article thumbnail

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.

article thumbnail

Equinor Makes Oil Discovery At Massive Arctic Field

OilPrice

Equinor, whose Johan Castberg field has recently reached peak production, has struck oil in exploration well Drivis Tubåen, the Norwegian energy major said on Monday. The well was drilled on the Johan Castberg field and the size of the discovery is estimated at 9-15 million barrels of oil, according to preliminary evaluations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

OMV Petrom, NewMed Energy to Drill Another Exploration Well in Bulgaria’s Black Sea

Offshore Engineer

OMV Petrom and NewMed Energy, the partners in the Bulgaria's Han Asparuh offshore block in the Black Sea, have reached the decision to drill an exploration well in the Krum Prospect…

article thumbnail

Var Energi Makes Gas Discovery Near Norwegian Sea Oilfield

OilPrice

Var Energi, which holds 75% and is the operator of the exploration license, has made the gas and condensate discovery in the Vidsyn exploration well, confirming discovered recoverable resources in the range of 25 to 40 million barrels of oil equivalent (boe).

article thumbnail

BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Adriano Mongini, CEO of Azule Energy, commented: “This is a landmark moment for gas exploration in Angola.

article thumbnail

BP-Eni Joint Venture Finds Gas Offshore Angola

Offshore Engineer

Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 exploration well, located offshore in the Lower Congo Basin, Republic of Angola…

article thumbnail

OKEA Spuds Exploration Well in North Sea

Offshore Engineer

Norwegian oil and gas company OKEA has spudded an exploration well at the Brage field in the North Sea, offshore Norway, as part of the three-well drilling campaign…