Saturn Minerals Inc. received permit, license to drill first Bannock Creek conventional light oil well. Well’s location was found during 2-D seismic program in Red River, Winnipeg and Deadwood formations.
Japan’s state-backed E&P Inpex Corp. joined Total SA in developing the main onshore oil deposits in United Arab Emirates, Bloomberg said.
Abu Dhabi holds about 6% of global oil reserves.
The Kenli 10-1 oil field, offshore China in the south of Bohai, began production. Its main production facilities include one central processing platform, two wellhead platforms and 70 producing wells.
The quarter ended March 31. RMP Energy used slickwater fracks recently, on five horizontal wells at the Waskahigan and Grizzly areas in the Montney Formation.
Participating companies must have made discoveries in the Barents Sea and/or have two or more operated licenses north of 73 degrees north. The project will begin immediately.
A Chevron Corp. unit will start on May 9 to shut oil fields Saudi Arabia is developing jointly with Kuwait after parties failed to resolve differences to keep the project running.
In January Eni signed a new concession agreement to operate in the Melehia Southwest Block, where exploration and other activities will begin later this year.
Santos drilled 16 wells in the GLNG acreage during the first quarter, which included 15 development wells in Roma and one appraisal well in Fairview, while 39 wells were completed as producers.
Valemon is a new Norwegian Continental Shelf project, said Arne Sigve Nylund, executive vice president--Development & Production Norway. There is a high-pressure/high-temperature reservoir. Expected recoverable reserves are 192 MMboe.
The aim is to start production from the field via the geostationary FPSO unit in late summer this year, Dalan added. Currently, two wells are being drilled; five wells have already been drilled and completed.
The SNE-1 and FAN-1 wells were the first deepwater wells drilled offshore Senegal in 26 years. They discovered oil and yielded key data for updating predrill geological models.
Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.