Oil firm Apache said yesterday it had reached a major milestone toward the installation of a satellite production platform that would help to extend the life of the UK North Sea Forties field by nearly 20 years.
net oil pay
AIM-listed Afren has reported that operator Hunt Oil has made a significant oil discovery in the Kurdistan region of northern Iraq with its Simrit-2 exploration well drilled on the Ain Sifni block.
London-listed Oil junion Afren's Okoro East exploration well, offshore southeast Nigeria has come up trumps having encountered 169m (549ft) true vertical thickness (TVT) of net oil pay and 12.5m (41ft) of net gas pay in excellent quality reservoir sands
Oil and gas firm Antrim Energy said today it had found 50 feet of gross hydrocarbon pay on its central North Sea Erne prospect.
SHARES in North Sea energy firm Nautical Petroleum were up more than 15% yesterday after the company made an "excellent start" to appraisal activity at its Kraken field.
Shares in Nautical Petroleum were sent soaring nearly 40% yesterday after it said it had found a substantial column of oil in a sidetrack well drilled on the Kraken field.
TULLOW Oil said yesterday it had made a significant oil find with its Owo-1 exploration well offshore Ghana.
Nexen said yesterday it had made the largest oil find in the UK North Sea since the giant Buzzard field was discovered in 2001.
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
FOOTSIE-100 listed Tullow Oil has scored with its Ngege-1 exploration well drilled in Uganda's Lake Albert Rift Basin, encountering both oil and gas.