“The well found 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent quality petrophysical properties and no observed water contact”, Rhino said in a press release. “Hot shot laboratory analysis on two samples (at the top and base of the reservoir interval) showed a high condensate to gas ratio (CGR) of >140 and a liquid density of around 40° API gravity.
Crude oil exports from Iraq’s semi-autonomous region of Kurdistan have reached 205,000 barrels per day (bpd), but the oil flows via a pipeline to the Turkish point of Ceyhan could be under threat again.
Kent will design new desalter facilities to support the production of 300,000 bopd over the next 20 years, managing an expected water cut of up to 60%. The facility will include separation and desalting facilities to process up to 315,000 bopd as well as systems to reduce gas flaring.
The report cited an announcement by Egypt’s Ministry of Petroleum and marks an expansion of the company’s activities into North Africa’s upstream sector.
GeoPark has completed its previously announced acquisition from Pluspetrol S.A. of a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks, located in the black oil window of Argentina’s Vaca Muerta formation in the Neuquén basin.
President Donald Trump has reiterated his threat to make India pay “massive” tariffs unless it stops buying Russian oil, repeating that India’s Prime Minister had assured him those purchases would stop.
The contract is for the construction, operation and management of the facility, which will be located in West Kuwait and treat approximately 3.4 mcm (120 mcf) per day of sour gas. The construction project has a completion timeline of 790 days and includes a five-year operations and maintenance engagement.
The USD 6.7 billion project is fully funded through a mix of debt, private placements and equity, including USD 1.29 billion each from NextDecade and its partners Global Infrastructure Partners, GIC and Mubadala.
Oil headed for a third weekly decline as traders focused on growing signs of oversupply and the fallout from renewed U.S.-China trade tensions. U.S. President Donald Trump said he would hold a second meeting with Russia’s Vladimir Putin “within two weeks or so” aimed at ending the war in Ukraine, raising the possibility of more […]
While total reserves declined slightly year-on-year, the report highlights a significant 31% increase in prospective resources, now estimated at 4.6 Bboe, largely due to new opportunities identified under the 33rd Offshore Licensing Round. The UK also holds an estimated 6.2 Bboe in contingent resources, representing discovered but undeveloped petroleum that could be matured through new investment and field development activity.