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Pakistan Strikes Critical Win With Oil, Gas Wildcat Discovery

OilPrice

million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation. Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis.

Gas
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New Energy Discovery Could Help Pakistan Cut Costly Fuel Imports

OilPrice

Drilling operations reached a final depth of 3,887 meters and yielded 2,112 barrels per day of condensate and 22.08 million standard cubic feet of gas per day (MMSCFD), according to a filing by POL. POL holds a 25% working interest in the block, while OGDCL has a 27.763% stake.

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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap

OilPrice

According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S. oil majors are holding the better hand in the world of E&P. And the reason is simple: they’ve got the Permian, and Europe doesn’t. Lower 48 has hit an all-time high of 11.3 million barrels per day, but is on the cusp of peaking.

E&P
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New Baltic Find Could Be Poland’s Largest Oil Discovery Ever

OilPrice

Preliminary assessments suggest the well contains an estimated 22 million tonnes of recoverable crude oil and condensate, along with 5 billion… The discovery was made at the Wolin East 1 (WE1) well, located roughly 6 kilometers from the port city of Swinoujscie in northwestern Poland.

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Angola's First Major Gas Discovery Could Anchor Its $150 Billion Strategy

OilPrice

(NYSE:E) and a group of Angolan companies successfully drilled the country's first dedicated gas exploration well in the Lower Congo Basin, with preliminary estimates suggesting the reserve holds more than 1 trillion cubic feet of natural gas and up to 100 million barrels of condensates.

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Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

OilPrice

Var Energi has made a commercial gas and condensate discovery near its Fenja oilfield in the Norwegian Sea and could develop it as a tie-in to the producing field, the Norwegian oil company said on Monday.

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OPEC Tensions Build as Kazakhstan's Oil Production Hits All-Time High

OilPrice

Total oil and condensate production rose to 2.15 This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the group’s core members—especially Saudi Arabia. million bpd in June, up from 2.02 million in May. Most of the increase came from Tengiz—the…