ExxonMobil Announces New Oil Discoveries Offshore Guyana
ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery.
Chevron Announces First Gas from the Chuandongbei Project in Southwest China
hevron Corporation (NYSE:CVX) announced today that its fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by an international oil company and a national oil company in China.
Sale Of Norwegian Business
Premier is pleased to announce that it has agreed to sell Premier Oil Norge AS (“PONAS”) which comprises all its Norwegian assets, to Det norske oljeselskap ASA (“Det norske”) for a cash consideration of $120 million. The proceeds will be used to pay down the Company’s debt and represents another step in Premier’s previously stated programme of portfolio management. The transaction is subject to the receipt of government approval and is expected to complete by year-end.
Eni makes a new discovery offshore Congo
Eni made a new discovery of gas and condensates offshore Congo, in the exploration prospect of Nkala Marine, located in Marine XII block, about 20 kilometers from the coast and 3 kilometers from the Nene Marine field, already in production.