The company didn't give the estimated reserves or the potential output from the new discoveries.
The oil firm has estimated reserves of at least 10-12 million barrels of oil in the lease area.
Recent programs to assess reserves in limited areas using updated methods indicate that only a small fraction of previously estimated reserves are actually minable reserves.
China produces some 90% of the global supply of rare earth metals today, but sits atop only about half of the world's estimated reserves of the elements.
Ocean, with estimated reserves equivalent to 598 million barrels of oil to Devon's 1.6 billion, was counting on the deepwater projects to fuel its growth in the coming years.
Considering that Iraq's estimated reserves of 150 billion barrels are second only to Saudi Arabia's, oil economists think Iraq could easily produce 5 million barrels a day for many years.
Last August Malabu sued Shell, accusing it of colluding with Nigerian officials to snatch its juicy oil prospecting license, OPL 245, a giant block in the deepwater area of the Niger Delta, with estimated reserves of more than 1 billion barrels.
We can assume that means affirmations of estimated potash reserves, mineral rights, and project costs.
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It has estimated oil reserves of nearly 12 billion barrels, attracting strong interest from foreign oil firms.
Estimated total reserves have increased annually for the past 12 years, much like a growing store restocking its shelves.
While Shell is widely believed to control more territory worldwide, BP holds far more of the estimated future reserves in the Gulf.
In North America, Apache focuses its operations in the Gulf of Mexico, the Gulf Coast, and the Permian region, where assets contributed 48% of production 70% of estimated proved reserves.
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Estimated worldwide helium reserves are projected to last for 300 years at today's usage rates.
Recent exploration in a new area revealed estimated oil and gas reserves of 3 billion to 15 billion barrels.
U.S. gas reserves are estimated to last 100 years at current consumption rates.
The table lists companies whose total price (debt plus market value of common) is less than the estimated discounted value of reserves.
In addition to its massive proved reserves, it has an estimated 260 billion barrels of heavy crude--roughly equal to Saudi reserves--in its Orinoco Belt stretching across the center of the nation.
As part of its proven crude reserves, Ecuador has an estimated 900 million barrels (and 1.3 billion barrels of potential recoverable reserves) in the Ishpingo-Tapococha-Tiputini (ITT) block in the Amazon rainforest.
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In addition to its massive proved reserves, it has an estimated 260 billion barrels of heavy crude--roughly equal to the Saudi reserves--in the Orinoco Belt that stretches across the center of the nation.
They are estimated to contain recoverable oil reserves of more than 45 million barrels.
In Northern Ireland, the gas reserves have been estimated to be the equivalent of about 1.5bn barrels of oil.
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Recoverable gas reserves have been estimated anywhere between 35-65 trillion cubic feet.
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The Arctic is stocked with minerals that were hitherto largely inaccessible, including an estimated 30% of undiscovered reserves of natural gas and 13% of undiscovered oil reserves.
The new extension to the quarry will see slate reserves worked until an estimated 2032.
"Proven reserves of hydrocarbons are estimated at 12.2 billion barrels of crude oil and 4.5 trillion cubic meters of natural gas, " said Abdelhamid Zerguine, head of Sonatrach.
Also working with Noble Energy, Cyprus lays claim to an estimated 60 trillion cubic feet of offshore gas reserves, which they hope will start flowing within the next few years.
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Riversdale has two projects in Mozambique, one with identified reserves of 500 million tonnes and estimated resources of 4 billion tonnes, and the other with estimated resources of 9 billion tonnes.
Zimbabwe's reserves of foreign exchange are down to an estimated three days-worth of imports.
Goldex had an estimated 1.6 million ounces of proven and probable gold reserves.
The United States boasts an estimated 2.2 trillion cubic feet of technically recoverable natural gas reserves.
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