Oil giant ExxonMobil reported Monday it had made two new oil discoveries in the northern Caspian Sea bordering Russia and Kazakhstan
Published:
29 November 2003 y., Saturday
The Texas company said the discoveries are the third and fourth successes in their 1.4-million acre North Caspian Production Sharing Agreement (PSA) area and will be studied further to determine if they are commercially viable.
The oil industry estimates that the North Caspian PSA, a partnership of the two nations and several oil companies, holds more than 9 billion barrels of oil.
The discoveries, announced Monday, were made on artificial islands in the Kashagan Southwest and Aktote prospects. Aktote struck oil at the 14,000-foot depth and measured a flow at 1,550 barrels per day. The Kashagan discovery occured at 19,275 feet and flowed at 2,100 bpd, although through a wider diameter flow line.
The Caspian is considered one of the great new oil-producing areas but development has been slowed by a lack of pipelines.
Šaltinis:
washtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »