Quantcast
Last updated on April 17, 2014 at 21:23 EDT

Latest Petroleum reservoir Stories

2011-04-04 15:06:00

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 up...

2011-02-21 12:16:00

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 drilling...

2011-01-17 05:00:00

CALGARY, Jan. 17 /PRNewswire/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) and Gerald Moench, President of Sunwing Energy Ltd., today announced another natural gas discovery in China - the second deep discovery in less than one month at the company's Zitong exploration block in the Sichuan Province. Sunwing Energy is a wholly-owned subsidiary of Ivanhoe Energy. Zitong-1 gas discovery in Xu-4 formation The Zitong-1 well flowed at...

2010-12-13 15:30:00

BOGOTA, Colombia, Dec. 13, 2010 /PRNewswire-FirstCall/ -- Ecopetrol (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP) reports that it proved the presence of hydrocarbons in the second stratigraphic well drilled under the Cano Sur Exploration and Production contract, located in the province of Meta. (Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO ) Preliminary results of the Draco-1 well, which reached a depth of 3,284 feet (close to one kilometer) confirm the presence of...

2010-12-08 12:10:00

HOUSTON, Dec. 8, 2010 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the commencement of a new 3D multi-client seismic survey in the Marcellus shale play in central Pennsylvania. ION will manage and execute the entire program, providing a proven mix of survey design, planning and permitting, data acquisition using advanced technologies, data processing, and reservoir analysis from ION's GX Technology (GXT) imaging solutions subsidiary. ION has commenced...

2010-09-29 10:24:00

VANCOUVER, Sept. 29 /PRNewswire-FirstCall/ - TAG Oil Ltd. (TSX-V: TAO) reports a new oil discovery in New Zealand's Taranaki Basin with the Sidewinder-1 exploration well, located within TAG's 100%-controlled, 7,910 acre, Broadside exploration permit PEP 38748. The Sidewinder-1 well was drilled to a total depth of 1,601m, and encountered 14 meters of net (22m gross) oil-bearing sandstones in the Mt. Messenger Formation. Electric logs indicate excellent reservoir qualities, with average...

2010-06-22 07:00:00

CAIRNS, Australia and HOUSTON, June 22 /PRNewswire-FirstCall/ -- InterOil Corporation (NYSE: IOC) (POMSoX:IOC) today, at its Annual General Meeting, provided an update on its operations. InterOil Chief Executive Officer Phil Mulacek said, "The Antelope-2 horizontal well has accomplished multiple objectives. First, it has confirmed an increasing condensate-to-natural gas ratio (CGR) of 18 barrels per million cubic feet of natural gas, 12% higher than observed at the top of the reservoir....

2010-06-15 09:10:00

BARCELONA, Spain, June 15 /PRNewswire/ -- Paradigm(TM) (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, has made public the roadmap to deliver by mid-2011 a 64 bit Windows 7 version of its full solution suite of seismic interpretation, velocity modeling, seismic characterization and well calibration capabilities, together with the Epos integration and interoperability framework. The...

2010-06-14 08:28:00

HOUSTON, June 14 /PRNewswire-FirstCall/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced a $1 million donation to support petrophysics research at the University of Oklahoma Mewbourne School of Petroleum and Geological Engineering (MPGE). The donation will support the newly named Apache Petrophysics Research Center, including measurement of petrophysical properties of conventional and unconventional reservoirs such as tight gas sands and gas shales. "This donation links Apache's...

2010-03-10 06:25:00

NYSE Amex: BQI CALGARY, March 10 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (NYSE AMEX:BQI) ("OQI" or "the Company") is evaluating the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan using typical steam-assisted gravity drainage (SAGD) technology. OQI recently drilled 16 core holes across Axe Lake reservoirs to improve the understanding of the overburden characteristics and to test the potential for the overburden to act as a cap rock to contain steam...