Last year was a record one for major new discoveries, and 2013 has so far demonstrated that the road to discovery still has plenty of mileage. The past two months alone have netted new finds in Egypt, a flurry of promising exploration results in East and West Africa, some important moves toward commercial viability in Kenya, more gas in the North Sea, an unexpected junior discovery in Brazil—and of course, more gains in Texas.
Riding high on a year of brilliant discoveries, companies are drilling deeper and expanding exploration like never before.
These are the top finds for January and February that should be on your radar:
• Eni finds new oil in Egypt’s Western Desert
• Maersk makes a new pre-salt discovery offshore Angola
• Sonatrach finds a new oil field and gas deposit in beleaguered Libya
• Tullow moves toward commercial viability in Kenya
• TAQA and Fairfield Energy find two columns of oil in the North Sea
• Karoon Gas Australia hits light oil offshore Brazil
• Fossil Oil finds new gas/condensate reserves in Texas
Egypt: Untapped Potential in Western Desert
Italy’s Eni on 8 February announced a new discovery in its NFW Rosa North 1X well in the Meleiha Concession in Egypt’s Western Desert. The well encountered a total oil pay of around…