Exploration/discoveries
The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
-
Each of the 25 onshore blocks offered to private companies in Mexico’s December auction were awarded, almost all of which went to Mexican companies. -
Mexico’s second oil and gas lease auction has been deemed a success after three out of five shallow-water blocks were awarded in September. The awarded areas contain an estimated 236 million bbl of oil and 190 Bcf of gas.
-
During the 10-year period between 2003 and 2013, Mexico drilled 30 deep- and ultradeepwater wells in water depths ranging from 512 to 2900 m.
-
A Cold War technology invented to stealthily guide the United States Navy’s nuclear submarine fleet is now serving a much more peaceful purpose: aiding in the search for oil and gas deposits.
Page 46 of 46