Petroleum

Michael Bermant, MD RIL makes Seventh oil discovery in block CB–ONN–2003/1

Reliance Industries Limited (RIL) announced its seventh oil discovery in exploration block CB-ONN-2003/1 (CB 10 A&B), awarded under the NELP-V round of exploration bidding. The well CB10A-N1 was drilled to a total depth of 1579m in Part A of the block with the objective of exploring the play fairway in the Miocene Basal Sand (MBS) [...]



Kulczyk Oil Ventures to Test First Brunei Exploration Well

Kulczyk Oil Ventures announced that preliminary results from analysis of drilling data and interpretation of wire line logs from the Lukut-1 well on Brunei Block L indicates a number of potential hydrocarbon-bearing zones. Consequently, KOV and its joint venture partners (the “JV Partners”) have decided to proceed with a testing program. The hydrocarbons intersected over [...]



Petrominerales Awarded Two New Exploration Blocks in Colombia

Petrominerales Ltd. a 66% owned subsidiary of Petrobank Energy and Resources Ltd., announced that, following the Colombian Open Bid Round 2010, we have been awarded Block 59 and Block 15, both in the Llanos Basin of Colombia. Block 59 is located north of the Apiay and Castilla oil fields. The Block covers 131,286 acres and [...]



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