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ONGC makes new oil discoveries category
Sept. 7, 2018

ONGC makes new oil discoveries

Indian oil major, ONGC made new oil discoveries in the states of West Bengal and Madhya Pradesh, which might pave path to two new sedimentary basins in India. The E&P giant discovered gas deposits in a block in Vindhyan basin in Madhya Pradesh. The second discovery has been made in Ashok Nagar of 24 Parganas district in West Bengal. The deposits are currently being tested.

Hess again discovers oil offshore Guyana category
Aug. 31, 2018
Source: Oil Voice

Hess again discovers oil offshore Guyana

Hess Corporation, yesterday, informed about its ninth oil discovery in Guyana. Oil was discovered in the Hammerhead-1 well, offshore Guyana. This is fifth in the line of oil discoveries made by Hess in the past year. High-quality, oil-bearing sandstone reservoir was encountered in the Hammerhead-1 well at 60 meters of drilling. The well was then carefully bored till 4,225 meters depth.

Eni’s new oil find in Egypt category
July 14, 2018

Eni’s new oil find in Egypt

Italian oil firm, Eni yesterday announced the discovery of second light oil in the Egyptian Western Desert. The well has, until now, delivered 5,130 barrels of oil per day of light oil with low associated gas. Eni is now planning to drill other exploratory prospects located nearby which might lead to a new productive area for the oil major in Egypt.

World’s richest oil reserve located in Saudi Arabia category
June 28, 2018
Source: Al Arabiya

World’s richest oil reserve located in Saudi Arabia

In a recent Saudi geological study, the existence of the richest oil reserve in the world at a geographical spot in Saudi Arabia has been unveiled, according to Professor Abdul Aziz bin Laboun, a former oil adviser at Aramco. Oil reserves in this spot are estimated to be around 440 billion barrels. This is a tremendously high figure for a narrow geographical spot.

Eni discovers new oil, offshore Angola category
June 26, 2018
Source: World Oil

Eni discovers new oil, offshore Angola

Italian oil major, Eni has reported new oil discovery in the Kalimba exploration prospect, offshore Angola. The new discovery is projected to contain somewhere around 230 and 300 MMbbl. This discovery in the Southern part of Block 15/06 has opened the portal to new opportunities for oil exploration in the area, which was, until now, though to be mainly gas prone.

Pakistan in top 5 countries to discover oil and gas category
June 20, 2018
Source: Daily News

Pakistan in top 5 countries to discover oil and gas

Pakistan owns recoverable deposits of approximately 105 trillion cubic feet (TCF) of gas and 9.1 billion barrels of oil, as estimated by US Energy Information Administration (EIA). The third and fourth quarter of 2017 saw major oil and gas discoveries for this Asian country, placing it into the list of top 5 countries with most discoveries in the year. Russia led with 10 discoveries, followed by Australia and Colombia.

Eni announces oil discovery in Egypt's Faghur basin category
May 4, 2018
Source: World Oil

Eni announces oil discovery in Egypt's Faghur basin

Eni, the Italian oil major has reported an oil discovery in the Faghur basin located in the Egyptian Western Desert. It will the first well drilled by Eni for exploring the deep geological sequences of the Faghur basin. The well has been opened to production and delivered 2,300 bpd of light oil (32° API) and 0.4 MMscfd of associated gas.

ExxonMobil announced 7th oil discovery off shore Guyana category
March 1, 2018
Source: World Oil

ExxonMobil announced 7th oil discovery off shore Guyana

Encountering approx. 20 m of high quality, oil bearing sandstone reservoir, ExxonMobil Corp, has announced its seventh oil discovery offshore Guyana. Drilling commenced on Jan. 29, 2018. President of ExxonMobil Exploration Company, Steve Greenlee said that this discovery would further increase their confidence in developing this key area of the Stabroek Block.

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