The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.
The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.
The new contract will have a duration of 25 years and is the first contract under the hydrocarbon law 05-07 for an oilfield in production.
Strong gas flows on test have confirmed a significant commercial discovery for Australia’s Po Valley Energy Limited at its new Selva gas field in northern Italy.
The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.
The 2018 Cameroon Licensing Round opened on 15 January 2018 and will close on 29 June 2018.
The awarded licences include four operatorships and production opportunities in Norway and the UK.
Beach Energy Ltd has announced a new gas field discovery at Haselgrove-3 ST1 in the onshore Otway Basin, South Australia.
The vessel WG Columbus acquired the seismic data during the period from 22 August to 23 September.
Further to the Company's announcement on 4 October 2017, Petro Matad, the AIM quoted Mongolian oil explorer is pleased to provide an update on its 3D seismic acquisition programme.
This announcement follows the Delek Group's Immediate Report dated December 24, 2017.
BGS Group hosts the Exploration and Production Offshore Congress Hub in March 5 - 6, 2018 in Rome, Italy.
Petroleum Commissioner visits site.
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on Nov. 5, 2017 and encountered approximately 230 ft (70 m) of high-quality, oil-bearing carbonate reservoir.
On 4 January, the Trump administration proposed to make nearly all offshore areas in the United States available for oil and gas exploration drilling.