08282016Sun
Last updateThu, 25 Aug 2016 4pm

i

End-User News

U.S. Oil Explorer Makes Huge Discovery in Australia

Apache Corporation announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin.

Six light oil samples have been recovered from three intervals to date; permeability measurements from the sampled zones indicate a productive oil reservoir with preliminary estimates that there might be as much as 300 million barrels of oil in place. The last major find in Australia was a 129 million barrel discovery back in 1999. This also continues a recent trend of new sources of oil being found in wealthy, developed countries. 

BUYERS GUIDE 300x220
Advertisement

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products