Space Travel News  
OIL AND GAS
More hydrocarbons found in Gulf of Mexico
by Daniel J. Graeber
Bogota (UPI) Dec 16, 2016


disclaimer: image is for illustration purposes only

A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far.

A U.S. subsidiary of Colombian energy company Ecopetrol owns a minority stake in the Warrior exploration well. Anadarko Petroleum, which has offices in Houston, is the operator of the well.

The Colombian company said drilling ran through a 210-foot column of oil in the Warrior well, confirming it as a discovery. Ecopetrol CEO Juan Carlos Echevery said the discovery ends the year on a high note for a company looking to build up its reserves.

"This achievement evidences Ecopetrol's ability to strengthen its presence in one of the most prospective areas in the world as is the Gulf of Mexico," he said in a statement.

Warrior is the fifth regional discovery for the Colombian energy company since 2012 and aligns with its strategy of looking for new reserves near existing infrastructure. The discovery at Warrior could be tied into existing production facilities controlled by Anadarko.

Anadarko this week closed on the acquisition of Freeport-McMoRan Oil & Gas's deepwater Gulf of Mexico assets. Combined with the acquisition and the success of its Warrior discovery, the company said it expects to double its net Gulf of Mexico production to more than 160,000 barrels of oil equivalent per day.

"Anadarko now operates the largest number of floating production facilities in the deepwater Gulf of Mexico, which provides a competitive advantage to leverage this infrastructure into attractive new investment opportunities," Anadarko Chairman, President and CEO Al Walker, said in a statement.

Estimates from the U.S. Energy Information Administration put total oil production from the Gulf of Mexico at around 1.6 million barrels per day, which represents about 20 percent of the total output.

Production declines in U.S. shale basins brought on by lower energy prices are offset somewhat by projected gains from the Gulf of Mexico.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Jessica Uhl to replace Simon Henry as Shell CFO
The Hague, Netherlands (UPI) Dec 15, 2016
Royal Dutch Shell, evolving in the wake of a merger with BG Group, announced Chief Financial Officer Simon Henry is stepping down after seven years. Henry was with Shell for more than 30 years and appointed as CFO in May 2009. He gave no reason for his departure. The company said Jessica Uhl, whose previous work entailed oversight over parts of Shell's shale business in North America as ... read more


OIL AND GAS
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

OIL AND GAS
ExoMars orbiter images Phobos

Mars One puts back planned colonisation of Red Planet

Opportunity team plot path forward to the 'Gully'

Curiosity Rover Team Examining New Drill Hiatus

OIL AND GAS
India Inc joins hands to bid for moon mission

TeamIndus signs contract with ISRO for lunar mission

Moonwalker Buzz Aldrin stable after South Pole health scare

Russian Space Agency Confirms Plans to Implement Lunar Sample-Return Mission

OIL AND GAS
Juno Mission Prepares for December 11 Jupiter Flyby

Research Offers Clues About the Timing of Jupiter's Formation

New Perspective on How Pluto's "Icy Heart" Came to Be

New analysis adds to support for a subsurface ocean on Pluto

OIL AND GAS
Scientists examine bacterium found 1,000 feet underground

Rings around young star suggest planet formation in progress

Who needs a body? Not these larvae, which are basically swimming heads

Meta musings on the origins of life

OIL AND GAS
Ultra-Cold Storage - Liquid Hydrogen may be Fuel of the Future

Technical glitch postpones NASA satellite launch

China develops non-toxic propellant for orbiting satellites

Allegations Rocket Engine Failure Behind Progress Spacecraft Crash Incorrect

OIL AND GAS
Chinese missile giant seeks 20% of a satellite market

China-made satellites in high demand

Space exploration plans unveiled

China launches 4th data relay satellite

OIL AND GAS
NASA mission to search for rare asteroids

Searching for Trojan Asteroids, Earth's Unseen Companions

It's a Bird... It's a Plane... It's the Tiniest Asteroid

Arizona Astronomers Characterize Smallest Known Asteroid









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.