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.
The appraisal well encountered a 175-meters (574-feet) hydrocarbon column and produced around 16 million standard cubic feet of gas and 4,000 barrels per day of oil, Statoil said.
The Halini-Deep-1 discovery is the third discovery in the block following Halini-X-1 in 2011 and Kalabagh-1A in 2015.
The discovery could signal another basin opening in East Africa. The Cheptuket-1 well was the first to test oil potential in the Kerio Valley Basin.
Kosmos Energy said on March 16 it had made a fourth significant gas find in an offshore structure spanning Mauritania and Senegal.
The Maligan well was drilled by the Swedish company's subsidiary, Lundin Malaysia BV, with the West Prospero jack-up rig in Block SB307/SB308. Total depth was about 1,380 m (4,528 ft) and encountered significant gas shows.
Eni’s continued exploration success in Egypt comes amid a downturn that has caused some companies to reduce exploration spending.
The state-owned offshore oil and gas explorer started to drill the Lingshui 18-1-1 exploration well last October in water depths of 1,688 meters (5,538 ft) and a test of the well in December was a success.
The discovery is believed to hold between an estimated 1 and 2 million standard cubic meters of recoverable oil equivalents, according to a news release. The discovery will be considered for development as part of the Oseberg Future Phase 2 project.
Most of the gas discoveries in Tanzania were made in deep-sea offshore blocks south of the country near the site of a planned LNG plant.