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  1. ExxonMobil announces new oil discoveries offshore Guyana

    ExxonMobil announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery. “This important discovery further establishes the area as a significant exploration province,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We look forward to working with the government and our co-venturers to continue evaluating broader exploration potential on the block and the greater Liza area .” The well was drilled by ExxonMobil affiliate Esso Exploration and Production Guyana Limited, and encountered more than 95 feet (29 meters) of high-quality, oil-bearing sandstone reservoirs. It was safely drilled to 18,080 feet (5,512 meters) in 6,660 feet (2,030 meters) of water. The Payara field discovery is about 10 miles (16 km) northwest of the 2015 Liza discovery. In addition to the Payara discovery, appraisal drilling at Liza-3 has identified an additional high quality, deeper reservoir directly below the Liza field, which is estimated to contain between 100-150 million oil equivalent barrels. This additional resource is currently being evaluated for development in conjunction with the world-class Liza discovery. “These latest exploration successes are examples of ExxonMobil’s technological capabilities in ultra-deepwater environments, which will enable effective development of the resource for the benefit of the people of Guyana and our shareholders,” Greenlee said. Drilling on Payara began on Nov. 12 with initial total depth reached on Dec. 2. Two sidetracks have been drilled to rapidly evaluate the discovery, and a well test is underway to further evaluate the successful well results. The well data will be analyzed in the coming months to better determine the full resource potential. The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

    Online Articles

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    Fri, 13 Jan 2017

  2. Hess makes new oil discovery offshore Guyana

    Hess Corp. noted positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. ConocoPhillips Alaska makes oil discovery in NPR-A

    ConocoPhillips Alaska Inc. reported making an oil discovery in the Greater Mooses Tooth (GMT) Unit in the northeast section of the National Petroleum Reserve-Alaska (NPR-A).

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  4. Tullow makes Erut-1 oil discovery in Kenya

    The Tullow Oil PLC-operated Erut-1 well on Block 13T in northern Kenya has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100-125 m.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  1. DNO makes oil discovery in Kurdistan’s Peshkabir field

    Online Articles

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    Tue, 10 Jan 2017

  2. ExxonMobil makes second deepwater oil discovery offshore Guyana

    ExxonMobil has discovered another deepwater oil field in the Stabroek block offshore Guyana, according to partner Hess.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. Pemex reports six recent offshore oil discoveries

    Petroleos Mexicanos (Pemex) has made two deepwater superlight oil discoveries and four shallow-water light oil discoveries in the Gulf of Mexico.

    Online Articles

    Online Articles

    Wed, 14 Sep 2016

  4. Aker BP makes North Sea oil discovery near Frigg field

    The Norwegian Petroleum Directorate reported that Aker BP ASA has made an oil discovery near Frigg field in the North Sea.

    Online Articles

    Online Articles

    Fri, 30 Dec 2016

  5. SNE appraisals begin offshore Senegal

    The Cairn Energy Ltd.-led group in the SNE oil discovery offshore Senegal has begun the 2017 appraisal program at the field, which was originally discovered in 2014.

    Online Articles

    Online Articles

    Mon, 23 Jan 2017

  6. Anadarko gulf tie-back drilling program adds oil discoveries

    Anadarko Petroleum Corp. encountered more than 210 ft of net oil pay in multiple Miocene-aged reservoirs with the Warrior exploration well, which was drilled 3 miles from the company’s K2 field in the Gulf of Mexico on Green Canyon Block 562.

    Online Articles

    Online Articles

    Fri, 16 Dec 2016

  7. Dana Petroleum makes two oil discoveries onshore Egypt

    Dana Petroleum has made two new oil discoveries onshore Egypt, but also reported uncommercial drilling offshore Egypt and the UK.

    Online Articles

    Online Articles

    Thu, 24 Jun 2010

  8. North Sea finds linked in 'giant' oil discovery

    Statoil Petroleum AS said communication has been established between the Aldous and Avaldsnes oil discoveries , representing a single oil structure with potentially 0.5-1.2 billion bbl of recoverable oil equivalent.

    Online Articles

    Online Articles

    Tue, 16 Aug 2011

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