![E&P International Highlights](/sites/default/files/styles/hart_news_article_image_640/public/image/2021/09/ep-international-highlights-9-17.jpg?itok=-A5mjykv)
Presented by:
Editor's note: This article appears in the new E&P newsletter. Subscribe to the E&P newsletter here.
View more highlights at Hart Energy's Drilling Activity database.
1 US
Kosmos Energy has announced an oil discovery at the Winterfell infrastructure exploration well. The #1-Winterfell hit 85 ft of net pay in Upper Miocene. The 23,000-ft venture is in Green Canyon Block 944. Area water depth is about 5,300 ft. Kosmos will work with partners on an appraisal plan and development options. The company also plans to drill the Zora ILX well in the Gulf of Mexico later in 2021.
2 Brazil
In the Campos Basin, Petrobras completed a hydrocarbon discovery in Block C-M-411. The #1-BRSA-1377-RJS (Urissane) was drilled in approximately 2,950 m of water, and it encountered oil in the presalt section of the reservoirs. Additional testing in the area is planned to assess the potential of the discovery. Petrobras is the operator of the block and holds a 50% interest, in partnership with Exxon Mobil holding 50%.
3 Saudi Arabia
State oil company Saudi Aramco announced two new oil and gas fields in northern Saudi Arabia. According to the company, the new Abraq al-Toloul oil field in the Northern Borders Province flowed at a rate of 3,189 bbl/d of Arab light crude oil, with 3.5 MMcf/d of gas. Hadabat al Hajara gas field in the neighboring al-Jauf Province has a production rate of 16 MMcf/d of gas, along with 1,944 bbl of oil condensate. Aramco plans to estimate the total amount of oil and gas in the two fields and is drilling more wells to determine the boundary areas and capacities.
Recommended Reading
Oil Prices Fall as Investors Take Stock of Biden Exit, Rate Cuts in Focus
2024-07-22 - Oil prices fell on July 22 after Joe Biden announced he would not seek a second term as U.S. president.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
2024-08-21 - U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
Paisie: OPEC+ Will Be Able to Manage Prices
2024-07-11 - Disappointing economic news has contributed to a drop in oil prices.
Paisie: Oil Demand to Rise 1.2 MMbbl/d in Second Half
2024-07-28 - WTI’s price is expected to stay in the low $80s/bbl.
Oil Prices Ease on Strong Dollar, Mixed Global Economic News
2024-06-21 - Crude prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.