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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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Exxon Mobil Corporation added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil.

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Sinopec proves 100-billion-cubic-meter natural gas reserve in Sichuan Basin

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Sinopec (China Petroleum & Chemical Corporation) has proved another 34.029 billion cubic meters of natural gas at the Zhongjiang Gas Field, bringing the total known natural gas reserves in the Sichuan Basin to 106.1 trillion cubic feet (Tcf) of natural gas in 2019, 8% higher than in 2018. billion cubic meters.

Gas 186
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Sinopec targeting 10B cubic meters of gas per year by 2017 from China’s first large-scale shale gas field

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China Petroleum and Chemical Corporation (Sinopec) said that it had made significant breakthroughs in the exploration and development of shale gas in China, and is planning to develop the Fuling shale gas field into China’s first shale gas field with an annual production capacity of 10 billion cubic meters by 2017.

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Shell completes divestment of oil sand interests in Canada; retains Scotford refinery and plants

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Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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ExxonMobil to proceed with $14B Hebron heavy oil project off Canada’s East Coast; more than 700B barrels of oil

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Exxon Mobil Corporation will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase from earlier estimates. The platform is being designed for daily production of 150,000 barrels of oil.

Oil 356
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. billion recoverable oil-equivalent barrels. The country was under explored and no significant oil discoveries were made until 2015. Source: ExxonMobil.

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