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.
OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.
Magellan Midstream Partners said on Dec. 2 it will invest about $4.65 million to increase truck loading capacity at its refined oil products Cheyenne terminal in Wyoming by more than 50%.
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