The oil producer said it expects the new field—The Upper Pennsylvanian Silt (WolfPenn)—to be an oil-rich reservoir with significant volumes of gas as well.
VAALCO Energy Inc. said Feb. 18 that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.
The new find is believed to contain between 200 million and 300 million barrels of light oil at a water depth of 340 m.
GeoPark Ltd., a leading independent Latin American oil and gas explorer, operator and consolidator, said Feb. 4 it has made a discovery in the new Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in Chile.
The United Arab Emirates (UAE) announced on Feb. 3 a new gas find with 80 trillion standard cubic feet (Tscf) of shallow gas resources, a discovery that could help the country’s goal to achieve gas self-sufficiency.
The new recoverable resource estimate, which jumped by 2 Bboe, excludes the Uaru discovery.
Eni has made a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE) on Jan. 27, which was awarded to Eni in the first International Competitive Exploration Licensing Round conducted by the Petroleum Council of Sharjah.
Referring to wireline logs and pressure and fluid sample data, the company said the well intersected 60 m (197 ft) of net hydrocarbon pay while targeting the primary objective.
Results from the Maka Central discovery prove “significant potential” for the entire 1.4 million acres that comprise Block 58 offshore Suriname, says Apache CEO John Christmann.