Oil firm Apache said yesterday it had reached a major milestone toward the installation of a satellite production platform that would help to extend the life of the UK North Sea Forties field by nearly 20 years.
AIM-listed Afren has reported that operator Hunt Oil has made a significant oil discovery in the Kurdistan region of northern Iraq with its Simrit-2 exploration well drilled on the Ain Sifni block.
London-listed Oil junion Afren's Okoro East exploration well, offshore southeast Nigeria has come up trumps having encountered 169m (549ft) true vertical thickness (TVT) of net oil pay and 12.5m (41ft) of net gas pay in excellent quality reservoir sands
SHARES in North Sea energy firm Nautical Petroleum were up more than 15% yesterday after the company made an "excellent start" to appraisal activity at its Kraken field.
Shares in Nautical Petroleum were sent soaring nearly 40% yesterday after it said it had found a substantial column of oil in a sidetrack well drilled on the Kraken field.
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.