Equinor and its partner BP Canada have made oil discoveries at the Cappahayden and Cambriol prospects offshore Newfoundland, Canada, according to a news release.
The wells, located about 500 km east of St. John’s, Newfoundland and Labrador, were drilled by the Transocean Barents semisubmersible rig this summer in the Flemish Pass Basin. Equinor said Oct. 29 the wells “have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes.
The Cappahayden and Cambriol wells have water depths of about 1,000 m and 600 m, respectively.
Holding a 60% interest, Equinor serves as operator. The company said it has also drilled a top hole at the Sitka prospect as part of its 2020 exploration campaign.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.