GPS News  
OIL AND GAS
More reserves found offshore Congo
by Daniel J. Graeber
Milan, Italy (UPI) Nov 5, 2015


disclaimer: image is for illustration purposes only

West African oil and gas basins are showing signs of growth, with Italian energy company Eni the latest to announce a discovery off the coast of the Congo.

The Italian energy company announced the discovery of natural gas and an ultra-light form of crude oil called condensate in the Nkala Marine basin about 12 miles off the coast of the Republic of Congo.

"The exploration of the pre-salt sequences continues to deliver new discoveries all along the West Africa's margin and confirms Eni's exploration technologies effectiveness, given the technical complexity of these play," the company said in a statement.

Pre-salt means the reserves are beneath a thick layer of salt at the ocean's floor, similar to those in Brazil, one of South Africa's largest producers. Eni estimated the size of the discovery at between 250 million and 350 million barrels of oil equivalent in place. The entire Marine basin may hold up to 5.8 billion barrels of oil equivalent.

Chevron's subsidiary in the region announced this week it started oil and gas production from the Lianzi field in a unified offshore economic zone straddling the borders of Congo and Angola. Located in the deep waters off the coast of western Africa, Lianzi is expected to produce an average 40,000 barrels of oil per day.

Eni said it's already discovered about 4 billion barrels of oil in basins off the Congolese and Gabonese coasts since it started work there more than four years ago.

Eni has been operating in Congo since the late 1960s, producing around 100,000 barrels of oil per day.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Oil sector employment in Norway falters
Oslo, Norway (UPI) Nov 5, 2015
Even before the price of crude oil started its steady decline, Norway's government reported employment in the petroleum sector was dwindling. Economic growth has been slow for most of the year for Norway, with gross domestic product increasing by slightly less than 1 percent for the last four quarters combined. The Norwegian economy relies heavily on the oil and natural gas indus ... read more


OIL AND GAS
Colombia drought threatens one of world's top coffees

Blowing in the wind: how to stop cow burps warming Earth

Did Dust Bowl's ravages end in the 1940s

Potato harvest reduced by half

OIL AND GAS
Silicon Valley granddaddy HP readies breakup

Techniques to cool 3D integrated circuits stacked like a skyscraper

Manipulating wrinkles could lead to graphene semiconductors

Photons open the gateway for quantum networks

OIL AND GAS
Chairman of China's biggest airline 'investigated'

'Unusual' fog disrupts flights across Europe

Sikorsky moves forward with presidential helicopter replacement

Australia receives eighth Boeing C-17A

OIL AND GAS
Nissan boosts annual outlook on new models, N.America sales

VW suspends sales of US diesel models; Moody's cuts rating

Honda to Add 120 EV Chargers to Torrance Campus

VW shares skid as emissions-cheating scandal widens

OIL AND GAS
China applies to join European reconstruction bank

Trade trumps hostility for S. Korea-China-Japan summit

Chinese investors held after metals exchange protest plans

German exporters thrive despite China concerns: federation

OIL AND GAS
OECD warns Brazil on environment, economy risks

After 5,000 years, Britian's Fortingall Yew is turning female

Amazonian natives had little impact on land, new research finds

NASA/USGS Mission Helps Answer: What Is a Forest

OIL AND GAS
Curtiss-Wright and Harris bring digital map solutions to rugged systems

OGC and ASPRS to collaborate on geospatial standards

Study predicts bedrock weathering based on topography

How TIMED Flies: Unexpected Trends in Carbon Data

OIL AND GAS
Finally a promising natural nanomaterial

Umbrella-shaped diamond nanostructures make efficient photon collectors

Anti-clumping strategy for nanoparticles

Are cars nanotube factories on wheels









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.