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.
U.S. energy firms this week added oil and natural gas rigs for the 11th time in 12 weeks as producers return to the wellpad even as most are cutting spending this year and next.
Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.
Agency is considering lower royalties; most GoM facilities are producing at less than 25% capacity.