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These assets are pivotal to boosting black oil production to a projected 100,000–120,000 bbl/d. High-Quality Rock, Diverse Windows: From oil to condensate to dry gas, the basin offers commodity flexibility. BPX is shifting capital to oilier zones, leaning into favorable pricing dynamics.
July 22, 2025 Norwegian Offshore Directorate Norway’s daily production averaged 1.854 million bbl in June 2024, the Norwegian Offshore Directorate (NOD) reported. Average daily liquids production in June consists of 1.675 million b/o, 174,000 bbl of NGL, and 5,000 bbl of condensate. Oil production in June is 3.1%
Developing and implementing a robust safety and risk management program. Developing and implementing a strategy for managing and reducing carbon emissions. With that in mind, OilPro now offers condensate recovery solutions that do exactly that. What is the purpose of a condensate recovery solution?
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. Under the terms of the Agreement, Veren shareholders will receive 1.05
Management estimates of gas estimated ultimate recovery (EUR) for the State 36-2R well range from 4-6 billion cubic feet (“BCF”) (0.9 BCF/1000 feet (‘) of perforated interval) and between 160,000 and 240,000 barrels of condensate, equivalent to a total range of 0.827 to 1.24 Gross Recoverable Condensate (MMBC) 3.5
Among the most prominent of these discoveries are the West Fewebs-1X well with a production capacity of 6,400 barrels of oil per day (bbl/d) and 25.5 Additionally, 60 recompletion operations were carried out, resulting in an achievement rate of 87% for crude oil and condensates, and 86% for natural gas.
With produced water now available for flooding the Oungre, we have introduced approximately 3,000 bbl/d of injection and were able to suspend a source water well that is expected to save an estimated $250,000 per year in operating costs. GJ to $3.35/GJ. Boe may be misleading, particularly if used in isolation.
Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.
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