The companies are screening development options and intend to fast-track production.
Preliminary estimates indicate between 7 Tcf and 9 Tcf of raw gas in place along with 400-500 MMbbl of associated condensates, the company said.
The company put proven reserves at between 3 and 10 million standard cubic meters of recoverable oil equivalent based on preliminary estimates.
The automated integration of Petro.ai with Amazon S3, AWS Lambda, and AWS VPC minimizes time spent loading, normalizing, and managing data while providing the elastic compute power required for modern analytics at enterprise scale.
The well hit a 152-m thick gas column in the Messinian age sandstones of the Abu Madi Formation with excellent petrophysical properties, Eni said in a news release.
U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.