Libya’s National Oil Corp. (NOC) said on Dec. 2 its Chairman Mustafa Sanallah and Schlumberger Ltd. CEO Olivier Le Peuch agreed on technology transfer talks to help restart the country’s oil wells and improve output.
EOG’s newly unveiled Dorado natural gas play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay in the Austin Chalk and Eagle Ford Shale formations.
The Houston-headquartered company said Nov. 5 that the Dorado play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay.
The Austin Chalk assessment, which includes the Tokio and Eutaw formations, is believed to also hold about 41.5 trillion cubic feet of natural gas, the report shows.
Up to 10 FPSOs could be needed to develop the prolific oil and gas resource base on the Stabroek Block, according to partner Hess Corp.
President Tayyip Erdogan said in August the field north of the Turkish coast in the Black Sea contained 320 Bcm of gas, making it Turkey's biggest natural gas discovery.
The company said analysis of the Kuparuk Formation at its Talitha project points to an estimated 1.4 billion barrels of oil in place.
Weatherford International Plc has launched ForeSite Sense, the world’s most comprehensive reservoir monitoring solution that shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow, the company said on Oct. 5.
Live downhole reservoir testing enables dynamic data acquisition in Asia, the Middle East, North Sea and Africa.