MMBOEMillion Barrels of Oil Equivalent (energy and petroleum industry)
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Lundin spudded its Goddo exploration well 16/5-8 on July 8 with the Leiv Eiriksson rig targeting pre-drill resources of 112 mmboe in fractured basement on the Utsira High, close to the operator's Edvard Grieg field.
Cooper Energy's 2C Contingent Resources at 30 June 2019 have increased since 30 June 2018 by 3.3 MMboe to 26.9 MMboe.
GCA's most recent report confirmed that Dana Gas's share of the Khor Mor and Chemchemal 2P reserves was 4.4 trillion cubic feet gas (2016: 5.3 Tcf), 136 million barrels of condensate (2016: 109 MMbbls), 13.3 million metric tonnes liquefied petroleum gas, and 18 MMbls of oil, the equivalent of 1,087 MMboe, as compared to 990 MMboe in April 2016.
With the acquisition, Resource Energy has accumulated a substantial acreage position in the Williston Basin of over 120,000 net acres, proven reserves of approximately 33 MMBOE (14.2 MMBOE proved-producing), and an interest in 416 wells (205 operated).
The combined gross resource potential of the Rolvsnes and Goddo area is more than 250 MMboe.
SM is larger than Extraction Oil and Gas (B+ /Stable) in terms of 2018 production guidance (119-123 mmboe/d vs 87-93 mmboe/d) and proved reserves (468 mmboe vs 292.7 mmboe as of YE 2017).
At year-end 2017, on a Company Working Interest (CWI) basis, DNO's 2P reserves stood at 384.1 MMboe and 2C resources at 98.9 MMboe, with 2017 daily average CWI production of 73,700 boe.
The company reaffirmed it expects to sell between 76 and 83 mmboe this year.
Summary: In 2014, Occidental Oman made 7 oil and 1 gas discoveries, adding over 19 MMBOE of hydrocarbon resources
- Production of 2.5 MMboe, 10% up on the previous quarter, mainly due to higher Western Flank oil and condensate production
Proved reserves (1P) have increased by 25.6 mmboe (15.1%) to 169.1 mmboe y-o-y, with proved and probable reserves (2P) going down to 521.6 mmboe as a result of the 2011 production and some small adjustments on all reservoirs.
In energy news, Oil Search announced that total gas and oil production for the quarter to 30 June was 1.94 million barrels of oil equivalent (mmboe), compared with 2.002 mmboe in the previous quarter.