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Reservoir Engineering & Recovery Methods News

Lion Energy Upgrades Proven Reserves in Seram (Non-Bula) PSC
Indonesia >> 3/1/2016 - Lion Energy Ltd. reported that the Dec. 31, 2015 reserves report by U.S. based engineering firm DeGolyer & MacNaughton estimates Proven (1P) oil reserves at 4.88 million barrels (compared to 4.75 mill...
2015 Ecopetrol's Proven Reserves Reach 1,849 Million Barrels of Oil Equivalent
Colombia >> 3/1/2016 - Ecopetrol announced its proven reserves (1P, according to the international designation) of crude oil, condensate and natural gas owned by the company, including its interest in affiliates and subsidi...
Wentworth Resources Provides Tanzania Reserves Update
Tanzania >> 2/25/2016 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is pleased to announce the results of an independent evaluation of the gas reserves within the Mna...
Tanzania Makes Big Onshore Natural Gas Discovery
Tanzania >> 2/25/2016 - Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation's total estimated recoverable natural gas reserves to more than 5...
NUTECH Partners with WellDatabase, Introduces NuQuest
United States >> 2/16/2016 - NUTECH, a leader in reservoir intelligence which combines the strength of two key elements, reservoir characterisation and reservoir engineering, has partnered with WellDatabase to launch NuQuest, the...
Rosneft Reviewed the Results of DeGolyer & MacNaughton's Independent Audit
Russia >> 2/16/2016 - According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosnef...
Bashneft's 2015 Reserve Replacement Ratio Totals 202%
Russia >> 2/15/2016 - JSOC Bashneft has announced the results of the latest independent audit of hydrocarbon reserves conducted by Miller and Lents, Ltd. in accordance with the PRMS classification (Petroleum Resources Mana...
Total hydrocarbon reserves at Gazprom Neft up 5.6 percent in 2015
Russia >> 2/15/2016 - As at 31 December 2015 total proved and probable (proved + probable — 2P, SPE-PRMS international standards**, including those held by joint enterprises) hydrocarbon reserves at Gazprom Neft totalled 2...
Lukoil Proved Hydrocarbon Reserves Total 16.6 Billion Barrels of Oil Equivalent
Russia >> 2/9/2016 - PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securities and Exchange Commission ...
NOVATEK Announces Year-Rnd 2015 Reserves
Russia >> 1/26/2016 - OAO NOVATEK (NOVATEK) announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 Decemb...
Gazprom Neft Begins First Project on Studying the Bazhenov Formation
Russia >> 1/25/2016 - Gazprom Neft has begun investigating reserves at the Bazhenov formation at Vyngayakhinskoye field, Yamalo-Nenets Autonomous Okrug (a project currently being implemented by Gazpromneft-Muravlenko). Mar...
Geological Prospecting Sees an Increase in Gazprom Neft Estimated Messoyakha Reserves
Russia >> 1/15/2016 - Based on ongoing estimations undertaken throughout 2015, C1 reserves at the Messoyakha group of fields have been revised up to now total 14.8 million tonnes of oil and 8.8 billion cubic metres of gas:...
Gran Tierra Received Independent Resource Estimates
Colombia >> 12/17/2015 - Gran Tierra Energy Inc is pleased to announce that an independent assessment of the Company's prospective resources on its Colombian exploration properties has been completed by McDaniel & Associates ...
China's Strategic Oil Reserves Double to 190 million Barrels
China >> 12/13/2015 - China said it more than doubled the size of its strategic crude oil reserves between November 2014 and the middle of this year, building inventories at a rate exceeding analysts' estimates of the coun...
Iran’s Hydrocarbon Reserves Up by 1 billion Barrels
Iran >> 11/21/2015 - An official at the National Iranian Oil Company (NIOC) says according to the latest estimate, the total volume of the country’s hydrocarbon reserves has increased by one billion barrels due to new dis...
Outdated Reservoir Management Procedures Impacting Hydrocarbon Economic Recovery
Outdated Reservoir Management Procedures Impacting Hydrocarbon Economic Recovery United Kingdom >> 9/22/2015 - Well tests are completed on a regular basis in the offshore oil and gas industry to gather information from reservoirs about production and available reserves. From the exploration and field developme...
Schlumberger Signs Merger Agreement to Acquire Cameron
Schlumberger Signs Merger Agreement to Acquire Cameron United States >> 8/26/2015 - Schlumberger Limited and Cameron jointly sign a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of...
WGP Wraps up Latest Norway Reservoir Monitoring Campaign
Norway >> 7/28/2015 - Spring 2015 Permanent Reservoir Monitoring (PRM) operations over the Statoil operated Snorre and Grane fields have now been completed ahead of schedule thanks to a combination of excellent operational...
Halliburton Introduces New Formation Evaluation Service
Halliburton Introduces New Formation Evaluation Service United States >> 7/17/2015 - Halliburton's Wireline & Perforating business has introduced the Reservoir Monitor Tool 3-Detector™ (RMT-3D™) pulsed-neutron tool that helps solve for water, oil, and gas saturations within reservoirs...
Chevron, OneSubsea to form JIP 20Ksi Subsea Systems
United States >> 7/9/2015 - OneSubsea®, a Cameron and Schlumberger company, and Chevron U.S.A. Inc. have entered into an agreement to form a joint industry program (JIP) to develop subsea systems technology for 20,000-psi applic...

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