Remove Barrel Remove Field Remove Oil In Place
article thumbnail

BW Energy announces substantial oil discovery at Bourdon field offshore Gabon

Oilfield Technology

BW Energy is pleased to announce that second sidetrack DBM-1 ST2 well has confirmed the substantial oil discovery with good reservoir and fluid quality of the Bourdon prospect in the Dussafu Licence offshore Gabon, announced on 7 March 2025.

article thumbnail

ExxonMobil CEO Darren Woods on Doubling Recovery Rates and the Future of Fracking

Oil Gas Leads

oil and gas production, but its far from perfect. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs. Technology is the Differentiator ExxonMobil is placing a major strategic emphasis on R&D and data-driven solutions in shale development.