A stabilized gas flow rate of 17 MMscf/d was reached on Aug. 7, the company said, noting the results “represents a highly commercial rate.”

Shell, Gulf of Mexico, deepwater, divestment, Ben van Beurden, Fort Sumter

News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.

A sidetrack appraisal well on the Brasse discovery in the Norwegian North Sea has encountered a 25-meter (m) gross oil column and a 6-m gross gas column, Faroe Petroleum said in a news release.

ExxonMobil, Hess, Liza, oil, discovery, offshore, Guyana

Drilled to 5,475 m in 1,692 m of water, the Liza-2 well encountered more than 58 m of oil-bearing sandstone reservoirs in Upper Cretaceous formations.

Sonangol said Block 20/11 held an estimated 313 MMbbl  of condensate and 2.8 trillion cubic feet of gas, Reuters reported.

During testing, the well flowed oil and gas in Lockhart-1 formation at a rate of 2,020 barrels of oil per day and 5.4 million standard cubic feet per day, respectively.

The well encountered about 18 m of gross gas-bearing and about 21 m of gross oil-bearing Jurassic reservoir, Faroe Petroleum said in a news release.

The new discovery "further confirms the significant potential of the so called Great Nooros Area, which is now estimated to hold 70 to 80 billion cubic meters of gas in place," Eni said in a statement.

SapuraKencana Petroleum Bhd, Malaysia's biggest oil and gas services company by market value, on May 31 announced two natural gas discoveries offshore East Malaysia.

Aramco, the world’s largest oil company, which is preparing a stock market listing to sell a small portion of its shares, has discovered three new oil fields, it said in the report. They are Faskar, offshore in the Arabian Gulf near the Berri field; Janab, east of the Ghawar field; and Maqam, in the eastern Rub'al-Khali.

Although the oil is not in commercial quantities, the Sri Trang-1 discovery has validated the hydrocarbon prospectivity of the Northern Kra Basin, Tap Oil said in the release.

The well was completed as a producer in the Shagar formation and flowed on a test light 43.6 degree API oil at an average rate of 1,714 bbl/d with 3.062 MMscf/d of associated gas, according to a news release.

Pages