Thursday, September 15, 2005

PXD Raids XOM And Marathon For JDZ Geoscience

ExxonMobil and Marathon Oil have reportedly lost "many" of their top geoscientists to Pioneer Narural Resources' Gulf of Guinea projects with ERHC Energy in the Joint Development Zone, lured by the promising Direct Hydrocarbon Indicators (DHI) revealed in some of the 3D and remote sensing work they've done, as well as background work done by KOSMOS in the GoG.

This development reinforces the belief of many that ERHC Energy is poised to quickly take possession of major oil finds in its positions in Blocks 2, 3, 4, 5 and 6, where it is partnered with Pioneer in Blocks 2 and 3 (with operatorship in Block 2), and paired as operator with Noble Energy in Block 4.

Our source says:
Pioneer was able to lure away many world class geoscientists from some of the majors ie. Exxon and Marathon among others and the key or one of them is the DHI 's (direct hydrocarbon indicators) revealed from various remote sensing and the 3 D work in the primary JDZ block hydrocarbon regime areas

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