C-NLOPB Provides Update of Reserve Estimate for the Hibernia Field

Source: www.gulfoilandgas.com 6/24/2022, Location: North America

The staff of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) have updated the most likely Estimated Ultimate Recovery (EUR) for the Hibernia Field.

The Proven and Probable (2P) EUR for the Hibernia Field is now 1812 million barrels of oil, based on data acquired from drilling and production activities along with an updated, long-term drill schedule. The previous 2P EUR from 2014 was 1644 million barrels.

The Petroleum Resources Management System adopted by the C-NLOPB defines EUR as the quantities of petroleum estimated to be recoverable as of a given date plus the quantities that have been already produced.


United States >>  8/10/2022 - Highlights
Maiden Independent Prospective Resource estimate completed at Project Icewine East.
Total estimated Prospective Resource of...

Georgia >>  8/1/2022 - Block Energy plc, the exploration and production company focused on Georgia, is pleased to announce the results of a Competent Person's Report ("CPR")...

Australia >>  7/27/2022 - Strike Energy has announced that the West Erregulla (WE) gas field in EP469 in the Perth Basin where Strike has a 54% direct and indirect interest and...
Australia >>  7/21/2022 - Strike Energy has released the maiden independently certified Reserves & Resources report for the Walyering gas field procured for the EP447 JV (Strik...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.