"US supermajor ExxonMobil has notified Brazilian regulatory authorities that it has detected hydrocarbons on a deep-water pre-salt prospect that is billed as the biggest yet in the emerging Santos basin province."
"Marcio Mello, a respected Brazilan petroleum geologist who worked on the pre-salt concept with Petrobras before setting up his own consultancy, has predicted that Azulao alone will land the BM-S-22 with recoverable reserves of more than 10 billion barrels."
NZ Sees Bright Future with Major Offshore Oil Finds
"Confirmation of large oil fields in the offshore waters of New Zealand could provide a step change in national income for the country, an energy briefing to the new Minister of Energy and Resources Gerry Brownlee says.
The Vote Energy briefing from the Ministry of Economic Development made public by Brownlee, says there are potentially several 1-10 billion barrel oil fields in the Great South Basin alone.
Any discoveries would perhaps allow New Zealand to follow in the economic footsteps of Norway and emerge as a serious source of energy for the world, the briefing says..."
Tullow Makes 17 Discos in '08, Boasts 100% Exploration Success in Africa
"100% exploration success in 2008 in Ghana and Uganda. 17 discoveries from 22 wells in overall drilling program;
In Ghana, Jubilee field appraisal confirms major resource potential of up to 1.8 billion barrels and a most-likely case of up to 1.2 billion barrels"
Lebanon cautions over Israeli gas discovery
"The discovery, which may be the largest ever made by operator Noble Energy, is in the Matan license offshore Israel. The Tamar No. 1 well, in water depths of around 5,500 feet (1,676 m), was drilled to a total depth of 16,076 feet (4,899 m) by Atwood Oceanics semi Atwood Hunter"
Bid for Basra autonomy vote fails
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