Latest Reservoir Development News

Finder Energy is accelerating its KTJ oil project in Timor-Leste, securing a key FPSO vessel and a major funding partnership to target first oil by the end of 2027. Strategic alliances and resource upgrades underpin a fast-moving development plan.

Winchester Energy has commenced drilling the JVU-5 well in its Varn waterflood project in Texas, marking a key step in unlocking over one million barrels of oil equivalent reserves. The operation underscores the company’s commitment to expanding its US production footprint.

Brookside Energy has announced a new Area of Interest in the Anadarko Basin, targeting thick, liquids-rich reservoirs with promising economic returns and significant reserves growth potential.

Horizon Oil has commenced production from its newly drilled A9H infill well in China’s Beibu Gulf, revealing an unanticipated oil reservoir that could boost future output.