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08 Apr 20
Brazil: Petrobras announces new oil discovery in the Campos Basin
Petrobras reports that it has encountered oil in carbonate reservoirs in the post-salt section in an exploration well on the Sudoeste de Tartaruga Verde block, located in the Campos Basin.
07 Apr 20
Brazil: Petro-Victory Energy announces oil discovery at Vida well - 49m of net pay, oil recovered to surface
Petro-Victory Energy has announced the discovery of oil at the 1-VID-1-ES (Vida) exploration well located in Block ES-T-487 Espírito Santo Basin, Brazil. The well encountered 49 meters of net oil pay, exceeding Petro-Victory’s pre-drill forecast of 855,000 barrels of mean recoverable resource. The well will be suspended prior to testing.
07 Apr 20
US: 88 Energy's Charlie-1 appraisal well confirms large condensate discovery in Torok Formation
88 Energy has provided an update related to operations for the Charlie-1 appraisal well, on the North Slope of Alaska. The well penetrated sandstones in seven stacked targets and shale in one target. No flow tests were undertaken but gas condensate samples were retrieved to surface from the Torok formation.
06 Apr 20
GoM: Equinor announces oil discovery in the US Gulf of Mexico
Equinor and co-venturers Progress Resources USA and Repsol E&P USA have encountered oil in the Monument exploration well in the US Gulf of Mexico. The Monument exploration well found approx. 200 feet (c. 60 metres) of net oil pay with good reservoir characteristics in Paleogene sandstone.
06 Apr 20
Trinidad: Columbus Energy extends Goudron IPSC with Heritage Petroleum
Columbus Energy has reached an agreement to extend the Goudron Incremental Production Service Contract ('IPSC') with Heritage Petroleum Company to 30 June 2020, allowing time for the Company and Heritage to finalise the agreements for the longer term extension.
05 Apr 20
Brazil suspends 17th licensing round
Brazil's ANP has approved the temporary suspension of the 17th Bidding Round for areas for oil and natural gas exploration and production, under the concession regime, which was scheduled for this year, in view of the current economic climate resulting from the Covid-19 pandemic.



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