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Reservoir Engineering & Recovery Methods News

Significant Reserve Growth Confirmed at the Utrenneye Field
Russia >> 9/18/2018 - PAO NOVATEK announced that upon drilling and testing of well #294 at the Utrenneye field, two new hydrocarbon deposits were discovered and commercial viability of the mid-Jurassic deposits was confirm...
Reserves at Gazprom Neft’s Neptune Field Reach 415 Million Tonnes
Russia >> 9/11/2018 - The Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft’s Neptune field, located offshore from Sakhalin Island in the Sea of Okhotsk, at 415.8 million tonnes of oil...
Eco Atlantic Issues AIM CPR and TSX Compliant NI-51-101 Report on Guyana Block
Guyana >> 9/11/2018 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with licences in highly prospective regions in Namibia and Guyana, is delighted to announce that Gustavson Associates LLC ("Gustavson...
Equinor Announces Contract for Improved Recovery at Johan Castberg
Norway >> 8/24/2018 - Digital technology developed in Norway will help improve recovery from the Johan Castberg field in the Barents Sea. Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir mo...
Energean Announces Independent Certification of Reserves & Resources in Israel
Israel >> 8/16/2018 - Energean Oil and Gas plc has received an updated independent Competent Persons Report from Netherland Sewell & Associates (“NSAI”) for its Israeli portfolio. The updated CPR includes the certification...
Melbana Provides Update on the Resource Assessment for Cuba Block 9
Cuba >> 8/7/2018 - Melbana Energy Limited (MAY) (Melbana) is pleased to provide the following update on the resource assessment for Cuba Block 9 (Melbana 100% and operator) and Beehive Prospect located offshore Australi...
ExxonMobil Increases Estimate for Guyana’s Stabroek Block to 4 Billion Barrels
Guyana >> 7/23/2018 - ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to su...
‘Facility of the Future’ initiative to transform oil and gas developments
United Kingdom >> 7/18/2018 - The Oil & Gas Technology Centre launches an industry-backed ‘Facility of the Future’ initiative that could halve the cost of developing and operating an oil and gas facility and help unlock more than ...
Additional 12 million barrels Gained from Improvements to Production Efficiency
United Kingdom >> 7/17/2018 - Production efficiency (PE) on the UK Continental Shelf (UKCS) has improved for a fifth consecutive year, rising to 74%, according to a new report released by the Oil and Gas Authority (OGA). The 1% im...
Logbaba Field Reserves Update
Cameroon >> 6/4/2018 - Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, is pleased to provide the following update, based on internal estimates, on the reserves position for the Logbab...
CGG Geosoftware Releases Powerlog 9.7.2 Petrophysical Software
CGG Geosoftware Releases Powerlog 9.7.2 Petrophysical Software France >> 6/4/2018 - CGG GeoSoftware has launched PowerLog 9.7.2, the latest version of its flagship petrophysical analysis software. With this release, the new PowerLog ecosystem offers access to extensive machine learni...
MX Oil Updates on the Aje Field
Nigeria >> 5/1/2018 - MXO plc, the oil and gas investing company listed on AIM, is pleased to provide an update with regard to OML 113, the offshore licence in Nigeria, in which it has an investment. The Aje Field within ...
Preliminary Results for the A1 Prospect in Tendrara-Lakbir Permit
Morocco >> 4/26/2018 - Sound Energy, the Morocco-focused upstream gas company, is delighted to announce receipt of the preliminary volume results of the Competent Person's Report (CPR) in relation to the A1 prospect in the ...
Stamper Oil & Gas Reports 22% Increase in evaluated Reserves to 182 million barrels
Sudan >> 4/19/2018 - Stamper Oil & Gas Corp, is pleased to announce Chapman Petroleum Engineering Ltd., independent petroleum consultants of Calgary, Alberta, has completed an update on the Oil & Gas reserves and economic...
Tower Awards Reserves Report Contract to Oilfield International
Cameroon >> 4/10/2018 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce the award to Oilfield International Ltd (“OIL”) of a contract to act as Competent Person (“CP”)...
Gazprom Neft Increases Its Estimate of Recoverable Reserves At Zhagrin Field
Russia >> 3/20/2018 - Following analysis by the Federal Subsoil Resources Management Agency, recoverable reserves at Gazprom Neft’s Alexander Zhagrin field in the Khanty-Mansi Autonomous Okrug have been increased to 31 mil...
Black Platinum Energy announces Material Increase in the Discovered Dara East Gas Field Resources
Indonesia >> 3/14/2018 - Black Platinum Energy has announced a material increase in the discoveredDara East gas field resources and upside potential resources in nearby features. The Dara East gas field is located in the Nort...
Emerson & Total Sign Global Agreement for Paradigm E&P Software Solutions
United States >> 3/5/2018 - Emerson (EMR) announced a long-term global agreement with Total® S.A. to provide all Total geoscientists with access to Emerson’s Paradigm exploration and production (E&P) software portfolio, to help ...
Po Valley Declares 2P Reserves for its Offshore Adriatic Development Teodorico Field
Italy >> 2/19/2018 - Po Valley Energy Limited is pleased to report an upgrade of its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations Pty Ltd as part of the release of an extensive Com...
Lukoil Completes Reserves Estimate as of the End of 2017
Russia >> 2/16/2018 - LUKOIL announced today the results of the oil and gas reserves assessment and independent audit as of December 31, 2017. According to the SEC (U.S. Securities and Exchange Commission) standards, the C...

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