Total’s South Africa Discovery Could Hold 1 Billion Barrels Oil Equivalent
The Brulpadda well encountered 57 m of net gas condensate in Lower Cretaceous reservoirs. The well was extended to a final depth of 3,633 m and has also been successful.
The Brulpadda well encountered 57 m of net gas condensate in Lower Cretaceous reservoirs. The well was extended to a final depth of 3,633 m and has also been successful.
French energy major Total is eyeing further strong growth in oil and gas production in 2019 after record output in 2018 enabled it to post a 28% jump in full-year earnings.
Two new discoveries offshore Guyana build on the previously announced estimated recoverable resource of the Stabroek block operated by Exxon Mobil with partners Hess and CNOOC.
Total said further drilling and testing would be carried out to appraise the resources and productivity of the reservoir.
Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as saying by the Mehr news agency on Jan. 23.
The Trion Field is in the Perdido Fold Belt area in the deepwater GoM.
Drill to a total depth of 21,600 ft by the Noble Don Taylor rig, the well logged about 200 ft gross and 130 ft net of true vertical pay, the company said in an update given as part of its 2019 operating and financial guidance.
Recoverable resources are estimated at between 6 million barrels of oil equivalent (MMboe) and 25 MMboe, the company said.
The Norwegian Petroleum Directorate forecast showed that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023, it reported on Jan. 10. Overall production will then approach the record year of 2004.
Abu Dhabi National Oil Co. (ADNOC) said on Jan. 12 it awarded a consortium formed by Italian oil major Eni (NYSE: E) and Thailand’s PTTEP two offshore exploration blocks.