The neoBASIN study evaluated a 6,000-square mile area in Lebanon’s onshore northern half and in the transition zone along Mediterranean coast. Only seven wells have ever been drilled in Lebanon. 

The well is the first in the company’s two-well exploration program in the Bomono permit area. The well, which was drilled to a total depth of 1,720 m, is being suspended as planned to enable future reentry, Bowleven said.

Statoil estimates the volumes in Julius to be between 15 and 75 million barrels of recoverable oil equivalent, the company said in a news release.

Guyana flag

The Guyana discovery would be on par with the combined size of a cluster of three reservoirs Exxon found in the Gulf of Mexico between 2009 and 2011, Bloomberg said.

There could be 15Bcm of natural gas at 3,600m deep in Western Abu Madi, 120km northeast of Alexandria, where Eni holds 75% percent exploration rights through Egyptian subsidiary, Reuters said. 

The well, drilled to a total depth of 2,788 m, is located about 800 m from the MB-2 and MB-3 wells in the Mnazi Bay gas field. 

Results confirmed the reservoir model and proved the presence of hydrocarbon columns and fluid contacts similar to those of the Alta discovery well, located 10 to 20 km northeast of Lundin Petroleum’s Gohta discovery in Barents Sea South, a news release said.

Pemex discovered four new shallow-water fields in the Gulf of Mexico, CEO Emilio Lozoya said, according to Bloomberg. They could produce 200Mbbl/d of oil and 170MMcf/d of natural gas. 

The well 6706/11-2, drilled by the Transocean Spitsbergen rig in the Gymir prospect, proved a gross 70-m gas column in the Nise Formation with good reservoir qualities, the company said in a news release. 

Formally known as Well 3 SES 189, this was the third well drilled in the Poço Verde area. The well is 23.5km from the discovery well in 2.479m of water.

The company said it expects recovery from the Ewing Banks 910 A-5 ST well to exceed pre-drill estimates, and the well could be online and flowing by the end of the second quarter.

The quality of the crude at Isobel Deep, Premier’s second exploration well this year off the Falklands, is similar to that at Sea Lion.