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Describing the find as “truly incredible,” junior joint venture partner Carnarvon said on Aug. 8 more oil had been found in the Dorado-1 well with the thickness of the oil column now measured at 132 m (433 ft). That was up from the 80 m (262 ft) indicated in a drilling update in July.
The Yucatan field, which is located in deep waters about 175 miles south of Louisiana, contains an estimated 49 million barrels (MMbbl) of oil, up from a previous estimation of 15 MMbbl, the company said.
Updated calculations now show a resource estimate of between 40 million and 90 million barrels of recoverable oil equivalents (MMboe) of gas and condensate, while the previous projection was for 23 million to 94 million barrels.
The assessment put the region among the top five largest continuous resources for oil and gas in the U.S.
Echo Energy plc said May 18 it has successfully completed the drilling of the ELM-1004 exploration well at the company’s Fracción C asset, onshore Argentina and a gas discovery for the first well in its four well exploration campaign.
BW Offshore said May 14 that it has successfully drilled and completed the DTM-3 appraisal well located at the Tortue field, within the Dussafu license, offshore Gabon.
New developments in geoscience and regional understanding can help reduce risk.
Frontera Resources Corp. on April 19 announced the successful completion of drilling operations at the Dino-2 well, the second of the three-well drilling campaign at the company’s Taribani complex on Block 12 in Georgia.
Independent appraisals by U.S.-based oil consultants DeGolyer and MacNaughton and oilfield services company Halliburton had confirmed Bahrain’s find of “highly significant quantities of oil in place ... with tight oil amounting to at least 80 billion barrels, and deep gas reserves in the region of 10-20 trillion cubic feet,” Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said.
Talos Energy is growing production at the Phoenix Field in the U.S. Gulf of Mexico’s Green Canyon area, with the Tornado II deepwater well flowing more than 12,350 barrels of oil equivalent per day (boe/d) during a two-week test in December 2017.
Lundin Petroleum AB said on Jan. 10 that its wholly owned subsidiary Lundin Norway AS has completed the drilling of the Hurri exploration well.
AWE said on Dec. 19 Waitsia holds 820 petajoules (PJ) of proved and probable reserves, up from the previous estimate of 811 PJ as some contingent reserves have been reclassified. The estimate has been raised 80% since June after the company drilled new wells.