The partners said they intend to submit a proposed outline of the development plan for reservoir to the government of Cyprus.
Independent assessment of Horse Hill well has estimated there could be about 271 million barrels of oil per square mile. The prior estimate in April of 158 million, Bloomberg said.
The well encountered oil in a 173-m gross reservoir interval which is interpreted to be Triassic-age Lunde Formation with low reservoir quality and poor production characteristics, according to a news release.
During the current campaign, the Qugruk 8 (Q-8) well flowed 30 degree API gravity crude at rates of up to 2,160 barrels of oil per day (bbl/d), and the Qugruk 301 (Q-301) horizontal well yielded rates as high as 4,600 bbl/d, Repsol said in the release.
The Melbourne-based junior’s profile was raised recently with the first offshore Senegal discovery in 20 years. Managing Director Cath Norman explains the significance of the discovery and where the company can go from here.
Well 7324/8-2was drilled about 6 km southeast of oil discovery 7324/8-1 "Wisting" in the Barents Sea. The well is also 310 km north of Hammerfest.
AWE could commercialize new sources of gas in Western Australia’s Perth Basin by mid next year after discovering an estimated 149 billion cubic feet of gas at the Irwin and Synaphea structures.
JIP research focuses on deepwater sampling systems, subsea sensors and subsea clamp-on meters.
Test results confirmed two 24 m-thick light oil intervals in good-porosity reservoirs. Well 3-BRSA-1296-SES is third extension well in Moita Bonita area, discovered August 2012.
Weatherford’s OmniWel in-well optical production and reservoir monitoring systems will combine with OptaSense’s DAS technology to improve reservoir management/ EUR. Technologies include DAS-VSP vertical seismic profiling, DAS-HFP hydraulic fracture monitoring.