Tag Archives: oil reserves

ORLEN Upstream Norway Makes Significant Discovery in Skarv Area, Estimated at 3-7 Million Barrels of Oil

(IN BRIEF) ORLEN Upstream Norway, together with its license partners, has made a new oil discovery in the Skarv area of the Norwegian Sea, estimated at 3-7 million barrels. Another discovery was made during drilling, with resources estimated at 1-2 … Read the full press release

bp Announces Oil Discovery at Far South Prospect as Gulf of America Becomes Key Growth Area

(IN BRIEF) bp has announced a new oil discovery at the Far South prospect in the deepwater Gulf of America. Located in Green Canyon Block 584, about 120 miles off Louisiana’s coast, the exploration well—drilled to a depth of 23,830 … Read the full press release

PGNiG Upstream Norway and AkerBP: successful discovery of gas and oil reserves in the PL127C licence in the Norwegian Sea

(PRESS RELEASE) WARSAW, 13-Nov-2020 — /EuropaWire/ — PGNiG Upstream Norway (PUN), PGNiG S.A.’s subsidiary, in partnership with the operator Aker BP ASA, have completed the drilling of an exploration well in the Alve Nord East prospect, approximately 7 km north … Read the full press release

Eni World Oil and Gas Review: oil reserves increased slightly in 2016; OPEC countries remain the biggest reserves holder

In 2016 oil reserves increased slightly (+0.2%) mainly due to the contribution of additional reserves in Iraq. World oil production remains nearly at the same level of 2015 (+0.3%). Along with production changes, a significant discontinuity emerges in terms of … Read the full press release