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Reservoir Engineering & Recovery Methods News

Touchstone Announces 2016 Reserves
Trinidad and Tobago >> 3/20/2017 - Touchstone Exploration Inc. (TXP) announces the results of the independent December 31, 2016 reserve evaluation (the Reserves Report) with respect to the Company’s crude oil reserves in the Republic o...
Iraq's Oil Reserves Increase to 153 Billion Barrels
Iraq >> 2/20/2017 - Mr. Jabbar A. Allibi the minister of oil declared for the elevation of the Iraqi reserves to (153) billion barrels. Mr. Allibi said that the exploration & reservoir activities in (7) oil fields in the...
AGR Registered by Mexico's CNH as Reserves Auditor
Mexico >> 11/23/2016 - AGR has been confirmed as an approved third party supplier to the country’s oil and gas operators, to certify and audit reserves. ...
NNPC Set to Grow Nation’s Oil, Gas Reserves
Nigeria >> 11/15/2016 - The Nigerian National Petroleum Corporation (NNPC) is set to grow the nation’s oil and gas reserves, the Group Managing Director, Dr. Maikanti Baru, has disclosed. Speaking in Lagos on Tuesday Dr. Bar...
Northern Petroleum Provides Canadian Reserves Update
Canada >> 11/1/2016 - Northern Petroleum, the AIM quoted oil company focusing on production led growth, announces an update on the certified reserves for its development and production assets in Canada. An independent rese...
ExxonMobil Announces Significant Oil Discovery Offshore Nigeria
Nigeria >> 10/27/2016 - Exxon Mobil Corporation announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. ...
Publication of 1.5 billion boe CPR on Offshore Ireland Licence
Ireland >> 10/26/2016 - Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce that, following the conclusion of the 2015 Atlanti...
Three Billion boe in 350 Unsanctioned Discoveries across UKCS
United Kingdom >> 10/18/2016 - More than three billion barrels of oil equivalent (boe) remain in approximately 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by the Oil and Ga...
Roxi Petroleum Announces Reserves Update for BNG's South Yelemes Fields
Kazakhstan >> 9/2/2016 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a reserves update as at 31 December 2015 of BNG's South Yelemes fields. The reserv...
CGG Launches TopSeis for Imaging Shallow Reservoirs
France >> 8/29/2016 - CGG announced at ONS 2016 the launch of TopSeis™, the latest evolution in offshore broadband seismic, specifically designed to overcome the intrinsic lack of near offsets inherent in 3D towed-streamer...
AGR Wins Frame Agreement with Det norske for Annual Reserves Review
Norway >> 8/29/2016 - AGR has entered into a Frame Agreement with Det norske oljeselskap for annual, independent reserves report of the company’s reserves portfolio. Det norske is one of Europe’s leading independent explor...
Material 14% Increase in SNE Field Contingent Recoverable Oil Resources
Senegal >> 8/23/2016 - 2C contingent oil resources contained in the SNE field offshore Senegal have increased by 14% to 641 mmbbls (100% basis, recoverable, unrisked). A new, updated Independent Resources Report for FAR Ltd...
Canacol Adds 28 BCF of New 2P Gas Reserves to the Clarinete Field 
Colombia >> 7/26/2016 - Canacol Energy Ltd. is pleased to report reserves for its Oboe appraisal well tested in March, 2016 on the VIM 5 block.  ...
UKOG Announces Upgrade to Portland Oil in Place
United Kingdom >> 7/19/2016 - UK Oil & Gas Investments PLC announces that a new petrophysical analysis by Nutech, incorporating the findings of the successful Horse Hill-1 ("HH-1") flow test, demonstrates a threefold increase in c...
LGO Announces Updated Resource Assessment for the Goudron Field
Trinidad and Tobago >> 7/18/2016 - The Company is pleased to announce the results of the latest annual independent resource review of the LGO 100% operated Goudron Field ("Field") in southeast Trinidad conducted on the Company's behalf...
Ecuador Boosts Oil Reserves in ITT Field to 1.7b Barrels
Ecuador >> 7/14/2016 - Ecuador's government said that the oil block known as ITT holds 750 million barrels more than originally estimated, boosting the field's reserves to 1.67 billion barrels. ...
Angola State Oil Firm Finds Gas in Kwanza Basin
Angola >> 6/22/2016 - Angolan state oil company Sonangol has discovered gas reserves in the offshore Kwanza basin that it says could total 813 million barrels of oil equivalent in a block in which BP has a stake. Sonangol ...
YPFB & Gazprom Signed Framework Agreement for Evaluation of Potential in 3 Areas
Bolivia >> 6/17/2016 - Oilfield Fiscales Bolivianos (YPFB) and Russia's Gazprom, signed a framework agreement for evaluating the hydrocarbon potential of three areas reserved for the Bolivian state oil company. This importa...
23rd Licensing Round Awards Generate Multi-Client Revenues for EMGS
Norway >> 5/30/2016 - On 18 May 2016, The Ministry of Petroleum and Energy announced the offer of ten new production licenses in the 23rd licensing round on the Norwegian continental shelf to a total of thirteen (13) compa...
CGG Registered by CNH to Estimate Reserves in Mexico
Mexico >> 5/17/2016 - CGG has announced that its Mexican entity, CGGVeritas Services de México S.A. de C.V. (CGG), has become one of only a small number of companies to be registered by Mexico’s National Hydrocarbons Commi...

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