Petrobras’ recent drillstem test yielded positive results due to the company’s application of real-time data to enable quick decision-making, Brazil’ state-owned company said in a statement.
A new discovery in the Hassi Rmel gas field in Algeria will grow the country's already increasing role as a key gas supplier for Italy, Spain and other southern European countries, according to Sonatrach.
Production to Johan Castberg FPSO set to begin in 2024; newer finds could be added later to keep the unit at capacity.
Privately owned Western Gas had called it "one of the most anticipated exploration wells on the North West Shelf in many years".
"There are multi-billion barrels remaining on top of" the 11 billion barrels found so far, Hess CEO John Hess said.
The discovery includes 500 million barrels of oil from an exploration well in the field.
The joint venture is expected to be the next consortium in moving oil exploration projects in Guyana to the development phase if discoveries are declared commercial.
Energean made a new 8 Bcm natural gas discovery off the coast of Israel in its Athena exploration well. The company previously thought the discovery would yield 21 Bcm, however.
The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
Eni also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.