Latest Petroleum reservoir Stories

LONDON, March 14, 2012 /PRNewswire/ -- ViaLogy PLC (VIY) announces it has completed a key demonstration project of its QuantumRD technology under contract with Chevron U.S.A. Inc. Working closely with Chevron geophysicists, ViaLogy successfully applied QuantumRD to a 3D seismic data set for the purpose of delineating the porosity trends in the tight dolomites of the lower Permian Basin. Variations in carbonates with low porosity have extremely small expression in the...

PORT MORESBY, Papua New Guinea and HOUSTON, Jan. 17, 2012 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil") announced that drilling has commenced on the Triceratops-2 appraisal well in Petroleum Prospecting License 237 in Papua New Guinea. The plan is to drill the entire reservoir interval with a predicted total depth of the well of approximately 7,579 feet (2,310 meters). The well is expected to take in the order of 60 to 120 days to drill, log and...

HOUSTON, Dec. 19, 2011 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it has successfully acquired 235 square miles of new 3D multi-client seismic data in the Marcellus shale play in central Pennsylvania. Known as ClearfieldSCAN(TM), the survey is part of ION's growing library of ResSCANS(TM) 3D multi-client seismic data programs, managed by ION's GeoVentures(TM) group. Acquired using the INOVA FireFly® cableless acquisition system and...

PARIS, October 10, 2011 /PRNewswire/ -- A stratigraphic well[1] (Sab-Strat 1A) has been successfully drilled on the Sabanero license in Colombia (Maurel & Prom operator - through its 50.01% subsidiary MP Colombia BV). This well is part of a stratigraphic drilling campaign (four firm wells) set to delineate the Sabanero field (three exploration wells already drilled), and help locate upcoming platforms in the appraisal program. The reservoir target of this stratigraphic...

PARIS, July 26, 2011 /PRNewswire/ -- A second (Est-5a) and third (Est-6) stratigraphic wells[1] have been successfully drilled on the CPO 17 license in Colombia (Hocol-Operator 50% and Maurel & Prom, through its 50.01% subsidiary MP Colombia BV, 50%). This drilling campaign is targeting different geological objectives present in this license. The reservoir target of both stratigraphic wells was the Basal Sandstones of the Oligocene Carbonera Formation. The wells are...

CALGARY, Alberta, May 5, 2011 /PRNewswire-FirstCall/ -- Sterling Resources Ltd. ("Sterling" or the "Company") (TSXV: SLG) is pleased to announce the completion of drilling of the 210/30a-4Z well on Block 210/30a in the United Kingdom North Sea. This is the second well (first side-track) drilled in the current four well campaign to appraise further the extent of the Cladhan reservoir. The 210/30a-4Z well was drilled at a location 1.6 kilometers east and a further 1240 feet downdip...

NEW YORK, April 13, 2011 /PRNewswire-FirstCall/ -- Energtek Inc. (Pink Sheets: EGTK) , a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today that the company has completed the required preparation of plans for an explorative drilling in the block licensed to Energtek in Southern Israel. The completed plans have been submitted to the relevant local authorities for obtaining the permissions to execute the drilling. As previously...

DUBAI, United Arab Emirates, April 10, 2011 /PRNewswire/ -- LMKR, a global geoscience technology and consulting services provider focused on resolving the challenges associated with unconventional oil and gas exploration and production, today announced a strategic partnership with Object Reservoir, a provider of leading-edge reservoir analysis services and technology to the global E&P industry. LMKR and Object Reservoir will work together to close the workflow and data integration gaps...

Ivanhoe to commence fracture stimulation at Yixin-2 and Zitong-1 CHENGDU, SICHUAN, April 5 /PRNewswire/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE) (NASDAQ: IVAN), and Gerald Moench, President of Sunwing Energy Ltd., announced today that positive gas flows have been recorded during testing operations on the Xu-5 formation of the Zitong-1 natural gas discovery well in China's Sichuan Province. Recent testing in the Xu-5 formation exposed...

PARIS, February 21, 2011 /PRNewswire-FirstCall/ -- A program to drill stratigraphic* wells has begun on the CPO 17 license (Hocol-Operator 50% and Maurel & Prom 50%) in Colombia. This drilling campaign is targeting different geological objectives present in this license. The first well drilled to a depth of 864mt has shown the presence of "in situ" oil in the Basal Oligocene Sands. *Stratigraphic wells are drilled with lighter mining-type equipment. These lower cost...