Drilling & production - 31 January 2018

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.

At least one well will be drilled to follow-up and appraise the Verbier oil discovery this year.