recoverable oil

Oil Firm Makes Largest Oil Find In UK Waters

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An oil exploration firm has made what it has described as the “largest undeveloped discovery” of oil in UK waters. Hurricane Energy said one billion barrels of recoverable oil could be contained within the Greater Lancaster Area, 60 miles (97km) west of Shetland. The company hopes to begin production in 2019. Dr Robert Trice, Hurricane’s … Read more

Tullow Strikes Oil In Erut-1 Kenya Well

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Tullow Oil plc (Tullow) has announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres. The overall oil column for the field is considered to be 100 to 125 metres. The objective of … Read more