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Exploration

 
 
 

Otto Energy provides update on Mustang well

No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.

 
 
 
 
 
 

TGS to start 3D project offshore Argentina in 3Q19

The survey will employ one Shearwater vessel and cover approximately 7300 km2 of the highly prospective Malvinas Basin, with operations set to commence in 4Q19 and run until 2Q20.

 

Hess makes oil discovery in Gulf of Mexico

Esox-1 was drilled in 4609 ft (1405 m) of water and encountered approximately 191 net ft (58 m) of high quality oil bearing Miocene reservoirs.