Oil Discovery
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QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia. Merlin-1X is the tenth well drilled under the license, delivering the most pr..
Kuwait Petroleum Corporation (KPC) said on Sunday it had made a "giant" oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels. KPC's CEO Sheikh Nawaf Saud Nas..
QatarEnergy announced a significant light oil and associated gas discovery in the Orange Basin offshore the Republic of Namibia, the second of its kind in the African country. Venus-1X prospect located in block 2913B in the Orange Basin, offshore ..
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