recoverable reserves
Supremus-1 and Trion-1 open Pemex new horizon The Mexican national oil company, Petroleos Mexicanos (Pemex) made two major discoveries in a month in the Perdido Fold Belt deepwater of the Gulf of Mexico. In August 2012, Trion-1, first Pemex’s successful well was drilled only 39 kilometers from the US territorial waters by 2,540 meters deepwater […]
Chevron Rosebank to unlock one fifth of UK’s reserves Chevron and its partners Statoil from Norway, OMV from Austria and Dong Energy (Dong) from Denmark selected WorleyParson and its subsidiary Intecsea to perform the front end engineering and design (FEED) of the facilities to develop the offshore Rosebank project in UK. The Rosebank field is […]
BP and Shell explore successfully Nile Delta and Western Desert to secure oil and gas supply Then major international oil companies such as BP and Shell decided to extend their exploration and production programs in Egypt in order to secure a long term and sustainable supply in oil and gas to any downstream scheme. After […]
PDVSA and Russians to pump $25 billion in Orinoco In September 2012, the national oil company Petroleos De Venezuela SA (PDVSA) and a Russian National Petroleum Consortium LLP (NPC) made of Gazprom, Rosneft, Lukoil, TNK-BP and Surgutneftegas, inaugurated PetroMiranda first oil in the Venezuela Orinoco. PetroMiranda is a joint venture created between PDVSA and Russian […]
Apache to tie-in Julimar in Chevron Wheatstone LNG 1 In 2007, Apache Corporation (Apache) and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) discovered the Julimar and Brunello natural gas fields in the Carnarvon basin offshore Western Australia. Attached to the WA-356-P block, the Julimar and Brunello are estimated to contain 2.1 trillion cubic feet (tcf) of […]
To be both a competent explorer and acquirer Investors established Apache Corporation (Apache) in 1954 with only $250,000 capital to become an international oil and gas company listed in NYSE (APA) Today, Apache has taken the world market leadership of the independent oil and gas companies.exploration and production companiese In line with its corporate statement […]
Total and Petronas to race in offshore Rovuma basin The French international oil company, Total and the Malaysian national oil company Petroliam Nasional Berhad (Petronas) signed a Farm-in agreement on the Area 3 and Area 6 of the Rovuma basin in the Strait of Mozambique. According to this agreement, Total will take 40% of the interests […]
Statoil to convert Zafarani high gas discovery into LNG In 2007, Statoil and ExxonMobil signed a production sharing contract (PSC) with the national oil company (NOC) Tanzania Petroleum Development Cooperation (TPDC) for the exploration and production of the Block 2 offshore Tanzania in the Indian Ocean. This Block 2 is located in southern Tanzania’s territorial […]
