Canada’s abundant oil reserves make it a promising place for investment, but political hurdles and expansion issues must be addressed to fully tap into its potential.
Prospex’s wholly-owned subsidiary PXOG Massey Ltd. holds a 50% non-operated interest in the 980 sq km (378 sq miles) Concession.
Seismic is not always a standalone tool in stratigraphic traps.
Horseshoe, located south of the Pikka Unit Nanushuk development, could hold another 300 MMbbl or more, the company says.
Energy company Wintershall is producing less than 10,000 barrels of oil per day (bbl/d) in Libya compared with 60,000 bbl/d earlier this year, a senior executive said on Aug. 28.
Lundin has increased its resource estimates to between 14 million and 78 million barrels of oil equivalents (MMboe) from a previous interval of 3 MMboe to 16 MMboe, the company added.
Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland, the company said Aug. 23.
Frontera Energy Corporation on Aug. 17 announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing.
Both wells are 4,600 foot laterals in the Bethany-Longstreet field in DeSoto Parish, Louisiana.
SDX Energy Inc. said its SD-3X appraisal well at South Disouq, Egypt, produced 12.02 million standard cubic feet (MMscf) of conventional natural gas during testing.