A 12-m interval of the well was tested at a flow rate of 17.1 million standard cubic feet of gas per day and 8,780 barrels of oil per day, New Age said.

Novatek said the field has estimated reserves of more than 320 billion cubic meters (Bcm) of natural gas under Russian reserve classification, and its total resources at the drilled well area are estimated at more than 900 Bcm of natural gas.

Pemex, whose oil and gas output has been declining since 2004, said light and heavy crudes were found in seven reservoirs along the Mulach and Manik fields in the southern GoM, close to existing infrastructure for production and transportation.

In the midst of exploration success in the Gulf of Mexico, W&T said an undisclosed buyer agreed to purchase its overriding royalty interests in the Permian Basin for $56.8 million.

Eni has made a gas discovery in the Egyptian Obayed concession in the Egyptian Western Desert, the Italian major said Aug. 30.

Hammerhead-1, which is located about 21 km (13 miles) southwest of the Liza-1 well, hit about 60 m (197 ft) of high-quality, oil-bearing sandstone reservoir, the company says.

GulfSlope Energy Inc. said it encountered oil sands while drilling the northwest center of Vermilion Block 378, also known as the Canoe Shallow Prospect, in the Gulf of Mexico.

The company discovered two new oil fields, Sakab and Zumul, and a gas reservoir in the Sahba Field, Aramco said in the report.

The Eridal-1 well encountered an estimated 13.6 m (44.6 ft) of net oil-bearing reservoir sandstones in the E1 reservoir, the company said in a news release.

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.

Echo Energy Plc said July 9 it has successfully completed the drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite.

The Kalimba-1 NFW well, located about 50 km southeast of the Armada Olombendo FPSO, proved 23 meters net of high-quality (33° API) oil pay in Upper Miocene sandstones with excellent petrophysical properties, Eni said.

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