HenryTo
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Joined: 06 Aug 2004
Posts: 11742
Location: Los Angeles, California
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 Posted: Wed Aug 03, 2005 1:24 pm Post subject: Shell jv Brunei Shell Petroleum makes new oil |
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Assuming we suck the oil out as quickly as possible - assuming drilling stops in 10 years, this will add approximately 25,000 barrels/day of oil to the world's supply. Very miniscule but enough to make headline news nowadays.
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Shell jv Brunei Shell Petroleum makes new oil, gas discovery off Borneo
08.03.2005, 05:43 AM
BANDAR SERI BEGAWAN (AFX) - Brunei Shell Petroleum (BSP), a joint venture between the Brunei government and the Royal Dutch Shell Group, said it has made a new oil and gas discovery in the Seria North Flank off Borneo island, the second successful find in nearly a year.
The discovery from a well drilled four kilometres offshore in nine metres of water further boosted prospects for the Seria North Flank, which is estimated to contain total recoverable reserves of up to 100 mln barrels of oil, the group said.
The company said drillings will continue in two more Seria North Flank structures this year and a further five wells are planned for drilling in 2006 |
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