Faroe Petroleum, an independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, has announced the results of the North Uist exploration prospect west of Shetland (Faroe 6.25%). The 213/25c-1V exploration well, operated by BP, targeted several reservoir objectives, the most significant of [...]
Kosmos Energy announced results from the Teak-4A appraisal well, located in the West Cape Three Points Block, offshore Ghana. Located 6.1 kilometers (3.8 miles) northwest of the Teak-1 discovery well, the Teak-4A well was targeting the stratigraphic extension of the Teak discovery area. The well encountered thin, non-commercial reservoirs and is being plugged and abandoned. [...]
U.S. Secretary of the Interior Ken Salazar yesterday joined Mexican President Felipe Calderon, Secretary of State Hillary Rodham Clinton, Mexican Minister of Foreign Relations Patricia Espinosa, and Mexican Minister of Energy Jordy Herrera in Los Cabos, Mexico at the signing of an agreement on the exploration and development of oil and natural gas reservoirs along [...]
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![Brazil: Petrobras Strikes Oil in Pre-Salt Reservoirs in Campos Basin]()
Petrobras has discovered evidence of oil in pre-salt reservoirs in Campos Basin offshore Brazil. The discovery was the result of the drilling of 6-ABL-57D-RJS well, located in Albacora Leste field’s concession area, below the sandstone layer fields producer. This discovery is situated 130 km off the coast of Rio de Janeiro, in water depth of [...]
