Eni Raises Mexico Estimates as Drilling Campaign Ends
Italian energy group Eni said on Tuesday it had raised its estimates for oil and gas in its Area 1 prospect in Mexico to 2 billion barrels from a previous 1.4 billion after completing its drilling campaign. The state-controlled major said around 90 percent of the resources in place were oil. The development plan for Area 1 will shortly be submitted to local authorities for approval…
Statoil's Offshore Norway Project to give 248 mln boe
Statoil submits plans (PDO) for Njord extension, Bauge field; Total $2.4 bln investments, recoverable resources 248 mln boe. * Statoil's project manager Torger Roed says "we are working hard to make more decisions on new projects. Two of them are Johan Castberg and the Snorre expansion.
Statoil submits Trestakk Plan
Statoil, on behalf of the license holders, today submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. Capital expenditures are estimated at approximately 5.5 billion NOK. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil.
Exxon Mobil's Angola Project To Hit 160,000 Barrels
Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor. An ExxonMobil affiliate has a 20 percent working interest in CLOV…
