Calima reports Canada drilling success
Canada The Calima-1 well has intersected the top of the formation in line with pre-drill estimates and registered “elevated gas readings,” the company statement to the Australian Securities Exchange noted.
“The core recovery exceeds our expectations and will provide valuable data to determine expected reservoir performance,” Alan Stein, Calima’s managing director, said. “We should reach the bottom of the well in the next few days and will then proceed to collect wireline log data. This data will be used to confirm the depth of both of our horizontal wells, which will be drilled immediately following the completion of this vertical well.”
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More