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Eni: new ultra-deep discovery offshore Mozambique could contain 5-7 Tcf of gas in place

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Italy-based oil and gas major Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique. In 2011, Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. Eni’s Area 4 offshore Mozambique. Earlier post.). Click to enlarge.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7 Resource Base.

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PetroSA in talks with Mozambique for GTL plant; 70% diesel output

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South African state-owned oil company PetroSA is in talks with Mozambique to develop a 40,000 barrels-per-day gas-to-liquids (GTL) plant there. Gareth Shaw, PetroSA’s business development manager for GTL, said his company was proposing the building the plant at a cost of around $4 billion.

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Pancontinental says first oil discovered offshore Kenya

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Australia-based Pancontinental Oil and Gas NL says it has verified that its recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column—the first such discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column of 29.6m Location map.

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Benthic sets new water depth drilling record of 2,776 meters

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miles) was set on a Statoil project in Tanzania, and was beaten with two deployments to 2,776 meters (9,108 feet) a few weeks later on the Anadarko project off the coast of Mozambique. The previous record of 2,754 meters (9,035 feet, 1.7

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. billion barrels of discovered recoverable resource.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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Woods the had also outlined progress on key projects that support ExxonMobil’s growth plans, including: In Guyana, the estimated gross recoverable resource from the Stabroek Block increased to more than 8 billion oil-equivalent barrels, in part as a result of six additional discoveries made in 2019 and 2020. million net acres.