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appraisal well
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ExxonMobil to Acquire InterOil in Transaction Worth More Than $2.5 Billion
Sep 28, 2016ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...
Tags: ExxonMobil, InterOil, transaction
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Chevron Lowers 2017 Production Target Slightly, Cuts Capital Spending 25% for 2016
Nov 4, 2015Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
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India's Reliance Reported a 7.9% Year-on-Year Decline in Its Gross Refining Margin
Apr 22, 2014Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% ...
Tags: refining, petrochemical, refined products
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No Further Extensions of Time to Be Granted for 2 Remaining Australian Exploration Permits
Jan 15, 2014Tangiers Petroleum Limited (ASX: TPT; AIM:TPET) (Tangiers) advises that the government have formally indicated that no further extensions of time will be granted for its two remaining Australian exploration permits. Consequently, it is ...
Tags: Tangiers, Australian exploration permits, cancellation
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Gazprom Neft Reported The Successful Completion of Well-Testing at Its BD4 Appraisal Well
Jan 14, 2014Monday, Jan 13, 2014 Gazprom Neft, operator of the Badra oilfield, Iraq, has reported the successful completion of well-testing at its BD4 appraisal well at the end of December, 2013. Potential production capacity was tested through the ...
Tags: Gazprom Neft, IraqV First Oil
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Sound Oil Signed a Intent for The Forthcoming Well Addressing The Nervesa Discovery
Jan 10, 2014Sound Oil, the European / Mediterranean focused upstream oil and gas company, announces that it has signed a Letter of Intent ("LOI") for the forthcoming well addressing the Nervesa discovery on the Carita permit in Northern Italy. As ...
Tags: Sound Oil, Letter of Intent, Nervesa, Carita permit
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Max Petroleum Reports Successful Drilling Results of an Appraisal Well in Sagiz West Field
Jan 2, 2014Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field. The SAGW-8 appraisal well in the Sagiz West field has ...
Tags: Max Petroleum Plc, Kazakhstan, appraisal well, Sagiz West Field
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Strata-X Started Drilling Operations on The Cinco Saus Creek #1 Well Late on December 27
Jan 2, 2014The Directors and management of Strata-X Energy Ltd. (TSX VENTURE:SXE)(ASX:SXA) ("Strata-X" or the "Company") are pleased to announce that the Company started drilling operations on the Cinco Saus Creek #1 well late on December 27 and that ...
Tags: Strata-X Energy Ltd, Cinco Saus Creek#1 well, Maverick Oil Project
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Pacific Rubiales Announced Today The Successful Results of The First Production Tests
Dec 27, 2013Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the successful results of the first production tests in the CPE-6-1X exploration well and the CPE-6-H2 appraisal well, two new wells drilled during ...
Tags: exploration, oil
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Norwegian Directorate Has Granted Lundin Norway AS a Drilling Permit for Well 16/3-8 S
Dec 27, 2013The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/3-8 S, cf. Section 8 of the Resource Management Regulations. Well 16/3-8 S will be drilled from the Bredford Dolphin drilling facility at ...
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Niko Resources Ltd. has Secured $340 Million of Loan Facilities
Dec 27, 2013As separately announced today, Niko Resources Ltd. ("Niko" or the "Company") (TSX:NKO) has secured $340 million of loan facilities, closed its offering of equity securities for net proceeds of approximately $30 million, and executed a ...
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The Appraisal Program on The Recently Discovered Structure in B4EW4 Continues with Another
Dec 27, 2013The appraisal program on the recently discovered structure in Block 4 onshore the Sultanate of Oman (B4EW4) continues with another very successful well. The sixth well (B4EW4-6) on the structure, flows in excess of 3,000 BOPD on a 34/64 ...
Tags: appraisal well, oil
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Lundin Petroleum AB Has Completed The Drilling of Appraisal Well 16/5-5 in PL410
Dec 25, 2013Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has completed the drilling of appraisal well 16/5-5 in PL410. The well targeted a possible southern extension of the Luno II discovery. The main ...
Tags: oil, drilling rig
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Lundin Norway AS Has Completed Drilling of Wildcat Well 16/5-5
Dec 24, 2013Lundin Norway AS, operator of production licence 410, has completed drilling of wildcat well 16/5-5. The well was dry. The well was drilled about 20 kilometres south of the Edvard Grieg field in the central part of the North Sea. The ...
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Paon-2A Appraisal Well Has Determined The Down-DIP Extent of The Paon Oil Accumulation
Dec 20, 2013Tullow Oil plc(Tullow)announces that the Paon-2A appraisal well in the CI-103 licence offshore Côte d'Ivoire has determined the down-dip extent of the Paon oil accumulation.The well encountered the water below the oil accumulation ...
