OFFSHORE Brazil may be the current star, but large new hydrocarbon finds have lately been reported on both sides of the Atlantic, in particular offshore Angola and, stretching the definition of Atlantic a bit, the US Gulf of Mexico.
ITALIAN energy giant Eni has reported a new oil discovery in the Timor Sea in the jointly administered area held by Timor Leste and Australia. Eni said the exploration well, Kitan-1, was drilled in block JPDA06-105, some 500km off the Australian coast, to a total depth of 3,568m (11,707ft) and encountered a "significant" column of hydrocarbons.
ARTHUR Millholland, the founder and president of exploration and production independent Oilexco, will deliver the keynote address at DEVEX 2008, which takes place in Aberdeen next month.
