Kuwait-based Gulf Petroleum Investment (GPI) made an oil discovery on Seram Island, Indonesia. The well tested at a daily rate of 640 bbl. The company spudded an additional well to evaluate the size of the find, but no other information has been reported. Producing fields on Seram are within 2.5 miles (4 km) of the new site. GPI is currently petitioning the Indonesian government to begin production and export operations from the new field.
Recommended Reading
Marketed: Mississippian Play Opportunity in Grady County, Oklahoma
2024-05-06 - An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.
Marketed: DLH Capital 14 Well Package in SCOOP/STACK
2024-05-06 - DLH Capital LLC has retained EnergyNet for the sale of a 14 well package SCOOP/STACK opportunity in Blaine, Caddo, Canadian and Grady counties, Oklahoma.
Dara Energy Acquires Assets in Three States from Vinland
2024-05-06 - Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.
IOG Resources Acquires Interests from Civitas
2024-05-06 - IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.