Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day

The Telesto exploration well is estimated to have between 12 million to 28 million barrels of recoverable oil

The company says Hammerhead-1 hit around 60m of ‘high quality, oil-bearing sandstone reservoir’

ExxonMobil has announced its seventh oil discovery offshore Guyana. It found around 20 metres of “high quality, oil-bearing sandstone reservoir” after drilling at the Pacora-1 exploration well. Steve Greenlee, President of ExxonMobil Exploration Company said: “Pacora will be developed in conjunction with the giant Payara field and along with other phases, will help bring Guyana […]

Exploration drilling has commenced at a planned oil well near Billinghurst in West Sussex. UK Oil & Gas Investments’ (UKOG) 100% owned Broadford Bridge-1 (BB-1) site will test a ‘geological lookalike’ to the company’s previous Horse Hill discovery, which has produced 1,365 barrels of oil per day from two naturally fractured Kimmeridge Limestone rock units. […]

An oil firm has made a new discovery in north-eastern Columbia. Ecopetrol has reported the Boranda-1 well in Rionegro has found medium crude at a depth of 3,657 meters, in four intervals of oil sands with a total thickness of 40 metres. Ecopetrol holds a 50% interest in the Playón block, of which the Boranda-1 […]

A UK-based oil and gas company claims to have discovered the “largest undeveloped” oilfield off the Scottish coast. Hurricane Energy’s Halifax prospect and nearby Lancaster field are part of the same huge reservoir that could contain one billion barrels of recoverable oil. The company says it has focused its efforts on what it believes are […]

New oil discoveries have been made in the UK North Sea. Exploration company Apache Corporation found oil in the first two wells which were drilled in the Beryl area. It also announced a large discovery in its Seagull prospect – around 50 miles from its largest oil field in the UK North Sea – Forties Field. Apache estimates the two discoveries to make […]

An exploration company based in Edinburgh has announced the discovery of oil off Senegal in West Africa. Cairn Energy and its joint venture partners found 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 kilometres off the coastline and in 1,427 metres depth. The company said it would now continue […]

Shell has announced its third major discovery in the deepwater Gulf of Mexico. The energy giant confirmed it has found roughly 100 million barrels of oil equivalent in the Norphlet formation. It was discovered near its Rydberg well, located around 72 miles off the Louisiana coast. Marvin Odum, Shell Upstream Americas Director said: “These successes […]