Reach Energy Berhad said Dec. 3 that its exploration well, North Kariman-3 located in the North Kariman Field in the onshore Emir Oil Concession Block in Kazakhstan, has yielded positive results during the initial testing phase.
The Pluma-1 well, which was drilled by the Noble Tom Madden drillship, hit about 37 m (121 ft) of high-quality hydrocarbon-bearing sandstone reservoir.
U.S. shale operators have become more efficient, but there is still room for improvement, an energy consulting firm says.
Cairn Energy has made an oil discovery at the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the U.K. North Sea, the company said on Nov. 15.
Total (NYSE: TOT) and Abu Dhabi National Oil Co. (ADNOC) have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play, Total said on Nov. 12.
The Philippines is ready with two joint oil and gas exploration agreements to be signed with China, its energy minister said on Nov. 7, and reiterated his position calling for the lifting of the ban on drilling works in a disputed area in South China Sea.
French oil giant Total (NYSE: TOT) and its partners Austria’s OMV and Spain’s Repsol have started drilling a third well in a block off the Bulgarian coast in the Black Sea, Total’s Bulgarian business said on Nov. 7.
The Skruis exploration well, drilled about 8 km, north of the original discovery, indicated a volume of between 12 million and 25 million barrels (MMbbl) of recoverable oil.
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.