The DUG Eagle Ford Conference and Exhibition took place in San Antonio this week. While there, Hart Energy's Jessica Morales sat down with Peter Duncan, president and CEO of MicrosSeismic Inc., to discuss topics of interest from the event.
“It has really been exciting at the Eagle Ford conference this week to see the interest returning back to the Eagle Ford. I have to ascribe that to the fact that the Eagle Ford is mature. People understand the geology. They know where to play and yet there are still large drilling inventories,” Duncan said.
“Clearly the location, the infrastructure, close to the market. The ability to get LNG plants and processing plants is enabling the Eagle Ford to become a really active play again.”
The Agogo field was Angola’s largest offshore discovery in years and could help slow years of production declines in Africa’s second-biggest exporter.
Drillers cut 11 oil rigs in the week to Jan. 10 in the biggest decline since October, bringing down the total count to 659, energy services firm Baker Hughes Co. said in its weekly report.
The Senegal government recently gave the greenlight for the project, which is expected to produce 231 million barrels (MMbbl) of oil resources in its initial phase of development and strike first oil in the next three years.