Rolvsnes is a weathered and fractured basement discovery located on the southern side of the Edvard Grieg Field in the North Sea.
Can physics-based predictive analytics outperform a human reservoir engineer?
Lukoil reported March 26 that the well, the fifth of the appraisal phase at the Block 10 field, proved the current geological model of the field as effective.
Eco said the Orinduik Block contained 3.5 billion barrels of recoverable oil and 2.84 trillion cubic feet of associated gas.
Additions in 2018 from continued growth in the Permian Basin and offshore Guyana helped Exxon Mobil replace 313% of the year’s oil and gas production.
The study's findings raise the prospect of future discoveries in the area, which has been left untouched over 50 years of exploration activity in the North Sea, said the university.
Production from Egypt’s Giza and Fayoum gas fields, part of BP’s West Nile Delta Development, will jump to 700 million cubic feet per day (MMcf/d) by April as the country returns to gas export markets, its petroleum minister said on Feb. 11.
Benthic, a global geosciences company, said Feb. 4 it has been awarded a contract by Woodside for an offshore geotechnical investigation in the North Carnarvon Basin, offshore Western Australia.
An estimated 25- to 50 billion barrels of water will be needed for full-field development of Oklahoma’s Scoop, Stack and Merge plays.
Premier Oil’s second appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a huge discovery.