A high-volume Wolfcamp producer by EOG in Loving County, Texas, and results from a Utica Shale well test in Ohio top this week’s drilling activity highlights from around the world.
Increased E&P activity is expected in the prolific presalt basins of Brazil, which hold billions of barrels of recoverable oil reserves.
Romero added in brief comments to Reuters that he does not expect a quick resolution to talks between Pemex and U.S.-based Talos Energy over the Zama oil discovery.
Closed-door talks between Pemex and a private consortium led by Talos Energy over who will control operations of the so-called Zama project in the southern Gulf of Mexico have recently slowed.
Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur, Purple Angel and COL-5 blocks, which are found in deepwater areas of the Colombian Caribbean.
The Ruby Field resides in the Block 3(a) development area of Trinidad & Tobago, approximately 28 miles (45 km) off the northeastern coast of Trinidad.
Energy companies should ‘tread cautiously,’ Trump administration official says.
Talos Energy CEO Tim Duncan fired back, reaffirming a technical analysis showing it had a large majority of the find and expressing worry that development of the project could be delayed.