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Production from Al-Khafji field will be less than 50% of the field’s initial production capacity.
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
The company says the Mowry and Niobrara shale plays have increased its estimated resource potential in the basin to more than 2 billion barrels of oil equivalent.
A Barnett Shale case study demonstrated the value of estimating dynamic Biot’s coefficient from well logs using rock physics.
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Drilling successes in first-half 2018 continue to prove new plays, and there’s more to play for in the second half as explorers break more new ground.
KAPSARC study finds the cartel has the ability (at least in theory) to stabilize the price of oil.
The company has identified prospects offshore Guyana, Suriname, Namibia and Mauritania among others.