The company estimates the well, which was drilled to a measured depth of 7,245 feet, encountered about 24 billion cubic feet equivalent of recoverable gas and condensate resources.
Two extended-lateral Wolfcamp Shale producers completed by CrownQuest and a horizontal Frontier discovery in Wyoming’s Converse County top this week’s drilling activity highlights from around the world.
The project is Senegal’s first oil development and key to Woodside’s growth plans over the next seven years.
Maersk Drilling has received a notification from Tullow Ghana Ltd. on March 24 of early termination for convenience of the drilling contract for the drillship Maersk Venturer.
Polarcus Ltd., which operates ships that search for offshore oil and gas, announced two project cancellations on March 23 that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.
In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.
Production began on March 7, just three days after BW marked first oil from the DTM-5H well.
TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI) contract on March 10 from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,200 m to 1,500 m.
For the most part, oil is a top income source for members of OPEC and such a dramatic fall in prices will put a strain on their economies.