Statoil this morning confirmed a UK North Sea discovery.
Statoil this morning confirmed a new gas discovery in the Barents Sea.
Statoil was today celebrating after its wildcat made an oil and gas discovery.
Total has made a North Sea gas discovery, according to the Norwegian Petroleum Directorate.
Wintershall has made North Sea oil discovery, the Norwegian Petroleum Directorate (NPD) today confirmed.
The Norwegian Petroleum Directorate (NPD) today confirmed Faroe Petroleum's latest oil find.
Eni said it has successfully preformed a production test on the first appraisal well of its Zohr discovery.
UK Oil & Gas said it has had significant flow rates from its Horse Hill discovery.
Woodside Petroleum said it has discovered gas at its second well off Myanmar on the opposite side of the offshore Rakhine Basin where it gas in January.
Norwegian operator Statoil is said to be investing NOK1billion in the Snohvit Nord discovery in the Barents Sea.
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
Apache’s further oil discoveries in the North Sea are a real “morale boost” for the sector, according to the chief executive of Oil & Gas UK. Deirdre Michie spoke to Energy Voice on the back of last month’s announcement of up to 70million barrels of recoverable oil in the North Sea. US-based Apache Corporation announced finds on two exploration wells in the Beryl area and a “large” discovery at its Seagull prospect about 50 miles south of its huge Forties Field.
AWE Limited has commenced flow testing of the second zone in the Waitsia-1 well in Western Australia. The company said it will help further appraise the conventional Waitsia gas discovery in the onshore Perth Basin. The testing program is designed to determine well deliverability from two conventional reservoir zones and to collect gas samples for compositional analysis.
Lundin Petroleum has made a small gas discovery offshore Malaysia. The company said its subsidiary, Lundin Malaysia, made the find from the Mengkuang-1 exploration well in license PM307. The well had been targeting hydrocarbons in Miocene-aged sands 75km to the northwest of the Bertam field operated by Lundin Malaysia.
Centrica Energy Norway and its partners will develop the Butch discovery in the North Sea as a subsea tie-in to the Ula field. Several options had been evaluated for the field which was discovered four years ago in the Norwegian part of the North Sea. Two options – a tie-in or standalone production jack-up solution – were assessed for the site which has estimated recoverable reserves of between 27million and 51 million barrels of oil equivalent.
Freeport-McMoRan Oil & Gas has made an oil find in the Gulf of Mexico. The company said initial production from the Horn Mountain Deep well is expected in the first half of 2017. The well alongside two follow-on development wells in the region may be capable of producing up to 30,000 barrels of oil equivalent per day.
Statoil has made a gas discovery in the Julius prospect in the North Sea alongside its partner Total of between 15 and 75 million barrels of recoverable oil. Well 2/4-23S was drilled by the Maersk Gallant in the King Lear area and proved gas and condensate in the Ula formation. The Norwegian operator said the well was aimed at appraising the King Lear gas and condensate discovery made by the PL146/PL333 partnership in 2012.
GDF Suez said a gas discovery has been made in Algeria. The discovery was made alongside partners including Repsol, Enel and Sonatrach in the Illizi basin. The French company currently holds a 20% licence in the development.
Early figures from research company IHS have shown discoveries of oil and gas reserves dropped to their lowest level in at least two decades in 2014. The preliminary numbers suggest the volume of oil and gas found was the lowest since around 1995, not including shale and other reserves onshore in North America. It has been estimated that new finds of oil and gas will have been around 16billion barrels of oil equivalent last year.
Statoil has completed its exploration programme in the Barents Sea, completing 10% of all exploration wells drilled in the Barents Sea. The exploration well, between 2013 and 2014, started with five wells in the vicinity of Johan Castberg. These wells were critical, Statoil said, in clarifying the oil potential in the area in order to plans for the Johan Castberg field.
Oil major Chevron has made a new oil discovery in the Gulf of Mexico. The company said a significant oil pay had been made at the Keathley Canyon Block 10 in the Guadalupe prospect.
President Energy has made it first oil discovery in the Lapacho well at the Pirity Concession in Paraguay. The company, which has a 65% interest in the asset, said tests will now be carried out to confirm the discovery of the conventional light oil.
Scottish oil firm Cairn Energy has discovered oil and its FAN-1 exploration well in Senegal, the company has announced. The well, which is 100 kilmoetres offshore in the Sangomar Deep block and was targeting multiple stacked deepwater fans.