Husky Energy is having success with the drillbit, recently making two discoveries—one in the Atlantic region offshore Newfoundland, Canada, and another in the South China Sea.
The company said May 3 that exploratory well SWM A-2X, located in the South West Meleiha license, encountered 18 m (59 ft) of light oil in the Paleozoic sandstones of Dessouky Formation of Carboniferous age.
Major discoveries have been announced in the past few months. Can this success persist?
OMV has discovered gas and condensate in its HP/HT well located in the Norwegian Sea, the company reported on April 4.
The Timimoun production complex has a capacity at plateau of around 5 MMcf/d of natural gas, or around 30,000 boe/d, the French oil major says.
The company said it has increased the gross resource range for the discovery to between 40 million barrels of oil equivalent (MMboe) and 100 MMboe from the previous 30 MMboe to 80 MMboe, following the positive well results.
Recoverable resource from the discovery is expected to exceed 10 million barrels of light oil, which is at the high end of predrill estimates, Apache said in a news release March 23.
Drilled to a total depth of 1,304 m (4,278 ft), the well encountered 5.2 m (17 ft) of net conventional natural gas pay across two zones in the Guebbas and Hoot formations with an average porosity in the pay section of 33%.
ExxonMobil encountered about 20 m (65 ft) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,597 m (18,363 ft) depth in 2,067 m (6,781 ft) of water. Drilling commenced Jan. 29.
Oil and gas were encountered in the deeper part of the Megiddo-Jezreel #1 well, Zion CEO Victor G. Carrillo said.