administration strongly opposes ANWR development. The EIA report, using US Geologic Survey data, projected a 95% probability of there being at least 5.7 billion bbl of oil in ANWR, a 5% probability of at least 16 billion bbl, and a mean value of 10.3 billion bbl. It said production could peak at 0.6-1.9 million b/d and could be maintained for more than 30 years. Economics, environment Murkowski said, at current prices, all of the technically recoverable oil found on the coastal plain would be commercially viable to produce. He said the study by EIA, an independent agency within the US Department of Energy, estimated the US has 23 billion bbl of undiscovered, technically recoverable oil in the onshore Lower 48 states. �ANWR could yield more than 16 billion bbl of oil over its lifetime, yet this administration has ignored that resource in favor of begging the Organization of Petroleum Exporting Countries to send us more oil. Their reason has been protecting the environment,� Murkowski said. He said oil exploration would only occur on 1.5 million acres of the 19 million million-acre coastal plain, and development could be limited to 2,000 acres. Murkowski sees no environmental reasons that should preclude ANWR development. He said Alaska already has 192 million acres of parks, refuges, preserves, and conservation areas�including 58 million acres of designated wilderness equal to the size of Pennsylvania, New Jersey, West Virginia, and Maryland combined. �Further, the coastal plain is not an untouched area. It has the village of Kaktovik with 222 residents as well as a number of old radar sites. None of this human habitation has disturbed the caribou or other wildlife,� he said.

    Online Articles

    Online Articles

    Tue, 23 May 2000

  2. Wintershall will appraise an oil discovery in 2013 in the Dutch North Sea to which it attributes 'a potential of at least 30 million bbl recoverable oil with a more than significant upside'

    Wintershall AG will appraise an oil discovery in 2013 in the Dutch North Sea to which it attributes “a potential of at least 30 million bbl recoverable oil with a more than significant upside.”  

    Online Articles

    Online Articles

    Tue, 4 Dec 2012

  3. A group led by Total E&P Norge has made a discovery in the North Sea offshore Norway judged to contain 25 million to 75 million bbl of recoverable oil , plans to drill a second exploratory well nearby

    A group led by Total E&P Norge has made a discovery in the North Sea offshore Norway judged to contain 25 million to 75 million bbl of recoverable oil , plans to drill a second exploratory well nearby, and is evaluating other nearby prospects.  

    Online Articles

    Online Articles

    Mon, 3 Dec 2012

  4. Shell to sidetrack Vicksburg strike in deepwater gulf

    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.

    Online Articles

    Online Articles

    Fri, 5 Jul 2013

  1. North Sea finds linked in 'giant' oil discovery

    Online Articles

    Online Articles

    Tue, 16 Aug 2011

  2. Uganda hits threshold with Giraffe discovery

    Sufficient recoverable oil has been discovered in Uganda's Albert basin to exceed the commercial threshold for development, said Heritage Oil Corp., Calgary.

    Online Articles

    Online Articles

    Tue, 13 Jan 2009

  3. Focus: Unconventional Oil & Gas — USGS to update Bakken formation assessment, Salazar says

    The US Geological Survey will update its 2008 assessment of undiscovered, technically recoverable oil and gas in the US portion of the Bakken formation in North Dakota and Montana, Interior Sec. Ken Salazar announced.

    Magazine Articles

    Magazine Articles

    Mon, 6 Jun 2011

  4. Iraq Kurdistan's Tawke field a larger oil giant

    Consulting engineers have estimated a midrange of 636 million bbl of recoverable oil at Tawke field in the northern part of Iraqi Kurdistan.

    Online Articles

    Online Articles

    Tue, 12 Jul 2011

  5. North Sea finds linked in 'giant' oil discovery

    Statoil Petroleum AS said communication has been established between the Aldous and Avaldsnes oil discoveries, representing a single oil structure with potentially 0.5-1.2 billion bbl of recoverable oil equivalent.

    Magazine Articles

    Magazine Articles

    Mon, 22 Aug 2011

  6. Oil reserves, production forecast for 81 China land frontier basins

    According to the China National Petroleum Assessment (2003-07), there are 81 land frontier basins in China (including Qiangtang, Chuoqin, Hetao) where in-place and recoverable oil resources are 10.06 billion tons and 2.13 billion tons, 13.15% and 10.07% of the nationwide estimated resources, ...

    Magazine Articles

    Magazine Articles

    Mon, 7 Feb 2011

  7. Uganda hits threshold with Giraffe discovery

    Sufficient recoverable oil has been discovered in Uganda’s Albert basin to exceed the commercial threshold for development, said Heritage Oil Corp., Calgary.

    Magazine Articles

    Magazine Articles

    Mon, 16 Feb 2009

  8. Petrobras 'clarifies' BG statement over Tupi, Guara finds

    Brazil's Petroleo Brazileiro SA (Petrobras) has taken exception to earlier claims by BG Group concerning the estimated volumes of recoverable oil equivalent, as well as the capital and production costs of the Tupi and Guara fields in the Santos basin off Brazil.

    Magazine Articles

    Magazine Articles

    Mon, 20 Dec 2010

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